Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1912-06-07

fairs.
Publicity That Has Value.
The government has benefited vast.
/ ly by its attempts to employ proper
| publicity agents. and II any OF the
writer's on behalf of the government
service have overstepped the bounds
OF propriety they have unquestionably
dealt blow to publicity of the right
kind. Take the bureau of education.
for instance. 1t furnishes and has been
furnishing for some time interesting
matter concerning educational affairs
| all over the country, and the trend of
education In other countries In the
main II Is wholesome stuff and fire.
quently it has not only real educa-
tional value, but real news value. The
stopping up of this source of educa-
| tional publicity probably would not
only be an injury to the government
but a distinct loss to educators all
over the country who take a deep In
terest in their profession and all that
pertains TO It. OF course the publicity
matter referred TO does not include
the regular publications OF the de-
| partments. There has been no hint
of an intention to interfere with their
Issue
Not long ago there was established
by congress what was called a bureau
of mines The officers OF this bureau
are engaged In the work OF showing
mining corporations and their EN-
/ ployes how to prevent accidents and
how to save life and property. Some
of the material furnished by the pub
licity agent of this bureau has been
read by hundreds of thousands of ESQ
pie the country through Frequently
| these articles have been accompanied
| by illustrations made from photo
graphs o. actual accident and life-sav-
| ing scenes
The state department also has
| publicity agent. and now much mate
rial is given out of a kind which be-
fore this was held secret simply be-
cause the holding of everything secret
was the departments custom.
Cheaper Money for Farmers,
The American state department
through FIVE of It's ambassadors has
been investigating European systems
by which the farmers there are en-
| abled to borrow money at reasonable
rates The intention of the state de-
partment, after studying the results of
| the investigation, is to attempt to in
troduce the European system in this
| country, so that the American farmer
can borrow money at cheaper rates
II seems 10 be the administration
thought that If the European system
is adopted In America the farmer can
raise money on his farm by means of
bond saleable in any part of the
country. In Europe, It is said, the
farmer borrows on equal terms with
the biggest railroad, industrial corpor-
alton or municipality. The state de-
/ partment in a printed communication
to the public on the matter says:
''The investigation is considered one
of the most important undertakings
yet attempted in dollar diplomacy.
Myron 7. Herrick. the newly appointed
ambassador to France. is Secretary
Knox's right-hand man in the inyesti-
cation. Mr.. Herrick is himself the
product of an Ohio farm. and has made
the problem of the farmer" hobby
for years. When the work In Europe is
completed the state department Will
prepare an organization plan to fit the
scheme to American conditions, and a
legislative program will probably be
mapped out for the president to sub
NIT to congress. The investigation is
centered about the Credit Foncier OF
France and the Landschaften OF Ger
many.
How the Credit Foncler Works.
THE Credit Foncier Is lImited-li-
ability company operated under the SUI
pervison of the French government
for the purpose of lending money to
public service corporations, communi-
ties, counties and landowners. and to
create and negotiate bonds based on
mortgages which are limited to the
amount due from the lender. In
other words, the Credit Foncier acts
as the agent for the French farmer. so
that instead of seeking to raise money
directly from some local investor by
mougasing his farm, the farmer places
his mortgage with the Credit F'oncier.
which In turn issues a bond based upon
that mortgage and which can be sold
anywhere throughout the country In
this way the French farmer is freed
/ from the necessity'of borrowing In the
limited market of his own immediate
vicinity.
ut is just this restriction hich e
forcing the American farmer to pay ex.
orbitant rates of interest and to put
up with none too acceptable terms. In
this country the farmer is practically
forced to borrow from some investor
| in his community. If local con.
ditions make money tight" there he
suffers accordingly. In one section OF
the country he pays six per cent. In
terest. and In another ten per cent.
though in both instances the security
offered may be the same Never can
he compete with the bonds OF the big
industrial corporations. though in
many instances the security which ha