Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-21
U. s CROP REPORTS
HELD FARMERS AID
Secretary Hyde Defends Sys'
tenn of Issuing Advices
on Production.
BY JOHN F. SINCLAIR.

BY JOHN F. SINCLAIR.
Special Dispatch to The Star.
NEW YORK, June 2l.-In the July
number Of the Bureau Farmer. Arthur
M. Hyde, United States Secretary of
Agriculture, defends vigorously the
issuing of crop reports by the Govern
ment.
This article, "Crop Reports Are for
the Farmer" shows how much worse
off the farmer would be If he had no
such reports to guide him.
Crop information" says Secretary
Hyde, since it is bound to get out
somehow is best obtained from a COM
petent source which has no object in
diStorting the facts. Without Govern
ment crop reports the farmer would be
compelled to deal with buyers in the
dark. The buyer would know the
facts-the farmer would be in 1gno-
rance of them"
Crop forecasts do not increase specu-
lation in the agricultural markets. They
have the contrary effect.
For" Mr.. Hyde continues. when
production is known with approximate
accuracy the higgling of the market
takes place within a narrower range,
and prices throughout the marketing
season more nearly express true supply
and-demand values.
Government crop reports come from
a disinterested source, and the record
proves that the information they con-
tain reaches no one before 1t reaches
the public.
Authentic crop information reduces
the influence of transformation or
rumor and minimize the chance for
fraud"
All this Is in the interest Of the
farmer.
Investment trusts are getting larger.
Ten years ago there were none. III
present plans are completed there Will
be at least one investment trust with
a paid-in capital Of more than $780,
000, 000.-
Many people are wondering II a num-
Der of these investment trusts have not
been organized for the primary purpose
of purchasing stocks from the pools at
the high valuations.
Up to date there has been no regu-
lation of investment trusts. Many
people who have seen the large profits
made in recent years have put hundreds
of millions of dollars into these trusts.
One shrewd market observer has
stated that, in the event some of the
stocks that have been turned into the
investment trusts turn sour" lot of
harsh criticism might be avoided If
more of them put some of their own
hard cash into their trusts"
How could this be done? One way
would be to create an issue of con-
vertible cumulative preferred stock, to
rank ahead of the common in assets
and dividends. They might secure this
preferred by paying cash for a block
of common.
But Maurice Holland of the National
Research Council believes that many of
the investment trusts today are going
at the matter of future commitments
in really scientific way. The invest
ment holdings are so enormous that
thorough knowledge of any new product
which might affect the industry in any
way is now being acquired through
careful research and study.
Research will play a most important
part in the future development of the
successful and well managed investment
| trust.
"Ten years ago there were no broad
casting stations; today the broadcasting
| station equipment alone is worth $685.
100000, and $500 people, who repre-
sent an annual pay roll of $4,000, 900,
are employed in the hundreds of broad
casting stations" says o. H. Caldwell,
former radio commissioner.
INl. NdlOWcll SdlQ T6CeI1Ily IfldC the
total amount invested in manufacture
and distribution of radio sets, tubes and
| accessories was about $210, 600, 600. The
factories and distributing plants employ
loo, 900 people, who receive about S2l5. =
600 900 annually.
All this in an industry which 10 years
ago was an infant, just bursting from
the laboratory of science.
DR.. Manly H. Harper of Teachers
College, Columbia University, after an
/ inquiry covering 5000 educations, makes
the statement that American educators
are so conservative in their social and
political beliefs that they present a
pathetic picture of ignorance and lack
of independence"
DR.. Harper believes that with few ex-
| ceptions American educators have done
little fundamental thinking about our
more vital social problems. He finds
| that the lack of individualistic think
ing power and uncritical reactions to
important questions is due to following
tlme-worn habits and traditions so long
| While the higher the educational
preparation the greater the measure OF
liberalism, the position of the American
educator is interviewer with complete
lack of stability and independence, a
wide inconsistency in beliefs and a lack
i
lumbia professor
The Harper survey and its conclu-
sions will cause widespread discussion
In educational circles.
Admiral Horthy, vice regent of Hun
gary, and Count Stephen Bethlen, the
| Oldest prime minister in Europe in
point OF service, seem to be fixtures in
! the life of Hungary, as much so as the
Soviet group in Russia.
Recently the premier said that the
Hungarians would never accept the
| treaty which took away many Hun
| garian citizens from under the rule Of
! Hungary.
We celebrated. just before the war,
our thousandth anniversary as peo-
pie: we will never rest until all Hun
| u.s." said the handsome, black-haired
| Horthy to me on one occasion.
Count Bethlen made virtually the
same statement at the dedication Of
the memorial to Hungarys unknown
| soldier.
In the meantime a council of the
League Of Nations is tackling the hard
problem of minority rights-the case of
Hungary is only one. There are to-
citizens of countries which to them
are entirely foreign. Minority peoples"
| they are called.
The League of Nations, knowing the
problem, constituted itself the guardian
| for this group. Numerous governments
taking over these foreigners have agreed
| to respect minority privileges, but 1t is
urged by many that this does not make
| for national unity.
| critical. There are millions of Ger
mans under alien T1lla What ran he