Newell reclamation news. [volume] (Newell, Butte County, S.D.) 1910-19??, 1917-12-13
The congregational Bazaar will be held wednesday.
Tho Increasing activity Of her rs.l.


Tho increasing activity Of her rk!l.
way system lis similarly deslonstrat-
able. LII 1864. there were Ia France
lO.743 miles of railway track; in 1912,
there were 3l546 miles.
Between 1869 and 1912, inland navi-
CATION increased l50 per cent; while
the traffic Of her mercantile marine
nas amazingly expanded. The tonnage
entering French ports In 1869 Is set
down as 100000 tons. III I9l.
this had been increased to 53.000.00O
tons.
Leaders In American finance ascrihe
this solidarity Of the French republic
to three influences; first, thoroughly
sound banking system, centralized In
one Of the greatest banking institutions
Of the world. the Bank Of France; SER
ond. the ingrained thrift and frugaliry
Of the French people as whole, to-
getflef with national economic vigOr
not elsewhere surpassed; third. wise
supervision, and patriotic cooperation
by the government with banking and
business interests.
The government does its part to war.
rant and retain the confidence of the
holders of its securities. One Of Its
wise policies is to impose new taxes to
defray the interest charges on new Sc
curity issues. 1t began this practice
after the Franco-Prussian war; and Is
today following the same rule in regard
10 securities issued to finance the pres.
ent conflict. This continuity of pur-
pose. doubtless. win prove reassuring
to all holders Of French government
securities.
THE Franco-prussian war Of 1870
1871 taught the French people the
meaning Of thrift and economy. So
well did they learn this lesson. that
thu whole sum OF the indemnity de
minded by Germany. $1,000, 900 900,
was raised within the republics con.
fines by its own Inhabitants and paid
OFF more than one year before the time
stipulated by the Germans.
The hnbit thus acquired has never
been forgotten by the French. and to-
day the aggregate number Of investors
purchasing the French war loans has
reached the amazing total Of 4,500, 600
Individual subscribers Perhaps no 9TH
er country, in proportion to its popula.
lion. can make so good showing.
France is particularly fortunate In
that her small investors prefer safe
investments rather than offerings
which promise high returns. Govern
ment rentes, In France are perpetu
al, and this characteristic seems to oh.
tain for these government bonds In
creasing favor In the eyes Of the
French people.
The points of sympathy betweeA
France and America are too many to
enumerate, but the spirit OF liberty and
its resultant democracy are. today az
always, the major ideals of both ma.
tions. Seeking no victories but those
Of peace, no territory except their own,
no sovereignty except sovereignty over
themselves the independence and
equal rights Of the weakest member OF
the family of nations are to the people
of the United States and Of France en-.
titled TO as much respect as those OF
the mightiest empire. In defense OF
these principles, France Is engaged IN
death struggle with militant autoc-
racy and ruthless aggression, and 1t is
not surprising to learn that she has
loaned to her allies and to other friendly
state: 1000 000.000 francs with which
to further the cause Of democracy. II
is liz keeping with Americas traditions
that since the date on which we for
inally aligned ourselves with France
and her allies In the great struggle,
our government has lent to France
Ss37O, 100000
It is eminently fitting that Ameril.
should now be fighting on Frencl, sob
to rake the world safe for democracy
The liberty that America has eninyed
for 140 years France helped her 4
achieve. The swords Of Lafayette and
Rochan,beau. aided by the guns Of DE
Grasse upon the high seas, assisted In
cutting the foreign ties that bound the
American Dlonies prior to the War for
Independence, and from the private
purse Of King Louis himself came the
first loan to America-unsecured and
unconditional--to finance that historic
undertaking. It was with entire JUS
tice that Washington wrote to Rochan-
beau, ITO the generous aid OF your ma
tion and to the bravery Of its sons is
to be ascribed in very great degree
that independence for which we have
fought"