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to our allies, against their deposit with than the highest total of any year before our government of similar obligations of the war; the second of these figures
representing an actual increase of 155 But, even so, the final statement in the per cent. Senate showed that actual appropria Until we ourselves went to war last tions for our own war preparations were April, these exports were partly paid $11,879,177,000, and that $7,000,000,000 for in cash, through shipment by Europe more was to be raised through loans for to us of $494,000,000 gold in one fiscal advances to the Allies, including the year and $977,000,000 in the next. But $3,000,000,000 or thereabouts already in the main, payment was even then put at their disposal. It is these prodig- deferred, through sale of some $2,000,ious loans, no less than the heavy taxes 000,000 short-term obligations of the necessary for our own war purposes, foreign purchasers directly to American which are now a factor in our own investors; by which arrangement the economic situation and in the move- bulk of the cash settlement for the merment of the Stock Exchange.
chandise sent to Europe was postponed to dates ranging from 1918 to 1921.
When we joined the war our governeconomic situation, in its broad ment took out of the hands of private aspects? The United States is in the banking-houses the task of raising the position of an immensely wealthy pro- money. Obligations of the belligerent ducer, who is doing the largest business European governments were placed with
in his whole career and is us as in 1915 and 1916, but the credit Prosperity doing that business with the of the United States Government was and Extended
very best of his foreign cus now invoked to facilitate the borrowing Credit
tomers, but who is getting from American investors, and our govern
in payment for his sales the ment held the securities issued by the long-term notes of his clients, not cash. foreign powers against such borrowings. If precisely this condition of things were in their commercial effect, the loans beto arise in the case of a private mer came “double name paper.” chant or producer, he might count himself as prosperous in
S would have been the case with measurebut he would be compelled to a private merchant, so with the use his credit facilities as he never had government, the rate of interest on these used them before. After discounting deferred obligations rose as their magniin the market, on their own intrinsic tude increased. The first Anglo-French merits, the obligations of his customers, loan of 1915, for $500,000,000 he would presently have to indorse unsecured by collateral, was
Rising Insuch obligations with his own name. placed
terest Rate The rate of interest would gradually rise amounted to nearly 6 per against him as this process continued, cent annual interest. The British and it would also, and naturally, become Government's $250,000,000 loan of last proportionately more costly for him to February in our open market, although raise money for the conducting and ex- fully secured by pledge of American and tending of his own business.
other stocks and bonds, had to pay as This, with no great stretch of analogy, much. In 1916 the French Governis precisely what has been the course of ment offered 658 per cent to American events with the United States. The investors. When our own government country has never in its history done began raising money on its own bonds such a business with the outside world for the same purpose it paid 372 per as it did in 1916 and is doing to-day. cent on its first $2,000,000,000 borrowDuring the twelve months ending with ing. Four months later it increased the last June-the fiscal year of the Depart- rate to 4 per cent. Part of the proceeds ment of Commerce--we sold to foreign were to be used for our government's own countries $1,960,000,000 more goods than purposes; but the rate of interest paid had the year before, and $3,830,000,000 more to be the same, and all these successive
(Continued on page 70, following)
By L. E. SMITH
NLY those who suffer the affliction of City-the result of several years' research ani deafness can know the tragedy of it. experimentation by a foreign inventor. It is Because theirs is a loss that is not ap impossible to explain in this space the operation
parent to others, they do not always of this new “Intensitone” model with its re. receive the consideration that is willingly given markable adjustment to 96 different shades of to others whose deformity is visible to all. sound, for every kind and degree of deafness.
All too often the affliction of deafness is re A complete description and explanation, how garded with impatience and irritation. People ever, can be obtained by any one interested, dislike to have to repeat their remarks—they without any expense or obligation. A valuable tire of speaking in a loud tone—they lose pa booklet has been prepared by the Mears Ear tience. And so the sufferer from deafness, rather Phone Company, which tells all about the causes than ask continually: “What's that?” or “What of deafness and its treatment and explains the did you say?" gradually accepts the inevitable “Intensitone" in detail. and sinks into a life of loneliness.
Whether you are just a little hard of hearing He finds himself shut off from the world about or almost totally deaf-if you have a "ringing" him. A wall of silence stands between him, his noise in the ears, a sense of fullness in the headfriends, and even his own family. They become if you suffer from catarrhal colds—if you find as strangers to him. He feels that fate has sen that you are not able to hear even slight sounds tenced him to a living death, and he thinks of clearly and distinctly, it will pay you to get this the long stretch of dreary years before him, know booklet at once, as the tendency of deafness is ing that his hearing will continue to grow worse to get worse all the time unless it is taken in hand. as the years go by. Others can enjoy the theater, the opera, con
What Causes Deafness ? certs. Life is full and rich and bright for them. They can hear. They have a priceless treasure
The most common cause of deafness is catarrh -how great it is only a person without it can tell.
of the middle ear. A congested condition is deNot only does deafness deprive one of count veloped which interferes with the normal action less pleasures and enjoyments in life—it is also of the various parts of the ear structure. The a constant source of danger. The deaf person is partial deafness and sense of fullness experiunsafe on the streets, for failing to hear the enced by persons with cold in the head is due to sounds of traffic, he may be run down by an ap
the same cause. This condition, however slight, proaching vehicle-perhaps maimed or killed. should not be neglected, as the ear drum itself Hardest of all is the lot of the deaf person who
thickens and withers from disuse, and the result is without independent means of livelihood. He
is complete deafness. finds that his affliction is a handicap in business On the other hand, people who are almost -an almost unsurmountable obstacle to obtain- totally deaf, often give up all hope of ever hearing employment. Unable to work, through no
ing again. But, unknown to them, there may fault of his own, he is compelled to place himself still be some vitality in the aural cavity and the upon the charity of the members of his family. auditory nerve, which may again be brought into
use by the new "Intensitone" ear phone. A New Kind of Ear Phone
If you should decide that you would like to
see and try the “Intensitone" Ear Phone, with No wonder that men and women who know its new 96 sound adjustment, you can do so the tragedy of deafness seek relief in the numer without paying a penny in advance. So sure are ous devices that are offered to them. But prac the makers that it will enable you to hear pertically every deaf person knows that the old fectly that they are willing to send it to you for style ear phone affords at best only a small ten days' free trial without deposit. measure of improvement in hearing. What has But first get the free booklet, “Deafness-Its been needed is the discovery of an entirely new Causes and Treatment.” Write for it today-a principle in the construction of the ear phone. postcard will do. Address the Mears Ear Phone
Such a discovery has just been announced by Co., Dept. 2312, 45 West 34th St., New York the Mears Ear Phone Company of New York City.
Five Feet Long?
By R. W. Lockwood
Modern Science Declares That If Nature Had Made the
VERY remarkable book, “Colon gets clogged. It then becomes a veritable
published by Martin's Method, Inc. millions, but billions of disease germs are Written by an authority, this book dis- generated in it. These are absorbed into cusses-in a clear and fascinating narrative the blood, and are carried to every part of —what has been called "Nature's big mis the body, producing the condition, so much take," the large intestine in man. Scientists written about of late in medical journals, now agree that poisons emanating from the known as "auto-intoxication." large intestine are responsible, directly or “Colon Cleanliness" tells, for the layindirectly, for many of the diseases to which man, exactly what happens to the various mankind is heir. This book therefore pos organs of the body when this condition sesses a tremendous interest to every man occurs. It is an amazing narrative. Science, and woman. Incidentally it describes for like a detective, has now traced many disthe first time, in a popular way, an impor eases to the clogged condition of the large tant invention which steps into the breach intestine. Indirectly and directly the lazy left by Nature and repairs some of the ills large intestine causes more illness; kills caused by the length of the large intestine. more people; affects our health, our happiThis invention is now being used in many ness, and our efficiency more vitally than all hospitals and sanatoriums and by physi- the other organs of the body put together. cians in private practise.
The colon is, in a sense, a traitor to the Few people realize, this book points out, rest of the body. By lying down on its that the large intestine-coiled around in a work, it throws the whole splendid balance small space in the abdomen-is usually at of the body "out of gear.”
of the body “out of gear.” It causes many least five feet long. It is, in a sense, a long of us to become seriously diseased, and the exhaust pipe for the body. The waste rest of us it puts into a poisoned half-alive matter of our food reaches it in a semi condition. How often do we really feel up liquid state. The function of the large in to par, really ourselves; with our brains testine is to extract the liquid from this keen and quick; our bodies tingling with matter, and to discharge the residue from vitality ? So seldom that most of us talk the body. This long exhaust pipe works by about it, in surprise, when we feel “fit.” a series of muscle-contractions along its Thanks to the lazy, large intestine, it is the five-foot length.
unusual condition for us to be fully alire.
The contrary, of course, should be the case. Five Feet Too Much for Lazy Muscles
How Nature Made the Mistake But very often these muscles work im Professor Elie Metchnikoff, in the great properly. They are, in plain words, lazy. work in which he first pointed out the They are so lazy that they are incapable of method and effects of auto-intoxication, has pushing along the waste matter a distance an interesting theory about the large inof five feet. The result is that the colon testine. Nature made it so long, he theo
rized, because originally man was an active invention meets the problem of colon laziwild animal. He was often in danger from ness in a logical, effective fashion. It is other animals and would have to run long without the slightest harmful results, such distances. For his safety it was necessary as follow the taking of drugs, which usually to have an organ in which waste matter only have the effect of making the large intescould be stored. There was, however, little tine more lazy. danger of clogging of the colon, because continuous natural exercise kept man's colon
This Book is Free from being lazy. Its muscles functioned normally.
A copy of the book “Colon Cleanliness" The large intestine which Nature fash can be secured gratis by any reader of this ioned was perfectly adapted to our former magazine. It is a book every man and life. It is not adapted to modern life. Man woman should read carefully. While writis no longer a wild animal. He is easily the ten in a popular style, it treats, with scienmost inactive large animal on earth. He tific precision, of a problem that affects the is a sitting animal. He almost never walks daily life of every human being. The when he can ride. The first thing physicians shortcomings of the large intestine, the distell him usually, when he is in a run-down eases that are caused by it, the manner in condition, is to “get out in the air and exer which these diseases are caused, and other cise.” But many of us are too busy to exer fascinating aspects of this problem-are cise; and still more of us, when we exercise, covered fully and clearly. exercise the wrong muscles. The most im The book may be secured by addressing portant, the most vital muscles to exercise the publishers, Martin's Method, Inc., who are those of the large intestine, for the simple are also the manufacturers of the Kolon reason that those muscles cause more trouble Motor. They had this scientific treatise, by their laziness than all the other lazy mus “Colon Cleanliness," written by a physician, cles put together.
so that the public could clearly understand the importance of the many discoveries
made of late in regard to uncleanliness in Man's Inventive Power to the Rescue
the large intestine. Only incidentally does “Colon Cleanliness,” after describing the book treat of the Kolon Motor, in disminutely the problem of the large intes- cussing the different efforts made by tine--as discussed by many scientific au physicians to combat this great problem. thorities-deals with the invention that is The book, in other words, is a scientific now used to combat the laziness of the large work, and in asking for a copy one does not intestine. This is a simple contrivance need to feel that the purchase of a Kolon which does nothing else but exercise the Motor is involved. The makers are satislarge intestine. It wakes the large intestine fied merely to get the scientific facts before to its job. It is called the Kolon Motor, the public. The book will be sent free to and is a very simple device, since it can be any one who asks for it. Address, Martin's operated by a child. Observations of its Method, Inc., Dept. 6212, 105 East 30th effect in hospitals and by private physicians St., New York. show remarkable results. One merely puts the Kolon Motor on a door or wall, leans up against it and turns the handle for a few MARTIN'S METHOD, INCORPORATED, minutes. The face rotates with a scientific
Dept. 6212, 105 East 30th St., New York waving motion, which immediately stimulates the colon and causes proper function
Without any obligation on my part you ing. Two or three minutes a day is all that
may send me a copy of the book “Colon
Cleanliness." is required.
In this simple fashion the colon muscles are exercised as much as they would be in
Name... taking a brisk walk of two or three miles. In medical circles it is recognized that this
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