Arizona republican., 1914-04-05

and partly in bullion. in addition to enormous quantities of silver. It all goes into the country, but very little ever comes out. Lord Rothschild noticed that none of the smooth gold bars sent to India from this country ever came back. What happens to this great stream of precious metal. which continuously disappears like those rivers in desert lands which lose themselves underground?
 The testimony of experts is con flicting Some say it is hoarded. while few are ready to prove by a formidable array of statistics that it cannot be extensively hoarded. Those who believe that India pos sesses vast store of hoarded trea- sure make the widest guesses at it's probable total. The most popu- lar estimate of the hoardcd wealth of India puts the total at S1,500- 10000, which would amount to S5 per head of the population; but some credible estimates are far higher. The experts quarrel. again, about the probable effect of India's absorption of gold upon the worlds money mar kets and the prices of commodities Some say that all gold using coun- tries benefit thereby while others. such as Sir Edward Holden, appear to hold that the drain of gold to India" is potential menace. The commission, while declining to en- dorse either of these mutually des- tructive contentious. has declared in effect that an increased use of gold in India should not in future be en- cOuragcd by the government. but In- dia already seems disposed to resent this recommendation
 A recent visitor from South Africa says-"The uncompromising commer- cial honesty of London is the most astonishing thing I know. It is more astonishing even than the British museum; more beautiful and admir- able than London's parks. horses. and female beauty. Sleek and strong and gentle and intelligent are the horses: wonderful are the huge parks. wedg- cd in among the men; beautiful are the women. But LondOn's honesty is greater than all of these
 T wonder if the people here ever realize how honest they really are? Probably it is to them the most na- tural thing in the world to see that tEe other man gets first what he pays for and then the full amount of his change. But strangers like myself appreciate the honesty with which we find ourselves surrounded and after a while come to realize that what at first seems brusqueness or even discourtesy is only part Of the general scheme of uncOmpromis- ing honesty. The Londoner will not stoop to flatter his man in order later on to rob him. Indeed. he is often so abrupt that polished people like the French think him rude and his methods those of the take it. or leave-it order.
 But at the back of it all is the sturdy pride and honesty of the Lon don tradesman, who seem to fear
 
 taken for the diplomacy of the dis honest In all I have lived here eight months. which is perhaps a short time. But there are only two ways to write of a town or country when born in it and steeped in it's life and traditions, and when new to it. The man who spends ten
 
 only succeeds in losing the freshness of his impressions without gaining any more the soul and insight of the native.
 London is amazingly, uncannily honest. It is not by the thieves and tricksters of a country that We can judge it but by the dead level of busy life here l have had the strange experience of
 1 Never once being robbed.
 Never once being overcharged. Never once being given short change.
 Never once being supplied with ar article inferior to what I expected. | The question. How can freights | be raiSed?" is always an interesting i one to shipowners, and a deeply in- teresting and significant controversy i is now being waged round the reply to the question given by MT. William l Noble, head of the Cairn line oi steamships. and chairman of the 1 body of shipowners associated to- gether as "The Baltic and White Ses i Conference"
 l Mir. Noble's argument is: Freights