The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1921-12-29
NEWS SUMMARY
OF THE CAPITAL
With Comments on Various Matters
Pertaining to Congress and
Governmental Affairs.
SOLONS NOW RESTING UP
War Finance Corporation Makes Ad-
vances of $6,917,O0O for Ag-
riculture and Livestock.

riculture and Livestock.
Senators and representatives have
gone to their homes for their holiday
vacation-some of them enjoying it
while others are lodging their constit-
uents. A man has to be an adept
in vacillation to please all sorts and
conditions of constituents, and some of
our congressman astutcly ''get by
with the triple-shuffle act, but it
doesn't pay in the long run. The con-
gresham who takes the stand for
right and sticks to it is the boy who
will ultimately come out ahead. When
our solons return to their seats IN
congress after the holidays some of
them will carry a smile like an 49,
year-old society debutante while 9TH
ers will foster crouch which will ex-
tend throughout the session. 1t will
all depend on the manner in which
they were received by their constitu-
ents in their old home districts.
Approval for POS advances for agri-
cultural and livestock purposes aggre-
eating $6,917,000 has been announced
by the war finance corporation. The
loans include Illinois, $46,000; Mon
tana, 1929 900; Iowa, $500, 900; Min
nesota, $196, 1000; North Dakota, $685.
900; South Dakota, $553,000; Utah,
100000; Wisconsin, $780, 900, and Wy
oming, 100000. According to it's an
nual report to congress this corpora
ton is doing business at the rate Of
several million dollars a day. Up to
November 20, the last date which the
report covers, it's advances for agri-
cultural and livestock purposes aggre-
gated more than $82,O0O,000. In ad-
dition millions we're advanced to CO.
operative associations, exporters and
financial institutions.
Additional protection for Americas
100000, 900 papermaking industry
against competition from Germany
and the Scandinavian countries was
asked of the senate finance committee
by the American Paper & Pulp asso-
citation. Spokesman for various
branches of the industry, except news
print, gave details as to conditions in
their lines. Producers of paper wall
board alone urged that their products
be put on the free list.
1t seems that the newsprint makers
did not ask for additional protection,
but they are probably satisfied with
the exorbitant prices they are now
charging, to say nothing of the prof.
teering schemes they pulled off during
the war. When it comes to additional
protection, no matter what branch of
the papermaking industry is involved,
the "bleeding" Of the printer by the
octopusic trust should be taken into
consideration and the proposition of
the petitioners ignored by congress.
Sufficient protection has already been
granted these vultures who seek to
prey, have preyed, and are still prey
ing, on the struggling printer.
Abandonment of socialism in Russia
is predicted by recent changes in the
economic policy Of the soviet govern
ment, according to a review Of the
situation in that country on the basis
of statements in the soviet controlled
press issued by the commerce depart
ment. A new economic policy, the de-
partment says, is being evolved by the
bolshevist leaders, Tightening the re-
strictions Of communism and aiming
at the partial re-establishment of pri-
vate trade and industry and at in
creasing the incentive to production
We suggest that this story be taken
with handful Of pepsin tablets.
Direct remuneration of American
ship operators out of fund amount
ing probably to $34,OOO,OOO for the
next fiscal year and establishing of a
$100,000,000 merchant marine loan
fund are among the features of the
plan recently submitted by the COM
mittee of experts appointed by Presi-
dent Harding.
The initial legislative step toward
a program of long range planning of
public works as a means of offsetting
cyclical periods of business and indus
trial depression was taken when the
senate labor committee favorably re-
ported the Kenyon bill designed to
carry out some Of the recommended
tons Of the recent national unemploy-
ment conference