The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1913-04-03

loath to assist the organizers of mo-
%nopolies in d~isposfng of wateged
stock. To him there was notHing
wrong about capitalizing the business
of the future and then %discuunting
the future by fastening upon cor
porations the obligation IL earn re-
turns upon this fictitious capital. He
was personally responsible for more
immoral promotion profits than per
haps all other bankers in New York
City. But. whatever the morality of
his record, it has been one uninter-
rupted financial success. 1t is not
recalled that he ever ssood sponsor
for an Industrial failure. No doubt
that, TO his mind. ended his respon-
sibility.
With the death list from the Ohio
and Indiana floods reduced to less
than 700 and the property loss pos
sibly to $4,000, 900, the disaster
still remains the most costly one of
its kind. in life and property, ever
known in the United States. The
t1nnIo Nat. dino In "a ~ ln,tIn,, rn1l
of rain. coming at IA time when
streams were already swollen and the
ground was already saturated. Ma
aure's drainage system consists of
creeks and rivers. These streams are
not able to handle any very large
volume of flood waters, but usually
they pass through broad valleys that
can accommodate almost any amount
OF floods. Maj has undertaken to say
that the creeks and rivers should
handle the floods without calling
upon the surrounding valleys for as
sistance. In many cases levees have
added to the capacity of the regular
streams, but before such "A volume
OF water as that which fell upon In
diana and Ohio the capacity of the
streams themselves was entirely in
adequate. The trouble in its final
analysis is that people have expected
too much of the rivers and creeks.
&2sS@
Dir. Sun Vat Sen, one of the heroes
of the new Chinese republic, has been
given the most enthusiastic kind OF
Il reception in Tokio, the capital OF
Japan. To judge from the manner in
which he has been acclaimed there,
one might think him one of the pop
ular Japanese leaders. The unusual
friendship manifested toward him is
construed as meaning that Japan and
China are sure to form some sort OF
an alliance. Heretofore the two peo-
pies have been uniformity Jealous
and hostile, Notwithstanding theil
racial relationship. Once allow then
to form an offensive and defensive
union, and China will not care sc
much about what the Powers ma,
think of her future.
The Sioux Falls Argus-Leader can.
not understand why The Republican
simply because it didn't desert The
republican ticket last fall. 1t is no,
very surprising. though, that our
esteemed neighbor should not be
able to understand a newspaper tina,
would not follow the rule of tying
itself to some faction and then swear
ing that everything done by this fac.
ton is pure and noble. and thai
everything done by another faction
is impure and de%spicable.
s->s<M
Mayor Gaynor is introducing quite
a reform in New York City by re-
quiring the saloons to close at ]
O'Clock. And it is a fair CUES tina,
"A lot of hangers-on think that jus,
as unreasonable as the 8 O'Clock clos
ing is considered by the same class
in this state. There is no time in an
insane appetite.
->s<-@
The liberal amount of advice given
the voters of the city on the subject
rs tI.n ,,, ,;n,~ ,I a, &, ,. ltl,,AA ,.,oi,.