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For Emergencies Take precautions when the accident occurs. The germ is mightier than the sword. -- Keep New-Skin on hand

and use it promptly, as directed.

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HE successive increases in eastern freight rates since 1914 of 5%, 15%, 25% and 40%, and corresponding advances in

express rates, have figuratively removed New York eastward into the Atlantic Ocean some 1,500 miles, as measured by the present carrying charges to the Middle West.

Slow rail service has doubled and tripled the time in transit, making long-haul distribution economically impossible and consequential interest charges excessive.

While the raw materials and markets of the Mississippi Valley, Middle West and Far West have been further removed from the long-haul eastern manufacturer, they have been drawn closer to the short-haul St. Louis manufacturer.

The relatively better transportation service enjoyed by St. Louis industries is a big factor in economical production and distribution. Nine-tenths of the railroad embargoes during and since the war, so costly to industry, were placed because of freight jams and blockades in the East, where there is one-third of the population of the country and only 17% of the railroad mileage.

The per capita inefficiency of industrial labor has been, and is, greatest in the congested eastern sections, and is in ratio with the decrease in efficiency of transportation.

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A Mid-West Factory in St. Louis

Dont let baby scratch

commands the advantages of short-haul and better service via 26 railroads at low relative charges to more than 60% of the country's buying power-and real choice between all export routes. Mississippi River service at 80% of rail rates.

The central location of St. Louis is as if "made to order” for present and prospective economic conditions.

Teethingrash, prickly heat, chafIng—these are a few of the trying skin ills which make baby fretful and keep anxious mothers busy trying to soothe the torment.

RESINOL OINTMENT is the very thing to give quick relief Try it and note how soon baby's fretful crying stops as this gentle, cooling ointment reduces the itching and burning.

Resinol Soap for baby's hair keeps it soft and silky. Atall druggisis.

The booklet "St. Louis as a Manufacturing Center" tells an
interesting story. A letter will bring it, if addressed to

Director New Industries Bureau
St. Louis Chamber of Commerce

St. Louis, U. S. A.

Resinol

THIS WEEK'S OUTLOOK

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A WEEKLY OUTLINE STUDY OF CURRENT HISTORY

BY J. MADISON GATHANY

SCARBOROUGH SCHOOL, SCARBOROUGH-ON-HUDSON, N. Y.

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open door

The “Open Door”

"

Executive work in the spirit of co-opera

tion?
WH

HAT is meant by the “
principle ? Under what circum-

Has Mr. Harding's course since the elec

tion justified the overwhelming majority of
stances in 1900 did John Hay proclaim

votes cast for him ?
this principle regarding China ?
What is the meaning of a mandate and

If you care to pursue further the points
a mandatary power as used in this editorial?

raised in this study, consult the following What, in your opinion, is the significance

books in the order given: “ Constitutional

Government in the United States," by
of the mandatary principle in international
politics?

Woodrow Wilson (Columbia University
What right had the League of Nations

Press); “The Federal Executive," by J.

P. Híll (Houghton Mifflin); “Principles to grant special privileges to Great Britain

of Politics," by J. W. Jenks (Columbia in Mesopotamia? Have we as much right University Press); “ American Political in Mesopotamia as Great Britain ? Wliat

Ideals,” by C. E. Merriam (Macmillan). l'easons have

you
for

your opinion ?
Do or do
you not think that “peoples not

Liberal Movements in Modern
yet able to stand by themselves should
be placed under the tutelage of advanced

Japan nations? If you do, to what extent would you say such peoples shonld have a voice

What comparison can you make be

tween the course of liberal movements in in matters of vital concern to themselves? Does or does not the question of the

Japan and the course of similar move

ments in your own country? in Mesopotamia indicate that

Would or would it not have been better the United States should be a member of

had Japan remained distinctly Oriental? the League of Nations?

It is evident that class distinctions in
Has Secretary Colby gone too far in his

Japan are undergoing change. How impor-
answer to the note of August 9 from Earl
Curzon? Discuss this question somewhat

tant do you consider the breaking down of

such distinctions as necessary to the develat length. What reasons have for thinking that

opment of democracy? Can you show how you

democracy has been advanced in Japan ? what Secretary Colby said in his note will

What is the meaning of the term liberincrease or decrease international good will? How do you define the following terms:

alism as used in this article by Professor

Ukita? He believes that there are comMesopotamia, exploiting, concessions,

mon enemies of liberalism everywhere. Cquitable treatment, diplomacy.

Who and what are they?
A specially valuable book to read in

Define with care the following expres-
connection with international policies and
politics is
“ World Politics,

sions : Cosmopolitanization, Occidental, by Paul

innovations, bureaucracy, feudalism, BuReinsch (Macmillan).

shido, capitalism, prerequisite, manhood Senator Harding’s Valedictory

suffrage.

Here are four valuable books on Japan : Have you any suggestions to offer to “ Modern Japan,” by A. S. & S. W. HerThe Outlook as to “ what circumstances shey (Bobbs, Merrill); “Japan in World and what tendencies in American thought Politics,” by K. K. Kawakami (Macmillan); have kept the Senate from becoming a “Japan Foreign Policies," by A. M. Pooley training ground for Presidents”? Would (Dodd, Mead); “Democracy and the it be well for us to look to the Senate for Eastern Question,” by T. Millard (Century). Presidential nominees?

Unquestionably there are a great many President Wilson's Final Message; people in the United States who regard the Senate as an oligarchy. Senator Harding

The Duty of Congress holds decidedly to the contrary. Do you

Do
you

think President Wilson defined agree with the President-elect? If you democracy very well in his last annual don't, how could you prove to him that he Message, summarized on another page ? is in the wrong?

Would you define it differently? Can you give specific reasons why Con- Do you think of any important legisgress should make the three remaining lative matters which the President failed months of the present Administration to recommend? If so, what would you say “fruitful rather than wasteful months”? to Congress about these matters ?

Do or do you not think the members of What is your opinion of granting indeCongress should ever use their positions pendence to the Filipinos ? and Congress to serve party ends? Do What do you think of the duty of Conyou know of instances where this has been

gress as suggested by The Outlook on true of any of them?

another page?
What responsibilities belong peculiarly What would be the value of a National
to the Senate? To the Executive? To the budget system?
two branches jointly ?

What, in a few sentences, is your opin-
Can

you show by concrete illustrations ion of Mr. Wilson as President?
drawn from American history since 1916 In answering some of the questions in
how necessary it is that Congress and the this study you will find “The Builget and

Responsible Government,” by Cleveland 1 These questions and comments are designed not only for the use of current events classes and clubs,

and Buck (Macmillan), and "Woodrow debating societies, teachers of history and English, Wilson and His Work,” by W. E. Dodd and the like, but also for discussion in the home

(Doubleday, Page) and “The Peace und for suggestions to any reader who desires to

Tangle," by John F. Bass (Macmillan), study current affairs as well as to read about them. -THE EDITORS.

three suggestive books.

INGERS, Public

Speakers, and thousands of others who use their voices in public have come to find a handy and very efficient help in BROWN'S BRONCHIAL TROCHES

For over seventy years these tablets have been serving faithfully in rclieving sore throat, hoarseness, coughing, loss of voice, bronchial and asthmatic troubles.

Not a confection, but a genuine remedy. Contain no opiates or other harmful ingredients, hence are especially fine for children, as even a small piece will relieve a cough or sore throat.

May be carried in a vanity case or vest pocket and taken any time, anywhere. Bring surprisingly quick relief and have a wonderfully soothing effect upon irritated membranes of mouth and throat. Four sizes, 150, 350, 750 and

$1.25. At all druggists. John I. Brown & Son

Boston, Mass

General Sales Agents HAROLD F. RITCHIE & CO., Inc

New York-Toronto SAFE

HANDY DEPENDABLE

66

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BROWN

TROCHES

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seen

Five Quick Effects

When You brush teeth in this way

JE RAINBOW IN THE
FINANCIAL CLOUDS

BY THEODORE H. PRICE
2 an Address delivered before the City Club

of Cleveland, December 4, 1920) HEN I came to look into my subject I was surprised to find that very

little is really known about rain- even by the scientists.

The wonal story in Genesis tells how when Celuge had subsided the Lord promthat “when I bring a cloud over earth the bow shall be

in cloud” as his guaranty that “the -s shall no more become a flood to deall flesh.” But upon turning from Bible to a book upon. “ Geometrical

" I learned that, while it was a fact he sunlight was decomposed as it through the spherical raindrops, no cactly understood why, and that the Cary rainbow which sometimes en

the more vivid and primary bow was arder for the physicists to explain. know that white light passing through

is resolved into seven primary and -one secondary colors, but this is ell we know with certitude, and the y that Newton and, his successors ed in explaining just why the same This new way of tooth brushing ollows the passage of the sun's rays brings five desired effects. Some are

the spherical raindrops inclines immediate, all are quick. A ten-day me skeptical to accept the Biblical

test, which costs you nothing, will - conclusive.

clearly show you what they mean to the first thing to observe in this that there can be no rainbow with- you. loud. The world had been sub

Leading dentists everywhere adin the flood. Noah and his com- vise this new-day method. Millions the ark alone survived, and when now employ it. You see the results

had subsided immunity from an- in glistening teeth wherever people luge was vouchsafed to mankind

gather. Now let your own teeth show ainbow.

them. 10W there are some who are precommercial and financial deluge

You must fight film engulf the world. A German has Brushing does not save the teeth if a book entitled “ The End of

you leave the film. That's why wellCivilization,” in which it is as- brushed teeth so often discolor and at the history of the dark ages decay. o repeat itself in Europe and that

Film is that viscous coat you feel. will shortly revert to barbarism, pre terrible by the use of the

'It clings to teeth, enters crevices and ling machinery developed during

stays. The ordinary tooth paste does

not end it, so very few people have mplete breakdown of the world's escaped its damage. organization is also predicted by

choose to take a gloomy view of e. It is prophesied that the alreciated currencies of Europe will Pepsodent quickly proves itself. tirely worthless and that primi- The results are unique and conspicu- will shortly be the only method

ous. And a book we send tells what business can be conducted.

each one means. ere is some basis for this expec

One ingredient is pepsin. Another -ecially in the countries whose ey is worth less than five per

multiplies the starch digestant in the par value, is to be admitted; but

saliva, to digest starch deposits that be a new experience, and civil- cling. The saliva's alkalinity is multi- has in the past survived equally plied also. That to neutralize the ks to its economic machinery. acids which cause tooth decay. ainly the cloud is overhanging Two factors directly attack the -e a bow to be discerned in it

film. One of them keeps teeth so egative the pessimistic prediceluge that are to be heard in so ers ?

answer is, Yes—the bow is can but see it. Some of us are, olor blind, and cannot see a The New-Day Dentifrice thers have been so dazzled by

A scientific film combatant comght of prosperity that shone less days of high prices that

bined with two other modern requiis really impaired, and still

sites. Now advised by leading denare who are always depressed tists everywhere and supplied by

and do not understand that all druggists in large tubes. S necessary as sunshine and

[graphic]

It is the film-coat that discolors, not the teeth. Film is the basis of tartar. It holds food substance which ferments and forms acid. It holds the acid in contact with the teeth to cause decay.

Millions of germs breed in it. They, with tartar, are the chief cause of pyorrhea. So dental science has in late years sought ways to fight that film.

Scientific methods Efficient methods have been found. Able authorities have proved them by many careful tests. The best dental opinion endorses them.

These methods are combined in a dentifrice called Pepsodent. And to let all know its benefits a 10-Day Tube is being sent to everyone who asks.

A 10-Day test is free

e

highly polished that film cannot easily adhere.

Pepsodent twice daily attacks the teeth's chief enemies.

Send the coupon for this 10-Day Tube. Note how clean the teeth feel after using. Mark the absence of the viscous film. See how teeth whiten as the film-coat disappears.

The results in ten days will amaze and delight you. Make this test now. Cut out the couponso you won't forget.

509

Pepsodent

10-Day Tube Free

е

THE PEPSODENT COMPANY, Dept. 124, 1104 S. Wabash Ave.,

Chicago, Ill. Mail 10-Day Tube of Pepsodent to

Only one tube to a family

Superior

“A Cup

A of Cocoa"

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WEBSTER'S COLLEGIATE DICTIONARY

Third

Edition Largest abridgment of the famous

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rules for Latin and Spanish, Rules for SPELLING difficult words, plurals, etc.

ICH Supplemental Vocabularies of practical

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1248 Pages. 1700 Illustrations. Thin-Paper Edition de Luxe, Size 6x87-8x11-2in. Art Canvas,dark blue, marble edge, indexed, $5.00 Fabrikoid, rich dark brown, gilt edge

600 Full Leather, black, gilt edge

7.50
Order from your bookseller or direct.
G. & C. MERRIAM COMPANY
Springfield, Mass.

Mention Outlook

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Baker's Cocoa

THE RAINBOW IN THE FINANCIAL

CLOUDS (Continued)
that for most of useternal day would mean
eternal death.

But if we look hard enough the bow will
become visible, and as we:gaze upon it we
shall discover many analogies between the
white light of the sun as it is resolved into
its component colors in its passage through

the raindrops and the white light of prosis good at any hour of the day perity that is decomposed as it penetrates

the clouds of the present depression. SULTEZ

For prosperity, like light, is composed of many elements. It is a compound of material, labor, capital, transportation, intelligence, economy, and expenditure. These

are its primary colors, but, as in the rain-
LA BELLE CHOCOLATIERE

bow, many secondary colors are produced
as labor converts material into what men
require, and capital and transportation dis-
tribute the resulting product to those who
by intelligence and economy have become
able to purchase it, and so complete the
circle around which production and con-
sumption forever follow each other.

But we know that the white sunlight
contains seven colors in certain propor-
tions, and that any variations from these
proportions indicate abnormality. And so
the rainbow that is visible through the
clouds of business depression to those who
are intent upon seeing it may have its
practical uses.

While it is a guaranty against the complete submergence of a deluge, it may show

that the prosperity from which it is reis especially good in the even- solved was abnormal or defective in that it

did not contain the requisite elements in ing a short time before re

their proper proportion. And here, to tiring. Its flavor is delicious, leave the metaphorical and get down to

realities, is the chief value of such reits aroma most attractive, and

actionary periods as the present. They it is conducive to restful sleep

provide us with opportunity and time to

examine and analyze policies and processes without being in any sense and ascertain wherein they have been of the word, a narcotic.

wrong.

In our previous prosperity we may have Absolutely pure and whole- used too much or too little material, labor,

capital, or transportation, and we may some,

have been mistakenly economical, unduly Booklet of Choice

extravagant, or less intelligent than necesRecipes sent free

sary in the management of our business.

It is generally admitted that there is an Walter Baker & Co. Ltd.

outrageous waste of material in America.
Established 1780

I am told that in our use of coal nearly
DORCHESTER, MASS.

ninety per cent of its potential energy is
wasted, and I know that in the textile
industry the waste of cotton from seed

to' loom is fully twenty-five per cent. THE LUXURY OF

I should say that the waste of raw PERFECT FRUIT

material in American industry averages

fully thirty per cent. Not all of this is reADDS CHEER TO THE HOLIDAY SEASON Like plucking fresh, luscious fruit in your own

claimable, but a large portion of it can be

saved by those who are willing to introINDIAN RIVER ORANGES and GRAPEFRUIT

duce scientific methods and machinery. mean. If you've never tasted ripe-picked oranges and grapefruit ours will be a rare treat. Delivered in quanti- And as to the labor element. Well, we ties to suit family needs. Prices moderate.Ask for details. Victoria Citrus Groves Company

have a long way to go before we can even
Cocoa, Indian River, Fla.

glimpse the addition to our wealth that
would result from the intelligent utilization

of human labor. Employer and employee, FIRST FARM MORTGAGES those who work with their heads and those AND REAL ESTATE BONDS in solving the problem, for the only way that

who work with Secured by Crop Producing Land

the war's cost can ever be paid is by making and Netting 6%, 612%, and 7%

it possible for one man to produce as much

in the future as two did previously.. Each year sees land reaching a higher value, as our growing population demands more food. Well

It was the invention of the steam-engine and the power-driven labor-saving machinery that followed in its train that enabled

Great Britain and Continental Europe to to any client. Write to-day for descriptive pamphlet

pay the expenses of the Napoleonic wars,

and it is only by increasing our collective E. J. Lander & Co.

earnings through the invention and intro

duction of labor-saving machinery and Grand Forks,

[graphic]
[graphic]

AND HISTORICAL TABLETS

REED & BARTON, TAUNTON, MASS.

ONK BANKING

Tells of the great opportunities in this attractive profession, and how you can learn by mail in spate time. Send for copy at once. No obligations

EDGAR G. ALCORN. Pres. American School of Banking, 66 McLene Bldg., Columbas, o.

Training for Authorship

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How to write, what to write,

and where to sell. Cultivate your mind. Develop your literary gifts. Master the art of self-expression. Make your spare time profitable. Turn

your ideas into dollars. Courses in Short-Story Writing, Versification, Journalism, Play Writing, Photoplay

Writing, etc., taught personDr. Esenwein ally by Dr. J. Berg Esenwein, for many years editor of Lippincott's Magazine, and a staff of literary experts. Constructive criticism. Frank, honest, helpful advice. Real teaching

One pupil has received over $5,000 for stories and articles written mostly in spare time—"play work," he calls it. Another pupil received over $1,000 before completing her first course. Another, a busy wife and mother, is averaging over $75 a week frona

photoplay writing alone. There is no other institution or agency'doing so much for writers, young or old. The universities recognize this, for over one hundred members of the English faculties of higher institutions are studying in our Literary Department. The editors recognize it, for they are constantly recommending our courses.

We publish The Writer's Library, 13 volumes: descriptive booklet free. We also publish The Writer's Monthly, the lead. ing magazine for literary workers; sample copy 20 cents, anual subscription $2.00. Besides our teaching service, we offers manuscript criticism service,

150-Page illustrated catalogue Iree. Please Addra The Home Correspondence School Dept. 58, Springfield, Mass.

placed farm mortgages on Middle West farms are the most dependable of securities.

People who look first for safety and peace of mind invest in them.

For more than 37 years we have been handling investments of this kind, without the loss of a dollar

"S" and list of offerings.

processes that we can hope to amortize,

INCORPORAT LD 1904 0_0_0_0_0_1

ESTABLISHED 1883

North Dakota

ESTABLISHED 1897

00_0

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THE RAINBOW IN THE FINANCIAL

CLOUDS (Continued) without discomfort and distress, the war debt under which we labor. Upon the relation of capital to prosperity volumes might be written. My own opinion is that the waste of capital is almost as great as the waste of labor. Some of us use too much capital or Eturn it over too slowly. Others do not have enough and pay extravagant prices to make up the deficiency when their need is acute.

All of us waste capital by carrying an unnecessary amount of money in our pockets, tills, and other places where it is idle and unproductive. I was speaking to a company of ninety men in Dallas, Texas, a month ago. At my request, they counted up the money they had with them. It amounted to nearly $2,700, almost $30 reach. None of them required anything like such an amount, for nearly all their purchases were made on credit. I told them so, and pointed out that they ought to put the money in bank and so help to relieve the scarcity of credit .of which they and every one else in Texas was complaining.

And then there is the waste of capital that results from keeping eight billions of gold tied up in idleness as bank reserves. Our Federal Reserve banks alone hold two billions of gold as a reserve. If it were in circulation, it would earn at least one hun- dred millions a year in interest, to say nothing of the stimulus to business that it would furnish.

I know that the belief that the banks ought to keep a gold reserve is so sacro

sanct to some that it seems almost blasphemous to question it, but we shall some day come to understand that wealth-producing or consumable property is the only reserve worth having, and that the value of gold is traditionary rather than real. That we have made some progress in this direction is indicated by the fact that we Chave sold twenty-five billion Liberty Bonds without providing that a dollar of gold ret serve shall be held against them. We insist, nevertheless, that the Federal Reserve banks shall keep forty per cent in gold against the three and a half billions of Federal Reserve notes outstanding.

There are many other ways in which capital is wasted or inefficiently employed. Taxation, Government expenditure, and an unwillingness to insure are some of them. Just to touch on insurance. Every one realizes that. he ought to insure his life for the benefit of his family and his property against destruction by fire, but most Inen are so neglectful of this duty that the insurance companies have to employ agents to whom they pay hundreds of millions yearly to persuade people to insure themselves. In the fire insurance business alone the resulting increase in the cost of the indemnity provided is about $250,000,000 a year, which could be saved if insurance were obligatory.

In the life insurance business the waste of capital from the same cause is of course much larger, but I have not had time to calculate it. Then there is the unnecessary fire waste due to carelessness. No one knows exactly what it is. Some say $200,000,000, but we shall probably be well within the mark in assuming that our in

companies could save a billion dollars a year if insurance were obligatory and unnecessary fire losses were avoided.

Of our waste of transportation we ought to be ashamed. Why, I know, and I expect you know, of a certain article that makes four journeys between New England and

[graphic]

It doesn't take a Jules Verne to imagine the time when our present-day fuel will be gone.

But there is nothing frightful in the prospect. Already the world's engineering brains have cast ahead and discovered a new fuel in rain drops and dew fall—water power.

Nor is this source of power a hazy dream of the future. It's here.

In California, for example, 942,000 hydroelectric horsepower are right now turning wheels, lighting cities and harvesting crops.

In the United States as a whole there are 9,000,000 hydro-electric horsepower actually at work—and this is but fifteen per cent of our available supply.

It is to the other eighty-five per cent we must look against the day when coal and oil are museum curiosities.

Just how soon hydro-electric development will come to any community must depend on local conditions—such as how long the coal supply there can advantageously compete with water power.

But in the many places where coal is scarcely to be had, sane common-sense thinking about the relative economy of water power will hasten its coming—to the common good.

We should all understand that water power is not the interest of any particular business —that it is not a political issue, but a great economic one which affects us all.

So its support must come from the people, whose money will be needed to finance it. And rightly so.

Conservation of our national resources is one of the first benefits of water power development. The preservation of forests, the avoidance of floods, the irrigation of arid lands are part and parcel of this program.

Truly, unharnessed water is a national possession which goes to waste as long as we do not use it—and in this day of inadequate production and the high cost of living, any waste is an economic crime.

a

Published in the interest of Electrical Development by an Institution that will be helped by wchatever helps the

Industry.

Western Electric

Company

surance

No. 11 The Western Electric branch in your

city is one of more than forty similar organizations distributing electrical products of all kinds, through retailers to the general public and direct to industrial users. Western Electric service is within your reach wherever you may be situated

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