Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-03
Western Lumber interests
Hesitate to Extend Opera
tons, Fearing Imposts.
BAN ON SOVIET GOODS
CAUSES MANY PROTESTS
Lowman Decree May Soon Be
Modified After President
Hoover's Intervention.
BY JOHN F. SINCLAIR.

BY JOHN F.. SINCLAIR.
Special Dispatch to The Star.
NEW YORK, August 2.-Cut-over
lands-that is, the stump lands left
after the timber has been cut-are
becoming problem in many of the
Western lumber States.
Twelve years ago Cloquet, in the
Northeastern part OF Minnesota, was
a prosperous sawmill town, surrounded
by timber.
The great forest fire of 1918, IN
which 400 persons lost their lives,
destroyed the town and much of the
timber. What the people should do
became an immediate problem.
The Weyerhaeuser interests were the
big lumber men of the town. They
decided to rebuild the city and install
a great variety of wood utilization
plants, based ultimately upon a plan
of reforestation.
Since then this company has spent
500, 900 900 In this charming city of
10000 people for the development of
different wood-using industries.
In 1928 Minnesota voted to make
reforestation economically possible by
revising their land tax laws. I'm
mediately the Weyerhaeusers made APP
plication to put 172,000 acres of cut
over lands under that law.
But the authorities of st. Louis
County rejected the application, anu
the Weyerhaeusers announced the
abandonment of their reforestry plans.
It's largely problem of taxation:
United States. The rejection of this
application was largely based upon the
fear that these lands, now subject to
regular taxes, would pay too small
share of the county taxes for the
next so years, and thus throw the adj
ditional burden upon the rest of the
land.
Reforestation is inseparably tied up
with practical tax program. 1t can
not be worked out otherwise.
Lowman's Record.
Seymour Lowman, who stirred up
American business interests this week
by his strong statements against inn
portations of Soviet goods, has been
for three years Assistant Secretary of
the United States Treasury
After graduating from high school
and a business college at Binghamp-
ing as a stenographer in law office
at Elmira. In 1891, at the age of %,
he was admitted to the New York
Bar and has practicsd law since that
time at Elmira.
In addition to his law practice and
his extensive farming interests nearby,
he is a vice president of one of The
Elmira banks and an officer in sew
eral other corporations.
He has been in New York politics
for many years. A member Of the
New York Assembly for two sessions.
q member of the New York State Sem
ate six years and lieutenant governor
Of the State for one term.
Under pressure from President
Hoover, Mr.. Lowman agreed to re-
consider the embargo on Soviet goods.
His seasoned" statement should be
announced shortly.
Protests against the embargo have
been received from all parts of the
country. 1t looks now as If mod
fication of the embargo decree is
probable.
Australia's trade is being slowed up
these days by the heavy discount CT
8 per cent on her money
Ordinarily, the United States sells to
the Australian Commonwealth about
per cent, if continued, means $4,000
060 annually. or $1,000,000 a month
loss by American exporters on exchange
alone.
What goods are affected? About $25,-
100000 of oil products is one of the
largest items.
Australia, a vast continent, about
CAudA W tlIC OLlAICo 0bdOCot AAdo OAlly
$500 900 people Her adverse balance
of trade is about $4,000, 900 year.
Until the discount, caused by this
unfavorable trade balance, is lifted,
American trade with. this progressive
commonwealth, will probably be slow.
Grain Corporation.
With the purchase last week of a
large Minneapolis grain farm, the
Farmers. National Grain Corporation,
the grain marketing organization of the
Farm Board, has become the greatest
single factor in the worlds wheat trade.
C. E. Huff, its president, sees a big
future ahead. In just eight months
the wheat farmers, through cooperative
efforts, have rounded out an organiza-
ton in the Spring wheat region. So
now it has five divisional agencies in
the country-one on the Pacific Coast.
and one each in the Northwest, the
Northeast, the Southeast and the
Southwest.
Mr.. Huff expects his organization to
handle at least 200, 100000 bushels of
the 1880 wheat crop and probably half
of the 1891 crop.
"The elimination of possible 3-to-
10 profit-takingS and the establishment
of the Farmers National as the most
important factor in the foreign market"
says Mr.. Huff, means that American
wheat has become accessible to buyers
anywhere in the world
Such work Is closer to the collective"
heart of the Farm Board than any
other.
Building and Loan Plans.
H NJ Bodfish, manager of the United
States Building and Loan League, con-
sisting of more than 10000 Building and
loan associations, has opened headquar-
tiers In Chicago to begin an active CAM
paign to tell the American people more
about the building and loan association
ideas.
One out of every ten people in the
United States is a member OF some
building and loan association. The as
sets Of these associations-now almost
SO, 0G0, 900, 000-are used largely In build
ing homes, and about 100000 are built
each year.
Loans are made on residences and are
paid back on monthly or weekly basis.
How have they succeeded? The records
show that in the past 10 years losses
have been practically nothing-ranging
from 1,000th of / per cent to IA
l,000th of ! per cent of the total re-
sources.
Mr. Bodfish believes that as the work. Z
ing mans dollar today. invested In o
home, buys less than 1t does invested in
any other necessity of life, the emphasis
of the next few years will be ito find
WAYS to, make, the building dollar go
further"