The Nonpartisan Leader Newspaper, January 7, 1918, Page 21

K ederal Land Banks Appeal to Congress (Continued from page 4) to grant this measure but zlso be com-: pelled to extend to them personal credit that they may have seed and feed in order to operate. The only people, if any, that would be opposed to such a measure, which is for the common good, are those few who are selfishly interested in the old system of brokering mortgages on the commission plan. These members of soclety are very active at this time to oppose this measure. As we under- stand it, they are not only maintain- ing a lobby at Washington to defeat this law, but they are at this moment in Chicago in secret convention to de-. vise means of blocking this most im- portant measure which is before con- gress. FEDERAL LAND BANKS OPERATE AT ONLY ONE-HALF PER CENT This relief to the farmers is so ab- solutely necessary at this time that should congress be so shortsighted as not to grant it, it is absolutely clear that the demands of the farmers throughout the United States will be such that the matter will have to im- mediately be taken up again for re- consideration. To say that the old brokerage system of the country can take care of the farmers’ needs in this directien is to beg the question. It is very doubtful that the mortgages can be absorbed by the people at this time even if the mortgages did bear a high enough rate of interest to encourage the people to purchase them in pref- erence to other securities that are of- fered on the market. This is entirely beside the point, for this reason: that such a conclusion would have to be arrived at without taking into consid- eration the farmers, inasmuch as the assumption is based on the fact that the farmers would have to pay a rate that would induce the investors to buy. the mortgages at this time. In other words, the farmers would be compelled to pay a rate of interest which would be far in excess of what they ought to pay, security consid- ered. Experience has proven to the board that the federal land banks can op- erate on one-half of one per cent. The federal land banks are solvent, the machinery: is established and they stand ready today to render the serv- ice to the people throughout the country contemplated under the act. Tais is an administration measure to perfect and perpetuate the federal farm loan system, to give relief to the farmers through a scientifically ar- ranged and systematically perfected organization. Everyone interested in the welfare of our country at this time should urge our congressmen and sen- ators to grant this relief at once. ADVISES FARMEES TO JOIN Moore, Okla. Editor Nonpartisan Leader: I am just now in the Oklahoma state office of Nonpartisan league, and after looking-.over the organizers’ files of the office, am delighted with the results to date. And I earnestly suggest to my fel- low farmers of .all states and espe- cially of the state of Oklahoma to get into the harness and give the organ- izers all the help possible. This is necessary as all the organizers are in a strange country, driving over un- known territory, and calling en peo- ple who are strangers to the organ- izers ‘and the organizers are un- known to them. This leads to'a loss of time and energy on the part of the |- organizers. The organizers are all bonded for $1,000 and are responsible men. This protects the farmers from imposters. —J. W. HOUCHIN. Money Lenders’ Attack Makes Headway Q(Continned from page 5) an amendment restricting the loans covered by this $100,000,000 to.those made for the sole purpose of increas- ing farm production, thus forbidding any further release of farmers from the clutches of the investment and mortgage bankers. Weeks openly declared he opposed this relief measure and said that since more than $2,000,000,000 in farm mort- gages in this country are drawing over 6 per cent, unless a check was put on the government’s underwrit- ing of fatm loans, the government would soon have to guarantee $2,000,000,000 in farm loans. At the moment he was making this defense of the vested interests of the mortgage holders, an association of investment bankers in Kansas and Nebraska was completing a fund of $25,000 to defeat the Glass amend- ment. Senator . McCumber attacked the farm loan banking system, claiming it was costing the government - heavily, and asserted he had informa- tion that many applications had been approved for loans for more than the land was worth. . Challenged by Senator Stone to produce this avi- dence, he did not offer any. Senator Hollis, in charge of the measure, asked unanimous consent for .the approval of the Weeks’ joker, which went through. It is reported he now realizes he made a big mistake, and will vote in conference to take the original ‘measyre, striking out the Weeks amendment. Farmers’ organizations are -bom- barding congress with protests against Weeks’ betrayal of the farm loan system. To the same mortgage holders who have fought the federal farm loan banks so many- years, they point out that loyalty to the nation in winning the war -means enabling farmers to raise food next year to the utmost advantage, .and bankers opposing this rural credit aid are obstructing the production of food for American armies. Stick F inds Camouflage Hard (Continued from page 15) cud use our influance to stur up dis- content an’ dissatisfacshun among the farmers an’ that we wood be wen . pade fur our troubles. I cud see that it wuz hard fur Stick to hold in but I kept kickin’ him on the shins an’ winkin’ at him outen my left eye an’ he managed to keep his shurt on. So we agreed to Crafty’s skeem an’ then got on the trane an’ cum back down the mountain side, bid Crafty an’ hiz frends good-by at the Elk Horn an’ we went to our roomin’ house. But even after that I had a _hard time to konvince Stick that we shood go on with the camouflaze biz- ness. In my next lettur I -expect to have sum inturestin’ developments to tell you about. “Yoors Trooly, RIPP. (To be continved in a subsequent issue.) ¥ ADVERTISEMENTS !““"""I"“"ml““IIIIIIIIIIIIIllmmn“l [ the way it al- ways“goes”’with thosewho try.this different-from-all- ohttalrelzrdnnks. Just d yourself a sip of this surprisingly good beverage and you’ll stand byit for good. Gund'sBeve e is a new drink. wholly good the whole year round. A beverage luxury everybody likes and one you don’t have to compel yourself to let alone, as it is highly beneficial, It's appetlzmgzes its thirst quenching quality, it’s incompar- able vor, render it a most satisfactory beverage for home use —with meals or be- tween meals—as a drink when you are dry or when there is a desm;.r fo1‘;7 somlec extraor many goof _To be had where- ever soft drinks aresold—andthat’s g IR To avoid substitution, look for the name on the label. THE GU_ND COMPANY, La Crosse, Wis. “ ™ - .um } MINOT GROCERY.CO. MINOT, N. D. Nash Bros., Wholesale Grocers ND FORKS, N. D. PEDERSON MERCAN TILE CO., Wholesale Grocers MOORHEAD, MINN. DISTRIBUTORS BBWil's == Seed Co //«// Raised in the Northwest. Will’s new Gehu &flint), Dakota (flint), Northwestern, Square Deal an: 13 (dents) are just the right sorts for this section. Will’s Seed Annual Eighty pages of information that will help you to get crops, and tell you about ‘the seeds and plants for the great Northwest. Send today for a free copy. OSOAR H. WILL & CO. BISMARCK, NO. DAK.