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ECONOMIC PROGRESS OF THE SOUTH IN 26 YEARS. The Manufacturers' Record, Baltimore, Md., has have a total area of 969,237 square miles. prepared the following table of the economic progress about one-third of Continental United States. of the South for twenty-six years. The South in- The South produces, according to the census of cludes these sixteen States: Alabama, Arkansas, cotton and cottonseed products, sugar cane 1920, practically all of this country's output of and Florida, Georgia, Kentucky, Louisiana, Maryland. its product, peanuts, sulphur (three-quarters of the Mississippi, Missouri, North Carolina, Oklahoma, world's output), bauxite, phosphate rock, Fuller's South Carolina, Tennessee, Texas, Virginia and earth, turpentine and rosin and carbon black. The West Virginia, and the District of Columbia, which summary follows:

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Capital..

Products, value.

Furniture Manufacturing:

Products, value..

Pig Iron made, tons.

Coke made, tons..

Lumber cut, feet..

Mineral Products, value...

Coal mined, tons...
Iron Ore mined, tons..
Petroleum, barrels...

Bauxite production, tons..
Phosphate mined, tons...
Sulphur produced, tons.
Total Land Area, acres.
All Land in Farms, acres..
Improved Land, acres..
Number of Farms.
Value All Farm Property..

1 Value Farm Land..
Farm Products, value..
Farm Crops, value..
Farm Crops, acreage.

Cotton, bales...

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$1,000,000,000 (d) $981,412,000 17,293,168 328,022 4,437,790

(a)8178,000,000 $228,789,000

(d)$113,291,000 4,468,000

226,171,000

7,510,000 426,703,000

23,184

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Value, without seed.

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$1,388,798,000

Value, including seed.

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$1,710,863,000

Tobacco, pounds.".

668,647,226

807,991,221

1,035,453,000

Corn, bushels..

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$1,575,920,000

710,812,000

1,127,973,000

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92,966,000 139,763,000

Livestock:

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EMBEZZLEMENT AND FRAUD LOSSES IN THE UNITED STATES.
EMBEZZLEMENT INSURANCE LO33ES IN THE UNITED STATES.

$465,143,000

90.307

$752,455,000

$7,057,488,000

$1,799,259,000

$488,769,000

90.658

4,365,703

5,153,140

$290,000,000

$316,000,000

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Chairman William B. Joyce of the National Surety Company estimates present losses of the American public from embezzlement at $125,000,000 a year.

"Financial crime and its suppression," says Mr. Joyce, "cost the American public more than $2,500,000,000 a year.

"This equals almost 1 per cent. of the nation's entire wealth, 4 per cent. of the gross taxable incomes of the nation's business corporations, and approxi mately 10 per cent. of the net incomes of all corporations and individuals as reported to the Income Tax Department,

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8,672,024 '1925.....13,033,417

ITEMS IN ANNUAL LOSS BY FRAUD. "Principal items in the American public's great annual fraud loss are estimated at:

"St ck frauds, $500,000,000; merchandise frauds, $500.000.000: credit frauds, $265,000,000: robbery, theft, hold-up, $250,000,000: insurance frauds, $200,000,000: embezzlement, $125.000.000; forgery, $100,000,000: real estate. $100,000,000: prosecution, prevention and punishment of crime, $500,000,000."

Burglary insurance losses in the United States In 1925 totaled $13,595,514, according to information gathered by the National Surety Company.

FOREIGN COINS VALUED IN UNITED STATES MONEY.
(Proclaimed by the Secretary of the Treasury as of Oct. 1, 1926.)

Argentine Republic, G., ($0.9648). Currency: bank notes redeemable on demand in American Paper, normally convertible at 44 per cent. of face

value; now inconvertible.

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Boliyia, G., Boliviano ($0.3893). 121⁄2 bolivianos equal 1 pound sterling.

Brazil, G., Milreis ($0.5462) Currency: Government paper normally convertible at 16 pence ($0.3244) per milreis: now inconvertible.

British Colonies in Australasia and' Africa, G., Pound sterling ($1.8665).

British Honduras, G., Dollar ($1.0000).
Bulgaria, G., Leva ($0.1930).

Canada, G, Dollar ($1.00).

Chili, G., Peso ($0.0217). Currency: Inconvertible paper.

China, S., Tael, Halkwan (customs) ($0.8574). The tael is a unit of weight, not a coin. The castoins

unit is the Haikwan tael. The values of other taels
are based on their relation to the value of the Hatk-
wan tael. The Yuan silver dollar of 100 cents is
the monetary unit of the Chinese Republic: it is
equivalent to 644+ of the Haikwan tael. Dollar,
Yuan (80.4868). Mexican silver pesos issued under
Mexican decree of Nov, 13, 1918, are of silver con-
tent approximately 41% less than the dollar here
quoted; and those issued under decree of Oct. 27,
1919, contain about 51% less silver.
Colombia, G., Peso ($0.0733).
ernment paper and gold.

Costa Rica, G., Colon ($0.4653).
Cuba, C., Peso ($1.000D).

Currency: Gov

Czecho-Slovakia, G., Krone ($0.2026).
Denmark, G., Krone ($0.2680).

Dominican Republic, G., Dollar ($1.0000). U. S. money is principal circulating medium.

Ecuador, G., Sucre (80.4867).

Egypt, G., Pound (100 plasters) ($4.9431). The actual standard is the British pound sterling, which is legal tender for 976 piasters.

Esthonia, G., Kroon ($0.2680).

Finland, G., Markka (80.0252).

France, G. and S., Franc ($0.1930). Member Latin Union.

Germany, G., Reichsmark ($0.2382).

Great Britain, G., Pound sterling ($4.8665). Greece, G. and S., Drachma ($0.1930). Member Latin Union.

Guatemala, G., Quetzal ($1.000).

Hayti, G., Gourde ($0.2000). Currency: National

dollars.

Honduras, S., Peso ($0.4582). Currency: Bank

notes.

Hungary, G., Pengo ($0.1749).

india (British), G., Sovereign ($4.8665); 8. Rupee ($0.2177). The British sovereign and hall sovereign are legal tender in India at 10 rupees per sovereign; actual exchange rates approximate 15 rupees.

Indo-China, S., Piaster ($0.4949).

Italy, G., Lira ($0.1930). Member Latin Union Japan, G., Yen ($0.4985).

Jugo-Slavia, G., Dinar ($0.1930).

Latvia, G., Lat. ($0.1930). Currency: Notes of the Bank of Lithuania, not now convertible.

Liberia, G., Dollar ($1.0000). Currency: Do preciated silver token coins. Customs duties are collected in gold.

Lithuania, G., Litas ($0.1000).

Mexico, G., Peso (30.4985).

Netherlands, G., Guilder (florin), ($0.4020).
Newfoundland, G., Dollar ($1.0000).
Nicaragua, G., Cordoba ($1.0000).
Norway, G., Krone (80.2680).
Panama, G., Balboa ($1.0000).

Paraguay. G., Peso (Argentine), ($0.9648). Currenoy: Depreciated Paraguayan paper currency. Persia, S., Kran ($0.0844). Currency: Silver circulating above its metallic value. Gold coin is a commodity only, normally worth double the silver Peru, G., Libra ($4.8665).

Philippine Islands, G., Peso ($0.5000).
Poland, G., Zloty ($0.1930).
Portugal, G., Escudo ($1,0805).

convertible paper.

Roumania, G., Leu ($0.1930).

Russia, G., Ruble ($0.5146).
Salvador, G., Colon ($0.5000).
Siam, G., Tical ($0.3709).

Spain, G. and S., Peseta ($0.1930).

Currency: In

Valuation te

for gold peseta; currency is notes of the Bank of Spain.

Straits Settlements. G., Dollar ($0.5678).
Sweden, G., Krona ($0.2680).
Switzerland, G., Franc ($0.1930).

Union.

Member Latib

Turkey, G., Plaster ($0.0440). (100 plasters equal to the Turkish £.).

Uruguay, G., Peso ($1.0342). Currency: Inconvertible paper.

Venezuela, G., Bolivar ($0.1930).

in U. S. money is stated in parentheses.

G, means gold standard country: S, silver. Value Russia has stabilized its currency by use of a ruletes on that standard based on a gold reserve. (gold par of exchange, $5.146) and is issuing new standard, the cherronets, equivalent to 10 gold

JAPANESE WEIGHTS, MEASURES AND MONEYS. WITH EQUIVALENTS.

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The value of the yen is as follows: Prior to De- of pure gold. The metric system was adoptcember, 1885, gold yen, 0.4 momme of pure ed in Japan by an act of April, 1921, and gold; from January, 1886, to September, 1897, went into force on July 1, 1924, and is in silver yen, 6.7 momme of pure silver; sub- dally use, especially in cities and in Government sequent to October, 1897, gold yeb, 0.2 momme circles.

VALUE AND WEIGHT OF COLD.

The unit in weighing gold is the troy ounce. A "fine" ounce means an ounce of pure gold. The mint value of gold does not fluctuate but remains constant at $20.67183462 per fine ounce. Troy measure is used in weighing gold. The grain is the same in both troy and avoirdupois measure but the ounce and the pound are not the same. The troy ounce contains 480 grains and the troy pound 5,760 grains, there being 12 ounces to the pound. The troy pound is never used in weighing gold, even when the weights of large quantities are to be computed. The avoirdupois ounce contains 4374 grains and the avoirdupois pound contains 7,000 grains, there being 16 ounces to the pound

There is no standard bar, in the sense of the

word, there being various sizes-jewelers preferring those valued at from $100 to $500.

The $10,000 bar is most frequently used for transfer purposes. It is about 34 Inches wide, 64 inches long, and 14 inches deep. The value of such a bar ranges from $10,000 to $11,000. It is the largest made.

For a gold bar valued at $50,000 (should there be such) the dimensions would be: 34 inches wide, 64 inches long and 8% inches deep; the value $50,005.167, and the weight, 2,418.75 ounces.

These dimensions are for pure gold bullion, called 1.000 fine, which is 999.99 fine, and are approximations only.

LIFE INSURANCE IN FORCE IN THE UNITED STATES.
(1919-1925 from The Insurance Year-Book of The Spectator Company, N. Y.)

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Group policies (number and amount)-(1921) | 277): (1923) 20,480 ($2,468,935,567); (1924) 38,312 21.439 ($1,598,742,713); (1922) 25,967 ($1,847,139,- ($3,194,576,412): (1925) 11,181 ($4,299,271,187).

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1920-Whole country
370 cities.
1921-Whole country
370 cities.

1922-Whole country
366 elties..

372 cities.
1924-Whole country
366 cities...

106,418,175 447,886,677 4.21 1923-Whole country
39,636,748 151,120,951 3.81
107,833,284 495,406,012 4.59
4C,324,918 141,406,007 3.51
109,248,393 506,541,001; 4.63
33,821,476 120,964,112 3.57

Fires cost annually in the United States about 15,000 human lives.

In 1925, according to the National Board of Fire Underwriters, the gross fire and lightning insurance written by 210 companies totaled $128,

255.157,530; gross premiums charged, $1,189,875,289; net premiums written, $644,307,262; net premiums earned, $598,984,128; net losses paid, $351,116,325; net losses incurred, $354,104.422; net expenses, $281,185.781; agents' compensation, $161,524,275; taxes, $20,144,687.

110,663,502 535,372,782 4.84 42,946,639 147,102,119 3.42 112,078,611 548,810.639 4.90 43,375,796, 146,222,749 3.37

THE INTERNATIONAL LABOR ORGANIZATION.
(Prepared for The World Almanac by Lelfur Magnusson.)

As a result of pleas from organized labor in the various billigerent nations there was included in the treaty of peace with Germany, signed at Versailles, June 28, 1919, a separate section, quite apart from the Covenant of the League of Nations, establishing the International Labor Organization as the machinery for preventing the requirements of international commercial competition being an obstacle to the different nations in improving the conditions of life and labor within their own borders. The purpose of the organization is to improve and harmonize labor legislation so far as differences of race and climate make that possible,

At the peace conference of Versailles in 1919 a commission composed of representatives of employers, of workers and of the public of the belligerent countries met and drew up the constitution of the organization. Similar constitutional articles were included in the treaties with Austria, Bulgaria and Hungary.

According to the treaty, all members of the League of Nations automatically became members of the International Labor Organization. A special clause was included giving Germany and Austria full membership in the organization until they could become members of the League. The annual labor conference itself admitted Finland to temporary and limited membership prior to its becoming a member of the League

Fifty-six nations now constitute the membership: among the non-members are the United States, Russia, Ecuador, Egypt and Mexico. The population of member countries is 1,490,320.988; that of the others is 315,405,444.

The permanent organization consists of an annual conference of representatives of the member nations and an international labor office controlled by a governing body.

The organization is financed by contributions from the member states, made through the Assembly of the League of Nations. The budget for the organization for 1926 amounted to 7,047,363 gold francs ($1,363,075).

lishment of government health services; the application of the Berne convention of 1906 on the prohibition of the use of white phosphorus in the manufacture of matches: the limitation of hours of work in the fishing industry; the limitation of hours of work in inland navigation: the unemployment insurance of seamen; the establishment of national seamen's codes; night work of children and young persons in agriculture night work of women in agriculture; the social insurance in agriculture: the application of the weekly rest in commercial establishments; the development of technical agricultural education: the prevention of unemployment in agriculture the protection, before and after childbirth. of women wage earners in agriculture; living-in con ditions of agricultural workers; communication to the international labor office of statistical and other information regarding emigration, Inmigration and the repatriation and transit of emigrants; the general principles for the organization of systems of Inspection to secure the a forcement of the laws and regulations for the protection of the workers: the development of facilities for the utilization of workers spare time: equality of treatment for national and foreign workers as regards workmen's compensa tion for accidents; a minimum scale of workmen's compensation: jurisdiction in disputes relating to workmen's compensation; protection of en grant women and girls on board ship: repatriation of masters and apprentices: inspection of conditions of work of seamen.

An examination of these lists of conventions and recommendations shows how extremely broad is the competence of the International Labor Or ganization, dealing as it does with questions affecting practically all classes of workers, Industrial agricultural, maritime, professional, and emigrants The competency has, of course, been questioned but has been upheld both by the conference and, in some instances, by reference to the Permanent Court of International Justice. A decision of the Court handed down in June, 1926, established the competency of the organization to include selfemployers (home work, etc.), in the restrictions and limitations established by the draft conven

The annual conferences are composed of four representatives of each member state, one representing employers, one the workers, and two the government. These conferences discuss an agendations. prepared by the governing body, and draw up draft conventions and recommendations affecting industrial conditions, which are presented to the competent authorities in each member nation for ratification or adoption.

The conference is the legislative body of the organization and represents what may be termed the legislative method as against the diplomatic procedure of formulating treaties.

Part XIII of the treaty imposes no obligation on the members to adopt legislation in accordance with draft conventions or recommendations, but merely the obligation to present them for consideration by the appropriate and competent authority.

When a convention has been ratified by two or more members it becomes an International treaty between the members so ratifying and remains in force for ten years.

The following conventions and recommendations have been adopted at the nine sessions of the conference held annually since 1919; two sessions having been beld in 1926.

Conventions concerning: Limiting the hours of
work in industrial undertakings to eight in the
day and forty-eight in the week; unemployment:
the employment of women before and after
childbirth; and the employment of women at
night; the minimum age for admission of chil.
dren to industrial employment and at sea; the
night work of young persons employed in in-
dustry; unemployment indemnity in case of loss
or foundering of the ship; employment for sea-
men; the age of admission of children to employ-
ment in agriculture: the rights of association and
combination of agricultural workers; workmen's
compensation in agriculture; the use of white
lead in painting: the application of the weekly
rest in industrial undertakings: the compulsory
medical examination of children and young
persons employed at sea; equality of treatment
for national and foreign workers as regards work-
men's compensation for accidents; night work in
bakeries; workmen's compensation for accidents;
compensation for occupational diseases; simplifi-
cation of inspection of emigrants on board ship:
seamen's articles of agreement; rights of re-
patriation of seamen.
Recommendations concerning: Unemployment:
reciprocity of treatment of foreign workers; the
prevention of anthrax; the protection of women
and children against lead poisoning: the estab

Of the

The governing body consists of twenty-four persons, twelve of whom represent the government six the workers, and six the employers. twelve government representatives, eight are noninated by the members of chief industrial importance, namely, Belgium, Canada, France, Germany Great Britain, India, Italy and Japan. The other four elected by the conference in 1925 are Argentina. Norway, Poland and Spain.

Employers' representatives were elected from the following countries: Great Britain, France, Italy Belgium, Czecho-Slovakia and South Africa. Workers representatives represent France, Great Britain. Canada, Germany, Netherlands and Sweden.

The members of the governing body are elected for three years. The governing body meets at least four times each year. It directs the work of the International Labor Office and prepares for the annual conferences.

The International Labor Office is established at Geneva and is independent of the League Secretarial as respects policy and administration.

The office acts as a secretariat for the annual conference, preparing material for the use of the conference and following up the work of the conference, endeavoring to secure the early consideration by member states of the conventions and recommendations adopted at the conferences.

The office reported in July, 1926, that there had been 196 ratifications of draft conventions registered: three conditional ratifications; thirty-six instance of approval by proper authorities but ratification not yet registered: and 134 cases of ratification having been recommended.

It also acts as a bureau for the collection and dissemination of information bearing on the prob lems of labor and industry. It edits and publishes several periodicals and numerous reports and studies dealing with problems of industry and employment of international interest.

A new building to house the International Labor Office, and costing approximately $600.000, ha been constructed in Geneva.

The International Labor Office has branche in London, Paris, Rome, Berlin, Tokio and Wash Ington. The Washington branch is directed by Leifur Magnusson, with offices at 701 Lenox Build Ing, Washington, D. C. The World Peace Founds tlon, 40 Mount Vernon Street, Boston 9. Mass is the official agent in the United States for the distribution of publications of the office

WATER POWER IN THE UNITED STATES IN 1926.
(Data gathered by the United States Geological Survey.)

The accompanying table shows that the total
capacity of water wheels installed in plants of 100
borsepower or more in the United States in Janu-
ary, 1926, was 11.176,596 horsepower, an increase
of 1,138,941 horsepower, or about 11.5 per cent. over
the total of 10,037,655 horsepower in March, 1925.
Of this increase 972.640 horsepower, or about 85

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per cent., was in public utility power plants, and 166,301 horsepower, or 15 per cent., in manufacturing plants.

Totals for the United States: Public utility and municipal plants-number, 1,678; horsepower, 9,259,972. Manufacturing and miscellaneous: Plants, 1,677; horsepower, 1,916,624.. Grand total: Plants, 3,355; horsepower, 11,170,596.

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State.

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Total.

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Mont.. 29 374,100'

ELECTRIC POWER PRODUCED BY PUBLIC UTILITY PLANTS IN 1925.

State.

Alabama.

Arizona.

(By the United States Geological Survey.)

Water Pow. Fuel Pow. Total Pow.

1,000

1,000

Kilow. Hrs. Kilow. Hrs. Kilow. Hrs.
560,162 608,939

State.

Water Pow. Fuel Pow. Total Pow.

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Arkansas.

22,470

166,600

130,541 New Hampshire.
189,070 New Jersey.

222,872

795 40.811

39,703

263,683

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California.

5,172,766

1,043,047

6,215,813 New Mexico..

828

Colorado..

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Connecticut.

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1,006,910 North Carolina.

381,156

561,138

Delaware.

Dist. of Col..

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942,294 39,050

349,80 Ohio.

31,998

4,355,501

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Georgia.

488,147

172,643

660,790 Oregon.

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4,387,499

394,383 729,859

Idaho.

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Illinois.

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5,269,477 Rhode Island..

5,034

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1,484,472 South Carolina..

580,702

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Iowa..

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10,788

64,087

74,875

Kansas.

23,688

642,976

666,664 Tennessee.

457,994

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Kentucky

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Louisiana.

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22,740

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Maryland.

13,380

559,271

572,651 Virginia...

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Massachusetts.

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2,377,649 Washington.

1,534,840

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Michigan.

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3,031,273 West Virginia.

24,187 1,618,707

1,642,894

Minnesota.

534,943

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616,184

Mississippi.

0

Missouri.

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47,803

1,253,899

90,927
817,999
8,730 1,262,629
29,100 337,166

90,927 Wyoming..

6,109

926,067
49,435

1,542,251

55,544

865,802

United States. 22,355,917 43,514,389 65,870,306

366,266

ELECTRICAL SERVICE DEVELOPMENT IN THE UNITED STATES.

(Supplied to The World Almanac by the Society for Electrical Development, Inc.)

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