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OUR PUBLIC FORUM
la Peter Radford
On Too Many Lawyers.
When the sheriff cries out "Oh! yes, Oh! yea, th®
court iu now in session," the farmer should tighten the
belt around his belly for it is he who pays the cost.
When the lawyer says "May it please the court," the
farmer has to shorten the shirts of his children for they
must foot the biJl and when the legislature announces
"lie it enacted," unborn babes may well kick against
their prison walls for they may live to pay the penalty.
We have too many laws, too many lawyers and too much
government. No man dares to run a business without
lawyers to the right of him and lawyers to the left of him.
Expensive litigation and excessive legislation are clogging
of progress. To meet this situation the railroads are ofttimes
compelled to tnke off a train and put on a lawyer the manufacturer is oft
times compelled to close down a furnace and put on a lawyer the farmer Is
ofttimes compelled to sell a steer to pay the lawyers, for the man who digs
in the grc'ind usually pays the freight and every article which he buys
carries on the price tag court costs and lawyers' fees.
There are in the United States 115,000 lawyers and about twenty thousand
?eourts of various jurisdiction which cost the people of this nation approxi
mately J1.500,000,000 per annum. It costs more to run the legal affairs in this
'nation than it does to clothe all the people. It costs more to settle legal dis
putes than it does to run our educational and religious institutions and care
lior the health o? a!! the pc-opie combined. Less than three per cent of our
ipopulation are able to employ lawyers to interpret the mass of legal lore
i that burdens our statute books. The remaining ninety-seven per cent hare
to take the raw stuff right out of the mill.
e are a government by lawyers and for lawyers. It is they who are
responsible for the legislative cure-alls, espionage, unrest and business dis
turbance that infest our statute books, for at the source of most every law
fis a lawyer. They have in no case lowered the price of the commodity or
•'benefited the people but they have burdened industry and restrained cotn
'merce and have built up their profession until it dominates government, tyr»
iannf7.es business and terrorizes progress.
There is no more valuable citizen in our land than a patriotic, able,
conscientious lawyer, seeking to direct the ship of state through the tor
tuous channels of 20th century civilization piloting a business through the
legislative billows that dash with maddened fury across its pathway and
whose genius can calm the fear and command the confidence of the people
in the integrity of Republican institutions, but there is no greater peril to
society than a political lawyer who seeks to prostitute government, stain
business with suspicion and arouse distrust in the minds of the people.
Unfortunately the latter class are a strong factor in the profession, ofttimes
in high places, and unless the better class unite in driving the quacks from
their midst an outraged public opinion will administer a rebuke that will
humble the pride, crush the hope and smash the power of the profession and
reduce its possibilities to ashee.
OUR PUBLIC FORUM
Otto Kahn
'!v ©n Financial Farm
Loans
Every citizen who desires to become capable hi
business should study banking, ana every farmer who
wants to see the business of agriculture properly financed
should study diligently the financial systems of other indua
tries. All other lines of industry have developed financial
facilities adapted to their needs. We have all sorts
financial syndicates authorized by law or custom to deal
in a certain line of securities, but in none of these finan
cial channels will farm securities travel without a bonus
In the way of an excessive rate of interest or heavy dis»
counts.
The most powerful financial institutions in Americft.
are private banks and they are the most important ts
the financial life of industry. In no line of business doe*
holiest/, efficiency and stability make more imperative demands than upon
private tinkers, whose greatest asset is the confidence of the buying pubH®.
In his business judgment and integrity. Mr. Otto Kahn of Kuhn, Loeb & Cor*
pany, when a*:ked to state the relation of the private banker to the business
Of the nation, said in part:
"One of the most important functions of the private banker is to be tha
Instrument for providing the money needed for the efficient conduct and
development of railroads and other industries. He does this by buying
securities in bulk from those needing capital, for which purpose he usually
associates himself with a large number of other financial houses, great and
small, thus forming what is called a syndicate. Having in this way concluded
the buying transaction he offers to the public the securities purchased by
means of advertising, cijctiiaiizing and through the facilities of the retail
houses included in the syndicate, many of whom employ traveling sjaiesineii.
Of course the banker and the syndicate count on a reasonable profit for their
services on the other haiid they run t.'ao risk of the securities, which thef
have definitely bought and paid for at a fixed price, remaining on their hands
wholly, or in part, if the public, for one reason or another, should be unwiK
ling to buy them. The selling of securities is a highly specialized trade,'
requiring much experience, organization, machinery and scrutiny This if
one of the reasons why corporations do better in offering securities to the
public through bankers than if they offered them direct. The willingness
of the public to buy depends upon their confidence in the integrity and tli«
judgment of the banker wlio makes the offer, and a banker who attempts t«
mislead the public, or who is deficient in care or judgment, would very soon
find himself without customers and, therefore, out of business. In many
European countries, the functions of the private b: nker include the placing'
of bonds secured by farm mortgages. Bonds of this nature are issued ill
large quantities by mortgage banks who buy mortgages on farms and othep
real estate and deposit them as tfwurily for their own bonds, which In thelptj
turn are sold to bankers It is to be hoped that similar institutions wi|]„:
In eorrse of time, be created in America, thus placing the farming industry
on a par with other important industries in facilities to obtain capital."
OUR PUBLIC FORUM
F. C. Howe
On Th® Advantages of Free Ports
C. Howe, Federal Commissioner of ImmigraC
Hon, who Is one of t-je best American authorities
marine commerce, in discussing the relation of free porta
to the development of sea trade said in part:
"Ships will go hundreds of miles out of their way t«£
avoid ports surrounded by a tariff wall. The only way,
therefore, tor a country with a tariff to compete in thet
shipping world with a free-trade country is to establish^
free ports at strategical points along its coast line. Ger
many has done so, and in a comparatively short period^
has built up a earning trade which before the war was
seriously threatening England's supremacy. Hamburg,
titrea German free ports, now ranks as the second greatest seaport
total foreign commerce in 1913 being only 16,000,000 under*
rwk.
i port would offer great opportunity for financial operations, now
by the recent currency act. It would stimulate International
would tend to shift the financial center of the world to this
by the logic of events, has become the natural center
-JU fost ff London became that center sevefal centuries
ITOB fifties of the Netherlands. But the financial
to t|As'iRMntry when it becomes a clearing hOHM of
credit the world over is created br Cfjrrsatljr
"E BO
that our financial expansion ls dspsnd
can ports to the cleaiance of the Wealth o£
to yield a return on tbs
^jaf .{ha eottntry." in recapitulating th* adrsaK
of the free port in OUT
America, Asia and Africa, and tnen eon-
Is the direct gala to America It will cheapen
ties of goodf. tp pur doors for imports
'$ the *ra«m, etmportr
rfwiod without payitfiit of
1or
tnternatlorntl credit^?
ultimately a predominant share lit
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MKCHFTNICAL
eiMGINEERINQ
1. HBLUBIUTY OF TEST.
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13. Date of test
(0'' 4. Weight of car with driveif
V s. Wind resisting area
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DEPARTMENT
SHcrricto SocNTiric
SCHOOL.
VALC UNIVERSITY
fhs BieTsr ltotor Car Company,
1079 Chapel Street
Haven, Conn
I should like to aM the following coznmentat
one of forty automobiles tested in our laboratory to date.
.4 M' "./ n
iahf aiiiiA'ir'ifcMi
Resnlt cf the great Yale University Sheffield Scientific School Test, -'f
Of ihe forty automobiles tested at the Sheffield Scientific School
laboratory the Maxwell stands firs*: in cconomy of Gasoline consumption. v
A preliminary iest was raado on April 19th, using a new car Khloh was rather
•tiff. The showing was so ^sod that w« daoidisd to nalre a seoond test. This waa
OH April 30th, using same car® Chi this tea'c, the c,-ir shewed lesa etlffnesa and the
performance was better than on the first oar. The ueoond test was supervised by
BOst careful experts, and the reaulta, I balieve to be perfectly reliable.
t* MILEAGE.
The efficiency of the Maxwell automobile as indicated I7 the mmbar of mllMf
on a level road, is exceptionally This mileage record
3« MOTOR PERFORMANCE.
The efficiency of the motor and carburetor as indicated by the pounds of 01•»
oline used per hour per horse-power at rear tires, i-e exceedingly good* and indioatefli«
••ry perfect carburetor action over the whole range of speed and load* This record
like that on mileage per gallou, is the best one that we have had.
Fower and Fuel tost mad*m Kiffti gear of Maxwell «f»ck To«¥ftt«r Cat' «dI tompankw
lively level roads by Professors E. H. Lockwood and T. Q. Boyer, Sheffield Scientific
Jichool, Yale University.
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1. Name of car
24 2. Owner of car
c_ 6. Rolling resistance, declutched, high 3i lbs.
«. 1. Rear ratio, direct, measured
,, ,-s 8. Tires, size, front and rear
1
Tires, make, U. S. Non-skid
10. Wheel base
w y i n e s
%2. Carburetpr
$3. Ignition I®5:"
Starter
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15. Gasoline spec. grav.
DRAWBAR PULL
Pounds
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Oantlemem
1 an enclosing report of teat of your Mfinrell sutomoblla recently made in V,
Our laboratory.
truly youra.
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MAXWELL, 1915 Model "25'
Bicver Motor Car Co^ New
April 30th, 1915
2,000 lbs.
20 sq. ft.
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Battery and
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'j.72
1
HORSEPOWER
«At Rear
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HTV- CONNECTICUT'
ttay Xat 1915*.
JPSISTAlfP PROFESSOR MECHAHICA EKOIKEEBJliB*
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The table furnished by the Yale Sheffield Scientific School
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Four, 3 5*8 4 $*.,
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