The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-12-07
DR.. LADD'S
WEEKLY letter
A Farmers Rural Credit Bank. Wht
Shall Control It Farmers or
Bankers q

4.
# F. ~ Bankers 80. Z.
Mr.. President there has come to my
attention a copy of program of the
Forty Second annual Meeting of The
Academy of Political Science, to be
held in Hotel Astor, New York City,
or. the 23rd and Gath of this month.
According to the program this Annual
Meeting is to be given over to the
discussion Of sThe Money Problem" ="
/ make no opology for taking the time
of the Senate to make certain obser-
vations at this time, because believe
there are certain movements going on
that are of tremendous import to the
people of this country. They demand
discussion nova little delay, and it
will be too late. " =
=. First, l desire to call to the atten-
tion of the Senate the personnel of
the Committee on Program and Ar
rangements for this T.. 42nd Annual
Meeting. Samuel McCune Lindsay, is
Chairman, ex-officio, Prof. Lindsay is
author and educator on economic and
financial matters, and his activities
date back many years. In 1892 he was
a sepcial agent of the Senate Finance
Committee to report on wholesale
prices in Europe. His writings place
him on record as to his financial theor-
les, beliefs and alignments. E. E. Ag-
ger is another educator connected
with Columbia University. Irving T..
Bush of New York City, of the Bush
Terminal Company, and other Bush in
terests, is a business man with connec-
tions of great international trade in
terests. Nicholas Murray Butler, the
President of Columbia University has
been sufficiently eulogized on this
floor, and very little speculation is
necessary to determine as TO his sym
pathies and connections. Waddill
Catchings, of go Wall Street, New
York City, formerly in the export de-
partment of J. P. Morgan & Co. and
now of important connection in the
iron and steel industry, was men,
ber of the advisory council of admin
istration of war labor of the Depart
mentof Labor and was Chairman of
the war committee of the Chamber of
Commerce. Frederick Cunliffe Owen
connected with the New York Tribune.
Will Ell. Hays, a lawyer Of Sullivan,
Indiana, who became distinguished
when he was appointed Chairman of
the Republican national committee
and later official censor of the motion
picture industry. J. S. jerks, an aeon
omist whose views and affiliations are
very well known. Joseph French John
son, formerly financial editor of the
Chicago Tribune, and rather promi-
nently identified with the now more or
less discredited Monetary Commission
E. w. Kemmerer, another economist
was connected with the Monetary
Commission and who holds the distinc-
ton of having been in 1917 financial
adviser to the Government of Mexico.
The financial affairs of Mexico are
still in very bad condition, l believe.
They probably will be so long as Mex
leo depends upon the international
bankers of Wall Street to set her
house in order.
Big Financiers Interested
Thomas w. Lamont, another bull
wark of the House of Morgan. Ogden
L. Mills, who was member OF the
Joint Commission on Agricultural In
auiry, and who probably obtained his
experience as a practical farmer IN
connection with the handling of his
affairs in the A. T. & S. F. Railroad,
the Lackawanna Steel Co., the Mer-
genthaler Linotype Co., Shredded
Wheat Co., Crex Carpet Co., the New
York Trust Co., and various other mat
ters in which his millions are inter
ested. As practical farmer, CONVEX
SAINT with the needs of the farmer, he
should be amply qualified-from the
bankers viewpoint. George W. Per-
kins, Jr. the son of another financier
of p. Morgan distinction, and known
to the International Harvester Co.,
u. S. Steel Corporation, great mari
time and Railway interests, and varl-
GUS other of the biggest interests in
the country. L. s. Rowe, the popu-
lar head of the Pan-American Union,
whom the Washington, newspapers
Society columns note as being very
busily engaged in the giving and at
tending Of interesting dinners, and
other social events. Henry r. Seager,
another ECONOMIST, (spelled in
capital letters) connected with Colum-
bia University. E. r. A. Seligman, an
other Professor and ecnomoist, whose
hand has been laid heavily upon the
American people, and about whom
more will be said later.
:. Federal Reserve Interest : ~, XIX
Benjamin Strong, the Governor Of
. the Federal Reserve Bank of New
York ard who figured so prominently
in the Hearings before the Joint Com
n1ittee on Agricultural Inquiry, and
who has the courage to believe that
his bank Is not . Governmental, but
private, institution. Frank "A. Van
derlip, about whom volumes could be
written. We will have to content our
{ selves with saying that the records
I will show that he first came into
\ prominence while holding q fiduciary
g <af ~ =