The policy of Government control of grazing lands, in and out of forest reserves, was unanimously indorsed by the forest reserves grazing land committee of the National Livestock Association at Denver last week, and also by the convention of the Colorado Horse and Cattle Growers' Association. The president of the latter criticised the strict protectionists of Massachusetts, who demanded a reduction of the tariff on wool and hides, but pooh-poohed the westerner's cry for a reduction on shoes and clothing. Railroads, life insurance companies, and other corporation and trust interests, he said, must be made to cease monopolizing utilities and necessities.

William Kent of Chicago has just deeded to the United States two hundred and ninety-five acres of primeval redwood forest on the southern slope of Mount Tamalpais, about six miles from the city of San Francisco. A proclamation declaring the canyon a National park will be signed at an early date. This grove is one of the few tracts of redwood forest now to be found in their natural state in California. The largest redwoods on the tract are eighteen feet in diameter and approach three hundred feet in height, rising with perfectly straight and clean stems. Some of the trees have probably stood from one thousand to fifteen hundred years.

The American Bankers' Association at its recent session in Chicago rejected both the Aldrich Bill and the Fowler Bill, now before Congress, as unsatisfactory solutions of the question of asset currency, and presented a bill in thirteen sections which it will recommend to Congress. The Aldrich Bill is declared to be "impracticable, unwise, and financially unsound." The Fowler Bill "introduces schemes so far-reaching in their scope and touching so many collateral interests not germane to the real solution of our currency difficulties, that we believe its passage would unsettle, rather than improve, financial conditions."

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February 1, 1908

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