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A fertile state one county in one year recently produced crops valued a million dollars in excess of the crop production of New Hampshire ... Arkansas is not wholly an agricultural state. She possesses valuable timber stands, important oil reserves, coal deposits, iron ore, manganese and phosphates, with numerous other manufacturing materials. She has producing, and great potential, hydropower facilities. She has even a genuine diamond mine... the only one in North America.

These resources are now being used. Industry is moving Arkansas-way. This

state already possesses large paper mills,
an auto-body plant, furniture factories,
important textile, lumber and wood-work-
ing plants; she produces asphalt and
other mineral products; and turns out
airplanes.

...

...

With her multiplicity of cheap power resources hydro-electric, natural gas, oil, coal and lignites with excellent water and rail facilities, with 73% white population, Arkansas can support an industrial center comparable to the celebrated Ruhr Valley.

For years, Caldwell & Company has been closely allied with Southern progress and has helped in the financing of the many developments extending southward. Suggestions for investors who may be interested in sound, attractive Southern securities will be made upon request.

"We bank on the South"
CALDWELL & COMPANY

310 UNION STREET, NASHVILLE, TENN.
Chicago Detroit、Cincinnati、Kansas City St. Louis、Louisville、Jackson
Chattanooga Memphis Knoxville、Greensboro New Orleans
Birmingham Tampa Jacksonville - Dallas

ROGERS CALDWELL & CO., INC., 150 Broadway, New York

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of Rocks Hotel, Pari

For Tariff apply to HOTEL CECIL, LTD., 425, Fifth Ave., New York, or the principal travel agencies. EMPIRE HOTELS The South-Western Hotel, da Southampton. The Empire Em Hotel, Bath The Valley Lynton, N. Devon The Granville Hotel, Rams gate, Kent Bushey Hall Hotel, Bushey, Herts, near London Bailey's Hotel, London, S.W.7 The South Kensington Hotel, London, S.W.7 The benefits of perfect organl sation-so essential to real comfort-are felt immediately "Empire Hotel." Illustrated Tariffs of any of the above Hotels will be sent post free on application to: EMPIRE HOTELS, LTD., 425, Fifth Avenue, New York, or the principal travel agencies.

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in cooperation with AMERICAN EXPRESS COMPANY Red Star Line, No. 1 Broadway, New York; American Express Company, 65 Broadway; or offices or agents of either company.

Preat Lakes, Canada

California-North West-Parks-Europe
Bermuda Steamer-Rail - Bus-Hotels.
Tickets anywhere. Send for Booklets.

UNIVERSAL TOURS

LEHRENKRAUSS

TRAVEL AGENCY

359 Fulton Street, BROOKLYN, Ν. Υ.
AND WESTERN

NORWAY MEDITERRANEAN Cruise, ss "Lancastria,” June 30 52 days, $600-$1300; Lisbon, Spain, Tangier, Algiers, Italy, Riviera, Sweden, Norway, Scotland, Berlin, (Paris, London). Short Cruise, omitting Norway, $475.

Jan. 16 Round the World Cruise, $1000 up Jan. 30 Mediterranean Cruise, 66 days, $600 пр Frank C. Clark, Times Bldg., N. Y.

SOUTHRICA!

TOURIST AMERICA!

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