Richmond Palladium (Daily), Volume 92, Number 306, 23 December 1922 — Page 7

THE RICHMOND PALLADIUM AMD S UN-TELEGRAM, KiCriAxUiND, bAi URDA 1)&C. Z6, Vd-.

EUROPE IS NEAR END o OF ROPE IN FINANCE, SAYS MARK SULLIVAN (Continued from Pae One.) wait nd take advantage of better prices. The farmer also needs money for the planting of his crop and for the purchasing of fertilizer and machinery. The lire stock farmer has still a further need for access to credit lasting over the two or three years daring which bis product is. so to speak, in process of manufacture. For thi sort of borrowing, the farmer either has no access whatever to credit, or, when he does get credit, pays abnormal and intolerable rates oE interest. It is for the correcting of this con

dition that legislation is now sought

by the new group which 6peaks for tho farmer in congress. They ask that the government snail give authorization and aid for the setting up of cer-

, tain machinery for credit analogous to the Federal Reserve banks and the

Farm Loan banks.

In this demand there Is nothing radical and nothing even unreasonl-

able. It is an ungenerous and unwiso

sentiment which, in some quarters, either is, or affects to be, startled by

this demand on the part of the farm

ers. This emotion is not shared in Washington. On the contrary, the

need is recognized and admitted, and

the disposition to be helpful is practically universal. Nature of Credit.

It Is true that something depends

on the precise nature of the credit

machinery which is to be set up,

Some of the more extreme representatives of the farm group have

put their proposal in a form which could Justly be described as radica. One of the plana would Involve pater- & nalistic experiment on the part of

the federal government, in which .the government should actually go Into the business of buying and selling farm commodities.

These extreme measures are not

looked upon with sympathy by the

majority of the entirely reasonable men who compose the farm bloc. The legislation they ask for is sound and

legitimate. It Is true that the form

in which it is likely to be passed finally will call upon the government

to advance the fifty or one hundred

million dollars necessary for the init

ial capital. But this capital, it is pro

vided, shall be returned to the gov

eminent in due course out of the

profits of the new institution. To Pass Legislation. Some legislation of this sort will

be passed and the needed Institutions 1

will be set up. This will be practic-j ally a complete fulfillment of the 1mmediate legislative program of the new group so far as that program affects business. The Interesting thing to observe will be whether the setting ud of this new Institution will work such a cure of the present unhappy fanning conditions as will take away from the farm bloc its chief reason for existonc. The probable answer is "no". The farmer will be helped to the extent that he will be put on the same basis -as other businesses in his relation to the country's reservoir of credit. But the troubles that beset the farmer will not be permanently cured un til two other things shall have been brought about. For one thing, the farmer must learn the difficult business, of co-operative selling. In thi3

respect, also, he must be put upon the j same basis as other businesses. As respects this, the only thing ths government can do for the farmer is to give him whatever authorization is needed for the creation of co-operative Belling agencies. There will still remain the necessity for finding leaden with the peculiar talent required to manage these selling agencies efficiently. There will also remain the equally difficult business of maintain-, ing solidarity among the farmers, of teaching them to accept the limitations inherent in co-operation for the sake of its benefits. One final thing remains among the

steps necessary to make the farmer

comfortable. He must find, or rather, there must be found for him, a foreign

marKei ior his surplus goods. It is

because of the falling off in the pur

chasing capacity of Europe that that ten or fifteen per cent of the farmer's products which are ordinarily sold in

Europe have this year been dammed back upon him and that the prices for

iarm goods are abnormally low.

It is clearly the privilege of the far

mer to expect that whatever administration is in power In the country shall accept responsibility for so managing the country's relation to the world that our foreign markets shall be normal. TTila hrfntra im hnrlr to wharft we b-

gan, namely, the state of Europe and the necessity for changing that condition for the better.

This relation between the state of

Europe and the resent state of

American farming has been brought

pretty vigorously to the farmers' attention lately. If the theory is sound and if thft farmer ffecerally comes to

believe it is sound, we may see during

the coming year some stming cnanges in the fnrpie-n noliev of the ReDUbliCan

party pressed upon it by what is at

the moment tnat party s most aggressive faction. Copyright, 1922, by the

new yore Evening rosi, inc. EVANGELIST GETS 13,000 T.TA.CA ri(n TWwv 2.1 Dr. W. E,

Blederwolf evangelist, who conducted b fiva.wao&s' samniden hwe. received

$3,000 in free will offering the last day

of the campaign.

Middleboro M. E. Church

Services Are Announced MIDDLEBORO, Ind., Dec. 23. The

following church services are an

nounced for the Middleboro Methodist

Episcopal church by Rev. L. F. Ulmer, pastor: Sunday school at 9:30 a. m.;

PHFVRni FT Tour - Ninety I

i bw-u-i TOURING $195.00 Down Balance $34.61 per month. E. W. Stetahart Co. 0th & Sailor Sts. Phone 2955

RICHMOND GRINDING CO.

Guaranteed Quality and Service Henley Bldg. N.16th & R.R. Ph. 3452 Cylinders Reground. Pistons, Pins and Rings Fit

rehearsal for Christmas program at 10:30 a. m.; Christmas exercises at 7:30 p. m. A Christmas offering will

be taken at this meeting for the Near! begin January 1

East orphans. Prayer meeting will be held Thursday evening at 7:30 o'clock. The revival meeting at this church will

Just the Same Good Old Fashioned Wish A Merry Christmas and HappyNew Year

EDMUNDS, Optometrist

10 North 9th St.

Our Sincere . Wishes for a Merry Xmas and Prosperous New Year

CAMERAS

512 Main St.

We Wish You A Merry !, Christmas The Saxaphone Shop ; Colonial Annex S. 7th St. ;

FOR XMAS Electric Sewing Machines and sewing machine motors. LACEY'S 14 S. 9th St. Phone 1756

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Give Accessories This Xmas i We Have a Complete Stock i 3 i

I Richmond Tire Service I Cor.' 11th and Main

To the Owners of Wrightland Homes

My friends and. those who have sa kindly assisted me in making Wrightland such a beautiful addition . I wish you all

A MERRY CHRISTMAS AND A NEW YEAR OF PROSPERITY

Edwin G. Wright, Owner

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233

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Wishing You A Merry Xmas and a Happy Year for 1923 Baumgardner's Clothing Store 1027 Main St.

The friendship and patronage you have extended us are worthy, indeed, of our hearty thanks and best wishes, as well as our every effort to rightly serve you throughout the coming.year. FERD GROTHAUS 614-616 MAIN STREET

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To Our Host of Friends and Customers

and all others we extend this little message of Good Will and our wish for your happiness now and in the days to come.

NEFF & NUSBAUM and their SALES FORCE

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We wish to express our thanks to our customers for their patronage during the past year and wish all A Very Merry Christmas AND A Happy New Year

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718 MAIN STREET Richmond's Only Cash Price Credit Store QUALITY MERCHANDISE PAY AS YOU WEAR

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Our Sincere wish to j all is the Merriest of Christmas and Joy- I I ous New Years. I

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Mather Bros. Company

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Christmas Joy To Our Multitude of Friends, Patrons and Public in General

We extend our thanks to you for the liberal patronage you have accorded us in the year just ending. We wish you a Joyous Christmas and a very Happy New Year.

Adams Confectionery 624 Main Street, Richmond, Indiana

We could not wish you more than this, long years of restful peace and bliss and many friends to love you; God's blessmg on your fireside warm, safe shelter always from eacli storm and Freedom's flag above you. Cordially Yours, ROMEY FURNITURE CO. and Employes 920-926 Main Street

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