Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1922-12-08
HARDING FOR GIVING LABOI
BOARD POWER
CONTINUED from page onel

4 rSLlel ana lle IeUuCLAou VI Tue tu-
| aral reserve discount rate undoubtedly
saved the country from widespread
/ disaster. The very proof of helpful
ness already given is the strongest
argument for the permanent estab-
lishment Of widened credits, hereto
fore temporarily extended through
the War Finance Corporation.
The Farm Loan Bureau, which al
ready has proven its usefulness thru
the Federal land banks, may well
have it's powers enlarged 10 provide
ample farm production credits as well
as enlarged land credits. 1t Is en-
tirely practical to create division
in the Federal land banks to deal with
production credits, with the limita-
tons of time so adjusted to the farm
turnover as the Federal reserve sys-
TEN provides for the turnover in the
: manufacturing and mercantile world.
Special provision must be made for
live stock production credits, and the
Emit of land loans may be safely en-
larged.
Here is an outstanding problem,
demanding the most rigorous consld-
Grafton Of the Congress and the coun-
try. 1t has to do with more than ag-
riculture 1t provides the channel
for the flow of the country's com
merce.
know of no problem exceeding IN
inheritance this one of tranSpCrtd-
ton. In our complex and interde-
pendent modern life transportation IS
essential to our very existence. Let
US pass for the moment the menace
In the possible paralysis OF such ser
vice as we have and note the failure,
for whatever reason, to eXpend our
TRANSPORTATION to meet the Nations
needs.
The census Of 1880 recorded pop
ulation of 100000. In two decades
more we may reasonably expect to
count thrice that number. In the
three decades ending in 1920 the coun-
try's freight by rail increased from
631 100000 tons to 2,234, 000, GOO tons;
that is 10 say, while our population
was increasing less than 10 per cent,
the freight movement increased over
$50 per cent.
We have built 40 per cent Of the
worlds railroad mileage, and yet lind
it inadequate to our present REQUIRE
ments. When we contemplate the IN
adequacy of today it is easy to be
lieve that the next few decades will
witness the paralysis of our transpor-
tation-using social scheme or a conf
D etc reorganization on some new
basis. Mindful of the tremendous
costs of betterments, extensions, ana
EXPANSIONS, and mindful of the stag
rering debts Of the world today, the
difficulty is magnified. Here is a
problem demanding wide vision and
the avoidance of mere makeshifts.
Manifestly, we have need to begin
on plans to coordinate all transpOr-
tation facilities. We should more eff
fectively connect up our rail lines with
our carriers by sea. We ought TO
reap some benefit from the hundreds
of millions expended on inland water
ways, proving or capacity to utilize
as well as expand. We ought 90 turn
the motor truck into railway feeder
and distributor instead Of destroying
competitor.
1t would be folly to ignore that we
reflects our standard of living and
gauges tue sPeCu q Oui pIe9en:- u"y
Inc. 1t long ago ran down 9lmP.e
Living, ana never rated lated 20 ~; lIqG flH
about the proSt I;t!I HEIie WINCH zen
as us VICTIM WIN 1u.! Ieco5 ',I 49,
OF motor car IrahSpoI I-'.. we hlu3.
turn II TO the most pIac1-e9l USE ~
can hot superSeoe lne i.'l'M"S i1iieI'
no matter now generously we r Tnoi"
II highways OUT oI a. sne uOlic IIee's-
ury- II lreight Vfalllc " Ll9'oI Meie
charged win us proper anu plQpoI-
tionate snare Oh highway coH9Oruo-
tloh' We ShoU'u uL'H inEcH o. 81, II "aS;e-
tu' ana more 0oS''S Una" my SeI'! Ne
Slt" tne
avs &c ol cou-
'u,''''' ann I-- I'll ava!
'.' u ,- service
U-N "nich
.".'rg
,.,~ ...-- '"> ~ h1.l'-
ance Is not yet rea '''
The Federal Cove r"nt las .
right to inquire into .t' wisdom
this policy, because IT, National
Treasury Is contributing largely 10
this highway consTructlon. es-lt
highways ought to be made 10 serve
as feeders rather than competltcE on
rho railroads. and the motor n '.''