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While we may admit advances and gains in certain isolated directions, the extra burden is felt in all directions of commerce and industry. And that extra burden is visible through finance--the increased cost of money, the scarcity of capital, the lower negotiability of securities, the greater uncertainty concerning the future. It is by means of the financial reaction that America, as a whole, has felt the adverse effects of this war. There is not a considerable village, much less a considerable city, not a merchant, not a captain of industry in the United States that has not so felt it. It is plainly evident that by the progressive dearness of money, the lower standard of living that will result in Europe, the effect on immigration, and other processes which I will touch upon at greater length later, any temporary stimulus which a trade here and there may receive will be more than offset by the difficulties due to financial as apart from industrial or commercial reactions.

The only mode now of maintaining communication between Rome and Thurii was by sea; but this was virtually forbidden by a treaty which the Romans had made with Tarentum nearly twenty years before, in which treaty it was stipulated that no Roman ships of war should pass the Lacinian promontory. But circumstances were now changed, and the Senate determined that their vessels should no longer be debarred from the Gulf of Tarentum. There was a small squadron of ten ships in those seas under the command of L. Valerius; and one day, when the Tarentines were assembled in the theatre, which looked over the sea, they saw the Roman squadron sailing toward their harbor. This open violation of the treaty seemed a premeditated insult, and a demagogue urged the people to take summary vengeance. They rushed down to the harbor, quickly manned some ships, and gained an easy victory over the small Roman squadron. Only half made their escape, four were sunk, one taken, and Valerius himself killed. After this the Tarentines marched against Thurii, compelled the inhabitants to dismiss the Roman garrison, and then plundered the town.

As though the new spring-life were too plentiful to find room in the frogs and toads already existing, it calls for more frogs and toads; and new creatures are born to share the extra vitality. Like the flowers and the fish, the frogs, too, give forth new life. Within them, too, the miracle is performed. The tiny eggs of the one wake up and begin to grow. The tiny living bodies in the fertilizing principle of the other also wake up and begin to grow. But higher life is better guarded, because less prolific. The frog and the toad lay but few eggs as compared with the fish. Fish eggs may drop under the stones or float away, and so escape the vital touch of the fertilizing principle. There are so many that numbers may be lost and yet enough remain to continue the family. Not so with the frog family. No egg may be lost. So we find that the eggs of the frog are not dropped singly, like so many shot, but are bound together by a colorless, transparent, jelly-like substance, much like that found in the morning-glory seed, and which like that supplies nourishment to the young life, for the tadpole feeds upon it until he is able to seek other food. Moreover, instinct has taught the frog the need of extreme caution in the act of fertilization. Every egg _must_ be fertilized. As the time draws near for the dropping of the few eggs into the water, the male frog so places himself that the moment the eggs are being laid, he pours over them, one by one, as they fall into the water, the fertilizing fluid.

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