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Why Public Utilities Attract
Careful Investors

The sound habit of buying public utility securities for safety combined with good yield has become almost universal.

Providing the public with light, heat, power and transportation, public utilities are among the fundamental necessities of modern life, ranking next in importance perhaps to food, shelter and clothing.

Stone & Webster experience in public utilities began more than thirty years ago with the work of establishing some of the earliest electric railway, light and power companies on a successful basis, and we are now the largest organization financing, constructing and managing independently operated public utilities.

If you will advise us as to the character of your requirements we will be glad to make specific recommendations based on our wide knowledge and experience in public utilities investing.

STONE & Webster
WEBSTER

INCORPORATED

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SCRIBNER'S

MAGAZINE

Illustrated

Contents for DECEMBER 1922

IT WAS NOT, AS HE HAD FEARED, FROM

HIS SON

From a drawing by Frances Rogers, for “Å

Son at the Front."

A SON AT THE FRONT-Serial. Chapters I-IV. Edith Wharton
Illustrations (including frontispiece) by
Frances Rogers.

"WHAT ELSE DID FATHER DO?"
CHILD'S CHRISTMAS, AND OTHER POEMS
Decorations by Beatrice Stevens and Henry
Pitz.

Edward W. Bok

Frontispiece

643

Poems by MARTHA HASKELL CLARK, ARTHUR DAVISON FICKE, CHARLES BUX-
TON GOING, MARY R. S. ANDREWS, STRUTHERS BURT, ETHELEAN TYSON GAW,
HILDEGARDE H. JOHN, THEODOSIA GARRISON, ARTHUR S. HARDY, HILDEGARDE
HAWTHORNE, BERTHA BOLLING, MARGARET E. SANGSTER, ALICE L. BUNNER,
CHARLES HANSON TOWNE, BERNICE LESBIA KENYON, AND JOHN Finley.

FROM IMMIGRANT TO INVENTOR-IV.

FROM GREENHORN TO CITIZEN-
SHIP AND COLLEGE DEGREE. (To
be continued) .

Illustrations from old prints.

AN AMERICAN CITIZEN-REAL PEOPLE WHO

ARE REAL SUCCESSES

LOADED DICE-A Story

Illustrations by Charles Baskerville.

THE VIRGIN ISLANDS-A Series of Engrav-
ings done on Linoleum

MARLEY'S COVE-A Story.
Illustrations by A. B. Frost.

660

665

Michael Pupin

673

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Lowell L. Balcom

Cary Gamble Lowndes

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THE POINT OF VIEW-Some Distance Under Their Skins-The Wednesday
Club Meets-Looking for That Little Home in the Country

THE FIELD OF ART-American Painters

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THE FINANCIAL SITUATION-Encouragement and Perplexity-The Business Revival in America-Europe and the War Debt to Our Government

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PUBLISHED MONTHLY. PRICE, 35 CENTS A NUMBER; $4.00 A YEAR

CHARLES SCRIBNER'S SONS NEW YORK Publishers of SCRIBNER'S MAGAZINE and ARCHITECTURE

Copyrighted in 1922 in United States, Canada, and Great Britain, by Charles Scribner's Sons. Printed in New York. All rights reserved. Entered as Second-Class Matter December 2, 1886, at the Post-Office at New York, N. Y., under the Act of March 3, 1879. Entered as Second-Class Matter at the Post-Office Department, Ottawa, Canada.

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Loyalty and Fair Dealing

The Mackay System-POSTAL

TELEGRAPH-COMMERCIAL

CABLES-throughout its existence has endeavored to follow the course of loyalty and fair dealing both with the public and with its employees.

How well it has succeeded is attested by the liberal patronage of the former, which has made possible its tremendous growth from humble beginnings to the world's longest system of telegraphs and

cables, and by the extraordi nary continuous-service records of many of its employees. Thus, fair dealing by POSTAL TELEGRAPH-COMMERCIAL CABLES has succeeded in winning public approval and the intelligent and loyal co-operation of its superior staff, with the result that today it is able to offer the fastest and most accurate wire communication service in the world.

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Edith Wharton's ever-widening audience, which has followed with keen interest her recent stories, "The Age of Innocence" and "The Glimpses of the Moon," will be able to watch the unfolding, month by month during the coming year, of one of the most powerful themes she has ever handled. This new novel, "A Son at the Front," whose treatment resembles somewhat that of "The House of Mirth" and other of her works written before the war, contains her discerning analysis of character and society, and deals with a group of Americans living in Paris, who are caught in the net of circumstances surrounding the beginning of the war. Mrs. Wharton's many years of residence in France have given her the background of what is not primarily a war story, but a story of character.

Edith Wharton.

In 1919 Edward W. Bok retired from the editorship of The Ladies' Home Journal. The story of his life, told in his autobioggraphy, "The Americanization of Edward Bok," is too well known to need repetition. This volume has steadily held its place among the leading non-fiction books since the date of its publication in 1920.

"Child's Christmas" was one of the last poems written by Martha Haskell Clark. She was a favorite contributor to SCRIBNER'S for many years. ** Arthur Davison Ficke is known for his volume, "Sonnets of a Portrait Painter," as well as for innumerable other poems in the magazines. ** Charles Buxton Going edited The Engineering Magazine for a good many years, and has written a book on industrial engineering, and several volumes of poems. ** The latest book by Mary R. S. An

fields of prose and verse.** Ethelean Tyson Gaw is Mrs. Allison Gaw, whose "Barnegat Love Song," which appeared in SCRIBNER'S, has been reprinted in papers throughout the country. **This is the first poem by Hildegarde John to be published in this magazine. The author lives in Detroit. **"As the Larks Rise," the latest book of poems by Theodosia Garrison, came out a year ago. **Arthur S. Hardy, writer of novels and poems, was many years in the diplo

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matic service, at different times minister to Greece, Roumania, Switzerland, and Spain. **Hildegarde Hawthorne contributes reviews and poems to many periodicals. ** Bertha Bolling writes occasionally for SCRIBNER'S, which has often had poems by Margaret E. Sangster and Alice L. Bunner. ** Charles Hanson Towne's latest book is his novel of New York, The Chain." He is the author of several books of prose and verse, and also an editor and composer. ** Bernice Lesbia Kenyon graduated from Wellesley in 1920, and has published poems in a number of periodicals. ** John Finley, now associate editor of The New York Times, is one of the foremost educators of the country. He has been commissioner of education of the State of New York.

Among the countless comments called forth by the remarkable story of Michael Pupin is the following paragraph from (Continued on page 5)

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The Dollar

The daily actions of most of us are influenced by the messages received over the telephone, and yet few of us stop to think of the men and women, and the mechanisms, which help to make that daily service possible.

Maintenance, repairs, and the work of handling calls, must constantly be carried on in good times or in bad, and they must be paid for, in order that your telephone service may be continued.

The average dollar will buy to-day less than two-thirds of what it would buy before the war. This

TELEGRAPH CO

COMPANIES

means that it costs, on the average, half as much again to buy most of the things that are necessary for keeping the country going; but the advance in telephone rates is far less than this average.

In fact, gauged by the present purchasing power of the dollar, telephone service in the country as a than it did in 1914. whole is costing the subscriber less

The Bell System generally has been able to meet higher commodity prices and increased wages by means of new economies in operation and the increased efficiency of loyal employees.

"BELL SYSTEMTM"

AMERICAN TELEPHONE AND TELEGRAPH COMPANY

AND ASSOCIATED COMPANIES

One Policy, One System, Universal Service, and all directed toward Better Service

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BELL

SYSTEM

ASSOCIATED

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