The Nonpartisan Leader Newspaper, July 14, 1919, Page 11

WARNING has been is- sued by the Farmers’ National council at - Washington against the plan of Wall street finan- ciers to create a consoli- dation of the finances of the world. This is being bitterly opposed by the farmers, who at their reconstruction . congress last January suggested, as a first instrumentality to make the league of nations really effective, an 3 international investment board to pre- = vent tge:mvestment of money of one nation.in another unless justified by conditions and agreeable to the nation confllctmg claims among nations as to “spheres. of influences,” and to pre- vent the use of force by any nation to protect or promote the investments of its nationals and to determine methods of securmg' justice to. forelgn B N L 2 3 L £F 2 investors. & The program of the conference & states: - “Foreign investments have been a prolific. source.-of misunderstanding between ‘fations and if unregulated will in the- future lead to conditions b that may make war unavoidable.” The evidence at the hearing of the so-called treaty leak and the subse- quent statements by H. P. Davison " -ghow that the financial interests of - America plan to create the consoli- dation of the finances of the world to effect what the New York Times calls “A Vast Corporation to Rebuild the World. URGES FINANCIAL AND : INDUSTRIAL CHIEFS COMBINE Mr. Davison said to the committee “on foreign relations: 7hed § vas asked by representatives of the various governments regarding fi- nancing ‘of the countnes of Europe. Every one who.was in Paris knows that situation. Every banker who was in Paris was in contact with it. It became obvious that all of Europe .would:=be coming here to get credits. ‘It became so:obvious that I myself made the statement to representatlves ‘of the American peace mission, as well as to members of. other peace % issions in Paris, that in my opinion “Fthe situation could not be handled un- s:it was handled, not by one house, ot by one aggregation, but by the financial interests of America from .the North, the East, the South and the West, and that in order to give the relief to Europe, and in order to promote the trade of America and " keep our position which we then held, first, the demands of Europe - supplies on this sxde must be co-or- dinated; that there should be co-ordi- nated not only the financial interests of America and throughout the whole - country, but the industries of Ameri- ‘ca should also be co-ordinated.” ' © Frank A. Vanderlip pointed out to “the committee the desperate financial ed: “There is a disposition in France and England to feel that it would be wise and just for us to forego demand _-for payment of the large amount of money we have loaned them,” and also stated, “We have loaned the allies $9,600,000,000. We' have loaned to France .$2,800,000,000, and ‘about $4,600,000,000 to England AR Outlmmg his plan before a group of;)ankers in Chicago, Mr Davison - said: . “My suggestion is thaq debentures might be issued against the credits established in Europe, secured by ev- erything against the shipment. .The " debentures would be really against 25 ,the whole of Europe. Then the bank- “ing. lntereste could place these de- A NewWDream in Wall Street Bankers Framing Plan to Unite All Financial Industrial s Interests to Gain Footing in Europe receiving the investment; to adjust - “bentures with the people, distributed as widely " as possible. Complete agreement should exist with the ad- ministration and with the treasury de- partment, which, we know, will do everything reasonable for American trade. This is essentially an indus- trial movement for all, not a2 group of bankers.” The financial interests of the coun- try are making every effort. to put this plan into effect at the earliest possible moment. ' It involves, as ad- mitted by the advocates, very close co-operation between the financial in- terests and the governments of the several countries and it puts the finan- .ciers in dangerous control over the activities' of every government, and the economic and political life of all the people involved. Before the European war started, the total of indebtedness of the world, governmental and commercial, was, in round figures, $300,000,000,000. Now it is nedrly $500,000,000,000. It is necessary. that this indebtedness should be liquidated at the earliest possible moment, and that pending such leglslatxon that governments should be in complete control of in- ternational investments. The propos- al of the financial interests is very dangerous to the working people of the world and directly opposed to the principles for which Amenca entered the war. ADVERTISEMENTS © PACK EGGS FOR WINTER Eggs can be packed. now for next winter’s use. G. E. Greaves, with the extension division, North Dakota Agri- cultural college, found that one local- ity that shipped out 150 cases of eggs in. the summer had 75 cases shipped back in the winter when the price had nearly doubled.. This was poor econ- omy and could have been largely avoided if some of the eggs had been packed. Any housewife can procure water glass from the local drug store and by following instructions she can pack enough eggs during the summer months to last her through the winter and at a very small cost. Other pre- servatives can be used, such as lime, salt, or lime and salt, but water glass is cleaner.—NORTH DAKOTA AGRI- CULTURAL COLLEGE. Cheapest i inCost per Year of Service On what beais are you ‘going to buy your tractor—by the dollar of cost or by the years of service ? Advance-Rumely is one tractor manufacturer who insists upon putting quality first. By quality we mean rugged, dependable construction, surplus power, real fael economy and all around service. In building the new 12-20 OilPull, Advance-Rumely refused to put out a cheap, of Low Price never equals the Bitterness of Poor Quality lightly constructed tractor. We know and you know that durability can’t be com- ; 7 bined with cheap, light construction. ' And if a tractor won't “stand'the gaff” nothing else about it counts for much. We have embodied the proved OilPull ruggedness and substantial construction in this small, light weight 12-20. And by light weight we mean right weight—the proper weight to give long lasting, year after year, dependable service. - Like all OilPull tractors, the 12-20 is backed by a written guarantee to burn suc- cessfully all grades of kerosene under all conditions, at all loads to its full rated ' brake horsepower. And just as Advance-Rumely guarantees its OilPull tractor as a cheap fuel Fuel—-Guaranteed to burn kero- sene successfully under all conditions, Cooling—0il cooled—no evap- oration—non-freezing. Motor—Heavy duty, 2 6 in. x8 in,.~560 R. P. M. Crankshaft—Built to U. 8. naval specifications. yllnder A ST D2 e must be co-ordinated, and, second, the __condition existing in Europe and stat- |- burner, it insists upon giving the purchaser a surplus of power. ‘The 12-20 rating is based upon only 80 per cent of its maximum power efficiency—a 20 per cent over- 1oad capacity when you need it. This means furtherinsurance of long life—a tractor that will be doing the same good work five years hence as in its first season. The 12-20 is oil-cooled—no evaporation and the radiator can’t freeze. The circu- lating system is always apen and oil preserves the metal parts. The OilPull cooling system keeps the motor at the right temperature at all loads—the harder the OilPull . works, the cooler it runs. On the 12-20 the belt pulley is on the right hand side=up within full view of the operator. The 12-20 can be lined up with a belt .machine, backed into the belt and the belt started and stopped from the platform. The belt pulley is driven direct off the crankshaft—no loss of power. ‘The 12-20 OilPull will pull three 14-inch bottoms under ordinary cond:dona and’ a proportionate number of disc plows. It will operate a 22-inch thresher fully equipped and economically handle all other power jobs, drawbar or belt. To safeguard the customer’s best interests Advance-Rumely maintains 27 branch offices and warehouees, each equipped to give immediate gervice in machinery, parts _andexpert 1p. The wise farmer will ‘buy a tractor by the year—not by the ‘dollar. Just as the QilPull will plow an acre at lower cost than any tractor built, its cost measured in’ years of service makes it the cheapest tractor obtainable. Aak for the catalog descnblng the new 12-20. ADVANCE-RUMELY THRESHER CO., Inc. Mmmpolia Minn, Aberdeen. S. Dak. Fargo, N. Dalk, lllln;s Mont. Madison, Wis. Frame—Hot riveted steel mem- bers—no bends—no splices. Transmission—Cut steel gears —enclosed and running in oil. Bearings—Hyatt roller bear- mule in transmission and rear axle. Governor—Fly ball throttling . type—automatic epeed regu~ lation. Belt Pulley—19 inch diameter-—- running directly off cranke. shaft—no intermediate gears. * Lubrication— Force feed and splash. Speeds — Two forward — one Teverse. Drawbar — Adjustable spring drawbar. R T R S AR T 2 SO AR i 5