The entire period in the affairs of the Erie system from the ascendancy of Daniel Drew in 1851 to the end of the Civil War witnessed an endless succession of stock-market exploits both large and small.

In 1919 the entire property, including controlled lines, embraced more than 13,000 miles of main track, besides about 5000 miles of extra tracks; over 200,000 freight cars are in use on the system, and every year upwards of 200,000,000 tons of freight are transported.

As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.

The new regime is bedding down and in the ascendancy.

Apparently, a week Japan was laughable; but a strong Japan was immediately transformed into the prime example of a "Yellow Peril". Might Japan forever be stuck in a kind of no man's land between East and West, not allowed to assimilate into the international order of the Western nations as an equal, forever grouped with the countries of the East among which she felt herself superior, and respected fully by neither group?

Employers are, for want of a better word, in the ascendancy.