Richmond Palladium (Daily), Volume 46, Number 251, 1 September 1921 — Page 2

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PAGE TWO

THE RICHMOND FAiXADlUM AND SUN-TELEGRAM, RICHMOND, IN D., THURSDAY, SEfT. 1, lyl.

AGRICULTURAL RELIEF BILL NOW AFFORDS HELP TO FARMERS NEEDING GASH ON CROPS

By WILLIAM R. SANBORN The agricultural relief act to be put Into effect by the war finance corporation is of the utmost national importance. It is not merely an act for the relief of farmers, as a class, and to brace the credit of food exporters, it is afl act for the relief of the people of the United States by the movement of our surplus crops to needy peoples abroad and to put the money thus paid out into circulation. The question may. be asked: "Can the war finance folks swing the deal? Can they get. or have they already gotten the cash or government credits needed for the Job?" "

To both these questions the answer is "Yes". So far as the money is

concerned, and all the credit facili

ties required, the finance corporation

is as rich as Uncle Sam. The corporation Is, in fact, the government

itself, under another name.

The relief bill, as is generally known, provides for the loaning up to

one billion dollars to facilitate the ex-1 porting of farm commodities. Hav-! ing- the money in abundance and the stuff to export the next question is the finding of buyers, men not only willing to buy but to be able to make satisfactory guarantees of payment, for it is not our purpose to pay cash for stuff in this country and to donate it abroad. We are to engage in a business transaction of world-wide significance. ' ' Where Money Comes From The war finance corporation has a capital stock of $500,000,000, all subscribed and paid for by the government. It also has power to issue and to have outstanding at any one time, six times Its capital stock, or $3,000.-

000,000. It may further issue notes or other obligations for an additional billion. And here is a most helpful proviso: "Federal reserve banks are authorized to discount the paper of member banks, secured by bonds of the war finance corporation." This entire arrangement makes a vast sum of liquid cash and credits available, throughout the entire country. War-time Power and Functions. The revival by law of ttie war finance corporation simply places that body on a war-time basis. The one billion dollar credit bill does not provide for the use of all the money and credits of the corporation, but does give us the use of one billion for the purpose described, v But the use of this billion dollars does not afford us 2 sure market at a set price, wherever we come into competition with other nations having a surplus. Take wheat, for example. India, Canada, Argentina and Australia all have more wheat than they use at home. If they are marketing surplus crops we must meet their prices, or wait until they have done to market ours, which is out of the question. As to corn, live stock and meats we are in a more commanding position. We can practically make the prices on these items, and this is true largely as to rye and barley for use as

bread. We are also the largest exporter of flour and of corn in the form of meal. Financing the Farmer. What the individual farmer is most interested in is his own financial problems; how is he to personally get money on his crop assets? The first answer to that question Is: '"In the manner he has raised money In the past." The second answer is: "By tieing up with some co-operative body which is legally, economically and financially sound." Such co

operatives can now obtain the same credit facilities as are available to large manufacturing and industrial concerns. This is real progress and Is the result of recent legislation and because of appreciation by the government that the agriculturist now needs and deserves all the help the government can consistently offer. Is Emergency Measure. The agricultural relief act, is a constructive piece of legislation. It rec

ognizes the new conditions in our domestic and international trade. It is designed to assist in financing the carrying of farm and food commodities until they can be marketed in an orderly manner. It cannot be expected that outside nations will be either willing or able to buy a year's supply

from us, as soon as our crops are har

vested, we must perforce hold ana conserve, according to monthly de

mand. It should also be clearly understood that the act is an emergency measure, to meet present abnormal

conditions. A 32,250,000 Loan. Getting down to concrete examples of wnat the new legislation has al

ready provided, we find that proper

merchandising methods of non-perishable products is bringing proper credit facilities. The following amounts have

now been made available to the interests named: Oklahoma Cotton Growers' association, 200,000 bales of cotton, $10,000,000. Texas Cotton association, 300,000 bales of cotton, $6,000,000. California Prune and Apricot Growers, Inc., 25,000,000 pounds of prunes, $1,250,000. Washington Wheat Growers association. 8,000,000 bushels of wheat, $6.-000.000.

Idaho Wheat Growers' association, 2,000,000 bushels of wheat. $1,500,000. Oregon Co-operative Grain Growers, 2,000,000 bushels of wheat. $1,500,000. Montana Wheat Growers' asociation. 1,500.000 bushels of wheat, $1,000,000.

Average Farm Chattel Loans. All of this is good, as far as it goes. It does not, however, affect the Wayne county farmer who has 100 or more hogs to fatten, or has a reserve of old corn, or a lot of cattle on grass or feed, and a wheat crop in his bins. If he puts his grain in a co-operative or other bonded warehouse, his receipts will be available collateral at local banks, which banks may re-discount at federal reserve or farmers'1 loan banks, if desired. A part of this billion dollar fund should in some way be made available in such cases, and of course, will be, in so far as the grains are desired for export. About Collective Cedits. Inasmuch as the collective credit of rural associations is the basis on which loans will be made to such organizations, the latter will be in shape to assist individual members, accorl ing to crops and circumstances. Live stock loan associations will be able to issue their own paper, properly secured by the borowers and endorsed by the association, a? a bankable security. The money having been provided by this billion dollar loan for export, and a $100,000,000 loan fund to help the general farmer, the effects of both bills will shortly be in evidence. Complete plans to make these funds available have yet to be worked out. The Results to Date

The Free Trade press finds little of

value to the farmer in our emergency tariff legislation. One of these papers prints a Washington special stating!

that this tariff bill "has proved abso-j lutely of no benefit to the farmers, and yet it is proposed to re-enact its I

provisions in the permanent tariff legislation."

That Is not a fair statement. In the

first place, the bill has been in effect i

but a short time. Again, the country! was overflowed with products against which the barriers were raised at the time the law went into effect. Take wool and vegetable oils for examples. It will be a long time before our wool stocks will get down to normal especially at present rates of con

sumption or virgin wool, and with

such a tredmendous consumption of

snoaay.

i" irum-m-ia Dries bill, if ever

passed and in effect, -will not only pro

tect Duyers or "woolens" so-called

but will increase the consumDtion of

wool. The tariff will then equalize prices, to a degree, and prevent the dumping of foreign wools at prices which are ruinous to the American

sheep and wool industry.

The outstanding fact in this whole

controversial matter is this: The eov

ernment has a pretty complete grasp of the entire situation, and has been doing whatever seemed best to help

me American agriculturist.

PREDICT HIGH COAL PRICE EVANS VILLE, Ind., Sept. 1. Coal operators here today predicted there would be an Increased price of coal in October or November. Lump coal is now selling here at 21 cents a

bushel, in lots of 100 bushels or over.

CHURCH ADMISSION

WITHOUT IMMERSION

STIRS FIERY DEBATE

WINONA LAKE, Ind., Sept, 1. J

The question of open membership m the China mission field, that is, granting membership without baptism, precipitated the first real fight in the annual international conven

tion of the Disciples of Christ here

late Wednesday afternoon. m ! The question f trst came up at the St. Louis, Mo., convention, last year in connection with, a charge that the Rev. Frank Garrett, missionary in China, had received members without baptism by immersion. Definite action was deferred until this year, and

j the Rev. Garrett traveled all the way

from his China field to defend himself. The committee on recommendations disapproved missionaries who believe and practice open membership and it was when this report came for adoption that the verbal battle was started on the convention floor. Score Open Membership

Rev. J. B. Briney, of Columbus, O.,

dawning if our minister had continued to preach the gospel of Jesus Christ." He condemned admission without immersion as a menace to church unity. Another question which precipitated a fight was that of moving the College of Missions from Indianapolis

to Chicago. The committee recommended a program of publicity re

garding the proposed change of location. Many of those opposing the move feared the report as it was worded might be construed to make the move, and the matter was referred back to the committee. ... Miss Emily Parker, of the First Christian church of Richmond, is attending the convention.

BRITISH DIPLOMAT DIES LLANDOVERY. Wales, Sept 1. Sir Arthur J. Herbert, ex-minister from Great Britain to Mexico, died here yesterday. He was at one time secretary of the British Embassy at Washington. His wife was formerly Miss Helen Gammell of Providence, R. I.

This is the highest Drice on record

for the section. Before the war lnmo i 85

coal retailed here for S and 9

a bushel.

cents

form and declared "the issue of open membership would never have had its

HELP THEM HELP YOCRSELF When you consider the steady, continuous, never-Interrupted work demanded of the kidneys, you do not wonder that they must have helft occasionally to filter and cast out from the blood stream the waste matter that forms poisons and acids if permitted to

remain, causing' backache, rheumatic I ..-... ...! J i .. . ...... 7 I

pallia, SlUL BUtC UIUBLICS, UlAil ness, floating specks, sallowness and irregular bladder action. Foley Kidney Pills give relief promptly. A. G. Luken & Co.. 62t-628 Main. Advertise

ment.

New Yeast Vitamon Tablets Round Out Face and Figure With Firm Flesh, Increase Energy and Beautify the Complexion Easy to Take and Economical Results Quick. Thin or run-down folks who want to quickly get some good, firm, solid -flesh on their bones, fill out the hollows and sunken cheeks with strong.

'hiij usuc nu uuuu up increased enerev ana vitality should try tak

ing two tiny yeast VITAMON tablets with their meals. Mastin's VITAMON Tablets contain a proper dose of highly concentrated yeast-Vita-mines, as well as the two other still more important vitamines (Fat

Soluble A and Water Soluble C) all of which Science says you must have to be strong, well and fully develo p ed.

They seem to banish pimples, boils and skin eruptions as if by magic, strengthen the nerves, build up the body with lirm flesh and tissue and often completely rejuvenate the whole system. By getting the precious yeast vitamines in this concentrated tablet form you run no risk of causing gas or upsetting the

stomach and can be sure of quick, gratifying results. If you are thin, pale, haggard, drawn-looking or lack energy and endurance you will find it worth while to make this simple test: First weigh yourself and measure yourself. Next take Mastin's VITAMON two tablets with every meal. Then weigh and measure yourself again each week and continue taking Mastin's VITAMON Tablets regularly until you are satisfied with your gain in weight and energy. It Is not only a question of how much better you look and feel, or what your friends say and think the scales and tape measure will tell- their own story. IMPORTANT! While the remarkable health-building value of Mastin's VITAMON Tablets have been clearly and positively demonstrated in cases of lack of energy, nervous troubles, anaemia, indigestion, consti-' pation, skin eruptions, poor complexion and a generally weakened physical and mental condition, they should not be used by anyone who OBJECTS to having their weight increased to normal. So rapid and amazing are the results that success is absolutely guaranteed or the small price you pay will be promptly refunded and the trial will cost you nothing. Be sure to remember the name Mastin's VI-TA-MON the original and genuine yeast-vitamlne tablet there is nothing else like it, so do not accept imitations or substitutes. You can get Mastin's VITAMON Tablets at all good druggists, such as Dafler Drug Co., Thistlethwaite, Quigley's, John Fosler.

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The Best Place to Trade I After All I

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The Bank of REAL Service

i 2nd National Bank I

Buttons Covered

Pleating, Embroidery, Hemttitching, Scalloping LACFrS 8 S. 9 St. Phone 17SS

Home-Made Pressed Chicken and Beef It's Delicious STERLING Cash GROCERY A. R. Bertsch, Prop. 1035 Main St

OHLER & PERRY Battery Service Station Recharging and Repairing New Batteries for All Makes of Cars Night Service Until 9:30 1532 Main St Phone 2677

which embody comfort III' with style. . Sni These Fall offerings are truly "smart;" the ' prices are reasonable as always; and as for com;Stft fort when wearing them, one is reminded of U"UkM ' wain in grassy fields. Tfi I ' If you are fitted with a pair of Wessel Shoes, you i 7tif I will readily understand why so many people are our J consistent, loyal patrons. ij , Wessel Shoe Company

A Great Food Discovery From Rameses I to the present time the whole wheat grain has been the most perfect food given to man. It contains in proper proportion all the elements needed for building and sustaining the perfect human body. The problem has been how to make 'the whole wheat grain digestible in the human stomach. That problem was solved by the man who invented Shredded Wheat In making Shredded Wheat Biscuit the whole wheat grains are first thoroughly cleaned (no small, broken or defective grains are used), then boiled in steam. The softened grains are then drawn into filmy, porous shreds, which are formed into biscuits (or little loaves) and baked in coal ovens at a high temperature. This process breaks down the starch cells in the center of the wheat so the digestive fluids can get at them. The mineral salts and vitamines (so necessary to normal growth) and the bran, which is needed to stimulate "bowel exercise," are retained. Delicious for any meal with milk or creaw, sliced bananas, raisins, prunes or other fruits.

I

Thr ee -Way Heailes

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. IT i WARM A R Ik

v K upstairs T 7 S S1

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Demonstration II wlslKV Friday and Saturday I ' y EM5

- COotrJfe?!?$ l jfeTylcOL AIR

Free i v,

Demonstration Friday and Saturday

You Are Invited to See this Wonderful Stove in Operation at our store tomorrow and Saturday. A factory representative will be here to tell and show you the advantages of the MOORE THREE-WAY Heater over all other heaters. If you want to save one-third on your fuel bill, it will pay you to see this stove. HOLTHOUSE Furniture Store 530 Main Street