The Nonpartisan Leader Newspaper, November 11, 1915, Page 2

i 5 Z b3 S @ g |4 PAGE: TWO ~ Attacks Plan of . Commission on Land Credits ot Washington, Nov. condemnation of the system of pri- vate profit seeking land banks recom- mended by the commission which went to Europe to study rural cred- its, and by the subcommitiees of the two houses of congress in a book by Cong. Dick T. Morgan of Oklahoma, entitled “Land Credits; a Plea for the American Farmer.” Morgan’s Argument Cong. Mcrgan declares that thes2 banks, even if created, would not pro- 10.—Vigorous vide adequate eredit or in:ure a low rate of interest. He thinks they are authorized to organize and do busi- ness with insufficient capital, and are not required to maintain ample reserve funds; be economically administered; that they permit excessive adm'n’stration charges; that they favor investors and money lenders rather than bor- rowers and famers, and that, in type and chaacter, they do not correspond with the vast majority of suceessful land-credit institutions of Europe. The Object in View Cong Morgan contends that the ob- ject of a new system of land credits for the United States should be to strengthen the fabric of the national that they could not| government through- tke expansion &nd prosperity of agriculture; that therefore sucii land credit imstitn- tions should be designed to serve bor- rowers rather than investors; that they should be at least. szmi-public institutions, and not organized for profit; that the two great objects to be sought are adequate credit and a low rate of interest. To secure these, he contends ,it is essential that the institutions be eco- ncmically administered; that the farm mertgage bonds which they is-|. sue be an absolutely safe investment. Therefore he urges that the financial aid rendered by the national govern- ment should be utilized largely to make the farm mortgage bords. the highest type of securities ,and not wasted in a bond-purchasing propo- sition which simply provides a tem- porary market for the bonds, but adds nothing to their security. Upholds Prof. J. B. Mormen He joins with Prof. J. B. Mo¥man, of the Maryland Agricultural college, whose book on rural credits recently obtained the favorable attention of President Wilson, that the farmers’ securities should not ba diserzdited by a multiplicity of small bond-issu- | “° THE NONPARTISAN LEADER Significant Things in Events of the Day Have thé" Largest Warehouse in - the World New Orleans, years the farmers of the terirtory tributary to New Orleans were over- taxed by owners of private ware- houses and elevators. They were not only gouged in charges, but their products were delayed in many ways and extra expenses were tacked on for unnecessary handling. Five years ago the farmers of Louisiana. decided to put a stop to that. " They decided to build, own and operate their own Waredouse and it was to be the “last word” in ware- Louse building. To finance the under- taking a constitutional ameundment was approved by the voters in 1910 authorizing the issuance of barnds. A warehouse commission visited ths larger terminals of New York, Phil- adelphia, Liverpool, Hamburg Brem- erhaven and Havre. Then they de- signed their own warehouse. It kas just been finished. La., Nov. 10.—¥For i newspaper obtain not -only - a-moral:} L but a vested right, and are-legslly: :to stir up as nifty a row in the news- Biggest Warchouse o World. Its builders assert it will solve for many years the storage prcblem of a vast cotton territory. The ware- house has a capacity of 2,009,000 bales of cotton alone. It is adapted to the storage of all commodities, such as sugar, rice, tobacco, coffee, corn and wheat. The construction of the warehouse was begun .in January, 1914. It has 23 acres under roof, while the entire plant occupies: 150 acres of which 100 are used for railroad yard:. Thesz railroad yards have 22 miles of tracks, with a capacity of 2,000 stan- dard ears. The terminal is eguipped with four and' a half miles of over- head and. floor-level runways and 50 miles of traveling crancs. 2,000 Feet of Frontage. The wharf proper is 120 fect wide on the first floor and 100 feet on the seccond: with a total length of 2,000 feet. In front of the wkarf and ex- tending its full width is a crzoszoted apron wharf 44 feet wide, on which two railroad tracks are built. The entire construction of the terminal, except the timber apron wtarf, is of reinforced conecrete and steel Depressed tracks in the rear of the warehouse permit of unloading freight from cars practically within reach of the ship’s tackles, while the tracks on the apron of the warf make riossible direet transfer from train to ship or from ship to train. The cost of the warehouse, the rail- road yards and belt raised was, ap- ing banks, but that the authority to | proximately, $3,500,000. issue and sell. farm-md¥tgage bonds The reduction in the cost of hand- should be confined to one; or at most, | ling: and Shlppmg‘ any agricultural to a few, institutions, and that this is commodity is estimated to be 40 per| imperative in order to eliminate de-|cent. structive competition among: farmers " in the sale of their seeurities, and’to: insure to farmers-in various: sections| of the Union equal. credit fecilities| at a uniform rate of interest: TO ENLARGE WEST- POINT.. - Washington, Nov. 6.—A board of | advices stated that Colonel Beltran| is operating in the Cananea district| . Scott; chief of staff; Gen Tasker H.|and has taken all supplies: wanted officers to consist' of Maj. Hugh I.. FEE!. VILLA’S HAND NEW. Naco, Ariz, Nov. 6.—All Turkish mrchants in Cananeas, Sonora, have been arrested and held for ransom .by Villa authorities, acecerding to ad- vices received here late tcday. These Bliss, genertk staff; Brig: Gest Enoch | from the stores there.. H.. Crowder;: judge advecate general; Col. Word that. General Villa with all Clarence P. Townsdley, superin- | his forces, again was headed for Naco. tendent and Carit. Douglas: MacArt-|was brought here by Charles Dodds of h-r, general staff recorder, wes ap-{the- Cananes Conrolidated Copper pointed ‘today to meet ‘irv this city [Company. Dodds said Villa had re-| for: the purpose- of :congidering the |ceived a supply of ammunition from enlargement of cepacity: of - United | Nogales. He: reported also that Villa States Military:Academy, West: Paint, |-officers had takem his teams and'a N. Y. Toad of flour when hs reachrd Villa- Thig is the first step: 6 carry aut vu‘dc the plan of rroviding add@ikional’ of- ficers for: the, regular ‘and* contiens|: bill, < Why shonl®nt we: M&fdfi tal armies’ prondodf inshe new armay | lows wio Yide im Mg amtemobiles? | Didn’t they run us down? : tion, you are at the head of the Kan- rain.?” Finds that Unem- ployment : is: eral Committee En- ters Newspaper. World - Kansaé City,- Nov.-10.—“I believe that under the existing-status-of-the common. law the subscribers to--a ~“Washington; .Nov:~10:=~That .unéifl- must. seriously consider.is.set out in the report smade .pnblis ‘today..of. an ‘investigation ‘made “by<“the bureaw: of entitled, upon proper .showing to' a mandatory in;'unetion*agatus_t;_ pubi- department -oflabor. - et lisher requiring %imv-to print 'the| A -third.-of the workers in the Pa > [ truth fairly ‘and without discrimina- | cific. coast and mountain;, cities .are tion.”- ‘{out:of work...Some -have no work.at- Sgnalized by an utterance- of this | all, while others ‘are..on., part time. sort, the entrance of Frank-Pr-Wasky| Unemployment was worse in the. cit; into the field of journalismpromises | Wogus in the. larger cities. s aper world as Gid his activities as chairman of the industrial relations commission among the employers of labor. Extensive Immshgaimn" The inquiry :covered the -cities of Butte, Los Angeles, Oakland, Ogden, Portland, Sacramento, Salt Lake City, San Diego, San -Francisco, Scattle, Spokane:-and.. Tacoma. The department did not attempt to, canvass every worker in these cities, but enough were canvassed in each Enters Newspaper Field Mr. Walsh has “assumed sole direc- tion of the editorial, news and busi- | riess policies’ 'of one of the biggest newspapers west of the Mississippi—. the Kansas City Post: .The announce- ment caused a stir in local political circles and brought inquiries from-all over the nation asking -what:it: means. The answer came thus: “All my days I have wanted to be the editor of a preat:-newspeper. This is to be the biggest and. Jno3k enjoyable adventure of my. lifel. Mr. Walsh is best Kaown -as/ the chairman of the United Statés in- dustrial relafions committee “which recently made s report. “But why edit a raper?” he was asked. “You have a national reputa- total of 36,237 families were»pfjr*bn- ally visited; -in which there were wholly unemployed, whilex9,971" were - working on " part -times- The total ‘runemployéd were 12.9 per cent of“the: | total number of wage earners visita~ ed, while the pari-tims wofkers weye and the part-time employed together, it is found that 33.1 per cent, or one- third of all the workers were at the time of the investigation (June and July, 1915) either out of work or sas. City bar, you wre talked of for -earning only part pay. governor of Missougjper; United Statws senator; why not—S-@&\. fdo Political Jod: “There is no politiecal job on the map I would accept as a gift,” hean- swered. “I want to be an editor ba- cause. it affords the greatest possibie opporturnity for real cervice.” ¢ What sort of a newspaper do you propose to run?” “One that will give the people a square deal and not be a mere mouth- | piece of some private interest, fac- tion or political party. We must have home rule and political democ- racy. We must free the land. The} people want. these and many other | things. done. There are reasons why tkey cannot get them doae. I pro- pose to point out those reasons” His Answer- “But suppose all this gets on thel} toes of your big advertisers?” Mr. Walsh dug into a file-of the Post, pointed to an editorial of his own, printed - the fourth day . after his taking: command:. . "“The news. and editorial co}mnns of a modern newspaper should in no way be influenced by its advertising policy indicates that he is rather colunms. The subseribérs to. a daily |2bove the average in thrift. newpspaper - purchase it on the.as-} . ~-Conditions a Chronic One - - sumption that it will neither twist| These figures indicate that the con- nor becloud its record of events by |dition of. unemployment is a chronic . perversion or supprgssion.” one, having little to do with the pros- perity or otherwise of the country. | The summer is the time.. of largest employent,‘and the industries of the United ‘States are supposed to be in. excellent condition, but even im times of the greatest prosperity at least 10 per.cent of. the. employable “are found; to ‘be unemployed and Pethaps... a larger percentage doing only tart - -time work. The only- -specific. reme< - dies—for; no-sensible person nowadays consldem the tariff and.other pros- Pacifie Goast Perccntage High The highest percentage of unem- ployment was found in Portland, Ore., where 20 per cent of the wage earn- "~ ers were out of work, and 17.3 per cent were working part time only. the highest percentage-was found to | Ogden, Utah, where only 4.5 per cent. were unemployed and 14.3 per cent working part Time. The bureau of labog sattistics com- missioned the Metropolitan Life In- surance €o. to.conduct this inquiry. This- company’s survey* ot unemploy- - | nent .in. New York city in January, 1915, was. checked up by an indepen- dent: investigation: made by the labor department, and was found to be so accurate that it was decided to eom- mission the company to make this Western investigation. The.. reople visited were families. holding indus- trial poelicies, and the viciting was done: by the agents of the company. - Ths Hmitation of the list to pohcy- }holders makes the results of the in- ‘quiry. conservative, rather than other- . wise: .The fact that a man carries a ABANDONS SILK HATS . ‘London, Oct. 9. (by mail)—The velour hat. which, befere the war came only from Austria.is now made in England. Sllk hats,. traditional in England, are not being - manufachxrefl because of “no demand”. There is a lnrge demand. for cheap hats. . The, British hat trade.issues this warning: and- caps.cannot. now. ;guarsntes :the, fastness of the dye, 80~ bmre of the suggested ' for uncmrloyrmnt ‘are those set out in the ‘Walsh' industrial - H* the big fellows. -ean -Jeagus: fo- ptha: to hold up-the. farnters e, fermers bave .a- right - to Jeagwes: o~ gother to' put-a stoputo ‘the. hellup. |wee Furthermore; they're doing:it. = o tal | reecmmends. the: .construction: of ! great lle. arorks cand . tlm»omt 2 /1abor, statistics ‘of .the United -States,. - city to be .sure.of.the proportion. A -+ 20.2 per cent. Taking the unemprby\.d - ‘ployment:is a problem which congerss,., ... AkAd ies:'than inthe country and worst “ye found to.be 49,333 wage earners:>¥Of ., these, it was found that 6,373 wera v« L perity: talk-in: ‘congress as remedieg==":. relations commission report, fhich .