davidaulloa/AmericanStories huggingface dataset:
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

Societies, fostered by negro patron.
age. fail, in many instances, to serve
their purpose, because they are, ap-
parently, blind to conditions or tardy
in effecting remedy suited to our
ills. Every individual is entitled to
the full enjoyment of whatever his
efforts conceive, nor, should he be
blamed If he chooses not to grant an
other participation in his dues. Rea-
son and judgment should guide our
thoughts in whatever way directed;
and justice should be the conclusion
at which to arrive. Then, whenever
the negro shall have considered the
blessings to be obtained by these de-
malls, he will be more inclined to per-
feet organizations and develop his
latent powers.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
MULA! l:sF!D A SPORT;
REAL STAGE "J0HNNY"

Mulai Hafd. ex-sultan OF Morocco,
has graduated rapidly In the pleasures
~ hia EurODQan
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
ALIM0Ny BUT NO DIVORCE
FOR AMERICAN BEAUTY

Another American girl has found.
through bitter experience, that mar
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
HER MAJESTY SADAKO:
JAPAN'S NEW EMPRESS

Like Emperor Yoshihito, Empress
Sadako is extremely democratic, As
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
CROWN PRINCE AND
KAISER ARE AT OUTS

The Vienna Zeit published the other
day the following dispatch from their
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

Widows mourn only in the presence
Of their women friends. To their
masculine admirers they show q
sweet air OF mild resignation.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

Late breakfasts make q wise man
forget he 10 wife.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
rhe Brokers' Daughter.

''Will you take any stock In my
oher?" asked the sutton.
You must first 30 to PAL" answer
+ "a the wise daughter.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

When mans on his vacation there
are lots Of others who keep his girl
from getting lonesome.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18
IMAGINATIVE Person.

Imaginative Person.
rs your burglar.proof system an
absolute security against thieves?"
Guaranteed"
Then install one for me. l don't
want to be robbed Of any more illu-
sions."
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

Spend some of your money with the
enterprises Of your own race. Quit
acting q fool.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

II l tnjure my neighbor Of course
my neighbor is bound to injure me in
return-and of course there is no end
to that pursuit. No civilization was
ever built up on that. On the con.
trary, civilization, especially our civ.
ilization, has been built up on the
principle Of not retaliating, Of not do.
ing evil to other men, as they do to
you. On the other hand, while l be-
lieve In initiating the white man in
most things that he does, l believe
in initiating him, not in the evil
things, but in the good things, and
the people who curse the negro are
not the best white people, but the
worst. The best white people are
those who are seeking to educate the
negro. to build him up, to make him
a Christian. They are the people who
do not reply with retaliation, but who
return good for evil rather than evil
for evil.-Booker Washington.
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

The foreign commerce OF Greece az.
gregates about $50,O00,000 annually,
Of which $30,00O.00O is imports and
$20,000,000 exports. The United
States shares in this commerce to
the extent. according to Greek Of,
fetal returns, Of about $S,OO0,0OO, Of
which imports from the United States
constitute only 100000
No state in the Union has had less
friction between the races than Ala.
bama has had for the past year or so.
If the usual crime" has been com.
mitted in Alabama during the past
twelve months, the Advertiser does
not recall it. There has not been a
lynching in this state In more than
year. Lynching has been made un-
popular in Alabama because of the
vigorous policy Of our chief executives,
The crimes which usually provoke
lynchings are now very rare, a fact
which is also due to the awakened
fear and respect OF the law in Ala
bama. Alabama negroes, numerous
though they be. cause less trouble,
and fewer lynchings occur here than
in Kansas, where the negroes are not
so numerous.-Montgomery (Ala.) Ad.
vertiser
Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-10-18

hS ohhuub AAu"ptoh S0htCAShSSp Va
which reports have just arrived, tells
part of the story OF how the colored
man In the south Is working out his
salvation as free citizen. At Hamp-
ton for the past 16 years there has
been q midsummer gathering OF the
leaders Of the colored raae-the men
and women from all the southern
states who are doing practical work
IN agriculture, education, sanitation.
rural welfare and better forms of rec
reation on behalf Of 4 race that was
released from the bonds Of slavery
less than half century ago. The re-
ports Of the 1912 conference are par
ticularly significant and encouraging.
For example, In the agricultural sec
ton it was brought out that of the
100000 colored farmers of the south,
21S.000 own land and buildings valued
at almost billion dollars. In Virginia
1920 negroes own and operate their
own farms, a gain OF 20 per cent. in
ten years, and 1906 others are work
ing farms as tenants. In Georgia the
colored farmers increased from 81, 900
to 10000 in ten years: in Arkansas
from $4,000 to 63,50O, and In MISSISSIPPI
pi there was an increase of 1926, 900.
The educational progress Is especially
gratifying. The percentage Of negro
illiterates in the whole country
dropped from 44.5 in 1900 to 3O.4 In
1910; for the aegroes Of the south it
dropped from 48 in 1900 to 1913 in 1910.
In 1900 there were three states, Louisi-
ana. Alabama and Georgia, where
over so per cent OF the negroes could
not read or write. in 1910 Louisiana
with 48.2 per cent OF negro Eliterates
makes the poorest showing. AS they
prosper IN material things the ne
groes are supporting more and more
generously their various schools. For
example, Americas Institute in Geor.
gia. maintained by 70 colored Baptist
churches, began life In 1897 with an
income OF 1854 from these churches.
and last year it received $4,000 from
the same sources
The Washington times., 1912-12-08
THE WASHINGTON TIMES, SUNDAY. DECEMBER g. 1912.
Lieut.. Col. Judson Is. ,,, (.
Urged for Position

Congressman Burieson OF Texas is
ono Of the mon urging Lieut.. Col.
william v. Judson. Engineer COM
missioner Of the District. for appoint-
ment to the Panama Canal orEanixa-
tion. .'. .t
Yesterday Mr.. Burleson called on
President TAFT for this purpose and
was informed by the President that
no 10 OPPOSED to making any change
in the commission. but that . vacancy
had sri:sn by tsS :nns r:ss1snst.Sn Is OF q
the Pacific division.
President Taft has stated that he
10 thoroughly opposed to supplanting
any man on the eve. OF tho compile.
tion Of the great work.
The Washington times., 1912-12-08
Men at !.
Students Smoker

The first intcr-fraternity smoker
Of George Washington University
students was held last night In the
Continental Hotel. More than $50
Greek letter men attended. Tho smok-
or was tho initial EstherinR Of the
now organization at George WASH
ington Of all the fraternity men.
Rear Admiral Stockton. retired
president Of the university. expressed
bis sentiments and appreciation .of
the work Of the mon. through = letter
Brief speeches were fnsds BY Dean
Jones. OF the college Of law: Dean
Howard l.. Hodgkins. Of the col.
lege Of engineering; c. b. Dies Jerdius
and Harold Keats.
The Washington times., 1912-12-08

Miss Leila Harrison. daughter Of Mrs.
George F. Harrison. will make her
debut at a tea and dance given by her
mother and her aunt, Mrs. Edward
Qualtrough, at the Playhouse Tuesday
afternoon.
Lieut.. Byron A. Long. L. 8. n. en-
tertained q number of guests at lunch
con at the Chevy Chase Club today.
-
Mrs. J. NJ. Culp IL entertaining Miss
Martha Woolwine of Los Angeles, and
Miss Susan Wyndom Of Savannah. Ca.
both students at the Cathedral School.
Mrs. Culp entertained for them at the
Columbia Theater last night and will
give a dinner for them tonight. Tues
day Mrs. Culp will leave Washington
for Birmingham. Ala. to visit her
daughter, Mrs. Henry J. Porter. q debu-
tante of two seasons aSo. Mrs. Porter
and her infant daughter, Adaline Culp
Porter, will return to the Capital with
Mrs. Culp. for = cart Of the winter.
-
The Congressional Club has arranged
in interesting program for the season.
beginning with a reception on New
Year Day. from 2:30 to $50. Other events
are a reception January s At 8 o'clock
In honor Of the Speaker and Mrs. Clark
tea January II for the debutantes
whose mothers are members OF the club.
Q reception January q In honor Of the
Diplomatic Corps, q club breakfast on
February at 1890. reception Febru.
ary g at $50 for the President and Mrs
Taft. The latter invitation will he one
The Washington times., 1912-12-08
Illinois Has Higher
Tax Rate for 1918

BPR1NGFlELD. Ill.,. Dec. a--Thirty.
eight cents on each 500 Of equalised
tax rate In Illinois next year. In the
aggregate the rate 10 cents higher
than last year. due to the f0-cent uni-
yersity tax provided by law. The rates
for general revenues and the schools,
however, this year will be cents lower
than those Of last year.
The Washington times., 1912-12-08
Patrick Goes to,
Home of Relatives

|. ST. LOUIS. Dec. 1-Albcrt T. Patrick.
recently pardoned from Sling Sing. has
arrived here and departed for the coun-
try home Of his brother.in-law. John T.
Milliken. at Crescent. Mo. Patrick re.
fused TO talk. saying Miillken had ask
The Washington times., 1912-12-08
Two Entertainments
For Blind This Week

Two entertainments have bsen a..
ranged for the blind during the ves,s az
December :. The f,rst entertainment
viii b held On Tuseday. Decsmber IN
q ,,;r. s:s h. m, .,P,:.E Rr 2. 9 Sormsn VIM ic.
eage." On Friday ct 3 3. m. M,"s VIZ
Ochippert Will i've musicale ana III
30 assi.ted BY . tenor, vioIinist, ana ~. ~.
The Washington times., 1912-12-08

Mrs. Sankey Bacon. wife Of DR.. Ba.
con. y. 8. N, has out invitations for q
tea on December 10 at the home Of her
mother. Mrs. Hugh T. Taggart, In
GEORGETOWN. Mrs. Bacon IL spending
Bacon Is on sea duty.
The Washington times., 1912-12-08
Citizens to Meet,

The regular monthly meeting Of the
Northeast Washington Citisens' Asso.
ciation will be held tomorrow night at
streets northeast. The recommends.
tions Of the committee on the GEORGES Q
report" will be discussed.
The Washington times., 1912-12-08
Coming Government.

The newly organised Washington
Temple congregation. nonsectarian. will
be addressed by Evangelist Menta stur-
geon. Of New York, this afternoon at
) o'clock In the New Masonic Temple
The subject Of the address will be
The Coming Government To Be Uni.
versal" ~
The Washington times., 1912-12-08
Chosen Rhodes Scholar.

WI MEW n 1--we MAvEN, Conn. Dec; a-oserr,
graduated from Yale last juns. 0 ~ ~
Day unanimously chosen Rhodes schoi~. !.
from connecticut. He plans TO study a.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

Miss Lettie Lynn left last evening
for a two-months' visit in Denver,
Colo, after very pleasant visit with
Misses Mabel and Manola Giltner,
1909 Pierce street.
o.
Mrs. +. NJ Hedrick, 1896 Jackson
street, left last evening for Tennessee
70 meet her husband and daughter.
Grace, who preceded Mrs Hedrick
about two weeks ago
Mrs J. f. Bills and Mrs smith
MeLeroy and children have return
ed from weeks visit in Hereford,
the guests OF Mrs. McLeroys par-
ents. MIR and Mrs. Roberts.
Miss Wilkinson left last evening
for her home in Little Rock ARR
after a very enjoyable visit IN ANA
rillo che guest OF Mr. and Ms WIZ
Collins. San Jacinto Heights
Mrs. c. J..Clark and son OF cabot.
Ark, and Mrs Davis OF sweetwater
Texas. are Ia The city on very en-
joyasle visit With Mr.. and Mrs Y {
Nicely. 1901 Van Buron street
~ 90
1 Mrs. S. r Eppler left Yesterday
for Chicago 70 spend the summer
with her two daughter Miss Lizzie
land Mamie Eppler who are az the
university taking q summer course.
Miss Frances l. Arhrens left last
evening for a visit OF several months
IN 81. Louis. No later to return %
Amarillo, where she will make her
future home. Miss Ahrens Is so de-
lighted with the Queen City that she
made this selection after visiting q
number OF cities Throughout the state
Mr. and Mrs ". J. Garrett anl
two sons, c. A. Garrett and J Vi
Garrett, and daughter. Mrs Batsof
T Of Waco. reached Amarillo yesterday
on an overland trip and will remain
here for some time the guests % Mr.
and Mrs. A. X Sims. Mrs Sims /,
a daughter Of Mr.. and Mrs. Garrett,
/ o
! Miss ollie Cochran o.. Belmont Re
male College. who has been engaged
as district organizer % the Panhan
die for the summer. will address IN,
ladies Of the First. Second and Tab
ernacle Baptist churches. Monday az
ternoon at 3 o'clock. al the FRS
Baptist church. a large attendance
is requested 20 be present
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07
Don't You owe Yourself Something ?.

For programs and beautifully a.
Illustrated literature free Of cost re.
lating 10 the Great Colorado Chautau-
qua. az Beautiful Boulder" and nu-
merous splendid. home-like and not
unreasonably expensive resorts
throughout wonderful Colorado and
along the Pacific coast. address A. A.
Gibson. General Passenger Agent
The Denver Road. Fort Worth
Texas. Little vacations In these d.
rections are always worth more than
they cost. 1s3 SOC
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

will 90 TO make up the pleasures OF
II Representatives of each church
Ichoir will meet Monday afternoon at
four o'clock at,the Methodist church
TO plan the music for the federated
missionary meeting To be held Mon
day, July 20.
Y The Beaunot club will hold an I'M
portant called business meeting Mon
day afternoon at Z o'clock at the
home OF Miss Gertrude Bell. 900
iPierce street.
The Sunday school picnic OF the
Second Baptist church will ne held
Tuesday The picnickers will leave
the church az about : O'Clock in the
evening
CLUB NOTICES.
Monday.
". " A. Mrs. McGee, I5Oo Tpler
Tuesday.
/ La CostuI4, .frs Il W. Hall. 1916
Folk street.
81 Anne, I.. f Weary. s1o Van
4 Buren,
Fridge. Mrs. ". n. Boney Neal
\ HOUSE. 3.3o
Wednesday.
lseI Benaeits. Polk Stree, ca arch
iLucky Thirteen. Miss Emma Trcllin-
, ger, iOs ". Eighth.
neaunots, Miss Missile Westbrook
1n0s ssrriscon.
Thursday.
fp y r. -frs walker Hail
Friday.
lEl.s Hundred. Miss Clio Hal. 1916
POLK
y 7. C's, Mrs A. J. Thompson 1911
Van buren,
-pstH-f.e. Nrs- Charles Pearson.
Mrs Dan Booth is visiting 10 sayrc
Oklahoma
Miss Mary Williams OF Tuua is a
guest In the city
Mist Lula Wear OF Hereford Is a
guest in the city.
Miss Jennie Thomas il the guest
% relatives az Vernon.
Carl Llnke is threatened with T.
phoid fever a. 70 home. 1900 Mon.
roe street.
Mr.. Z NJ Holman and children
left yesterday for Pampa 10 be guest,
OF relatives for a month.
Miss Ora Rainey Dimmitt. who hai
been the guest OF Mss Gertrude BJr
son. returned Friday evening 70 hei
home a, Hereford.
o.
Misses Frances /. Ahrens and Ross
L. Ahrens OF Illinois are spending III,
summer with Mr. and Mrs. J. II Rich
ardson. northwest OF the city.
o
Mrs Frank Wheelock. wife OF May
or wteelock OF Lubbock. who hai
been critically IN AZ the Amarillo
Hospital. has recovered sufficientll
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

Dc people could only once realize the
lcmo-alIzing influence OF holding he
sticky idea tbe failure ideal. IN the /,
mind until "a. standards OF exceilence
are az dragged down TO the level OIL
mediocrity or commences. they
would never araIr b. content to dwell
u the valley at failure 10 live in thu
EASEMENT az thelr lives -Orison
,~ett NardeL
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

4 large crowd is expected "a at
tend the lawn social 20 be given Tues
day evening at 1s07-Os Lincoln street
on the lawns OF Mrs. H. p. Bright and
Mrs A W shoults Music. Ice
cream csFe and = general good time
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

Walter Henderson and o Burleson
OF Lamesa are in Amarillo guests OF
Mr. and Mrs e y Henderson a.
1903 Johnson street.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07
TELEPHONE I0I

Molyneaux, Geo. Molyneaux and Coral
Sears. Quite a novel experience on
the trip was the sudden Introduction
OF hail and rain 10 the shoulder OF the
picnickers. II only served. however,
10 heightcn the pleasure OF he oc-
casion.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

Mrs Frank Wheelock. wife OF May
or wteelock OF Lubbock. who has
been critically IN AZ the Amarillo
Hofpltal has recovered sufficiently
10 return 20 her home.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

A most enjoyable social function
was given Friday evening az the home
OF Mrs. Frank f. Warren by the Rap
list Young Peoples Union OF the
Tabernacle Baptist church. Games.
music and enjoyable refreshments
vent 70 make up the evenings plea
sure About thirty young people took
advantage OF the occasion and re
port a most delightful time.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07

Misses Frances /. Ahrens and Rosa
l.. Ahrens OF Illinois are spending the
summer with Mr. and Mrs. J II Rich
ardson. northwest OF the city.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-07-07
The Answer.

What is the End. Q pale Wayfarers,
Who knew SO much that We can not
.al0
TaÌˆgliches Cincinnatier volksblatt. [volume] (Cincinnati [Ohio]) 1885-1919, 1912-03-06

paris, 5. Mar5. gu gbren oes
BON paris ab6srufenen ameritGniite:l
goifhafiers Bacon battle bic inter
parlamentariiGs SaieDsgtrihtssrupp,
cine aeIhiebsfsier pernnitaltet. Der Die
biitinguirteiisn psrionliHteitsn Grant
reihS beifpobntsn. Baron b'gitrlrs
nelIss be gcnitant iaste. bnB san5
sFrnnfrsih bic abb.rufuns bes 5errn
Baton, Der ff bic ulieemtinife elds
tuna er,porben babe, bsooure. Gr feisre
ie 6errn Bacon als einsu sSreuno
syrantreid,s uno nnbrtn JrieDenss
ireunb, ibm aur islben 3eit cine fn0ne
BON Robin anssfsrtists Hronstfasus
iE6osSsi3enn.
TaÌˆgliches Cincinnatier volksblatt. [volume] (Cincinnati [Ohio]) 1885-1919, 1912-03-06
@etterberiHt.

OHIO: Ghones Wetter ofn Weitts
fpon unb Donneritng. NIT Iangiam
iteisenber 9emperatur; gemdBistsr
HorbofsWinb.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-03

To the Editor Of The Times-Dispatc
S!r.-Is there = case on record where
a Judge Who WAS originally the choice
OF the bar practicing in that court, has
ever hcen impea ched?
IN consideration OF the fact that so
many judges In other states are being
charged with irTegrlarity ana pro
sses OF Impeachment are being prose
cuted. and in consideration Of the high
class OF men who have heretofore been
recommended by the Richmond bar
this time seem passing strange?
1t seems TO me. layman, that a
man htted for d judeeship should be
possessed OF qualities other than just
the lawyers who have for years
worked In the courts with such mate
rial are better judges OF who possesses
the qualities necessary 10 make n h!Bn
class Judge than any man or set OF
men VINO are only casually acquainted.
and whose opinion OF fitness Is based
upon no thorough analysis.
Appointment OF judges and the fan
gested the recall OF judges. we hear
so much about. and 1t seems to me that
the nomination Of the judiciary by the
men who know their every qualfca-
ton the men who best realize tho vital
necessity Of n pure and incorruptible
Judiciary. should appeal to every one
rs the most logical and very hest
method of establishing judiciary Of
where understand this system OF
nomination. so many years in vogue
here. had attracted attention. and that
other communities were contemplate
ing. and one city in Virginia had re-
Gently adopted the system. and even
out of this state this method was
highly commended
am sorry for Judge Richardson.
who IS an estimable man (and whom
his fellow associates Of the Richmond
bar would probably have nominated
had they known he wanted the post
iion). because tSc ethics of that asso-
citation OF which he has been 50 long
IN honored member. arc shattered by
his acceptance. There can no longer
be that cordially heretofore existing
between him and those whom he has
nonplusscd. or ut least helped the GOV
ernor to chaErin.
There are ground current rumblings
in this matter which may roach TO pps-
siblv the halls Of our next General AS
sembly. and who knows but from this
incident may evolve system of maxi
ing the manner OF selecting our judi
ciary moro satisfactory to the people
and the lawyers than the present oneY
Why not let the bar associations norni-
nate two OF three candidates and let
these be elected by the people?
(Signed) I.AYMAN
Richmond. August .. 1912
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-03

an other contributions TO tho above
heures and the net balance in our
favor after charging of the purchase
price and the expenditures for postal
and other government service. fools
up. it is claimed siloOoo.oOc. More
over. the work OF development Is stnl
in its infancy. tho task Of exploitat,o n.
with the assurance OF almost incaicul
able reward. has virtually Just begun.
Tho all in point provides Tor i
legislative body consisting OF one
house and composed Of sixteen NOM
bers. and limits the legislative ses-
s!ons 10 sixty days This is In con
sonance with the tendency to conccn-
'rate responsibility. Although the
measure does not. 1T is understood. so
as Ear as the Alaskans could VISA in
according seir-government. 1t is be-
lievod, and with convincing reason.
that 1t viii impair, tremendous impulse
not only TO further development and
utilization OF the territory's vast nat
ural RESOURCES. bai to colonization for
the purpose OF homc-making 1t can
not but be the beginning OF the omer-
gence of Alaska from the pioneer and
adven;ive and migratory period into
the period OF wide civilization and sta
biiity OF population. on which to found
one of the greatest wealthicst and
most prosperous states in the sister
hood. 1t lays the corncr-stone Of
..,,,,.-. u-,,..,-sf- ..,,.,,..,. ,,.hf.b
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-03

OF additional rates they can be OBJ
;ainod The burden OF proof Is by law
placed upon the carriers. and so far
they have been unable to bring forth
the necessary data.
President McCrea also fails to men
ton the largo economies in conduct
ms transportation which have been
made possible by the use OF heavier
locomotives and freight and coal cars
OF greater capacity. Neither does he
mention the probable increase in tranc
in the future or the growth in railroad
earnings. lie is also silent rs to tho
interlockins dlrectorates of steel man
ufacturing companies and the immense
expense thus imposed upon the rail-
roads By the necessity Of paying oxorbi-
tant prices lor steel rails cars aud en-
gues. From tho standpoint Of corpo-
ration finance however. the weakest
point in the argument of President Nc
rea is found in tho statement that the
railroads should be allowed. in order
to maintain their credit. to invest In
permanent improvements an amount
equal to the sum declared in dividends.
In other words. stockholders should
be granted liberal dividend and an
equivalens increment in property values.
This is in line with the practices Of the
railroads before 1907 when they were
stopped by the Interstate Commerce
Commission. of ooncealing earnings by
charging extensive improvements 10
operating expenses.
President McCrea's argument Is the
same as tt was two years ago in tho
advance rate cases. 1t was not then
accepted by the Interstate Commerce
Commission. As # is repeated at tho
present time, It has not gained any
convincing power.