The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-11-24

first of all appealing to save the
treasury. Perhaps the unlimited
bestowal of government aid might
Justify the apprehension OF special
favoring, but the pending bill, the
first ever proposed which carried
such provision, automatically
guards against enrichment or per
petuated bestowal. 1t provides that
shipping lines receiving govern
ment aid must have their actual in
vestment and their operating ex-
penses audited By the government.
that government aid will only be
paid until the shipping enterprise
earns ten per cent on actual capital
employed, and Immediately that
when more than ten per cent earn
ing is reached, half of the excess
earnings must be applied to the
repayment of the government aid
which has been previously advanc-
ed. Thus the possible earnings are
limited to a very reasonabHc amount
If capital is to be risked and man
agement is to be attracted. III sue
cess attends as we hope 1t will. the
government outlay is returned the
inspiration of opportunity to earn
remains, and American transporta-
llOu w sea 10
Urges Government Aid
Thus far l have been urging gov
eminent aid to American shipping,
having in mind every interest OF
our producing population, whether
of mine, factory or farm, because
of expending commerce is the fore
most thought ofevery nation in the
world today.
i believe in government aid be-
comingly bestowed. We have aided
Industry through our tariffs: we
have aided railway transportation in
land grants and loans; We have
aided the construction of market
roads and the Improvement OF in
land waterways: we have aided
reclamation and irrigation and the
development 8. waterpower; we
have loaned for seed grains in an.
ticipation of harves@. We expend
millions in Investigation and ex-
perimertation TO promote common
benefit, though. limited few are
the direct beneficiarSes. We have
loaned hundreds Of millions to pro-
mote the marketing of American
goods. 1t has all been commend
able and highly worth wtale.
American Farmer Sufferer
AL pT0ScHl SllC AhCA~
lean farmer is the chief sufferer
from the cruel readjustments which
follow wars mutations, and betting
government aid to our farmers is
highly essential to our national
welfare. No people may safely
boast a good fortune which the far.
mer does not share.
Already this congress and the ad-
ministrative tranch of the govern
ment have given willing ear to the
agricultural plea for post war relief
and much has been done which has
proven helpful. Admittedly it is not
enough. Our credit systems, under
government provision and control,
must be promptly and safely broad.
ened TO relieve our agricultural dis
tress.
Other Problems To Come
To this problem and such other
pressing Importance as reasonably
may be dealth with in the short ses-
sion / shall invite your attention at
an early day.
/ have chosen to confine myself
to the specific problem Of dealing
with our merchant marine because
| have asked you to assemble two
weeks in advance OF the regularly
appointed time to expedite its con-
sideration. The executive branch
OF the government would feel itself
remiss to contemplate our yearly
loss and attending faSire TO ac-
complish if the conditions were not
pressed for your decision. More, ]
would feel myself the reckoning
opportunity 20 equip the United
States to assume BETTING place
amont the nations of the world
whose commerce is inseparabie
from the good fortunes to which
rightfully all people aspire.