davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-07-28
ID. NOTES. AUCTIONEER.
Regular Sale of Furniture and
Household Goods of Every
Description at Our Auction
Rooms, 633 Louisiana Ave-,
Tuesday, July z9, at 10 AM.
Terms-CAsh.
D. NOTES, Auctioneer.
THos. J. OWEN 4 BON. AUcTIoNEER.

Afioos .. "" 0A> q OWN ACS42oNh6h
TRUSTEES SALE OF vALUABLE TWO
STORY BRICK AND CEMENT GARAGE
BEING PREMISES NUMBER 1928 L
STREET NORTHWEST.
By virtue Of q certain deed Of trust, dated
January S. 1924. being instrument No. 146. re-
corded January 10, 1924. among the land rec
ords of the District Of Columbia, and at the
request Of the party secured thereby, the un-
dersiEned trustees will sell. at public auction
in front Of the premises. on TUESDAY, THE
TWENTY NINTH DAY OF JULY. AID. 1924,
AT R-THIRTY PM. the following de-
scribed land and premises, situate in the Dis
trict OF Columbia. and designated a. and be-
ing lots 3S. 80 and 40 In George W. Riggs
subdivision OF lots. In square 107. per plat
recorded In the ONCE Of the surveyor for the
District Of Columbia In Liber W. r. at folio
Z. Except the east, S.86 feet by full depth
thereof of the said lot 20, conveyed bySMorris
Cafritz to Fred Shneider by deed recorded
May %. 1929 among the land records of the
District Of Columbia.
Terms: Sold subject TO a first deed Of trust
for $55, ,000O 90. Of which S 0O0 90 is overdue,
also a second deed Of trust for about SIS
900. 90 payable $4,000 and interest per month.
further particulars Of which will be an
nounced at time of sale. The purchase price
above said trust to Be paid one half cash: u
ance in one year at 81 A deposit Of 81. .000. 90
required ConveyancinE. recording and rev.
enue stamps at purchasers cost. Terms to be
complied with within thirty days otherwise
deposit forfeited and the property may be ad
vertised and resold at the discretion of the
trustees. w. EDGAR LEEDY,
LEROY GADD1s. Jr.,
Evening star., 1924-07-28
AUCTION SALES.
To MON
TRUSTEES SALE or VALUABLE THREE
STORY BRICK DWELLING. NO. 1915
ADAM A. WEsCHLER. AUCTIONEER.

TRUSTEEs' SALE OF VALUABLE THREE
STORY BRICK DWELLING, NO. 1915 r
STREET NORTHWEST
By virtue of q certain deed Of trust duly
recorded in Libsr No. 1855. folio 838 ct seq.
Of the land records OF the District Of Co
clumbia. and at the request Of the party
secured thereby. the undersigned trustees will
ahe aser ,Sr gesSn fHE II
NINTH DAY OF JULY. 1924. AT FOUR
O'CLOCK PM. the following described land
and premises, situate in the city nf WASH
ington. District Of Columbia. to wit: Lot II
in John W. STAIRS subdivision in square 131.
as per plat recorded in the office OF the sur.
vcyor for the District OF Columbia in Liber
G. II. d. at folio 30. improved by brick
dwelling with stable in rear.
required Of the purchaser at the time of sale
All convcyancing, recording revenue stamps
and notarial fees at the cost Of the purchaser
Terms Of sale 10 he complied with within 80
day from day of sale othe rwise the trustees
reserve the right to resell the property at the
risk and cost of the defaulting purchaser
after FIVE days advertisement of such resale
in some newspaper published in the city Of
Washington. ID. c.
r. r. HANNAH.
LOUIS d. HAMILTON.
fyf9-dAdReXSu Trustees.
Evening star., 1924-07-28
"NORTH HILL"

colonial resort. rear Bluemont on Shenan n
doah River: valley. mountain and water seen
cry: shaded lawns drives. fishing, boating.
dren. invalids or tuberculars taken. Room
with board, S1J and SIS per week. Booklet.
MAURICE F. CASTLEMAS. BerryviIle. Va.
THE HEIGHTS" OPEN FOR SUMMER
guests: splendid home cooking: modern con-
veniences: rates reasonable. Apply Mrs. T. p.
SIMPSON. THE Heights" Bluemont, Va.
Evening star., 1924-07-28

CITIZENS COMMITTEE, MARTINS AD-
ditions 1, 2, 8 and 4 to the Village OF Chevy
Chase, Maryland. July 2S, 1924. seaied pro-
peSA ped & MCKAY, Room 500. McLachlen Build
ing. 10th and G Streets. NV, WASHINGTON, p
1924. to furnish FIVE hundred (JOo) feet, more
or less, OF high-grade interwoven nse hose,
with couplings and nozzle; specineationS can
e1pressly reserved to reject any and all bids.
CIfRTIS s. FEESER, Chairman.
Evening star., 1924-07-28
, TRUSTEES SALE OF Two-sToRY BRICK
DWELLING. NO. 41G FIRST STREET

TRUSTEES SALE OF TwO-STORY BRICK
DWELLING; NO. 41G FIRST STREET
BY virtue Of certain deed Of trust. dated
March Z. 1924. duly recorded March g. 1924 as
Instrument No. 1s6 in the Land records of the
District of Columbia. and at the request OF
the party secured thereby, the undersigned
trustees will offer for sale by public auction
n front mt, Ct Sr the premises on THuRspAY,
AT FIVE O'CLOCK =: NJ. the following de-
scribed land and premises situate in the city
Of Washington. District Of Columbia. to wit:
Lot numbered forty t40) in John B. Kibbey
ct al. subdivision nj square numbered five
hundred and seventy-one GID. as per plat
recorded in the Office of the surveyor of the
district Of Columbia. in Liber Is. at Folio 160
Terms Of sale: Cash. A deposit of three
hundred dollars ts3D0. 00) required at sale All
conveyancing. recording. revenue stamps md
notarisl fees at the cost of purchaser. Terms
OF sale to he complied with within 30 days
from day Of sale. otherwise the trustees re
serve the right TO resell the property at the
risk and cost Of. defaulting purchaser. after &
dsys Advertisement of such resale in some
newspaper published in the city Of Washing
ton. DC DAVID RIRON,
=. JACOB BIRON.
100 Trusfeos
Evening star., 1924-07-28
PREMIER DEFENDS PRESS

ROME. July 2S.-Thc prefectorial
authorities yesterday ordered seven
daily newspapers in Milan to suspend
publication in consequence Of their
printing articles dealing with the
Premier Mussolini. however. re-
scinded the order on the ground that
It was based on too broad an inter-
rsretation Of the recent presz decrool
Evening star., 1924-07-28
POTOMAC BEACH
"Idlewilde- -on-the-Bav

The Potomac's most delightful salt water
resort. Fine bathing. sh'ng. Grabbing.
Music. dancing. Excellent table. Drive your
by way Of Fredericksburg. or take
Steamer st. Johns to Colonial Beach. Poto-
mac Reach bus meets all beats. For rates
md information write at once 70 Frank C.
Brereton, Potomac Reach. Va, or call Wash
inRfnn Office. Main i1G1-
Evening star., 1924-07-28
FUTURE DAYS.
ADAM A. wEsCHLER, AUCTIoNEER.

TRUSTEES SALE OF Two-sToRY BRICK
DWELLING, NO. $50 STREET NE.
recorded. in Liber No. 4l72. folio as2. ct seq.
of the land records of the District Of Co
lumbia, and al the request of the party Sc
cured thereby. the undersigned trustees will
offer for sale by public auction. In front OF
DAY OF AUGrsT, 1924. AT FIVE O'CLOCK
PM, the following described land and prem
ises. situate in the city Of Warrington, Dis
trict of Columbia. tO-wit: Lot Ill in Eliza N.
Houses subdivision Of lots in Square S67. as
for the District of Columbia in Liber % at
folio 153, improved as above.
Terms Of sale: One-fhird cash. the balance
in two equal installments, payable in one and
two years. with interest at six per cent
sale. secured by deed of trust upon the prop
erty sold, or all cash. at the option OF the
purchaser. A deposit Of 5000 required at time
Of sale. All coaveyancing, recording revenue
stamps and notarial fees at cost Of purchaser.
from day Of sale. otherwise the trustees re
serve tine right to resell the property at the
risk and cost Of the defaulting purchaser.
after Ave days advertisement of such resale In
sore newspaper, published in the city of
" -''A' '' e. V. GEORGE,
MARIETTA G. STEWART.
jy2S-d&ds,ex Su. Trustees.
THos. ]. OWEN son, AUCTIONEERs.
VALUABLE HOUSEHOLD FURNITURE.
carpets; wardrobes; bookcases: PEDESTAL
THURSDAY. JULY 81, 1924. commencing
1220 18th Street NV. Terms Cash.
THoa J. OWEN 4 SON.
jy2s-4t 4setsaassis.
Evening star., 1924-07-28
ADAM A. wESCHLER, Auctioneer.
COURT TRUSTEES SALE OF vALUABLl
REAL ESTATE, NO. 80 + STREE,

COURT TRUSTEES SALE OF VALUABLE
REAL ESTATE, NO. 80 STREET
NORTHWEST.
BY virtue Of a decree OF the Supreme Court
of the District of Columbia, passed in equity
cause No. 41S7I. the undersigned trustee will
OFFER for sale by public anction. in front of
the premises. on THURSDAY. THE THIRTY
FIRST DAY OF JULY. AID. 1924 AT FIVE
O'CLOCK PM. the following described land
and premises. situate in the city of Washing
ton: District of Columbia. to wit: rhe east
half of lot ten U0) Of Johnson's subdivision
in square six hundred and twenty t626}, ,
as In Book y X at page 332 of the surveyors
office of the District Of Columbia, improved
by two-story brick dwelling. to be sold sub
ject TO deed of trust for 81 600. particulars
OF which will be announced at sale.
Terms Of sale: One third of the purchase
money to he paid In cash. the balance in two
equal instalments. payable in and two
years. with interest at 9 per cent per annum
payable semi-annually, from day of sale, Sc
cured by deed Of trust upon the property
sold. all cash, at the option of the pur-
chaser. A deposit of $3.50 required of the
purchaser at the time of sale. All convey
ancing, recording. revenue stamps and no.
tzrial fees at the cost Of the purcha SER
Terms OF sale to he complied with within
thirty days from day of sale, otherwise the
trustee reserves the afight to resell the prop
erty at the risk and cost of the defaulting
purchaser after i've days advertisement Of
such resale in some newspaper published In
the city Of Washington, DC.
ROSS Fl. SNYDER, 1416 ST. NV
jy19-d&ds .exSu Trustee
Evening star., 1924-07-28
THOMAS J. OWEN { SON, AUCTIoNEERs.
Valuable Lot, Fronting 30.31
Feet On Eye Street, Improved
by an Old Frame Dwelling,
Number 2S2S Eva Street NV.

By authority vested In me a. attorney for
9qs1,eT IL fsons g, shs cn the
P. NJ, part of lot 3. now known as lot 607,
In square 10. improved AZ above.
Terms: Cash. "A deposit Of 500 required.
Convey.neing and recordinE at Hrrchasear,'s
thirty days or deposit forfeited.
CLYDE d. CA11erT. Attorney.
Evening star., 1924-07-28
ADAM 4. wEsCHLER. ATCTIoNEER.

ADAM A. WESCHLER. AUCTIONEER
TRUSTEES 81 SALE Ey3E, OF TWo-sToRY: GROOM
4th STREET NV.
: BY virtue of certain deed Of trust duly
the land records of the District of &C colnmSia Shs
sreS1 the The Of a viii o
pTG 0a THH T FIFTH f11Rr Of Day AZ
Of AUGUST. 1924. AT FIVE O'CLOCK PM.
situate in the city Of Washington District
of Columbia. to wit: 10 feet inches front
by the full depth of lot in Todd and Pep.
per's subdivision Of square as7 as said sub
division is recorded in liser n; X, folio 271,
above.
required Of the purchaser at the time Of sale sale
and notarial fees at the cost of the purchase.
thirty days from day Of sale otherwise the
trustees reserve the right to resell the prop
purchaser, after i've days advertissment sa''ef Of
ssh sRs ,y os published in
Ekd EApHlok he w2isHEA. 4 HMAIsHE'
TH0s. J.. OWEN & son. AUCTToNEERs.
PROVED REAL ESTATE. BENG THE
THREE.sTORY AND BASEMENT BRICK
APARTMENT HOUSE Containing Sin
AvHNUE. NORTHWEST. ~ ND'ANA
By virtue of a certain deed of trust duly
recorded. in Liber No. 1855. folio 431 ct seq,
of the land records Of the District of Coumbfa, ,
and at the request of the party secured
thereby, the undersigned trustees will sell, at
public auction, in front of the premises, on
THTRSDAY THE SEVENTH DAY OF
O'CLOCK PM. the following described land
and premises. situate in the CITY Of Wash
ington. District of Columbia. and designated
As and being part of lot lettered &C. Of
r. Y. Brent's subdivision of lots In square
333, rs per plat recorded in the ONCE of the
Surveyor for the District of Columbia in Liber
N K. at folio 234; beginning for the same
northeast corner Of said lot. and running
thence westerly along said avenue ~ feet, 6
inches, more or less to line Of part OF said
lot conveyed TO William McDermott. by deed
recorded In Liber W. B. 81 at folio sol of the
Land Records OF the District Of Columbia, and
thence southwesterly of same width 90 feet to
rear end Of said lot. .--
Terms Of sale: One-third Of the purchase
money to be paid in cash, balance in two
equal installments. payable in one and two
years, with interest At seven per centum per
annurn, payable semi annually, from day Of
sale. secured by deed of trust upon the prop
erty sold, or all cash. at the option of the
at time of sale. All eonveyancing, recording.
revenue stamps. ETC., at cost of purchaser.
Terms of sale to be complied with within, 30
days from day of sale, otherwise the trustees
reserve the right to resell the property at the
risk and cost of defaulting purchaser after
Eve days advertisement OF such resale in
some newypaper published in Washington,
d. q. WILLIAM 7, BALLARD,
ABRAA =. sE1VEN.
0X8s08o02 23uK0G0a
Evening star., 1924-07-28
COLONIAL REACH. VA,

IT.. Rr>.L.,. Hotel and Summer Garden.
Half square from beach.
Salt water bathing: sea food table. Rates,
$40 and s15 per week. Crab feast every eve.
ming in garden. PROF. Segle's orchestra.
Mrs. Cahill bryan. Prop.
Evening star., 1924-07-28
AUCTION SALES.
FUTURE DAYS.

THos ]. OWEN & son. AUCTIoNEERS.
Trustees Sale of Valuable I'm
proved Real Estate, Being the
Fiye-Story Brick Apartment
House Known as the Berk-
shire Containing Forty
Apartments From Two to Six
Rooms and Bath, Situated
l4l2 Chapin Street Northwest.
Evening star., 1924-07-28

BY virtue OF authority vested in us. We will
sell at public auction. in front of the premises
on FRIDAY. THE FIRST DAT OF AUGUST,
1924, AT FIVE PM. lot "a in square "s44.
Terms Of sale: All cash over and above q
first deed of trust of $500. deposit of
$3.50 required AZ time OF sale. Conveyancins.
recording and revenue stamps at purchasers
cost Terms Of sale to he complied with
within thirty days deposit forfeited.
THOMAS ]. OWEN & son, ACCTIONEERS
Jy2S-Jt
Evening star., 1924-07-28

Terms Cash.
L. &. SIoa & Co.. Inc, Aucts
Evening star., 1924-07-28
SHOOTING CLUB SITE.

16-room house overlooking wide bay and
Potomac River. % miles from Washing ton
100 acres land gives long front on water:
fine ducking and bass fishing grounds bird
and rabbit shooting. Price asked less than it
would cost to replace buildings. Barns and
outhuildings are painted; a ha ndsome looking
property.
For Ihis and other bargains on the Poto-
mas and tributaries see
THEODORE F. MENk.
washington's Potomac River Valley Specialist
14l0 vt. NV.
Office. Main 1919; Res, n. 1900.
Evening star., 1924-07-28

THos. J. OWEN & son, AUCTIONEERs.
Evening star., 1924-07-28
D. NOTES, ATCTTONEER.

DONALDSON, JOHNSON & FRAILEY
d&ds,exSu ATTORNEYS for Trustees.
Evening star., 1924-07-28
SHORE PROPERTY.

FOR ,sALE-SIX- ROOM DWELLING. WITH
pofches. located in Galesvile on West River
facing Chesapeake Ray. Excellent for boat
ing and fishing. Come down and see for your
self. CARL BESSING. Galloways 2. o.,
Evening star., 1924-07-28
WANTED TO RuY-HnusEs

EIGHT OR TEN ROOM HOUSE, WITH GA.
rage: In central northwest. between and
Rhode Island ave. 10th and 14th NV: will
pay equity in cash: price not $I2. 500.
NJ: ESSEN Apt. AZ. l473 Col. road NV.
~ SiA or room house in goou no th.ast or
southeast location Price not over 5000:
ran make good first payment. Address Box
IN. Star oface
Evening star., 1924-07-28

WILL TRADE STUDEBAkER SPECIAL
roadster. late '23 model. for equity in small
house; will pay additiona cash 10 amount of
your equity. FOX REAL ESTATE, 1911 II
st. NV. Main $50
Evening star., 1924-07-28

NEAR CENTRAL HIGH SCHOOI.-9-ROOM
house, rooms to the floor. garage space or
two-family fat; must buy Immediately. Room
col. Mct;tll bldg Main 1921
Evening star., 1924-07-28

WANTED BY AUGUST |. DETACHED
home. preferably Saul's Addition. About
Si2On. This is cash propos; ;tion. Address
Box 254-I. Star office
Evening star., 1924-07-28
THos. J. OWEN son. AUcTIoNEERs.

jy11-d&ds,exSu Trustees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
MUSIC TEACHERS
REFLECT PRESIDENT
Indianapolis Woman Elected
First Vice President.

Arnold Spencer, indianapolis today
was reelected president of the Indiana
Music Teachers Association in an
nual session at the Lincoln.
Other officers elected: Miss Grace
Hutchings, Indianapolis. first vice
president; Mrs. Robert Tinsley, Craw
louisville, second vice president. and
Mrs. Myra Gordon, Logansport, secre-
tary.
At p. m. today the delegates We're
scheduled to vote on the proposed bill
requiring a State license for music
teachers in Indiana. Opinion differs
on the wisdom of having such meas
uTe introduced.
The convention will adjourn late
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
STATE ROAD BIDS OPENED
Highway Commission to Surface and
and Patch Fourteen Miles.

The Hayes Construction Company
was granted today the contract for
cold patching and surface treatment
of about fourteen miles of State Rd. in
Marion and Montgomery Counties.
Bid was $1S,721.
Two of the roads lead from Indian
apolis. No. l is to receive surface
treatment from Troy Ave, Indian
apolis, for 7.3 miles south and No.
II from the Eagle Greek bridge on
Kentucky Ave. south for 81 miles.
The floor of the Kentucky Ave bridge
will be patched
John D. Williams, director. said con-
roads leading into indianapolis before
May 80.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
Streets Unsatisfactory

Report by field examiners of the
State board of accounts to the attor-
ney general recommends that Fred
H. Fue,ing & Son, FIT. Wayne, be re-
quired to repair streets in Shirley
City, Allen County, without additional
cost to the city. The report says
much of the work is unsatisfactory.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
Honor Graduates Named
By Times Special

SCOTTSBURG, Ind, May S.-For-
ty-six pupils. the largest class in his
tory Of the Scottsburg High School,
will be graduated this year. Honor
graduates are: Pearl Griffith Corinne
Hester, Leona Scott. Paul Goodwin. r.
vim CcCleslan, Audrey Williams. VIII
mer Pearson and Dorothy Cain.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08

Kiser. 1850 Congress Ave; Lester Hasbar-
ger. 436 Highland Ave; Marshall Petit R..
r. A. Box 140
Joseph Colbert. 81 Prospect St: Morris
Davis. 10 E. Twenty-Fifth; Ernest Jones.
R. R. E Box 80: Carl King. 2022 S. MeTid-
ian St; Buschel Smith. 1883 w. Ray ST..
Ira Derby. 3949 n. Capitol Ave: Fred Han
cock. haywood. Ind; Clarence Jones' 500 W.
Twenty-SiXth St. John Bland 1884 Cornell
Ave: Thomas Scanlon. S32 Church ST.:
Joseph COlherg. -311 Prospect St. Emmert
Behr. lao w Climber St; William Day, sos
Z. Maryland St.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
DEATH NOTICES

FELIX, MARY ELIZABETH-Age 81 years.
beloved mother of Mrs. Laura NJ. Oren
and Eyert o. Felix of Indianapolis died at
the home of her daughter, 50 S. fremont
Ave. Tuesday, May 6. Funeral services
will be held at the daughters residence FIJI
day May 9 at p. m. Friends invited
surial Crown Hill.
MATTOCKS. EMMA-Died May 7, age IA
years Funeral Friday. May 8, 10 a. M.
at residence 1924 Martha St. Friends in
vited.
SHINE, OBSERVATION-DISCLOSURES of Mary
Shine (Ifee Regain father Of Birdie Her
rell Mary McConahay. Catherine Mcmahon
and Anastas;a and Florence Shine, died
Wednesday, May 7, at 2:35 a. m. Funeral
Saturday May 10. ct $50 a, m. from his
residence 925 Church ST.. followed by serv-
ices at St. Johns Church at a. m Friends
invited
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
.MNARY VERSUS MARTIN
Senator and Tariff Commission Head Give Their Re-
SpeCtive Views on Farm Relief Measure,
By SENATOR CHAS. L. MNARY
Author of the Farm Relief Pin

author or the Farm Relief Bill
T@RICES of farm products have
- fallen so far behind prices
of other commodities tislt
the country's entire agricultural
structure is threatened.
1t is the purpose of the farm re.
lief bill now in Congress to increase
present prices of agricultural com
modlties to ratio pr.ce"-that is.
price on the general level with the
prices of other commodities.
The bill creates an exnort cop,.
mission and an export corporation
with capital stock of $500. 900. 900 to
De SUBSCRIBED by the United Stats.
How Plan Works
II the commission finds that the
prevailing domestic price of a farm
commodity is below the ratio price
las the result of a surplus which
must be exported at prevailing low
foreign prices-the President is an
thorized to declare an emergency.
The commission will then recon-
mend to the corporation the amount
Of the commodity it should pur-
chase at the ratio price while the
President adjusts tariff rates or
sets an embargo to prevent an in
fiux of the commodity in question
from abroad.
The corporation then sells the
commodity in the United States at
not less than the ratio price, and
sells the surplus abroad at the high
est price obtainable.
If the corporation buys at the
ratio price and sells at the lower
export price, it is evident a loss
will be sustained. The commission.
therefore. wiz estimate the proba-
bic losses during an operation per-
iOd, and will then establish an
equalization fee." to be collected
by use of participation certifi-
Gates
Illustration Is Given
Certificates to the amount of the
equalization fee will be given by
the purchaser to the producer as
part payment for the produce pur-
chased
AS an illustration, if the ratio
price of wheat is $3.50 and the
equalization fee-representing the
loss to the corporation per bushel
is 20 cents. the farmer will be
paid $1.30 in cash and 20 cents in
certificates.
If at the end of the operation
period the losses total less than
was estimated, the difference will
be distributed as dividends 70 the
farmers holding participation GER
tificates
In this way the corporation will
suffer no loss. surplus farm pro-
duce will be taken care of, prices
of farm products will be kept at
the sam level as prices of other
aonmodities, and the farmers OF
the country viii be saved from
kruptcy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-08
BY THOMAS o. MARVIN

Chairman L. ). Tariff Commission
r, OF can't change a fun
f: damentaI economic prin-
L. ciraI by legislation.
You can't beat the basic law of
supply and demand by artificial
price fixing.
That's why the so-called farm
relief bill" is an antidote at one end,
but poison at the other.
1t may serve as temporary relief
for the farmers ills, but it will end
by making them worse than ever.
The farmers are in bad way be-
cause of producing. If the re-
lief bill is passed, what will it do?
Stimulate more production! In this
way the proposed legislation will ag-
gravate the very condition the re-
suits OF which it is trying to over
come.
Sees Disastrous Surplus
With production thus further
stimulated, the surplus will become
greater and greater. The corpora
ton. which must purchase this
surplus, will have on it's hands a
quantity of farm produce it can not
possibly handle.
AS it exports more and more farm
produce at a low figure, it must
boost domestic prices higher and
higher to keep pace with its losses.
This will reduce domestic consump-
ton, people viii turn to substitutes,
and the situatiOn-with supply in
creasing and demand decreasing
will become worse and worse.
Besides this. fixing the price of
one commodity will affect many 9th
ers.
Take wheat as an example. If
the price of wheat is boosted and
protected by an embargo, it will cost
the millers more to make flour.
Then they, too, must put their
prices up-and we will need an en-
barge on foreign flour to protect
their industry.
If the price of wool should sink
below the sO-called ratio" it would
be boosted in the same way. Then
we would have to put an embargo
on imported suits, socks. overcoats,
sweaters, blankets, yarn and hun
dred and one other commodities, TO
protect our manufacturers and mer-
chants.
Cites Ancient History
Artificial price fixing has been
tried as a remedy for undesirable
economic conditions almost since the
dawn Of history-but it never yet
has worked.
Diocletian, emperor of Rome, pro-
mulgated his famous price edict in
S01 A. D., fixing a price for pro
visions and other articles of COM
merce." History tells us that the
effect was disastrous, many traders
were ruined, and the edict gradually
fell into allegiance
As such plans go, the McNary-
Haugen plan is probably as good as
1t can be. But any plan artificially
TO stimulate prices is fundamental
yswrong and INST result in eventual
failure