Grand Rapids Herald-Review Newspaper, August 6, 1913, Page 5

3 epics WeraidsMReview Published Every Wednesday pc igen oo ee ee By KILEY © SPENCER TWO DOLLARS A YEAR IN ADVANCE Entered at the Postoffice at Grand Rap. ids, Minn., as Second Class Matter. Official Paper of Itasca County THE DROP IN TWO-PER-CENTS Two per cent government bonds, used exclusively as the foundation for national bank currency, have The ation cannot afford.to pun | the risk of turning over so_yitala thing as its financial system toa private interest capable of so treas- onable an act as that which sec- | retary McAdoo charges against the | big banks of Wall Street. There should be a public senti- ment on this question so strong | and. ageressive that it would be | unsafe for a senator or represen | tative to return home who either | voted against the passage of | currency bill or who voted to | amend it so as to.turn the ma-| dropped to 95 1-2—a new low re-|chinery it creates over to private , cord. William G. McAdoo, secretary of |vate profit at public expense ~-la year. As a barometer of the fu- the treasury, charges that this “bearing” of government bonds is due to a deliberate conspiracy on the part of a number of the large Wall Street banks, and that it is a part of a plan to defeat the ad- ministration’s currency measure This is a serious chargé, but Mr. McAdoo is not the sort of man to make it without being sure of his ground. The big banks of Wall Street are out in the open, now, fighting the! currency bill. This lends support tc the McAdoo charge. Another thing that strength- ens it is ithat as the bill now} stands there is not the slightest possible reason for the decline in the price of these bonds. No bank holding such bonds is to be in- jured to the extent ofadollar by} the passage of this bill. Twenty, years is to be allowed to retire the two-per-cents, and in the meantime they are still to be use- ful for the purpose for which they were issued. They are to be re- deemed at par by the government. But there is a more important angle to this incident than appears on the surface. ‘ a The chief reason why these banks oppose the Wilson currency plan is that the machinery to be | heen a vast improvement in the created by the bill is not to be turned over to private interests to be operated for private pro- fit. It is to be treated as a pub- lic service, and the government :s to retain complete control in the public interest. That's why the |Teady begun in the Southern lim- Wall Street banks are opposed to the bill. But— Could anybody imagine a more convinecings demonstration of the need that the public should re- tain control of the banking and currency system, through govern- ment, than the New York banks give when they conspire to un- determine the credit ofthe United &tates in order to gain their sel- fish ends? What hope for the people, or for the nation itself, would there be if the government were foolish enough to create an efficient banking machine and then turn it | over to private interests like these traitorous banks of Wall Street to go joy-riding in? Congress should pass bill. : It should pass it at this ses- | sion. In that bill it should provide, so certainly as to put it beyond quib- ble or mistake, for government con! a banking }ished and will approach a record "| situation is improved. interests to be operated for pri- | ——~a—.. Veeco tertestectecetectectecettectestesemtortereegt BUSINESS AND CROP REPORT » Reported by the First State $ | Bank, Grand Rapids. VP oeoctonte re aoroctoctoetostontoeeetesleste | Compiled July 28, 1913. Officers of the First State Bank, commenting on business and crop conditions, say: “The most important develop- ;ment that marks the mid-summer ; period is the pronounced optimism |that exists in the country finan- cially, commercially and agricultur- ally. Fundamentally the encourag- ing tone is the result of improve- ment in the money situation; not that it is noticeably easier but there is every indication that the world- wide credit strain has passed the} “peak” and this has also removed the rfear of a serious money strin- gency in the fall when crop moving demands will be heavy. Another gratifying change in the | last month has been the remark- able betterment in the crop pros- pects of the Northwest. The end of June found the large area of small grain in the two great producing areas of the Dakotas impaired by drouth. The damage, according to the last government report, being severe,, especially in South Dakota, }and while the aggregate wheat, oats) and barley production is not likely to make liberal yields, there has promise. An unusually perfect Jul: climatically has brought along thin weedy and stunted crops so favor- ably that millions of bushels have been added to the June promise, bringing the total to a fair harvest, at ieast. Cutting of grain has al- its of the belt with the quality; high and the yields better than anticipated. The winter wheat harvest is fin- production of excellent quality. Farmers have marketed freely and have found a broad domestic and export demand for their wheat. It ; is particularly gratifying that for- eigners are showing so great an interest in our wheat surplus as it will be fairly large. European importing countries promise to be free buyers at our seaboards and another year of liberal agricultur- al exports is foreshadowed. While the Northwest has en- joyed cool and showery weather during July to its agricultural benefit, the corn belt of the south- west has had to undergo the strain of excessively high temperatures | which, on account of dry soil con- ditions, damaged the crop to some | extent ina limited but important urea. Rains the last few days have brought tardy relief but removed | the strain so that at present the | “The cotton crop is holding its own farily well but it has yet the crilical. month of August to go through. Drouth has been an ad- trol of the machinery it creates . {verse faetor but there has Attacked with a Pitch Fork No one hurt and no legal proceed- ings will follow. other make. H. D. P The case is one where Bill Jones attacked a straw stack with one of our Keen-Kutter Forks Bill says it is the best fork he ever used, and hereafter he will buy no Ee paid us 75 cents for it snd we will sell you one at the same price. been OWERS enough scattered precipitation over the belt to give temporary relief, al least with the prospects of bet- ter climatic developments. Texay with its enormuus acreage would sveleome heavy rains as the state is beginninng te show the need of it. In Georgia and South Carolina there has been some relief from the diy weather. As a depressing price influence in the cotton mar- ket much emphasis is laid on the >ider” to the tariff bill which ta future contracts and unless ‘the Scuth is exerted to force its repeal the mechanism of the mar- ket cotton will be badly deranged. The stronger tone to the stock ‘market has every indication of be- ing a more substantial turn for the belter than has been suggested in ture, it shows signs of discounting general business betterment.” McGUIRE TELLS THE STORY OF HIS SUCCESS Continued from First Page. against the time when it could be cleared and put under the plow. Clearing cut-over land is a slow and expensive process, as every pine-land settler knows to his sorrow. He generally gets discour- aged before ‘he can clear enough land to yield him, in the form of field crops, a meager living. My plan was a reversal of this order, and my motto was: Start with the milk pail instead of the ax, with the cow instead of the plow; make the uncleared land carry the bur- den of keeping the family and pull- ing the stumps. “Again, I was located in the heart of what you might call a milkless territory. The pine coun- try had never been strong on cows; but its woods swarmed with lumber camps and the great iron jie 7 NESDAY, AUGUST 6, Some have—but those that have not are legion. “What was the big money-getter of the crops? Potatoes. He has made his soil yield, under practi- eal field conditions, 396 bushels of good marketable potatoes to the acre. And he didn’t spend a>dollar for commercial fertilizer to pro- tduce this yield. “He did it all with barnyard manure—and plenty of it. His careful cost-accounting system shows that these potatoes were produced at an expense of not quite 1% cents a bushel. “Our farmers, he remarks. can make good money from potatoes at 25 cents a bushel—but we're thank- ful that we don’t often have to sell them at that price. “Sheep on this pine land farm has been fcunt decidédly profi- table. The books show that their wool has paid for their keep and that the lambs have been a net ‘profit—to say nothing of the clearing and fertilizing services of tthe flock. “Clover is the keynote in the process of soil building—the rota- tion being oats, fodder, corn and potatoes or field roots. As a hay crop, clover is a mainstay, on this sand farm. “In 1912,’ says McGuire, ‘our yield of medidm re® clover was five tons to the acre—three tons from the first cutting and two from the second. Clover just fits this soil—in fact, we find it growing wild. Anybody who thinks that Jand producing clover in this way is not fit for profitable farming has another guess coming. “And this same despised and un- promising soil has been made to yield as high as 32 tons of ruta- leegas to the acre! The normal yield, however, has been 415 tons. Chis reot crop has been one of the main features of profitable = Henry Hughes &Co. Flour—Ervin’s Best or Quaker Corn Flakes, 4 packages for. = Seeded Raisins, 3 packages for................... Kennedy Rolled Oats, ft Ibnet pkg.) per pkg CASH SPECIALS AT THE POPULAR STORE AUG. 9, 1913 White Lily, both fancy patents, Per CWh......... cece csesseresee- PR TD Granulated Sugar, per CWt.:...........:...:006 wu. 5.25 Itasca Brand Creamery Butter, per Ib. .380 -25 -25 -20 famous Sunshine Brand Loose-Wiles bakings. An exceptional treat Ladie’s Day, August 9, 1913 On this day Loose-Wiles Biscuit Company’s , of Biscuits and package goods will be served FREE with coffee to the ladies, and we extend a cordial invitation to visit our store to try the fine eating qualities of the of exceptional goods. Phone 58 Baits Henry Hughes & Co. Grand Rapids, Minn, a mines were right in our. territory. We had an eager and unfailing market for milk, cream and all dairy products right at hand. “McGuire started his demon- stration with grade cows, but headed his herd with a registered (Guernsey bull. The cows did not disappoint him. They picked up a good living ‘between stumps’ dur- ing the pasturing season. The dairy experiment was a _ success from the very start. Last year his herd of forty cows brought an income of $4,720 from milk and cream, $272 from calves and $74 from miscellaneous sources, a total of $5,066. He declares that this rough, uncleared pasture has yield- ed as large a net revenue, acre for acre, as any pasiure land in the United States. The average milk production of forty cows for 1912 was 5,629 pounds or 247 pounds of butter fat a cow. The present dairy ‘herd contains sixty milking cows and an equal number of young stock. Last winter the dairy sales were from $550 to $600 a month. “Although MeGuire began his task of taming the pine wilderness with the dairy herd, instead of waiting until he had cleared and cropped a large part of the land before venturing to put on cows, he has pushed the work of clear- ing as fast as convenience dictated Today he has 110 acres under cul-+ tivation, | “She total sales from this cut- over farm last year ‘were $7,144.55. How many farms of 110 tilled acre$ in the fattest regions of the corti belt have done better than this? | milk production on this cut-over farm. All the creatures on the place, from the chickens to the cattle, thrive on these roots. North Central experiment station hine years ago, the cut-over land in that locality—near Grand Rapids, Minn.—was selling at $7.50 ‘an acre. Today the buyer must pay double that price. Why? Because the work done by this pathfinder to the ‘poor man’s farm’ has shown that the short cut in conquering the cut-over pine lands is by way of the cow path. The cow that 'gces round the stump is able to earry the heavy end of financing the clearing operations.” Gus Beacher Dead. Gus Beecher, aged about forty- five years, was found dead in the basement of St. Benedict’s hospi- tal last Saturday evening about eight o’clock. The deceased had | been a patient at the hospital for the past twelve years. Prior to entering the institution he was apparent'y enjoying the best of health until he was stricken with paralysis. At the hospital he had a good home, and appeared to en- joy life as well as one in his con- dition could. He was able to get about and do chores in the kitchen, work in the garden, etc. All the cld timers knew Gus, with whom he was always popular. The re- remains were interred at Itasca cemetery. When Mr. McGuire started the | \¢ something at the Itasca that is as good DRAWERS. Ladies’ muslin drawers, assorted kinds worth up to $2.25. Bargain 19 price, pair 59c and__-__.. Ic MARQUISETTE. White silk finish, plain or satine stripe marquisette that sold at 50c. Bargain price, SERPENTINE. A line of plain and figured. Always 18 cents. Our bargain price, SHEETING. 9-4 bleached sheeting. Only a small lot at this price and 2% 18¢c yard limit, yard--..-.-- Inpia Linon. Yard wide, fine quality India Linon that sell in the regular way at 25c. Bargain price, 4c is 52 PEER een Sore aet YACHTING FLANNEL. For _waist shirts. Plain and stri- ped. lic value. Bargain price, yard__...-<..22.5.5 Sc .DamMasK. Two-yard wide German all linen damask in ivory white. $1.25 value in this sale at 8c SERRE RNROS Uae. SILKOLINE. The best qual- ity 36-inch goods. Bar- gain price, yard__-..------ Cc gain tablesa lot of merchandise among which are the following. No matter what you see advertised elsewhere you will always find for less money or better for the same price GINGHAMS. A good line of colors and patterns. Good qualities that sell for 1244 and 10c. Bargain price, with an eight-yard limit, at - fon ig: OEE TIO TE ST 63c Krvonos. Short kimonos or sacques made from fine white colored lawn, 43c and $1.00 val- ues, at each 25 cents - BaaOmUN sts 69c Waists for 39c. Colored and white shirtwaists. Worth all the way from $1.00 to $1.50. Choice of this lot in this sale at_____----.-._- ant Skirts 48c. Light and dark colored dress skirts mude from gingham, percale, etc. Worth twice to three 48 times the price, choice ic holeproof Ladies’ stockings. Always 35c—ex- cept at the Itasca— SR gS Sse see cae _25¢ Low SHOEs. Odds and ends: in lace, tie and pump low shoes for ladies 27d Half Price HAIRNETS. Elastic corded hairnets. The ‘‘Maxwell’’ that always sell in the regular way at 5c. Ssle price, 5 TWO for._--------------- ic HOsE. ITASCA DRY GOODS CO. GOMEZ TO TAKE THE FIELD Venezuelan President Will Personally Lead Government Troops. Caracas, Venezuela, Aug. 5.—Presi- dent Juan Yicente Gomez intends to take personal lead of the Venezuelan army operating against Cipriano Cas- tro, whose followers have arisen in the provinces of Falcon and Tachira, and also in the western districts of Venezuela. The president issued the following proclammation: “Castro, the former dictator, having disturbed the peace of the country, I myself will take the field and will es- tablish order. I know that every gen- eral officer and soldier will fulfill his duty.” BEAUTY and C pared with them. ——Like all Our beds have been bui detail. LoL ooooooooow wo gyre that you can furnish GEO. F. Furniture, Rugs, $0 S9OO9OO9O0659 59 OO9SOO4: ——are essentially the characteristics of our brass and metal beds. summer use there is none to be com- We can recommend them be- cause we know their good qualities. And the price ought to recommend them to you. So inexpensive are they your house without feeling yourself extravagant. Undertaking OPPOSITE POSTOFFICE LA AaAAADSHHHHAHSASHSOAA SAMHSA hoooHAao nd Dr. Larson Ghe ... Optometrist IS AT THE POKEGAMA HOTEL THE 15TH AND 16TH EVERY MONTH LEANLINESS For Furniture, these It right in every every bedroom in KREMER Linoleum and SFOS OE EEE EES OES OES G DEO LALISLFILIL ISIS IS IIIIIIIII SESE ROM FFF EF ESSE SEES EEO ESTO EES SS: