The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1914-09-10

The University of Michigan receiv-
igan Agricultural receives one-tenth.
Both institutions benefit as a result
in the increase in the equalized valu-
alton over the 1911 figures. One rea-
son advanced by the state boardS OF
equalization for not accepting the tax
commissions figures of $3,324,5OO,-
| S25 was the fact that money received
| by NJ. A. c. and u. OF M. would have
been increased far beyond the intent
of the state legislature.
While the European war is increas-
ing crop prices in the state, there is
also likelihood. according to author
tiles at the Michigan Agricultural col
! lege. that it will increase the cost of
producing crops In the opinion of
| Dean r. S. Shaw, head of the depart
ment of agriculture at NJ. A. c., the
mar will very probably cause a short
age OF farm laborers.
"Michigan's farm hands are largely
recruited from the immigrants, who
up to this time have been arriving at
our shores" stated Dean Shaw, but
now that immigration has ceased, the
labor market, as far as the Michigan
| farmer is concerned, has been prac-
tically closed.
"Of course there appears to be
many idle men in the cities, but as a
! general rule the city-bred man, when
/ he is out of job, prefers standing on
the street corners to going out on the
! farm.
I'm the long run, however" the dean
concluded. the war may swell our
supply of farm laborers, for when the
was is over, millions of European
workmen will leave the continent at
the earliest opportunity. They will
come here willing to do any kind of
work and the farmer, accordingly, will
get a chance to profit thereby"
All new students entering the Mich
/ igan Agricultural college this fall will
be required to have had high school
education, or its equivalent, before
/ they will be admitted This ruling,
which was adopted by the state board
Of agriculture some months ago, will
become effective on September %.
! 1t means the adjustment of the prep
aratory course at the East Lansing in
stitution and incidentally lifts the col
! lege up several notches in it's ranking
among American schools of higher
education.
Some protest against doing away
with the preparatory course was made
at the time the rule was adopted, but
these complaints simmered down to
nothing when it was explained that
the subjects taught in the prep"
course at M. A. c. can be had in any
high school in the state.
The Pere Marquette railroad is now
operating on a paying basis. While
perhaps the earnings would hardly
pay a dividend, they are at present
paying for the roads upkeep. This
has brought the lines credit to a
fairly high standard and since the is
suance of receivers certificate to pay
the S2,000000 receivers debts. when
Paul II. King was appointed receiver
the road has been paying cash for
everything.
The August report OF the receivers.
issued by Mr.. King, is perhaps the
most favorable since the road went
into the hands of receivers. When
Mr.. King was appointed, a new era
for the broad dawned All old debts
of the receivers were provided for
in the certificates ordered issued All
debts incurred from that time on
were to be paid in cash. II was then
decided to set aside 80 per cent of the
earnings for operating expenses. Last
month only 76 ga per cent was need
ed. This amount included deprecia-
ton figures. Twenty per cent to be
used for the upkeep of the equipment.
The policy of paying cash is stimu-
lating the acceptance of orders by
material men, and more satisfactory
terms are obtainable, Notwithstanding
the fact that the old accounts cannot
600 could not be obtained on the is
suance OF series A. certificates. Only
100000 could be held, which gave
the creditors Is per cent in cash.
Many of them are accepting the bal
ance in certificates of per cent.
The earnings of the road, it is fig.
ured, will increase 5000, 900 year un-
der the new freight rates fixed by the
interstate commerce commission. Had
all of the concessions asked been
granted 1t is believed returns would
have grown 100000 per annum.
There was a balance of $3,231,-
949.54 in the general fund OF the state
treasurer, September /, according TO
the monthly report of State Treasurer
Haarer.
A thorough-going investigation of
the Japanese colonization scheme for