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association of railway security owners is evidence that they are at last alive to this fact. Who more than the stockholders are concerned with freight rates, wages, and taxes? Organized, these people can make their weight felt and demand fair play for all concerned, and the more people there are who become stockholders the more chance there is of their becoming organized.

One of our great problems to-day is to get people interested in things that are worth while. Is there any easier or more effective way of doing it than by making investors of them? Make them partners in as many companies as possible, and they will be interested in whatever affects these companies, for by so doing they are protecting themselves and their families. This may be a selfish motive, but it seems to us it is justifiably selfish. Certainly it would react to the benefit of the country at large; we would have better laws, better-managed businesses, a broader outlook on life, and a more contented people. The cost of living to the individual would be reduced, and our industrial life immensely strengthened and encouraged.

FREE-G. K. Chesterton's

"Utopia of Usurers" YOU

OU may not agree with Chesterton's vigorous criticisms of modern life. You may even get provoked at some of his outbursts. But his challenging manner will stimulate and entertain you.

We will send you this excellent clothbound book free if you will get one of your friends to subscribe to The Outlook for six months at $2.50. It must be a new subscription, and must be sent to us direct by a present subscriber.

The Outlook Company, 381 Fourth Ave., New York

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Trading with the Land that was Born Lucky

WRITE FOR COPIES OF OUR BOOKLETS:

Foreign Exchange The Webb Law The Edge Law Acceptances Scandinavia

K

IPLING rightly called her The Land That Was Born Lucky. For Canada has the greatest reservoir of natural wealth in the world-vast forests, mountains of minerals and millions of acres of untilled arable land. She is building wisely with her wealth, exporting part of her surplus in exchange. for the things she needs.

Our neighbor and best friend among nations sends nearly half her exports to this country, and buys three-quarters of her imports from us. In raw materials and finished merchandise, each country has much to offer the other, with advantage to both. The constant growth of Canada's population insures that new opportunities will continue to appear for expanding this trade, which now approximates $100,000,000 a month in both directions.

Considerable of this great commerce moves via New England and is financed. through THE NATIONAL SHAWMUT BANK. As a result of long experience, we are particularly well equipped to cooperate in building up and financing north- or southbound trade. Correspondence is invited.

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THE NATIONAL SHAWMUT BANK of BOS

Resources far exceed $200.000.000

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Dunmore Hotel

LAKE DUNMORE-VERMONT

Situated on the most beautiful Lake in Vermont; eight miles from Brandon-on Rutland R. R., accessible by automobile on Green Mountain Tour to Canada. Electric lights, steam heat, rooms connecting with or without baths-unusually dry, cool climate, no hay fever, malaria or mosquitoes.

Lake affords motor boating, rowing, canoeing, swimming in crystal water. Bass, trout fishing unequaled. Book with many pictures on application. OwnershipManagement. Winter connections:

Qui-Si-Sana (Here is Health)

Green Cove Springs, Florida

ROSCOE A. MARVEL

THIS WEEK'S

OUTLOOK

A WEEKLY OUTLINE STUDY OF CURRENT HISTORY 1

BY J. MADISON GATHANY SCARBOROUGH SCHOOL, SCARBOROUGH-ON-HUDSON, N. Y.

I

Dwight Lyman Moody

Dr. Lyman Ab

N this week's issue of The Outlook
Dr. Lyman Abbott writes of Dwight
Lyman Moody.

How do you account for the remarkable success of a man with so little formal training in education and with so little financial means as Mr. Moody possessed when he started upon his life-work?

Is it reasonable to believe, as does Dr. Abbott, that Moody "was born to be a missionary, as Beethoven was to be a musician, or Millet to be a painter?"

What reasons have you for agreeing or disagreeing with the religious views of either Dr. Abbott or Mr. Moody as shown in this article?

Define with care the following words: Somnolent, disseminate, catholic, Catholic, pin-head people.

Two authentic biographies of Mr. Moody are those entitled "Life of D. L. Moody," by William R. Moody (his eldest son) (Revell), and "Echoes from the Pulpit and Platform," by D. L. Moody, L. Abbott, and C. F. Goss (A. D. Worthington).

Jottings from a London
Note-Book

Does your experience, or the experience of others whom you personally know, with England and the English accord with that of Mr. Maurice? If not, give an account of your own experience or that of your friends who have visited England.

Do you think Mr. Maurice expects Outlook readers to take him seriously when he says that "no Englishman is ever quite civilized until he has brushed up against many Americans?" If this is true, is the reverse of it also true?

Does the history of England uphold or condemn Mr. Maurice when he says that "nine times out of ten England can be counted on to do the right thing in the wrong way?"

You should know how to define and explain the following terms: Obse quious, subtleties, phlegmatic, unctuous. implacable, foist, blithely, meticulous. alien, inexplicable, moratorium, accentuate, trident, benign, ineffable, verisimilitude, furtively, corrugate, episode.

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The Harkness Quadrangle

How old is Yale? Why was it founded? Who owns Yale?

Has Yale different purposes now from those it had when it was founded? If

1 These questions and comments are designed not only for the use of current events classes and clubs, debating societies, teachers of history and English, and the like, but also for discussion in the home and for suggestions to any reader who desires to study current affairs as

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F

so, how are these newer purposes to be accounted for?

What is your view as to the influence of beautiful buildings and surroundings upon character? Is it possible for you to illustrate your belief?

What are the two opposing views of life between which Dr. Hadley says the university must make its choice? Which of these views do you think a university should choose? Why?

Do you think higher education is worth what it costs? Is your opinion mere personal opinion or is it opinion backed by facts and sound reasoning?

Presumably Yale educates American citizens. What are the distinctive marks of an educated person? What is the test of education?

Define the following: Nucleus, imbibe, imbue, prosaic, the materialist, the philistine, obtrusively.

The following books are recommended to those who desire excellent volumes on education: "The Education of the American Citizen," by Arthur T. Hadley (Yale University Press); "What is Education?" by E. C. Moore (Ginn); "Public School Administration," by E. P. Cubberley (Houghton Mifflin); "The Meaning of Education," by Nicholas Murray Butler (Scribners); "Measuring the Results of Teaching," by W. S. Monroe (Houghton Mifflin); "Schools of To-Morrow," by John and Evelyn Dewey (Dutton); "Education and Living," by Randolph Bourne (Century).

The New Friendship in the
Factory

On another page in this issue of The Outlook Senator Davenport tells us that labor is growing far more intelligent and far more self-conscious than ever before, and that "the desire for selfexpression among workers creeps resistlessly on." What to you is the significance of these statements? Tell, with reasons, whether you consider these developments fortunate or unfortunate.

Can you make clear why capitalistic control of industry is wrong? Can you make equally clear why labor control of industry is wrong?

Is it senseless to talk about industrial democracy? What is the test of industrial democracy?

Can industrial harmony and stability be built up on paternal benevolence? Or must it be built up on full recognition of mutual rights and mutual duties of capital, labor, and management? If the latter, what would you name as some of the mutual rights? Some of the mutual duties?

The following books are of more than passing interest to those interested in the solution of our industrial, and economic problems: "The Making of ToMorrow: The Art of Industrial Right Living," by Hayes Robbins (Dutton); The United States Steel: The Corporation With a Soul," by Arundel Cotter Doubleday, Page); "Wealth: Its Production and Distribution," by A. W. Kirkaldy (Dutton); "A Modern Symposium," by G. Lowes Dickinson (Dou

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Summer term in 6 States.
Winter courses open October 1. Booklets free.
S. S. CURRY, Ph.D., Litt.D., Copley Square, Boston.

ORDER BY MAIL Posse Normal School of Gymnastics

Please state what you are interested in THOMPSON BROS. BOAT MFG. CO. 1521 Ellie Ave. PESHTIGO, WIS. TEACHERS' AGENCIES

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70 Fifth Avenue, New York Recommends teachers to colleges, public and private schools, Advises parents about schools. Wm. O. Pratt, Mgr.

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REV. THOMAS BICKFORD, A.M., Founder. For grammar and high school students. Three terms: fall, spring and summer. Mid-winter vacation. Pine groves. Seashore. Happy outdoor life for training in self-discovery and self-development. Miss Faith Bickford, Miss Addie Bickford, Directors, Box D, Brewster, Mass.

New-Church Theological School 48 Quincy Street,

Cambridge, Mass. Est. 1866. Three years' course. College preparation desired. The curriculum includes systematic study of the writings Scriptures. Correspondence courses. Catalog. WILLIAM L. WORCESTER, President.

The Curtis School for Young Boys of Emanuel Swedenborg and spiritual interpretation of the

Has grown forty-six years and is still under the active

direction of its founder. Entering age nine to thirteen. $1,000.

FREDERICK S. CURTIS, Principal
GERALD B. CURTIS, Assistant Principal
BROOKFIELD CENTER, CONNECTICUT.

RUMSEY HALL Cornwall,

A school for boys under 15

Yearly rate $1200

L. R. SANFORD, Principal

Conn.

LOUIS H. SCHUTTE, M.A., Headmaster

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Copyright, 1921, by The Outlook Company

TABLE OF CONTENTS

Vol. 128

June 22, 1921

No. 8

THE OUTLOOK IS PUBLISHED WEEKLY BY THE OUTLOOK LAWRENCE COMPANY, 381 FOURTH AVENUE, NEW YORK.

F. ABBOTT, PRESIDENT. N. T. PULSIFER, VICE-PRESIDENT. FRANK C. HOYT, TREASURER. ERNEST H. ABBOTT, SECRETARY. TRAVERS D. CARMAN, ADVERTISING DIRECTOR.

Contributors' Gallery....
Financial Department...

This Week's Outlook: A Weekly Outline Study of Current History.

By J. Madison Gathany

Peace by Resolution...

305 306

310

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The Federal Reserve and American

Business.....

The Functions of Government.

Lowering Wages..

Lowering Rates...

In the Interest of Intelligence.....

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Snap-Shots of My Contemporaries : Dwight Lyman Moody-Evangelist 324

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