St. Louis Post-Dispatch
September 5, 1920

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COMIC PAGE SEPTEMBER 4, 1920. ll (Covyriaht. 18980) PLL Stow You, MIKE - 1 BoRRow A BoLLAR. ROM BAAD WE TOU ME TO SEE Joe, AIA When Tt SAW Doe hE SA\D TO SEE DAN -- LTHI LL (‘Coprmgehe, tl etn ine Kk TH REGULAR RGUMENT OFFA MY D6 = GOTTA Ce TO ORESS 1970) —- —— (Covryrieht. 1970) THCY RE REPYBLUICANS B "EM REPUBLICAN CHATTER, iF THEY'RE DEMOCRATS ALK DEMOCRATIC: Ty FIRST, 13 MY MOTTO. : al " ‘4 u - > n : ca tnt phereeeitsth. pee Pa co Scitist@prises sists: saptytsss: tetisiiclasggieppertbac Bierecit tebedee! oo tu SSSR ET seetets Tl Rta32388: oper rate — ? - Fr. +50k3tGha- 43) BEES, IT _ a aanniaeeanes : —" ie at SE aS 7750s sabes SR Rais: PBI SUN DAW sebeB, 3.285, -3. -25% tr THe yf POST DISFATL >s - = ~ ’ ' od ry “ieee ss AST ee 2 SETS 7 oe i atures Fine ¥ i +4 : 534 3 f ro a »% Li : Y ofsas 7 - Tas i : * ; ¥ ; a oe ST. LOUIS, SUNDAY MORNING, SEPTEMBER 5, 1920. Views of Former Heads of the U.S. Treasury on Wade Plan to Cancel Allied War Debts « >’ ~~ 4 1 7 . i= ; ‘ Ny Glass Opposes It but McVeagh, Gage and » Shaw Think It Worthy of Serious Con- sideration — Houston Silent. PON the return of Festus J. Wade, St Louls banker, to the United States from the conference of financiers of the allied nations in Paris recently, he announced his advocacy, as a means of restoring and stabil- ; foreign exchange, of the cancellation of all the war loans made by this ry to the allies, conditioned only upon the countries thus favored do- ‘es the same with the war loans made by them to other allied nations. 'WADE’S PROPOSAL WORTHY ONE, SAYS LYMAN J. GAGE By Telegraph te the Editer of the Post-Dis- patch. SAN DIEGO, Cal, Sept. i1.—I consider Mr. Wade's suggestion that we cancel our national claims against the late allied Powers for credit extended to them is a propo- sition worthy and capable of support by strong argument. Nevertheless, the question is a large one, with many sides, which at tnis time can- along time, is founded upon the the- not receive a just and full consider- that, so far as the alli. nations) ®tion. Time, with a better under- concerned, its acceptance pee PPE of the situation and polit- would put them on a pre-war ical attitudes of the Powers that be ition in the matter of foreign (| thus favored is in my opinion a need- igations. Wade holds that, with ful element in a wise determination condition restored, the allied na- | °f the question. fs would have little trouble in LYMAN J. GAGE. taining their exchange rates, ) Wade's trip to Paris was made eth @ group of American bankers the sanction of the United Chamber of Commerce, but conference was merely advisory, and had no allied official character, @as purely a voluntary gathering | financiers to endeavor to mr ong * ag way out of the financial maze which the world finds itself today, which upsets normal trade con- because of the upheaval in foreign exchange rate. ) Gist of the Wade Pian. ’ Wade's plan, so-called merely be- muse he is the latest important? financier to urge it, | gh it has had an important fol- ) ng among American bankers for — the addition of a slight “peg- ’ of the money market, sueh as ‘ ce and England practiced dur- | BY McVEAGH BEFORE CANCELLING LOANS By Telegraph to the Editor of the Post-Dis- The charging off of these obliga-{ 8th. would, of course, indicate an| “DUBLIN, N. H., Sept. 1.—Before nediate paper loss of about five) taking any disconnected action so ons to this country, but Wade large as canceling of all loans to for- that, in fact and in operation, ' eign Governments it seems to me United States would lose noth- /our Government should establish a at all eventually because the na- (definite rate as would be practicable Europe would be put in with our foreign policies respecting the United States, notwith- iding the gigantic balance of ad6 in favor of this country. “AG the war in keeping up their ic n in the Long Run.” ns of c ndition to buy whatever they wish world «relationship obligations and ' The Post-Dispatch sent the Wade 4 - § | CAPITAL OFFICIALS . GENERALLY OPPOSE rom us and our profit on this busi- duties. “FRANKLIN McVEAGH."” FORGIVE DEBTS AND GUARD AMERICAN PAYROLL, SAYS SHAW ess soon would bring in a much mater return than we could real- on the principal and interest on se loans. Moreover, we would ve the prestige of rendering to civ- gation the great favor of restor- world trade to a normal basis. rview to former Secretaries of Treasury as well as to Mr. Hous-\By Telegraph to the Editor of the Past- the present Secretary. Houston ) Dispatch. 4 to discuss the matter, but) saw FRANCISCO, Sept. 2.—‘It follow herewith the interesting ( wij) be extremely difficult to main- plies made by Carter Glass, Wayne (tain more than seeming cordial re- Jeagh, Leslie M. Shaw and Ly | ati G. Gage. Glass was in the Wil-) pay only at the expense of American Cabinet, Gage in the McKinley) japor. I strongly favor forgiving Sabinet and McVeagh served under (foreign debts and immediate steps f to safeguard the American payroll. “LESLIE M. SHAW.” debt, approximately $5,000,000,000, while they continued to owe the prin- cipal and pay interest on $3.000,000.,- } 000 or $4,000,000,000 to Great Brit- n? France, too, has large holdings in other countries on which she is re- ceiving interest. In this connection, attention is called to the ‘obvious fact that government is not some- . \thing apart from the people, but is . . = re -) _—*.. Czecho Slovakia, +67. | the veople. - The people of the 000; France, $3,047,974,009;( tnited State ised lend Britain $4.277,700,000;| U states raised money to len $48,236 900: Italy, $1,666,- to Europe, and to the people repay- /ment is due. ; ; , : u- ite one PO gy Aan ng By. 4. That there was a decided gain $187,-) : - to France and Great Britain from rand toial of these and a few) the War, in the form of added terr!. sous loans is $9,711,7389,000.) °°T): Jndemnities from Germany are known as “demand obliga-( and security from German invasion. ” Credits were established here: 5. That, even if there were merit Smitime to time for the borrowing, !" the Wade plan, it would be im- Minttles against which credits cash. possible to get it through Congress. were made. No time limit) Glass ‘Opposes Proposition. : yment of the loans was set. ( Senator Carter Glass of Virginia, ary of the Treasury Houstor; former Secretary of the Treasury, to comment for publication{ 8@ve the Post-Dispatch this state- . neel the ment on Wadels proposal: : a ah sn atten “We didn't go into the war’ until 1 Wash-) it was our business to go in, and then wy qpenking, .otticks jwe financed our own share of the , he Wad Goes nat approve of t *\ war and some of the rest of it. I : , ‘ bsolutely opposed to rebating ~ Odjection to Wade Plan. am «a : are — of the objections \*®"Y portion of the allied debt to the ’ United States. My position in this ipped by recent discussion: | matter is well known, having been Btates, including the loans to fully expressed when I was Secre- was not $25,000,000,000, tary of the Treasury and again at the L by Wade, but when war are considered nearer $40.000- It costs $6,000,000,000 a t6 run the Government nbw, as $1,000.000,000 before the WADE’S PROPOSAL the Washington Correspondent; al of the Post-Dispatch. ASHINGTON, Sept. 1.—War, of the United States to foreign; es, in round numbers, are as) : Belgfum, $350,428,000; Cuba, ) o%: cisco.” For elaboration of his views, Sen- ator Glass referred the questioner to a letter he wrote Jan. 28, 1920, while he was Secretary of the Treasury, to the Chamber of Commerce of the United States. In this letter he dis- approved official American participa- tion in a proposed international financial conference. It was on his return to America from this confer- ence that he gave his statement to the Post-Dispatch. Parts of this let- ter were as follows: “The people of the United States are being called upon by taxes and otherwise, = only to meet the Gov- ernment’s expenditures, but to reduce the war debt. So far as the coun- tries of Europe are concerned, the adoption of similar policies is a mat- ter for the governments of thorr Continued on Page Six. t so far from having desert- allies, the United States has to Europe since the armi- one form or another, 4 total 000.000. . in any talk of the cancel- fof Government debts, consid- Must also be given the com- debts owed by the people of to the people of another. ted that British holdings wer countries, though reduced War, still aggregate about 0,000, of which Americans $3,000.000,000 to $4.000,- How. it is asked, could the people look with favor on fon of Britain's war - + DEFINITE RATE URGED lations with debtor nations that can. Democratic convention at San Fran- | -t—!- oj—)- -I—tTI- oj— f- STRIKING RESULTS FROM INVENTION FOR SENDING -[{—s- -[—~—Je- -i—s. of——f« PHOTOGRAPHS AND AUTOGRAPH LETTERS BY WIRE | Report of Test Arranged 6y World and Post-Dispatch Man in Paris | >» fe. Suis out & fart RLUMUES. d'avon adsscste Aw admi' rab lus OKALUnees he. tere- -hhohpanhie orgamcsecs pan: le New Yor%K Word ternnfot 578-20 Maye Yon me ig ORIGINAL of HERRIOT MESSAGE-WRITTEN in RED INK... H Suse tou a fart hentern arn wrnsle dx ay, tables enpehecrices de tek le New Yor Wold Herat {FSO Mine & yen MESSAGE RECEIVED from Senator HERRIOT + ®-+¢ ing er The Film is | Dispatch and the New York World. > Portrait Was Received me he: Meade from the Film ss iteelf in the New York World without Strengtheni Not ; 8 Positive, Like s Lantern Slide... f ~_e_— American Diplomatic Agents Were the Guests of Honor, and Witnessed Transmissions of Photo- graphs of Gens. Mangin and Pershing and of Ac- curate Fac-Similes of Messages by Telephone De- vice. the telephotographic system, as tographioc Section of the A. comes the present main defect in wireless transmission, namely, impossibility of preventing a third person from overhearing a message sent from one point to another. Play an important part in naval op- Wartime use of the wireless would) erations as soon as it can be operat- , ed regularly by wireless. be revolutionized by the nemo Th e demonstration was made in of such an invention to military and) the evening so as not to interfere naval stations. ‘unduly with long-distance telephone Following is the correspondent’s | traffic. A special wire was placed story of the test: (‘at M. Belin’s disposal by ths French and Telegraph. By LINCOLN EYRE. ) Shortly after 9 p. m. word came ) over the telephone from the Lyons A Staff Correspondent of the Post- ) station that all was there. Almost immediately, grouped about the table on which stood the ) receiving instrument, we saw the (transmitting process begin. ) bilities. Lievtenant-Commander R. / E,. Bell, Assistant Naval Attache, told M. Belin that his device is sure to Ministry of Posts 1920, by the Press Publishing Co. (The New York World.) PARIS, Aug. 5.—There was re- vealed here tonight in a laboratory) at Ruell the practical functioning of) In language devoid of a machine for the telephonic trans- (technicalities, M. Belin explained the mission of photographs and auto-(receiving device to us. It is hard to graph messages. describe in print, though simple M. Belin’s invention has already \enough when under one’s eyes. Two ee BS Sas oe ; ee 2 > “i ‘ : o Copyright, duction (Actus! Size Film on en. Mangir’sa Office of The. (é Retouctt Fi in Any Way. egative , bu’ ORIGINAL of CARRIGAN MESSAGE - Written in Red General Pershing telephone Photograph of transmitted by Belin’s device. S - fot lomen a | a 2 de. DOUARD BELIN, a French- | ee has perfected an inven- tion for the transmission, over | telephone wires, of photographs and} autograph messages in facsimile. ( For years it has been possible to) transmit by telegraph reproduction from photographs, but the process) | | le me ; ne SG a © si > SPat Miasage.- fe. Laren taba =) Lidell me, Pits ee o———~ v, = silver wires terminate the ordl- copper wires of the communicate through a powef- ful magnet, the electric im- pulses sent forth by the transmitter hundreds of miles away. These wires buckled to a tiny mirror, upon , . fine nary land MESSAGE from Consul CARRIGAN electro as RECEIVED are |has never been considered highly suc- ( cessful because, depending upon the ( dot-and-dash system projected / pressed keen regret at being unable through telegraph keys, by which dif-\to be present. ferent degrees of contact atthe send-) At the Lyons end of the wire, Sen- ing point are registered at the re-\ ator Edouard Herriot, Mayor of that ceiving end, the reproductions have. city, and Clarence. Carrigan, the been too dim, exaggerated and ir-)\ American Consul, participated in the regular for practical purposes. By? experiment. using the telephone, Belin accom-\ Photographs of Gens. Pershing and plishes the transmission light) Mangin and messages in the hand- | angles operating from a highly sen-| writing of M. Herriot and Messrs sitized sending plate upon an equally) Ives and Carrigan were transmitted highly sensitized receiving one that from one city to another. over a dis-, | registers every change and degree of) tance of 270 miles, with a rapidity‘ | light. No attempt was ever before | and ease that amazed the official be-) ‘made to send communications in fac-) holders. } |simfle by wire, so that Belin’s inven-) The occasion was the first in his- ‘tion, in this respect, is unique. \tory on which an American consular | A Paris staff correspondent of the! officer was able to send a communi-) New York World and the Post-Dis-\ cation bearing his own autographed pateh recently arranged an inter-( signature to a colleague stationed) esting test of the device between ) halfway across France. . The im-( Paris and Lyons. ( mense advantage of this method over} The test, which was uniformly suc-| ordinary telephonic or telegraphic; cessful, was witnessed in Paris by/ communication is, of course, obvious. } Deputy Consul-General Ernest L. The military and naval experts/ Ives, representing Counsul-General) were -particularly interested in M.‘ Thackara, who was absent on his va-( Belin’s assurance that once wireless, cation; Col. L. H. Brereton, air at-( telephony is perfected it will be as‘ tache, and Lieutenant-Commander) easy to transmit photographs and) R. E. Bell, assistant naval attache, autographs through the air as it is) representing the American embassy,) over the wire. and Lieutenant-Colonel Edward The inventor also showed the three’ Steichen, erstwhile chief of the pho- | officers a special device by which) ‘tographic section of the air service,) secrecy over the wireless {s protected A. E. F. Ambassador Wallace, who({from “‘listeners-in.” This instru-) by |was away from Paris at the time, ex-} ment, which ig quite separate from) erstwhile » ( swiftly ‘ nore than one hour. nt lamp focused through 4 lantern aperture. The flected horizontal- through a light they are of light To the of ord} Lincandesce | of magic rays are in turn re lv by he mirror dge, bv ns of converged pir revolving cylinder been inspected by the French Gor- Sort ernment. and described in the Frew h press. Tonight's demonstration, specially organized the Worli\ ¥* correspondent, was designed to shuv the American Government, in the persons of diplomatic and con- sular representatives, this achievement of French Those who were present The essential factor in first Americans to see a photograp! shin operation is thi the mirror is no of an American General : . “ iti but vibrates in consonance and clearly ried whit nh by Into a point upon a Linder sensitized The is fastened a sheet photographic its Cd latest , ary paper science. Vibrating Mirror. were the , produced mary across hundreds wires, sending paper -« ated or less inten- eby recording ' and shade Size to pro- axis is a tive For eight minutes the cylinder re faint ticking sound panying its labors. Then it abruptly stopped. was lifted off its carriage. \and taken into a dark room before our eyes, a very fair likeness of Gen. Mangin sprang into being That it wae not perfect was toa certam on the part of ‘the Lyons operators, who were unac- jcustomed to having 80 many distin- tion was “tremendous.” Col. L. H./guished spectators, among them Sen- Brereton. Air Attache of the Ameri- (ator Herriot-—their eminent Mayor— can Embassy, and Lieutenant-|watch them at work Colonel Edward J. Steichen,| Cols. irereton ar chief of the Pho-)” °° Continued on Page Five, Ss of miles of telephone and to with eit a rm: ne ae receive, just as penned by the send- a ’ wig phe og

These miracles were performed Dy eee of be careonnl a transmitting apparatus very sim- a of proesich cage” porn ilar in aspect and to a cyl >» Norman “einai ne ier evo at gee ae gna ang shed a duce the une > 90 —— er tae six simple parts and occupying 4 phetegrape. ewe h lliieg hs. bate table space about three feet squa « the ray p — é raigh bees: cy a A portrait of Gen. Mangin, whit surface, a & oh ages er 7 7 ‘ was the first document transmitted) 8®™8!!'2* 1 paper than when the rays from Lyons, took eight minutes o bit to one side of its objec: send. M. Belin'’s system thus makes it possible to reproduce a photo- graph taken in San Francisco in a volved, a accom newspaper in New York in little Of “Tremendous Valuc.” Deputy Consul-General Ernest L.) Ives, who is in charge of the Amer'i- can consulate here in the absence, on vacation of Consul-General Thack- ara, expressed the opinion that the commercial value of the Belin inven- ule nervousn esr the* w hole | ; ; E. F.'s Air Service, were equally en- | the thusiastic as to its military possi- inland waterways. ge ee ee ee ey ee Mississippi River’s —16 na) ST At A 2 _ ae oe ~ Era Ahead if Its Friends Pres i i i i Its Cause, Asserts Gen. Hines Army’s Chief of Barge Line Operation, Who Retired Recently, Analyzes Its Problems and Tells What Must Be Done to Make It Grow. From the New York -Bureau of the Post-Dtepatch. ae NEW YORK, Sept. 4 6 HE greatest constructive epoch fn the history of the country saw Too: people throw away without compunction and without thought, : one of their finest resources, one of their greatest economies, their annual convention of the Mississippi Valley Waterways Association. Prior to that convention I had the enlightening and educating experience of see ing some of the waterways which the gentlemen of this Association are striving so valiantly to have appreciated and utilized, and it saddened me to see the great rock-faced levee at St. Louis, grass-grown and neglected, I could but visualize the scenes of activity, the hustling commerce of the 70’s which made this levee famous, that brought into being those historic old river steamers of which I had read, and had seen pictured. It certainly was discouraging, awakened as I had been to the wonderful opportunities | which our people have neglected.” ‘which is concentrated the rays of an| | hard | gotten | epend | te | our when | ‘public opinion. There, in readiness | ; ; ' intricate | ; ' ’ ; lof telephone | |} ranging Thus spoke Brig. Gen. Frank T.? leling railroad was always fatal to Hines, recently resigned from the| the water route. United States Army to become vice “All of this time there were men president and chief of operations of) with vision who kept. calling ous the Baltic Steamship Corporation,) danger signals. In the Mississippi with offices in the Woolworth) Valley there have always been ef- building here. Gen. Hines is a com-({ forts made and schemes devised to paratively recent convert to the( make use of the magnificent Mis- urgency of inland waterways de-| sissippi. Boats with telescoping velopment. Like the rest of the) bulls have been invented, schemes army department, Gen. Hines) for ship channels have been pro- than tnt 60. the. eee jected, advocated and abandoned, torture which has passed, and one The railroads were too strong, and of those things is the sad state In the Congressman couragesm which American transnortation| *"@Ush to demand river and hare nhs Maett. As chief of trasanertas bor improvement was put down as tion for the army, he was contin-) * teh 6 — ' ually brought face to face with the’ _. When the constructions 0f am greatest of all problems. working | New York canal was projected, to with insufficient tools, or with none, TePlace the old Erie Canal, there Gen. Hines retired July 29 ieount were advocates a plenty of a ship hee mae techie? of tranapenentian at canal. A 24-foot channel from Buf. the War Department. In that capaci-/ falo to Albany would make Chicago, ty, he wag directing head of the Mis- Cleveland, Buffalo and Duluth sea- sissippi-Warrior waterways, the ma- ports and hold to thig section contrat jor operation of which is the barge over the shipment of the immenss line between St. Louis and- New. Or-} foodstuffs from the West and North- leans. He devoted a great deal of) West. The ship canal enthusiasts time to study of river transportation pod aid howled Gown with the ty, in the Mississippi Valley. Why should New York spend money to make a seaport out of Chicago or Duluth?’ The ship canal was beat- en; a barge line was substftuted. All of this time Canada has been spend- ing dollars where we were spending dimes to develop her inland water- ways, and we saw Winnipeg take away f-om Duluth the crown of be- ing the world’s greatest grain-ship- ping port. We Were Good to Canada. “And Winnipeg stjll holds that honor, as well as the credit of hav- War Found Inland Waterways Unprepared. The beginning of the war, so far as the United States was con-} cerned, found the transportation system of the country, almost wholly by railroad, simply overwhelmed. The docks and railroad yards along the Fastern seaboard were congest- ed with merchandise, unloaded and still on long trains of side-tracked ears, cars for which the materials of war, food and munitions, were) fairly shrieking in the country) world Eve , ‘4 n the t Cea ike conbcard> ha emenal hreat. that tn the oasiblie event of w over cf control .of the railroads by( o sont : ar with England, the Government, and with the rall =e tat d send gunboats through the ae : ‘elland Canal ar transportation id reduce Buffalo, ! ( roads, the water Cleveland, Chicago and other lake lines, brought order out of chaos.) ; , porte to ashes while we were won- but it glidn’t furnish bottoms for, , , dering what we could do about tt water transportation The water/ had no effect On on " . courses were there, but there apage danger does not exist ‘sen a to take advan- now. Aside clusion in its er fhroughout found if the which the developed Americans, I little prone to pity at the on tage of em. age of them ty of such a war, the development of and} porter for the Post-Dispatch, ) fense against such craft as might { } indi. ** , | tut Duluth wae neo cated by the fact that at the ss not the only eul- mt New York itself, as well as our other from launches to large distributed | bounds until most of the insular possessions Without this ») now reaches England via the at. through. In France, too, we' re > , French have so carefully/ ot a neighborhood matter at all. It arm were &®) have been placed at their iat disposal ed France, Belcium and Holland to/( the bordering states along the Mise courses VW e were railroad mad flood, and if any Statiatic lan wants them and rushed our products about ( amount spent in means of preven. tation where from 10 to 20 times greater ; The New Eira Is at Hand. wonderful railroad develop- / the malevolence of the ewollen “How the problem was met railroad artillery wht handled.” said Gen. Hines to a re-/ oom seig y ould furnish owr wtusd A ront cities with adequate de. asked him his views of the future’ {/ come through the r . the inland waterways, “‘is 4 he Welland Canal. con fe ; : rer fro ; sie Chen eles: dene ee rom our lack of water routes. charge 1608 floating baad Atlantle ports, have seen the export 9 lament see commerce of Montreal increase hy arti =a ‘leaps and the country, and Our } ; American grown wheat, that of our Northweste Sitter es water eoesel it ol orth tern estates and Canada, to see how we could have , aurnene amatel e ic IULICL, ; “So you c ; ih. anemh. gute “ae ian use), A cn _ nee that this matter ¢ ‘ - _ my inland rivers and canals waterways development is for. years and years )is @ national matter. Our engineers —“—“o _ ) have done well with the me afraid, ans thas look amused / by the succeeding Congresses Must : : ad " ’ . “ ~ indgment 1. ich prompt of their efforta and the efforta of . , > ‘ | money the hp ve loprre nt ; siasippi have been to hold the river of their relatively small iniand wa- ) within bounds during its periods of lilesme« «] abov e gl) the nations of the) te figure out the saving in the pre world with waterways, we ignored) vention of floods, in ratio to the ona pair of eteel rails at a tranespor- | ton, he will find « tremendous prot. cost that might range any~-\ j¢ en every dollar so spent In that muartier century we made j “Thut w t) ¢ the world sit up and take notice of) ‘sn of. pene ag Is ial when cien Oo simply step ” Zi . zt. ; ment, but we also the world )atream. It is time to tak Avantage sit down and ponder over our short- * acvan rade in negtection, our. riv-' of its benevolent possibilities and ft is a matter of vital concern to every (man, Woman and child in the é¢owme The Days of Railroad Dominion. (try. From one end of the country “Perhaps I should not altogether } to the other there has been an owt- blame the American people as a) Cry against the high coset of living, whole for this The railroad offi. / Commissions without number have clals had a rather stiff hand on the( *tudied the question, and in the end wheel that was guiding the ship of | they have ail put their fingers on If any venturesome \ the one great factor. the cost of dis- individual or group of individuals ) tribution, the cumbersome methods would attempt to develop a water) Of transportation, of loading and un- route that looked as though ft might) loading. It ts not at all a rare sightedness ers , compete with the rail route, the rail- thing. in fact it ls a common thing routes went out of fashion. Brereton and Steichen and) read rates would drop until the( to read of thousands of tons of food competing venture was driven into; supplies here, there and elaewhere, bankruptct’, for, given an equal) fretting through lack of transporta- freight rate, the shipper will matey. j tion. ‘ ally choose the railroad. And #0, “All of this subtracted from the the matter of trying to utilize water (total of production, advances the It had‘ price on the portion that dee been kept up where there was no | through. No one profits railroad a but « paral- is Cemtineed on Page i. i o I went to St. Louis not long ago to address the third ing the greatest railroad yards in the | = ae ey pe > a EN oR ae oe ee a ll. el aay: Ate ae tail itl AO A BN i I Oy ls = A a te te