The Owosso times., 1922-01-06
A Critical Situation.

Secretary of Agriculture Wallace
~ continuing his public addresses
calling attention to the critical
situation that confronts American
farmers. In a recent speech in
Boston he declared that American
agriculture is passing through the
most severe depression in it's his
tory. Looking into the future he
predicted that unless conditions
are speedily remedied, there will
be decreased production, because
of the inability of the farmers to
operate at full capacity of their
farms, and that the lessened pro-
duction will bring prices 80 high
that city consumers will complain
bitterly, 1t is asserted from
some other sources that in some
states farmers are letting their
land go for taxes and in many
states farmers must borrow and
give mortgages in order. to raise
money to pay taxes.
Goals from Newcastle.
One of the surprising develop
ments in foreign trade is the fact
that Great Britain Is beginning to
threaten the coal market on the
Atlantic seaboard. The depart
ment of commerce has indicated
the fear that unless cost of trans
portation or other costs are re-
duced so that coal can be deliv-
cred at Atlantic coast ports at a
lower price. the British coal in
dustry will invade the American
market. Until recently Great
Britain has been subsidizing her
coal industry. and, according to a
pretty clear line of argument, has
been doing this with American
money, since the interest due from
Great Britain on American loans
has not been Npaid in full, nor has
There been any payment on the
principal.
A Saving of $5 Per Capita.
Latest estimates are to the eff
feet that If the Hughes plan for
reduction of armament goes
through, 1T will mean saving of
half billion dollars a year to
the United States, this saving be-
ing realized as a result of de-
creased expenditures for construc-
tion, for personnel, for main
tenance, and indirect costs.
A Collection OF SIS Per Capita.
The debt refunding commission,
pending before congress, will have
it within it's power to make the -.
greatest contribution toward the
financial welfare of the United
States of any agency of the gov
ernment. 1t will arrange the terms
under which $1,000, 100000 al
most half the entire national debt,
will be repaid into the treasury by
the foreign. governments to which
II was loaned. There is every rea-
son to believe that half a billion
dollars year can be collected, and
the taxpayers burdens eased by
just that amount.
Reaping as They SOwed.
According to an apologist for
the Bolsheviki Of Russia, the great
need of that country today is
Men of the foreman and works
manager class; in fact he puts
this need ahead of the need for
either food or medicine We can
readily believe that this states the
situation with a fair degree of ac-
curacy, for the whole policy of
the Bolshevists has been such as
10 drive out any men already in |
Russia of the class qualified for
the supervision of work, and to
keep out others who might con-
template going to that country to
help in. reviving the almost de-
'unct productive industries.
Setting aside all the teachings
If the experience of all nations
'ince the beginning of recorded
history, the Bolsheviki undertook
o establish an absolute equality
,f individuals by leveling down
rom the top. The most capable,
Who had accumulated some wealth
W ability diligence and thrift,
we're despoiled. Those who had
'ome into the ownership of man
lfacturing plants by reason of
heir fitness for successful man
cement .werea deposeds and the
placed in control.
Jot only swefe the owners deposed
rom the management but their
lights in the property were con-
seated. If they made any effort
o assert rights of ownership, they
yere imprisoned or put to death.
wen If they were permitted to re-
nain, all incentive to personal ef-
ort was removed and the men
for "uorlx mn M qayoantv 1