The Birmingham age-herald., 1920-05-28

[ may be made an analysis of the bal ance of international payments in that year.
 Mir. vanderlir has been quoted as
 saving that we cannot find ourselves upon normal basis until our imports consideraly exceed cur exports, not for one year. but fol series of years.
 First of all. kcweyer, there must be liquidation of the s12,000, 900, 900
 of credit balance in favor of the
 United States at W hich figure Profes- sor Williams puts the amount which represents our creditor nation.
 CONVENTIONS AND FARMERS Whether tn. two national conven- tions which are at meat next mott will set forth in their platforms any recommendations which will make it clear that, irrespective of party, the condition in which the farmers of the United States now find themselves is understood ty the political leaders re-
 mains to be seen. Many of those who
 are well informed say that almost overshadowing all other immediate
 questions and problems is the situa- ton which the farmers of the United States are now facing. It means some thing 10 tEc Lablic as well as to the
 farmers. Already in the financial dis trict suggest;op is heard that unless the agricultural situation is relieved
 
 what alarming condition so far as food is concerned next winter.
 From New England. and the mid west from the northwest and from some parts of the south come like reports of the des peration of the farm CTS. They cannot secure labor in the needed amounts and much which they are able to secure by paying high wages is not efficient. Therefore, there seems to he chance that there
 may be shortage of crops and very likely q shortage of meat products. WHAT IS THE REMEDY? So far the only possible remedy might be ;ound if the farmers were
 able to fay the high wages which la bor is now receiving in the industries and in ether employments Only a yea: cr two ago before his death, James J. Hill saie that he looked with some alarm upcn the ability of the indus tries to attract labor for if that tendency continued it might cause a real labor famine in the agricultural districts. He believed that agriculture
 was tar more important for the gen eral prosperity than manufacture and the building up of the great foreign markets fer the exports of our sur- plus manufactured commodities.
 THE GROWTH IN OHIO So far as the census returns have been received. they justify the sus- pic3on that the greatest industrial gi owth !n aEy one state in the union was that which has taken place at Ohio in the rast 10 years It is al- ready in part demonstrated by the figures which tel, the great growth Of Akron, Canton. Youngstown, Day ten and Springfield Toledo has dem onstrated her reasonable attractive ness to the investment of capital and to population growth in such manner as to justify the belief that the city may rank next to Cleveland in popu- lation. Toledo is to be an important feean going port. for it has a fine 'arbor, and abundant railroad facili- ities. The industrial wealth and bank savings of Toledo have been relative ly greater than the large growth of population. Its bank deposits have increased a little over 200 per cent in 10 years. And it is reported that if the money now deposited by the peo- plc of Toledo in their 17 banks were to be divided equally, every man and woman in the city would receive near ly $509. Although Ohio has grown
 enormously iIdustrially and the cities have increased wonderfully in popu- lation, nevertheless there seems to be bette~ agricultural conditions in that state than those reported In some of the neighboring states.