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Page 29 text:
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THE SENIOR ANNUAL CLASS '11 I I fli 'Procrastination is the thief of Althea Massena. K time. Erma Sanner. 51 1 Lhoose not alone a proper mate But proper time to marry. Ruama Sult. '4Tho' I am young, I scorn to ,D . Upon the Wings of borrowed wit.
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Page 28 text:
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THE SENIO R ANNUAL CLASS '11 Ruth Lineberry. f'For softness she and sweet attractive grace. Claudia, Moore. Silence is the perfectest herald of joy. 1 were but little happy if I could say much. Erma Ulrich. And as the bright sun glorifies the sky, So is her face illumined by her eye. Bessie Jacoby. Love me little, love me long. 7?
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Page 30 text:
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THE SENIOR ANNUAL Ualedigtorv It requires no argument to demonstrate the potent influence of satisfactory commercial rela.tions in maintaining a secure and endur- ing peace between nations. The principle of this great influence is mutuality of interest. Commerce is vitally dependent upon peace. The same forces are at work to avert the destruction of friendly relations between countries as are operated to prevent a quarrel between any business man and his customers. Just as long as harmony prevails among nations, commerce flourishes from year to yearg but upon the first rumors of trouble it begins to seek new markets where it will be less exposed to the dangers and losses occasioned by war. History tells us of the promotion of trade by war under the system of con- quest. But this is happily a thing of the past for as long as it pre- vailed unfriendly relations between nations were aroused and each pursued a policy of selfishness and exclusiveness. Commerce has become a paramount power in the civilized world. For some years past there has been a constant change taking place. Countries which were formerly dependent upon agriculture have been concentrating their energies on manufactures and trade. In consequence every great producing nation is giving its attention to the export trade and seeks for wider and better markets for its products. The result of this is a desire for closer friendship among different countries. Commerce today rests much on the broad and just principles of reciprocity. In former times every nation was arrayed against every other nation, prepared to do it all the injury possible by trade restrictions, and if necessary, to go to war to accomplish its pur- pose. Gladstone said that the ships that pass between one country and another are like the shuttle of a loom, weaving a Web of con- cord among nations. It has been said that commerce is an assurance of national in- dependence. The significance of this statement will appear when it is remembered that its mission is to correct the inequalities and deficiencies of soil, climate, natural products and industrial de- velopement in the different parts of the world. A superabundant quantity of any product when kept at home possesses little or no value, but when distributed wherever needed, that same product ac- quires value from its capability of purchasing needed products from other countries. Commerce is a most important agent of civilization. Chiefly by its means, highly advanced countries, in their efforts of seeking new sources of trade, have brought many of the barbarous peoples un-
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