The Washington times., 1922-06-09

More Whales. Not Innpor-
tant.
A New Baby Born.
No Brain Works 8 Hours.
One jews Short Story.
by ARTHUR BRISBANE
cspyright. is1a

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North Of the little Azores,
lost in the Atlantic. passengers
saw a school of whales-250 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 dis.
coyery Of new oil fields.
Once the world depended on
whale oil for light, and won
dered what 1t would do when
whales died out. Now it de-
pends on oil for Tight and power
largely and wonders what it
will do when oil gives out.
And all the while the great
lamp is burning overhead, re-
minding us that light and power
are there unlimited, to be used
during millions of years that
the earth still has to carry US.
A new baby steel trust is
born, or almost. The doctors
and nurses are busy.
The public, compelled to adopt
the infant, knows vaguely what
kind of baby it has. There will
be seventy-nine million dollars
Of bonds, fifty million dollars
Of preferred stock, three. hun
dred thousand shares Of COM
mon stock with "no par value"
That expression, "no par
value" is appropriate. Watch
the baby. Be careful how yon
buy that mo par value" stuff.
The men are not all dead that
bought common stock of the big
steel company at fifty and saw
It 20 ito eight. Later it went
above 100. but the original buy
ers didn't go 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
a-borning?
Is there room for two of the
same size. in the financial jun
gle? 2 The big trust has encour-
aged little independent compa-
nies. They were no menace
and they lent respectability in
the way of competition. But
what about a big company
rival? There may be an inter-
esting steel fight. ... ..
The legal midwives, Chad
bourne, Levy Mayer, and 9th
ers, sitting around the bedside
of the new baby, announce that
securities issued will require
$1.41 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. s..
wittenberg College in Ohio
announces an eight-hour study
day. There will be no time
clocks, but the faculty will
give out work compelling stu
dents to work at least eight
hours. The faculty will learn
that it can't be done. You can
keep a man swinging q pick,
axe 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, tnat could
do actual. REAL mental work
for eight hours every day.
Routine work, figuring out
mathematical problems, ETC.,
can be done for eight hours or
longer, but even that is rare,
and dangerous.
New York will spend one mil
lion collars on an art museum
to hold the magnificent collec-
tion given to the city by Ben
jamin Altman.
Who is Benjamin Altman?
He is a merchant worn out with
hard work. now lying in his
grave.
He vas 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 a
magnificent temple Of com.
rnerce on Fifth avenue in New
York. and for whose art collec-
tion, given to all Of the people,
New York now builds another
temple. -.
He spent his life investing
his money, with all the wisdom
of q great buyer. in the noblest
works Of art, and gave the re-
suit of his life work to the peo-
ple that gave him his wealth.
Benjamin Altman Is one Of
the Jews that Harvard Univer.
sity and some other institutions
think should be admitted to uni
'versities in Limited numbers"
Opponents of the soldiers