Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-07

benefit not only for the people, but to
| the existing financial institutions,
| Practically all the leading nations OF
the earth have adopted this plan. Why
should the United States. which has
such foremost position among the
| great nations, lag on question that
would mean great benefit 10 the gen.
eral public?" That there is no antag-
onism between the savings and insur-
| ance banks of Massachusetts, and the
proposed postal savings system In spite
of the American Bankers associations
protest appears from the announcement
in the opening address of the president
of the board Judge Lloyd Z. Cham
berlain. of Brockton, Mass: "A year
ago / called your attention to the plan
of savings bank insurance and an
nuitles then recently inauguratcd in
the commonwealth. and suggested that
its workings might well be watched
with a view to urging its more general
adoption as a possible solution, In part
at least. of a problem yearly assuming
larger proportions. / believe we can
now with profit to the state. and in the
interest of large number of our peo-
pie. take u more pronounced position
THE WHIAS OF WOMAN.
The decrease in the amount OF silk
bers In Chicago and manufacturers In
the east and explains the financial
troubles of the silk trust" now in the
throeS of 4 second reorganization. Ine
whims of the ladies'" is the explanation
made for the decrease, with something
more explicit In the fact that tailored
woolen gowns have become correspond
ingly popular and crowded out the use
of silk. The new tariff bill did not take
caro- OF the silk mills as Ii did OF the
woolen and cotton spinners, about
whose schedules elaborate curves were
artfully woven, as for instance, In the
matter of wool which is protected" to
the point where the wool growers de-
sires were satisfied and the manufactur-
ers had a margin besides. with protec-
ton on their own account In addition.
This Is explained by VIII Payne In the
Saturday Evening Post. thus: senator
Warren, of Wyoming. said. in fact, tnat
when the shrinkages were taken into
account the protection to the American
grower was only Z or 71e cents. IL
seems, then, that the trust collects IL or
IL cents of compensatory duty and
hands about cents of IT over TO the
grower, for whose sole beneht tnat
duty is supposed to be levied. More
over" he adds, "the tariff act says; All
manufactures of every description
made wholly or In part of WOOL Many
manufactures that are only part wool
are thus charged with the full compen-
satory duty as though they were all
wool The wool in the article may be
rags or shoddy. yet 1t carries the full
compensatory duty as though 1t were
pure wool A good deal of so-called
woolen cloth-such as women's and
children's dress goods and coat Innings
is about half cotton. the warp being of
that material That cloth is put into
tho wool schedule and enjoys a compen-
satory duty amounting to about half Its
total value"
WELCOME BRIDAL PAIR.
The welcome OF society in Chicago to
the Gages-the former secretary OF the
treasury, Lyman ]. Gage, who as pres
ident OF the First National Bank of
Chicago, built II up to gigantic pro-
portions, and his young bride on their
honcymoon-bidS fair to be quite
unusual in many respects. There will
be much entertaining attempted, but
what.will be the success of the attempts
is the subject for much speculation
bride IS, and because Mrs. Gage, for
merly member of the "Florodora Sex
tette," was won during the efforts OF
Mr. Gage to convince her of the truths
of Point Iona theosophy. Former Sec
retary Gage had a distinctive place In
Chicago, socially, because of his
prominence in public enterprises such
at the Worlds fair and because OF the
charm of her personality against which
no snobs were proof The man still
lives who first hired Gage as youth
of 19. as a laborer in lumber yard
and who reduced him three years later
to the job OF nightwatchman. But
Gage climbed fast. once he got his
feet on the ladder, in the Merchants
q. nj To
came cashier and then president of
the First National bank. Three times
he was president of the American
Bankers association. In recent years
Mr.. Gage has lived with the theoso-
phists at Point Iona, having dropped
political and financial associations.