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ATTnnTrPT?nnv. PTTT 7 f. n . ' i - 1 i I i m I ii I illilMBMIl lliaiMWMIWWlMBMMMMMMMirnWlBl r MONEY IS EASY IN All BIG CENTERS Capital Is Accumulating Seeking Safe and Profitable Employment. and New Y..ik, Feb. 23. Mnify is e;y everywhere. Not only in New York, but In l'ari. Frankfort and Ilerlin the tendency of Inten-ft rates Is still down v. mis. This, of course, is main ly dm' t the depression prevailing in coninu rce and industry in all parts of the world. As a result capital Is accumulating and diligently king every form of safe and profitable em ployment. The effect of this situation upon the security markets is marked. In the lirft place, it causes a good de mand for high grade investments from conservative Investors and Insti tution, who have more regard for preservation of principal than either dividends or speculative proiits. At the same time another class of buy ers, Ik., the general public, continues to abstain from the market, partly liccaune the dullness of business .and diminution ef profits lessens their purchasing ability, and partly be cause they recognize that the prices of average stocks are much to.) high in view of existing conditions. The in siders ana big market leaders have successfully reslste-d any Important decline thus far, owing to the nbuml ance of cheap money. There are rea cons for believing, however, that those whose policy it was to support the market and resist natural tend encles have accumulated all. if not more than, the stock they desire, and that fri the absence of buyer their position is anything but a satis factory one, notwithstanding their unquestioned financial strength. For some months past all the re sources and skill of the great leaders tiava iieen concentrated UDon the pur pose of resisting natural tend encies. Considering the great shrink age In railroad traffic, and the un questioned dullness In business, prices ought to have undergone a consider able reaction. Such has been the course In all previous panics, and it is difficult to appreciate why the re sults should be any different now. There is no doubt the recovery fol lowing the rebound after the panic was too violent, having been unduly stimulated by the inflationary effeot of cheap money and the powerful co optration of great financiers. This re stot&nce to natural reaction was not confined to the security market; it ex tended equally into all of the great Industries under the control of big Macbln&tlons. It to to be doubted, therefore, if liquidation has been as complete as it should have been, In ' order to bring business to really ound ba-'ls. Kuyers. not only of stocks, but of commodities, lack con fidtnee. There Is a universal feeling that as prices are too high, a reces slon must follow; and all buyers as a matter of nelf-interest are preserv ing a hand-to-mouth policy and ob stinately refusing every anticipation of future requirements. It ia this lack of confidence among buyers that has much to do with the present Inertia of business. Nearly all lines of business today are exceed Ingly quiet, the only signs of healthy activity being where ,as, for instance. In cotton goods, a thorough read justment has already taken place. Iron and steel prices are now oemg reduced to still lower levels, nut needless to ay, though this has at tracted many orders, buyers are still unsettled because action has been de ferred, and the market has not yet been sufficiently tested by competi tion between buyers and sellers. Moreover, the dullness In trade Is be ing further aggravated by tariff agi tation. -While tariff talk does not lessen the amount of food consumed, clothes worn or shelter required, still the uncertainty has a restraining ef feet upon new ventures and strength ens the determination of buyers to preserve a hand-to-mouth policy. No doubt when the tariff question Is set tled business will Intdantly take a vig orous start In consequence of the ac- .tatinn nf defb.red orders: so that the total volume of business ove an extended period will have suffered little or nothing. During the interval. however, much hesitation will prevail and must be endured until the tariff .iiestlon Is settled. Unfortunately . . i the nrosoccts are for a proiongeu uuu bitter agitation .present inuicauonn being for a more or less excited s- - . . , II a rr T I ' I Y1 0 1' eSt. IISUTIIC n ...-' mid-summer. Already an unusual length of time has been given to hearings on the tariff by the ways and means committee, and with very unsatisfactory results. President-elect Taft is expected to call a special ses sion of (""'ingress beginning the middle f March, anil from thence on it Is o be f erred that the business com munity will be harassed more man now by the uncertainty pending re vision. The tariff has now become political issue- of supreme import ance ;too important anil complex to be settled by any tariff commission, and capable of adjustment only by debate and struggle on the floor of ongress. The outlook for the stock market ontlnues complex. (In the one hand. we have universal ease in money aiu prospects of Its continuance until the ,ui turn n in spite of government with drawals of deposits, gold exports un I possible Increased demand Incidental ) the first -,.f April. The good inquiry or bonds and high class stocks is cer tainly encouraging. London has oeen larger Investor of American securi ties than for some time past, and the general strength of the foreign mar kets w ill, of c urse, cxer,t a beneficial Influence here. On the other hand, the prospects of continued dullness in trade in the United States, the out look for irritating tariff discussion and the fact that neither so-eurlties nor commodities have yet undergone an adequate decline all tend to unset tle confidence In the future of the stock market. The new administra tion will shortly be sworn In, and a reassuring and encouraging message is confidently expected from Pres ident-elect Taft. The effect vjf this, however, can only be temporary, un less there should be a material change in other vital conditions. The natural tendency of prices Is to seek a more normal level, and the situa tion wouj dbe benefited by a gradual readjustment. It is simply a question of how long artificial resistance, pow erfully aided by cheap money, can hold In check natural forces. Tno market ia auite likely to witness sharp rallies on uny favorable devel opments of Importance, but the pr? vailing tendency must be towards I lower level until the tariff is settled and business begins to show signs of genuine Improvement. Restoring Jericho, City Destroyed By Noise ""Vf---,. w.."" . J .. -H-v ir "l'rinln .i:!tr ;' :jsr ISKNKATH T1IH I.ONO MOUND MIoYVN IN" T1IK PHOTOGRAPH 1.1 ICS TI1K ANCIENT CITY OF jKitii'im. Will Jericho be rebuilt? They ask the question in the Holy Land, in awe. The walls of Jericho, which fell be fore the Israelite forces at the blast of a ram's horn after processions of priests and people marched around them dally for seven days, are be ing uncovered by German nrchcolo gists. Joshua, the Israelite leader, pro nounced a curse on the city after Its full, and invoked the curse of (lod on the man who should rebuild It. Twice has this curse been defied, once in the days of King Ahab, and again under the llcrods, during the Roman occupation. 'lint In both oases destruction followed fast on the heels of the haunted city. Since tho time nf Kinperor Ves pasian it has lain hidden and for gotten tinder a plateau of shifting sand. The (ieiman scientists, under the directum of Prof. Sellin and Prof. Wxtsilnger of Kerlln, are making the third attempt to restore it. Cray bearded rabbis and the wiBe men of Israel watch the progress of the excacntions with Interest. The work Is half done. Will the Lord allow it to be finished? As excavated and restored so far tlie walls of the old city are shown to be of remarkable thickness and ftrength. Over a foundation of nat ural rock was placed a filling of fine gravel, on this was built a sloping AnisMnzJAR t V 'Yr i4 SBBSSSSSBBBBBaMB . Your printed matter is usually your first representa tive to a prospective custo mer. You should not send a shabby representative IP IT I In itS BOA Of the Right Sort ON THH hKFT, SAM PLUS OF POTTKRY TAKEN OUT OP TfJE RflNS OK JKUICIIO. ON THK UIOHT, PHOTOGRAPH OP EXCAVA TION WHICH IS UNCOVERING Til I-, WALLS OF THE ORIGINAL CITY. ubble wall twenty feet high and For 'That Terrible Itching. Eczema, tetter and salt rheum keep their victims in perpetual torment The application of Chamberlain's Salve wUl instantly allay this itching, and many cades have been cured by Its use. For sale by all druggists. Want ads printed bring results. In the Citizen GORGEOUS GOWNS FROM GAY PAREE -f ":i 1 ltsfS? i fei ':. s ven feet thick. Crowning this was the actual fortifications in clay brick. In the ruins of the dry has been found much old pottery which is of interest to the archeologists. Much of this is old Judaic in'orlgln. From later Investigations it Is 'hoped to classify more of It, shether Canan ite, Israelite or Jewish. Other pot tery with the mark of Rhodes, and with Aramtc inscriptions, as well as terra cotta work, has been found. The destruction of Jericho by Joshua, as told in the Bible, is dated back to 1451 B. C. . It was rebuilt by Hiel, a general of Ahab's, in 1918 B. C, and destroyed again by pinion, a Roman general. Restored under Herod, it fell again before the sword of Vespasian, and has remained lost ever since. WAS A FIGHTER BUT HE ALSO LAUGHED Genial Side of Our Many sid ed. Retiring President, Must Not Be Overlooked. and chuckled, and I had a "tip", of some considerable Importance. In the writings of Roosevelt the render will seek in vain for anything not serious. And yet the author does not tako his literary activities with entire seriousness. He has a little Joke on himself In this connection. It comes about when visitors not as well versed as they might be, hear Heme anecdote or incident which strikes them of peculiar interest, and they remark: "You ought to write that, Mr. Roosevelt. That really ought to oe preserved." "It is." the president responll. "You will find it in my books. When solemn people and occasions are interrupted by events not solemn, the results amuMe. Such an event was a cabinet meeting at which Kermlt Roosevelt entered with a king snake and several snakes of other sort crawling from, his sleeves. Attorney General lionuparte left his chair with more haste than dignity, and other members of the cabinet expressed thoir nervous disapproval. The presl dent tried to keep a solemn face on this occasion, but hardly with suo- cesa. Roosevelt Is not always "talking shop." He loves a j.ike and cravws fo be amused. He is quick to see and keen to take the point. Sometimes hi conversation runs to anecdote and he tells a story to illustrate his point. Such at times are drawn from that vigorous life when he was a rancher In the west. 1 recall one time when he was discussing the opposition to ..I.... . . ....... I .V... fln..l uvrtim.-) Itl. .hie iiiiii, lu n,i,v, im ntuuiiu n. . Washington, D. C. Feb. i3. Theve Is a genial and a humorous side t Roosevelt which, as he is leaving the White House, muijt not be omitted from the records. Much has been told of his aggressiveness; much of his savage fighting qualities; a great deal of his serious activities bodily and mental. 'Less is known, perhaps, of the man who laiiRhs who tells or sees a joke. And yet Roonevelt hu that side. I trust I may be pardoned if I relate a matter of some intimacy, Just to Il lustrate. 1 was seuing the president by ap pointment at the famous "shaving ; world. hour." As is well known this occurs) "Go?" .said he. "Will they go? between the morning rush of work That reminds me of an Incident at an and the hour for lunch. In the little election held in A very small und very running U luvaganc is rl"t than ever In the latest produc tion "f the fanciful French dress maker. Old style? of by-gone periods are ideulized ami coupled in rich bro cades. Clouds of cobwebby laces lor which old Kitig Solomon could not ti:ive afforded the price, are becom iiik the every day habllamenU of the exotic Parish nne. l- hm i rs if gold and silver, and ln- i us-.itii ns nf pearls and other gems lire rt uj'i'i) many of the new sown-'. Tile costumes designed by Mainline Ijiicrolx, which are here with pieturcd. show the trend of ex- ll'elllil)l. wilder I An ironical accessory of toilet to accompany such fabulous gowning is the "Alms bag," without which the lady of fashion does not consider her heir dressed at all. The alms bag traces Its ances try back to the leathern sacks worn by the strolling monks in the eleventh c ntury. Its more recent forerun pers were th? receptacles In which great ladles of the old days carried alms for beggars. In reality the "alms bag" Is worn not for sweet charity's suko, but be cause it harmonises with the medle val splendor of the costumes being affected better than an up to date chopping bag or chatelaine. room between the office of the prel dent and that of his secretary is a big leuther chair. Ordinarily used for aiting visitors this is converted into tonsorlal throne between 12:30 and :30, and the Fklllful Iaucy does the trick. In the economy of time the hour is used for appointments of the m formal character. On this particular day the windup of the conference was enlivened by the urrlval of Secretary Taft. I have been trying to discover," 1 saUl to Mr. Taft, "whether the presi dent intends tj take part in the presi- ntial campaign of 1908." Up to this ,time no intimation haJ been given to tlie important thing which subsequently happened. Secretary Taft sat up, and there was an Interested iwinKie in nw eye. "As to that.:" the president repllel 1 i-an only say that I hope to see some good man win. To that end of course, 1 shall di my part." And I was wondering as to wheth er thei, might be any ideas in your mini! as tu who that wml man i.s?" said. "I am for one g.md man," the president went on. 'Any good man. who till- the i enuirenients of the pl.ice. he Held is open--" I w.is i.. --teniiig with both ears. "Any man wilt be suitable to nie, providing only well, providing that lie be a man of substantial weight--- say sou pounds; inai ne ut. a. giaini ate of Yale ay of tlie class of "78; that he be expi rli need In public life say as civil governor of the Philip pines; that he be of Judicial temper ament and trulnlng as If he had been a Judge of one of our federal circuit courts; that he he trained In administering our great Panama cun al; that he have had experience an secretary of war, and, In his religious views that he be a Unitarian any man suits me, so that he meet re quirements of thi kind." It was ilroll. The president never cracked a smile. The secretary ml rugged settlement in our far west. Tim bos, who was also the sheriff, had given orders that no member of the opopsing faction be permitted to cast a ballot. lurlng most of the day the order went. Hut there was one man mo' daring than the rest and he j-tepped up and offered a bal lot of the offensive kind. The sheriff landed on the offender's Jaw, and the victim went to earth. After a pause an admiring spectator spoke: 'Say, sheriff, but that cus went down." Went down?' drawled the sheriff. 'I guess if he hadn't after what I hand ed him I d a' gone around behind to see what the hell was holdin' of him up." " The point of the story was not lost. The fleet went. Rut Roosevelt will be remembered for his strenuous, active, pugnacious. versatile personality. These are what have occupied the public stage. The other'side is known only to those who have seen behind the veil. I think the man has changed. He i.s not less strong. He Is not bitter. He is not tired. He does not lack in hope. But there are lines in h'e face which were not there when first 1 saw him seven years ago. They are the lines which coma to him who fights. Roosevelt has fought. He has fouglit on that side where only the great and truly patriotic can take their stand the people's side. He has stood up beneath a rain of calum ny and hatred, dealing and receiving blows. Some of the enemies' shafts have hurt. The daily clever calumny the poisonous He spread and spread and spread handed dally to the pub lic in the organs catering to the in terests of class and privilege ome have doubtless found their mark. Rut he Is game. Not the most inti mate of his friends ever heard him whine. If his dearest friend if the man who owes him most should turn upon and sell him out him and all his friends and political acquisi tions and by treachery deliver them Into the hands of his enemies even then I think Roosevelt would take the wound like the soldier who has been hurt and taken prisoner by the enemy. If the capture was to be the enit he would take it bravely. But until the end he would watch for a chance to get away and make the fight anew. And in spite of all Roosevelt W a modest man. To. one of those whom tlie outgoing president has found not Just of the time-serving pack, he recently re marked: "You are one of six who will remember me thirty days from now." To one who had suggested that he had made a record which would have Its place In history he said: "Ne. It W Just a decent administration. That is all. 1 have been loyal to those friends of ILIncoln, the plain people. But that Is a'l." Rut It is not all. After seven years of dally vlsitlngs at tlie White House, seeing much of men and things and from the point of view of confidence and- nearness. I ara Inclined to think the stature of tni president Is second only to that of that great model which he loves Lincoln. He is a great man, and one like wise to be loved. Soldier Balks lHath riot. It seemed to J. A. Stone, a Civil war veteran, of Kemp, Texas, that a plot existed between a desperate lung trouble and the grave to cause his death. 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