The Marion daily mirror. (Marion, Ohio) 1892-1912, 1909-02-18

| was first engaged as q tutor at Har-
vard,' he declared, "and want to
say that at the conclusion of that
long period of endeavor | cannot con-
ceive how happier life could be
imagined J." Other speakers dwelt on
the revolution in academic methods
brought about by President Eliot, and
Professor E Il. Gay. Dean OF the
now Harvard School of Business Nd
ministration, told of the purpose and
work of the school.
big elevator interests in the West
show no signs of swallowing willing
ly the bitter pill, proposed in the
McCumber bill, Of federal inspection
of grain, although the United States
recently has lost heavily in grain ex-
ports to Europe because of the un-
satisfactory grade of export grain.
The big elevator houses maintain
that federal inspection is the wrong
prescription and they welcome the
prospect that the present Congress
may refer the matter to a commission
"for investigation. It was given,
! however, the unqualified recommen-
datlon of the Senate committee which
looked into the case. Reasons that
bristle with dollar signs were ascribed
by Senator Dolliver for the reluct7
ance Of elevator companies to have
the federal government step in and
establish uniform system of grad
ing so that wheat which graded
No. 2 in Kansas, will not get No. 3
grade at Kansas City, No. at Chi
cago and 'no grade" at New Or
leans, and then become No. 2 again
for export purposes, as it is charged
often happens now under boards
of trade and state inspections. The
thing awkwardest for elevator men
to explain was the report of the
North Dakota Bankers Association
that one terminal elevator In Min
nesota which received during three
months, 206!267 bushels of No. 4
wheat, 116031 of "no grade" and
So, ,7+2 of "rejected" shipped only
No. ! northern No. 2 and No. 8, but
had on hand no low grade wheat, an
anomaly involving an extra profit
to the elevator of $S3T2O. Com
menting on this Senator Dolliver
made the caustic comment: "Any-
one acquainted with the grain trade
will know at a glance that this great
difference arising from changing a
grade from a low grade to two or
three grades higher, whereby all OF
the lower grades are entirely lost,
could not be produced by any system
of mixing IL both the inspection in
and the inspection out were made by
the same standard .
Sidetracking the postal savings
bank bill in Congress, notwithstand-
ing that there is a majority in Senate
and House for measure making
state as well as national banks de
postories in the districts where de-
posts originate, is proving more OF
task than hostile banking inter-
ests anticipated. Members of Con-
gress are hearing from constituents
in. no uncertain way and Senator
Carter was encouraged to state his
belief that the bill can be brought
TO vote before many hours" I'm
spite of the Aldrich "program &"
Nevertheless, the proposal of the Chi
cago Clearing House Association to
refer the question of postal savings
banks to the Aldrlch Currency Com
mission, has been repeated by bank
ers' associations in one state after
another until It's purpose, that of
postponing action, has become patent.
The curious fact is ihat inquiry
shows an increasing number of bank
ers who favor postal banks as
means to get into circulation the
$5OO'OOO,OOO, sort of fine tooth comb
to get the small sums not now
banked and stimulate thrift and
The banking habit" Bankers who
Join in protests against the measure,
according to the program OF some
one privately admit that the opposI-
Iloh Is a mistake and a mistake like
iy to prove serious by irritating tIthe
plain people Of whom Lincoln smoke
meanwhile, the situation is as ont
lined by the magazine Success In This
editorial: "Woud YOU like 10 put
your small savings in the hands of
Uncle Sam, the most reliable banker
In the world, who never specuIates
with your savings on Wall street
ana who always pays your money
mack when you want II? Well Won
can T. SO that's all there is about n
I,i dhe bankers { Association does not
IKE the idea. 1t is of no use for Won
20 argue tina tthe principal govern
ments Of Europe are taking Care of
, Ine peoples small savings and nav.
ing them interest, and that thew
haven't hurt the private banks az
an You would only be wasting
your breath, because there is a maH
wlth whiskers out in Danyille Ini'
ilols' who doesn't care for postal saw
InsS banks There is no use of
ohcie SANS trying to go into iba
banking business without the annroyaI
ol uucle Joe. Meanwhile. let ms con.