The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-11
ALDRICH'S PLAN
UNSOUND--- HILL
Continued from Page one.

. vocable. the organization would not be
lintrcnchcd behind the law creating t.,
and the contemplated voluntary assoc
Iciaton would be and remain always
subject to the supervision and open to
check or modification by law Il al any
time this appeared advisable"
our monetary system had always
been. and Tor more than a generation
has been acknowledged by all well-in-
formed persons TO be profoundly un-
satisfactory" Mr.. Hill continued. yet
liule has been done 10 improve IT, The
initiative should be taken by the bank
ers. II is in a special sense their
problem
Mr.. Kin told the bankers that the
lsubject of his address was the bank
lers' relation to wealthy production, cN-
Ichango and distribution, and. discuss !
ing the distribution of wealth. he COM
mented upon the unsatisfactory bust
mess condition of the country and de- |
cleared that great business, particularly |
1.-THE railroad operations, were at a |
standstill because so many important
! business interests are either under
| fire or apprehensive OF assault Near
ly all the cutlery and activity against
corporate wealth." ne asserted, lis FOR
political effect rather than moral re-
form"
Remedy for Business.
THE proof Of this he said. lis the h
simplicity and effectiveness of the real II
remedy, which is not applied II would l.
be an easy matter to put an end To S
tho abuses of both monopoics and ID
trusts. Enforce the laws against those
who break them, and the former will
disappear. The trusts viii vanish as
soon ms they are compelled To show
that every dollar of their capital
stock has been paid FOR in cash or
property and labor at a fair valuation.
obiige every corporation to do this,
under penalty Of an assessment ON
stockholders to make good any def
cheney in capital or surplus, or else a
scaling down Of capitalization to actual 4
values, and the trusts would not long I
bother anybody. Many are less inter-
'stod I'm restraining trade than in sell
ng stocks and bonds not representing /
'ctuaI value received or used in their
business. Present conditions will re-
luire some review and reform OF tran =
'actions already accomplished, which :,
should not exist in the face of facts y
hat are being brought to light
The Farm Problem.
Speaking Of the farm, Mr.. Hill said
hat the main fact about that industry l'
is that it is producing today less than u
half Of what II could be made to p'
reduce, without material additional u
utlay of capital or labor" u
Tho farm will fail and the founda- al
ION of all our prosperity be under ~
lincd unless agriculture is reformed. al
TCady the percentage of our people 70
ctIvely engaged in farming has fallen to
ON l736 in 1870 to an estimated 80 80
1910 Every man ON the farm today %
Iust produce food for two mouths be
gainst one forty years ago. Note the pc
1andoned farms OF New England and Tn
he Middle states Six rura. counties ca
New York show population loss pa
the last ten years Of more than at
600. while the two cities they contain
creased by over 1000. The homes of is'
10 Puritans are i'm the hands of the to
lrifty French Canadian ana the i'm
grant from Continental Europe. or
arm lands in many states are already in
shaustcd and being deserted. The av- o''
age American farmer has no equal
II carclessness ana for adhering 10
scredltcd methods Of cultivation.
Unless we ADOPT improved methods
farming we will soon be unable to -
ihcr feed ourselves or to furnish :
Ic boosted home market for the other
dustries that we are building on
instantly narrowing base.
These methods are simple and well
1own. The essentials are rotation of u
OBS, more intensive farming. a moro
elucnt and thorough cultivation Of
.e soil, careful seed selection ana the
dicious use of fcrtilizng material ILC
aed selection alone is of great i'm
'rtance. II has added from $4,000, 600 wa
'Ward to the value Of states crops. -