Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-28

tracts Of land to supply peanut oil for
refrigeration, and Louisiana cor
poration making fiber products is
growing sugar cane to produce a
bagasse supply, with sugar as by
product.
Corn raisers may yet learn how to
make denatured alcohol, which Is not
taxed as alcohol, but when that is done
the distillery process will be too COM
plicated for 40 or 100 acre farmer; ii
must be carried on by a large corpora
tiGn utilizing the cobs and other wastes
from many farms, or from its own fields
covering whole counties. That is the
hint which DR.. Knight throws out as
TO the trend of agriculture into day
light for future development. 1t re-
quires no Government subsidy. but il
does need business and technical or
ganization combined.
In the meantime, what is the out
look for the farmer "as is? The pub
lie has heard so much in the past two
or three years about the necessity of
Government aid for the distressed farm
er that it has become Satiated with
the idea that nobody on the farm can
prosper without Government subsidy
or Government action in organizing ex-
port for farm SURPRISES.
There Is great magazine published
in Baltimore, called the danufac-
surers' Record. Its circulation is al
most wholly throughout the South: Of
course. it is Democratic in general poll
tics-an apostle of Southern Democracy
However. it has published new Dec
laration of Independence. denouncing
the present Democratic nominee and
declaring for protection to manufactur-
ing against foreign-wage competition.
Furthermore. it has correspondent
United States as to the present coudi-
ton of agriculture in their respective
fields. No bank knew what any other
bank was reporting. and the unanimity
OF the optimistic replies from all over
the country regarding the revival Of
farm prosperity is nothing short OF
amazing.
Here are Just a few typical answers;
The Federal Land Bank of Columbia.
S, c.. says that since last October the
sales of farms by that bank have been
better than for any like period IN its
experience.
The Houston Federal Land Bank re-
ports that It has made $4,000 loans to
farmers. and has had to foreclose only
III IS cases 1t reports that the low
tide in farm demands has passed
The Federal Land Bank OF st. Louis
reports that the sales for 1923 have
oeen far ahead of 1927 Less than three
fourthS Of one per cent of its loans
have been forecloSed
Every Federal land bank makes SINH
lar reports OF q revival Of prosperitv
among farmers, That of Spokane SAYS
that in the ii wears of its existence
1t ACQUIRED 1000 farms. and in thN
last three years it has sold 1900 o;
them.
II will be recalled that in the early
90s Organism. with It's free silver inSan-
ity and free trade ScareS was rannpart
and there was terrific farm depression
This Is what the Democratic editor Of
the Southern Manufacturers Record
says in summing up the present farm
situation. as compared with that of 50
years ago:
This survey of the situation. coming
from every part of the country and
convsrging into this Office. without any
one bank Knowing what the other banks
are reporting, throws great light upon
the present farm situation. II indicates
an upward trend of farm life and IN
the value of farm lands Nothing IN
the present farm situation is halt SO bad
as were the terrific conditions existing
from 1892 10 1896 and 1897. Durius
much OF that period the depression N
agriculture was far and away greater
than IL is at present. During ono year
wheat sold on the average for the entire
country at 40 cents a huShel Corn SCl6
IN the West at Is cents a huSlTel. and
was burned as fuel in place of coal Or
wood IN many parts OF the corn regsou,
Cotton sold for much Of the time az frCm
cents te cents pound, and in some
parts of the South at even lower figures
Those were times which really tried
the souls OF the farmers of the eoun-
try, There were many serious discus
SionS during that period as TO whether
agriculture could ever again be prs
porous, II was 10 this condition that
the demand for free silver In the Bryan
campaign was largely due. There had
been other periods in the history of the
country during the last 100 wears when
similar conditions existed In the early
aeS when the seed was valueless, cotton
sold al an average for an entire year
IN New York at a little over cents per
pouriS. ana Tor some wears ranged De-
tween that figure and { cents ana
cents nef pound,
II Is worth while TO consider the dspfeS-
sion In former periods and remember
that as agriculture has had les times Oh
terrific depression, SO have ths INDUS
trial interests for there have been many
periods IN which industry languished TO
an extent fully comparable TO the de-
preston In agriculture,
THE reports from the Federal land
"a.