The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-12-08

tN@-er%~r-@-
!. sefend or to maintain It's Inter-
ss,s national or international.
Vat only the United States, but
49, whole world, els slowly but
.r,eiy returning to normal" the
s.rretarv of war declared. This
sountrv. he said, is emerging from
condition of chaos" after passing
through a period OF mental and
nhvsieal adjustment as a logical
resultant OF the war.
sCure-AIls, Plentiful.
~rhe great need for the present
emergency is clear thinking" he
ss,t,rued. The world is filed with
cvra-alis offered by irresponsibies,
TbA real cure, however, is so old
fashioned and so readily within our
reach that some OF US fail to rec
agnize it. 1t is work.
I'VE do not hear of strikes in
Germany, but they seem rather
nennlar everywhere else. The self
;shness which Genes from the de-
sire 10 get something at the ex,
nense of ones fellow man is hav
me a potent influence in preventing
The restoration of the country
seeds. These influences have more
an less effect on government. |
undertake to say that the govern
meut-and il is largely due to the
influences that have come from
the war-has done many things
which would not have been given
anv consideration whatever had We
not drifted from our meoFings."
Farmer Partly Blamed.
The farmer-"the backbone of
the country the first to feel
fhe effects of postwar deflatien,
the secretary said, but added, that
Inc farmer could not be entirely
absolyed from blame" for his pres
eBt situation, as he should have
fereseen the inevitable collapse of
values.
1T did not please him" Mr..
Weeks said. Ito find that com bina-
items of labor or combinations of
ANYTHING else were able to keep up
The prices OF his necessities, and
he turned to legislation to bring
about a condition which would give
aim a chance to adjust his situa-
ton
zone of the least excusable of
the laws passed, it seems TO me,
was that increasing the interest
rate of farm loan bank bonds to . Z
per cent, and leaving the rate 10
the farm borrower the same as it
had been.
Government Finances Farmer.
sUnder the present law, as 1 see
it, the government is financing the
farmer and is producing a vast
volume OF nontaxable securities, so
that, in effect the farmer is borrow
ing his money at a much lower rate
than the current market warrants.
What would be said as an Off
set if the government undertook to
finance all the manufacturing in
dustries of the United States by
leaning them money at fixed rate
and no taxes were paid on this in
debtedRess, and then extending that
policy to every industry we should
soon find ourselves without taxable
property and complete transferral
OF the investments of large estates
INTO non-taxable securities.
Criticize "BIOe-"
Mr.. Weeks then reviewed the
further legislative program" of the
agricultural bloc, characterizing as
nnwise" the so-called pure wool
bill declaring that the proposed law
TO regulate cold storage would
make the price of many articles OF
food higher and describing the fed
eral highway bill as being designed
70 construct roads purely local in
character" for the benefit of one or
at best few individuals.
The demand of the bloc for a rep
resehtative of agriculture on the
federal reserve board. Mr. Weeks
SAID, was as worthy as would be
similar demands from "manufac-
tarers, labor. commerce, or any
great single Industry"