Evening star., 1933-09-03

fidence in you" She says: IT ran the Rarnut
of human experience during one year. Record.
I was brutaly beaten once, had doors slammed
In my face, lived In the underworld on secret
Investigations went out on rescue ships to
answer calls for help at sea. Through it all
I saw the human story behind the printed
copy. My personal ego was Supplanted
by q spirit of crusading. Gal Reporter
Is the story behind my stories as a reporter"
Her first big assignment was Jump to
Gloucester" to cover the Gloucester fisherman
races, a story every day The press boys"
representing many other papers looked askance
at the dame" and told her the wrong hour for
the departure Of the press boat in the morning,
but she persuaded the captain Of one of the
racing schooners to take her aboard and her
story was ID her paper and on the street before
the boys" got back to the telegraph Office at
Gloucester Her account of "one of the most
exciting days Of my life" causes doubts as to
the suitability Of young and pretty girl a
reporter OF the white slave trafic. Miss Lowell
writes with the colloqsIial style which her SUBJ
ject demands and with all the vigor and dash
with which she wrote The Cradle Of the
Deep" She is now Gal Reporting around
the world in q 48-foot schooner, with her 73-
year-old father. q sea captain, Who first took
her to sea. In the Black Hawk they will travel
around Cape Horn to the South Seas to India,
to Africa, to the Arctic Circle. The expenses
of the cruise, Joan intends. viii be met by
trading with natives carrying mail to remote
islands, bartering for pearls and skins and
working on the docks IN foreign ports. It IS
safe to expect another book
DEbT AND PRODUCTION. The Operating
characteristics of Our Industrial Economy.
By Bassett Jones. New York: The John
Day Co.
TO begin at the end, the unpleasant conclu-
! sion of Mr. Jones is that too heavy debts
Uoro in 1d< ip fha
directly preceding 1929. He shows by economic
reasoning what most people have already dis
covered by sad experience. Two principles are
the basis of his deductions: First that the
volume of debt at any time must bear a one
to-one proportion to the volume Of production
at that time; and second, that the payment of
debt must correspondingly be IN q ne-to-one
relation to the increase in production at that
time Production may go on under a certain
load of credit but when the load becomes too
heavy, production fails and the credit struc-
ture must be revised. Which, being interpreted
colloqua1ly, means that the debtor does not
pay his debts, and that the lender is the
loser. When man or business, then, hires
(to use the word of one Of shrewd former
Presidents) too much money, the lender would
do well to look out. Mr. Jones explains various
types OF production and the amount OF hnanc-
ing credit they can stand and assists his
arguments with elaborate mathematical graphs
in which appears his engineering experience.
He is a consulting engineer, research asso-
ciate in industrial engineering at Columbia
University and the author Of many papers on
engineering subjects. His avocations are indi-
cative Of an energetic temperament; he is an
experienced fisherman, sailor, and navigator,
well explorer. He is president OF the
Nantucket Ffsherman's Association and part
owner of the famous Gloucester racing
-
'..l4. ...44.ruOl.S O. WALL. STREET. Anony-
nous. New York: G. P. Putnam's Sons.
THE mirror was held up to Downing Street