Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1922-01-05
HAVE FAITH
In THE FUTURE,
HIGH GOVERNMENT OFFICIALS
OPTIMISTIC AND SEE BET
TER TIMES AHEAD
See AGRICULTURAL PROSPERITY
Worst Period of Farm Depression Is
Reported To Be Over.

who believe the coming year will be
more prosperous to the country than
ii 1921 and will mark return to nor
Il NAL.
The 10 months of republican rule
q have convinced administration leaders
that, while there has been gradual i'm
q provement during the adjustment, re-
vivals are not to be expected within a
brief period. The basis for predictions
e of healthy business growth is found
u in the fact that already there have
been definite signs of improvement,
with no slipping back.
Opinion in the department of COM
merce and the federal reserve board is
that this manifests a solid foundation
upon which there can be further build
ing. High officials of the treasury de-
partment declare that the improve
ment of business and commerce is
working itself out slowly but surely.
q They point to evidences of better con
ditions, such as the lowering of redis-
81 count rates by the federal reserve
banks, and add that natural forces are
# at work for improvement, with the re-
Il suit that there has been a pronounced
Nj restoration of confidence
M III uldhiuS IJAA DGLleE business
Il year, officials count on the success of
the arms conference, with a world
wide result for good, a general com
fort in certainty as to the tax laws,
restoration of the buying power of
the farmers, further stimulation to
building and construction work. re-
duced freight rates and better employ
ment conditions, which are showing
great deal of improvement.
The department of agriculture in
sists that the worst period for the
farmer is over Improvement from
now on is anticipated. The trouble
has been high freight rates, big crops
produced at high costs, unemployment
Il in other industries which meant little
II buying and the lack of foreign mar
n kets for surpluses. The easier credit
conditions will tide the farmers over
E the period of stress. Indications are
that there will be an adjustment of
farm prices before the next harvest,
which is expected to restore the farm
ers' buying power.
The administration thinks the ten
dency toward economy, the tax and
tariff bills and governmental aid to
the merchant marine will make do
@A'SotAS COhditiOAo btLItI.
High officials who heretofore have
hesitated to predict improvements are
more bold in their statements and the
attitude of the government is highly
optimistic over the prospects for con
tinued betterments. They believe that
once the movement is fairly under
way, virtually all lines of business will
prosper in the general trade resump-
ton
Secretary of Agriculture Wallace
after an interview with the president
mas issued frank statement relative
10 agricultural conditions, and makes
the statement that there is good rea-
Il son TO believe that the worst is over
and that we may reai onably hope for
u gradual improvement, but no over
nlght Transformation must be expected
or looked for
a clear recognition of conditions as
tney exist with study of what has
brought them about, will do the peo-
PIE Oh the United States and the world
at large great deal of good" saws the
secretary.
A large part of the trouble with the
larmer and other lines of business are
que to worldwide conditions. and will
nave to be worked out gradually for it |
is hopeless to expect anything but con-
fusion to follow such a condition as
tne world war produced.
!, Hlgh freight rates, big crops pro-
aucea at a big cost, the lessening Of |
ene puylng power of the people, un-
employment are some of the causes
gwen along with the collapse of cred
1ss, caused on account of too heavy
S1penultures on the part of the peo-
pie, the nation and the world when
unions and billions were spent with
a. IecKiess disregard in order to win
sn ne war. The nation cannot recover
LON such wild extravaganza any
sL Ihan can an individual without
sne oue process of deflation and liqui-
Saeioh' the nation and the individual
49, INTO debt to the extreme limit,
go. on changed the entire system of
suits.
~ me secretary expresses the opinion
sha % when the country emerge from
- e present condition it will find itself
5tt,s o era OF new agricultural con-
olton. There has been a large in
o@se IN the population of the coun-
Try which means an Increased demand
tor food supplies all of the easily cu1-
.iVated land in the country is now in
e, use and this means that those areas
VIII nave to be more intensely culti-
saeeu and at Iessened cost in order
- meet foreign competition and keen
up the standard of living.
me secretary states that the busi
LESS less OF the country must accept the
uo1u lact that business cannot prosper
81 sniess agriculture thrives. and the
iarmer must receive a fair and ade-
NJ taaee price for his produce in order
~ oe able to buy, for the farmer rem
;tesents a preat percentage of the buy
power of the land and business
0ohditions willhave to be so adjusted