Evening star., 1923-08-29

debentures to the amount of ten times
the capital stock. These banks lend
for terms between six months and
three years. National banks take
and the farm loan banks, both federal
and joint stock, lend on real estate
on long terms. running up TO about
|thfrty-four years, with easy amortiZa-
ton terms covering interest and
principal.
Tho rate of interest charged farm
ers everywhere by these federal and
joint stock banks Is 5h per cent. Not
long ago. the Cooperative Cotton
Ratsers Association of Texas. got
some $20.000.000 from q syndicate Of
New York banks for 1-3 per cent in
terest-which Is agreeable to the
Farm Loan Board. since it relieves the
pressure by $20,0o0,000.
y X n
Referring to the proposition of Sem
Sress should pass Il law providing for
the storage on farms or in public
warehouses OF 2O0,000,000 bushels Of
wheat which would serve as collat-
eral for farm loans, Gov Cooper said:
why should they do the very thing
that would tell to spectators and ex-
porters that they had 200, ,0O0. 600
bushels which they could not sell? 1t
would act just in the reverse of what
they imagine it would. The wheat
thus stored would add to the visible
There are ample facilities for financ-
Ing an orderly market for selling the
grain"
*& =
The press has published generally a
telegram addressed to President
Coolidge by Benjamin c. Marsh, man
aging director of the Farmers Ma
tional Council, headquarters at Dem
yer. This telegram is based on the
assumption that the quotation in the
press as TO the Presidents having
said that 10 per cent of the farmers
troubles was psychological' was a
correct quotation-now Officially con-
tradicted. In his telegram Mr.. Marsh
said:
Your inherited Secretary of Agri-
culture has suppressed the results Of
the investigation he made of how
many farmers lost their farms last
year. He was afraid TO print the
truth"
DIR. William A. Taylor. who has
charge of the statistics referred to,
states: The Department of Agricul-
ture is not in the business of sup
pressing anything. We have gath
cred the statistics by one method. and
now We are checking them by an
other method. When that is com
pleted and we have reliable data they
will be published"
10
checking VIII be finished, beyond in
dicating that il would proba bly, be
done within few weeks.
Who owns the air: The question
of how deep runs title TO land has
long been settled in law in mining
disputes, but how high rises juris-
diction of governments above the
surface OF the earth is now
raised, as II il were a new problem.
1t was discussed during the world
war by sending up d squadron of
airplanes to give chase whenever an
enemy plane appeared across the line
no matter how high they few, for
there was potential harm in permit
ting high explosives overhead That
same principle applies in peace. when
planes to carry alcoholic beverages
across Alaska TO supply British Yu-
kon.
Postmaster General Harry New is
worrying now lest the Great White
Way, erected across the american
desert" from Chicago to Cheyenne
for the guidance of the air mafl,
might attract other airplanes. belong
ing to amateurs. and result in COL
lisions in the night He is therefore
asking the American Bar Association,
now in session in Minneapolis, to
formulate road rules for the sky He
believes it will be necessary TO have
Congress pass laws protecting air
mail thoroughfares
Just as there are road hogs" using
automobiles, so there may develop
sky hawks which deserve ditching.
Copyright. 1923. by Paul V. CollinsD