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THE DENISON REVIEW THE REVIEWPUBUSHING CO. (INCORPORA TED Entered at the Postoffice in Denison, Iowa, aa second—class mail motter. CITY BUILDING. We are pleased to note tlie revival of interest in the "Two Per Cent" club idea. In our opinion it is the best way in which a town like Denison can help itself. It is only the town with a factory that grows out of the "nice residence town" class and into the city class. How to get a factory is then the ob ject, of every commercial club or booster organization in every town. The competition is keen. The competition among the Get rich-quick Wallingfords and among the honest but visionary promoters is also keen. How to secure the factories and how at the same time to avoid the schemer and the visionary is the problem for the town. The natural resources which attract factories of any kind or size are Cheap Power. Cheap labor. Cheap raw materials. Good transportation facilities. Nearness to a good market. The artificial advantages that can be offered are Bonuses. Freedom from taxation. Cheap capital. Denison, in common with other western Iowa towns, has no sufficient water power to attract. The price of coal for manufacturing purposes, while not high, is not so cheap as in coal districts. Except for canning or for packing we have nothing to offer in the way of cheap raw materials. Labor can be secured cheaper than in large cities. The cost of living is less, rents are cheaper, there are no labor organizations. A mechanic can save more money at $15 per week in Denison than at $25 per week in Chi cago, and many of them are wise enough to figure it that way. Our transportation facilities are fair. We have two trunk lines and one good feeder that traverses rich territory. We are in the midst of a splendid market for nearly every man ufactured product. So much for our natural resources. They can be duplicated in a score of towns and bettered in some. In the keen competition to secure manufacturing plants we must there fore rely largely upon artificial re sources. Bonuses are usually unsatisfactory, whether in the form of gifts of sites, stock subscriptions, free rent or other device. They are attractive to the dis honest schemer or to the visionary, but not to the solid business man. They seldom produce lasting results. The multiplicity of vacant manufac turing buildings in many towns bear mute but eloquent testimony to this fact. What then can we offer? We believe cheap capital is the so lution. There often comes a time in the his tory of safe and prosperous plants when the owners feel that with more capital they could largely extend and increase their business and make it -more profitable. If the owner must pay eight per cent for his increased capital on a short time loan, which may fall due at an embarassing time, he feels that he cannot branch out. A business must be a good one that will pay eight per cent, plus a profit. If this same manufacturer knew where he could procure a sufficient amount of capital on ten years' time it would be a great inducement. We believe that a small advertise ment in a few trade papers to the ef fect that Denison had $100,OW to loan lor manufacturing purposes at two and one-half per cent on ten years' time, would bring more responses from bona fide, responsible manufacturers than we could take care of. Denison is a rich town. There should be 110 diflicultv in raising such a fund. Each of the three banks could well afford to subscribe $25,00') and the balance could easily be got ten from other business men. This money would be loaned on bus iness principles and on ample secur ity. Not more than one-third of the value of a plant should be loaned tc. any institution. Thus if the ci'izens loaned $100,000 it would mean the in vestment of $300,000 of outside capital. What would the investment of $300,000 to $400,000 in manufacturing plants do for Denison? In the first place it would increase real estate values twenty-live per cent or more. It would largely increase retail trade. It would increase bank deposits. Every one of tlie plants would do bus iness with the banks and further a percentage of their employes would become depositors or borrowers as they wished to build homes and to estab lish themselves in our city. What would it cost? It would cost the difference between what the money would earn in the owners' hands and the two per cent which we would receive. Ei,T^t per cent is a fair value to be placed upon this money. It is in fact more than a fair average earning capacity, al though some make much more. Using that basis, however, and the cost to Denison, providing $100,000 could be loaned, would be but $6000 per year and this sum would procure for Deni son $400,000 worth of factories. But, the cost would not be that much. To operate factories of such magni tude would require working capital. The average deposits arising from such business would not be less than $100,000 dollars. If this were the case the banks would receive all their money back in the form of deposits and the merchants would receive all theirs back, and more too. in the shape of increased trade. The increase in real estate values would be clear •"velvet." Such a fund, if raised, should be drawn pro rata as needed. If $100, 000 was subscribed and it was desired to loan $10,000 each subscriber would be called upon for ten per cent. The loaning of this money should be in the hands of a committee of from three to five and such security should be taken as would be taken if one of our banks was making the loan for itself. To the manufacturer the advantage would be four fold. I11 the first place he would obtain the additional capi tal required at a very low rate of in terest second, it would be on long time so that his business would not be harassed third, if he had a good thing he would not be obliged to share profits as he would if the citizens be came stockholders fourth, he would not be subject to any outside inter ference as to the management of his plant. One beauty of this scheme is that if it. did not work, if it did not attract manufacturers, the only expense would be that of advertising the offer. No one ever won a battle by un derestimating the strength of his op ponent. I11 the matter of city build ing, every other town is to a certain degree an opponent. If we are to do anything to bring Denison into the "city" class it must be by studying the question earnestly, by co-opera tion and by devising some plan by which Denison can be made attractive to investors. Why not give the "Two Per Cent Club" a trial it would cost but little. There could be but one improvement and that to make it a "No Per Cent Club" and loan money absolutely with out interest, on good security, for manufacturing purposes on ten years' time. CANADIAN RECIPROCITY. The clamor of the east has forced the administration to make some at tempt at Canadian reciprocity. Some interest must be sacrificed in order to appease this clamor. The central west, through such men as Senator Cummins, had already gone on record as favoring such a treaty and, desert ed by its natural protectors, there is small wonder that the eastern manu facturer is in a fair way to get what he wants at our expense. Had the west maintained a solid front against Canadian reciprocity no treaty would ever have been broached. We will not pretend to say, without having given the matter that earnest study which must have been given it by those having the treaty in charge, that it would be a bad thing for the raited States as a whole. If we must have free trade it is better to have it with Canada than with any other coun try, for conditions there are much nearer like the conditions in the states. It may be that in time such a law would so Americanize Canada that we would feel the competition there 110 more than we feel the competition of Minnesota. But for the immediate fu ture we can see nothing but that the west is called upon to make sacrifice for the benefit of Canada and the New England states. The tariff 011 butter, eggs, dairy products, cereals, live stock, etc., is to be removed in return for like reduc tions 011 certain manufactured articles. If one result is to be cheaper food stuffs it must mean lower prices for farm products. That is something which 110 amount of argument can gel around. It may be that this is the part of wider statesmanship, that this treaty will so unite the interests of Canada and the United States that they can never be disunited and that the ultimate effect will be to extend the boundaries of this country from the Gulf to the Polar seas. It amounts to commercial annexation and politi cal annexation is really a less import ant step, and one which is apt to fol low. For the present, and from what we are willing to confess is a selfish standpoint, we can see nothing in it but lower prices and increased compe tition for the farmers of the west, without any adequate compensation, and with no concessions 011 the part of the benefitted east. Now is the time to invest in land— in Canada. THE CANADIAN AGREEMENT. The Canadian reciprocity agreement submitted by President Taft for the approval of both houses of congress is the logical sequel to the tariff insur gency that has prevailed so widely during the last few years. Those who like the proposed reciprocal arrange ment may give the insurgents the main credit for it. Those who do not like it may charge responsibility to the same quarter. I11 general the suggestion of Cana dian free trade in food products may be considered as the president's re sponse to the clamorous complaint that the existing tariff is responsible for the high cost of living. This com plaint has run through the whole in surgent propaganda of the last few years. It has been, in fact, the back bone of that propaganda. I11 last year's congressional campaign it was mainly responsible for the heavy re publican losses, especially noticeable in the east. The large democratic gain throughout New England could be traced directly to democratic criticism of the republican tariff and demo cratic pledges of cheaper cost of living if the democrats were allowed to re vise the tariff. Gov. Foss won his refnarkable victory in Massachusetts on the specific issue of Canadian free trade. Looking over the whole field the president found that the complaint against the Payne tariff and the de mand to attain cheaper living cost through tariff reductions was not con fined to the east. The insurgent lead ers in the middle west, the northwest and the far west were, if anything, more bitter in their criticisms of the existing tariff than were the eastern democrats. The insurgent leaders continued to voice loud demand that the tariff be revised further to reduce the cost of living. Furthermore the constituents of these insurgent leaders seemed to be back of them. Most of the insurgents who were candidates for reelection were returned. It was a matter of common comment that where insurgent leadership was pre dominant the republicans held their own or minimized losses. Evidently the president concluded it would be good politics to recognize what seemed to be widespread, not section al, popular demand. The Canadian reci procity agreement is the result. This conclusion is not disturbed by the fact that the negotiations were undertaken before last fall's political overturn. At the time they were undertaken, following the maximum and minimum negotiations, it was the general ex pectation that nothing could come of them. Nothing would have come of them if toward the last the Ameri can commissioners had not been un expectedly liberal in granting conces sions to Canada without receiving cor respondingly large concessions in re turn. Now that the Canadian agreement has been submitted to congress it will be disclosed whether public sentiment is back of it—whether it is back of the plan to reduce the cost of living at the expense of the agricultural west. It will be interesting to watch how the insurgent leaders of the west will deal with the situation they have helped to create. It will be particu larly interesting to observe whether Senator Cummins will stand back of the president now. Senator Cummins, by the way, is on record in favor of the sort of Canadian reciprocity em bodied in the proposed agreement. It is by 110 means impossible that the president has read that famous in augural address and that it may have influenced him in deciding that the prosperous and generous west was ready to make sacrifices for the bene fit of the east. It is proverbial that reciprocity treaties find hard sledding in con gress. There is nothing as yet to in dicate that the present convention will find easier going than the Kas son treaties. The first result will be commotion back home among the con stituents who find their products 011 ihe free list or in the reduced sched ules. This will quickly find reflection in congress. It may be doubted whether even so brave an insurgent as Senator La Follette will care to stand for free lumber and free wood pulp. The free lumber item also will test the mettle of the far western insur gents. Certain it is that all the sen ators and representatives from tl.c middle west, the northwest and Uie lar west will promptly begin hearing what the farmers think about free trade in the finished products of the farm. Nor will New England fail to find representation in the chorus of complaint. Apparently the arrange ment is largely in the interest of New England, but incidentally ii provides for free fish. The protest that will come from the New England roast may not be so loud as that arising in the west, but it will not lack car rying quality, nor is it likely to lack representation by votes in congress, if the convention ever comes to a vote. The Canadian agreement ought to be popular with the press of the United States. It gives the publishers what they have been demanding lonp and earnestly—free print paper and THE DENISON REVIEW, WEDNESDAY, FEB. 1, 1911. the Payne tariff bill is believed to have been a large item in promoting printed criticisms of that measure. We should now be able to see how in fluential the press is in getting votes in congress when its view happens to conflict with the interests of the mem bers' aroused constituents. President Taft can hardly be ex pected to get action on the Canadian agreement during the last three weeks of a congested short session of con gress. If there is to be anything like early action apparently it will have to be at an extra session, in which the whole question of tariff revision must be taken up—with the democrats in control of the house. The prospect for a commotion about Canadian reciprocity is excellent. It will be an entertaining commotion in many ways, although it will not he especially helpful to a situation in which there has been demand for "more business and less politics." Anything more than a commotion is not yet in sight.—Sioux City Journal. So far as we can see the Canadian reciprocity plan is a Give and Take idea—The West gives and the East takes. Mr. Chas. Tabor sails for his ori ental trip on February 4tli. on the steamship Arabic. Scores of Denison people will wish him "bon voyage." A cat may look at a king. Like wise any man is privileged to bring a lawsuit. The status of neither the king nor cat is materially changed thereby. We do not believe President Taft will quarrel with Senator Young if the latter sticks by that which lie thinks is right. Big men can differ without quarrelling. Reduced cost of living, means reduced price for products, reduced price for products means a reduced price for land. Can you figure it dif ferently? Conservation is what we need. Con servation of Denison resources for Denison. Conservation of those insti tutions we now have and then a reach ing out for more. C. L. Voss is proving a stem-winder as president of the Commercial club. Make the club a live wire and there will be no difficulty in obtaining and holding members. The commercial club ought to have a luncheon at least once a month. Next time the business men of Manilla should be entertained, then those of Charter Oak or some other town un til the merchants and town builders of all our communities have been in vited. Why not? While 011 the witness stand the oth er day Ex-Gov. Shaw gave a little talk 011 the hard times of the last democratic administration. People are but too apt to forget the lessons of those times. It was brought out in the testimony that the real estate transfers of 1897 were just one-fourth the number filed in this county last year for the same period. If the mat ter of values had been considered it would have been ten times as much. This means that the demand for lands is four times as active and that the prices are from two to three times as high as when the country was just emerging from the shadow of democ racy. And now comes an announcement that the practice of putting salt 011 icy sidewalks to melt the ice is not only hard 011 the footgear of pedestrians, but it is also unhealthy. A neigh boring county newspaper, after noting that the practice is prohibited by ordi nance in some cities, says: "The put ting down of salt converts the snow and ice into a slush that threatens health and the destruction of shoe leather, rubbers and the hoofs of horses. A physician of a nearby town, speaking of this matter, says tiiat to sprinkle salt on the sidewalks over which many pedestrians pass each day was a common way to breed pneiiomnia and diphtheria germs and it is also the opinion of physicians, he said, that when the salt adheres 011 one's shoes, and when they become saturated with the mineral, the salt acts as a preservative of cold the same as it does in freezing ire cream. Once the salt lias penetrated the soles of shoes it is there to stay, and not only ii will cause the wearer of the shoes much discomfort, but it lessens the life of the leatiier. There are dan gerous walks in town and it requires something to make them safe for pe destrians, but instead of using salt for that purpose, a little sand or ashes will have a much better and healthier effect. Where the walks have been treated with salt it is readily noticed by pedestrians that the wet snow re sulting is traced half a block away, clinging to rubbers and leather shoes." —Bulletin-Journal, Independence. Young men would go in society more if the girls didn't work them so hard. JPI Equal to the Occasion. "We've advertised moving pictures, and now the moving picture machine is broken and we can't give the show and the house is filled," nervously says the assistant manager. "Can't we?" scornfully replies the manager. "Hustle over to the dime museum and ask them to lend us the tattoed lady to do a Salome dance." —Chicago Post. OFFERS A WOODEN NUTMEG Iowa City Republican: The post office department has apparently yiel ded to the demand that stamped envel ope printing either be discontinued by the government or distributed over the country. But as a matter of fact the concession made is nothing but a blind. All printing is done now by a Day ton, Ohio, firm which is the only bid der. It prints the envelopes while they are yet in the sheet, that is, before they are made up in envelope form, and thus is able to maintain a monopoly. There is no reason why envelopes for Iowa City people should be printed in Dayton, Ohio, and there is a great demand for legislation abolishing stamped envelope printing. To head off this demand the postoffice depart ment has agreed that contracts shall not be made, but that printers in each town shall do the work of each post office. The price is to be fixed by the department and unless that price is met, stamped envelopes will not be turned over by the postoifice to the printer. The result will be that the government will fix the price now charged by the Dayton, Ohio, firm and not another establishment in the coun try can meet it. The Dayton firm will continue to get all the business. It may be argued that if this Day ton company and underbid isolated firms, it should get all the work, but that is not the principle upon which the prosperity of the United States is based. The government might compel all the people in the country to buy their staple groceries from one con cern, which could furnish them more cheaply than county merchants but hardly anyone will claim that such a course would be a blessing to the iountry. One of our exchanges tells of an old German who had a boy of whom he was very proud, and decided to find out the trend of his mind. He adopted a novel method by which to test him. He slipped into the boy's room one morning and placed 011 his table a bot tle of whiskey, a bible and a silver dollar. "Now," said he, "when dot boy comes in if he takes dot dollar lie's going to be a beeznis man if lie takes dot bible he's going to be a preacher if he takes dot, whiskey he's 110 good, and going to be a drunkard." Then he hid behind the door to see which one his son would choose. In came the boy whistling. He ran up to the table, picked up the bible and put it under his arm, then snatched up the bottle, took two or three drinks, picked up the dollar and put it in his pocket and went out smacking his lips. The Dutchman poked his head out from behind the door and exclaimed: "Mein Got, he is going to be a boli tician." You often hear it said that "what is one man's meat is another man's poi son." No one finds that out oftener than the editor of a newspaper. What pleases one man and causes him to give the quill pusher a slap on the back and a word of commendation, of ten causes another man to become so mad that he would not even have the paper on his pantry shelf.—Hampton Recorder. A good many sporting editors have been spoiled by the notion that they must be humorists. 1KB Best Lump Boone Coal .25 Per Sunnyside Washed Egg and Nut $6.50 Wonderland Lump $7.50 Virginia Splint $7.00 Illinois Egg .... Hard Coal, Egg and Stove Sizes $10.00 (jly Del 6 Hard Coal, Nut Size $10.25 Are you going to build? Don't fail to let us figure your bill. TOM. Add 50 CciltS Public Sale. As I intend to quit farming, I will offer for sale at my place in Paradise township, Section 35, one mile north and one-half mile west of Arion, on FRIDAY, FEBRUARY 10, 1911, commencing at 10 a. m., the following property: Eight Head of Horses—Consisting of one team of brown geldings, 12 and 14 years old, weight 2800 one bay gelding, weight 1400 one grey geld ing, 3 years old, well broken, weight 1300 one grey gelding, 2 years old, well broken, weight 1100 one team of buckskin mares, 3 years old, weight 2200, well broken one yearling sorrel mare colt, weight 1)00. 38 Head of Cattle—Consisting of 11 extra good milch cows, one cow fresh with calf by her side, others to be fresh in March and April. The other cattle are 25 head of spring calves, of which 15 are steers and 10 heifers. One yearling Shorthorn bull, color deep red. 30 Head Good Summer Shoats. Machinery—Deering binder, Parlin corn planter with 100 rods wire, Emer son disc, 16-ft. harrow, Deere seeder, Imperial mower, 16-in. Oliver stubble plow, 16-in. Royal Blue riding plow, 2 Avery walking cultivators, Avery tongueless cultivator, Janesville disc cultivator, hand corn sheller, 2 wag ons, new spring buggy, used 1 month, single seat buggy, set bob sleds, 4 sets good work harness, single har ness, GOO-lb. Economy Chief cream sep arator, used one year, 10-barrel gal vanized tank, 6-barrel galvanized tank, 10-barrel tank for hauling water on wagon, tank heater, grindstone, hay rack, 15 bushels Rural New Yorker potatoes, feed bunk. Household goods and many other ariicles. FRIJE LUNCH AT NOON. Everything listed is in good shape, and will be sold. Terms: All sums of $10 and under, cash. On all sums over that amount a credit of one year's time will be giv en 011 approved notes bearing 8 per ccnt interest from date. No property to be removed until settled for. ALVIN JACOBSEN. Malone Bros., Auets. O. M. Crisuell, Clerk. Sympathy is often half contempt. After a man passes fifty, he would rather gossip about wickedness than engage in it. We have a longing to live in Ger many. ,loe Schoot says a mail is just as good as a woman in Germany. "Appetite Creators' That is the name often applied to the joints that leave our establish ment. Properly cooked, they are at tractive enough to tempt the most jad ed appetite. There is a sweet odor and a "come and try me" invitation in looks that cannot fail to draw close attention from the epicure. All our Meats have this peculiarity, because all our Meats are selected with a view to please the eye and the palate. Beef, Pork, Mutton, Veal and Lamb Chops, Steaks, Cutlets and fresh killed chick ens. Selander Bros.