Evening Star Newspaper, June 14, 1929, Page 30

nnn voted work by many men since Democratie Franklin securities in an effort to divert from the 3 troduced. The bill in its present | of relieving farmers from some local | « o 5 Toren Tefiects the survival of the bost aft- | taxes. ~AS such, the New' York enact- Peaéral Reserve Board as er the acid test of years of acute contro- | ments are a model and inspiration for Critic system to find ways of re- . “There is literally no criticism of | othér State governments. The New Perhaps: the most significant com- of its battie with Thia bill by farm leaders. All the con- k enactments can be summarized as ment heard is in reference to the bank- troversy associated with it .has.been ing operations undertaken byhhm cor- k% about adding an extraneous debenture | The amount which farmers must con- | v Porations whicll have placed luge sums constructh - ) 3 x t to it. tribute to support one-room schools is money on call in New York and ren- | 1 Ao me. clear principle runs.through the | reduced to a final tax of $4 on each dered the situation there beyond the pebie| ORDERS DOGS MUZZLED. : ' ‘|bill. The Government provides' $500,- | $1,000 of farm valuation. All the re-' . 4 . ' gontrol of normal banking machinery, |i; 15 administered from s broad point of i ted to Give ©00.000. But the Government does not | mainder of the cost of all one-room Private Conversation Inti- 'w is expresst e use of | 0! Sy BaEen by Peti Tu § 3 Xpecte 0 engage directly in any function. The |schools is borne by the State out of gen- stockholders’ money to bring about an e o i 34 ieian 8-Year-Ol y y 7. 3 ¥ ~ | money is to be loaned. not given. Re- |eral taxation. It is estimated that this Doubt of C ity to | Atfcial station in Wall Btzoes can| 1t would 1 rprising if out of | L 5 ot Emergency Hospital. *: @peration of Relief Plan peatediy in the Jaw, fe nstitutions o | wil cut farm taxes for school purposes | mates Doubt of Capacity 0 |oniy bring ultimately some investigation the present furry came a study of what % ok gt : set up afe. carefi:iiy described as alf. 2 g Teaso hese Shoal ions Persons perm! dogs. k: 2 . armer-con- v ~ | pluses. and, while the public appeal and | tWeen member banks and the Federal uzzled will b- 1 i Much Attention. N s et tabmein e e Do Handle Credit Situation. < | DR Sasion mode: of iafiuenoing ‘the | Reserve Bank. “Thiere are, fof exampie, | U0 the streets unm S e 4 meraly 38 per cent bf {iie 6ost Was Borns varlous factors in the money situation is | confiicting stetements made as to the U.'S. Provides Leadership. by the counties, in which the taxation not any too popular, it is argued that | reasons for as well as the purposes de- BY MARK SULLIVAN, At the same time, it is not meant | was borne mainly by farms. BY DAVID LAWRENCE. some of the direct pressure used by the | sired by the Federal Reserve Board. N & that the Government shall merely sit | The contribution of counties, which | e twaraly | Federal Reserve on banks in endeavor- | One banker sald he was given to under- After ‘more’ than five years of con- 'paek and loan the money. That is far | mainly are rural, to the cost of removing | PETROIT, June 14.—While ouf ¥ | ing to make them reduce their loans in | stand that the reserve board wanted troversy, - there will be Within & YErY | from the spirit of the institution. The | grade crossings is reduced to 1 per cent, | there is the greatest respect for and | the speculative world might well have | borrowings .reduced by selling _all day: a farm relief methanism. | Government provide leadership. | the balance being paid by the State and | confidence in the Federal Reserve sys- | been applied to the big corporations. | Government securities on hand, while thin a few days more, the mechanism |'ipjtiative, expert judgment and seasoned | the railroads jointly, ri- {-Some of them have publicly announced | another comment from a responsible be tion through e tem these is manifest here in the pri- [that they were not lending their money | quarter was that the board in IerRlly salotid Ty Fopaidee oos | e e ey Tractor Fuel Is Exempt. vate conversations with bankers and | ;') byt many others have remained | tended to force. that liquidation. . Ger- Ver from. & survey of the best avallable | Bresidont. Hoover, and_ i the steady | Gasoline consumed by farm tractors Busiuess | mer, 8 _questiontng -afiisnce | significantty silent. tainly the bankers have disliked it to talent. The common impression is that | stimulus of his own vitality, his eco- | not using the roads is exempted from | ooy - Dollcles, if not the capacity | . WHAL sppears to be the central|the point of resenting some of the i President Hoover has this new institu-| nomic understanding and his business | the gasoline tax. g ot e e RGd. | point of criticism is the bewilderment | tactics of the reserve banks in forcing Z tion very mueh on his mind, that he | axperience. ‘Agricultural co-aperative associations | O, 219 Doard lo deml Wi At i .. | that Tecent policies of the board have & reduction of borrowings. It has led £ will get 1t under way as quickly as pos- | ““Bossibly it should be added, to quote | are exempted from franchise taxes. e Hhe Nation Tas Taced since the | Created something that leads every now | to all sorts of questioning as to what is S a f ho fined re- Mrs. Susan Scott, W] England, for con- B e Fren . sible-and that he will give its operation | Mr. Kincheloe's saving phrase, “The 1aw | The direct State tax on real estate, and then to the intimation that there | and what is not a proper function of the t St 1 & major share of his attention. will_not_rehabilitate agriculture over | inciuding city real estate as well as|“5i . cion of the high money rates & evidently little recognition in Wash- | reserve bank. - All this will in time, no (S n ee :This expectation, accompanied DY | night” It will take time fo set up the | farms, is abolished. reveale that business has mot had any | iDEton -of the practical banking prob- | doubt, straighten iteelf out, but it is hope and confidence. is in the minds of | jmmense and intricate co-operative | The cost for retesting herds is taken ,,’xsmdl_ | lems, and that there is either a lack of | evident that much educational work 1 b the : ts and Republicans allke. As 1| sssoclations. stabilivalion corporations, | (rom-(he-individual daryman and wi | Sumeuiy i getting eredit, accommoda” | gGirahip or o failure 10 assert it on | needs to be done aa between the banks : Here at the Union Trust Company %} Wisput by & Democratic member {rom | clearing houses, warehouses and -mar- | be borne wholly by the State. mur the increased expense, but there is ;he part of those who are responsible | -n;il lh:l:edenl Reserve, and that a vital modern Safe Deposit Vault is lined with mlm:' "0 Belleve the Prutde::t'Ok;tlnm"lhhgfl;i‘hhtlw;h{:‘ il u;::r“;flvidlr’:fldfi::s;l ’f:fi‘ev}’n‘:{“ufi;‘.’%?’&flnfi}? 8 noticeable pessimism .about the pos- n‘z-er?: nf::)fm::' i E‘r’niiw' u:m;lotm:mw:,:nwdflm great plates of torch-resisting and cut- appoint a brainy and sympatheti¢ | Federal bill can do. The net result of It |1t is in this direction, and through ac~-| Sble reaction on business generally of 4 + | without at the same time taking the 1 2 w:gd .m-?u}muurltm;, Jaw. I ljs that this plan n-flpc'i: L:r mldxllm;‘nln | Mori\ by sm; sovemmemx. that the T e thaa snd Manifier by, SHich the ‘Want Board te Aet. g:l.‘n,. “':,"““{,“‘ into complete con- proof steel. at impression in every | st t o rectly i it - “ " o CtalerEate S mave 1w Bim. With | Jor thnming oy the Federal Goverhment,| F e akens | "7 (O"Ard farm relel | sederal Reserve Bank machinery hus | ‘Perhape’, id one banker, ‘it | DUHCE M0 PIELOPY Bartnership - the : Neither flames nor burglars ean get in- T e o et ute: oo cematnt 0. b maid, e s o | T e rowings has come in for & good deal of | things of the Federal Reserve because | Tt is conceded that the objectives of side this armor-plate protection. Boxes T.think that agricultural products will | p|° Yg‘. (,'m,,h'e,.,‘ now be done by the |, Poland produced nearly 40,000,000 | eriticism as well as the dumping on the | of its remarkable record, but we would | the board in reducing speculation have e’ stabifized and that seasonal gluts | varlous State governments. Ingeed, the | (ons of coal last vear. market of many millions of Government | much prefer to have the board make been commendable, but not as much is $3 and upwards a year. :I’fil mot. oceur. * * * J believe this | aid that can be given to (urmershb_v‘ is sound in every particular.” | State governments. is more direct thin Fxpected to Be Hoover's Bill. | the aid that can be given them by the | % 2% paid on Checking Incldentaily, atter all the commotion, | Federal Government. | and the bill that will go to President Hoover } New York Precedent Cited. | " 3% on Savings Accounts #r signature will be exactly the bill he | Next to the enactment of the farm 3 : e B comuiendea in the beginning, not more | relief bill at Washington, the most im- | and not less. portant event in the ficld of help for | This instiiution for farm relief really | agriculture consists of steps taken by | will ‘be impressive. It represents de- | New York State under the leadership of | D y n ! 1] j 1L SGJ;?FY{I_EES'ETNC%NER . - — . . : A 5 *. ANDH STREETS 4800008001 2840000000000080000, 4 NORTHWEST These Saturday footwear values will be especially interg_sting % qhamp.lon i to our famous “Government Girls,” who are planning to nghtwelghts enjoy Summer. . A These handsome shoes for men leave mo doubt as to their superiority. Exceptionally cool and smart, Sale of Women’ % l Roads —asBAL WY ~ arva e P | vet_extremely sturdy, they have a’ fgrfimhr appeal men 8 for all well dressed men. Large selections of sports shoes, Summer-weights and .woven'oxfiitdl. Shoes A special purchase at just the right moment! All sizes in the sale. ters Inspire COLOR Shoes Flowered fabric shoes, aflare with the colors ‘of the Botanical Gardens in Junetime! So ‘many styles! All g Lightweight black or tan calf on French or cus- tom last. Light, flexible, heat-defy- ing leather ° soles and heels. Flor- sheim. 7th & K SWEET.CREAM BUTTER . Only ’-D‘d—fl different in taste . . . and won- derfally: « . Land O’ Lakeés' Sweet Cream Butter is helping thousands of mothers get their children to eat the right foods. The tasteiof fresh, pure swéet cream that makes Land!O’ Lakes Sweet Cream ‘Butter so amas- ingly different from . ordinary sour cream butter makes children ask for more. Just tryit. Unitilirecent years all butter was made from sour eream. Now Land 0’ Lakes farmers «,'hfing their cream while it is still cool and ;sweet to one of the 450 Land 0’ Lakes cream- “m' l;‘vh&re it_i:‘::‘ju:d hm‘:;uner imme- ately, thea enough to bring ont ! the full nich‘flayer and'sent direct to the store 4 thet serves you. Try { this ‘wonderfully different taste in butter . .. the taste of pure, fresh sweet eream. Order Land O’ Lakes Sweet Cream Butter and test it in your own home. Land O’ Lakes is today the most widely used Sweet Cream butter in America. uvwm‘mnwuvwmwmn; White calf with black wing tip and heel stay. This has been the pre- dominating sport shoe for many. There are many other good num- bers to choose H 2106—Junior Misses' Sport Wal | from. All Hahn Thif Sl Sk S T T e T Spocial. ; calf with black calf trim. i §ius 2V, to' 7, $5.00 S s R e e e e e a s i i i $ { b § i b | i i i : Sites T 10 134, $2.95 ; H 3114—Misses' and _Junior . Misses' Sises 1 1o 6, $3.65 ed ok v o 3;'.:"’” Nehe H 523_Hahp Special. Velt” erepe rubser sole. T ik for “lives ‘ana 9 > . . ! g - ) ;.un 2113 to 27, :.;'49.?5 . izes 117 , $2. izes to B 1¢'s GOVERNMENT Certified R S L iRl In every of Land O’ Lakes Sweet - 5 e Cream Butter you will find a Certificate of Quality | R A il e o pustian oot i, Wobber -tb::li’“ MT":Q United States Department of ; . Sole 'and heel, Goodyear weit. Agriculture. s certifics that your butter has " i been officially graded by the United States Govern- - ( Sizes 1 to 61’ $3.65 ment and its quality is 93 score, the highest ik Sizes 1210 13 /29 ’2.95 Gosernment score of any widely distributed butter. . i Men's ;v.o ven 7 H 366Woven Sandals made in Queche- i rted . oxford. Make dhis SIMPLE TEST in Your Home RN i e X s : Sarael esudic o You con canlly prove thet Land O’ Lakes Sweet Croam Butter “ g " ¢ pairs at a special B R tERe: s ete thss tias) gelinary: v, spmess ' Sizes 6 to 2, ’2-45 Y > priee.eajmt when wanted, You’ll love the SWEET CREAM TASTE A Splendid Hosiery Sale Full fashioned silks. All-over silk sheer chiffon or service 7th and K and ; :‘ : weights with square or pointed sl.ls heels. Per pair.... On Sale in Washington Only at : “Sanitary” | 3212 14h : 'Piggly Wiggly Stores } o gt 4 Women's Shop, 1207 F 166006000600 0004009040094000944 3212 14th . : i ’ 7th & K o900 00000b 0007400909094 004400404000000000 3 \eeeee