The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-02-06

=. u
and inconspicuous and poor have
rather been marked BY q devotion
to the soil which bred them above
those who were reared among more
affluent circumstances. Neverthe.
less, it has been that strain, nour.
isl1ed on the sentiment Of patriotism,
who, when they have been trans
ferred to countries having broader
opportunities, have been an ilnp0r-
tant factor in human development.
They have exhibited 81 tenacity Of
purpose, d strength of character
and moral fiber that has made
them 4 most Importer element in
any country wherever they have
been found. Next to devotion to the
home, devotion to the country has
been one Of the strongest and most
indispensa bic attributes contributing
to human progress
Need for wise Criticism
The constant criticism Of All
things that have tos "a with our
country, with the administration 81
its public affairs with the operation
OF its commercial enterprises. with
the conduct OF its social life, and
the attempt To fOment class dis.
tinctiOns and jealOusieG, weaken
and disintegrate the necessary spirit
Of patriotism. There IL always need
for criticism. hut there Is likewise
need for discrimination There II q
requirement. for justice and truth.
Wherever there ID the genuine, there
will be some cOunterfeife. But our
own nation, or any other nation,
does not consist Of the collntetfeits;
IL consists of the genuine.
Constantly to portray the rail-
ures and the deiinQuents Il grossly
to. mislead the public. 1t bresds an
unwarranted spirit OF cynicisIn. Life
Is made up Of the successful ana
the worthy. In any candid repre-
sentatton of current conditions they
have the. first claim 70 attention.
IN the effort OF the press to de-
stroy vice, It ought not 70 negiect
virtue.
Reforms Come Quickly
These are some Of the Ideals TO.
ward which, I believe. the Journal
istic profession should work. ! am
conscious that they are not, yet
attainable III their entirety. and vet
thew may be closer at hand than
mary Of us realize. As civilization
advances the time element OF re-
actions greatly decreases. Reforms
do nor always grow mp graduaiiy
They are likely to occ'lr al ~ once.
It II. rather, abuses that creep ~
on Us with slow growth.
THE spirit of mankind Is more
and more asserting Itself. more ana
more demanding that the atfairs
of government and society Pc con-
Quoted ii accordance with the laws
of truth. The people who negiee!
that precept are bound for morsl
explosion
Publicity II not only the main
avencv nf reform, It Is likewise the
main agency OF prevention. In lte
true function It is not the voice Of
the individual reporter or editor, ouL
the voice of public expression. IL
represents the thought, the hope,
the aspirations, and the faith Of the
people.
Keepers Of Public Conscience
1T is great opportunity that
comes to the members OF the Ma
tionaI Press Club. OF washington.
This city is not only the. seat OF our
Federal Government and the pollti-
cal center or our country. but It -
bound to become more and more the
center Of science, Of ART, and OF
literature. Because of the position
which the United States holds in the
world, it will assume increasing i'm
portance in international affairs.
Because you have places here Of
great power, you are likewise
charged with great respo stbiltfes.
In no small degree you are the
keepers Of the public conscience. BY
being servants OF the truth you can
hell create and support that con-
ffdence. in our institutions, and in
each other, which h the foundation
of national progress and prosperity.
You can give to the nations q better
understanding OF each other and In.
crease the harmonious relationship,
the spirit Of good win and friend.
shin which will bring to all peoples
more of the blessings Of content
ment and Of peace.
Exempt From Taxes
THE bonds being offered are au
thorized under an act OF Congress
farm loan act1 approved July IL
1916. Exempt from all Federal
state, municipal, and local taxation
excepting estate and inheritanct
taxes) under a decision of the United
States Supreme Court. Recognized
as instrumentaIitie. OF the United
States Government by act Of Con
gress. Prepared and engraved by
the United States Treasury Depart
ment ana subject to approval by thu
Federal Loan Board under authorize
ton of Congress. Secured by frs
mortgages on farm lands and-ol
United States obligations held by thu
Government custodian, the registrar
and by the capital, surplus, reserves
undivided profits. and other asset
of the bank. Legal investments TO
all fiduciary and trust funds unde
| Jurisdiction Of the Federal Govern
ment. Acceptable to secure Posta
Savings deposits at par"
Referrin !. to Reserve Bank opera
tions the, monthly review OF bushes
and agricultural conditions in tn
Fifth Federal reserve district, which
includes Washington and nearb.
States says that member banks In
creased their indebtedness at tn
Federal Reserve Bank of Richmon
during the past month. the volum
OF rediscounts held by the Richmon
bank rising from S21,321.00O on d.
II - AAG AAA a,