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THE BUKIjINOTON FREE PRESS AND TIMES: TinTUSDAY, JUNE 24, M09.
GOV. HUGHES T PHI BETA KAPPA Save an Address at Colgate Uni versity Where He Was Once a Student. FOR LIBERAL EDUCATION Believes II Sfrpwnrr for the nrcntest Kfllrleney In Technical Studies N lit Ion's Wurk Must He Well Done Finest Fruit of Mudy In Kntiinted View. Hntntlton, N. Y.. Juno 22-C.overnor Charles K. Hughes addressed tlio Phi Beta Knppa society of Colgate fnlvorslty here to-night, extolling tlic value of tho llhprnl college education. Ho spoke re mlnlsecntly at llrrt of his two years stu dent life nt Colgate, beforo going to Hrown University. To the 1'11 Hetn Kappas he wan In troduced by Professor Anderson of Col gate Seminary. Governor Hughes 'aid In part: The meetings of this Society. by vir tue of Its traditions and alms, challenge nttentlon to the relation of tne Ideas of liberal study to our social and political development. These Ideas cannot now be said to bo ndmlttedly sacrosanct. The annual dollv prance In this presence Is no longer an address from the Intellectual throne, with tin; assurance of reckognlzod divine right At a time when Intellect Is so largely do yoted to the satisfaction of material yrants and tho relief of bodily dlsttc-s, Wtien even the church makes Its appeal largely through social Fcrvlco and places slight reliance upon the dogmatism of scholastics, and v hen graduation from liberal courses so often forms the entrance, to the activities of business and so fre quently Is more significant of social op portunlty than of culture, the old Ideas must contest for place In a rivalry whlcl cannot be Ignored. They must bo Justi fied to a democracy zealously intent upon ascertaining and pursuing what Is worth while. It would show a deficient perspective and scant sympathy with the demands of progress to view otherwise than with profound gratification the Increasing am plitude of provision for technical training. Wo are a nation of workers, nnd .the i work must bo well done; wo thrive by wants created and satisfied; our Idealism lias a Mirer foundation In the multipli cation of opportunities for skillful work nnd In the preparation of skilled workers Research is even transforming ngrleul ture, and with the complexity of our In dustrial development the demands of the nppllod sciences requite a mental discip line and thoroughness of special study which formerly was unknown to our Fchools. The Intellectual victories of our modern world belong largely to the en gineer nnd the surgeon. The practical American mind is fascinated with the deflnlteness of object and with the whole some spirit of technical work. Tne requlrments of preparation for technical pursuits are. instantly appre hended. There must he, first, precise knowledge of material, definite, informa tion as to tho results of observation and experience, to the degree essential to or dinary practice. Then there must be fa miliarity with sources, to thnt with a minimum of loss of time nnd energy one may know how to acquire further Infnr ntlon, indeed all that Is accessible with regard to a particular subject. Again there must be knowledge of method, the patient and painstaking examination of facts and grouping of results. And final ly there must be the scientific spirit, the lovo of truth for Its own sako, the fear less, unfllnclng demand for verity, with out prejudice or pride of opinion. Every hypothesis Is constantly on trial, every experiment Is subject to correction, every analysis Is continually reviowed In order to expose fallacy. Tho benefits derived by the community from this training arc not to be meas ured simply by particular results In prac tice or in invention. Nor are they fully described wheat account Is taken of the nddltlon to human happiness by the en largement of the field for trained effort and by tho creation of new departments of useful activity, presenting opportun Itles for Individual research and the ex ercise of individual talent. The annual re-enforcement of society by companies of young whoso business In life Is to know exactly, to practice with precision, to make their experience contribute to wider knowledco and to whom In some elected sphere the discovery and applica tion of truth Is all Important, must have through the subtle Influences of social Intercourse a powerful effect upon the character of the community. Every such re-enforcement limits the field of papslon, reduces tho sway of prejudice and supersti tion, ulds tho cautions of prudence, anti dotes the poison of demogogery, and strengthens the appeals to leason on be half of the well older ed conduct of pri vate nnd public life. Hut our recognition of these advantages, while It Bhould bo cordial, may not lie permitted to distract our nttentlon from the Importance of the Ideals of liberal study. Indeed, In the effort to point a contrast, wo note at once our obligation and the essential harmony of purpose, Liberal study Is still study, and Its ob ject must be to know something well, The flower of liberal culture Is not the dllletante. Tho scientific spirit Is as essential In (he study of the humanities as In engineering. The college of liberal arts no less then the technical school Is n place for Intellectual mastery and con quest. Instead of technical preparation merely for work In one field, it con templates tho mental discipline, tho en rlchment of tha mind with tho nest nf the world's thought, the acquaintance with the fundamental facts of science, anil the knowledge of history and iolltlcs which will best fit a man for work In any Held nd for the most useful and happy life. Striking observations nro sometimes mndo ns to the futility of the mere pursuit of Information, but Information as to tho progress of tho world's life, as to the history of Its thought, as to the lead Ing facts of Its activities, must bo re gnrded as an essential of culture. It Is priceless privilege of tho fortunate college student to become, well Informed, and It Is the duty of the college to emphasize that privilege, ns It Is Its function to chart tho world of facts, so tint the student may readily traverse the main thoroughfares of Intellectual commerce and In future voyages along ruoro un usual routes easily got his bearings. The American collego has never so well crved this purpose ns to-day. It may Indeed be regretted that so many younn men throng our Institutions with but nllght appreciation of their unrivaled op. portunltles nnd are content to live so far beneath their privileges. Hut a candid comparison with conditions In former gen erations must, I believe, nttest the fact that not only In the ense of the select few who feel tho Intellectual Impulse, but also In tho average case, tho benefits of collouo training nro morn inaiked Ihnn heretofore. Tho necessity for more rigid discipline In thn earlier years and for more careful guidance In selection of sub jects may need emphasis. The problems of liberal education have not yet been solved, and present many difficult ques tions which engage tho attention of our educational exports. Undone who faith fully compnres tho actual work done In ccllege to-dny with that of thirty yens ago, for example, cannot fall to bo Im r.rersed with the gains which have been made, Nor Is It to bo counted loss that many seek a college education who havo no Intention of devoting themselves to distinctively Intellectual pursuits. It Is an advantage that more and mare largely the general nctlvltlra of business life should feel tho Influence of Ihoso who have tho wider horizon of college educa tion and of acquaintance with a wonjyl which lies milsldo tho range of observa tion of the shop nnd the counting room. H Is a cause for congratulations that throughout our land from almost count less educational centers there nro coin ing, not simply to the so-called learned professions, but to tho varied nctlvltlc3 of trade nnd commerce, hosts of men whoie lives, through systematic training. have been enriched by the wisdom of tho pnt nnd tho study of the progress of humanity. We want moro of this nnd not less. There is no dancer that the Importune. of technical tuilnlng will bo disregarded, but Its piecursnr to tho fullest extent possible should be found In that general discipline and equipment which liberal study alone can supply. Tho more men that wn h.T'e In the community who b.ve come Into contnet with the masters nt thought, ancient and modem, who are familiar with the conrfe of history and appreciative of art and literature, who are fortified with resources of profit and enjoyment outside tho routine nf thetr dolly work, the more po'eit will bo the wv of Intelligent public opinion, tlu mole progressive our civilization and the mile stable our Institutions. The college should be the nursery of knlghttv manhood. Tho college student Is naturally an Idealist and full of demo cratic sympnthv. He Is Instinctively at war with privilege and oppression. He Is happy In the sense of comradeship with kindred spirits, without regard to wealth or social condition, A college snob Is tru'v n desplcnbln creature, a most painful contrast to his traditional democratic environment. Tho sentiment of honor Is Urong In collego life. Here and there It may he obscured by a faulty conventional standard, but In the main the colleye tudent Is chlvalrlc and sets gToat store bv the essentials of manli ness. We could nsk no better training for our youth than liberal study, com bined with the goodly fellowship from which ends nnd prl;s are excluded. It has well been urged that there l need of increaseil stimulus to Intellectual ambition In college life. Without dis paragement or distinction In other fields, nnd without losing sight nf tho value of the contests which emphnslze the Import ance of physical vigor, Its chief prizes In common recognition should go to the victors In the Intellectual arena. Tho goals of scholarship and mental discip line should never have Fcond place. Nor would It seem to be difficult by Ju dicious Incentives to maintain them In their proper prominence. It Is well that he college should tend to make nw genial and companionable; physical stamina and prowess should hnvo Its meed of honor In the youth world; but without sacrifice of either, and rather as n compliment nf both the college should aim to produce scholars and thinkers and combat every tendency to reduce Its Intellectual life to dull medio crity. And that which gives fresh stimu lus and zest to those who are mentally alert and possess superior talent cannot fall In some degree to permento with wholesome Influence the entire student body. Hut the finest fruit of liberal study Is not In mere developed acumen or In In creased Intellectu.-l power; It Is not to be sought In nitre trained ability, or In acquisition, or In a wide range nf knowl edgo, or In zest for the exercise nf talent. It lies In the point nf view. It will be found In the capacity better to estimate the true worth nf things and to form a truer perspective of life. It must be sought In the philosophical detachment which should make one less susceptible to the seductions nf vanity and the temp tations of Ignoble alms. It should find Its perfect work In the dethronement of the false gods of avarice and artlllce. Technlcnl training means preparation for specific work; liberal study means en franchisement. It means thnt the work Is to be done not bv n slave of circum stance, not by a victim of the tyranny of convention, but by a free man, en franchisement by tho teachings of his tory and the wisdom of philosophy, who recognizes no innster but his own best thought, who knows no final exigency but that of his honor, who can afford to wait, and cnrrles within himself richer resources than wealth or place enn be stow. Tho vision of the true worth of llfo Is open to every man. It dignifies with pa tience nnd noble contentment many a humble worker who from a narrow range of experience has constructed a sublime philosophy. fiver and nnon It Hashes upon every thoughtful man when In ap parent failure or amid the dissatisfac tions of so-called success he catches a glimpse of what he might havo done with his own. Hut before the collego man wisdom ha.s early spread Its riches. Poetry nnd art have elevated his sentiment. The lives of tho world's workers have presented to him their lessons, Iiw ambition has displayed Its vanities. Cunning and In trigue have disclosed their final futility. The highest satisfactions hnve been ex hibited In their Independence of circum stances and condition. And nlms and Ideals have become IndNsulnbly connect ed with the obligation of truth ami Jus tice enforced by the example nf the bravo and tho true of all times, Tho collego man Is not only "the heir of nil tho nftos," hut has hnd rare opportunity to become acquainted with his Inheritance, Ho of all men should be nf Independent thought nnd action. What for him Is worth while? Shall he sell hlmrelf for tho delusions of power; can he shut his eyes to the mocker)' of me-ro acquisition; can ho become another man's tool or sycophant? What for him Is any place or title nt the expense of his birthright? Hut the college man too often falls to remnlns true to his vision. Too fre quently ho separates himself by Insensi ble degrees from the path he had chosen until he finds no way to return. Who shall count the loss to society of these lapses? Hut such lapses It Is believed nro ex ceptional. In the gTont majority of In stances the college Is Justified of her children. Tho strong public opinion against the manipulations of sharpers and tho prostitution of ofllco to no small decree owes Its force to college men. In tho councils of the nation, In tho legisla tures of the Btntes, In tho departments of government, In political organiza tion, In every movement for clvlo better ment, In tho varied undertakings of plill- INVESTIGATE We Invite all who have ANY KIND of bank ing business to transact, to call and INVES TIGATE our terms and facilities. I Chittenden County 3 uuuiw mini nnthropy, nnd In every form of progres sive endeavor, the college man Is promi nent, performing servlco worthy of his Ideals. More and moro conspicuous Is his Independence, his support of good causes, the absence of Intellectual arrogance, nnd his desire to piny a useful part In solving the problem of democracy. ' STORY OF A MISSOUBI HOUSE Its Secret Underground I'nssn(ce Wnnhliiirton Irving n Vlstor. (From tho Knnsms City Star.) A few miles south of the Missouri river at the point whero It begins tho great curve nround Saline county and not far from tiro little villages of Malta Hend nnd Grand Pass stands a remark able old house. It Is weatherbe.ttcn and low, with dormer windows pushing out of Its gently sloping roofs. It stands on the "Petltcssauts" plains (named by early French settlers,) a region through which passed tho first explorers and traders bound for the Par West. In IS.". Wllllnm II. Lewis, n Virginia planter, with his family and a number of negro slaves emigrated to Saline county, A year or two later he erected tho house, constructing It of hewn logs from tho nearby woods. At first It was merely a large log structure with four rooms, but later, when machine sawed lumber was to be obtained, It was "weather boarded" and other room wore addrd. In those days It was tho "quality" house In Its part of the country, and many were the neighbors nnd strangers who enjoyed the hospitality of Its kind owner nnd his family. During the Civil Wnr the occupant of tho house for some reason did not Into part in the great struggle. Consequently he wn.s much harassed by "bushwhack ers" and by straggling bands from either side. In order to Insure his safety he dus n passage from the cellar under the house to an old hollow tree some thirty feet away. When sought for by enemies he betook himself to this clever hiding place. The entrance, to the ias ago was so constructed that when closed by a rock It was not easily discovered. From the house accos to the cellar was obtained by a flight of steps leading down from a hall closet. A few years ago some traces of the passage and tho dilapidated remains of the steps might rtlll be seen, but later owners of the place, with no taeto for the romantic, have filled up the cellar nnd obliterated nearly all signs of tho refuge. To the students of literature and lov ers of the great '.he old house possesses another Intej-st. The pioneer of Ameri can literature, Washington Irving, when on his tour West, In 1S.12 stayed over night within Its walls. If tho house could talk It could no doubt give us nn Interesting description of the gentleman ly author and of the French count and Governor Ellsworth of Connecticut and others of the bnnd which accompanied them, i ADVERTISED LETTER. tlst of unclnlmed letters remaining In the Hurllnglon pnstofiico for tile week ending .Tune "2, ISM: MKN'3 MST. Charles F. Allen. II. H. Allen. Txuils Ather (3), I.. If. Hear., A. J. Iieattle, Fletcher Place, C. N. Carroll. Frank A. C'habot, Stephen Conner, F. A. Cragg, Michael Crnfshe, John W. Faulknham, Hernard Gilbert, Dr. W. W. Harvey, p. Jacobs, Guy H. Johnson, Ia Onsetarks, Edward Lapolnte, George T, Jl.irray (3), Herbert Otis, No. 2Ki Pearl street, Antal Uoebllz, Harney Hlsslon, Joseph St. Cyr. WOMEN'S LIST. Mrs. K. Hlalr. Mrs. V.. A. Drown. Miss Irene Hullock, Miss May Campbell, Mrs. Ktta M, Cave, Mrs. .1. J. Coosan, Mrs. II. M. Cutler. Mfss Marguerite mtdly, .Miss Kvn S. Falrby (21), Mrs. Davbl Ilagans, Mrs. Malcolm Mlddlebrook, Mrs. 1j. 'Pasha, Mrs. James M, Hedfleld, Mrs. Ixiulse S. Taylor, Ms. Sarah Ward, Mrs. Ellen White. WINOOSICl STATION. Miss Jonas Hruno, F. J, Lewis, Jncob Sivenor. COXCIlKTi: IS CIrASSIC DAYS. (From the Cement Afre.) In describing tho extent to which con-1 crete wns emploved In tho construction of many of their moro Imiortant structures by the Romans, n writer stntes thnt In -ill of the work ho had examined the marks of tho wood forms are at all times dis cernible, and especially Is this so In the corridor of the house of Augustus, on the Palantlno, hero the (rratn of the wood can be clearly seen. These walls nro some twenty-four feet above the ground level, and though the construction of the form. seems to have been carelessly done, the result Is none the less Interesting, Here Is a splendid opportunity to see concrete and to leisurely Inspect It from every point of VHiitngn. Above these concrete foundations rose tho palace of Augustus, formed of those stupendous wnlls nnd vaults of brick which here', ns elewhere In Home, thrust their arches through the air with such poise nnd precision thnt they are to this day the ndmlratlon of every beholder and gave to the Humans their position among the master builders of the world. The structure of brick nbove these concrete wnlls hns succumbed to the ravages of time and to tho hand of tho destroyer, but the concrete remnlns with out a crack or a fracture that could bo dltcovered by c.treful and frequent exam ination. Its adhesion Is perfect, and there hns not been the slightest disintegration of even the outside surface Is attested by the fact that the grain of tho wood from the old froms may it'.ll be seen In tho concrete, though Its Imprint wns mnde over two thousand years ago. Homo recent excavations at (ho Arrh of Titus have disclosed tho fact that this structuro rests entirely upon a monolithic base of concrete, approximately forty-five feet long, twenty feet wide uud twelve feet deep. This foundation wan poured Into wooden frames exactly ns wo would do It now, nnd when tho concrete has set these wooden frames were remove-d. Directly In front of tho ruins of the Temple of Julius In a largo concrete base In which also the vertlcle marks of the wooden forms can bo plainly seen. Tlio excavations here do not permit a view of this entlro structure, but enough appears to glvo a fair Idea of Its stato of perser vatlon, which Is perfect. There Is not a crack or fracturo In It, nnd though loca ted In a marshy part of tho Forum, it shows no effect from thn molsturo to which It has been subject for so many centuries. Trust Company uui uiigiuui n fh SRI.RCTINO A COI,I,Ef!n. (From tho OirdcnsburB Journal.) A statement recently attributed to John O. Howman, secretary of tho Car negie foundation, In which ho criticizes tho educational standards of Columbia, Harvard nnd New York universities, has stirred up n hornet's nest In university circles. Tho Carnegie foundation. It will be remembered, Is a fund established by Andrew Carnegie for tho pensioning of collego professors who havo reached a certain ago or havo completed a rpecl flod torm of years of service. Tho fund Is made available to certain named Instl tutlons, a stipulation being that pre scribed standards must bo npttntnlncd. That Harvard, Columbia nnd New York universities nro too lax and that unless a change for the better Is made at once they will be deprived of the benellts of tho foundation, Is the gist of tho rtatc tnrnt aliened to have ben made by tho secretary. Denials, not only of Inxlly but of nny correspondence with the Mi cer.s of tho trust, hnve been mndo by tin authorities of all three Institution!!. Tho whole story has been branded a fake. Nevertheless, It serves to call attention to evils which nxlst In some of our best know higher Institutions of learning. This Is commencement lime In prnc tlcally all thu high schools nnd acad emies In tho country. If the decision has not been made already, the tusk of rclectlng a collego for tho boy must soon be taken up. And right there Is where, In nine cases out of ten, too little care Is taken. In Inspecting the catalog ues, too often It Is the picture of the handsome and comfortable dormitory which nttracts the mother, and the line "Hall of Science" or "Hall of Languag es" which catches the father'n eye, or the athletic field, filled with a cheering mob, which leads the boy to decide that this Is the place for him. The pages to turn In the catalogue me thoso contain ing, first, tho entrance requirements. If they are a "cinch," tho chances are that the whole ootiiro will be similar, Give a boy a "cinch" In college and Ihnt's what he will be looking for when he gets out. We know what the fellow amounts to who is always looking for "cinches." Then examine the curriculum. Taboo the college that makes the completion of a specified number of hours of work tho only or chief requirement for gradu ation. We once knew a fellow who was graduated from one of our largest nnd most famous universities with the degree of Hnchelor of Arts. lie knew little Latin and not a word of Greek. He had ppovlouslv left a smaller and far better college because he wa in abject terror of a course In phvslcs. Wbl'e In the big Institution he chose to fill three hours a week out of the necc sary eighteen with a course In music." The course consisted of listening to good music for nn hmin three times a, week, an occa sional lecture belnr thrown In, nnd sub mitting a' note book nt end of tho semesterl , Pick out a place with few elective "idles. Much ns yom boy may think he knows, he Is not tit to choose the majority of his own subjects. Compul sion courses, with a few Junior nnd senior elettlves, are the only thorough ones. Therein Ilea the principal secret of the advantage which the small college has over the large one, particularly In liberal art courses. And don't forget to look up the re eiulrements for securing free scholar si Ips. The Institution which lets down the entrance examination barn to any body deserves to be looked upon not only with skepticism but with contempt. lucre is always someunng wrong wiin such a place. There Van usually be found that there Is one etnndard for the desirable athlete and another for your boy whose course Is being paid for. The college question should he n vex ing one, but too seldom Is It so. ol'r in;PEMJE-cn OX VEGETABLES. The distinction generally drawn be tween animal and vegetable food Is apt to blind us. to the fact that plants are, at bottom, tho source of all nutriment, and that If they were to cease to grow mankind would starve. Hays a writer In tho I.t-'ieet: "The modes n chemist points proudly to his synthetic triumphs, hut with all his skill nnd knowledge he hns not yet succeeded In preparing In piac tlcnl quantified for Ills fellow-men a foodstuff from Its elements. Tlio syn thetic processes of the plant are so far Inimitable, and tho plant Is after all both tho direct and Indirect fond of the animal. The relations between plants nnd nnlmals form a beautiful dispen sation, and for tho vegetable kingdom man should not hold a deep reverance nnd do his best to extend nnd promote Its faithful offices. Whether his views are In favor of the exclusive diet of vegetable or of a diet containing both nn InirTi and vegetable products ho owes tho vegetable world moro than one debt. lie Is at the mercy of the vegetable for his food, whether It be nnlmal or veg etable, nnd he may be nt the mercy of the vegetable for a trupply of oxygen, without which the vital processes of his organism could not be sustained. It Is thus conceivable that as tho animal kingdom exists only by virtue of a con tinual combustion process, In which air Is taken up while carbon dloxld Is liber ated, the loss of an agency which net only removes this product of resplrntlon, but sends back oxygen In Its plnro would be dlsnslrons, This agency Is of course tho plnnt, and, In short, tho animal nnd the plant nrn Interdependent on each other. On this line of reasoning an imal llfo would be extinguished If veg etable life ceased, nnd vegetable life would fall If animal products were not available for Its siistennnce. This la an Interesting cycle of events, but the per formance of a cycle Implies a force nnd the motive power of these alternate and great synthetical and analytical process es In light. It may happen, therefore, that a horrible struggle ror existence be tween plnnt.s and animals might ensuo If for nny considerable period tho sun was shut out from tho world, for then this ngrecnble Interchange of mutually advantageous exhalation would cease, and with It all life, Were those who worshiped the sun Ignorant of theso things? or did they realign that It wns tho sourc of both food and air? HANKHITPTCY VRTITIONS. Rutland, June 22. Jnmes II, Hastmnn of Ornncc, a merchant, hns filed a pctl Hon In bankruptcy. He has liabilities of I4.214.G9 and assets of $4,910.2.1, of which 1155 Is exempt. Hlchnrn lOarle Wright, n West Hutlnnd merchant, hns also filed a petition with debts of lfiS.TS and assets of 1160, of which $125 Is exempt. CONFERENCE Pres. Taft Talk3 of Proposed Cor poration Tax with Repub lican Leaders. DETAILS ARE ARRANGED An Amendment to lie Mode Defining Losses That .May lie Deducted from Net Knrnlnirs -A I'ennlty for Irnndiilrnt Itrturn tn He (11,000 to $10,000. Washington, June 22. Details of the pro posed measure for the taxation of net earnings of corporations were arraigned to-night nt the most Important confer ence thnt has been held at the White House since Mr. Tnft assumed the presi dency. There were present as the Pre-ldent's F.uests at dinner Attorney-Oene-rnl Wlck rrliam and Senator Hoot, who are charged with thn task of drafting the measure; Secretary of State Knox, Sena tors Aldrlch, Hurrows, Penrose, Ilnle, Cullom, Flint, Kmoot; McCnmhor and Iodge, constituting tho republican mem bership of the Sennto finance committee; Speaker Cannon. Representative Payne, chairman of the House committee on ways and means, and Representative John D. Wright of New York, the repub lican whip of tho House. The rtatesmen sat down to dinner In tho state dining room at eight o'clock. No business was discussed at the dinner but for two hours afterward tho corpora tion tax measure, which had been pre pared In the form of nn amendment to the tariff bill, was viewed from every angle. Many changes from the form In which It was presented were suggested and not a few of these were declared to be wise. The result was that the carefully prepared copies which was given to erch member of the party by Attorney General Wlcltersham were returned to him nt tlie end of the conf;rm'e. President Tnft himself suggested that tho copies should not be taken by the members of the pnrty until the riuendment hnd been perfected. All agreed not to make the form of the amendment public until It Is rendy tn bo Introduced In the Senate ns a finance committee amendment to the tnrlrf bill. The terms of the measure as finally atrreed upon, although not yet whip ped Into form, provide that all cor porations having capltnl stock and or ganised for profit shall pay a tax per cent upon their net earnings. Corpor ations comln.T within thnt designation , f will bo compelled to make returns to specially ncnied agents of the burenu of Internal revenue of thn treasury department, giving the amount of their gross receipts, capital stock, bonded Indebtedness nnd all other vis ible debts. Separated from these re turns the corporations will bo com pelled to report the amount of their net receipts, after deducting their general and ordinary running ex penses, interest on bonds up tn the amount of capital stock of the corpor ation, the Interest on notes nnd other forms of tnnglble Indebtedness, nnd any actual los that may hnve been Incurred In business, which loss wns not made up by salvage or other form of return. The amendment will define In the broadest possible way the character of j0?sc3 which may be deducted rrcm the net enrnlngs upon which the tax Is to be collected. Those losses will Include bad accounts nf a mercantile corpora tion, losses upon securities nein ny nnnKs, uncollectible notes and all other forms of bad debts which are usually chanced to profit and less accounts. A J.1.000 KXI3.MPTION. As has been stntcd before the two per ce.nt. tax will apply to all corporations organized for profit by exchange but every corporation will be allowed a $.".0oe exemption which means thnt the tax will not be collected except upon earnings in excess of ?ri.f Anv corporation which makes a false report to an agent of Internal revenue who has designated to collect Information regarding earnings or has mado n fradulent return upon nny of the sub jects envoi ed by the law will bo sub jected to a penalty. The amount of this penalty Is the only feature of the bill which wns not decided to-night. Mt of the participants tn the conference ex pressed the opinion that this penalty rhould range from fl.oeo to JlO.ono, the amount to be fixed by n United States court upon presentation nf all of tho facts connected with such fradulent terms. The tax will be collected upon the en tire amount of preferred and common stock of every corporation and upon the bonds of a corporation where they ex ceed the tntnl amount of capital. NO LIMIT OX THE MFK OF THR H1I,I. It Is Intended thnt tho tlx bill shall become operative Immediately upon the passage of the law. Th'. llfo of tho measure wns made Indeterminate, In stead of two years or some other tlxe.1 limitation such nn had been suggested originally. Thn present year's tax will be collectable July 1. 1910, the bCTtmilnir of the next fiscal year. Some fear was expressed that agents of the Internal revenue bureau might use Information obtnlned In some way so ns to Injuro the business of a cor poration. This danger wns discussed to night nnd.it was decided that only es pecially desltninted agents of the bu reau should ho permitted to Interrogate corporations concerning their business. The corporations make their returns di rectly to the bureau of Internal revenuo In Washington. INBUHANCi: COMPANIES IN'CMJDHD It was decided at tho conferenco to night that all Incorporated Insurance companies organized for piollt shall be brought within the term of tho proposed corporation tax law. This will not ex empt so-called mutual Insurance com panies which admittedly or which can be proved to have been organized as prnllt taking Institutions, Neither will It exempt fraternal Insurance concerns which como within that Interpretation of the law. Kstlmntes Riven to-night placo the amount that would bo raised by the proposed two per cent, tax on net earn ings of corporations, ufter taking Into consideration all of tho exemptions Mat ed, nt from $M,oan,OOf to $30,000,000. Ilennor xne pruutu uui iiwi.atr undertook to forecast to-nlsht tho loncth BURLINGTON SAVINGS BANK INCORPORATED 1147 Has always paid the highest rate oi Interest allowed by Raw, which at the present time is 4 PER CENT per annum. Its assets on Jan. 1, 1909, were $12,308,908.91. The number ol depositors was 26,604. All taxes in the State are paid by the bank on deposits ol $2,000 w less. Deposits can be made or withdrawn by mall Money loaned on legal security at lowest rates. Of FICBItf I CUAItliBS P. BMITU, Presides!. IlKNnv GIUCENE, Vlce-Prealdeat. P. W. WARD, Treasurer. E. . ISIIAIt, Assistant Treasurer. H CAPITAL $ 50.CCO.00 SURPLUS ..... 25O,C0O.0t "Burlington Trust Co. City kail square, north t a . i 4 We Solicit Your Account INCORPORATED 1882 Winooski Savings Bank Continues paying FOUR PER CENT, interest as it has for tht past two years. $2,000.00 or less, free of Vermont taxes, can be deposited in this bank. Deposits or withdrawal can be made by mail. Vermont Mortprape Loans Solicited nt lowest rates. ! Further information gladly furnished upon inquiry. 1 OHMAND COI.E, President, n. E. OHAY, Trrnmrrr. SAFE DEPOSIT BOXES FOR VALUABLE PAPERS, f3.00 iER YEAR. The Bank has no advantage over this bank for ourselves to bo outdone ii the courtesy shown to nil. Please remember I this whon you hnve surplus money not HOME SAVINGS BANK l C. S. IfUIAM. President of time which will be required to pass this measure through Congress, They stated that they did not undertake to supply President Taft with that In formation. The presence of the republican Houso lenders paves the way for the passage of the measure through that body and gives to them a full understanding of tho reasons for the drafting of the measure In the form ndvocated by President Taft and Messrs. Wlekersham and Root, When the two latter gentlemen meet to-morrow to make verbal changes In the mensurc they will have with the Secretary Knox, who hns also given the subject closo ftudy. They do not expect to have the amendment ready for presentation to the Senate beforo Friday or Saturday. AMERICA V CAVIAHE. (From the Pittsburg Post,) Persons with epicurean tastes will bo Interested to know thnt the production of real "Russian" caviare Is likely to be resumed nt Philadelphia and other points nlon tho Delaware river. It may come as n shock to some of them to learn that the caviare sandwiches for which they have paid swollen prices In Am erican restaurants originated as to thetr central Ingredients In streams nnd lakes In this country, where sturgeon do most abound. The fnct Is not unknown, how over. Nor could It be. when It Is recall ed that the Industry has been rather ex. tensive In this country. In several of the western States a business Is mndo of catching the sturgeon, extracting tho roo and shipping It to Russia, whero It is treated and Imported to the United States ready for the table. For many years this Industry thrived nt Sandusky, Ohio, the I,nke Krle sturgeon havlm? been supplied In thousands for the pur pose. I,'p to lfM the Delnware river fur nished large quantities of sturgeon roo for exportation, Hut the flrhermen vir tually exterminated this species of fish In their greed, and a Delnwnre river sturgeon eight or ten feet In length Is now said to be worth from $100 to r"0. However, a means has been found to restock that river, nnd the Industry will probably be revived. The question nrises why the Amerlcnn people should be Im posed on by ft so-called Imported article of diet nt double cost. American skill and enterprise ought to be equal to pur vevlnir caviare which will surpass thnt which conies from Hussla. Doubtless this would be accepted as fact were It not for the person nf Jaded appetite who labors under the curious nnd perverted notion that his special dishes must be prepared by foreign masters of the art cullnnry. TEA TABLE ETIQUETTE. (From the Iondon Chronicle.) Ten table etiquette was somewhat complicated In the days of that "hard ened and shameless tea drinker" Or. Johnson, when many people thousrht nothing of drinking ten or twelvo cups nt a sitting. It wns considered proper for the cups nnd saucers of a party of tea drinkers to be all passed up to the hostess In one bntch when replenishment was considered neces sary, nnd In order that each person might bo sure of getthifr back tho right cup tho teaspoons were number ed. When tho cups were pnssed up those who did not require any more were supposed to plnce the spoon In tho cup. This writer remembers a vory ancient dame teaching- a small boy to plnco Ills spoon In his cup nfter the first cup hnd been emptied. Ho won dered for tho reason. Now ho knows thnt tea was once very expensive and little boys were not expected to ask HRnln. THUS "MlESi C P. Smith, WMliir4 Crane, Henry Greene, J. IL. Barstotr. Henry Walla. V. W. XVnrt, A Q. Waltter, P. W, Perrr, E. '.ham. 4 4 EMOHY C. StOWEn, Vlee-Preaiaeat. GRMAJf P. RAY, Viee-PreaUent. of England the depositors, and we -will not allow needed for Immediate use. N. K. BROWN, Treasurer. Hohtard National 3ank "Burlington, Vt. Cjpitil . .$300,000 Surplus ui frfiti 150,000; J. a. UVTKS, rrcaldeat. " B. rcnoEH, vreawrreaiaaati M. T. IttTTTEn. fnanlaai. ft. WEED, Aastatan Caafcla YOU CAN LIVE CHEAPLY IN nriioi'E. The cost of llvlnc In a European cltj for a year or more Is tertalnly far less than In America. For a fnmlly with child ren to be educated, for students who wlsh to live reasonably, or for t-wo or threa women together, a year's residence In th overage foreign city will prove a real saving, snys Ruth Cranston In the Designer for July. 1 say "average," because thera Is undoubtedly a great difference In prl ces In different cities, Vienna and Berlin being much more expensive than Dresden or Florence, for Instance. One must, ol course, consider tho demands of both) tnstes and purse, and decide on a loc tlon accordingly. For n family, even a small one, a fur nlshed nppartment Is by far the mos ratlsfactory arrangement. These can bt had In every city, for a period of not les than six months, at an average rental of ten dollars per room, furnished, and there are often very desirable cheaper ones. As a rule, unless one Is fortunate enough to live on the first floor, thera are mnny stalm to climb, for lifts' are at yet few nnd far between, except, In hotel. However, with the exception of stair climbing, the other floors are really more desirable, for It Is Inconceivably damj nil over the continent all winter Having disposed of the rent problem, let us turn to the nil-Important question of servants. There Is no servant prob lem In Eurpoe, nnd the harassed house keeper will find It a Krent relief to en Joy competent service nt Mie small cos of five dollars a month! Some people pny less, but I find that flvo dollars Is tin nvernge rate, and perfectly satisfactory to servants of nil countries. The cook always does tho marketing, but her com. mission Is very slight, nnd Is worth over looking, for n foreigner can not possibly tinrgaln to ns good advantage, nor havt as wide a knowledge of the people ha deals with, ns his domestic. Unless tha family Is very large, one servant Is suffN dent, nnd may be obtnlned by consulting tho lists left nt the consul's office. , HIS IDEA. Her You'ro too clever to remain a bachelor. Him Tout premises are at odds with your conclusion Her-Huh? Him Why, my dear girl, that's rlio rea son! Cleveland Lender. ' I