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ICH as is her historical background, the story of New England's industrial achievements is of far greater import. The birthplace of most modern commercial enterprises, after three hundred years of competition, she still merits her title, "the workshop of the nation." Maine, for instance, ranks high among the states in the production of fine writing papers; Connecticut, highest in the manufacture of clocks, firearms, silverware, fine tools. Massachusetts produces shoes for more than half the people in the country; Vermont yields 70% of all the monumental and decorative marble. Rhode Island is fifth in the manufacture of cotton goods, while New Hampshire is famed for its granite quarries and textiles.

Today, no one section combines, as does New England, the natural resources

of water power and raw materials with the advantages of a skilled labor market, transportation and terminal facilities, proximity to seaboard ports. These are factors making for a greater New England-for future prosperity.

Merchants and manufacturers, wishing to capitalize these New England advantages will find in the Old Colony Trust Company a banking institution equipped to render every financial service. We shall be glad to mail you our booklet "Your Financial Requirements and How We Can Meet Them", outlining our many facilities. Address Department C.

Plan to join in the Tercentenary Celebrations of the First Pilgrim Landing, to be held in New England during the coming year.

OLD COLONY TRUST COMPANY

BOSTON

INVESTMENT SERVICE

Next to Wheat

Canada's greatest manu-
facturing export trade is
in Pulp and Paper.

Two-thirds of the news-
print used in the United
States is imported from
Canada or made from
Canadian pulpwood.

We originally financed
very many of Canada's
large pulp and paper cor-
porations, so that we are
in a position to advise
you regarding investment
in their securities.

Write to-day for list of
desirable offerings.

AGENCY OF

Royal Securities

49

CORPORATION

(CANADA) LIMITED

165 BROADWAY

NEW YORK

FIRST MORTGAGE FARM LOAN BONDS

DANFORTH FARM MORTGAGES represent con-
servative Loans on productive farm lands worth more
than double the amount of the debt.

Not One Dollar lost in sixty-two years.
Interest paid promptly when due.

For sale in $500 and $1,000 denominations and upward.
Complete information furnished upon request.
Ask for Booklet and Investor's List No. 58.

A-G-Danforth & Co

Founded A.D. 1858

WASHINGTON

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ILLINOIS

SHORT-STORY WRITING

A course of forty lessons in the history, form,
structure, and writing of the Short-Story taught by
Dr.J. Berg Esen weln, for years Editor of Lippincott's.
150-page catalogue free. Please address
THE HOME CORRESPONDENCE SCHOOL
Springfield, Mass.

Dr. Esenwein Dept. 88

WOMEN

WANTED IN
BANKS

FINANCIAL DEPARTMENT

(Continued)
company), and issue bonds representing
varying interests in this mortgage, in the
usual denominations of $100, $500, or
$1,000, to a large number of people who col-
lectively loan you the full amount you
desire.

First-lien or first-mortgage bonds, as the
names imply, are secured by a first mort-
gage on all or part of the issuing com-
pany's property. It naturally follows that,
the more valuable the property securing
the bonds, the safer they are, and it is well
always to find out exactly what property is
included.

Collateral trust bonds are secured by
collateral—that is, by deposited securities,
other bonds, or stocks. Their safety natu-
rally depends upon the value of the collat-
eral. In the case of one collateral trust
bond we have in mind it is provided in the
indenture that the collateral must at all
times be maintained at a market value of
125
per cent of the par value of the out-
standing bonds. In other words, if the
bonds are issued to the amount of $100,-
000,000 the collateral must be worth
$125,000,000.

Debenture bonds are merely promises to
pay, and are not secured by mortgage.
They may or may not be valuable, depend-
ing upon the issuing company's credit and
the character and amount of other bond
issues ahead of them.

Income bonds are those upon which in-
terest is paid only in case it is earned.
They are not usually regarded as highest-
grade investments, and are quite similar to
preferred stock. Sometimes, as is the case
with dividends on some preferred stocks,
interest is cumulative.

Refunding mortgage bonds are securities
usually issued to retire or refund another
issue already outstanding. For instance, a
railway may have outstanding several is-
sues of first-mortgage bonds coming due at
various dates; a refunding mortgage will
be placed on the whole property, and the
bonds authorized by its terms issued and
sold to provide funds for the payment of
the underlying first-mortgage bonds as they
mature. Sometimes they are called "first
and refunding bonds," "general mortgage
bonds," or "consolidated mortgage bonds,"
all three terins meaning more or less the
same thing. All these classes of bonds are
good investments or not, depending upon
the number and amount of first-mortgage
bonds ranking ahead of them.
SITUATIONS WANTED
Companions and Domestic Helpers
LADY, 33, average health, ex-nurse and
bookkeeper, wishes to go to California for
winter as secretary-companion or assist
mother with one or two children. State
remuneration and full particulars in first
letter. 9,169, Outlook.

Banks are employing hundreds of women in every department of bank work, even up to cashier. The work is ideal for women---clean, pleasant, congenial, with men's pay. Learn by mail. Catalog free. EDGARG. ALCORN, Pres. American School of Banking, 44 McLene Bldg., Columbus, O.

SCHOOL of Horticulture for

porated), Ambler, Penna. Practical work in greenhouses, vegetable and flower gardens, orchards, poultry plant, apiary, jam kitchen. Lectures by competent instructors, Regular Two Year Diploma Course, fitting women for self-support or oversight of own property, begins January 17, 1921. Catalogue. Elizabeth Leighton Lee, Director.

SITUATIONS WANTED

Professional Situations DIRECTOR of CORPORATION COMMUNITY WORK. Prominent and successful rector of Episcopal church desires posttion as layman. Eminently qualified. 9,182, Outlook.

INTELLECTUAL woman of German birth, capable nurse, etc., etc. (only support of child), desires position with scientist, preferably residential. 9,177, Outlook.

Business Situations COLLEGE graduate desires position requiring intelligence and industry and paying for same. Three years' teaching and one year's selling experience. 9,113, Outlook.

WELL-BALANCED, dependable man, for several years in charge of large welfare organization, intends resigning to enter business. A college graduate, intelligent, careful, good judgment. Has thrift and persistence (Scotch). Satisfactory reference covering these points. Can raise small amount of money. Partnership wanted or other business opportunity. Address Box 25, Millington, N. J.

Companions and Domestic Helpers

YOUNG LADY as companion; to go to Florida or southern California. 9,140, Outlook. HOUSEKEEPER.-Gentlewoman wishes position as managing housekeeper in congenial family. 9.163, Outlook.

LIBRARIAN, several years' experience, wishes position as companion or secretary. 9,164, Outlook.

EDUCATED Japanese woman, graduate nurse, Christian, desires position as attendant to lady. 9,161, Outlook.

AN experienced, practical nurse desires position as companion. Traveling no objection. References exchanged. Mrs. F. O'H. Croom, Box 23, Atkinson, N. C.

WIDOW, refined, Protestant, as nurse for children or semi-invalid in Christian home. Experienced. 9,168, Outlook.

LADY of refinement desires position as companion to elderly lady or invalid. Best references. 9,159, Outlook.

MOTHER. daughter, aunt, companion. Often a loved home is lonely for want of one of these. May I supply the deficiency to the lady in need? Remuneration. References. 9,158, Outlook.

WANTED, by refined Protestant woman,
position as mother's helper or housekeeper.
No objection to country. References ex-
changed. 9,160, Outlook.

YOUNG English lady, fine education, offers
her services as social secretary or companion
in English or American family. M. A.,
Silverlea,'
"Rumson Road, Little Silver, N.J.
LADY, as companion to young or middle-
aged lady. Take entire charge of housekeep-
ing, social engagements, and accounts if
desired. Highest references. 9,173, Outlook.

CAPABLE young woman managing cater
ing select boarding-house in winter resort for
past five years. Highest credentials. 9,175,
Outlook.

Convertible bonds are exchangeable in or convertible into stock of the issu company. They are usually speculatin for their value is dependent upon the pr of the stock, and their price fluctuates sympathy with the stock. They are seldo a first mortgage.

Equipment bonds are secured by equi ment, locomotives and cars, or both. T same is true of equipment notes and trusts, and all three are considered exce lent investments.

Adjustment bonds are practically inco bonds. They are usually junior liens (th is, other issues rank ahead of them), and a rule are issued at the end of receive ships.

Short-term notes, as their name impli mature within a short time from the d of issue, usually not over ten years. Ve often they are unsecured by mortgage collateral, but may be by one or both.

Government and municipal bonds generally regarded as about the safest all. Governments and cities are not sol ble to go bankrupt as private enterpri and their bonds are secured by the cr of the government or municipality. T credit is based upon revenue largely d rived from taxes. Taxes, as the old sayi has it, are one of the two things in th world which are certain. Further, the classes of bonds are attractive because the are usually exempt from all taxes the selves.

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All Classes of People Buy
INVESTORS BONDS

THE banker, insurance company, trus

tee, school teacher, mechanic, widow and farmer all buy INVESTORS BONDS because they are SAFE, free from fluc tuation, convenient and pay the highest income consistent with safety.

mortgage bonds are secured by highest grade city property and plants of strongest industrial corporHome of ations. They are INVESTORS BONDS backed by a house with sixteen years ex perience, affiliated with one of Chicago's most substantial banks. No one has ever suffered a loss on INVESTORS BONDS,

Learn about our partial payment plan. Write for Booklet J-102

INVESTORS

SECURITIES CORPORATION 3131 W. MADISON STREET, CHICAGO COLUMBIA BLDG., LOUISVILLE, KY.

SITUATIONS WANTED Companions and Domestic Helpers AMERICAN, single, middle-aged man, position private family. Useful all around. Expert with garden, chickens; chauffeur. Home considered equal with salary. References. 9,176, Outlook.

EFFICIENT, practical woman desires po-
sition as housekeeper in family where at
least one maid is kept. Or would be compan-
ion to elderly lady. 9,181, Outlook.

Teachers and Governesses
TRAINED teacher desires position as
teacher and companion to subnormal child.
References. 9,157, Outlook.

GOVERNESS.-Sensible, adjustable wo-
man desires entire mental and physical care
of several small children. Able teacher.
Home nursing. Corrective gymnastics. Lo-
cality immaterial. References. Position of
trust and responsibility only. 9,075, Outlook.
BUSINESS OPPORTUNITIES
INVENTIONS wanted. Cash or royalty for
ideas. Adam Fisher Mfg. Co., 217,St. Louis, Mo.
PARTNER wanted in girls' summer camp.
9,155, Outlook.

CHRISTMAS GIFTS COPLEY CRAFT CHRISTMAS CARDS, hand-colored, sent on approval. The line is best known for its distinctive verses. Discounts to those selling among friends.JessieA. McNicol, 18 Huntington Ave., Boston, Mass. CHRISTMAS cards with envelopes. Artistic, unique. 50c. assortments, ten 5c. cards. $1 assortments, ten 5c. and five 10c. cards. Send money with order. Satisfaction guaranteed. Rowe Publishing Co., Oneonta, N. Y.

MISCELLANEOUS

TO young women desiring training in stetrical nursing a thorough course of o year is offered by the Lying-in Hospital Second Ave. and 17th St., New York. Monthly allowance and maintenance. For further formation address Directress of Nurses.

MISS Guthman, New York shopper, will send things on approval. No samples. Refer ences. 309 West 99th St.

GRAPHOLOGY. Interesting character study. Complete analysis of handwriting made for $5. 9,063, Outlook.

YOUNG BOY.-Specialist with boys will assume responsibility for live your Northern lake city, much outdoor life. Outlook.

M. W. Wightman & Co. Shopping Agenty established 1895. No charge; prompt delivery. 44 West 22d St., New York.

TYPEWRITING, shorthand, bookkeeping normal, high school, and law courses th oughly taught by mail. Typewriters rented sold at $4 per month. Carnegie Colleg Rogers, Ohio.

WANTED, in small private school, several resident pupils, ages 5 to 10. Ideal climate Miss Speer's Primary School, 19 East San Miguel St., Colorado Springs, Col.

WILL lonely lady, like myself, share pense and her small quarters, New York: Write me. 9,179, Outlook.

CHILD offered individual care and trai ing in private home of experienced teacher in East Orange. 9,180, Outlook.

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Summerville, S. C., 22 miles from

Historical Charleston FULLY OPEN DECEMBER 1 Special early rates to Feb. 1 One of the finest winter resort hotels in the Middle South. Here you will enjoy rest and quietness amidst tall Southern pines. Invigorating, dry, healthful climate. Pure artesian water. Cuisine and service on par with the best Metropolitan hotels. Ideal weather for

Golf and Hunting

Special December & January Tournaments

Superb 18-hole golf course. Regulated tennis courts. Livery of carriage and saddle horses. Good roads for driving and motoring. Quail, Wild- Turkey, Fox and Deer Hunting

F. W. Wagener & Co.

Owners

Willard A. Senna
Manager

Address until Nov. 20, 1920, care of Plymouth Inn, Northampton, Mass.

NEW YORK CITY

Hotel Le Marquis

12 East 31st Street

New York

Combines every convenience and home comfort, and commends itself to people of refinement wishing to live on American Plan and be within easy reach of social and dramatic centers.

Rates with Illustrated Booklet gladly sent upon request. JOHN P. TOLSON.

HOTEL JUDSON 53 Washing

ton Square adjoining Judson Memorial Church. Rooms with and without bath. Rates $3.50 per day, including meals. Special rates for two weeks or more. Location very central. Convenient to all elevated and street car lines.

Country Board

Real Estate

ARIZONA

An Irrigated Garden

Under the great Roosevelt Dam in the

Salt River Valley, Arizona will make you a fine living and steady profits. Ten to twenty acres enough. Moderate cost, easy terms. Raise dates, oranges, grapefruit, lemons, lettuce, early vegetables, cotton, alfalfa, grains, sorghums, poultry, live stock, and dairy products. Write for free folder. C. L. Seagraves, Supervisor of Agriculture, Santa Fe Ry., 962 Railway Exchange, Chicago, or a letter to Chamber of Commerce, Phoenix, Arizona, will bring you full information. FLORIDA

WINTER HOME Ideal Climate, Hunting, Fishing 8-room cottage, 3-room help cottage, both furnished, small grove. Quick sale will take $8,000 cash next 30 days. Box 32, Cocoa, Fla.

FLORIDA Hill, lake, orange

section. Four-room, comfortable, furnished cottage for reasonable rent. Attractive home and orange grove for sale cheap. DR. STOKES, Mohawk, Florida. VIRGINIA

FOR RENT

Two and One-Half Miles from Old Point Comfort A Southern home, on the water, completely furnished, in the historic town of Hampton, Va. An entirely reliable and delicious Southern cook, a furnace man, a yard man, and an automobile are included. Posses sion given December 1 for five months only. There are 9 bedrooms, 4 bathrooms, a sleeping-porch, a garage, and spacious grounds. Open fires throughout the house, gas and electricity. For full description address owner, Mrs. HENRY LANE SCHMELZ, Hampton, Va.

BOARD AND ROOMS

SMALL refined family living in country town desire two or three adult boarders; business women preferred. References exchanged. Telephone Englewood 1235 M.

BOOKS, MAGAZINES

MANUSCRIPTS

BOOKS on pedigrees, genealogies, and coats-of-arms. Every Anglo-Saxon and Celtic name. Kindly inquire for particulars. Chas. A. O'Connor, 21 Spruce St., New York City. STORIES, poems, plays, etc., are wanted for publication. Submit MSS. or write Literary Bureau, 325, Hannibal, Mo.

HELP WANTED

Business Situations

RAILWAY traffic inspectors earn from $110 to $200 per month and expenses. Travel if desired. Unlimited advancement. No age limit. We train you. Positions furnished under guarantee. Write for booklet CM27. Standard Business Training Institute, Buffalo, N. Y.

WRITE photoplays: $25-$300 paid anyone for suitable ideas. Experience unnecessary; complete outline free. Producers League, 438, St. Louis.

SOCIAL and industrial workers, secretaries. Miss Richards, Providence, East Side Box 5. Boston, 16 Jackson Hall, Trinity Court, Fridays eleven to one. Address Providence. Companions and Domestic Helpers PLACEMENT BUREAU for employer and employee: housekeepers, matrons, secretaries, governesses, dietitians, attendants, mother's helpers. 51 Trowbridge St., Cambridge, Mass.

DIETITIANS, superintendents, cafeteria managers, governesses, matrons, housekeepers. Miss Richards, Providence, East

WANTED-Adult Boarders Side Box 5. Boston, Fridays, 11 to 1, 16 Jack

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son Hall, Trinity Court. Address Providence. EXCEPTIONAL opportunity for capable woman who will appreciate good home with pleasant surroundings in southern Delaware. General housework. Address P. O. Box 123, Laurel, Delaware.

WANTED, in small boarding-school for backward children, refined American Protestant woman of middle age as attendant; also young woman with some knowledge of music as nursery governess. Dorethy-Hall School, 30 Highland Ave., Orange, N. J.

WANTED, two servants-cook and mother's helper. Address Mrs. Gordon Glass, South Nyack, N. Y. Telephone Nyack 322.

WANTED-Nursery governess or mother's helper to help care for three chldren of six, four, and three years. References required. Mrs. Thomas F. Bayard, 9 Red Oak Road, Wilmington, Del.

WANTED-Three assistant farm matrons to handle crops and stock. Salary, $52 a month and maintenance. Address New York State Reformatory for Women, Bedford Hills, N. Y.

Teachers and Governesses WANTED-Competent teachers for public and private schools. Calls coming every day. Send for circulars. Albany Teachers' Agency, Albany, N. Y.

WANTED-Teachers all subjects. Good vacancies in schools and colleges. International Musical and Educational Agency, Carnegie Hall, N. Y.

TEACHERS WANTED, men and women, for all departments of colleges and schools. Immediate and future vacancies. The Interstate Teachers' Agency, 717 Macheca Building, New Orleans, La.

W.L. Douglas

THE SHOE THAT HOLDS ITS SHAPE

$7.00 $8.00 $9.00 & $10.00 SHOES FOR MEN AND WOMEN

YOU CAN SAVE MONEY BY WEARING W. L. DOUGLAS SHOES

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direct from the factory to you at only one profit, which guarantees to you the best shoes that can be produced, at the lowest possible cost. W. L. Douglas name and the retail price are stamped on the bottom of all shoes before they leave the factory, which is your protection against unreasonable profits.

1

W. L. Douglas $9.00 and $10.00 shoes are absolutely the best shoe values for the money in this country. They are made of the best and finest leathers that money can buy. They combine quality, style, workmanship and wearing qualities equal to other makes selling at higher prices. They are the leaders in the fashion centers of America. The stamped price is W. L. Douglas personal guarantee that the shoes are always worth the price paid for them. The prices are the same everywhere; they cost no more in San Francisco than they do in New York.

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IMPORTANT TO When you notify The Outlook of a change in SUBSCRIBERS should be given. Kindly write, if possible,

your address, both the old and the new address

two weeks before the change is to take effect. two weeks before the change is to take effect.

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BY THE WAY

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René Billoux, a laureate of the French Academy, belongs to the list of illustrious printers. He was born in Dijon, France, in 1870, and reared in an orphanage, where he was taught the printing trade. He left the institution at twenty and traveled ex tensively in Europe. During the war he organized the "French Printers' Relief Fund," and for this and other services he was awarded a Prize of Virtue by the French Academy. Through the French Government he has sent to all the associa tions of printing employers and workers in the United States, according to an article in the "American Printer," a souvenir de luxe, thanking them for their aid in the cause of liberty.

At the Iowa Inter-State Fair, a news paper despatch says, special honors were carried off by girls' and boys' clubs of North Dakota. They won three first prizes-on calves, pigs, and lambs-while in the sewing exhibits the girls won first honors over eleven States. North Dakota and Nebraska, the report says, won more honors than any other State represented at the fair.

A serio-comic incident is related in the "Century" in connection with the death of the Prince Imperial in Zululand, in 1879, when he was ambushed and killed by Zulus. A few articles associated with t the Prince were obtained from Cetewayo, the Zulu King, and forwarded to the ex Empress Eugénie. The Prince's watch was not among them. An old Zulu warrior was questioned about this. "The little beast, you mean? Oh, we were afraid of it, so we killed it." Having no notion about the L nature of the mysterious mechanism, they= thought the ticking of the watch meant a live creature, so they stamped it out of existence !

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Probably in no similar area in the world can as many beautiful homes be found as in the few thousand square miles near London. Numerous pictures of these ata tractive places fill the advertising pages of "Country Life" (London); and if so many are for sale, what must be the total number? Among those advertised for sale in a recent issue of that journal is" Craig-y-Nos Castle," the home of the late Adelini Patti The extent of her place, as well as the (to an American) seemingly meager provision of bathrooms, is indicated by the statement that the castle contains thirty-four bed and dressing rooms and three bathrooms. With 457 acres of land, its price is given as only £30,000, which in American money at pres ent rates of exchange is only a little more than $100,000. Some other operatic star, one would think, would be tempted by this "bargain."

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A workman in a Western electric-light plant, a newspaper despatch says, swung his right fist and hit a fellow-employee the point of the jaw. The blow nearly knocked the man out-but saved his life. He had taken hold of a plug which had been charged by a short circuit, and could not break away. His mate sensed the situ ation and instantly struck the blow which loosened the grip that might have proved

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Apropos of the paragraph about the word "mugwump in the issue of The Outlook for October 20, a subscriber

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"The danger of using the telephone in communicating unfamiliar words is seen in the case of a clergyman friend of mine who yielded to the lure of the press gave his sermon topic in advance as Babylon the Great.' This refined gentleman was reported as planning to preach on 'Baby on the Grate."

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(The ancient Greeks were without the telephone, but it will be recalled that Dean Swift made them responsible for a somewhat similar verbal mixup. Seeking to show the derivation of English from Greek, he said that a famous Greek ruler was very fond of roast eggs, so that innkeepers in Athens would call out when they saw him, "All eggs under the grate." This, says Swift, became corrupted to "Alexander the Great.")

"A quarto edition of a Connecticut county history states that among the products of one town is decorated cocoanut."

"An advertisement in a daily paper asked for a second-hand osculating fan."

"In a mission school my class was reading, by verse, the parable of the ten talents. One little chap laboriously read, I feared thee because thou art an oyster man.'

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Elbridge Gerry, a subscriber reminds us, did not sign the Constitution of the United States. In a picture published in The Outlook of October 6, showing part of a pageant celebrating the signing, he was represented as so doing. Either the pageant-maker or the photographer seems to have made a mistake in this matter, for the authorities agree that Gerry refused to affix his signature. Curiously enough, one of his objections to the Constitution was that "treaties of the highest importance may be formed by the President, with the advice of two-thirds of a quorum of the Senate." This apparently seemed to the Massachusetts statesman to savor of autocracy. Was he, in this, a prophet unhonored in his time?

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No Matter What Your Life Work

You'll find these charts of real value. Business men, bankers, doctors, lawyers, educators, architects and builders, engineers, artists, sculptors, authors, dramatists, chemists, physicists, sociologists, students, in fact, men and women in field of human endeavor are every increasing their earning power through the knowledge embodied in these charts.

Mothers find them invaluable for guiding their children's education.

Teachers and college professors use them every day, increasing their ability to instruct and enhancing their own prestige.

Students in colleges and high schools save time and effort by utilizing the Charts of Civilization.

Full Speed Ahead!

Periods of unsettled conditions, changes and readjustments such as we are now going through are not new to the world...

The Charts of Civilization show that in the past such periods have always preceded good times, growth and prosperity.

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As interpreted from these charts, the greatest era of prosperity the world has ever seen is just ahead,

What Are These Charts?

A compact summary of the Life Story of the World in chart form. The set comprises six graphic charts 13x19 inches, printed in red and black on strong, high-grade paper and neatly bound in durable, heavy brown cover. On the back of each chart is a complete list of authoritative books covering the subject matter. What They Will Do for You

They enable you to discuss with authority the development of any phase of Science and Invention, Literature, Laws and Customs, Philosophy and Ethics, Drama, Architecture and Art, the important contributions made by each nation and their influence on modern life.

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