August 10, 1927 which you might well wish to take and reinvest. "As to your proposed investments, Armour of Delaware is the best of the three. "You have a very fair yield on your capital, and we see no compelling reason for making sales or exchanges. In your circumstances, we would feel that you have now a very good 'back-log' which should not be disturbed. "As to future investments, it is not our policy to suggest specific securities, but we shall be glad to give you any information we can on stocks or bonds which interest you. Have you given thought to any common stock investment trusts? We feel that for the small investor such a trust gives a degree of stability and diversification which cannot be obtained in any other way." ON A PRETTY good little list is suggested by a reader in Virginia. Its character can be judged by our answer: "Studebaker common is one of the best of the motor stocks. The preferred is generally rated as in the investment class. The common is rated almost as high. "United States Rubber common is speculative. It is not a 'wild' speculation; but, on the other hand, it is not an investment for widows and orphans. "Nichols & Sheppard. I presume you refer to the new issue of 10-year 6 per cent notes. We consider these sound. "Standard Oil of New Jersey common. A high-grade investment. "Arundel Mortgage Company. You speak of the bonds. These are well secured, and, in our opinion, of investment grade. As you do not mention any specific issue, we would suggest, if you are contemplating purchasing, that you examine carefully the provisions of the issue that interests you." Free for All Stamps and the Air Mail N page 273 of the June 29 issue you state: "For the first time, also, authorized and official mail across the Atlantic by airplane will be carried by the America." I would point out that this statement is incorrect. Probably some philatelist near home will have drawn your attention to the error, since the stamps used by the Alcock-Brown mail have already become quite valuable. The several authorized and official mails, to my knowledge, commenced with the heroic attempt of Messrs. Hawker and Grieve, who left here on May 18, 1919, both of whom dropped into the Atlantic and were rescued some distance off the coast of Ireland. This was followed within a month by the successful accomplishment of Messrs. Alcock and Brown, who left here on June 14, 1919, and reached Ireland sixteen hours and twelve minutes afterwards. On May 23 of this year Pinedo left Trepassey, Newfoundland, for Rome, Italy, via the Azores, calling at Madrid and Lisbon, and reached Rome on June 22, carrying some three hundred letters. As a subscriber of your paper, I thought you would be interested in having your attention brought to the error referred to. Considerable local flying with mails from points within Newfoundland were made by Major Cotton and Captain Bennett in 1921 and 1922, with mails from Botwood, Newfoundland, to Cartwright, Labrador; March 30, 1923, stops were made and mails dropped at St. Anthony and Battle Harbour. This trip was made in midwinter and a severe blizzard and snow-storm was encountered. The return trip was made in seven hours, only five of which were on passed in actual flying. The machine was Three sacks of mail were brought from I, personally, have business interests fifty, two hundred and fifty, and three hundred miles apart, all of which have lakes and dams near by, and I am looking forward to the advent of a practical and economical commercial seaplane. St. John's, Newfoundland. T H. MACPHERSON. Bullets of Gold HAT article "The Red Man and the But as to gold, its presence in that re- Brooklyn, New York. you desire unquestioned safety of principal, you want SMITH BONDS. For over half a century this House has continuously and successfully served First Mortgage investors and never more faithfully than it serves them today. Its first thought has been and is the interest of its clients, protecting their principal and providing as high rate of income as is justifiable. While following this policy this House has developed safeguards to which it strictly adheres. Let us tell you about them Ask for Booklet "6-40" Our Mail Service Department No matter where you may be you can avail yourself of the Mail Order Service of our Home Office in Washington, D. C. Your investments and inquiries will be given the same personal, efficient and courteous attention you would receive if you called at one of our offices. The F. H.SMITH CO. Founded 1873 For Investors The Outlook's Financial The Outlook's Financial THE OUTLOOK 120 East 16th Street, New York Glory o' the Dawn 66 A story that will stir the hearts LORY O' THE DAWN," by Harold Trowbridge Pulsifer, a story of singular beauty, is told with a quiet impressiveness suggestive of Hawthorne. In the once flourishing Maine port of Middlehaven Caleb Gurney, stone-mason, ship-builder, and maker of models, gave years of his life and all the passion of his soul to recreating in miniature "Glory o' the Dawn." It was not merely a ship model that he fashioned, but a symbol of past greatness. The splendor of those ships which once carried New England's fame through all the seven seas lived again in the moving beauty of the model. The Savor of the Sea The San Francisco "Journal" says: "This little story is one of remarkable beauty and strength." The Boston "Globe" says: "It is a rare occasion in the world of books when such a little gem as this is born." The New York "Herald" says: "Mr. Pulsifer has compounded the pathos and humor of this text into a pleasing mixture." The "Public Ledger" says: "Mr. Pulsifer has molded his prose to the same sensitive craftsmanship he has given to the shaping of poetry." An Autographed Copy for You! Mr. Pulsifer has kindly volunteered to autograph special copies of this book for those who accept the offer which appears below. The offer is limited, however, to subscribers of The Outlook. Simply mail the coupon today. Send no money now. Attractively bound in blue cloth with silver stamping, printed on heavy paper. "What is the rent of this room, including the piano?" "Well," suggested the landlady, "perhaps you'd be so good as to play me something first." Here lies my body which after sixtynine years left me on the 30th April 1925 I was the youngest son of William who was the youngest son of William Bryans a merchant and magistrate in Liverpool and of Sophia who was the youngest daughter of John Lonsdale a Bishop of Lichfield I married Louisa the youngest daughter of Richard Richardson of Capenhurst Hall Chester I was educated at Haileybury College and at Pembroke College Cambridge For ten years I made tea in India For two I made wine in France For thirty I made stained glass windows in England and bad puns all the time I asked my dear wife to put up this stone and my beloved children to keep it tidy. May the Lord have Mercy on my Soul Herbert William Bryans. From the Dartmouth "Jack o' Lantern:" "Rastus, what's an alibi ?" "Dat's provin' dat you wuz at a prayermeetin', whar yo wasn', in order to show dat yo wasn't at the crap game, whar yo wuz." "What's all that racket down there?" "A man just turned a corner." "Well?" "Oh, there wasn't any corner." The moving-picture exhibitors are trying everything to keep up attendance in the summer-cooling plants, free lemonade, souvenirs. Some one should suggest that they try good pictures. Sandy Junior: "Ye promised to gie me saxpence if I was top boy at school. I've been top boy for two weeks running." Sandy Senior (reluctantly): "Well, here's a shilling, but ye must give up studying so hard-it's not good for ye!" Traffic officer: "Hey, there! Where d'you think you're going? Don't you know this is a one-way street?" Mr. Cohen (in his new car): "Vell, I'm going vun way. Vat's de matter mit you?" Visitor: "Nothing stirring on the cam much. You may send me my copy of "Glory o' thepus, I see. Vacation is on?" Student: "Not Dawn," by Harold Trowbridge Pulsifer, specially autographed by the author. Upon receipt of it I will pay the postman $1 plus a few cents for postage. If I am not satisfied for any reason, I will return it at your expense with the understanding that you are to refund the money I have paid. The crew has gone to Billowpoint, the baseball team is on the Southern trip, the track squad is trimming everything in the West, and 90 per cent of our faculty is attending scientific conventions abroadthe highest percentage of any American university." "I don't know what the modern youngsters are coming to. My office boys persistently whistle while they work." "You are fortunate. Mine just whistle." This limerick was a favorite of the late Was not much of a sight, Claude Kinsella, of Crookston, Minnesota, is trying to gain fame and fortune by setting a new non-stop onion-eating record. On his last reported attempt Claude consumed fifty-two onions at one sitting. From the Boston "Transcript:" "What! Has he had his vacation already?" There are 500,000 tobacco dealers in the United States and 2,500 book-stores, says the Literary Guild of America. From the "New Yorker:" The inventiveness of school-children or the renowned alibis of office boys during the baseball season must pale before the latest tale of a chorus girl's creative imagination. The stage manager of a current Shubert production the other day received a note from one of the chorus ladies reading thus: "Please excuse me for not attending today's matinée, as I am sick in bed with a bad attack of typhoid fever. However, I will positively be around for to-night's performance." Dr. William H. Vail, of Newark, New Jersey, sends in the following climatic remedies: The brewers should to Malta go, The little squalling, brawling brats, Should be packed off to Baby-lon, From Spithead cooks go o'er to Greece; Spinsters should to Needles go, Wags at the Bay of Fundy. Musicians hasten to the Sound, Lovers should hasten to Good Hope; Hie, bachelors, to the United States, Let gardeners go to Botany Bay, Thus emigrate, and misplaced men Answer to last week's puzzle: American cities transposed: Washington, Mobile, Providence, Raleigh, Chicago, Topeka, Newark, St. Paul, Brooklyn, Galveston, Albany, Lima, Salem, Detroit, Baltimore, Boston, Hartford, Columbus, Louisville, Atlanta, Worcester, Newport, New York. "Conservation of Time" is needed by men in every department of business in the New York Market. "How long will it take to get there?" has replaced the question "How far away is his place of business?" Distance is just one of the many things now measured in terms of time. Time is of paramount importance in building up distribution in this great labyrinth of streets called "New York"... this huge jumble of neighborhoods where countless communities depend for their supplies upon merchants well known to each section but buried to the world at large. BUSH DISTRIBUTION SERVICE 1. Freight cars taken over The cost of reaching these thousand and one destinations is a matter of time. . . time that can be saved by specialized, intimate knowledge of routes with the least traffic resistance, routes taking shortcuts, routes pre-determined by traffic experts. Bush Traffic Experts have charted the New York area into six zones. Each zone has been studied, its arteries of travel an 3. Special inspection of 4. Immediate release of 5. Automatic, stock rec- alyzed, the one quickest way found for reaching any given destination. These routes of the Bush Trucks mark the lines of least traffic resistance... the quickest distance between any two points. dise to any point in Greater New York in shortest time possible. 7. Open Stock Service includes unpacking cases, stocking merchandisein special compartments according to size, style and type of product, and assembling merchandise for assorted orders. Six fleets of Bush Trucks service these six great zones... each zone an open book to the Bush servicemen, trained and guided by traffic experts to make their daily rounds with the precision of clockwork. These Bush Trucks thread their way from point to point, follow carefully plotted orders checked and rechecked by the Bush Traffic Department so that all Bush-serviced merchandise will arrive on time. SS What is the relation between marriage and success, large families and fame? There's a scientific, authoritative analysis of the biographies listed in "Who's Who" in next week's issue of The Outlook which punctures many popular beliefs concerning the marriages and children of America's leaders. It is a proved denial of the time-honored maxim that "He travels fastest who travels alone." Published weekly by The Outlook Company, 120 East 16th Street, New York. Copyright, 1927, by The Outlook Company. By subscription $5.00 a year for the United States and Canada. Single copies 15 cents each. Foreign subscription to countries in the postal Union, $6.56. HAROLD T. PULSIFER, President and Managing Editor ERNEST HAMLIN ABBOTT, Editor-in-Chief and Secretary The Cutlook is indexed in the Readers' Guide to Periodical Literature THE OUTLOOK, August 17, 1927. Volume 146, Number 16. Published weekly by The Outlook Company at 120 East Volume 146 The "Jennies" Take Another Victim "L IEUTENANT C. A. PEARSON, who was killed when his plane crashed here yesterday, was piloting a 'jenny' ship of the type recently condemned by the Army as obsolete, officers investigating the accident said to-day in reporting engine trouble as the apparent cause." So reads an Associated Press despatch of August 1 from Wichita, Kansas. "Lieutenant O. W. Luthey, navigator, who was injured, was said to have a chance of recovery." The fall was from a height estimated at 500 feet, just after the take-off. These “jenny" planes are of the type in which Captain Curtis Wheeler and Lieutenant Carl Sack, of the New York National Guard, lost their lives on July 6 in maneuvers at Pine Camp. An Army order, issued in April, called for the scrapping of these wooden planes by September 1. Yet it is denied that the order necessarily means that they are unsafe. The Outlook, in commenting on the Pine Camp tragedy, urged immediate retirement of these planes before they should take more lives. One way to scrap them, of course, is to keep on flying them until they all crash and kill or maim the men in them. Aid to Aviation Abroad "I MPERIAL AIRWAYS" is the title by which the associated British commercial aviation services are known. Interesting figures in a recent number of the European "Economic and Political Survey," published by the American Library in Paris, show the extent of Government aid contributed to their support and development. In 1924-5 the total of subsidies was nearly £140,000roughly, $700,000. In 1925-6 it was nearly £150,000, or $750,000. For 1926-7 the estmate runs to over £180,000, or $900,000. In France General Boucabeil, President of the French Committee for Aeronautic Propaganda, has issued a public protest against the governmental tendency to give attention to perfection of military planes and to fail to support the building of commercial planes. He points to the record of German aviation August 17, 1927 as evidence that across the border this error is avoided. Perforce, under the peace treaties, the Germans have had to abandon military building and concentrate on commercial craft. The result is that they hold all records of altitude and flight with useful loads as distinct from records for speed or distance or extreme altitude. And lately we have had news that two big German steamship companies, the North German Lloyd and the Hapag, have undertaken plans for regular passenger, mail, and freight service between Germany and the United States. The Reichstag, it is understood, will be asked for a parliamentary appropriation. These considerations give Americans cause for serious thought. It is unlikely that the progress of aviation in the United States will take the direction of public subsidies. But it is important that an adequate share of our abundant private capital be devoted to airway enterprises. We have been proud of the feats of our aviators. Now we must take care not to leave it all to Lindbergh. Trouble in the Air Τ TWO wo American magazines contain in their current issues articles that should be read for comparison. Both are about the famous voyage of the Norge to the North Pole and on to Alaska. General Nobile contributes to the "National Geographic Magazine;" Roald Amundsen, to the "World's Work." The readers of the Nobile article will find a vivid and beautifully illustrated account of the great air-ship's journey; but one thing they will not find-and that is any mention of the fact that a man named Amundsen was aboard. True, the author does mention the Amundsen-Ellsworth expedition of 1925, which failed; true, he does admit that Captain Amundsen "asked to meet me; but otherwise the name does not occur. Possibly he means Amundsen when he says "we carried on the front of our commander's cabin the 'fascio littorio' symbol of the old eternal Rome and of the new Italy," but one doubts it very much. Why this omission? We turn to the "World's Work," and find that Captain Amundsen's article is called "The Rows Number 16 Aboard the Norge," with the sub-title "The Explorer Complains that Nobile Nearly Wrecked the Airship over the Arctic, but Tried to Seize the Honors." That it is plain-spoken may be seen by one quotation: "How preposterous is the claim now brazenly sought to be established by the Italians, that Colonel Nobile conceived and engineered the Norge expedition, or that he had any other useful function in it than that of pilot of the airship." Readers will regret the dispute that has been in the air so long and has now burst into flame in the magazines. To put two masterful, ambitious, patriotic men, with different standards and temperaments, into one expedition was a hazardous experiment. Nobile will doubtless reply to Amundsen, and we may have to summon a special jury of geographers, airmen, and explorers to settle the dispute. The expedition was headed by Amundsen (Norwegian) and Ellsworth (American). The airship was bought by them from Italy. Nobile was engaged as pilot and captain or skipper; the command was with Amundsen and Ellsworth; the expenses were paid from money contributed by Mr. Ellsworth, the Italian Government (Nobile states that Italy paid a third), the Aero Club of Norway, and from the sales of "rights." It is perfectly natural that Italy should have felt a special interest in the Norge and in Nobile, but that the expedition was an Italian undertaking does not appear. If Amundsen's tale is accurate, the real heads of the expedition were subject constantly to petty maneuvers on the part of Nobile to magnify his authority. If our readers want to see an amusing instance of two ways of looking at the same thing, let them compare the two accounts of the throwing out of the national flags at the North Pole. A comparison of these accounts with the photograph of the flags on the ice makes one feel that both Nobile and Amundsen were rather flamboyant in their account of the Italian bunting-the first naturally so, the other in humorous exaggeration. Byrd and Lindbergh could, we verily believe, get along beautifully in one |