The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-09-09
TODAY
IN THE NEWS
Falls Plan Is Best
Debs and His Doctrines
! ENCOURAGEMENT today Of
H. o,,.;,,,,o,, of ,n,nu,if

- lhe appointment ol colllhlt-
tees To supervise direct
loans 10 southwestern stockmen,
from the Federal Reserve banks of
Kansas City and Dallas, while IL is
a step in the right direction, does
not solve the difficulties Of New
Mexico stockmen, aud probably
will not solve them. The procedure
for obtaining the direct loan from
the Reserve bank remains compli-
Gated. Many stockmen who need
aid immediately will not know
how to proceed TO get il. There
will of necessity be long delays III
passing on loans applied for.
New Mexico, for instance, is
divided between the two Federal
Reserve banks. Northern New
Mexico is in the Kansas City dis
trict. Southern New Mexico is in
the Dallas district. Out of the ten
men making up the two commit
tees for the respective districts,
New Mexico has but one represen-
iaiive; Mr.. II. b. Jones of Tucum.
earl. who is a member of the COM
mittee for the Dallas Reserve bank
district. Mr.. Jones is an excellent
representative for this state, being
a capable banker, and well inform
ed as 10 the needs of Stockmen in
his district.
But no one man, however com
pctcnl, and however hard he may
work. can supervise quickly all Of
the loans needed in this state. Ii
these loans were required next
spring or next fall, the situation
would be different But the loans
are needed right now. Delay in cX-
tending the aid required will mean
ruin to some stockerowerS, hard
ships to others, and serious retard-
ing Of the whole meat producing
industry here.
The plan proposed by Senator
\. Is. Fall TO the Secretary of the
Treasury is far simpler, far more
efficient. II would get the results
desired and extend the aid rcquir-
ed Immediately. That plan is the
extremely simple one of dcpositinc
in New Mexico banks government
funds in sufficient amounts TO en-
able the local banks to take care
of each of the stockgrowers III
their respective communities and
districts.
No one Is better qualified to pas,
upon the individual loan 'han the
banker who knows the s,ockman
personally and is familiar with lis
holdings. Since the local banker
in majority of eases, will be call
ed upon 20 pass upon the loan any
way, why not adopt Senator Fall 5
simple, practical method and en-
able the stockmcn to get THEN
money direct from bankers who
know them and know their needs
and who can greatly expedite III,
business
Eugene V. Debs. on trial today ror
q alleged violation Of the espionage
act. In a public speech. rs one OF the
man who has consistently and per.
iatrntly sought to stir up class hatred
In this nation and set American
against American. HIS form OF prop
uganda has been that inslduous kind
of effort which Sots labor against
ca pital tho poor against tho rich.
Dohs reached n position of wide IN
fluence and great power In this coun'
try lie had behind him the intlu-
onco OF an evident sincerity In what
no preached. IIc was the more dam
orous 10 the peace and welfare ot oui
nation on that account.
Now Dobs " on triai before an
American court Justice will he done
him. II the charge against him is not
sustained he Will so free OF all pun.
irhmoni, Hut his Influence In thi'
nation rs at an cnd. Ho misiudgod
the extent of his influence and III,
effect Of hts propaganda, Tic under
took TO preach antagonism among
Americans when tho hearts of at
laNal Americans were drawing 10
gcthcr In "A common effort Tot tn,
common satots