The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1921-06-23
IN NATIONS CAPITAL
Plan for the Organization of a World
Tribunal Drafted Upon Re-
quest of President.
With Substantial Amendments House
Packer Bill Passes Senate by
Vote of 45 to Fl.

comn7ete covers several typewriter
naoes and is constructed around the
idea of codifying international law
and setting up a world tribunal after
the plan advocated by Mr.. Harding IN
his campaign speeches.
The house packer bill, with substan-
tial amendments, was adopted by the
senate by vote of 43 to Fl. 1t es-
tablishes the principle of government
of the live stock and meat
packing industry, but not the strict
sort of regulation urged by the far
mer bloc of western republicans IN
the senate. The bill as passed forblds
the packers to engage in unfair or
deceptive devices or practices, to ap-
portion the supply by interdeallng, to
restrain commerce, or create monopo-
ly, or to manipulate prices by inter-
dealing. It also forbids stock yard
operators from charging unrcasona-
BILE rates or engaging in deceptive
practices.
President Harding will ask congress
to authorize the refunding OF the allies
debts to the United States into long
term bonds and their sale to Amerl-
can investors, the proceeds therefrom
to be used to retire Liberty bonds.
Senator w. E. Borah in speech on
''too much government" declared that
a continuation of the present bureau
cratic tendency would mean the end of
the republic. y
The United States chamber Of COM
merce has come out strong against
cash bonus for service men. A brief
sent to President Harding and hun
dreds of trade and commercial organi-
cations declared that the war had laid
a martgage Of 1,135 on every family
in the United States and that cash
bonus would only add to the burden.
At the same time the brief made it
clear that the organization is actively
in favor of Irrational legislation to
meet adequately the needs of hospital
ization and rehabilitation for disabled
veterans, and for constructive meas
ures to enable former service men to
cultivate the soil, to build homes or to
obtain vocational training"
The house committee on banking
and currency has amended the bill
presented in the house by Representa-
tive A. P. Nelson, of Grantsburg, Wis.,,
which authorizes the secretary of the
treasury to deposit $5O,OO0,0O0 as
might be required with the farm loan
board to enable tito finance the pur-
chase Of mortgages pending a sale OF
periodical bond issues. In the original
farm loan act the treasury was author
lied to deposit $6,O0O,O00 with the
farm loan board to start the system.
The house voted to cut the army
strength to 100000 within the next
three months, slight concession from
it's previous vote, which would have
reduced the army to 100000, but ont
which is wholly inadequate in tn
opinion of the senate and war de
partment.
Political leaders are calling Presi
dent Harding's attention to the firm
organization which the agriculture
industry is assuming. In addition t.
the congressional organization of tn
so-called agricultural bloc, the de
mands of agriculture has resulted il
the formation of special committe
on economics in the agricultural de
partment, fostered by Secretary H. {
Wallace This Importance which is be
ing attached to the farm industry is
new thing in political and econohni
life. It is based on the assumptio
that farming is the basic industry o
the country and that it has RICH
to the most eminent consideration.
Secretary Hoover has announce
that preliminary work on a plan t
make storage certificates on graf
available to the farmers as cred
collateral has been completed by tn
conference called by himself and SCI
rotary Wallace. The plan was col
sidered by all parties to the confe,
ence to be practical and to~promis
great advantages. 1t was agreed tn:
the plan requires no federal legisl;
ton and differs entirely from all 9TH
plans hitherto proposed, as it rcvolv'
upon the insurance of the certifca
as to quantity and grade by the Ii
bility companies and provides frecdo
of movement of commodities fro
local to terminal warehouses if CO.
gcstion requires. It supplements a,
in no way replaces or completes wi
farmers cooperative storage al
marketing plans.
Direct negotiations have been b
gun between the United States al
Japan for the settlement of the que
tons pending between them. The
include the island of zap, the INN
grafton question, the alien land que
ton, and the return of Shantung
China by Japan. The negotiations a
being conducted by Baron Shideha1
the Japanese ambassador, and Seer
tary Hughes. The settlement of t
zap question would make unnece