The Statesman (Austin, Tex.), Vol. 48, No. 281, Ed. 1 Saturday, February 7, 1920 Page: 4 of 6
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SATURDAYt FEBRUARY
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if the armored diver is to help raise
By carrier:
diver opens the door of a com
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eloses the door behind him.
He puts
weight of the armor.
He then opens
F
ANSWERS TO QUESTIONS.
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HEXS.
A WOMAN’S VIEWPOINT
By Harriot Russell
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But very few of the politic*! leaders are for Hoover, and, which is
more important, there is no real call tor himFfrom the rank and file of!
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WASHINGTON. Feb. 3.— Salvage of
sunken ships is a proposition which is
ca
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FEAR OF FINANCIAL
DISASTER SPREADING
OVER GREAT BRITAIN
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p
Mas
l vegetables, chocolates, golf balls and
motor cars which have figured con-
spicously in recent imports.
COUNTY CONTRACTS
FOR DIP SOLUTION
81
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7
Little Benny’s**!
Notebook
BY LEE PAPE.
EIGHTEEN DIVORCES
GRANTED PAST WEEK
autocratic powers.
Does the exercise of autocratic
Meat?
The Constitution is the life of I
- .
PAGE FOUR
KIDDIE KAPERSB
The Park Ave. News.
Weather. Long nites.
... 1034
... 1345
... 33*1
the eggs well and gradually stir in the
noodles. Place a layer of the mixture
in a greased baking dish, sprinkle with
gions
]
foi
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tu
oc
on an armored suit, and water is let
Into the compartment to offset the
himself interested in salvage projects,
and exPects to recover by submarine
what his oriignal invention sent to the
bottom of the sea.
SUBSCRIPTION RATES.
Terms of subscription—strictly cash in advance.
that its cost will ventually fall
British consumrs.
Romo newspapers remark there
A BOOM IN SALVAGE
By Frederic J. Hai^in.
By Associated Press.
LONDON. Feb. 7.— More editorial at-
tention is attracted to the exchange
situation than to the demand for the
extradition of Germans accused of war
crimes.
Some newspapers say that the sus-
pension of imports of cotton is "an ex-
cellent example which it may be hoped
other traders will follow.”
Elsewhere it is regarded as a dan-
gerous remedy and fear is expressed
66
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Q * What has been the Increase in
the number of shipyards In the United
States since before the war?—T. E. D.
A.: In April, 1917, there were in this
country only sixty-one shipyards, with
234 ways on which vessels of 3500
dead weight tons could be constructed
in November, 1919, there were 223
yards with 1099 ways, or about four
times as many as there were two years
before.
KITCHEN ECONOMIES
By ISOBEL BRANDS
Of the AfplMn/t Station——------
Noodle*—Five Deliciout Way* to Ute Them.
r 2 I s --«• -ep- • • • er sidy
And ploy with my Own bnch.
8 B Me
oiled meup io go with her
Q lo some triends h
ut belieyeme Id rath
Q : How many times did Christ ap-
pear after his resurrection?—A. s. D.
A.: The Bible records thirteen phys-
ical appearances. Ten of these oc-
curred before the ascension, and three
afterwards. The last three were to
Saints Stephen, Paul and John.
Q.: Which is heavier, a quart of
milk or a quart of cream?—E. II.
A.: The Department of Agriculture
says that a quart of milk is heavier.
This is explained by the fact that there
is more fat in cream than In.milk, and
that fat is lighter than liquid.
It may be that Herbert Hoover is a stout defender of these things.
But nobody seems to know, and there are those who say that his long
dence abroad bas likely given him other than the American point of
W.
This talk of Herbert Hoover for President seems to us to be the very
Climax of absurdity. •
And why?
Because he is an unknown political quantity.
What does he think of the Declaration of Independence?
How does he regard the Constitution of the United States?
Nobody seems to know; all that we hear is that he made a competent
Food Administrator.
many things imported from America
tha < 6nid be easily dispensed with
temporarily such as preserved fruits.
Austin, anywhere within corporate
limits, dally and Sunday, per
month .....*........................
Austin, anywhere within corporate
limits, daily and Sunday, per
year .........................17.00
Q.: What was the largest number of
troops carried by the Leviathan on any
one trans-Atlantic trip?—L. M. H.
A ? The record number of troops
carried by the Leviathan, which was
the largest ship in the transport serv-
1ce,, was 12,000. This ship has eleven
decks.
THE STATESMAN
PUBLISHED DAILY, AFTERNOON AND NIGHT, AND SUNDAY MSRNING, BI
CAPITAL PRINTING COMPANY
Office of Publication
Seventh and Brasos Streets
TELEPHONES
Question: Is the shortage of school
teachers in the United States very
great?—C. H.
Answer: The United States Bureau
of Education says that because of the
impossibility of living decently on the
salaries paid, there is an acute short-
age of school teachers in the country,
and unless the wages of teachers are
increased this situation will become
more serious next fall. The bureau
estimates that about 28,000 schools,
mostly rural, are now closed because
of the lack of teachers. There are also
about 60,000 persons teaching school in
the United States who have not the
minimum qualifications. They have to
bo used because they are the only
teachers available.
---------- Extcr! Sam Cross Bit by a Parrit:
Mr. Lake is Fam Cross is going erround with one
finger tied up as a result of Sam point-
ing it at his gramothere poll parrit
and trying to teeth it to say Hay, get
oil the roof.
To make a competent Food Administrator called for the
air is forced Into the holds to take the
place of the water. This lightens the
ship, so that it rises, guided by the
barge pontoons, and is then towed to
shore.
Scalloped Noodles.
3 cupfuls of noodles
% cupful of cheese
% cupful of breadcrumbs
1 cupful of white sauce
1 onion
% teaspoonful of mustard
Cook the noodles and the onion in
boiling, salted water until tender, then
drain. Add other ingredients, pour in a
buttered baking dish, cover with crumbs
and dot with bits of butter. Bake in *
moderate oven until brown.
Chicken and Noodles.
Chop cold chicken and place in a
greased baking dish with alternate lay-
ers of cooked noodles. Season with salt,
paprika, and if chicken fat is available
It is even better than butter for thia
dish. Moisten with top milk, cover with
breadcrumbs and bits of butter. Bake
in a moderate oven until brown.
Noodles and Egge.
1 cupful of boiled, chopped noodles
1 cupful of fresh mushrooms
1 cupful of milk
3 eggs
1 tablespoonful of butter
1 teaspoonful of chopped parsley
1 teaspoonful of salt
Melt the butter, add the mushrooms,
and cook five minutes. Add milk and
noodles and simmer Finally add the
well-beaten eggs, salt and pepper When
thick add parsley and pour over toast
points.
The Declaration of Independence is the country’s inspiration
Washington’s Farewell Address is an admonitory word that we should
nntantiy heed.
If we slight these things we invite all manner of evil.
RipplinRhymos
46 Walt Mason T4
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n
t
Q.: How did the percentage of it-
eracy of the various armies of Europe
engaged in the world war compare’—
R. U. C.
A.: Examination of recruits for the
army and navy of the leading European
countries showed the following por-
centage of illiteracy: Germany 6.11:
France,.3.90; England, 5 90: Austria,
23.80: Hungary, 28.10: Italy, 38.30:
Russia, 61.70. The percentage of illit-
eracy in the United States army was
----------- ... ______ ___ Intristing Facks About Intristing
an outside door to the compartment and I F’eeple. Puds Simkins gets up at 5
steps out onto the ocean floor. This o'ch ek every morning. But all he does
adaptation of the submarine was con- 15 close the window and go back agen.
trived by Simon Lake, the inventor of
the modern submarine.
sugar, chopped almonds, grated lemon
rind and bits of butter Continue with
the layers. Finally add the milk and
salt .and bake In a moderate oven for
Business Manager ................ 150 Display Advertising ...
Auditing Department. Circulation Editorial Rooms .......
and Classified Ads.............. 150 Society Editor .........
fortunately, a considerable number of editor* have fallen into the "follow-
my-leader" habit and may be expected to join in the noise. Then, too,
there are Democratic politicians who are willing to nominate Hoover, re-
gardless of his beliefs or disbeliefs, as a sort of last resort.
Q.J What does the word "soviet”
mean?—I. M. C.
A.: "Soviet” is a Russian word,
which. literally translated, means
council. The name is most usually ap-
plied to workmen and soldiers’ coun-
cils.
Oh, I never worry about a person
who knows how to. laugh—they always
manage to get along,' was a sentence
heard down on a busy street the other
day.
I’ve been thinking about it ever since.
It is true, isn’t it?
People who know how to laugh us-
ually management to weather any and
al’ sorts of storms.
Sometimes things get in rather a
bad way but a laugh is like sunshine —
it clears things up.
Wonder why more of us cannot re-
member this?
Wonder why so many of us wail and
whine our way through life forgetting
to laugh only once in a long while like
and with the surface, is one of the ।
most valuable inventions of submarine
engineering.
The armored diver locates the leak
in the ship and plans repairs and
methods of raising the hull. When the
hull is mended .the ship is raised, us- •
ually by pontoons. Steel cables are
slung under the hull and attached tu
barges on the surface. Compressed
ample, of Sir Fracis Drake capturing
a fleet of ships in the harbor of the
Azres and recklessly ordering them
sunk, laden as they were. This com-
mand sent down four or five mipion
dollars worth of precious metals which
have never been disturbed.
Another famed example of a treasure
ship that sank was a Spanish galleon
lost off the English coast in 1874 with
a load of gold estimated at 385.000.000.
Then there are the unrecovered cargoes
of the Spanish Armada, exaggerated
perhaps as to value, but undoubtedly
worth reclaiming.
The Lusitania, laden with seven mil-
lion dollars worth of gold and other
metals, and five million in securities,
as well as jewels and other private
property. Is one of the great prizes to
be angled for. Experts agree that the
Lusitania will never be raised from its
Position, 285 feet below the surface,
but a eompany is now awaiting favora-
ble weather to go after the indestruct-
ible part of its cargo.
The Merida, which sank off Cape
Charles, is another untapped source
of wealth, which fs to be tackled next
summer by a New York diver, Th*'
storms and treacherous currents th- •
wreck so many ships in certain places
endanger equally the companf that at-
tempts their salvage in rough weather.
For this reason, salvage companies are
now confining themselves to plana and
study, so that when spring comes they
can launch their offensive without loss
of time.
W ith all of our boasted Ingenuity
and progress in the art of salvage, we
still have far to go before we can sweep
the ocean bed of all ts booty. Syste-
matic salvage dates back only a cen-
tury or two. Before that, divers wore
Entered as second- class matter at the postoffice at Austin, Texas, under the Act
of Congress of March 3. 1379.
Q.: What is the annual sala
Samuel Gompers, president of luv
American Federation of Labor?—M. Y.
..A.: He is paid a yearly salary of
310,000, which is the same as the base
pay of a general in the United States
army.
i
I 8
could see them, and occasionally a
wrecking company would snatch a bit
of the cargo from a hold, but the great
mass of Davy Jones proj arty remaite 1
intact.
Many of the sunken treasures fa-
mous by tradition are now declared to
be the product of various story-tellers
imagination. Pirates, for instance, are
popularly regarded as a millionaire
class, whereas realists maintain that
most of Captain Kidd’s fellow bucca-
neers would never have had to pay an
income tax had their government levied
one. Thus is another illusion cracked
—but not shattered, for enough burled
and sunken treasure is now and again
brought to light to keep the faith or
the romanticists from wavering.
The fascinating tales of the pirates
treasure ships may be discredited, but
it is a matter of history that fortunes
in gold, silver, and precious stones
have for centuries been carried over
the seas wherever ships could travel,
and many craft have been sucked un-
der by storms, whirlpools, and strong
currents.
Staid British historians tell, for ex-
The S. C. Beckwith Special Agency, sole representatives for foreign adver-
tising. Eastern office. World Building, New York City. Western office. Tribune
Building, Chicago. St. Louis office. Post-Dispatch Building. Detroit office.
Ford Building. Kansas City office, Bryant Building.
NOTICE TO THE PUBLIC.
Any erroneous reflection upon the character, stazding or reputation of any
person, firm or corporation which appears In the columns of this paper will be
gladly corrected if called to the attention ot the publishers.
• PAPER DELIVERY.
Subscribers In the city who do not receive their papers by 7 o'clock on week
days and by 8 o'clock on Sunday morning will confer a favor on the management
by calling the Circulation Manager to phone 150.
_______
MEMBERS OF THE ASSOCIATED PRESS.
The Associated Press Is exclusl rely entitlea to the use ror publication of
all news and dispatches credited to it or not otherwise credited in this paper,
and also the local news published herein. All rights of publication of special
dispatches herein are also reserved.
arv of the once-a-week Christian who geta
+L.shis religion out only on Sunday and
1 neither, remembers nor practices it the
Why embarrass ourselves by talking up Hoover for President’
—Waco Times-Herald.
Don’t worry. Brother George. Friend Herbert’s boomlet i, alrena,
plying ouL We will hear a great deal more about IL of course, and as
2 famous advertser once remarked, ’There’s a reason.” Cyrus Curtis
ubisher of the Saturday Evening Post, Frank Cobb, editor of the New
xork World, and several other "publicists" are trying to put Hoover over
Fhe HtUe group of newspaper and magazine men who are advertising
erbert to the American people know their business very well and un
voters. The farmers don’t seem to care for him and the business men
* are not urging his selection. Some very influential men who were asso-
i dated with Hoover in the food administration and a number of publish-
ers, editors and correspondent* constitute, at present, the main body of
th Hoover "following.”
Great is the power of the press, but nobody can be propagandized
into the Presidency this year. Honestly, we don't think Herbert could
qualify if elected, but he isn't going to be elected or even nominated.
--------—0—---;------
"American capital sought by Brazil," says a headline. I* there a
country not seeking American capital?
------o—— ......
Holland’s refusal to give up the ex-Kaiser is hard to reconcile with
the great reputation Holland has for exporting cheese.
Eighteen divorces have been granted
by Judge James R. Hamilton of the
Criminal District Court during the past
week and the court will sit as a di-
vorce court next week. The following
week, the regular criminal docket wi
be taken up.
The last four divorces granted were
to Alfred R. Warren vs. May Warren;
Susie Washington va Newton Wash-
ington; Mattie Jamar vs. James Ja-
mar; and Nell Seacombe vs. Iaw.
Fence Seacomba
• -------- oyeeng 785,
------ .. _____ ______being the highest, but when a delega-
it is let down by cables and a tion consisting of Benny Potts and
pens the door of a compartment Leroy Shoosetr run after the lady and
shut off from the main cabin, and asked her how mutch she wayed, she
" — looked insulted and tried to hit them
with her umberella, thus making the
contest a tie.
Spear t a. A gessing contes twas held
in frunt of Puds Simkinses house last
— -aaava vu uivei tu avip raou । Satidday aftirnoon to see who could
a ship, he is often sent down in a sub-' gess the nearest to how mutch a fat
marine bell of some sort. One of the lady wayed coming down the street,
latest devices is very likest U boat in i Sam Cross gessing 390, being the low-
that it is a steel encased chamber with cat, and Skinny Martin gessin —
motors to carry it about the ocean hni" *hn hirt * . .
floor. I • -
.The only right policy to follow is one similar to that adopted
by the British. We should establish short time credits in this country
for the purchase of American goods, making such arrangements
as will insure the establishment of permanent trade relations and
using our surplus capital to trade to South America and other re-
nns in which the European nations are our competitors. Other-
wise we will throw away an opportunity of which we may now
Europedvantage without “deserting” or being otherwise unjust to
A ITHOUGH we’ve gracefully ac-
A qulred the Latin fondness for
* " macaroni and spaghetti, we are
still somewhat unfamiliar with another
very commendable member of the same
pastry family-noodles. Many good
varieties of noodles are sold in pack-
ages. but noodles can be made at home.
Noodles.
The anti-surfrage majority in the Mississippi legislature felt that it
was only fair to submit the question of ratifying the National suffrage
amendment to the voters. But the pro-suffrage majority in the Texas
legislature didn’t feel that way about it, at all.
- -----------------------------------------
Writing to the Fort Worth Star-Telegram, R. 8. Shields of Mineola
says: “The farmer, the silent voter, as in heroic days before, is priming
his gun for another battle for independence and Bailey seems his chosen
leader." Texas is calling for Bailey.
rest of the week?
Laughter is good for one’h physical
health.
Laughter increases one’s efficiency
because it tends to make one nappier
and it is a fact that admits of little
argument that best workers in the
world are the healthy and happy
workers.
laughter may be made a habit, just
as wailing and whining over every-
thing may become a habit.
I know a fine and dandy woman
whose life seems to be just a succes-
sion of troubles and so-called burdens
and there are times when she plunges
into the “blue deeps,” but never too
far to laugh her way back to a normal,
sane, sensible viewpoint of life.
She laughs herself into a wholesome
every-day philosophy of life.
Another whose burdens are no great-
er sees only the rougher, somber,
difficult side of everything— she wails
over this and she wails over that and
she feels imposed upon and over-
worked and generally mistreated by
the fates and all creation.
You know what’s the matter with
her?
I’ll tell you—she doesn’t laugh
enough.
The little sentence that drifted to
me down on the busy street is so true
and so full of “helpfulness'’ for those
who will take it.
The person who can laugh will al-
ways manage somehow to get along.
Pome by Skinny Martin.
Histery Repeets itself.
I tried to thred some needles for my
mother
So she wouldent haff to bother eny
more.
But after Id bin trying 20 minnits,
she did them by hreself as in days of
yore. .
Lost and Found. Lost—A tin box V
containing 5 gum drops in it. See
Artie Alixander.
Found—A empty tin box. See Lew
Davis. ,
By mail:
First second, third and fourth
sones, per month, 65c; per year. $7.00
Fifth and sixth zone, per month
70c; per year.........................
Seventh and eighth zones, per
month, 75c; per year.................
Sunday morning edition, by mail only, by the year............. ...33 00
Rates to Europe;
Daily and Sunday, per month. Including postage............ 3 1.15
Daily and Sunday, per year, including postage......... 13 30
Bunday edition,'per year, including postage ............................. 3 05
1 egg
1 tablespoonful of water
% teaspoonful of salt
Flour
Beat the egg. add the water and salt
and flour enough to make a stiff dough.
Knead well for about three minutes.
Then roll out as thin as possible. If
plain noodles are desired roll up the
dough as for a jelly roll and cut very
thin slices, shake out these strips on a
large board and leave for a few hours
to dry. If fancy shapes are desired use
a tiny vegetable cutter on the flattened
dough.
These may be added to boiling, clear
soup and cooked until tender. Or if plain
noodles are desired, simply cook In bofl-
Ing, suited water, like spaghetti or
macaroni.
But unlike these less delicate foods,
noodles can be made into a very de-
licious pudding that is wholesome and
ligestible, even for children.
Noodle Pudding.
3 cupfuls of noodles
3 eggs
“ cupful of sugar
% cupful of melted butter
3 cupfuls of milk
% cupful of chopped almonds
1 lemon
% teaspoonful of salt
Cook the noodles in boiling, salted
Water unUi tender, then drain. Boat
I have a dozen silly hens I bought to make High Cost look sick;
and It would take a powerful lens to see just where they do the trick.
Twas in a poultry magazine I read that chickens always pay; they lay
large eggs, and said eggs mean a handsome profit every day. That pub-
lication missed its guess, or tried to put some bunk across; the female
roosters I possess are nothing but a total loss. I dreamed when first I
took them home, of selling eggs about the town; no more I’d hawk the
dippy pome, and have my patrons beat me down. A basketful of hentrult
fine I’d proudly take upon my arm, and draw eight plunks or maybe nine
—such dreams of commerce have their charm. Alas, my hens are golden
bricks, they loaf around on idle legs; their squawking voices answer “Nix,”
when I beseech them for some eggs. They eat all kinds of greens and
grain—what such things cost my ledger tells; I feed egg tonics all in
vain, they won’t lay eggs, nor even shells. That delegate was surely daft
who wrote that hens would help out fine; we cannot beat the High Cost
graft by keeping hens or cows or swine.
Copyright by George Matthew Adams.
no special costumes, and staved under
water only so long as they could hold
their breath—at the most two or three
minutes at a time. Then in the seven-
teenth century came a leather diving
suit, and after that the rubber and can-
vas suit with Its steel helmet and
tubes to supply air. This rubber suit
is still worn by river and shallow
water divers, as It is easy to work in.
and allowed the wearer considerable
use of hands and feet. The main dis-
advantage is that the diver must be
let down and raised very slowly be.
cause of the changes in pressure. The
pressure of the atmosphere at sea level
is fifteen pounds to the square Inch
At one hundred feet below the sa the
pressure of the water is fifty pounds
to a square inch, while at two hun-
dred feet it Is eighty- neven pounds A
diver wearing a rubber sut cannot de-
Scend far below one hundred feet as
the suit is likely to collapse and cause
his instant death.
The rubber equipment is now sup-
planted by rigid armor for deep sea
diving The divins sui was weighted
down only by sufficient lead to keep
the diver submerged. The armor weighs
around 500 pounds, and is rather like
the metal upholstery of a feudal
knirht, the big difference being that
the knight could stand up in his, trap-
pings, whereas the diver is absolutely
helpless in his until some of the weight
is offest by a few ton* of water pres-
sure. *
After he is slung down to two or
three hundred feet the armored diver
can walk about stiffly, and even bend
arms. He does not have to worry
about water pressure, because the ar-
mor withstands it just as a subma-
rine's armor does. Nor is he concerned
with air trouble, for the most modern
patents include an air generating
plant, somewhat like a gas mask can-
ister. This does away with pumping
air down to the diver, always a dan-
Eerous business, as tubes are apt to
sprinE * leak or be cut by sharks.
Tbe one drawback to the isman tank
idea is the stiffness of the armor
which necessitates use of hooks in-
stead of hands, and limits the divers
work on the wreck. However, he can ,
Stay down comfortably two or three
hours, a feat impossible with the rub-
ber suit, and he can make full obser-
vations and telephone to the surface i
boat reports as to needed repairs or I
work to be done. The telephone at- l
tachment in the helmet, which permit* i
divers to communicate with each other 1
,9 How much gold was mined in
191 (—E. V. S.
. A.:. The world’s production of gold
in 1918 is estimated at 8380,924.500 as
compared wit 8470,466.214 in 1915 the
greatest production record In a single
year.
Travis county commissioners this
morning contracted with the Cooper
dip concern for the tick dtp to be used
during the year in this couty.
According lo Fred 8. Rodway. Tra-
vis county tick eradication supervisor,
the county will require about 4000 gal-
lons for the year’s work. The contract
was let at 81.22 per gallon, placed in
the warehouse in Austin.
Sixty-five Vat Buildings.
Sixty,five vats are now under con-
*!ruction or will be under construc-
lion within a short time, states Mr.
Rod way. who believes that the tick i
eradication work in thin county will be ▼
almont completed in a year.
“The greater part of the county will I
be released from the quarantine with- )
in a year,” he savs, “though it will I
probablv be necessary to hch1 a few I
isolated parts ef the, county under ,
awrDa
Q.: Will you give me some facts
concerning Emma Goldman, the revo-
lutionist who was recently deported to
Russia?—F. J. W.
A.: She came to the United States
from Russia with relatives when a
young woman, and first came before
the public in 1893, when she was ar-
rested in New York for Inciting to riot
by her speeches. She claims to be an
atheist and disbeliever in all law,
whether divine or human. Rhe was
arrested and confined repeatedly, and
was said to have incited Czolgosz to
assassinate President McKinley. She
is about 53 years of age.
Q : What were the* returns of the
recent vote taken in the colleges of the
country on the League of Nations?_
A. M. I.
A.: The vote was taken in 113 col-
leges and universities, less than three-
quarters of the whole number, and was 1
participated In by 158,078 persons. The
division was as follows : For unquall
fled ratification, 48,232; for Senator
Lodge's reservations, 27,970; for com-
promise reservation, 61,494; for Sen-
ator Knox’S reservations, 6449; for re-
jection of the treaty, 13,933.
attracting widespread interest. Numer-
oum companies have been formed to
raise hulls and recover caruoes. Britain
has reclaimed over 500 of her 6000
wrecked ships, and United States sal-
vase companies plan to raise such ot
our craft as are in shallow water or
can be most easily found and lifted.
New inventions in diving and sal-
vage apparatus, removal of mine* from
the sea, and the demand for tonage all
combine to stimulate the wrecking bus-
iness, and make it probable that opera-
tions willbe extended to mid-ocean and
to localities hitherto inaccessible to
divers.
All the famous treasures burled in
the earth by medieval micers and pi-
rates are insignificant compared with
the incalculable fortunes sunk in the
sea. Seven billion dollars is a con-
servative estimate of value of the sea’s
hoard before the war, and it is believed
that after four years of war this figure
is doubled.
Davy Jones’ Locker has so far been
as good as locked to ambitious plun-
derers of the deep. Divers are willing
to take the chance of meeting sharks
and other monsters. They will brave
the danger of being trapped in a rotted
ship, or of their apparatus becoming
faulty. But they cannot by sheer cour-
age overcome their physical limitations,
especially the effect of heavy pressure
on the body, and this has prtected
the sea treasures better than their shark
policemen, the darkness and the en-
veloping sands.
Until a few weeks ago, ships sunk
below 250 feet were as safe from treas-
ure-seekers as if they had been en-
cased in unbreakable glass Divers
THE STATESMAN
The doctrine calling foe --sed
prodution anil universal economy is
vehemently preached.
The papers say that public and pri-
vate expenditures if unchecked must
lead to financial disaster.
I
Tn
act
pri
)
T1
About That Fall in Exchange
eha .------------
Ill-advised attempts to “stabilize” foreign exchange can only
be detrimental to American interests and it is to be hoped that
neither fear for our export trade nor concern least we lose our repu-
tation for wanting nothing for ourselves will lead us into such at-
tempts.
As the Dallas News remarks, “the way in which Europe has
been carrying on since the armistice is perhaps largely responsible
for the present trouble.” But the word “perhaps” is superfluous
and the News does not mention some “carryings-on” which have
important bearing on the situation. It does, indeed, refer to the
cutting down of hours of labor in Britain by which 36,211,000 fewer
hours have been put in during the last eleven months than would
bave-been put in under former schedules, and this is important, but
it does not notice the statement of Reginald McKenna (carried in
the same issue of the News) that the American dollar would not be
at a premium in Britain and there would be no trade balance against
Britain if Britain were not exporting goods on credit to other less
fortunate countries.
That is exactly what Britain is doing and not only is she ex-
porting to the countries named by her former chancellor Of ex-
chequer (France, Italy and Belgium) but her tradesmen have al-
ready begun the conquest of South American markets and her com-
mercial agents—according to American correspondents in Germany
—were first across the Rhine. The balance of trade as between
Britain and the United States turns for the moment against Britain
for the very good reason that Britain is “going the limit” in taking
possession of markets throughout the world. To some countries, ac-
cording to Mr. McKenna she is extending long credits but certainly
she is not doing this in all her dealings, and, in any event, she is
sending out goods instead of lending money and, therefore, es-
tablishing permanent trade relations. To a considerable extent, the
“losses' she suffers through depreciation of her money as com-
pared with that of the United States may be reckoned as pay-
ments for rapid extension of her trade, or, in other words as in-
vestments.
Now, if we follow the policy advocated by some of our finan-
ciers of making large foreign loans—to be guaranteed, perhaps,
by the League of Nations—we probably will build up European
industries, but it will be at the expense of our own trade, and the
course of exchange will not necessarily be altered. And if it were
possible to arbitrarily “stabilize” exchange, we would do nothing
more than to give Europe dollars for half-dollars or, perhaps, for
quarters and dimes. We would continue to export commodities__
and in all probability to have some part of them re-exported
without receiving commodities in return, until the European coun-
tries could take care of themselves, by which time they would not
only be able to refuse our goods but would have pre-empted the
other foreign markets.
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The Statesman (Austin, Tex.), Vol. 48, No. 281, Ed. 1 Saturday, February 7, 1920, newspaper, February 7, 1920; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1534052/m1/4/: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .