Evening Republican, Volume 22, Number 296, Rensselaer, Jasper County, 10 December 1919 — Page 3

NOTED LAWYERS DEFEND FEDERAL FARM LOAN ACT

McAdoo, Hughes and Wickersham Appear in Kansas City Court as Champions of Land Banks, Which Have Given Farmers $300,000,000 at Low Interest Rates.

America's system of rural credits was upheld in the federal court in a suit which questioned the constitutionality of the law creating federal land banks and joint stock land banks. Charles E. Smith, a stockholder in the Kansas City Title and Trust company, brought suit to enjoin this.corporation from purchasing the bonds of these banks, contending that because these securities are exempt from .federal, state and local taxation, they were issued In violation of the Constitution of the United States and contending also that congress had no authority to create such banks. Judge Van Valkenburgh gave his decision immediately at the close of the arguments, holding that the law is constitutional. An appeal was taken and-the case will now go to the United States Supreme court for final decision. The validity of the farm loan act being thus attacked, the government of the United States, the federal land banks and the joint stock land banks became parties to the suit. Mr. McAdoo represented the government as assistant to the attorney general and also, together with George W. Wickersham, attorney general under President Taft, represented the joint stock land banks of which there are now 27. Former Justice of the Supreme court Charles E. Hughes represented the federal land banks.

WHAT IS MEANT BY AMORTIZATION

How the Long Term Credit Plan of the Federal Farm Loan Act Works in Actual Practice. A loan of SI,OOO at 6 per cent interest, repayable in 33 years by means of semiannual Installments of $35, which Includes interest of the principal. * By the use of the following table a borrower can figure exactly how his payments are applied on principal and interest and how much is due on his loan on any installment date during the 83 years. Applied Prin. Instg.il- on Still ment Interest Frin. Unpaid 1 135.00 J 30.00 8 5.00 $995.00 2 35.00 29.86 5.15 989.85 3 35.00 29.70 5.30 984.55 4 35.00 29.54 5.46 979.09 5 35.00 29.37 5.63 973.46 6 35.00 29.20 5.80 967.66 7 35.00 29.03 5.97 961.69 8 35.00 28.86 6.15 955.54 9 35.00 28.67 6.33 949.21 10 35.00 28.48 6.52 942.69 11 35.00 28.28 6.72 935.97 12 36.00 28.08 6.92 929.06 13 35.0 Q 27.87 7.13 921.92 14 35-00 27.66 7.34 914.58 15 35.00 27.44 7.56 907.02 16 35.00 27.21 7.79 899.23 17 35.00 26.98 8.02 891.21 18 36.00 26.74 8.26 882.95 19 35.00 26.49 8.51 874.44 20 35.00 26.23 8.77 865.67 21 35.00 25.97 9.03 856.64 22 35.00 25.70 9.30 847.34 23 86.00 25.42 9.58 837.76 24 35.00 25.13 9.87 827.89 25 35.00 24.84 10.16 817.73 26 36.00 24.53 10.47 807.26 27 35.00 24.22 10.78 796.48 28 35.00 23.89 11.11 785.37 29 35.00 23.56 11.44 773.93 30 36.00 23,22 11.78 762.15 31 35.00 22.86 12.14 750.01 32 35.00 22.50 12.50 737.51 83 35.00 22.13 12.87 724.64 34 35.00 21.74 13.26 711.38 35 36.00 21.34 13.66 697.72 36 35.00 20.93 14.07 683.65 37 35.00 20.51 14.49 669.16 38 35.00 20.07 14.93 654.23 89 35.00 19.62 15.38 638.85 40 35.00 19.17 15.83 623.02 41 35.00 18.69 16.31 606.71 42 85.00 18.20 16.80 589.91 43 36.00 17.70 17.30 572.61 44 35.00 17.18 17.82 554.79 45 f 35.00 16.64 18.36 536.43 46 35.00 16.09 18.91 517.52 « 35.00 15.53 19.47 498.05 48 35.00 14.94 20.06 477.90 49 35.00 14.34 20.66 457.33 60 • 85.00 13.72 21.28 436.06 51 35.00 13.08 21.92 414.13 52 35.00 12.42 22.58 391.55 53 35.00 11.75 23.25 368.30 54 35.00 11.05 23.95 344.35 55 35.00 10.33 24.67 319.68 56 35.00 9.59 25.41 294.27 57 35.00 8.83 26-17 268.10 58 35.00 8.04 26.96 241.14 59 35.00 7.23 27.77 213.37 60 35.00 6.40 28.60 184.77 61 35.00 5.54 29.46 155.31 62 36.00 4.66 30.34 124.97 63 35.00 3.75 31.25 98.72 64 35.00 2.81 32.19 61.53 65 35.00 1.85 33.15 28.38 66 29.23 .85 28.38 ~ 32,304.23 81,304.23 81,000.00 ......

BEST WAY TO HANDLE MANURE

Fertilizer Should Be Hauled .to Field Soon After It Is Made and Spread Over Surface. Barnyard manure often contains great quantities, of weed seed and if thia manure is left near the surface of the ground it will doubtless be difficult to keep this cornfield clean. In order to get the most'good out of the manure it should be hauled out to the field* soon after it is made, and if it is hauled out in the winter and plowed under In the spring. It will*'probably require less work to down the weeds. “*■’

Fall Plowing Desirable.

Fan plowing la highly dealrabla In many localities.

How Low Rates Are Secured for Farmers.

“The federal land banks are not permitted to charge any rate of interest except that which the board may prescribe, and the rate of interest which the fariner is required to pay may nev er exceed one per cent .in excess of the rate upon the bonds. “If they can sell the bonds at three per cent, the farmer under the terms gets the benefit; he gets it at four and in addition to that pays one per cent for amortization, which would make the cost of the money five per cent, including all of the expenses of the operation of the bank and the one per cent for amortization. g “Now the value of the loan to the farmer is very great. Not only is he assured of his credit for thirty-three or thirty-six years, if he wants it, but he knows that nobody can force the earlier payment of the principal of the loan except upon his own default. On the other hand, if he happens to be prosperous and finds that he has earned enough money to pay the loan before maturity, he is allowed to pay it in full or any part, at any time after five years.”

BEFORE FARM LOAN ACT BECAME LAW OF LAND.

The rate of interest upon land mortgage varied in different sections of the country ranging from 5.3 per cent to 10% per cent. In the New England group of states the lowest rate Is 5.3 per cent and the highest is 6.2 per cent. That Is the average In those states. In the Middle Atlantic states, New York, New Jersey and Pennsylvania, 5.6 to 5.8 per cent. In the East North Central states, that Is the states north of the Ohio river, we will say, Ohio, Indiana, Illinois, Michigan and Wisconsin, the rate was 5.8 per cent to 6.2 per cent. In the West North Central states, from 5.9 per cent to 8.7 per cent. That was In Missouri, North Dakota, South Dakota, Nebraska, Kansas, Minnesota and lowa. In South Atlantic states they range from 5.6 per cent in the state of Delaware, where the rate was lowest, to 9.6 per cent *ln Florida. In the East South Central states, Kentucky, Tennessee, Alabama, Mississippi, 7.1 per cent to 9.4 per cent In the West South Central states, Arkansas, Louisiana, Oklahoma and Texas, it ranged from 8.4 per cent to 9.6 per cent. When we come to the Mountain states like Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona and Utah the rates go up from 8.9 per cent to 10.5 per cent And in the Pacific states, Washington, Oregon, California, It ranges from 7,6 per cent to 8.7 per cent These rates do not Indicate however, the true condition of affairs. Bates of Interest omfarm mortgages were sometimes as high as 16 per cent. Including the commissions that

HER LITTLE TRICK A FAILURE

Situation That Rather Mortified IndL i ana Mias Saved by Sense and Tact of Her Companion. He had come all the way from Chicago, so the Terre Haute young woman was anxious to entertain him tn style. Clad in her best dress she accompanied him to a hotel for dinner and then afterward to a picture house for the afternoon. But her joy had one rap when just before she started away from the home mother commissioned her to buy a pound of cheese while she was downtown. And after she saw the very modish costume of the young man she hated that errand worse than ever. “He’d be provoked if I carried a greasy package along the street home." she thought, “but, still I have to get the cheese or mother will be angry." They left the moving picture house and the young woman told of her next errand —a visit to one of the large department stores. “I have to get some eream and other toilet goods," she said, when they had reached the store. “You wait here and I’ll be back in a minute.” " So while the young man strolled up and down in front of the store, she bought the cheese, having it put into a fancy sack so that the package would resemble beauty preparations. Then, happy over her own ingenuity, she tripped out to meet the gallant “We’ll stop at the drug store for a soda and then we’ll go home,” he suggested. They stopped at the drug store. Carefully the young woman deposited the sack of cheese on the empty chair opposite the young man so that he would not obtain a whiff of Its contents. Placidly she went on with her conversation until some one touched her on the shoulder. “Lady,” a man’s voice said, “that cat has got your cheese out in the middle of the floor.” Horrorstricken, she turned to see a large cat happily eating the large wedge of cheese. She also noticed that her companion had heard and seen the man and the cat. She moistened her lips to speak but he spoke first: ’lf more girls would use such beauty preparations as that,” he said, smilingly, “they wouldn’t find husbands so hard to get”—lndianapolis News.

Hatless M. P.'s

Among the changes noticeable in this house of commons is the absence of the hat when members are in the house itself. Formerly hats were universally worn when members were seated or in the lobby. Only the whips were hatless in the lobby; that marked them out from the others. Now nearly the only members who. still retain their headgear—both glosSy silk toppers—are Mr. Chamberlain and Sir Frederick Banbury. Both make great play with it. Sir Frederick raises his hat when a minister answers one of his questions or when, in the fencing phrase, he is touche in debate. The chancellor of the exchequer takes his off when he rises to speak and puts it on the table in front of him, and when listening to a speaker sits with it well forward over his eyes and his feet planted high up on the side of the table. —London Morning Post

Week of Fasting Advised.

Fayette county, Pennsylvania, physicians are advising a fast of one week to cause a reduction in food prices. The physicians state that anyone above sixteen can fast a week with beneficial results and that a half-mil-lion dollars would bfe saved by Fayette county folks in that time. The physicians suggest that only water be taken in the six-day fast. In discussing the proposed fast, a physician said: —— “Such a fast will positively not injure anyone, I would be willing to undertake a trial fast of a week simply to demonstrate the feasibility of the plan and Its beneficial results physically. Water, of course, is to be taken, but, thank heaven, that costs little. If there are any persons who desire to join me in a trial fast I am willing to start any time.”

Belgians Retain Old Customs.

When the Germans Invaded Belgium, several of thq fleeing families sought refuge in Staten island, New York, says Popular Mechanics magazine, where they have settled permanently, adopting many American ways, of course, but clinging to certain homeland customs which are of much interest to tiielr neighbors. One of these is the use of dogs as draft animals. Dog teams are hitched to two-wheel carts, loaded with milk or vegetables, which are made like hundreds of others to be found in Belgium. The animals wear muzzles of special design, which do not interfere with eating and drinking. A special collar, made in part of pronged egg-shaped units, is used in training the dogs to work.

Recognize God’s Guidance.

The hand of the Lord is to be recognized officially in South Africa. A resolution unanimously passed the 1 provincial council at Pretoria, calling on the government to amend the South African act in such a way that it clearly appears therefrom that the guidance of the Lord is acknowledged in all matters of the Union of South Africa. - .

Boys Discovered Cavern.

Boys 'snoopinc around* at Lock Haven. Pa., found a hole fifteen feet wide and twelve feet deep extending under the state' road near the Clinton Country club. They could hear Water running, and it Is thought that the cavern, unsuspected by those who use the roa?fc had been made by the outbreak of a large spring from an underground stream, „

THE EVENING EEPUBLI CAN, RENSSELAER, IND.

USE IN ADVERSITY

GeneraEy a Wertinj Out of the Law of Compensation. Il' , Undoubted Fact That Opposition or Hardship Tends to Bring Out the Best There Is In Man’s Composition. “I wish 1 could slide tn business as easily as George Seagrave, ’’ said John Nelson, as lie Joined his father in the library after dinner. “What’s up now?” asked his father. “Oh. nothing," replied the son. “only George has just' been appointed assistant general manager of his father’s firm. It doesn’t seem right for a fellow to have an advantage like that given to him, while fellows like tue have to dig for everything they get.” “But that seems to be the way the world is made. John, and the more I see of it the more I’m convinced It's a capital arrangement. I used to feel as you do, but I’ve lived long enough to see a great many things adjust themselves. There is a law of compensation at work, my boy, and no class has all the advantages. It would be a very poor world if we all slid along as easily as George does.’” “What do you mean by that?” asked the son.

“Just this: it takes opposition or hardship, or whatever you please to call it, to bring out the best in us and make us good for anything. You know the old saying, ‘lt’s three generations froA shirt sleeves to shirt sleeves.’ A man goes out tn hls-shlrt sleeves and gets his living, but he decides that his children shall have more opportunity than he, so he gives them an education. The sons make money by their educational advantages, and they pass it on to their sons, who have never known the struggle of acquisition. The sons’ sons go through it. And so the shirt-sleeve process begins again. It doesn’t always happen so, but It happens with suffleent regularity to form the basis of a proverb. The exception proves the rule.” “Yes, but it needn't be so,” replied the boy. “I know that,” replied the father, "but there is enough truth in It to prove what I want to say. Even God himself put the Jews through the process of adversity to whip them into shape. It was only about four hundred miles in a bee line across the wilderness. But God made the Jews take forty years to get to Canaan, because he wanted to toughen them and make them ready for the conquest, when he got them there. The Bible says he ‘led them not through the way of the land of the Philistines, although that was near.’ They would have got there too quickly to stand the hardship. And if they had defeated the Philistines, they would have been unprepared for a still worse enemy; I mean the opulence and plenty of Canhan, “Men are defeated by easy victories and cheap successes more than by adversities. Disraeli was hissed down in the British parliament when he made his maiden speech. But that only toughened his fibre and stiffened his resolve. Grant’s reverses were the school in which he learned how to win his Inter victories. It makes all the difference whether a closed door is a final rebuff or an invitation to battle through. I’m more afraid of a cheap and easy success for you than I am of struggle. If you struggle before you achieve, you will have character to hold you stendv when success arrives. The trouble with many persons is that ihey have no character to go with their acquisitions. It is a case of diamonds on dirty fingers. “Have you never seen an engine pounding itself to pieces on a slippery rail In winter? What It needed was sand, opposition. Friction spoiled progress. Even a kite can’t rise with the wind. It must ascend against it. Don’t spend your time quarreling with the order of things or fretting about some one else’s easy success. An oak grows In the open, tortured by a thousand storms. The hothouse plant never knows the glory of the sky.”—Youth’s Companion.

Russian Bison Exterminated.

What has happened, during the war, to the bison herds of Central Europe? Protected by a ukase of the Czar Alexander, bisons still existed In some private parks of Poland and Lithuania, the last of their kind In Europe. Count Potocki’s herd was kept in an immense park, and for some time was protected by the Cossacks of the Don. But according to a French writer, M. Grandidier, there is no doubt as to their ultimate so e. In 191-7 the bolshevik! thought fitting to include the herd in their policy of extermination. Bisons could not be owned by everybody, therefore they' must be owned by nobody, add so, in the general cataclysm, the famous herd disappeared.

The magpie in Kensington gardens has many friends who attend his daily levee. One of so tender a heart that she conceals chicken bones in her muff for his delight was told that an offering of meabworms would prove Irresistible. Site sought this delicacy, but only to learn that it is now’ unobtainable. For ineal-worm< as an article of birdfate, came from Germany. Most of us will bear with equanimity the disappearance of this strangest of Hunnlsh tfhdes. To the authorities of the Zoological gardens, however, the problem of meal-worm production is said to b? a weighty one still unsolved. —London Chronicle.

Magpie Pet of Public.

FOOD FOR CREW OF AIRSHIP

Mwt Careful Consideration Had to Be. Given to Proper Nourishment of Daring Navigator*. The average housewife would hold up her hands In horror at the thought of cooking and providing for thirty men during a four days' aerial voyage. Yet this was only one of the tasks, ind by no means the most important, which confronted the organizers of the R 34’s trip to America and back, remarks London Tit-Bits. When It is remembered that the men bad to conform to the rigid limitations of the accommodation, the task assumes iven more formidable proportions. While the provisioning of the crew :akes a back place, relatively, when compared with the navigation and »ther scientific arrangements, diet was, nevertheless, a subject requiring the nost careful consideration. The digestive organs, if impaired, react at me* upon the nervous system, and in in enterprise of such a daring character as the flight nerves had to be ■enderly nourished. The medical department of the air nlnlstry was early consulted and defined a menu consisting mainly of neat, bread, cheese, chocolate, tea, eggs, and potatoes. Then came the problem of cooking, ind the R 34 has surely the strangest dtchen existing. Instead of fixing an dectrical or other usual type bf stove, the hot exhaust gases from one of the notor engines were trapped, and led iround a receptacle shaped for boiling »r frying, the heat thus obtained beng sufficient to meet all the requirements. There were three of these toilers provided altogether—one In the 'ore car to hold three pints, and one ’.n each wing car to hold one and a naif gallons. By means of these, soups and hot sustaining drinks were able to be made. The type of flying clothing provided for the crew is another example of the attention paid to detail to give the flight every chance es success. Each member of the ship’s complement was provided with two complete suits of silk underclothing. Over this, woolen gear, similar to that provided for submarine crews and (jlvers, was worn.

The Bolls of Michael’s Mount

Th* pealing of joy bells In the year 1919 has made up for many years of silence in the ancient belfries of Europe. Somebody deplores that on the occasion of the peace the one remaining bell of St. Michael’s Mount on the Brittany coast, should not have been rung. There would have been a certain piquancy in hearing the cling of that bell, the gift In 1711 of the abbot from across the Rhine who, be it said, reigned at the Mount only by proxy. But St. Michael’s Mount is without its , bells; even the abbot’s bell which used to warn and guide the fishermen out on the bay has ceased to ring. The old abbey’s pern was busy Indeed, during the Hundred Years’ War, warning the countryside of the approach of the enemy. In the Revolution the order went forth that the bells should be melted down, but it was never carried out In the intervening years all the bells have disappeared except the one given by the German dignitary.

Deer Increasing In California.

Though the game reserve established ' in the greater portion of the Angeles forest reserve in California, which includes the San Bernardino and Sierra Madre Mountains, has been In existence but two years, wild deer are multiplying rapidly, according to forestry officials. It is believed that within a few years great herds of deer will be roaming the hills. Deer have been on the verge of extermination In the Southern California mountains, but establishment of the preserve Is protectIng the herds. Even now deer often appear along the boundary lines of the restricted area, and at times wander Into cities near the foothills, seeming to be very tame. The forestry service will establish special patrols along the reserve during the coming hunting season to see that the law is npt violated. —Christian Science Monitor.

Good-by, Dibbub.

Figures compiled by the New York sanitary bureau of the department of health and reported by Harry T. Gardner, secretary of the Automobile Dealers* association, show a great decrease In the number of stables, and, naturally, In the numbers of horses occupying them. In 1917 there were 108,036 horses. The most recent figures show a shrinkage of 32.936 horses. Chicago, too, shows a falling off In the registration of horse-drawn vehicles under the wheel tax law. In the four years ended May 1, this year, the number of such vehicles decreased from 49,582 to 32,489. This diminution of about ,34 per cgnt compared with New York’s 1 falling off of about 30 per cent

Publicity Promotion.

"My dear,” said the caller; In a stage whisper, "It came’ to me in strict confidence and you mustn’t breathe, a word to a living soul 1 It Is the mpst sacred communication. Promise me? Well, they say that —” And as she left the house five minutes later she siglled and said to her Inmost self: “Well, thank goodness, now I’ve got THAT published f'

Peace Maneuver.

“You always play the phonograph during meals.” A "Yep," replied Farmer Corntossel. “Tain’t that we care for the music, but we want to do everything possible to keep the summer boarders from talkin’ about the League of Nations,"

MARKETS BY WIRE.

[Furnished by Farmers Grain Co.. H. H. Potter, Mgr.] Chicago, 111., Dec. 10. Live Stock Market. iHogs—Receipts, 23,000; carry over-22,000; top, >13.05. < Carae—Receipts, 11,000. /Sheep—Receipts, 10,000. Grain Market. Dec. corn opened at 142 1-2; closed at 143 1-4. May corn opened at 134 3-8 and 5-8; closed at 134 3-8 and 5-8. Dee. oats opened at 78 1-8; closed at 78 1-2. May oats opened at 80 3-4 and 81; closed at 81 1-8 and 1-4.

TEFFT.

Those attending the live stock show were: Mr. and Mrs. Duggleby, Charles Howard Duggleby, William Jasperson and Ed Albin. They all report having had a good time and seeing one of the best shows that was ever held in Chicago, the corn show alone being well worth one’s time. One ear of corn on exhibition was thirty-seven inches long. Some ear, I think! It was grown in Indiana, which speaks will for the state. Miss Lottie Porter and Miss Delehanty took the train for South Bend to do some shopping. Paul W. Ashby lit out for Rensselaer and returned Saturday night. These flying trips don’t agree with some people, as he was not feeling well all day Sunday. You 'can get your wife, your sweetheart, just the kind of a Christmas present she should have at Fendig’s drug store. Jerry Maloney and Art Anderson have got two new girls. . Saturday night they were seen going east and we can guess who they were for the telephone central was hard to get. How about it, boys? George Goard is home again and for the good of the community and to save coal has offered to buzz all the wood free of charge. All you have to pay for is gab and oil. Boys, don’t give him any rest, for he doesn’t get these working notions very often. How about it, Goar? Henry Tressmer is going to get married soon, as he is wearing an engagement ring. He thinks we did not notice it, but someone spilled the beans. How soon, Henry? Duggleby received a letter from Sam Togie, the lad who lost a leg a few weeks ago at Tefft. He wishes to thank all the kind people who helped the three of them. Many rumors have been afloat that the township would have to pay the bills, but they arte not so as the father of the lad paid every bill, thereby relieving the trustee from using any of the township’s money- Too bad for the boys, but they are all feeling fine now and will stay at home after this, no doubt. The people who lost their bonds are cheering up now, but the fellow who has lots of hogs is in the same fix as the people who lost their bonds—pulling a long face! Feeding >1.30 corn to 12c hogs, how much will he lose? Someone guess. You can’t do it! Guess.

DEMOTTE.

Nick DeVries and family and Ralph and John DeKock attended the live stock show at 'Chicago last week. George Hockney claims he remained at home all day last Sunday. Stub said that the Ladies’ Aid society held a very successful oyster supper last Saturday evening, the receipts being over $25.00. . Orville Spriggs, of South Bend, visited here over Sunday with the Feldman family and his mother. Mr. and Mrs. Fred Koester returned home Sunday from a month's visit with relatives at Lansing, HL Trustee Fairchild says that the DeMotte schools are running nicely this term with all his lady teachers. Carl Enz, who is taking a course of study at Purdue university, visited home folks over Sunday. Ed Arndt returned to Clinton, Ind., Monday after a visit with his daughter, Mrs. Hallett

After you eat—always take FATONIC ■■ ( FOR YOOR AOD-STOMAab Instantly relieves Hearibun,Blas*> ad Gawy Feeling. Stops food souring; repeating, and all stomach miseries. to pteaae or we arifftefaafi mawv, Get aUs bcKtoday. YoewUlaaa. A. F. LONG A SON

Saylt With Flowers Holden’s Greenhouse .