Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-18

plaintiff and defendant, how many
business connections have been sew
cred, how many friendships broken
because two men give to one word diff
ferent meanings?"
Prof. George P; Knapp Of Columbia
University in his able study The
knowledge Of English" gives the i'm
preston that, as a rule. the higher the
culture the simpler the style.
To-day words are battleS--the right
word Is a battle won, the wrong word
is a battle lost" says Prince Max of
Baden.
And business IS largely founded on
exact definitions Of technical terms.
with the organization of the Federal
Farm Board the cooperative movement
in agriculture really begins a new day.
For the board. at work just three
days, has already announced that its
aim Is to cooperate TO the fullest eX-
tent with organized farm groups and
not with individual farmers.
This is as 1t should be. Any enter
prise which involves the direct welfare
of more than one-third of the people
of America, and indirectly almost
twice as many. must be organized on a
very broad. substantial base.
The cooperative movement has not
had as easy sailing in the United States
as in other parts of the world
In England the retail cooperative
store is a common sight in the towns
and cities. These cooperative stores.
more than 1000 of them, are linked in
a cooperative wholesale and the COM
bined business annually compares ia
vorably with the business of the largest
corporation in the United States.
Denmark has done more in the CO.
operative distribution of farm products,
especially dairy products, than any
other nation. It's a small country,
rural, populated by a very intelligent
people who realized that their saliva
ton came through efficient marketing,
so cooperation was decided upon Now
their receipts from England alone, in
cash, are more than 81 600, 900 a week.
Ireland began her rural regeneration
through cooperative methods, led by
Sir Horace Plunkett and George Rus
sell, editor of the Irish Homestead.
Both these countries are small and
lend themselves nicely TO the move
ment.
But in the United States. with its
vast expanse Of territory and diversi-
fed farming interests. cooperation has
had much slower development
The board has already decided to
attend the annual meeting of the
American Institute of Cooperation,
whose sessions open at the University
Of Louisiana July 20.
Cooperative leaders from all sections
Of the United States are expected. and
the Farm Board is eager to meet them.
Frank C. Raichle. Buffalo, N. Y, at
torney. didn't like the Federal Reserve
increasing its rates and spreading
propaganda about the alleged money
shortage" which in turn depressed the
value of stock held by him and others.
So he asked an injunction to restrain
the Federal Reserve Bank Of New York
from enforcing its rediscount rates.
The case went first to the United
States District Court. which refused to
grant the lawyer his request. He then
appealed to the United States Circuit
Court Of Appeals. The court has just
sustained the lower court order.
Yes. the Federal Reserve has power
to AK the rediscount rates, even though
millions. or even billions. of dollars in
securities are indirectly affected
Today no Enforcement board
or institution in the United States has
more power than the Federal Reserve,
with the possible exception of the
United States Supreme Court.
(Copyright. 1929. by North American News
paper Alliance