The herald and news. (Newberry S.C.) 1903-1937, April 28, 1922, Image 1
Q jS J
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VOLUME LVIII, NUMBER 34. NEWBERRY, S. C., FRIDAY, APRIL 28, 1922. TWICE A WEEK, $2.00 A YEAR
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DILATORY ACTION
ON TARIFF BILL
REPUBLICANS APPROACH CONSIDERATION
CAUTIOUSLY
Big Business Pressing Republicans
for Passage Only Pressure
Now
Hugh W. Roberts in The State.
Washington, April 25.?The Republicans
approach the enactment of
the Fordney-McCumber tariff as gal
ley slaves scourged to mexr wuui.
But for the insistence of "big business,''
it is .generally believed that
. they would forego all tariff legislation.
*
For it is recognized by Republican
leaders that for the passage of permanent
tariff statutes the times are
peculiarly out of joint. Whereas in
other days the United States was a
borrowing nation, it is now the creditor
nation of the world and possesses
more than half the gold supply of the
world.
And Europe can not pay its enor
^ rnous obligation amounting to more
than $11,000,000,000?and thus restore
American prosperity?unless
1 ^Europe is permitted to scale the tariff
wall with its merchandise.
While Republican leaders recognize
the foregoing facts, they are forced
nevertheless to proceed. "Big business"
is most insistent. "Big busihess"
has chafed under inordinate delay
whcih has already attended Republican
efforts. The whips are
cracking and the Republicans are
proceeding but slowly and totally
without enthusiasm.
The consuming public is already
registering its protests. The Republican
press is already scoring the
meacure which pends before the sen
ate. The New York Herald, the New
York Globe, the New York Tribune,
the Brooklyn Eagle, the Philadelphia
Public Ledger, the Chicago News and
other notable publications which generally
subscribe to the Republican
paternoster have displayed bitterness.
Both Parties Oppose
But the chief contributing factor
to Republican trepidation is the fact
that the public, not only Democratic
^ but Republican public, indicates unmistakably
that it will not stand for
tfco froniihlirans increasing: the cost
of living in response to the dictates
of "big business."
This public has already secured one
victim. Ira C. Copley, representing
the Eleventh Illinois district and a
member of the ways and means committe
of the house, out of which came
the Fordney-McCumber tariff, has
been beaten in the primary election
by Frank R. Reid, Republican.
Reid was a bitter critic of the administration,
cf the Republican congress
and of Copley himself. argued
that the consuming public had
absolutelyno chance at a fair play
? * 1 'ii _ J
as long as the Republicans pernmteu
millionaires to organize the ways and
means committee and write tariff
laws which affect the dinner pail of
everybody in the United States.
Had Copley, who is an experienced
legislator and wealthy enough to conduct
any kind of a campaign, been
returned to congress despite the criticism
of Reid. no fear at present
would grip the heart of the Republican
congress. But the people in this
vro-rp Rermblieans. listened
to Reid and surprised the nation by
. defeating Copley.
The issue was the tariff which the
millionaire ways and means committee
reported. The issue was well de'
fined. From Reid's campaign literature
the following: is reproduced:
"Who are the men who frame the
revenue and impose laws on the nation
which vitally affects the business
interests of every man who has something
to produce or sell, every farmer
who grows a jushel of grain or a
pound of beef and every wage earner
in the Eleventh district?
"The committee is composed of 17
Republicans and eight Democrats.
The Republicans, of' course, control
the committee. Eleven of them are
millionaires or multi-millionaires. It
would be impossible for them to legis
late from the viewpoint of the consuming
public."
Wealth Do mineers
Following: his election. Mr. Reid in
^ a signed statement, said: ''The cam>
paign was waged against a system
' under which a dozen men of great
L
'new bank ready
j now for business
j Former Congressman Lever Head:
Institution?Bank is in Palmetto
Building
' The State, 26.
I a i? T.ovpr former congressman
who recently resigned from the fed
eral farm board to accept the officc
i of president of the First Caroline
' Joint Stock Land bank, arrived in Columbia
yesterday and at once begar
making preparations for the openinp
of the bank. The new institution wif
have offices on the fifth floor of the
Palmetto Bank building and is read}
now for business.
With Mr. Lever there arrived yes:
terday H. E. Way of Washington, sec
retary of the new bank, who has heretofore
been in the service of the fed
eral land bank.
i The new bank, Mr. Lever said yesterday,
will be under federal charter
and will be under the same strict supervision
as controls the land bank
, and will make loans to the amount oi
50 per cent of the appraised value oi
farm lands. The bank begins business
with a capital stock of S2r>0,000
which is to be increased as the necessity
for a larger capital becomes imperative.
"With the financial backing
which this institution has, it will with
in a few years be one of the outstanding
financial institutions of the two
Carolinas," Mr. Lever said.
The maximum rate of interest tc
be charged on loans, :ut. jl.cvCi
was 6 per cent. The bank will loar
direct to borrowers.
"I regard this as a wonderful field
for such an institution, not only foi
us but for the service wich it will
perform in bejjalf of the general
good. It is the first organization of
its kind in the two Carolinas," Mr.
Lever said yesterday.
'I am happy to be back m tne sia/tt
again/' Mr. Lever continued, "in connection
with this bank, and with ni
politics is forever a pleasant recollection.
"I have already turned down twc
invitations to fill engagements, anc
am here for business and not for political
speechmaking."
Mr. Lever is president of the new
bank; H. E. Way, secretary; J. P.
Matthews, first vice president; Thomas
& Lumpkin, general counsellors
the second vice president has not ye1
Hppti rhosen. The board of director?
is composed of Mr. Lever, Mr. Way
Mr. Matthews, A. M. Lumpkin," W. B.
Drake, Jr., of Raleigh; A. W. MacLean
of Lumberton, N. C.; R. E,
Webber of New York and F. L. Put
nam of New York.
THE REPORTER SEES NO HARM
IN ORDER OF SHIFTERS
I
| All at once there is a great hue anc
-x " TV.O nit.
cry against trie oun^. ? ?
cry, we suspect, comes from persons
who do not belong to the "order,"
just as most of the people who "kick'
against moving pictures rarely evei
see a picture?not that 'some of 4.h<
pictures are not good. This new "order,"
as we see it, is nothing but <
little fun and innocent amusement
Some of the very best people of New
berry, men and women, young anc
old. belong to it. Some people car
make harm out of any and every
thing. Way back yonder Satan trier
to make harm in heaven, but wa:
banished from the company of th(
good angels. We are not taking u]
; for the Shifters. If certain good am
uneasy peopie think it is wrong w<
, will not dispute with them. We wil
. only say if this order is not right
then bridge playing, where the lose:
; is "caught," is no more right. Le
these reformers go a step farther
while at it, and turn their batterie
on things that need looking afte:
rip-ht under their noses. These sam<
persons, or some of them, have beer
"frolicking" rather than attending
the sDiendid services at the First Bap
tist church.
j The early bird used to get th<
worm, and now he gets a place t
park his car.
; wealth dominate the action of con
gress on matters of tariff and taxa
\ tion and use their great power to se
1 cure legislative protection for them
. selves."
Mr. Reid. in other words, resorte*
! to good Democratic doctrine to un
f
seat his opponent.
4
SMITH HEARS PLEA j
FOR INJUNCTION!
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TELEPHONE COMPANY SEEKS 1
PERMANENT ORDER
I O^? v A/.f of rir?r?(?ral Assembly
, Rc.ducing Rates Point in
i Issue
I
_ j
1 The State. \
Charleston, April 2-1.?A hearing:
' was held in the telephone injunction
; case today by Judge H. A. M. Smith
of the United States Eastern district
court, and after hearing arguments
of attorneys representing the plaintiff,
the Southern Bell Telephone &
Telegraph company, and the various
state authorities. Judge Smith took
the case under consideration. The
plaintiff had petitioned for an interlocutory
injunction restraining state
nffifials from enforcing: the recent act
; of the general assembly regulating
; the maximum price which may be
charged by telephone companies in !
the state, and in the meantime Judge
' Smith had granted a temporary restraining
order, and the defendants
then petitioned that the plaintiffs
complaint be dismissed.
' The following attorneys were on
hand to represent the telephone company:
Grier & Park of Grenwood, W.
S. Nelson of Columbia, Hagood, Riv'
er?: <fc Younc of Charleston, Henry E.
' Davis of Florence and Willcox &
1 Willcox of Florence. The defendants
were represented by Attorney Gener1
al Samuel M. Wolfe, F. A. Miller of
Hartsville and Stephen Nettles of
Greenvjlle. i
The arguments before Judge Smith ,
today were mostly of a technical nature.
The plaintiff alleged, in its complaint;
that the new law regulating
telephone rates is of a confiscatory
nature and therefore unconstitutional.
and in the hearing today this point
was stressed, as was the point that
unless the injunction were granted,
^ the plaintiff would be faced with a
multiplicity of suits in the state
courts, resulting in immense penal- j
ties and fines.
Supporting its motion to dismiss,
the complaint, the respondents claim-!
ed that the plaintiff had adequate re- J
lief through appeal to state courts.
' The question as to whether or not
the motion for an interlocutory in
junciton should be heard before a
tribunal of three federal judges was
also taken up in the hearing.
The hearing commenced shortly after
11 o'clock and lasted more than
an hour. The railroad commission of
South Carolina and Samuel Wolfe,
; attorney general, are among the respondents.
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L
DR SK!NNER HAS DONE GOOD
: SERVIUt hUK lNt.Wi3t.KK.i
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I
' Dr. Skinner has preached power
ful, most appealing and far-reaching
i sermons all the way through the se
ries of meetings in the First Baptist
i church. He is a convincing preach.
er, a deep and clear thinker with his
- reasoning faculty developed to the
[ highest order. We have no fault ro
i find with this man. Like all truly J
- great men Dr. Skinner is modest.
1 Just as "the bravest are the tenderest, 1
- lnvinjr the most daring/' Dr. !
; | Skinner, "eloquent in h"'s simplicity," !
3 with his wonderful grasp an 1 remark1
able range, yet exhibits the beautiful
3 and rare trait of mode-it;;. Hv draws
1 men to him with the maga^t of love.
People love him because M.cy know
r he loves them. The ;reafc !o/e in hit
heart shines in his countenance and
.|is felt by his hearer;. We can not
s sirJi wc would wish t * ?ay ;>f P:.
r Skinner. We know he would rather
? we say that he has done good in Xewi
berry. This is true, and his btne>
fic-ial influence will long be felt here.
mn u
Death of Mrs. Gruber
Mrs. Carrie C. Gruber. wife of Mr.
e Geo. C. Gruber, died at her home in
0 the Beth Eden section on Tuesday
night at 11 o'clock, from the effects
- of a paralytic stroke received only on
- the previous Friday evening at 6
- o'clock, at the a.e:e of 64 years, and
- was buried Wednesday afternoon at
- o o'clock, at Beth Eden church, service
by Rev. L. P. Boland. Besides
1 {her husband, she is survived by one
- sister, Mrs. Gilliam Fulmer of Newberry.
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MEMBER DEFENDS
SHIFTERS' ORDER
Clajms Organization is for Promotion
of Good Fellowship and
Harmless Fun
To the Editor of The State:
In behalf of the Royal Order of
Shifters, of which I am a member,
and in order to correct some of the
unjust statements which have been
circulated about this organization, I
wish to set forth some facts regarding
it.
1. The Shifters is only a harmless
organization for the promotion of
harmless fun and good fellowship.
The fact that it has grown so fast,
to be so strong, and the fact that
many of the most influential and enlightened
of our citizens are members
should convince anyone of the truth
of this statement.
2. It is very inexpensive to become
a member. In fact, the only expense
is a small initiation fee, which will be
refunded to the initiated if he lives
up to the requirements or the oath.
3. There is nothing in the organist;
tn rnmncl anv erirl to associate
with any boy or anyone else with
whom she does not desire to associate.
If there were any such provision
does it seem possible that members
who have wives, sweethearts and
daughters would advise them to join?
And would any self respecting girl
tolerate this practice? Yet every
member will advise their best friends
to become members. Ask any memKa,.
;f Vio ic cnrrv hp hecame a mem
ber. The vast majority will tell you
that the Shifters is the greatest organization
of its kind ever begun, and
that his only regret is his failure to
join sooner.
Finally, I wish to emphasize the
fact that the Shifters is an organization
for the; promotion of good fellowship
and harmless fun. Any attack
made upon this organization
must come from someone.who does
i
not understand the high ideals and
aims of the order. It must be remembered
that "idle tongues will
wag." and that "he who knows Jeast
talks most."
NEWBERRY COUNTY
ROAD BONDS SOLD
Newberry county sold on Tuesday
afternoon $200,000 worth of road
construction bonds running 40 years
a a r* r* r\ ryii 1 ^
at 5 per ccnt tor $zu4,oou. ine saie
is regarded here as a decidedly good
one. The buyers of the bnods are
Stacy & Braun of Toledo, Ohio. The
county also let the contract for constructing
37.6 miles of top soil roads
in the county to the Newell Contracting
company for $102,941.25. This
* i i r
mileage includes eight ana a nan
miles between Pomaria and the Richland
county line; Bush river church
road from city limits out five miles;
the Calks' Ferry road from Prosperity
to the Lexington county line, seven
and half miles; Ninety-Six road
between Whitmire and the Brick
house, five miles; Belfast road from
near Longshore to the eleven mile
post near Dominicks, five miles;
Kcmpson Ferry road, six and sixtenths
miles from Rocky branch to
Saluda line at Alligator Rock bridge.
WHAT SOME ONE ELSE
TOLD SOMEBODY ELSE
The State on Wednesday made
pleasant mention of two young ladies
stopping over in Columbia on a hike
from Miami, Fla. We allude to this
to say that after we had spoken respectfully
of two young women "hikers''
in Newberry last week, some?
one told us that someone eise told
him that he had been told that it had
been said that if people had seen
them talking1 to a certain man it
would not have been good for their
reputation. This reporter is not the
sort of man to think that because a
girl is lively and friendly she is not
all right in every other particular,
although ''birds of a feather flock together.*'
Those young traveling girls
do not know the character of a
stranger they happen to meet. But
that is where girls make a mistake.
There are men in this community,
married as well as single, with whom
to be seen in company with a decent
girl would be dangerous to that girl's
reputation. This little incident shows
how ugly reports get started, and
then they spread like the blaze from
:i match in the prairie grass.
SEVENTEEN LIVES
| LOST IN FLOOD
i SCORES OF RESIDENCES SWEPT
AWAY IN FORT WORTH
I
J
Flood Most Severe in History of
Texas City With Trinity River
at Thirty-six Feet
i
Fort Worth, Texas, Api'ii 25?Seventeen
probably dead and property
damage estimated at approximately
$1,000,000 is the toll of a flood wmcn j
swept Fort Worth early today, carry- j
ing before it scores of residences and j
small buildings, overflowing hundreds j
of acres of land and inundating sevcral
city streets.
The estimate of possibly 17 dead I
was made by L. G. Whit?, ir. charge
of Red Cross relief. The flood was
confined chiefly to the lowlands adjoining
the tributaries of the Trinity
river. Marine, Sycamore, Clearforks
and the Trinity river were swollen, |
overflowing the bottoms nearby.
The flood is the most severe in the
history of the city according to old
time residents. Trinity river stood
at 3G.7 feet at noon and was still rising.
The gauge measured only seven
feet yesterday. With the break of
the East First street levee late today j
it was believed the water on being
released would spread out, losing
some of its force.
Coming on the heels of.rains, the
heaviest in the history of Fort Worth,
and a wind and electrical storm, the
flood took scores of people by surprise.
The lowlands adjoining Sycamore
creek were the first to suffer
and at one time water was standing
level with the roofs of residences.
Word reaching here tonignt irom i
points north of Fort Worth indicates!
that a further rise of the water is ex-j
pectod. Rescue workers are laboring:
tirelessly in bringing relief to flood
sufferers.
With boiler rooms of the city power
and light plant flooded, residential
Fort Worth is spending a ni^ht in
darkness. No drinking water has been
available since early morning.
j With the city facing a night of j
darkness 500 members of the Ameri-'
t ^ ?,./-> no tvrtllin<r +Vip sfrppfs.
j L'cill JLjC^ i lmi a j |/auiviiuih wi.n, ~ ~ ^ 7 ^
augmenting the police force.
Many highways were covered with
water, cutting off traffic.
I
Fort Worth, April 25?John J. McCain,
Fort Worth city engineer, is-i
sued a statement tonight, in which he
declared that the levees around the]
rivers which broke here early today j
and flooded lowlands of this city were
"dynamited by unknown parties" and
that an investigation by a srand jury
would be demanded immediately.
"It is our opinion that the levee did
not break of its own accord but was
dynamited and as soon as the situation
is relieved we are going: to place
the facts before the ?rand jury and
demand an investigation" McCain de
clared.
"This decision is based upon a report
made to me by John J. Lyden,
field supervisor and a member of the
levee board for the last 12 years, in
. which he declared he had men paj
trolling the levee all Monday night
and all day Tuesday and that it was
. his opinion that the levee was dynamited.
"We are not placing the blame upon
any one but we are going to place
the facts before the grand jury."
I
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St. Louis, April 25.?More than 3,500
persons are homeless and at least
1,500 homes in the Trinity valley between
Arlington Heights and Fort
Forth, Texas, are inundated, according
to advices received by the Southwestern
division of the American Red
Cross here tonight,
i 4
New Orleans, April 25.?The Mississippi
river rose one-tenth of a foot
here today, the guage standing at
22.6 feet. The previous high record |
here was 22 feet in 1912. A maxi- j
mum of 23.4 has been predicted by
May 15 to 20.
Official reports Of satisfactory levee
conditions continue to come into
federal, state and parish levee engineers
today. Topping and blanketing
of low embankments'was in progress
throughout the day all along the lines
but flood control agencies declared;
j no serious jHfljculties had been en-i
1
FINANCIAL DEPRESSION 7
CAUSES MUCH CONCERN *
J
Harvie Jordan Writes From New
York of Observations Among
| P
Banking Interests
The State, 26. j
Investigations among: leading banking
and business interests of the metropolis
of the nation convince me
that the present financial condition of rp
the country and the enormous losses
rnenltincr tn ppTirnlfiirp and business T
il^u,v,"b j
as a result of the drastic deflation ^
policy inaugurated in 1920, is being
i viewed with deep concern in this sectic
of the nation's concentrated u
wealth.
j With twelve billion dollar losses by ^
the Arherican farmers, most of which p
is still unpaid, the depreciation and jj
sacrificeof Liberty bonds by the mass- s
es, and the wreck and ruin of a multitude
of bankruptcies, this condition s
has generated a nightmare of serious p
alarm in the minds of many leading Q
financiers in the East. These multiplied
billions of losses, now being ^
held in check in many local depart- j.
mnn+c <->f fraHp anH small hanks. must J
inevitably find their way into and be g.
unloaded on the strong boxes of the <(
great centers of finance. There can be (
no escape from this ultimate result, p
The farmers are unable to pay off p
debts contracted in an era of unparal- ^
leled inflation with deflated dollars
and a continuing period of low mar- p
ket values for staple farm products, j
The truth is gradually finding lodg- ^
j nent in the minds of our big finan- j(
ciers that without credits or cash
farmers can neither stimulate produc- 9
tion nor liquidate past due obliga- c
I tions.
It is now generally conceded, even fc
in Wall street, that the debacle of r
artificial deflation went too far and j
that the distribution of the enormous j
losses in the agricultural sections can t
not be held in suspense much longer, j
When the day of final settlement and j
liquidation comes, the overflow of
losses upon the small streams of the q
country must automatically be a'b-:orbed
in large measure by the great j
financial centers of the nation, be- ^
cause ultimately the decks now loaded
with debts must be cleared and
the final toll of deflation accounted
for. j.
There is strong outspoken senti- g
ment in Wall street against the inau- j
guration of an agricultural bloc in
congress. This is neither surprising .
nor unexpected. The policies of the c
government have so long been con- p
trolled by big business concentrated v
finance in the East that any attempt fc
by congress to enact measures of real s
benefit for the South and West is t
looked upon with suspicion and undis- t
guised objection. Farm legislation c
of any kind in congress, particularly t
If related to finance, arouses both in- e
dignation and resistance among tho?e 1
who breathe the atmosphere flowing s
through the skyscrapers of lower u
Manhattan. This is not due to any
sentiment antagonistic to the welfare e
l of the farmers as individuals or to t'
' the agricultural industry as a whole, ti
It bespeaks a jealous fear that the b
j enactment of federal legislation re- p
Iating directly to agricultural finance t
| may encroach upon the rights and s
emoluments of centralized backing d
and curtail the powers of Wall street b
i in its supreme control of the banking , t<
i interests of the nation. Some of the j tl
i big trade papers of Wall street, re-; E
fleeting the sentiment of big banking |n
interests in that section, bitterly as- j t<
sail the senatorial agricultural bloc j tl
and every agricultural measure in-: a
troduced in congress which in any, ir
wise tends to bring financial relief to j a
farmers, even in this crucial hour of , T
their fianancial distress. ! G
The new system of agricultural j tl
? a
countered at any point. J p
I ai
Natchez, Miss., April 25.?A seri- j
ous slough appealed in the Mississippi; g
between Byrne and Buekridge, about, i
11 miles above Newellton, La., today, j ti
A crack about 40 feet long with clea*- tl
water showing developed. The threat- iT
ening condition caused great app|e- rv
hension for a time and men were;
rushed from adjacent points to com- j t<
"jat the new trouble. Late reports p
from Newellton stated that the levee h
is now in a satisfactory condition. f<
Kngineers stated that aii ievees in f<
the Fifth Louisiana levee district are d
holding. c;
iRSKINE STUDENT
WINS FIRST PLACE'
RESBYTERIAN AND NEWBERRY
SECOND AND THIRD
. C. Reid, Jr., Takes Initial Honor
With "A Nation's Temptation."
'he State.
Greenwood, April 21.?J. C. Reid,
r., of Charlotte, representing Ersine,
won first place tonight in the
nnual South Carolina intercollegiate
ratorical contest. His subject was
A Nation's Temptation."
SprnnH nlaro was won bv Louis C.
.aMotte of Clinton, representing the
'resbyterian College of South CaroIna.
His subject was "Wasted Reources,
Blighted Lives."
Karl Kinard of Johnston, repreenting
Newberry college, won third
lace. His subject was "The Price
f Permanent Peace."
Nine colleges were represented in
he contest this year, which was held
n Ladder college auditorium. In adition
to the winners, the follownig
poke: R. I. Herbert, Wcfford college,
The Rights of All and the Desire of
)ne;" A: C Phelph, the Citadel, "The
^ace in the Sun;" C. J. Campbell,
'urman university, "Crowning the
Jncrowned;" Isadore Givner, College
f Charleston, "America's iNeed;"
'ant Kelly, University of South 6aroina,
"The Sovereignty of Good
Vill;" R. W. Coursey, Clemson colege,
"An Ideal National Character."
Mr. Reid, winner of first place, is
!1 years of age. In 1920, he won
econd place in the. state oratorical
ontest. He ^ a membj3?.pf the bn*e>all
squad o$ Erskine "cbllege and a
riember of The Erskinian st?.ff.
udges in the contest wer^Dr. Wiliam
Way, Chtistef; Judge q C. Feaherstone,
Greenwood; A. C. Todd,
-aurens; J. a. Fark, lireeirwoa; ur.
Sheppardson, Chester.
The annual oratorical contest i*
>ne of the most important events in
he college year among South Caroina
colleges and annually attracts
arge numbers of visitors.
Bled?oe-Davenport
Miss Thelma Bledsoe . nd Mr. Jack
)avenport were married on Sunday
fternoon at 4 o'clock by Re/. J. E.
Teng.
redits f^r short term farm loans now
lending in congress will doubtless be
igorously opposed by these large
lanking interests, their satellites and
upporters. Wall street banking inerests
appear to be obsessed with
he idea that the destinies of Amerian
finance is a divine heritage which
hey alone must exercise for the benfit
of every department of American
ife; and that any encroachment upon
uch rights by government even is an
unpardonable sacrilege.
Wall street bankers have undcubtdly
rendered a great service to
i KnnVs throughout
IIU Uia II US KJJL ^ ^ _
he agricultural sections of America,
iut there has never at any time inihe
ast been displayed any spirit of alruism
toward the sections to which
uoh banking services have been renerea.
The nation's demands for a
roader and more comprehensive sys3m
of finance have grown beyond
' ?1 - - ? J
ne nxea set ruies anu ic^uiauvuc Vi
lastern finance. The farmers of the
ation can no longer look with safety
d the bank vaults of the East nor to
he federal reserve banking system
s now dominated by Eastern banking
iterests for satisfactory short term
gricultural credits in the future,
hey have their eyes turned upon the
oddess of Liberty towering above
ie capitol at Washington where the
uthorized representatives of the peole
sit in judgment upon the nation's
(fairs.
It has been a long drawn out strugIe,
and the great masses of the peoie
have borne the sufferings and
ials of financial oppression until
ley are well night exhausted and allost
mendicants upon their own dotain.
But a brighter day is dawn
ig\ the country will rebuild its shatered
fortunes and enter upon the
athway of the future with renewed
ope and safeguarded by a system of
?deral agricultural credits that will
jrever protect the agricultural inustry
of the nation from the fearful
itastrophe of the past two years.
,A
'