davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
The Equipment Stocks

The sale Of $7,5OO,OOO of equipment
trust certificates to Kuhn, Yoeb & Co.,
according to Washington dispatches,
the first of series planned by the
Harding Administration, had direct
influence on the equipment stocks yes
terday. American Locomotive and
Baldwin were the leaders, the former
getting up to 91%, compared with
1914, the high of the year. Baldwin
in which active pool buying has been
reported, advanced rs to 1919
Coupled with the immediate sale Of
equipment trust were reports from
Washington that railroad legislation
will be hurried through. Should this
be the case the placing of new equip
ment orders on a large scale should
be expected
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright. 1921, New York Tribune moi
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14

Gables ........s2.o0 31.s7h 3725
Brazil (par S245 cents paper milrsis}
Demand .......12,76 1878 1900
Cables .........12.s7h 12.s1M 1s.12h
PERU (par s4.S6 pound)
Checks ........ 3.25 3.26 l.90
ECUADOR (per 1850 cents a sucre)
Checks ....... 1851 1926
CHILE (par sos cents peso)
Checks ..........10.e2h 1850 1871
URUGUAY (par 1o3;49 cents peso)
Checks .......65.75 65.37h $3.50
VENEZUELA (par 1913 cents bolivar)
Checks .......16.22 1900 -
Canadian Exchange-New York funds in
Montreal 11.17 per cent premium; Mont
real funds in New York 10h per cent
discount.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
The Dollar in Foreign Exchange

Foreign exchange rates moved irreg-
ularly yesterday, French and Dutch
rates sagging heavily, while most other
European exchanges held fairly steady.
Cable rates on London were I'M
changed at the close at $3.72A. French
francs lost points, while Swiss francs
worked up steadily. Guilders dropped
off to 3140 cents.
South American rates showed general
improvement, with recoveries in most
of the prominent exchanges.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
American Yanadium

The Vanadium Corporation showed a
net income before depletion and depre-
citation charges in the six months end.
ed June 80 of ss6,613, j. Leonard
Replogle, president, told stockholders
at the annual meeting on Monday.
After charging off $4,000 for depre-
citation and depletion, there was a tota.
deficit for the half year of s6o,291.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
Kansas City Southern's
Valuation Called Small

WASHINGTON, Sept. 13.-The
tentative valuation of the Kansas CITY
Southern Railway Company fixed by
the Interstate Commerce Commission
at $49, 485,907, was held in a protest
filed with the commission to-day by
the road to be wholly inadequate and
insufficient to represent the value of
the carriers properties"
The protest said that giving par
ticular consideration to earning capac-
ity present and prospective" the road
was worth from $75,000.000 to
$50, 000, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
Hananer Returns

Jerome j. Hanauer of Kuhn, L0e ass
Co., who has been abroad for lhe ri u,
ten weeks, is back st his desk. Il
Hanauer said yesterday that ne nsr u,s i,
tied England, France and swiszei. ssc
and was much impressed with ths .,;s.
nomic recovery in all those eous a,ss.
and also the mprovement IN inc x S
lean investment market during ~
sence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-14
Money and Credit

Call money renewed yesterday at 51a
per cent, but before the close Of the
stock market session the rate declined
to per cent. Money conditions are
temporarily easier because of the &C
emulation of funds here to meet the
September Is tax payments.
Yester- Year
day. ago.
On industrial collateral. =. 5A 7
On mixed collateral. 500. 51a 7
Time money (mixed collateraD:
Sixty days. .5A@6 S@8k
Ninety days. .5& 06 S@8h
Four months ......... 6 8@8k
Four to six months... 6 8@8h
Bank Clearings-Bank clearings at
New York yesterday were: Exchanges
$3.50, 900; balances, $63,500,0o0.
Silver - London, 395sd; New York
domestic, bar, 99As; foreign 65 y c;
Mexican dollars, 50Ac.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
AUTOMOBILES



PARTS FOR THE AUTO
NNNwcN parts f'r hIt Uuiyia. Ntsh Quad
truck parts, uuc complete Rudu motor.
good one ton truck Cor sale yr trade.
rafs ~. almost any mako ot cars osnEo
REiNutE AFRO sALvAu co
hErTrR RErhNtNu
Two been SWING satisfattHrN repair scf,.
,," &" lu'sr cav owners tor three Nsafs.
rNr"ri"n'" uu an moNes can todar a't.
FOR BALE Set auto mechanic tools.
chonp f"t cash. t''t N Main. Uuuw g.
uNuIANEN rUNliNM MOTOR CO.. s,,.
ond and nnvrr Ave- nrst class repair.
itE storage. cars washed uuu ut,ls,I
prompt ser'ico. Cedar ebaj
A,roS roK uIHI -CNN,rts ~
urtLplNG suitable ION garage. ma,niu,
shop ot paint nhup. uuHt proof. fouu|
lArt" enough f'r two rar7, good location,
rent reasonable" bsaEr $50
ron RtN 'ur hall two gar sotoEc
Il'N ". cheyenne. 'satr NNIN
MNlN goo uaisga tor tcnl rnouy
nENlnR b.. oIo. Da,eeo ror rcut u.ago
ELwo1n. s.. aos ua.osc tor ront' "
ruU RENr. GafaEr spa,o near sc,.p-
ieouth &c. and South Main ST. Phone
papge gotr.
GAHAGE Tor rent In the Vicinity "
Seventeenth aud South Main Phone
tfaE" 'NUl i.
MOTORCYCLES N\D HiC,,IEs ~
litNl'.kSpN motorcycle fur Halr, almost
new. Ask Tor u,unlc Lewis. Palace
ThcHt,r.
MA\rED--ht rONoUiiIS n
WOULD LIkH to buy or trade for q good
m ''p complete" Tor Dodge roadster.
WILL TRADE OIL leases Tor good car.
lrusoA In lur. development Nuuug Ar
thri aud IrUus ,uuutira iu rrNaa pstrr
F'l' toN Gillette NV Tulsa.
WANTED one used 900 tu 200 gallon
turr" compartment rasulIus tanN tor
Iu,h Nddtrss Head Packard oklahoma
Motor
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
TREATY STARTS ROW
Colombian Document Sets OF First
Difference Between Members of
Senate Under Ncv Rcins.

WASHINGTON. March "a spe-
cial message sent by President Hard
ing to the senate today asking early
ratification of the S25,000,O00 treaty
with Colombia, Immediately started
a vigorous controversy, with n CON
siderable group Of republicans align
ed in opposition.
II was the new executives first
congressional message and as antic-
ipated, developed the first open diff
ferences between senate members.
The communication was understood
to have recommended ratification of
the long delayed treaty principally
on the ground that such action
would improve relations between the
United States and Colombia and have
a beneficial effect on relations be-
tween the United States and all OF
Latin America. Publication of the
message, read in an executive scs-
sion of the senate. was deferred.
Immediate action on the treaty at
the present extra session OF the SEN
ate was urged by Senator Lodge OF
Massachusetts,. republican floor lead
er, but objections came from both
republicans and democrats and tho
matter went over until tomorrow.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10

journey. His holiness gave me the
same impression OF gentle kindlincss
which l derived from all my contact
with the Tibctans"
Mr.. Farley also visited the "Coun-
cil OF shapes. az the Tibctan cabinet
is called
'"Thc shapes" he SAYS. inquired
anNiously ~ the war were now over
and Europe at peace again After
ward, they invited me to a 24-cuursc
lunch. The only mishap was that
my Interpreter was so overcome with
nervousness that he spilled the tea In
the lap OF one Of the shapes Ds he
poured 1t
Mr.. Farley also visited the Jo
kang. the Buddhist cathedral, where
he found eel left behind by the
CapuChln fathers in 1875 whom they
abandoned their attempt 90 found a
mission In Lhasa.
I'm front OF tho main altar" Mfr.
Farley says, stands 81 butter lamps
~ solid gold 10 inches high. The
figure OF the Buddha is finely gildcd
and ornamcutcd with gold and ur-
QuoiSe. In corner close to tho door
there is a largo butter lamp of solid
silver. about two feet in diameter
and three feet in height. This lamp
Is literally plastcrcd 20 the wall by
tho filth left by millions OF pilgrims,
who have been In the habit for cen
turtles of tuuchiug 1t in the course OF
their dcvutions."
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
COUNTING UNCLE
SANS MONEY
Change in Treasury Head
Calls fol Intricate
Count of Cash

WASHINGTON, March "a
complete count of tho government
cash has just been made for the first
time in twelve years. The total ap-
proximated three billion, five hum
dred million dollars and included all
cash and securities held as reserves
against currency outstanding.
The count was made by a special
committee of three, assisted by eight
accountants and by fifteen laborers
who were used to move around the
heavy sacks OF gold and silver. The
men delved into great vaults in the
Treasury building and took stock of
gold, silver and paper money and
securities, many OF which had not
seen the light Of day since shortly
after william Howard Taft was in
augurated president and a new
treasurer of the United States ap-
pointed in 1903.
The accountants in entering the
vaults passed grim-visagcd guards
who day and night sit on the lid"
to prevent any possible attempts at
an unauthorized raid on the treas
ury. The vaults themselves are sup
posed TO be burglar proof and are
OF massive concrete and steel con-
struction. The storage sections are
kept under seal and this was the
first time that some OF them had
been exposed in twelve years for
when John Burke became treasurer
after President Wilson was first in
augurated. he accepted the count OF
cash In the storage sections which
had not been opened since the pre-
viots count in 1909.
ntg la anh1aH n z
every possible denomination from
the lowly copper TO $4,000 bills,
Many of the bills, particularly those
Of the large denominations, such as
$1,000, were in sheets of four each
and held in reserve against currency
OF smaller denominations in circu-
lation. Thousand dollar bills in cir
culation are few and each bank in
the country is kept supplied by the
treasury with "A list OF them win
their numbers so that IL perchance
any are extracted from the treasury
Illegally the holder will have eN-
treme difficulty in realizing on
them.
The count just finished was made
necessary by the retirement OF John
Burke as treasurer and was complct-
ed in the remarkably short time or
three weeks through the use Of cleo
tric counting machines. Loose coins
passed through these machines IN
stead OF being counted by hand as
was necessary in tho olden days
Paper currency was counted by the
piece, but stored coins and currency
were counted by the sack or pack
age In cases where the wrappings
we're unbroken and the seal on each
intact.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
LEGAL

(Published in the Tulsa Daily World
March 9, 10. II, II, 10, "a, rs, 1G, II
and IS 1921. World Publishing Com
pany. Publlshersl
NOTICE TO PROPER OWNERS AND
CONTRACTORS.
(F'risco Addition. Bullette Addition, etc
Bids will he received at the office OF
the city Auditor, Tulsa, Oklahoma, until
B o'clock p. M, Monday. March 2ist, 1891.
for the construction Of Sanitary Sewer,
including laterals. connections, and other
appurtenances for Sewer District No. ITO,
No. 2l2S, passed and approved the LIST day
OF March, 1921.
Plans, profiles and specifications Tor the
construction Of said sewer system and
appurtenances have been adopted by the
Mayor and Board Of Commissioners Of
flee OF the CITY Engineer.
bids must be made upon the official
proposal sheets OF the city OF Tulsa
Tho rights to reject any and all BIDS
IL reserved to the Board OF Commisassn-
era OF the CITY Of Tulsa, Oklahoma.
A certified check In tho sun OF five
will be required from each bidder.
All bids will be opened and consl derrd
by the Board OF Comm m.ss ,tners cf "a d
city at a meeting OF said l}oa 4 - be
held In the city Hail In said 'ity a.
O'Clock a. IN. on the 22nd day Of March.
Any and all parties interested are
hereby notified that they may appear
and proteBt against or object 10 said
roposed improvements or any part
thereof or any matter or thing in rela
ton thereto. at said meeting Of he said
Board OF Commissioners On the 22nd day
VI MRS. FRANK SEAMAN
City Auditor,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
BRITON |NVADES
FORBIDDEN LAND
Finds Monarch of Tibet
Considerable of a
Gentleman

CALCUTTA, March 9.-The first
European who has had an audience
OF the Dalai Lama of Tibet at Lhasa
since Manning in 1911 has Just re-
turned here after two months resi-
dence In the forbidden land"
He is ]. Farley, telegraph en-
gineer in the service Of the govern
ment OF India, who reports that the
Tthetan government is apparently
anxious for the country to he linked
up by telegraph with India, and
there are also faint signs, he thinks,
of desire for industrial advance on
European lines.
"A visit TO Lhasa," he says, "trans-
ports one straight back to the middle
ages. There is no sanitation or
drainage in Lhasa today and II 1t
were not for its low temperature,
owing 10 the fact that 1t is built on
a plateau 1900 feet high, its 20
typhoid fever.
The audience OF the Dalai Lama
took place in the Norbulinga palace
three miles outside tho city. The
reception hall was gorgeously dec
GRATED in red and gold, with a mag
nificent silk canopy over the throne
on which the Lama was seated In
European fashion. His holiness
wore an oriental yellow brown robe
ana MS nair was done in the famil-
lar plated fashion OF the I.amas. His
salutation took the form OF placing
over my arms extended In front OF
me n long silk shawl, which courtesy
1 returned by placing silk shawl
over the arm OF his holiness.
The Dalai I.ama's first question
concerned my age, and the second
my wife's age, and he showed great
interest I'm my experiences on my
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
GERMANS LEAVING
The FATHERLAND
best ,fs, People Emigrate by
Wholesale Leaving Only
- the Undesirables

hEiLIN, March 9.-Students of
IIronomic subjects assert that at
1.St 1%SSt 100000 Germans are prepar-
,ms 70 leave the Fatherland for the
Iu states, Mexico and South
abIa 'oah states as soon as they are
tsia 70 raise passage money, or OBJ
Init SSuinlSSion ~ in the case of the
b,Va ,nSial and unofficial quarters
psss p' dspIayed considera BILE uneasi-
han. over the class OF men who are
gra,o o'"aRrating or preparing TO emf
mr. Inc head of the government
.T,tstduon .Tt office said;
,bg "' most able-b bodied, onterpris-
,es,,s su'!Wart sons Of Germany are
mTrI.s Tho very poor. the COM
VIII ,ki'N.s' the radicals, the bolshe-
w Ieenerally are remaining with
s,,,N is the family of some sub
~ ~ which Is moving out"
concad. Lause or this emigration Is
par,'eauTu 10 be the war taxes and
vr,,,eU'aIly the income tax, which
iron, iS PROMPTS the salaried man
ralnv Ssihs something aside for the
loneo,' 'aS' These men generally no
are patronlze the banks They
each 'oaI Ung a little bit of salary
can Month against the day they
amo.s spite Of the general agreement
GsrnnIs political economists tha,
Unless ~ overcrowded and that
made taaleal readjustments are
will No h"'ui'n one year the nation
per cen, an'e to support only so
slggevioo VI the present population,
the ,Uus g,, nave been made that
stems ,'eIhment take Immediate
pualih, regulate the number and
View vi emigrants. With this in
new law is being drafted.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10

Lost, strayed or stolen black horse,
weight about 1000 lbs, from Glenn
station. sand Springs road, anyone know
ing location Of this horse notify O. H.
RSssmHn, II, X, 4. Glenn station, Tulsa.
Okla.
DOG -- Female Boston Terrier, color.
br,ndls, Reward. Call phone 1868.
FOUND--Boys Indian bicycle. Call SOC
E sixth,
A POCKETBOOK found last week con-
taining money. owner can have same
by describing contents and paying for thls
adv. Miss Gregg, World office
LOST-Two mound dogs, one male and
has bobbcd tail. male has Extra claw on
Return 70 7 <. Wheeling, Or call Usage
353l. Reward.
rlRELi PERSONAL
LADY DETECTIVE -Shadowing and In
yc-tigating, high class work specially.
Eight years OF experience, strictly con.
ndentisl. Phone Usage 1919.
FAIRMONT MATERNITY HosFI1Ai Tor
confinement; private prices reasonable.
may work for board babies adopted.
" rite for booklet. Mrs. Z. Is, Long. A9lI
Il. 27th street. Kansas city. Ao.
WEST MAIN MATERNITY sANITARIUM
"A homo for the care and protection
OF young women; rater reasonable, babies
adopted. Or. NJ. H. Newman medical
director. istT W Main, Oklahoma cit,.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
Wanted In on That.

Mrs. Dugan treadlng papeTJ =
Here's mon suing for divorce
because his wolfe goes through his
pockets. Pwhat would ye2 do II
yez woke up and found me going
through your pockets?"
"Oi," sez Dugan. sadly "OId get
up and help yez look"
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
w WamG Ads
Rates and Information

lnc per word per time.
seven insertions for the price OF six
Minimum space ~ words
lc per word per day when copy runs
1ne month without change,
Advertisements set In capitals double
)rice
= Minimum amount ono time 9Bo.
Special contract rates for S-siness
,dyertising on request,
ALI. CHARGE WANT ADS are due
and payable tho same day first 'nser-
.ion OF ad appears (All out-of- own
want ads and all wanted to rent, sit.
uations wanted. wearing apparel and
household goods ads are positively cash
n adyance)
TELEPH HONE WANT ADS are
and collections will be made at your
home or office a. soon after first In
serlion as possible. THIS In an 40
commodstiCn service and payments
should be Hade promptly when bill 10
presented. Always ask your telephone
sd to be repeated back TO you by tho
telephone ad taker to make sure that
II has been correctly taken. The World
cannot assume responsibility for errors
Of any kind occurring In telsphons
Advertisements.
Under no circumstan are We re
ponsihle for errors IN any advertise
ment unless reported Immediately after
first Insertion. No reduction Ia cost of
an al will be made unless error de-
rfoys value Of ad.
Phone 5000
ASK FOR WANT AD DEPARTMENT.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-10
AUTOMOBILES

good condition PHONE osseo S'ci.
STtrH stripped down. tor sail, lust over.
-, hauled must soil today, 500 cash,
A SENEN rAssENgLk oakland car.
good running otdrr. chcnr for cash ot
would uade t"r lighter car See 0t ahd
make az offer llos Fustoria. Phone
PACKARD "is roadster tot sale. or trade
Clurc
ron sALE.-ls-o Ford sedan IN rctfec,
,@S.T cedar ,,' '''''''''' ''''' '''d terms
SUPERIOR uArrrEY STATION
NIGHT ANb DAY sERNt,E
5o7 $, nuttbEN PHONE OsAGE 1900
FOR sAir Ford roadster. 1917 model
7hrHt class condition. usAEo $3.50.
FOR SALE .Crcap 1870 Dodge tourin,
car I9is Ford coupe can cedar 9ott
ron SALE -- 1870 model Ford sedan.
pc4,ruSEeIn r, e3o mIGeVi sriT,'ss' i55,o. 'ail
FOR SNlG or TRADE Mitchell 1890
model five. passenger touring car. good
A. new bargain. o. g. Eleventh. Cedar
fOk SALE Muoun IGN, electric WIN
can at 2e5 East twentieth
FOK SALE. .lsIy studobskct. sevru pas.
srrger. go good condition used as rlras
uic car uhIN. az a bargain. terms tu re-.
sp"usiblo parties. Inquire ut S.J \. bcu.
Yer. IN rear
FuH SAIL. s,udobakcr Rutck. Oldsmo-
bile road.tet. also Mcfarland.
LIBERTY GARAGE
Usage io1i
ONE SPORT MODEL Nash roadster. runs
and looks ltN, new. For quick sale $3.50
cash. can luIks. oEurr t7tG.
FuK SAIL. Mitchcu.sN touring ts0O, ruu
G.OOO miles. ltuick-siX roadster .. 600,
fuo shape Denver Garage. Ask Tor
Gordon.
ron SALE Lato model nuiru VIII
s"u ot a bargain. usag" o2si.i.
FOR SALE Maxwell touring .a., Al
shape, new tires i'lS mod A. ala3
y. Seventh 81
BUY A BUICK
rhe time to buy a rebuilt Buick ls
right now. The following ears are
ready FOR "A seasons use
1920 Roadster ....,.........,S $3.50
1918 7-passcnF"r ......,.....tSi0
1919 5-passongcr ..,.........SS25
1919 5-passcngcr ...........S775
We usually have on hand used
Bucks that We viii sell before re-
building. Today We offer the fol-
lowing;
1920 Roadster
1919 5-passcnger
FORSTER-DAVIS MOTOR
CORPORATION
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-26
Information Bu-
reaus in II States
Now Serve Public

Chicago, Sept Authorization bu-
reaus have been formed in II states
by public utility concerns in the last
two years, it is reported by the I'LL
nois Committee on Public Utility In
formation. originator of the plan. The
move is new one in this field UtiIi-
ties cooperating include electric light
and power. electric railway, gas and
telephone industries
These state committees on public
utility information aim to develop
public appreciation of the services of
the utilities and public confidence in
them.
I'm the early days Of the public
utility industry it was blessed with
plentiful engineers and many law
yers," according to 3. J. Mullaney. di-
rector of the Illinois committee. but
with few who would tell the public
about these services in the language
Of the laymcn. 1t has been found
that the illinois idea has heen Of in
estimahle value in bringing about bet
ter understanding. such as will per-
nit of greater growth"
Committees have been established
in Indiana. Ohio, the New England
states, Alabama. Colorado Kentucky
Michigan. Missouri. New Mexico, Wyo-
ming, Minnesota. Georgia, Iowa. Ne
hraska Kansas and Oklahoma
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-26
CONFERENCE MUST SUCCEED


Evidently some pessimistic. fore
bcdings are entertained respecting
the result OF the conference to limit
ornaments. There are those who
profess to sec in the failure of the
conference an Immediate reversion Of
the peoples participating to the wal
spirit, melted by such failure to has
ten war preparations.
Foreign peoples generally express
the opinion that whatever the United
States becomes thoroughly interested
in, that it accom- plishes. 1t must be-
come interested in this effort to limit
ornaments, to remove so far as pos
sible the irritating causes of war
Although this country has the least
to gain Immediately from such an
accomplishment it nevertheless has
assumed a certain responsibility in
calling the conference, in withhold
ing it's hand from the League of Ma
tons and is in position, having no
concessions to seek, no territorie s. to
acquire, in short no axes to grind, TO
exert a benefcent influence power
fully.
But though the conference should
be said to fail it need not necessarily
follow that the world rush into war
1t is now enduring all the war it is
capable of sustaining. At werst it is
not reasonable to suppose such an
assembling of representatives of the
leading thought of the world could
break up in a spirit of discord 1t is
reasonable, however, to suppose that
the results will fall considera bly, short
of what many would wish, short,
perhaps, of what may seem neces-
sary. Inevitably there will be disap-
pointment but if a definite step for
ward shall be taken, even though it
be short one it will we'll be worth
the effort
From the inception of the move
nent it has been clear to many that
reduction in naval expenditures is
more attainable than reduction of
armies. With France in fear of Ger
many, with England that for years
has not had an army equal to ener-
gencies which might arise, and which
in the last war did arise, with Poland
surrounded by enemies, with Italy
jealous of Jugoslavia, with insur-
rections in the Mohammedan world,
with Russia in state of ferment
with the Balkans filed with a land
greed not tempered by enlightenment,
the prospect of reducing the armed
forces of Europe is not fattering.
On the other hand much may be done
to improve these conditions. to clear
up basis for settlement This is not
the time for pessimism but for de-
termination to make the conference a
success.