EST 1883 of Harper's Magazine NEVER A DOLLAR'S LOSS TO CLIENTS This has been our record in handling Real Estate Gold Let us send you Pamphlet "F" and current offerings RUST companies contributed by far the largest amount of this huge increase and in view of the fact that many of the largest institutions joined the system for no particular advantage to themselves, but to strengthen the banking position, it seems only proper that the Federal Reserve Board should take note of their reasonable requests when the time comes to determine the safeguards which should surround banks. which have been granted fiduciary powers. Such powers were exercised exclusively by trust institutions until the enactment of the Federal Reserve Act. But some States which seek to maintain the sanctity of the fiduciary companies expressly prohibit banks which have no equipment for such work from exercising the privilege. The law is not clear in some other respects, and in consequence the Federal Board is seeking an amendment, to grant trust powers to national banks in such States. THE great success of the trust com panies, even when such institutions engage both in a banking and trust business, is due primarily to the fact that the two departments are separate and distinct, and the trust department is surrounded by unusual safeguards. Trust funds cannot be employed in Fiduciaries the same manner as bank Safeguarding the deposits. Investments must be made upon a different basis and legal questions are constantly arising which require the careful consideration of persons qualified to dispose of them. In consequence the Trust Company section of the American Bankers' Association through its President has written the Federal Reserve Board requesting that in granting trust power to national banks "such restrictions should be imposed as to segregation of funds, and their investment, capital requirements, examinations, and deposit of securities with some approved depository as will correspond to like requirements imposed upon State banks and trust companies exercising similar powers in the States in which the national bank is located." The request appears reasonable and should be granted. When writing to advertisers kindly mention Harper's Magazine "WHEN SPRING UNLOCKS THE FLOWERS ΤΟ PAINT THE LAUGHING SOIL"-HEBER Painted for Harper's Magazine by Elizabeth Shippen Green PUBLIC LIBRARY ST. JOSEPH, MO. PAGODAS AT TA-LI-FU ERECTED TO THE SPIRITS OF THE WIND, EARTH, AND WATER IT Traveling Toward Tibet BY ROY CHAPMAN ANDREWS In charge of the Asiatic Zoological Expedition of the American Museum of Natural History is somewhere in the vast plateau of Tibet and Central Asia north of the Himalaya Mountains that the earliest remains of primitive man will probably be found. From this region came the successive invasions which poured into Europe from the east, to India from the north, and to China from the west. The migration route to North America led over the Bering Strait (then land) and spread fan-wise south and southeast to the farthest extremity of South America. Doubtless there were many contributing causes to these extensive wanderings, but one of the most important must have been the movements of other mammals from this great distributing center. Primitive man was a hunter, and as the game moved upon which he Copyright, 1918 by Harper & Brothers. All Rights Reserved. lived, so did he follow. Thus to the anthropologist and zoologist alike the Central-Asian plateau is one of the most important regions of the earth, as it is also one of the least known. When the Asiatic zoölogical expeditions of the American Museum of Natural History were projected in 1915 it was with the ultimate purpose of exploring this vast, almost unknown, region. Before undertaking a project of such magnitude a certain amount of preliminary work was essential, and for this reconnaissance the first expedition left in March, 1916. Its white members consisted of Mr. Edmund Heller, my wife (Yvette Borup Andrews), and myself. A Chinese interpreter, Wu Hung-Tao, with five native assistants and ten muleteers, completed the personnel. Mr. Heller, a collector of wide experience who was one of Colonel Roosevelt's assistants on his African hunt, largely occupied himself in the trapping of small mammals. Mrs. Andrews, the official photographer, was especially fitted for her position through an expert knowledge of color photography, which, together with motion pictures, formed an important part of that phase of the work. My own efforts were devoted to the management of the party and the hunting of big game. This preliminary expedition was for the purpose of making a general zoological reconnaissance, and especially for the collection of mammals, so that no efforts were directed toward a scientific study of the native tribes or the ethnology of the region. The success of any expedition is due in a great measure to the efforts of its individual members, and it is a pleasure to acknowledge my personal indebtedness and that of the American Museum to Mr. Heller, Mrs. Andrews, and Wu Hung-Tao for their faithful and efficient service. The region chosen for the initial expedition was Yun-nan, the most southern and western province of China, which is bordered on the northwest by Tibet, on the south by Tongking, and on the west by Burma. Yun-nan might be likened to the ocean in a furious gale, for ninety per cent. of its surface has been thrown into vast mountain waves which divide and cross one another in hopeless confusion. Because of its extreme southern posi |