C. H. HOLT RE-ELECTED MAYOR OF PRINCETON. Princeton. May 7.—In the munici pal election held here Tuesday, May 6th, C. H. Holt was re-elected for the third term, by a large majority. W T Edwards, W. J. Massey, l>r Oscar Eason, and B. P. Parrish won elected town commissioners. There was considerable interest manifested in the election, the hardest fight being made to defeat Mr. Holt for mayor. COLLEGES MUST HAVE HELP Higher education certainly comes high in America. Harvard University last year had an income of over $2, 550,000, of which only some $670,000 came from the tuition of students, hut despite this princely revenue, great er than that of some States, it had a deficit of over $16,000. Tho dispari ty between the total income and tho amount paid by the students, little more than a quarter, shows to how great an extent our leading education al institutions must depend upon tho returns from their investment* and the gifts of friends to meet current expenses. Probably Harvard, which has investments totaling nearly $26. 000,000, is rather an extreme example of this kind. No university or col lege, however, which possesses any standing, could exist for a year if en tirely depended upon its Income from its students —Philadelphia Record. DO THEY WANT IT SHELLED? The Charlotte Observer, which ia noted for its brilliant editorials in favor of 'protection, fawns its read ers with this classic, which wo ven ture to say has never been excelled in the whole litreature on the subject since the days of Adam: "The Obesrver would add Its voice to that of the farmers in the mona zito zone around Shelby for the con siderate attention of the tariff-mak ers. This mineral sand, so abundant In the streams of Cleveland County, was at one time a source of great iprofit to the farmers but the strange ly perverse legislation at Washington made the gathering up of it unprofit able. The provoking character of the situation is the snore easy of un del'standing when one hinks that all the farmers had to do was to gather this sand, put it in bags and ship it., getting in return handsome checks, representing money literally ptckod up, not 'in the road,’ as the saying goes, but in the branch By a stroke of the tariff pen, the wealth-creating oowers of this idle industry could be restored and money made to flow to the farmers. It would bo a happ»nday for that section of the State could Congress be induced to take the h^ ATm make a greater profit mongrels.—From Farmers’ Bul letin 528, United States Department of Agriculture. Messrs. Clark and Bryan have set a noble example for Messrs. Taft and Roosevelt to emulate—though the em ulating will be better when the ele phant and the moose lie down togeth er.—Chicago News. '*■ y ‘Tis not that Clark hates Bryan less, but that he loves his party more —Albany Journal. v MONEY MARTS OVER-DRAINED. Mechlenburg County bonds are very far from being the only ones encountering exhausted capital these days. In London for some time ev ery attempted flotation has been a fiasco or has gone at a bargain price, it is the same way in Paris, where rentes have touched 85, the lowest figure for 25 years. At present the great factor, affecting every Euro pean money center, and New York by powerful indirection, is the com plicated aftermath of the Balkan War. We may hope that this will soon vanish, leaving the situation cleared. But the premium on money supplies which has been noticeable for several years past will hardly be come less than It was before the Bal kan crisis arose. It is even likely to become more. The wastes of that war must be repaired by loans, and the expenses of recent mobilization and increased preparations for fu ture contingencies must be met. Ev ery great Nation is both a heavy bor rower and a heavy taxer—raising the price of borrowed money in each way< Cities and all the other minor gov ernmental units throughout the world —States, Provinces, counties, town ifAueq tj uo 3ufAvouJO