Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-06-20
nY rnE Associated PRESS.

COPENHAGEN, June 20.-Ole Ole
5en. a Danish millionaire, today I'M
tertook to finance a new North Pole
sSpedition under the command of
Knud Rasmussen the Danish eN-
: The expedition probably will start
Tor the North next summer and will
Il orovisioned for two years Al pos
H,hble modern appliances are to be
Crowded and Rasmussen is to have
s4taff Of scientists with him. He will
aistablish his base at Cape York,
IL PARIS. June eo.-Simon ". strauss
reSf Chicago. the president OF the
Society for Thrift has jusI
FINISHED several months of inquiry n
Pho continent into the origins of eco
sSmy among European peoples.
Il should say that a French family
iran ike off of what an American
IStamifv wastes, said Mr.. Strau5.
|ef'The principal reason, of course is
lin habit of mind, in a way OF look
l"ng upon the relative values Of
bsficient living as compared with in
f2ficient and Wasteful living. one
onay be as extravagant with a dollar
sss with a million
Now. the self denial of the French
an food and III other necessities of NV
nlng often Is carried into what
ashould consider excess, but there IS
thoughtful, lnlelhgent
'+fhrift in the French household which
to the happiness and
& we'll being of every member. L .
lphat sort OF thrift which l should
ike to see cultivated in American
..eamilies-a careful adjustment. &C
NAtording to d thought-out plan OF the
s domestic budget. so much tor rent,
! food, clothing, education. the doWfE
) bf the daughter, the amusemepts uL
.severy member Of the family. the pro-
fision for emergencies and Old age.
y .sWhen scheme OF expenditure IS
adopted in the French home-and
LIVERY French home, it is said, Is d
Northumberland carried out, every
stem of expenditure can be made WIN
fha certain contentment or even JOY be
nsause il is known to be harmonious
sIeiatjon with the Whole. This makes
( FRENCH amusements 50 thoFoughiE
fhnioyed because there Is no Keeling OF
Extravaganza on the part of those
yamusing themselves. They take
efheir amusemeuts, and what might
Vac Ia the observer indulgences, hap
ll5ilv and without inward sense OF dis
aeomfort and wrongdoing, because
VI hese expenses fit into the rational
cscale Of living which has bee.l
iisvrougbt out earnestly and ration
cally. ,--...,
81 dThe French people are wonderful
bhoarders. They seem to keep thelf
Bavings hidden at home more than on
oaeposlt at banks A bond issue OF
i nTTa NJ
,Asredit Institutions is usually taken up
lgxithout affecting to any great extent
b.he deposits in the great banks. Per
sons evidently Of the lower middle
tand lower classes will often stay az
might in front of the office OF issue IN
aline for an early opportunity to buy
"a $50 bond. Often several members
apf a family will unite to buy lo%
denomination bond. The holders 81
asuch securities change their point OF
sSiew. they look upon life differently.
aupon social institutions differently
swhen they have even a small Interest,"
an the government or one Of the great
Z tIldustrial or business companies. l
Sthink we in America ought to insist
Fan states and cities issuing their
Hhonds for public subscription in small
denominations, instead OF selllnS
Them in great blocks to persons who
Resell them TO the public at a proilt.
7 Events in Mexico are followed with |
an almost painful interest by French
Nsnvestors because hundreds of mil
ahions Of dollars in French money have
Fbeen sent to Mexico. soma indlca-
ation Of the enormous losses suffered
fbv French finance on account of the
Atroubles in Mexico may be found in
tomparing the present values of
sshares in Mexican banks. which are
s1argelv held In France. Thus:
May
1910. 1914.
National Bank of MeSico 1,245 1919
Bank of London and
: Mexico ................--. ~ III
VCentral Mexican Bank. 5li 80. %
!. The principal cause for the criti-
ttisms Of the French press of the pol
'hcy followed by the American govern
-fnent toward General iIuerta is in the
-enorrnous losses which French inVes-
ftors have had on account Of the dis
korder in Mexico. The idea was ac-
kcepted more than a year ago that if
kihe United States should recognize
N'fiuerta he would be able to pacify the
Ecountry. The United States is there