The herald and news. (Newberry S.C.) 1903-1937, January 27, 1922, Image 1
\
"1'* " ' ' '
:?!$_
VOLUME LVIII, NUMBER S. NEWBERRY, S. C., FRIDAY, JANUARY 27, 1922. TWICE A WEEK, $2.00 A YEAR
" 1 11 **- - ~?~V-^na ^-?--?~?i BnWBBWWMWBQl !?01 ? n y.M> XML .Mil ?I ' >1 H WWP?BWOWBWWI lllll .1
r
HOUSE ADVANCES
NEW TAX BILLS
THREE NEW MEASURES TC
1 niRU rs.H.rYJ-'l i>Vj
Hydro-electric Tax and Two Corporporation
Tax Measures Given
Approval
The State. 26.
Approximately $475,000 is expected
to be turned into the coffers of the
state annually should the senate accord
iis agreement to the three tax
bills yesterday given the stamp of approval
of the house. These three
measures, the hydro-electric tax bill,
the corporation license bill and the
foreign corporation tax bill, came up
for consideration on second reading
and were passed by substantial majoirty
and are therefore expected to
meet with little or no opposition
when they are given their final readings
today.
The hydro-electrice tax, which was
passed at the morning session, is estimated
to produce revenue totaling
approximately $300,000 annually
while the corporation license tax is
- - ? A - AA AAA
calculated to bring m muv.uuu annually
and the foreign corporation tax
bill will produce an estimated annual
revenue of $75,000. The corporation
license tax and the foreign corporation
tax bills were both passed at the
night session meeting with little opposition.
The luxuries tax is the only
one of the series of special revenue
measures yet to be reported out by
the ways and means committee.
The hydro-electric tux bill, which
was taken up a^ a special order at
the morning1 session, was the first of
the quartet of new revenue bills in-i
J 1 1 i * c onrl WOiiriS f D 111 -
XrOUUCtJU U.\ tlic
mittee at this session, to meet.with
serious opposition on the floor of the
house, the final victory of the proponents
~of the meagre coming however
by an overwhelming majority,
no record vote being taken. Representative
Jessie S. Leopard of Pickens
county and Representative J. K. Ow
ens of Marlboro county led the at
+0^1- /Nn +>*0 moasnrp hnth susrsrestinfi
tat IV V/iA bUV ^-cc, v
amendments to the bill. Mr. Leopard's
objection to the measure was the facl
that it didn't exempt anything wher
Mr. Leopard thought, he said, thai
* cotton mills generating electric current
from water power for their owr
use should be exempted. '
To accomplish this end Mr. Leoparc
| moved to amend the bill to make ii
applicable only to electricity offeree
for sale or sold within the state. Thii
amendment, it was pointed out bj
Representatives E. T. Hughes of Marion
and R. B. Belser of Sumter,
would defeat the purpose of the bil
? .. fVviivr ovnlninpd.
vaicn cii mtcuucu, iuvj .?
to bring into the state's coffers some
return fnxm "persons and companies
using the water power of the state
for commercial purposes. The amendment
was so worded that companies
having offices out of the state mighl
have evaded the tax by offering theii
/vi-rrprif for sale outside the state
"We intended to tax the cotton mill:
that use the water power for commer
cial purposes just as the hydro
electric power companies use it/' Mr
Belser explained. Mr. Leopard's pro
posed amendment was then tabled ant
the Pickens representative introducec
another amendment producing a sim
ilar effect, which was also tabled. Mr
Owens proposed an amendment t<
exempt municipal hydro-electri?
plants, which was carried without op
position, and the biii sent to thire
reading, having come through the at
tack substantially unchanged.
The only move in opposition to t'm
corporation license bill came in t'm
-IIIUUUII V'L Jnyiwv.i,uw..v ...
of Lancaster county to strike out th<
enacting words. Mr. Faile's mo tier
was defeated overwhelmingly and :h<
bill was ser.t to a third reading will
only one vote cast in opposition to it
K Debate on the measure was brief.
i :v
The foreign corporation tax u;i
was passed unanimously, discussior
on the measure being confined to th<
short explanation of the bill by K. T
Hughes cf Marion at the request o
W. P. Robinson of Lancaster for in
formation.
MayOe L>e Vaieva s an: inon is s. >
ply to be different.
It is a (iuli week "ivhcn we <i\- :
safely pa^s nnfifhri- cr
PUBLIC OPINION !
11 MAKES EFFECTIVE
; 1
) DOMINICK SPEAKS AGAINST
ANT1-LYNCHING BILL
'First Burning of Negro at Stake
on Record Took Place in
New York
i
! Huzh W. Roberis in The State.
_ 1
Washington, Jan. 22.?Representa- i
live Fred H. Dominick of South Car-!
. Una declares the opinion that legal
: restrictions against lynching in South
. Carolina have had nothing to do with
I
a decrease in lynching which, during
recent years, has obtained in South
Carolina.
UA v\wAAAAfIIv*ri? I'M O C*TV / * /~1 /"> 1"^ in
-LiC ^lUtCCUHIg 111 CI OUCtVH lit
the house of representatives against
the Dyer antilynching bill. He said:
"In this debate, a great deal has been
said about the South Carolina law. I
. am glad that finally there has been
somebody, especially on the Republi
i can siuc?, who cuuiu i>vxixci-jjiiig,
good for South Carolina. We are
proud of ou? state.
"South Carolina has a section in
I
| its constitution regarding lynching, it
j was put in our constitution in 1895.
i T t'n^Mnors fnr>tr r>lace in South Caro
I ~
| lina before the passage of that law,
j and lynchings have taken place since.
I have no doubt that if certain conditions
and circumstances' arise in the
future, there will possibly be other
i lynchings. And there would be other
; lynchings in Ohio or Minnesota, or
I any other state.
i
"The law of South Carolina proj
vides that in the event of a lynching:
i the family of the person lynched may
j brine; suit against the county in which
jthe lynching: occurred and recover
*N A , 1 1 T T _ _ XT
\ SZ.UliU. 1 rninK possioiy tiisca
! have been brought since the enacti
ment of the law. Two of them went
' j to the supreme court, which sustained
j the constTtunonai:the law.
I "?>111 i want cu con \uu auiiici>:uii?,.
my friends. My honest judgment?
:jand it is the judgment of everybody
" i else, I believe?is ih?.t that provision
" I in the constitution has no more to do
" i in preventing lynching than if it was
' j not there. If a mob aroused to fren"
j zy by a heinous crime apprehends the
1 ! culprit of the deed, it will never stop
" I to consider whether the county will
be subject to a fine of $2,000 or
1 | $10,000 or $1,000,000.
J "You can never stop lynching: by
1 i
. j legislation. We have not succeeded
j in South Carolina. Enlightened pub.;
lie opinion is responsible for the sucI
tl-iaf wa liiJVO Sfrtvprl"
? ~
! Mr. Domiick, as a member of the
( i judiciary committee, was permitted
i i to make one of the principal speeches
i against the Dver bill. His discussion
> |
; i involved the constitutional features,
t almost exclusively. He was gener-,
* * t ? % _i_ i : ?_
? ' ousiy appiauaea ax me cwiciusmuu ui
. ; his address.
5 ! Representative Stevenson of South
-; Carolina, in his speech asrainst the
-1 bill, declared, to the surprise of the
. I Republican personnel of the house
i'that burnin? negroes did not originate
. with lynchers but with the laws of
. the states of the Northeast. He re'
" - * * * 2- I IX 1 J
. iferreci to the record 01 a court noiu.
| en for the tryal of nesrro and Indian
1 | slaves at the Outy hall of the Citty of
\ (New York,'' April 15. 1712.
. _ ' ?
-; The decision of the court in a cer itain
case was thus pronounced: "The
)|defendt Tom being: brought to the
Barr & having nothing: to sav for
"; himself why judgment of death should
! j not pass agt him according the verdict
" i <<:c. It is considered by the court that
j he be carreyed from hence to the
place from whence he came and from
- : thence to the place of execution and
thence to be burned with a slow fire
i
i ;rhat he may continue in torment for
] [eight or ten hours and continue burn
>?!.? ivi e .?/l (ir? liv.til Vi <? h<> J! Tul
l!cosumed to ashes.*"
' j The case was styled: Dom Regina
v. Tom the negro 'nan, -lave of Xich'
; olas Roosevelt. .1. D.
l ; _
TO RUN NIGHT SHIFT
MOLLOHON MFG. CO.
Beginning this " t,?k the Moliohon
I Manufacturing company will operate !
.(about one half of their entire plant
jat night in addition to tfv.ir r: j-'inr
day rinit'* opr-rn*.' ?n.
\ This will nt c?'ssit:i'. >ni?*i
,i.f onerai"!^ for ojk- . 'f f ! ?< mill
I
DELAY IN HOUSE
BRINGS CENSURE
MEMBERS CALL FOR SPEEDING
UP TO WORK
Election Contest Measure Defeated
?ISo r'ay for INaticnai
Guard
The State, 25.
Procrastination in the opinion of
many members was the shibboleth of
the house ot representatives ai us
session yesterday, the ways and means
committee foreign corporation tax
bill, the Gerald minimum -wage bill
and the Richland county delegation
measure to fix a method by which
charges made by public service corporations
may be investigated and determined
being among the number of
bills of state wide interest passed over
without consideration.
? ' ^ t_ ?11 i-?.3
The Killing ot ine cmi, nmuuutcu
at the last session by Representative
O'Rourke of Charleston, to repeal
the act allowing appeals from the decisions
of city Democratic executive
committees; the passage to third
reading of the Richland delegation
bill to prevent the use of milk bottles
nvwl mnrk-pH hv one comoanv
or person by any other person or company;
the rejection of the measure
to allow members of the national
guard compensation of $3 per month
after six months' service and the introduction
of a bill to permit persons
unavoidably out of the state on the
day of any primary election to cast
their ballot by mail were the features
- ? ??' -f -Iitnvnj fVioro wnrp (if the
i i CiIi,V lcaiui CO tll\. 1 v ?> *. * v/ w
otherwise unproductive session.
Delay Causes Criticism
Frequent requests from divers
members for the passing over of various
bills, so delaying the action of the
house, excited some c-riti"is.n during
the session. Speaker Atkinson of
Spcrianbu),pointing oiu to the rr?em
fcers tnat. me no use s uuuu v/i
avoiding an extension of the session
lay in the taking up and disposing of
bills as they were reached on the calendar.
Representatives. li. D. Belser
of Sumter and J. Yv. Hanahan of
Winnsboro also voiced their opposition
of the evident program of pro
VI wioLiiia i/iuui
"The members of the house,"
Speaker Atkinson said, "should reflect
that it costs the state something
to meet here every day and should
nc* delay the session by continually
pai ig over measures that m:ght as
well be disposed of when they are
reached on the calendar." "The
house," Mr. Belser thought, "is not
making progress," while Mr. Hana?
* -wC-i-l* T?olc^r*
nan in agreeing wim aha.
took various members of the house
to task for their too frequent absence
from the sessions of the house.
The three ways and means committee
revenue measures, the domestic
and foreign corporation tax and
u-.a A^rnV tax bil'ls. which ere
U4 v v?\^v r
still on the house calendar, upon the
motion of Representative Hughes of
Marion, chairman of the ways and
means committee, were set as special
orders for this morning immediately
after third reading bills and are expected
to come up for debate at this
time. The presence of a number of
other special orders on the calendar,
the pool room bill, the faithful negro
pension bill, and others, may, however,
occasion some delay in reaching
the revenue measures.
When Charleston Disagrees
? - > * -- 4.?4. u:n
The U KourKe eiecnon coiucm um
was overwhelmingly defeated on the
motion of Representative Hvdrick of
Orangeburg to strike out the enacting
words of the measures, which
would have prevented any" appeal
from city Democratic executive committees.
Only two members spoke on
the measure, Representative B. P.
Carey of Charleston opposing: tne mil
and Representative J. R. O'Rourke
also of Charleston favoring: the measure.
The bill although statewide in its
wording: and jurisdiction particularly
concerned Charleston which fcr some
years has been the center of the
;rreate?i number of election contests
in the state. The vote on the measure
itfioii :;s ;o l !> i;' favor of the killing
of the hi!!.
The F?ieYu;:u <:; !* gallon bill to prevent
out' co.wy.: '. / <.r per \>j: using
another coir..": : ;*V ? ' nnothc p( :v oil's
nviik and cream boicies snvoked some
opposi wv% t'j- :v ? ' . enlet
Munlink M '-u ! i
| to strike out the enacting: words of
I the measure being lost by a vote of
( 35 to 37. The present act makes it
[unlawful for dealers and manufac
I
turcrs of beer, soda water and mineral
waters to use the bottles of an;
other company and the Richland delegation
bill would merely make this
regulation applicable also to the dealj
ers and bottlers of milk and cream,
i The bill was passed to third reading.
I
The most extended debate ot tne
session came on the bill, fathered by
Representatives James DeTreville of
, Walterboro and R. R. McLeod of
, Hartsville, to fix the pay of officers
.and enliated men of the national
guard, the somewhat prolonged discussion
on the measure being featured
by the speech of Representative
XT Conn n-P in OUTDO
OlClLll.1 kjC4py v i. V/ ~ tr JT
sition to the bill. The measure, which
was killed, would have provided for
the paying of a salary of $3 per
month to all members 'of the national
guard after six months' seivice.
Speaking in favor of the bill were
, Charles T. Smith, Jr., of Columbia
? ? r TTT_1i
and James JJerrevuie 01 nau^uuiu,
; both of whom paid high praise to the
men of the national guard and their
high patriotism, but contended that
patriotism brought them no financial
gain.
Not For Sale
Renresentative Sapp, leading the
1 ' * '
opposition to the measure, held that
.the men of South Carolina who had
j served throughout the war did not
: need the urge of $3 a month to entice
them into their state's service. The
bill, Mr. Sapp said, would carry an
appropriation of $72,000 in addition
; to the amount given the adjutant general's
department and the time had
-l. ? j iflinri
j come, ne coinunucu,
! must cut its appropriations rather
than expand them. "We have got to
cut out some of the foolish-propositions
into which we were led during
the past years of pandemonium," he
said. Representatives J. H. Scarborough
of Sunrmertron" afctf J. Carl
;Kearse .of Bamberg, both ex-strvice
men, also spoke m opposition cu mc
bill. "The young men of South Carolina,"
-Mr. Kearse said, "will r:ot sell
their patriotism for a mere pittance
and I am opposed to the bill as I am
, to the federal bonus measure. Our
service is not for sale." The motion
' of Representative R. J Wade of Aiken
j county to strike out the enacting
* ?i.:n
words cf the bill was carrieu, su muir.g
the bill.
j The bill sponsored by Representative
F. G. Harris of Spartanburg to
allow sheriffs to charge for only the
actual mileage traveled in serving
warrants, etc., was passed to third
reading without debate, while debate
was resumed on the bill of Senator
Alan Johnstone o* Newberry to provide
pensions fc: certain faithful
negroes who were engaged in the serv-iV*
nf the state during the Gonied
I ? ?
erate war. The motion vf Representative
R. V. Faile of Lancaster to
strike out the enacting1 worda of the
bill 'was under discussion when further
debate was postponed.
The bill, introduced by Representative
Sapp of Columbia :by request,
- 1 A
to provide for the estaDiisnmeni ui
tuberculosis hospitals in any county of
, the state when the qualified electors
l of the county so decide, was tabled
.upon the motion of the author.
, MULES GET FRIGHTENED
RUN INTO AUTOMOBILE
i
I
| A team of mules belonging to Mr.
AHoritton and driven by two negro
men on Main street near Way's drug
store on Thursday morning became
1 * 1 ? J M
frightened at an autimo.Diie aiiu i*u
around the corner into McKibben
street and head on into the automo!
bile driven by Mr. Hodge, crashing
the wind shield and otherwise damaging
the Ford which Mr. Hodge was
driving and turning it over on the
sidewalk and considerably damaging
Mr. Hodge. Fortunately the injuries
to .Mr. Hodge are not serious. The
time should be gone when mules become
frightened at automobiles. They
generally accept them as matters of
course and go along paying no atten
tion to tnem.
ujftm
j Basketball
Tlit-rt* will hi- a basketball game at
tin? !:i.-h school gym. Frulav night at
7 :'I0 ?>'t loci;. 1 Ic-gion defeated the
itoo! by :: v.arrow margin lasi
: :me - '> ;; ?'?> i }r:inu* is expected.
A iif' - ;'.m i " ;?nJ " *> v f-Jl! S
AN EXTENSION FOR
| PAYMENT OF TAXES
1 i
WELLS WANTS TIME LIMIT PUT
AT SEPTEMBER 1
I
Senators Paint Glocmy Pictures of
Conditions in Their
Counties
ColunJbia, Jan. 24.?The temper of j
the senate, judging from the debate i
this morning on Senator Wells' reso?
" . % it x?
lut-.on to extend tne time iur uie
ment of taxes, is to make an extension.
This extension, if the tax machinery
can ibe so arranged, will prob-'
ably be until September 1. An ex-'
tension until June 1 may be said to i
'be insured. i
Senator Wells' resolution provided
for an extension of the time until
September 1 and provided a 1 per
cent penaltv in January, 2 per cent in j
i
February, 3 per cent in March, 4 per |
cent in April, 5 per cent in May, andj
from June to September 7 per cent, j
The finance committee reported an;
amendment making it 1 per cent in !
J?nuary, 2 per cent in February, I?'
per cerii; in March, 4 per cent in April, j
and 7 per cent in May, and after June '
! 1 executions to be placed in the hands j
nf thp sheriff.
Discussion of the resolution gave j
some of the senators an opportunity \
to tell of the conditions prevailing in,
their respective counties, and it was
a right dreary picture that some of,
them painted.
Senator Wells urged the adoption i
of the resolution as introduced by I
himself. He said that the state can
borrow money cheaper than the farmers
can and that it was up to the .
state to do so in this crisis. He did
not think some people would be in !
position to pay before next Septem-!
ber.
Senator Alan Johnstone said it was'
' " -e -Ll-- G ?nM_|
ITU Me purpose Ol Hit .u?::?.;>vc ,? v?"mittee
to hurt the purpose cf the res-;
olution, but he called attention to
|
the fact that under the-law courses,
must settle with the comptroller jrcn-j
oral by July 15.
The senator from Newberry said,
that he appreciated fully the conditions
prevailing in the state and the
necessity for relief.
Senator Hubbard of Jasper said
that the people of his county are in
worse condition than those of almost j
any county in the state. ' He urged a j
lengthy extension of the time for the j
payment of taxes. j
Senator W'ideman said conditions!
were deplorable in Clarendon county
and he, too, though that the time
ought to be extended as long as possible.
Senator T.aney said that the discussion
on this matter had illustrated
the necessity of remedial measures
lirke the gasoline tax, the income tax, j
the inheritance tax, etc. He had'
faith in the people and ibelieved "that
they would work out their own salvation.
The resolution was sent to a third
reading and then was recommitted!
to the finance committee to see rif
the tax system could be changed so
as to permit an extension of time un- j
til September 1. In order for this to
Via dnrtp if. will be necessarv to make
some drastic changes in the tax laws. j
j Senator Bonham brought up his
h'll to regulate the traffic upon the
highways and after a lengthy discussion
the senate voted 23 lo 19 to !
strike out the enacting words, but
after a joint session to ratify some;
acts reconsidered its action bv h vote !
of 23 to 8 and recommitted the meas-l
1
ure the judiciary committee.
; The sentiment of the senate, nccording
to Senator Pear^e, of Rich-'
land, who voted to strike out th:? en-;
acting words' and then moved to re- j
consider, is in svmpathv with the bill,
I
but the view is entertained that in its
present shape is too technical.
Senator Bonham made a strong argument
in favor of the passage of the
measure. He panted out the necessity
of some regulation of traffic on
the highways saying that it is becoming
more and more dangerous. He
-- * < i < i iL.i
called attention to ine xact mat me
,1)111 calls for no impropriation what-!
ever, creates no new offices or involves;
the expenditure of any money. It
simply jrives the state hi;.:-!: way commission
the power to invoke the : i?{ of
the sheriffs, const.tbles a;: i ofiic
? !> of the iaw in it-: ..
; S-? nntor \\*>h: hi . ,i S l-iia
I ' t
spoke against the measure.
Senator Moore of Abbeville said
that he was in sympathy with the
purposes of the bill. He said that
as the state was building more and
more top soil and improved highways
some stringent regulations are necessary
to keep down speeding.
Senator Laney of Chesterfield
thought there was too much detail
a'bout the bill. Its purpose he thought
was good but he did not see that the
purpose would be accomplishel. He
called attention to the provision requiring
every driver of an automobile
to take out a license. He thought the
responsibility for accidents on hEghwavs
should be placed on the automo
** " / ? *
bilists and not on the man in the wagon
or buggy.
Senator Bonham asked him if the
fact that drivers of automobiles pai'.d
a license ought not entitle them to
some little protection against accidents?
The Chestei field senator stuck to
his position that the aitomobile driver
* ? ?-1 - ~
ought to be held responsime ior me
accidents. He thought the matter of
regulating the running of automobiles
ought to be left largely with local authorities.
Senator Young thought the till a
little too technical, but said the state
"??>/ ! enrrta roarnlfltinn?; on the
UUCO IIG^V* *. ?
highways.
There was quite a flurry over an
ir.vitation extended by th<* South Carolina
Ear association to the senate to
attend a reception and dance at the
Jefferson hotei Thursday evening.
Senator Wightman opposed the acceptance
of the invitation strenuously
saying'that he (l:(in't care 10 see anybody
dance. Debate on 'the matter
was interrupted by a point of order
raised by Senator McGhee of Greenwood,
who ka'd previously announced
to the senate that he was hungry and
wanted to go to dinner.
Two bills, introduced by Senators
Marion, Christian and Laney, who
were men: ;ers of a commission that
made a study of the tax situation of
the 5>tate two years ago, were brought
u\) by Senator Christensen and made
special orders. The first of these
bills would amend the constitution by
adding- thereto an article conferring
upon the general assembyl power to
establish a just and equitable system
of raising public revenues. The sec
ond would amend the constitution by
striking out the provisions requiring
the levy of an annual property tax of
three m'ills for schools and the conferring
upon the general assembly authority
to prescibe the rate of such
levy.
"SILVER TEA" GIVEN
BY PRESBYTERIAN LADIES
The '"Silver Tea" given by the
Presbyterian ladiee last week at the
home of Mr. W. R. Reid in Main
street, "was a moat enjoyalble as well
as successful affair.
An interesting musical prugiiuu
was carried out, opening with a piano
solo by little Rachel Mower. This
was followed by a vocal selection 'by
Miss Julia Johnstone, followed by a
vocal duet by Misses Goode and Margaret
Burton. A reading was given
by Mrs. Beale Cromer, after which
Miss Margaret Burton rendered a se-1
lection on the piano. Mrs. Derrill,
Smith and Miss Julia Johnstone sang j
. 1 -*? 117 V n ooncr I
a C1U6I ana iurs. vv. n. uumaiu
a solo. Another reading was given
'by Mrs. Cromer and Miss Mazie Dominick
gave a piano solo. The last
number was a quartette by Mrs. Deryl
Smith, Mrs. Ned Purcell, Miss Julia
Johnstone and Miss Margaret Burton.
Each of these numbers was well rendered
and gave much pleasure to the
audience.
After the program dainty refreshments
of tea and wafers were served
to about seventy-five persons who
were present. Mrs. Reid's home lends
itself well to an event of this nature,
and on this occasion the rooms of the
lower floor were thrown together and
attractively adorned with white hyacinths
and narcissus. A silver offering
was received frcm the guests.
At a recent meeting of the board
of directors of The Herald and News,
in:., Mr. E. L. Ro:!el?perger was elect
I
r.l ousmess manager ui mc
lion to succeed .Mr. James L. Aull,!
who has severed his connection with!
paper. Mr. Rodelsperger entered'
upon his new duties or. the loth inst. ]
FARMERS NEED
IMMEDIATE RELIEF
ft
PRESIDENT OFFERS PROGRAM
FOR RELIEF OF AGRICULTURE
<
About 325 Leaders Gather at Washington
for Consideration of
Farmers' Problems
V
Washington, Jan. 23.?Development
of a thorough code of law and
' -ririfVi +V> a T\Tf\T\Oy
OUSintiSS piUVXUUlC, TT AVli W1V
machinery of finance, to assure the
farmer as generous a supply of working
capital on as reasonable terms 3S
is granted to other industries was advocated
here today .by President
Harding in opening the national agricultural
conference.
"An industry," the presidet said,
{"more vital than any other, in which
I npar!v half the nation's wealth is in
(vested, can be relied.upon for good
(security and certain returns."
j Declaring that in the matter of
| what may be called fixed investment
! capital, the disadvantage of the farm.eis
so impressed pubile opinion that
j the federal farm loan board was established
to meet the n-eed, the president
said the farm still needed some
provision for supplying him with
working capital.
"Compared with other industries,"
he continued, "the wonder is that agriculture,
thus deprived of easy access
to both investment and accommodaj
tion capital has prospered even so
well."
Lines on what financial support for
agriculture may be organized, Mr.
Harding said, are suggested in the
plan of the federal farm loan board
and in those rural finance societies
| which have been so effective in some
jEuiopean countries.
I "The cooperative loaning associaj
tions of Europe have been effective
I oifiian iH\r
iilCCUtl V CO U *J Ulllbvu wt y v j *w? ??
ers/' he continued, "and have led
them directly into cooperation in both
production and marketing', which contributed
greatly to the stabilization
and prosperity of agriculture."
The president told the conference
that "concerning the grim reality of
the present crisis in agriculture theie
can be no diffeences of opinion among
informed people."
"The depressions and discouragements,"
he continued, "are not peculiar
to agriculture and I think it
fair to say there could have been no
avoidance of a great slump from
war-time excesses to the hardships
of readjustment. We can have no
helpful understanding by assuming
that agriculture suffers alone, but ifre
may fairly recognize the fundamental
difficulties which accentuate the agri
cultural discouragements and menace
the healthful life of this .basic tad absolutely
necessary industry."
The farmer, the presidtfti declared.
from the very mode of hi* Ufa is
individualistic bihI therefore
cause he buyj and sells ass an Individual
it is his fate to buy in the nearest
and sell in the cheapest market/*
He contrasted with this the corporation
which, he said, could effect economics
and acquire for itself a power
in the markets by combinations.
The president sraid there wis a
misconception regarding the financial
status of agriculture.
"It can not be too strongly urged
that the farmer must be ready to
help himself," he added. "This conference
would do most listing good
if it would find ways to impress the
great mass of farmers to avail themselves
of the best methods. By this
I mean that, in the last analysis legislation
can do little more than give
the farmer the chance to organize
and help himself."
The president then referred to .cooperative
marketing.
"With financial support for agriculture
and with instrumentalities
for the collection and dissemination
I of useful information," .he said, "a
group of cooperative marketing organizations
would foe able to advise
their members as to the probable demand
or staples, and to propose
measures for proper limitation of
. i mi. _
acreage in particular crops, ine
certainty that such scientific distribution
of production was to be observed,
would strengthen the credit
of agriculture and increase security
on which financial advances could be
made to it. The disastrous effects
(Continued on Pa^e 5.)
-<l\3
.