The Bismarck Tribune Newspaper, February 22, 1921, Page 2

a . * sidered the ‘market too high. + er market, = as! Armour aid Livermordito sell mil- 4 hardly changed.” > ball, and * bushels of phanttom grain, Mr. Barnes | - ity of even restricting the operations | , Of speculators without greatly any » of the exchanges had been directly re- - MINNESOTA SEEK SYSTEMOF G St. Paul, Feb, 22.—Julius i, Barnes off Duluth, former director ot United States Grain corporation and general- ly recognized as the foremost author- ity on grain marketing in this country is in the Twin Cities as a champion of hanges; in-| the present organized ex sttiutions which he held faulty in some respects but nevertheless the most efficient commodity selling agen- cies in the world, Speaking before an audience of| more than 500 persons. in Minneapolis most’ of them delegates to the annual} meeting of the Minnesota Grain Deal- ers’ commission men, he: urged that the grain trade itself take steps that will enable a farmer to finance his fall; operations through a system of ware-| house receipts. Appeals to Senators. Such action, he indicated, would | make it possible for the farmer to es- cape a Sellers’ market, inevitable un-) der present aranagements, Barlier in the day jhe appeared be- fore the Minesota senate agricultaral committee and pleaded that bills be-) fore thet body which are designed to} eliminate gambling in foodstuifs be de-| feated because their passage. he gaid, would strike af the very foundations on ° which the pWesent. grain marketing machinery has ben built from prac-) tically nothing to a positon where they | give the reatest public’ service inl our whole economic structure.” ' The burden of Mr. Barnes’ argument! before the, senate committee was ‘hat to submit the exchdnges to rigid reg- ulation would eliminate the present | “business conscience” which stimu-) lates a sense of fair play. Those who did not_agree with hint said his pdsi-| tion could be summed up in the words, “Let us- alone.” Clashes With South Dakota At’ the close of Mr. Barnes’ that the legislation be defeated, offer to answer questions led to ¢ oul { plea! his! siderable spirited debate, the standing Yeature of which was aj clash with J. E. Kelley, St. Paul. for-: mer South Dakota resentative jin Congress and for many years a pro* ponent of co-operative marketing the Liverpool quotation, oh the cost of getting it therg: charg- ed that at one time before tle United States entered the war wheat was sell-| ing here for 30 cents under what’ it): would have been had that rvic held true. Oats, he said were not within 10 to 15 cents of that theoreticai price. , “What's the answer?” asked. i “The angwer is,” replied, Mr. Bary “that the statement is not true. > such—” Mr. Kelley} “Big Money” Offered. “It is true, Mr. Kelley declared forcefully, “an@\I can prove it by Chi- cago Board of Trade figures. I'll bet) you, $1,000 I can.” i 5 “Nevertheless,” continued Mr.) Barnes,.“it is not trae, and while bet-/ ting never will settle this ques fion, Tllvagree to explain any set of figures which may, indicate such a condition or I'll give $1,000 to aay charity you may name.” T. E.’ Cashman, on the, legislative committee of the Minnesota Farm Bu- reau federation, which ig backing the anti-gambling bills, asked ‘Mr. Barnes if he did “not believe thatthe out- spoken gambler could ‘be’ ‘seperated from the legitimate trader or even the speculgtor. / “We are after the gam- _bler, not the speculator,” Mr, Cash- man said. Mr. Barnes replied that he did mot seé how it-could be done, as sith a proposal would ask speculators to car- ry the risk during thé marketing sea- @on and at the same time prevent their selling at ‘other times when they con- Defends “Short Selling.’’ ‘Mr, Cashman gave spetial ‘consider- ation to the farmers’ complaint that the price of )cash ain is pounded down by ‘the gale’ o: ind.” ‘“)Do'you thnk" it ‘advisable to permit such men lions and millions of bushels of the- oretical grain ; rain that does not: even exist?” In_his answer, Mr. /Barnes pointed out’ ‘that’ all’ such’ grain had to be bought back and that the process of evening up trade’ resulted in a strong- “The infustice, as I see it,” Said Mr. Barnes, “jg, that at such times, ow2/ ers of actual grain,often are obliged | Gn defending | ice, lve said that had demonstrated up of future sales browght on higher markets. “We have! had an upturn’ of 25 cents,” he said, “and the market at Liverpool has ‘to, lose’ their equ the short sellin the last ten di how the evening Terms It Minor Evil. | Senator ‘Magnus Johnson’ cf ‘Kim-! W. Gillam of Cottonwood | also participated in the discussion. In auswer to ‘Mr. Johnson's question as} to whether he defended the practice | of selling millions’ and milliozis ot! | replied that he looked on it as an evil, | but a minor one; in view of the great service the exchanges gave. He would not admit that there is any possiDil- aging the hedging privilege, iy Mr. aBrnes held that the operation sponsible for rural prosperity in this| country, because it has given produc- ers a steady market for theis products. | Deals in futures and. hedges, he said,| are primarily responsible ‘for the low), ‘trade tools,” that are taken. In justi- fication of the present marketing ma- chinery, he pointed cut that whereas butter is sold on a basis pf around 10 per cent, grain is handled for about 1 per cent. Rail ‘Case Held Example. In arguing against rigid regulation, he cited the railroad problem as an example of whats happeng when a government attempts to administer to business beyond the point where fair play is assured. “ag fair-minded men,”’ he said last night, ‘we mist seek improvements that will aid the producer. He needs all the help he/can get. Confusedly, he feels that he has not an adequate ‘jafluence in marketing time or place. In fome sections, under guise of the co-operative movement, he is seeking by combination to so control the flow! association who, were attending | the ‘country can a banquet given by Minneapolis grain} to restore to th | and weigh every. | 1 hope to see the grain trade set up” {| becom | He said w STO REFORM | RAIN MARKETING Sof farm’ produgts that farm’ combina: tions may d te the price. Tt is net in fe national interes ¢ that prices on Mhy standard commod- ity shall ‘be dictated by any com nation. It’ is also not in the public interest (hat solve:.t farmers shat ve {forced by ‘financial considerations to market their, products ainst their {own judeiengyf by wise steps they ! can be pat i position of measura- ble fon srdanca, Urges Trade to Take Action. “Tt seems to me that by a few wise | steps’ the present grain fi able degree of independence. It seeins to me also that this is a time to reason among ourselves and +o carefully con sider every proposed legiglativ: tion administ®tive act. by its own initiative, a national ma keting council, through which it wiil be able to discuss with prod} s im: provement to,extend our present eco- nomic system and at the sz time satisfy the human /impalse for fair play. “T believe that’ it'is possible to com- plete an bidipaeeren under whic try elevatcr will extend its tha ft with the right to ship ity stored grain to“larger terminals and deliver therefore storage tickets, that the country storage could be enlarged so that a farmer could haul at any;time, These storage tickets easily could be obtained by some method of © guar'- antee or insurance which would make them negotiable anywhere. This would automatically enlarge the pro- | ducer’s borcwing ability by extend} ing his credit beyond his local bank- er. So obtained, these tickets would sueh secure evidence of own- hat it would automatically set mapetitive buying beyond the vator issuing them.” Favors Aiding Europe. \ } Mr. Barnes opened his address with a discussion of the problems of ‘he present, taking the position tat the ocean ‘which once carried American products to all parts of the world is not a barrier to the disorganiza?ion hat prevail: Europe and elsewnere. x had wrecked the founda- ustained the social and industrial Jite of 490.600,009 veonle. nd America could either shut itself up through a system of tariffs to await the time for those suffering peo- ; ership up a cl single ele’ ions which a helping hand, own interests as well. He said that if foreign exchange was at its normal rate at present. every busiel of wheat in Ameri would, be worth 85 cents more than it was when the low {'pint was reached last fall. Only by helping those who are less fortunate than ourselves, he said, can we escape the digorganization that prevails abroad. “It- will require all’ the American resourcefulness, cou age and energy to escape\impending | tl disaster. Increased product is J needed, but even that will be ineffec-' tive unless along with it goes good distryition. © °~ Ridiculous-Pounding Charge. He ridiculed stetements that the § graih trade follows the practice of; pounding down prices when the’ move- ment was on. and then,sold the sur- plus So obtainetk at # higher’ price. Taking a period of six years, omitting the time when the grain corporation | was in control, he said that had such a theoretic surplus been sold in J uary, the theoretic Joss to the opera: tors would have been $52,500,000. ‘This los would have steadily increased, he’ said,* through February, March, April | and May and by wane would haye+ reached. $186,800,000. 4 Ben F. Benson, president tof the Min: | nezpolis Chamber of Commerce, said | his organization proposed in the fu-" ture to oyercome a faili-.g that it had had in the past; that it would take | he public niore into, it confidence. 1 60" Fumed Oak Buttet. If you want something good call at 618 Sth Street./ ~ _ ASK Your Grocer For_ Boippiy yo Breed BARKER BAKERY | WHEN YOU ASK FOR re BUTTER 4 NORTHERN Bs president of the Phi Delta Theta sorbed law and a of the North Dakota Farm “Bureau | ll fraternity; Mason; member of nu- | tics. Béfore he wa Federation in Fargo: \ |= merous clubs ia Indianapolis and | cinct committeeman. and at 23 had “Five dollars “Stays in the county) SS = elsewhere. made a losing race for \prosecuting | to We spent directly by the.county == | ° ' (N. E. A. Staff Special.) attorney. ‘| organization in carrying out-any prq-; Sy a Indianapolis. Feb. 22.—Tkere seems Honors Come Fast. > | gram of work adopted by the mem-| 35, — to have ben only one event in the life] After that ‘politic! hopors came bers. The ramaining $5 goes’ to. the = The ‘rst Nationa Bank os “ = = =... : —— 2G»: Bismarck, No.: Dak. = {= j \ = — {4 = es s - \ = = x | = = “ Ebtablished 1879 * = = \ = = ‘ = = The Pioneer Bank = So = eS ————— TELEPHONES AND TAXIES: ‘ARE FIRST AID TO NEXT ‘pos GENERAL He was i coun shalehian! ey disteict chairman, next Jndiana state chairman, ayd finally na- tional © Republican — chairman — the youngest may ever to hold that étlice, ) Hays has two chief aides in “poli- ticking,” the’ telephone and the taxis) cab.” When Bell invented the telé-. phone A have had Hays in mind. _'Hays drops'into the office of a gOv- ‘Srnor. political leader in the mid- dle or far west. Some argument’ comes ~ up during the conversation about what, say Elihu Root had said on some sub- ject relating to‘the party. Does. Hays / argue? Not he. Me puts in a long’ ~ distance call for ‘Root at Washington, - ar elsewhere and settles the matter. Bit Indianapotis, his, table in the Severin agtel dining room was furnished. with | Whien-Hays spent consilerable time! 4 | All Mothers Will F ind Use For This Laxative : Give Dr: Caldwell’s Syrup ‘Tepsin to a \ constipated! child and note its i auick recovery. N 2 growing family the subject of thought wth the parents is how to kéep the children Wealthy, and happy, and what fo do when they become ill, Most illnesses of: childhood are the symptoms of constipation, ‘such ag headaches; coated Tongues, flatulence, dizzinwss, Toss of “appetite and sleep, biliousness,etc. You-can.surely fegl safe in doin, what ‘Hays, Jr., 5. tend obatipusandes ‘others do wit! good ‘resuNs, so give, according to the age of the child, a small quanfity offDr. Cald- well’s Syrup. Pepsin. Eight’ million bottles were bought last year at drug stores. » It is. America’s favorite family remedy. for. constipation, indigestion andsimilar ills, and is especial ‘suitable for children, women and_old folks as ~ it ig so mild and gentle in action. There. is noseerct “about Dr. Cald _ Wells Syrup Pepsin. It is combination Egyptian Senna aydsother simple 1ixative herbs with pepsin and, picasant tasting aromatics. Druggists have sold it for thirty years, anda sixty, cent botffe will last for months. Experienced mathers are never without it in the house. ja long distal ays phone and he talked | with Chicagd and New Pere between! bites, | ™ ’ Taxis Everywhere. matter how short the distance to 30. Mays rides in a taxicab. > He ob faye taxies from the state ‘house in Indianapolis,” to tho Severin, five blocks away. And fine chances out of ten he writes, part of.a speech Or} a letter on ‘tie way. F When the recent, inyestigation of national campaign, expenses was on| - some “indiana wag seid he was not sur- prised—‘“no aobbt ‘Hays’ ” taxteab . bills}, during he campaign. amounted ie hua dreds of thpusands.” Hayes is @ member of the law ‘firm of Hays and ‘Hays ulliyan. For many years he has tau, nt? a class of boys at! the Presbyteriap” Sunday school ;i 4} Sullivan anid some timeag) was meade . - coat = 2a elder, of that ‘church 9 D “He « was gradjatedfrob. Wabash = For HERS FRIEND college ‘in 1900 with a BA degree and Usep. By Taree GENERATIONS | received the dégree of . in dt Lincoln didn't t getmuch more out Watcz Por BOOKLET ow MOTMERHOOD amo tee BABY, rece BMAOFIELO REGULATOR Cow 17 S-D. ATLANTA. Ga. 74 Send me ¥ dress and Iv trial bottle of my Syr Pett. Address me Dr. W. B awejl, 513 Washi Monticllg, Mlin body now and t laxasive, and ie the best.’ Write state organization and ee approximately. as follows: National Farm Bureau fees ae man“and wife .... Subscription to State “Far oa reau. News x! Expenses of campaign an to carry out state program of we B59 of his bi thday, tha! Hay has, tor it was on Feb..12, 1914, that owas n Republican state chairma 1 + aad Fou. ». 12, 1918, that he blyean national chair. 2 fn? Years an hysie ph av bean him to take up golz i. ais bas played fiye tins snc! »3 is recreation caous.. Mr. and Mrs. Will Haylie E , HAYS’ HIGH SPOTS. _ ~ (AGE—41, BIRTHPLACE—Sullivan, Ind. EDUCATION—Wabash College. PRO ESSIUN—Lawyer. “ef <\cor. UMBIA PHONOGRAPHS* _ COLUMBIA RECORDS \_ON EASY TERMS IF DESIRED fs natjonial~ Republican man, ‘Who ‘is: slated for Postmas- ter Gengral—in President “Harding’s cabinet, that has not ifsome way been| FEI ¥ 1 connected ‘with politics, - a { WIFE— Miss Helen Louise | That yas his birth. bei ‘le Thomas, married in 1902. h He was born on the day aftér & What becomes, of the ten done fee; 5 = CHILDREN—One, Will H. | tion; Nov.-5, 1879, making him 41. Glee: But pad by the he member's of the Farm, { COWAN' iS) DRUG STORE he ‘cast his first vote on cis birthday. | Bureau in “North Dakota? The fol- |“ . : lowing response, to “this. query. has Hays spent: much of his boyhood in aes been received from the headquarter: REILIGION—Presbyterian. his father’s Jaw. office, where he ab ORDERS—Member and national SFIDILICIFIDAITLAITGAIRLMII IE AL TIMI GIIU aePa OIRTLRE NLU a ~ Thave ke my new, Musie Bia at 214 Main street, Bis- i Es - Coil and sph $300, 000, 00 oe’! i= ; imarek Cand wish to exté nd to every one an invitationyta, call. “4 ‘ j ( . Ree 3 5 A? +t <> and gee my stock. The e Baldwin Pjano- I. will feature THE BALDWIN! PIANO; the finest <Bjano 2 . made in America today, and which has the Highest 1 Honors! ~ ever. ‘bestowed on ‘any piano. ¥ = < = = a =. e ee rT The Matinalo Player" Piano. 6 That i is all but I haan you pie it from the pedals. as the _ Artist plays from the keys. 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