The Bismarck Tribune Newspaper, August 28, 1923, Page 1

WEATHER FORECAST Fair tonight and Wednesday. Slightly, warmer Wednesday. ESTABLISHED 1873 BANKERS ZONING BODY -. TS APPOINTED \ ‘ FOR BISMARCK City Commission Names Seven Men on Committee To Consider Plan For City Growth PURPOSE OF ZONING Authorized by An Act of the Last Legislature to Pro- vide Future Growth of Cities Bismarck will undertake to lay out a comprehensive plan for the future development of the city through zon- ing as authorized by a law of the last legislature. The capital city is blieved to be the first in the state to make a start toward zoning. The city commission, in meeting last night, received the recommenda- tion of the board of directors of the Association of Commerce that a zoning Commission be appointed to consider the matter and to report to the com- smission, with the ultimate purpose of laying out a plan for the city’s devel- opment. Members of the commission urged by the A, of C. were ©. L. Young, chairman; Benton Baker, Chris Bertsch, Jr., J. P. Jackson, P. C. Remington, E, A. Hughes and George F. Will. The commission ac- cepted the recommendation and for- mally named the commission. Under the law the commission shall investigate and consider the question, gha’l make a preliminary report .to the commission and hold public hear ings. Only the action of the commis- sion, however, is final. Puropse of Zoning Cities of 6,000 population or over in 1920 may undertake the zoning plan, the purpose being stated in- the Jardine law of the legislature as fol- lows: * * *for the purpose of prot moting health, safety, morals or the general welfare of the community, the city council or city commission of any city having a population in ex- cess of 6,000 inhabitants by the fed- eral census of 1920, or by any subse- quent federal. census, is hereby em- powered to regulate and height, number of .stories, and size of buildings and other structures, the percentage of lot that may be 80 oc- cupied, the size of yards, courts and other open spaces, the density of population and the location of buiid- ings, structures and land for trade, industry, residence or other pur- poses. Such regulations may provide that a board of adjustment may de- termine and vary their application in harmony with their general purpose and intenty and in accordance with general or specific rules therein con- tained.” May Create Districts It is provided the commission may divide the city into districts of such shape nad number best suited to carry out the purposes of the act and within such districts may restrict the erection, construction, recon- struction or use of buildings. All this may be done, the law says, “in accordance with a comprehensive plan.” The commission may institute proceedings to remove buildings in accordance with the plan “and do- signed to ‘lessen congestion in the streets; to secure safety from fire, panic and other dangers; to promote health ‘and the general welfare; to provide adequate light and air, to + prevent the over-crowding of land; to avoid undue concentration of pop- ulation; to facilitate the adequate provisions of, transportation, water, sewerage, schools, parks .and other requirements. Such regulations shall be made with reasonable consider- ation, among other things as to the character of the district and its pe- culiary suitability for particular uses, With a view to conserving the value of buildings and encouraginy the most appropriate use of land throughout such city.” Fargo Wanted It When the measure first came up in the legislature last winter Fargo was particularly interested in it, be- lieving that the city would grow r: idly and that there ought to be sec- | * tions assigned to certain types of buildings so that the growth wouid be in accordance with the best inter- ests of all. The act was made to ap- ply to Grand Forks afd Fargo, but later amended on ‘request of repre- sentatives of Devils Lake and Minot who believed that every city should undertake zoning while such a plan could be made effective without in- convenience or loss to the city or in- dividuals. ; i The commission, in its meeting last night, also received the report of the traffic committee and. directors: of the Association of Commerce, and the matter was referred to a committee , composed of Commissioners French and Henzler and City Engineer At- kingon. Appeal Risk — . Body Judgments — Judgments obtained by the Work- men’s Compensation Bureau against the Hughes Electric Company for $1,412.61 and the Beulah Coal Min- ing Company for $8,367.20 for unpaid premiums have been appealed to tho, and thi “supreme court. The appes: was from « District Judge Coffey, who found for, the compensation bureau, THE BISMARCK TRIBUNE [auomr ; BISMARCK, NORTH DAKOTA, TUESDAY, AUGUST 28, 1923 ONS _THEIR WORK FINALLY CROWNED WITH SUCCESS Scene in the diplomatic rocm of the State Department, Washington, when ratification of the Five Power Naval Treaty, the Four Power Pacific Treaty and the suppiementary agreement to the Pacific Treaty were Augusto Rosso for Italy, H. G. Chilton for Great Britain, Charles F. recently -eftected. Left to right: Hughes for the United States, Andre de la Boulaye for Franc Masarao Hanihara for Japan. Ratification came suortly after the death of President Harding, at whose instance the entire work of effecting naval agreements was started, CITY CHOOSES RIGHT ROAD IN CIVIC ADVANCE £. J. Smith, American City Bureau Field Worker, Dis- cusses Organization Plan IMPRESSED BY BISMARCK Predicts Steady Advance For The City If It Keeps Work- ing As At Present Declaration that Bismarck was on the right track in her Association of Commerce organization, which he said was fundamentally right, and Hredietiog that the city will accom-+ plish vastly more fan another un- named North Dakota sister city which .has an organization funda- mentally wrong, was made by Earl! J, Smith, representative of the Amer- ican City Bureau, in Bismarck today to. meet directors of the A. of and Secretary Bradley. Mr. Smith’s visit is in accordance with the serv- ice plan of the American City Bu- reau, which reorganized the Bismarck A, of C. Mr. Smith, who said he was no! ulation is herd to find,” | i 4 here to boost but to consult with and ter, radical labor N advise A. of C, directors and mem- | tafget for three gunmen who invaded bers, took occasion to praise the city. a meeting of women garment work- “A prettier city under 10,000 pop- | ers he was addressing last night and aid Mr. | OIL HEAD TO SOUTH DAKOTA Chicago, Aug. 28.—Colonel Rob- ert W. Stewart, chairman of the board of the Standard Oil Compa- uy of Indiana; Allan Jackson, vice president, and other officials, left) last night for Pierre, S. D., at the invitation of Governor W. H. Mc- Master to hold a conference with Governor McMaster there Wednes- day on the gasoline situation. Governor McMaster ordered the public service depots of his state {to sell gasoline at 16 cents a gal- jlon after the Standard Oil Com- pany of. Indiana met his price and later reduced gasoline 6.6 cents throughout the territory served by it. Independents either met the reduction of the Standard or made} smaller reductions, W. Z. FOSTER FIRED UPON; PANIC REIGNS ' Radical Labor Leader Not In-! jured and Would-be Kill- ers Flee Chicago, Aug. 28.—William Z. Fos- leader, was the ‘who fled down a fire escape after! Smith. “You have a great deal of |firing several shots at him, none ofj paving in fine condition, the town | which took effect. is clean_arid it looks as if the paint brush is used regularly; the display windows of the retail merchants are something to be proud of,” he said. “However,” he added, “I don’t give all the credit to, Bismarck. Part of it is because of the western spirit— most western towns are clean and progressive. It would be a shock’ to some to go to the middle-west or east and fing cities poorly kept,” He also declared the city was on the right track in undertaking a son- ing plan. Cities of 10,000. population now are doing work which formerly was con- fined to Chambers of Commerce in large cities, he said, naming city | planning, zoning and traffic regula- tion as among the varioys proje of the smaller cities, Smaller cities now see more clearly than cities of 100,000 saw ten years ago the neces- sity of planning for future ‘develop- ment by zoning the city, he said. Mr. Smith ‘came here from Mon: tana, where he addressed the Mon- tana commercial secretaries’ organ- ization and visited Butte ang Mis- soula, cities in which the Chambers of Commerce were organized by the American City Bureau. He found considerable pessimism in Montgna, id, but asserted that the com- mercial organizations that were do- ing the most work were those organ- ized on the same plan as the Bis- maick organizations, . “Phe Chamber of Commerce ~has ganization,” he said, more needed when times .are bad then when they are good. It is needed when conditions are bad because iv is only through co-operative effort that they may be improved, The same principle applies to cities that caused the wild animals to. come to- gether in time of storms. People must work together to’ achieve re- sults.” 7, é He said that in one North Dakota city, unnamed, there is a commercial organization ‘financed. by members setretary does what work is dene. “Under: the Bismarck plan, he said, the ;membership itself 1» working. ‘The ‘members recognized : civic duty aid, their combined ies will he predicted., Mr. ‘Smith’ also’ was recently in thé south, including Baton Rouge, La,, and Charlestgn,‘8, C, He said con- ditions in the south are bad in some sections, because of six consecutive Boor eae of the cottonerop. The lotton: grower, he said, has been harder bit than the wheat grower. | continued his The three thousand men and wo-} men present who were thrown into a/ panic by the shooting were quieted by Foster and daor-keepers and he address after order was restored. Foster attributed the “elements that are after me” could give the police no clue to the identity. of the men. attack to Diversification Is Found In Cass Co. Fargo, Aug. 28.— If diversifica- tion meang absence of wheat a lot of the farming in Cass-county Is about as diversified as it is possible ‘to make it, according to a letter produce great results, from W. C. Byram of Casselton, to G. G. Gardner, secretary of the Cass county farm bureau. , In reply to recently published articles telling of F. M. Davis of Absaraka as the first Casg county farmer to raise no wheat at all he names seven farmers in.Casselton township: who aren’t raising a grain this year. They are Ed Nesmeier, with 320 acres; George Nesmeler, 320; Belt Byram, 440; Nick Beaner, 240; John Sermer, 160; John O. Bleness, 160 and James Farrell. 320. WENZEL UNHURT IN SPILL Grand Forks, N. D.. Aug. 28.— While returning Saturday from the meeting of the North Dakota Bar agsoctation at Devilg Lake, R. E. Wenzel of Grand Forks, escaped injury, when his auto turned turtle ip the ditch. Ae AUTUMN: TONES Woolen ‘dresses are being-made up in the blond and chestnut’ tones, while evening dresses run to lacquer and copper effects. ‘ but! ‘BELGIANS, IN BRITISH REPLY REMAIN FIRM Teclare Occupation of Ruhr Is Legal and Won’t Cease on Mere Promises URGE PREFERENCE Claim Belgian Should Have Advantage in Reparations At Expense of, England (By the Associated Press.) Paris, Aug. 28.—The Belgian gov ernment in its reply to the last Brit- ish reparations note stands with France on the principal points of contention, maintaining that the legality of the Ruhr occupation ha» been established by the previous ac- tion of the allies and that evacua- | tion of the Ruhr yalley is impos: | upon simple promises from Germany. | The reply given out at the Bel- gian. embassy here this morning dwells particularly upon the justice !of Belgium’s claim to priority in j reparation payments. It points out \that-thus far Belgium has received yonl two million gold marks more than Great Britain. Foreign Minister Jaspar asserts jthat the whole problem of repara- tion and the question of inter-allied debts are definitely bound together and he proposes a new method of procedure in the negotiations, sug- gesting conversation’ among the al- lies “without reverting to the ola system of conferences,” Mr. Jaspar remarks that if a re- duction in Germany's debt is neces- sary the balance she is obliged to pay ought to apply in material dam- ages only. This might be under- stood as meaning the elimination of PHONE RATES |REMARKABLE GAIN IN TRAFFIC OVER MISSOURI ON NEW BRIDGE IS SHOWN BY COMPARISON WITH FERRY TRAVEL IN BFRECT IN STATE HELD O.K. State Railroad Commission, in Decision Today, Decides Them Not Unreasonable MAY BE MODIFIED Subject to Change in Case of Individual §Exshanges, Chairman of Board Says Rates charged by the North Da- kota Independent Telephone Com- pany and the Northwestern Bell Company, operating together 95 or more exchanges in the state, are not unreasonable when eon- sidered as a whole, by the state railroad commission in a decision handed down today. The decision follows a hearing on the commis- sion’s own motion in which it in- vestigated the telephone rates. “The commission indicated that this proceeding was for tee pur- pose of determining the operating revenues and expenses of the tele- phone companies in this state as a whcle,” the decision says. “We, therefore, do not pass upon the reasonableness of all rates in and of themselves, but believe that we can pass upon the rates of individ- ual exchanges or special classes of service to better advantage by special complaint by interested parties or by the commission, up- on its own motion; and the order herein should be entered subject to modification as to specific classifications, rates and exchang- es upon complaint of interested parties, or upon motion of the Commission if further investiga- tion so warrants, a complete schedule of rates, rules and prac- tices as now in effect having been filed with the ‘Commission and ;made a part of the record.” The: present rates have been maintained through federal court injunction issued September 8, 1921 in which existing rates were increased. The opinion today ap- proves the rates as laid down by the federal court. It was emphasized by Chairman ‘Milbollan that the decision of the commission affected the telephone companies as a whole and is sub- ject. of modification in individual cases. GOVERNORS IN PLEDGE'O AID U.S. FURL BOSS Would Cooperate to Prevent Suffering in Eastern States During Coal Strike MEETING IN NEW YORK New York, Aug. 28—(By the Asso- ciated Press)—Governors and gover- nors’ representatives of the anthra- cite consuming states conferring here pensions from the allied claims on Germany, thus reducing the British share to an infinitesimal percentage. POOLSOON ~ WILL GLOSE Swimming Season Probably Over at End of Week — : The municipal swimming pool pro- bably will be closed at the end of the present’. week. Approaching cool! weather, particularly the evenings, has caused a sharp shrinkage in the number seeking the pleasures of the pool. School opens next week which’ will further tend to decrease the number using the pool. Ié is pro-! bable, however, that the water will be left in the pool and if there is a warm spell within the next two or three weeks that Would cause a de- mand ‘Yor \use of the pool it will be opened, according to the attitude of members of ‘the’ city commission, who discussed the matter last night. Attendance at the pool this sum- mer, it is’ belicged, will break all previous records, WOMEN LAWYERS OF NATION MEET TO - DISCUSS RESPONSIBILITIES TO PUBLIC Minneapolis, Aug, | 28.—-Women legal lights from all parts of the ‘United States” were “here today to complete the formation of the Na- tional Association of Women Law- ers.’ Responsibility’ resting upon’ the trained minds of American’ women lawyers in building ap national and international idealiam and ip solving problems facing the world today was emphasized by Miss Emilie Bullowa of New York, president of the or- ganization, _ A uniform marriage and divorce law through ‘an amendment to the United States Constitution giving nounce thi | Pinchot, concluded today adopted a resolution submitted by Governor Cox of Massachusetts pledging fullest cooperation with Federal Fuel Administration Wad- leigh in his efforts to supply the country with fuel in the event of the threatened suspension of anthra- cite coal mining September 1. Answering a call set out by Presi- dent Coolidge the state officials met with Federal Fuel Administrator Wadleigh and James Bryden, presi- dent of the Bituminous Operators’ Association. Mr. Wadleigh, it was said, was to present ‘for their -con- sideration a plan drafted at Atlantic City last July. © MEETS OPERATORS Harrisburg, Aug. 28.—(By the As- sociated Press)—Governor Pinchot’s second dey of intervention in the an- thracite coal si ion brought him into executive session with spokes- men for employers in the industry which is threatened with a shut-down September 1. Miners’ union offigials who have issued notice to miners to work at midnight August 31 explain- ed yesterday the regsons that have actuated them in refusing to proceed with wage contract negotiations and today he was to get the employ side pf the question. —_—_— CONCLUDES MEETING Harrisburg, Pa., , Aug. 28—Gov. c today the first stage of his mediation in the anthracite wage controversy which threatened to tie up mines Sept. 1, in an executive session nearly three ‘ hours long he: “heard the spokesmen of the anthracite oper- ators who explained to him why. they have to offered arbitra. tion to satisfy union demands. The miner representatives he saw es y. : a oaguin ‘at. the conclusion of. the meeting the governor was silent as ito the ussion. He did an- later in the day he: Congress power.to pass such legisla-| would see both sides again and tion will be urged at a mass méets ing to be held with the convention, i tonight in: connection ” Weparately. ‘Observers thought it ble at y (Goutinued of Page Two) f Traffic over the Missouri river here has more than tripled in the last year, since a $1,500,000 vehicular bridge replaced the old’ferry boat, a check of traffic for two days over the bridge reveals. The traffic on these two days exceeded the greatest day the old ferry had ever known. On August 20 there were 845 motor cars passing over the new North| Dakota Liberty Memorial bridge be- tween 6 a. m. and 10 p. m. Of th’s number 390 were east bound and™4’'s | were west bound. Qn August 21 thei were 1068 cars and trucks passing over the briage, of which 616 were east bound and 552 were west bound On the first day 73 of the cars bore license numbers of other 6 while on the second day 83% were foreign cars, The check was made by employes of the state highway commission, working in relays at the job of count- ing the cars. The counting will be repeated during the Mandan fair. The greatest day the old ferry had ever known was when President Wil- son visited the city a few years ago. On that day 800 automobiles were taken across the Missouri, according to Capt. I. P. Baker. An ordinary day probably would see 400 motor cars crossing the river on the ferry, he said. Since the count of the highway commission was from 6 a. m. to 10 Pom. and a large number of cars passed o ‘er the bridge after 10°p. mi, the traffic neross the river on the bridge probably i three to four times as great as when the ferry was the only means of transportation: There was some rain on both days the count was made. The check of foreign cars also gives an idea of the heavy tourist travel, there being an average of 75 foreign cars each day for the two on which the count was made, or at the PRICE FIVE CENTS DER FARMER AID WOULD BOOST ‘WHEAT PRICE BY SALES PLAN Former Baltimore Banker Advocates Trade of Farm Products on the War Debt COMMITTEE IS NAMED Resolutions to be Drawn Up By Representative Bank- ers, Others of North- \ west rate of about 2,400 cars a month. The figures are regarded by engi- neers as valuable in calculating road improvements, since it indicates the amount of traffic that should be ex- pected, TRADE VOLUME IN NORTHWEST REMAINS HIGH Seasonal Declines Not Great Enough in July to Disturb The Balance, Report Says DEPOSITS INCREASED Kanking Conditions Are Somewhat Easier, Says Ninth Federal Reserve Report Minneapolis, Aug. 28.—The total volume in nearly all branches of trade and industry is above the level of a year ago, says the monthly re- port of the Ninth Federal Reserve ; District, Minneapolis, issued today; and covering the month of July. There were seasonal decreases in trade during July. ‘ “The outlook for new business may | to some extent be estimated by a consideration of projected building activity as shown by building per- mits and by stocks of merchandise on hand,” says the report. “The building permits increaseg in valua- tion more than one-third during the e | large on. the first of Au month, which coupled with a small seasonal decline in their number, it: | creased the average building permit considerably for the month, These permits have kept up the volume which prevailed a year ago.” Bank Deposits Larger. . Banking conditions in northwest- ern cities at the end of July showed a somewhat easier situation than at the end of June, for, while loans in- creased, there was a more than cor- responding increase in demand and time deposits and a considerable de- cline in borrowings, the repert con- tinues: “In the balance sheets of 27 se- lected member banks in the larger cities of the district, loans increased one and one-half millions during the four weeks ending July 25. Demand deposits increased almost two ana one-half millions ang time deposits increased two and three-fourths mil- lions. Borrowings from this Federal Reserve Bank declined almost two millions during this period. At the same time there were declines of nearly two and one-third millions in government deposits and almost one million dollars in security holdings. During the two weeks ending August 8, these same banks experienced decline in loans equal to the increai during July and demand and time deposits remained about the same in an as at the end of July although there was a decline in. demand de- posits ang an increase in time de- posits, Borrowings from this bank declined a further two and three- fourths millions and security holdings were reduced one and three-fourths millions. “Savings deposits at Minneapolis St. Paul and Duluth were about as ist as on the first of July, The total was 12 per cent larger than a year ago, Some Marketings Increase. With regard to agricultura}-condi- tions the report says it is difficult to make an estimate at this time, be- cause threshing is just now under The report continu “The prices of farm products at terminal markets declined during July but thete were notable excep- tions, such as the increases in prices of hogs, calves, corn and barley. Pos- sibly the continued discussion and itation regarding agricultural con- ditions has depressed sentiment to such a point that present prices may indeed reflect a rather pessimistic conclusion regarding prospective market conditions when all crop re- turns become known and production La in other countries has eventuated, “It is interesting to note the vol- ume of current agricultural market- ing, which is a reflection of produc- tion, when compared with the aver- | Pemb' age for the. past ten years. The vari- ations shown by present conditions (Continyed on page 7) Prize Offered For Dance Device New York, Aug. 28.—A device to be worn by dancers to keep their heads in the proper positions and their bodies the correct distance apart is wanted by the American Society of Dancing Teachers, and to this end prizes of $100, $50 and $25 were announced today at the opening of the goclety’s 46th an- nual convention. With the fox trot and {t svaria- tions holding forth almost excl ively on the dance floor nowada: the society 18 also out for a new dance rhythm an dis willing to pay $500 to: its inventor, according to remaene R. W. Vizay, of Milwau- ee, step and what-not steps are offici- ally in the discard and Mr. Vizay says somebody should be able to devise a, satisfactory. five-step, seven step or’ some other step to relieve the monotony, DENY PREUS — SERIOUSLY ILL Reported. Mayo Physicians Called to Summer Cottage St. Paul, Aug. 28—Reports that Governor J. A. QO. Préus was ser- iously ill at the home of Charles J. Johnson of Grand .Marais, where ihe is spending a vacation, were denied today by Mr. Johnson over the long distance telephone. Mr. Johnson said that the Governor and Mrs. Preus were out and would not return until late this afternoon. Reports received at the state capitol teday were that the Gover- nor was suffering from an attack of heart trouble superinduced by hay fever and asthma with which he has been afflicted. Reports said physicians from the ayo clinic had been called to attend the Governor. This report Mr. John- son said, probably originated be- cause of the fact that a group of Rochester physicians were spend- ing a few days outing there. Booze Valued At $10,000 Is Taken Sherwood, N. D., Aug. 28—Ca! dian authorities raided the Is Sawyer farm north'of here on the Canadian side of the line and seized booze and equipment valued at $10,- 000 it is reported. A large quantity of silks and other goods were also seized. American authorities are working on the theory that the goods had been stolen and traded for liquor. ° | The Weather For Bismarck, and vicinity: Fair tonight and Wednesday. Slightly warmer Wednesday. For North Dakota: Fair: tonight and Wednesday. Slightly warmer Wednesday. ‘ General Weather Conditions Fair weather prevails ‘from the Rocky Mountain region westward while showers occurred at most places from the Plains Stat astward. Cool weather prevails throughout @he Re- gion. -@ Road Conditions The roads throughout the State are mostly in good condition. North Dakota Corn and wheat Stations. High Low Preci. Amenia ... +. 81 48 .06 PC BISMARCK . +. 82 56 cl Bottineau . 719 Bowbells . Devils Lake Dickinson . Dunn Center . 0 PC ve y 62 0 Ch} oby: Oris W. Roberts, Meteorologist. The one step, two step, half|* | between us and a proper relationship Fargo, Aug. 28.—Prepared to use the influences of tl rican Bank- ers Association if ni ty in order to obtain congressional relief if thot be decided as the logical situation in the present wheat price crisis, hun- dreds of farmers and bankers of the Ninth Federal Reserve district em- bracing the ates of Minnesota, North and South Dakota, Montana and parts of Michigan and Wisconsin meeting at the State Agricultura’ College here, today began a session calculated to bring about a definite Program of aid by bankers of the Northwest to farmers in their pres- ent crop difficulties. While a number of representatives of the banking and farming interests were explaining the general situation this morning no. definite proposals, were placed before the convention during the. morning session. The meeting was expected to last all day, according to F, A. Irish, local bank- er, in charge of arrangements. Committee Named Just before adjournment this noon committee wi pointed to formu- je a definite plan of action to lay before the convention. The commit- tee appointed consists as follows: B. H. Otis, Madison, Wis.; represent: tive ‘of the American Bankers Asso- ciation, chairman; C. Larson, of the South ‘Dakota Agricultural Collegé, M. R. Porter, Minot; Joseph Kelly, Devils Lake; A. J. McInnis, Valley City, president of the North Dakots Farm Bureau ‘Federation; F. W. Peck, director of the extension divi- sion of the Minnesota’ Agricultural College; “A. C. Kopperud, presider* of the South Dakota Bankers Asso- ciation; Walter: Reed, Fargo; J. J Early, Valley City, banker; J. | H. Shepperd of the North Dakota Agri- cultural College. ‘ Matching every dollar spent (b= the alliéd countries on farm products in this country with cancellation of a.corresponding amount of their war debt to the United States is contem: plated in a plan presented to th« conferenée. George H. Stevenson, farmer and former president of the Federal Land Bank of Baltimore, presentec the plan to the conference which was called to “decide upon a definite tangible plan of assisting in bring- ing about relief for the grain grow. ers of the Northwest.” Plan For Sale Mr. Stevenson presented the plan “as a solution for relief of the American farmer in connection with adjustment of the allies’ war debt and reparations problem” and set it forth as follows: “That the government of the United States make a proposition to our late allies who are indebted to us in excess of eleven billion dollaze that for every dollar of farm prod- ucts they buy from us our govern- ment will credit their debt to us by a like amount.” “The price paid for instan ir the case of wheat, to be the Liver pool price, plus tariff differential of 30 cents per bushel, less transporta- tion costa. “This arrangement which should continue for’a series of, say from five to ten years, would result un- questionably not only in @ prer.tu » for our exportable products but also provide a means by which our allie can wipe out our war obligation . to us, thus removing another barrier to our isolation, for it is a fact that this indebtedness in a measure «}. nds to all Europe. “Its effect is both flected in exchange and psychological inasmuch gs indebtedness alwa; is arrier to the best relations’ of mc and nations. This plan might well br extended to Germany on a basis c* the allies’ debt to us for purchase of all agricultural products by German~ in consideration for a like amount being applied upon the German rep ition debt by the allies, . ‘Such a plan should appeal to both American and British bankers to onomit as re- lies as the means of getting under way a liquidation of at least a pai of Europe's stupendous debt. “Be it understood that in advancin~ the akove plan it is believed that none of the nations now contributing: to the world supply of. agricuita products will be injured through summation >f such agreement. Two Propositions “First, it must be. assumed thot Europe in the future a» in the past absorb our surplus agricultural pred- ucts at the world price: . eb “Second; all: nations will profit di- rectly through an adjustment of the allied debt question contemplated un- der this plan. te 4 “Purther it ts. well to keep in tain. the above