davidaulloa/AmericanStories huggingface dataset:
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
sTEELToN CHURCHES

St. Marks Lutheran-The Rev. W.
b. Smith, pastor, will preach at 1920,
The Heavenly Life Viewed From
Earth and at 7:30. a mission pro-
gram by the children; Sunday School,
2; c. E.. 6:45.
First Presbyterian-The Rev. c. B.
Segelken, pastor. will preach at IL.
retrospect and Prospect and at
1880, Presbyterian Principles; Sun
day School, 9:45: c. F., $40.
Main Street Church OF God-The
Rev. G. w. Getz. pastor will preach
at 1890, Failure and Prayer and
at 1880. "Redeeming the Times" f.:
Sunday School. .; Jr. c. E., 6; Sr.
c. E.. $50.
Centenary United Brethren-The
Rev y. h. Wier, pastor will preach
at 10, and 7:30, the Rev. G.. d. Got
wald will preach; Sunday School, 2;
G. e. $3.50.
First Methodist-The Rev. w. C.
Sanderson. pastor, will preach at 1890
and 1880. immigration. IFS Perils. Its
Opportunities" Sunday School. 9:
singing by Harry Wagner and Mrs.
Frank Smiley: Epworth League. $40.
st. Johns Lutheran-The Rev. G.. n.
Lauffer. pastor. At 1890. Governor
Martin G. Brumbaugh will speak on
Martin Luther; Sunday School. 2:
c. f., $40: 1870. AN ADEQUATE De
fense For the Life
First Reformed-The Rev. c. 4.
Huyette. pastor. will preach at 1O:45.
The Task of the Modern Church" and
at 1880. Lessons From the Life of
Joseph; Sunday School. 9:45. Home
Mission service; evening sermon illus
trated.
Grace United Evangelical-'The Rev.
j. Nj. Shoop, pastor. Rally Day; SER
mon by Bishop Hartzler at 1880:
Sunday School, 9:15: X. l.. c. E.. 6:45.
Salem Lutheran. Oberlin-The Rev.
Daniel E. Rupley. pastor. will preach
at 1880, He Laid His Hands on
Them" and 1880. Burden Fearing. /.
Sunday School. $50; c. f.. $50.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
BIRTHDAY PARTY

a pretty birthday party was given
Thursday by Mr.. and Mrs. Reist, In
honor of the birthday of their son,
Frank Reist. Refreshments We're
served to the following guests:
Miss Kathryn Slesser. Chester
PRESLEY, Miss Agnes Lesser. Henry
Johnson, Miss Daisy Presley, Russell
Johnson, Miss Emma Reist, Walter
Freeburn. Miss Elizabeth Feirick, Paul
Freeburn. Miss Mildred Mineor. Rus
sci Karstetter. Buelah Arnold, Will
liam Reist, Miss Rosana Arnold, John
Hager, Miss Estella Reist, FIR, nix
Reist, Margaret Funk. Charles Feirick,
Miss Pauline Hummel, of Elizabeth
Vile; Elizabeth Day, Lillian Reist,
Martha Reist, May Reist, John Reist,
Irwin Reist and Mrs. Chester Pike.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
SHOWER FOR BRIDE.TO-RE

complimentary to Miss Mary Muir
ply. whose marriage to William p
Norris Will be an event of the near
future, linen shower was held AT her
home. 5O2 North Second street on
Wednesday evening. Those present
were Miss Gertrude Farriday. Miss
Mary Fogarty. Miss Frances Reed
Miss Alice Doyle. Miss Mary DOYLE. OF
Harrisburg; Miss Magdalen Glaser,
Miss Claire Gerhards. Miss Gertrnda
shannon. Miss Catherine Crowley. Miss
Mary Wieger. Miss Agnes Wieger' Miss
Mary Murphy, Miss Bridget Noonan
Miss Marie Gerhards. Miss Mary Lud,
wig, Miss Dora Murphy. Miss Driscon
of Iykens
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13

Harrisburg members of the
Central Pennsylvania AS
sociation of Life Under
writer's.
CONNECTICUT MUTUAL LIFE ms.
COMPANY
V. w. Kenney
EQUITABLE LIFE ASSURANCE
SOCIETY
]. IT. Shirley
J. r. Rote
c. II. Higgins
Chas. Adler
{. o. Jones
EQUITABLE LIFE ms. co.
OF IOWA
]. c. Johnson
P. b. Rice
JOHN HANCOCK MUTUAL LIFE
ms. co.
W. S. Essick
w. II. Hoover
J. b. MetZger
MASSACHUSETTS MUTUAL LIFE
ms. co.
W. H. Cordry
METROPOLITAN LIFE ms. co.
John Heathcote
II. ID. Sollenberger
r. F. Baker
MUTUAL LIFE ms. co. OF
NEW YORK
w. c. Wanbaugh
w. II. Eby, Jr.
Stanley G. Backenstoss
II. E. vanHaagen
NATIONAL LIFE ms. co.
OF VERMONT
W. II. Cummings
NEW ENGLAND MUTUAL LIFE
ms. co.
A. a. Vert
NEW YORK LIFE ms. co.
G. NJ. Spangler
w. 3. Bennett
NORTHWESTERN MUTUAL LIFE
ms. co.
F. L. Wright
PENN MUTUAL LIFE ms. co.
E. r. Eckenrode
Isaac Miller
PHOENIX MUTUAL LIFE ms. co.
]. r. Morrison
w. E. Dietrich
PRUDENTIAL LIFE ms. co.
w. II. Bushnell
STATE MUTUAL LIFE ASSURANCE
COMPANY
c. e. Dasher
UNION CENTRAL LIFE ms. co.
e. r. Miller
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
CLIPPINGER TO DIRECT MUSIC

Charles +. Clippinger. director of
the Harrisburg Evangelistic Chorus
who was chairman of the music COM
mittee of the Slough campaign in Har-
risburg last year. has been chosen to
direct the music for the evangelistic
campaign to be conducted in Middle
town during January. All the Protest
ant churches will participate and a
chorus of 500 voices will be organized
to furnish the music.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
Complete Protection.

G This is addressed to you, MIR. Thinker.
G Always, to you the welfare of your family is of
paramount Importance.
G You carry life insurance for their benefit You
make certain sacrifice every year pay the premiums.
But you do cheerfuy because you want to protect
your loved ones.
q Theirs is precarious dependence resting upon
single lfe-yours. You take just pride in providing
for them in case you meet death untimely. But, are
they really protected?
They are not unless you have at least part of your
life insurance payable to them in instalments. Think
a minute! Your observation in the past tells you i'm
medatey that for many dangerous to leave
all your insura. In lump sum to your beneHciares.
You add tremendously to their responsibilities when
you do this. You don't need to do it and you should
not do it.
G The Monthly Income provision is the best legacy
you can leave them. 1t can be attached to any part
of your present insurance smp by means of rider"
which your company will be glad to furnish free.
G This plan is scientific and admits of no chance of loss
I5S> IL dissipation of the principal
M &A q We urge upon you to look into the
~ q This modern plan insures your insur-
;sF' f'"""" q 1t is the form of complete protection
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
GOVERNOR SPEAKS roMoRRow

Arrangements have been completed
for to-morrow's services in st. Johns
Lutheran church when Governor
Brumbaugh will speak. The musico !
program has been completed. II fol-
lows: Organ voluntary; anthem. .'The
Pilgrims of the Night" with soprano
solo by Mrs. L. B. Roth and tenor solo
by NJ. r. Alleman; hymn, "All Hail
the Power of Jesus Name: hymn.
Elm Feste Burg" the Martin Luther
hymn; anthem, Great and Marvel
Gus oy Turner; hymn, America, -
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
HIGHsPIRE CHURCHES

United Brethren-The Rev. II. F.
Rhoad. 10:45. THE Missionary Mo-
tive; 7:30, the Woman's Missionary
Society will have charge of the serv-
ice; Mrs. Fl. NJ. Miller, of Elizabeth
vile; viii give the address; Y. p. S
ST. Peters Lutheran-The Rev.
Frank Edward Meyer Preaching at
1915 and 1880; Sunday School, $3.50;
no sermon to children Sunday at
10:45; c. f.. GAS, Friday; Jr. class,
4; Sr. class. Z.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
SteeIton Snapshots

Squire About.-After a few days
illness, Squire James Dickinson was
again at his office this morning.
To Preach at Centenary.-The Rev.
G. D. Gotwald, of Washington. will
prea n in Centenary United Brethren
church tomorrow evening.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
FoRTNIGHTLY CLUB TO MEET

The Fortnightly Club will meet at
the home of Miss Nora Grouse, at Dau-
phin. this evening. Members will take
the 7.15 train from Harrisburg. The
program: Psalm /: THE Story of Jo-
seph." Miss Kistler. Miss Hottenstein
and Mrs. William r. Boyd; Egypt in
Joseph's Time" Miss Ellen McGinnes;
poems. Miss White: questions.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
RODGERS-NIARKS 6

William Richard Rodgers. 1927 Pax
ton street, Harrisburg. and Miss Anna,
c. Marks. 1873 Lincoln street we're
quietly married at o'clock last even
ing in the parsonage of Centenary
United Brethren church, South Second
street, by the Rev. A. K wier, the
pastor.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
RIG DEALERs JOIN KIN(.

The various automobile trade papers
are reporting lately the addition to
the King Motor Car Companys selling
family some of the largest automobile
dealers in the country. Comment gem
orally is to the effect that the an
nouncement of a five passenger eight
cylinder King at $3.50. struck a medl-
um for dealers that the successful au-
tomobiIe merchants have been looking
for.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
LECTURE ON WORLD TRIP

An illustrated lecture on Mrs.
Montgomery Trip Around the World"
will be given in st. Peters Lutheran
church. Highspire. Monday evening at
o'clock, by Mrs. William Rutherford,
of PhiladeIphia
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13

sermon, Blessed Hunger; Christian
Endeavor, $3.50; evening service, 1880,
subject of sermon, Daniels Pur-
pose"
Royalton United Brethren. = The
Rev. William Beach, pastor; praise
service, 9:15; morning service, 1915;
Sunday school, 1880; Christian En-
deavor, 6:15: evening service, 1915;
prayer meeting, Wednesday evening,
1880; Mems meeting Friday evening,
1890
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
UNDER 81 100 Bail

In default of 2.400 bail; Maurice
WOltz, the gunman who attempted to
shoot Squire Gardner and two Steelton
men last Tuesday. was sent to Jail to
await a trial after a hearing before
Squire Gardner yesterday afternoon.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
HGHsPIRE CHURCHES

United Brethren-The Rev. II. F.
Rhoad. 1915. THE Missionary Mo-
tive;" 7.30. the Womans Missionary
Society will have charge of the serv-
ice; Mrs. Fl. M. Miller. of Elizabeth
vile, will give the address; Christian
Endeavor. $50.
ST. Peters Lutheran - The Rev.
Frank Edward Meyer. 1916 and 7.3O:
Sunday school $50. No sermon to
children Sunday at 1916; intermediate
and senoir Christian Endeavor, 6.45.
Friday. Junior class. 4 senior class, z.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13

and four children, Ross and Charles
Gaul, Mrs. c.. r. Knoll, this city, and
Mrs. Brubaker, of Williamsport.
Funeral services will be held at the
home Monday afternoon at 2 o'clock.
the Rev. George n. Lauffer, pastor of
st. Johns Lutheran Church. officiating.
Burial will be made at PaXtang Gene
terry
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
HAS FINGERS CRUSHED

Miss Alice Garman. of Catherine
street. had two fingers of her right
hand caught in a. buttonhole machine
at the kreider shoe factory Thursday
and painfully injured. DR.. William
Evans dressed the injury.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
~HIGHSPIRE 80
LECTURE ON WORLDS TRIP

An illustrated lecture on Mrs.
Montgomery's Trip Around the World"
will be given in st. Peters Lutheran
Church, Highspire. Monday evening at
O'Clock by Mrs. William Rutherford,
of Philadelphia.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
MIDDLETOwN PERSONALS

Earl Klinger. of Lancaster. is visit
ing his parents in West Water street.
Mrs. John F. Good, of Catherine
street. is ill.,
Mr. and Mrs. John Collins of Bain-
bridge. are spending a few days in
town, the guests of relatives.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
TO SPEAK ON TEMPERANCE

II. II. Shenk. of Lebanon Valley Col
lege. will address the United Brethren
Church at Oberliu tomorrow morning
at Q o'clock on Temperance"
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
GEORGE ID. GAUL. FARM
SUPERINTENDENT. DIES

George ID. Gaul. superintendent of
the Cameron farms. died suddenly at
his home in Lochiel last evening when
he returned from q business trip i'm
this city. He is survived by his wife
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
POPULATION GOES
HIGHER IN STATE
Big Increase Noted in Vital
Statistics Report For Every
Month This Year

Pennsyl V a n i as
birth rate has been
running anywhere
from 5000 to TO-
QUO per month
higher than the
death rate since the
beginning of the
year according to
the reports of vital
and mortuary sta
tistics received by
State Commissioner
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
The Greatest
Medical Authorities
in the World have

made public statements in
which they endorse the value
of such ingredients as are
contained in Father Johns
Medicine.
These great physicians say in
substance, that these ingredients
ARE beneficial notably in wasting
diseases and those maladies which
are connected with or have their
origin in colds and in debilitatins
and wasting diseases"
To detail here the statements of
these various authorities would
require too much space, but if
you desire to see these statements
in more complete form, write to
Father Johns Medicine, Lowell,
Mass, and we will be glad to
give the names of the authori.
ties quoted, with brief excerpts
from their public statements.
Father Johns Medicine is a pure
and wholesome body builder, con-
tains no alcohol or dangerous
drugs. Best for throat and lungs.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13

druggist about IL. Croll Keller, G. A.
Gorgas always carry it in stock
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
The WEATHER
CONDITIONS


Since yesterday morning there were
scattered shoyers in the middle West.
middle Mississippi valley. and Ohio
and Tennessee valleys, but the wealth.
er Is generally fair this morning east
OF the Plains states. with the pressures
nearly uniform.
The pressures are low over the mid.
die Plateau region. preceded By con
siderable cloudiness and unsettled con
diuons over the Northwest and middle
West
The temperatures remain near the
seasonal average In most sections.
Tbs conditions are favorable for
generally fair weather in this section
tonight and Wednesday. without much
change in temperature
Local data. Highest temperature
yesterday. 81 degrees: lowest last
night % degrees. trace OF rain.
RIVERS.
Tho Ohio In the district will fan 10.
night.and Wednesday.
-. &. HOWE.
Section Director.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14

ism in Germany and Austria and
kindle the light Of freedom-with
equal human rights-in Russia But
he adds this distressing picture OF
the woes OF his people:
Not yet IL there any abatement OF
Russian prosecutions. nor any change
In the legal status. nor any removal
OF disabilities. Again thousands OF
Jews have been compelled TO take up
the stan OF the wanderer. expelled
from their homes and native villages.
the aged and the infrm. and mothers
with unborn babes facing starvation
and the danger OF death.
The outrageous inhumanities have
stirred even a George Brandies TO the
Indictment OF Poland. In the forum OF
nations. and Israel Zangwill pro-
claims Polish Jews are living through
one OF the greatest tragedies in his
tory"
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
THE CITY MANAGER PLAN

tFrom The Pittsburgh Gazette-Times)
Styles in city government change
almost as frequently as womon's
fashions. The commission plan. even
with all the added frills and founces
imposed on the original Galveston and
)es Moines patterns. Is now passe
The city manager now has the call
little over Two years ago Sumter
:. C, decided TO turn over the admin
istrton OF its affairs TO a single OIL
cial who should conduct them as II
he were the sole responsible manager
or big business enterprise Now
score OF towns and cities have the
scheme in operation and FIVE others
among them Wheeling. W Va. will
institute II at future date already
decided upon. n is. perhaps. moro
properly called the commits sion mana
ger plan. for there Is generally a com
mission Of five or seven members who
have been elected by the people. and
they select the manager. and in some
instances make other appointments
as well. In Dayton. O. the commits
sion appoints the city clerk In
Springfield. o. n chooses the city
solicitor. auditor. treasurer. purchas-
ing agent. sinking fund commissioner
and civil service commssin. as wei
as the city manager. This is radio
al departure from the original idea
end deprives the manager OF the au-
thority which should be commensu-
rate with his responsibility. The es-
sence 81 the scheme Is that the mana
ger shall be supreme. with power TO
hire and fire. The Springfield plan
departs from this principle 81 pri-I
waite business. The city manager Of
Dayton Is subject TO popular recall
most pernicious feature 40 mat
ter how faithful or efficient his serv-
Ice. q snap vote can frc him from
his job ~ any time. Friends %
disRruntled subordinate can 40 least
rot up q recall petition and harry and
'mbarrass the chief Official In the
Performance Of his duties
Originally the city manarer was 20
be entrusted with full authority 10
administer the municipality affairs
with practically no Interference dur.
ing the term Of his contract but Isl
tie hy little modification have been
introduced which have entirely
changed the nature Of bis position
students Of municipal government
ould have liked 90 see n more con
tirucd experiment with tho piones'
plan In ifs present form the OF .
manager scheme holds out little hope
of heinz any improvement on the
Ftrairht commission scheme or the
small council with mayor Certainly
DO docs not seem sdautod to fhr iarEe
.'fy with ifa manifold departments.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
A GRAVE SITUATION

4 Notwithstanding the realizing OF the
kravity Of the situation between this
|fountry and Germany by Washing ton.
there should be no despair while
|tnere IL hope Unquestionahly Ber.
Pm has made IL harder for this gov
|rirment to prevent war without a
|u'shonorable peace. but The InteIli-
sencer. nevertheless. feels that the
|sserman government will yet eoncede
|the vital contentious which the United
States. under the circumstances. can
mot avoid insisting upon. Keeping
sweet and cool under the tension that
has been forced upon us IL the i'm
|portant thing at this time. and lesv-
ing the solution OF the difficulty in
the hands Of those who have its adju-
Ovation under consideration.
II is significant that the adminlstra-
ton Is alive TO the possibilities OF the
Outcome. evidenced in the acceptance
|of the invitation of Secretary Daniels
Extended to the great inventor Thorn
as A. Edison TO head the new bureau
TO be created by the Navy Depart
ment. This Il. without doubt. a pa
triotic sacrifice on the part OF Edison.
which Is In marked contrast with
those naval oficers who have been
seeking release from service. owing
TO the inducement of larger financial
returns from private corporations en-
gagged In furnishing munitions to the
European belligerents. The engage
ment OF the genius OF the great in
sentor must not be taken as an alarm
Ing sign Of the prospect of war. but
as an exhibition of that forehanded.
ness which aims At preparation
that Is most likely TO discourage the
making OF war on this country.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
A REMARKABLE RECORD

In the local columns Of this Issue
Is noted the hftieth anniversary OF
Mr. q. o. Quimby's continuous bust
ness career IN this city II r. a long
span of activity. and The Intelligen.
oer doubts n any other living citizen
can show a record equal 20 that OF the
popular newsdealer There are some
living who have been in actual bust
ness ante-datinE Mr. Qmmbys advent.
but none that We know Of who are
ftill personally conducting their bust.
ness for the same number % years.
In bic time Mr. Qufmby has Wit.
messed the disappearance Of many 81
the pioneer mercantile establishments
Of Wheeling and the passing Of old
family names that once formed the
firm slgns ~ the earliest business
houses. tie has also been a witness
10 the remarkable physical and arehi-
terturai changes Wheeling has under.
zone In the half century Of his resi-
dence with us 10 r. a remarkable
record that Mr. QuImby has 70 his
credit and The fntelllFencer hopes
that many years may be- added 10 e.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
BARRIER OF PROTECTION

DUN some ill-adNised Democratic
optimists are rejoicing over our cum
bersome balance of trade as the ad.
vent of new prosperity under the
free trade policies of the present ad-
ministration. and that any existing
depression here and there in this
country Is and was due TO the war.
Other Democratic newspapers &C.
knowledge the salvation of the war
that saved this country from greater
commercial and industrial disaster
than existed last August. but many
blindiy maintain fealty to the Tn
eerwood bill worthy of better cause
Last July the bonded warehouses
OF New York and the Atlantic sea.
board we're bursting with all sorts OF
importations. articles that could have
been made In this country. but made
cheaper abroad and sent here in for.
eign-owned ships. and we're the
means OF closing numberless facto-
ries and mills. while others we're
working half or quarter time. Nearly
everything We use in every day life.
from matches to mufhers. was
marked Made in Germany" or Made
In Norway" or England or France.
II that had gone on much longer what
would have become Of the worker in
the mills, the manufacturer. the Ia.
boring citizen Of America?
Is II any wonder Germany and Eng
land and France could thrive CONNER
c'ally. with their own vessels 10 carry
their own products to the markets Of
the world? For they paid their labor
less than half the American working
man receives. The formers life. and
that Of his family. was mean and com
fortless In comparison with the life
OF his well-paid American brother.
I'ut the time was coming when the
American worker could not BE- paid
Tor his employer could not compete
With tho seller from across the seas
The sudden breaking out Of the war
faised barrier In our favor. Il
faved us from imminent disaster. u
should not aFain be cast down.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-07-14
GREAT FOREIGN HOLDINGS

President Loree. OF the Delaware
& Hudson Railroad. received in an
swer to inquiries sent TO all railroads
I'm the United States above one hun
dred miles in length. replies indicat-
ing that at about the FIRST OF the pres
ent year there were. approximately.
s2.576.OOO. 900 OF American railroad Sc
curitles held abroad. According 20
the developments OF this investiga-
tion. the total amount OF foreign hold
ings is only about half that estimated
by some bankers at the beginning OF
the European war, which shows that
the early estimates we're entirely too
high.
The Railway Age. commenting on
this statement. points out that when
James J. Hill. some years ago esti-
mated the needs OF American rail-
roads for new capital at over a billion
a year. his estimate was criticised by
Congressman and others. with no
knowledge of the facts. as absurdly
high. Time has proved that this esti-
mate was not far from the mark. hut
X must be remembered that European
Investors have during the past years
Helped to absorb a part OF these Sc
curities. II. however. the present CO
pacity OF American investors is 81
OOo. 100000 a year for railroad securi-
ties. 1t would take two and one-hslf
years for this market 10 take back
from Europe the European holdings.
oven II no new capital was provided
for railroad purposes for the ertire
two and one-half years. The import
snce Of the fact. asserts the Age.
cannot be over-estimated. Squarely
facing the fact. II is not depreciating
the value Of American railroad secur-
tiles as an investment for moment.
Money invested in these securities
will be employed in the production Of
wealth. whereas money invested in
war loans Of the European govern
ments IS employed In the destruction
Of wealth. Since money. however. Is
going 70 seek investment that will
give II the highest interest return
commensurate with a certain degree
Of safety. the possible aggregate OF
securities which may come onto this
market. a. shown by the European
holdings OF American railroad securi-
ties r. impressive