The midland journal. (Rising Sun, Md.) 1885-1947, 1913-12-26
WASHINGTON LETTER.

er Clark denounced Mann as conspira-
Tor against progress.
Mann was giving voice TO statements
such as have been circulated Hover the
country by financial and political inter-
ests seeking to depress business for ul-
terror purposes. While he was raising
bis calamity howl and warning the
party in power" labor commissioners
from six states were announcing In
Chicago that no more men are ont Of
work this winter than any other.
Speaker Clark denounced the utterance
Of Mann and similar remarks by Senator
Root, former Speaker Cannon. formef
Governor Hadley and Chairman Hilles,
| of the Republican national committee.
The speaker added that Mr.. Mann and
the others mentioned ..have been the
greatest calamity hoVlers in this country
this fall"
I've heard it said if man start down
town and enough fellows TELL him be is
sick. he will get sick. That's what these
fellows are doing. They are getting
something in the papers every day abont
calamity, and after while. if they keep
it up, they will make some people believe
conditions are going to the dogs.n
Speaker Clark declared that the panic
| of 1893 came on as result of the Nc.
Kinley bill and that there was no truth
In the .'fossilized statement that calamity
comes with the Democrats and prosperity
with the Republicans.
#**
President Wilson'S plan for Legislation
to establish an agricultural credit system
will be made public in the report Of the
national commission appointed year ago
to investigate the subject.
The report has been submitted to the
president and has been approved by him.
1t proposes the establishment of land
mortgage banks only. These banks are
70 make loans upon farm mortgages for
long terms of years. and will be author
Lied to issue bonds based upon these
mortgages.
The purpose is TO enable farmers to CD
tain capital with which to improve and
to extend their operations, using the
credit obtained from their real estate
holding to the best advantage.
The bans made are to be payable in
easy installments through the long period
of years the mortgages are TO run.
~
| Secretary Bryan and Chevalier van
Rappard. Netherlands minister. have
signed treaty providing that any ques.
ton between the United States and the
Netherlands which cannot be settled BY
diplomacy shall be submitted for invest
Igaticn to an International commission of
| five members.
The period of investigation Is fixed at
one year, although 1t may be shortened.
This is the first treaty between the
United States and an European nation,
based upon Secretary Bryan's peace plan.
Similar treaties have been negotiated with
Eve central American nations.
The Observation-Disclosures convention
embodies generally the principles of Sec
Rotary Bryan's plan to end warfare be-
tween the nations of the world, but Ii
differs in some details from similar facts
already signed.
=.
The administration currency reform
bill. proposing revision of the financial
system Of the United States and the crea-
ton of regional reserve banks TO act as
stabiliziug elements in the banking and
financial world, passed the Senate Friday
night by vote of 54 to "a.
Forces that had fought together for i'm.
provement and amendment Of the meas
ure to the last, divided when the FINAL
vote came. Senator Hitchcock, who had
led the opposition to the bill, returned to
the Democratic ranks and Senator Weeks.
one Of the leaders on the Republican side
with five other Republicans and Senator
Poindexter (Progressive), voted for the
passage OF the measure.
-.
Emphasizing the necessity for fnther
action by the federal government to pro-
vide greater safety for travellers and EN-
ployes upon American railroads, the In.
terstate Commerce Commission. in its
annual report, submitted to Congress.
makes vigorous recommendations for adj
ditional powers over the physical conssuc.
ton and operation of the roads. The
commission also recommends that il be
given authority to supervise the issue OF
railroad securities and some measure Of
control over the capitalization.
| Conditions disclosed by the commits
sion's investigation Of railroad accidents
during the year present q situation v hicb.
The commission be.ievess ought to Be the
subject Of immediate leeislaiion.