The Birmingham age-herald., 1922-06-10
T oday More Whales, Not
 Important. A New Baby Born. No Brain Works Eight Hours. One Jews Short Story.
 By ARTHUR BRISBANE

North of the little Azores, lost in the Atlantic. passengers saw shoal of whales. 25o of them. the captain said, rolling and spouting on their way north. Once that would have been important to the whole world. as important as is now the discovery of new oil fields.
 Once the world depended on whale would do when whales died out. Now it depends on oil for light and power largely and wonders what it will do when oil gives out.
 And all the while the great lamp is burning overhead. reminding us that light and power are there un limited. to be used during millions of years that the earth still has to carry us.
 A new steel baby trust is born. or almost. The doctors and nurses are busy.
 The public. compelled to adopt the
 
 kind of a baby it is There will be s79,ooo,0 900 of bonds. s5o,oOo.ooo of preferred stock, 300.ooo shares of common stock, with "no par value"
 That expression, "No par value" Is appropriate. Watch the baby. Be careful how you buy that mo par value" stuff The men are not all dead that bought common stock of the big steel company at 50 and saw it go to eight. Later it went above 100. but the original buyers didn't so with it.
 What will the other steel baby. grown to mans estate with Judge Gary as wet nurse. and financial nurse, do about the new steel baby that Is aborning? Is there room for two of the same size In the financial jungle? The big trust has encouraged little independent companies. They were no menace, and they lent re- spectability in the way of competi ton. But what about a big com pany-a rival? There may be an in- teresting steel fight.
 The legal midwives, Chadbourne. Levy Mayer and others, sitting around the bedside of the new baby, announce that securities issued will require $141 per ingot ton over and above the overhead. to meet fixed charges, before anything can go to the common stock.
 That Is the part that makes Judge Gary laugh.
 wittenberg college in Ohio an- nounces an eight hour study day. There will be no time clocks but the faculty will give out work compell ing students to work at least eight hours. The faculty will learn that man swinging pick ax for eight hours or for ten-your foreman can watch him.
 The work done in study Is done inside the skull. You can't watch that.
 There is no brain living. never has been one, that could do actual real mental work for eight hours every day.
 Routine work, figuring out math- enaaticai problems, etc., can be done for eight hours or longer, but even that Is rare and dangerous
 
 New York will spend s1,0o0.oo0 on an art museum to hold the magnif- icent collections given to the city by Benjamin Altman. Who is Benia min Altman? He is a merchant worn out with hard work, now lying in his grave. He was a poor, unknown Jew, who carried on his back to his little store in Sixth avenue the goods that he bought for cash. He is the man that built magnificent tenn pie of commerce on Fifth avenue in New York, and for whose art col lections given to all of the people New York now builds another tenn pie.
 He spent his life investing his money with all the wisdom of a great buyer in the noblest works of art, and gave the result of his life's work to the people that gave him his wealth.
 Benjamin Altman Is one of the Jews that Harvard university and some other institutions think should be admitted to universities in Jim ited numbers"
 Opponents of the soldiers bonus say s3,000, ,000,0oo would be required Outrageous. they say. The money could never be had.
 You read that on the same day loans for speculation in Wall street were s1,500. .000, ,000-half the amount needed for the bonus.
 They can't find $3,000, 100000 to pay soldiers that went to war, but on any sunny day can find half that amount to enable gentlemen to gamble or invest in stocks. It's an- other occasion for reprinting Prud- homme's warning: "Monarchies are destroying by poverty, republics by wealth."
 Money means power, also liberty, even in a republic. A young man named Ward informed the authori- ties that he had killed a man because he was blackmailed. There was noth- ing but his word to prove it. He put up cash bail and went free.
 Another man named Cunningham was supposed to know something about 1t. He was accused of no crime but didn't have any money So tt f.,l lro Ls f1