Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-01
WASHINGTON OBSERVATIONS
BY FREDERIC WILLIAM VILE.

the London naval treaty, has now taken
the field in favor of carrying out an
orderly naval building and replacement
program within the time limits Of the
treaty" Walter Bruce Howe, chair
man of the leagues board, has Just
issued o. corresponding statement OF
policy" The Navy League, he says, Is
for 1.-THE fullest compliance by the
United States with the letter and spirit
of the treaty" Signs are already visi-
BILE that friends Of 1.-The treaty navy
are going to have a fight on their hands
in Congress next Winter and after,
Representative Burton L. French, Re-
publican, Of Idaho, veteran chairman
of the House Subcommittee on Naval
Appropriations, on his recent return
from Europe signaled his hostility to
legislation designed to carry the London
pact into full execution. Our profess
sional pacifists are with him.
DR.. William M Jardine, newly Gre
ated American Minister to Egypt, Is
sailing for his post, with Mrs. Jardine
and their two daughters, on September
8. He has never been abroad before
distinction he shares with Senator
Borah. Cotton diplomacy" Is what
the former Secretary of Agriculture ex-
poets to specialize in at Cairo. One
Of the major problems facing American
growers il the increasing production
Of short lengths and Of "untenderable'
grades of cotton. Just what Egypt,
from which we import long-staple cot
ton, has to teach US in the feld OF us
growth is Jardine's principal assign
rnent in pyramid land. I'VE don't ex-
meet to be lonesome in Egypt" he
saws. ct understand that about 10000
Americans visit there every year"
Uncle Sam has fine legation at Cairo
LEASED from an Egyptian who now
represents his country at Paris.
y 4
Drought relief will call into wide
spread usefulness the IL Federal inter-
mediate credit banks, whose resources
are to be made available through ag-
ricultural credit corporations. The IN
termediate credit banks have poteh-
tial lending capacity of $3.50, 000, 900.
they are capitalized at $4,000 900 each,
one-half Of which has been paid in by
the Federal Treasury and the other
half is on call from the same source.
In addition to discounting farmers,
notes through local institutions, the IL
intermediate banks make direct loans
to farmers cooperative marketing Or
sanizations on receipts representing
staple agricultural commodities stored
In acceptable warehouses. Since the
banks were organized in 1928 they have
advanced, including renewals, the tidy
total of 100000 600 to % farmers CO.
operatives, which handle score or
more of commodities. The financial
aid thus rendered needy agriculture ex-
actly equals the revolving fund which
Chairman Legge and the Federal Farm
Board play with.
r y y
When Sir William Jowitt, attorney
general of Great Britain, was riding
down the Potomac TO Mount Vernon
last week aboard the Nays most de-
crepit scow, U. s. s. Porpoise, he men-
toned something in that mornings pa
pers which set him to thinking. II see
that the United States" Jowitt re-
marked, lis spending $125, 100000 a year
on Tom Thumb golf courses. That's
just what Great Britain is paying you
in interest and on account Of her war
debt"
(Copyright, lsso)