Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-25
FARM AID PROGRAM
MEETS OPPOSITION
Economist Says Agricultural
interests Need "Competi-
| tive Price" Restoration.
BY JOHN F. SINCLAIR.
snecial Dispatch to The star.

81
Special Dispatch to The Star.
NEW YORK, August 25.-Dr. Henry
r. Taylor of California, farm economist,
is opposed TO the farming INDUSTRY re-
-. celying any special help from the Gov
what the farmer needs. DR.. Taylor
4, saws. is economic justice, ms ne
believes the farmer can OBTAIN o l -
"restoring competitive prices IN the So
!. called competitive industries, by max
ar ing the Sherman antitrust law AGAIN
y. effective by revivifying the Feoeial
- trade Commission and by suspenoiiis
that part of the work OF the Depa w.
ment of Commerce which promotes Ilis
: !. orosnization of manufacturing ana
4- trade groups Tor the more elie|'l'e
- limitation OF competition.
X, Dr Taylor thinks public utlhty COM
missions should be appointed TO estao-
:, lish fairer rates and prices, reduce spc
cial privilege legislation such as liie
a7tarih and bring back ne olu conipeo
rtiye fres-trade principles III coiiiih'i
Cial life ,, A.. .no
- FARMERS TODAY are suffering lar more
iron, the high prices of the Things
which they purchase than from tne
lew prices for the farm products winch
they sell. os
being worked out by the Farm Loan
Board, does not appeal to DR.. Taylor
Auto Accident Toll.
~. In 7s cities in the United States, 81
automobile deaths occurred curing 1le
fo,Ir weeks ending August 8, as COM
waved with $50 during the four weeks
=. ending August 10, 1929 reports 'he
Department OF Commerce. -,
Most of the deaths were the result
nf accidents which occurred Within tiie
-cornorate limits of the various clues
~ Figuring the 52-week periods enolng
tszAugust 8, 1890, and August 10; 1879, Ine
total for these rs cities would be respec-
tively 8720 and 1887. This indicates
a recent rate of 23.3 per 100000 popu-
lation as against an earlier rate OF go
Three cities reported no deaths on
account of automobile accidents, either
refor the last four weeks or for the cor
responding period of 1929. These honor
,,cities are Cambridge, Mass; Schenec-
tady NJ Y, and Utica, ". <.
ss-E other cities which report no auto
sFfnobile deaths within the city limits
KS during the four weeks ending August
9. 1890, are Canton. Fall River, Duluth,
Grand Rapids. Kansas City LoWeh'
n Memphis and Providence.
IL The vigorous fight against growing
IA automobile accidents seems to be sue
ceeding this Summer, better than ever,
II Britain's India Trade.
III British trade with India has fallen
n at least 40 per cent since the Gandhl
II movement has taken on serious proper
II Gandhi. still in prison along with
III thousands Of his followers, is under
III stood to have given to the British
ii viceroy of Ind a. Lord Irwin, his con-
ii ditions for peace. First, that the Brit
III ish government must adopt dominion
II status for India as its policy at the
II round table conference which will be
held this Fall in London. Second, that
an immediate amnesty shall be granted
TO all political prisoners.
lg With the Winston Churchill drive
Il against Labors policy in the House
of Commons, opposing any peace set
II Element with Gandhi. the British situa-
III ton in India cannot be said to have
II turned the corner.
-. The British business interests, how
ever,want to settle matters as speedily
as possible for the practical effect of
a.Gandhi on British sales in India has
been disastrous.
sss The pressure of trade conditions may
force a settlement in India shortly.
Gold Production.
Dana T. McIver. Chicago mining en-
4 gineer, believes that the increased gold
8 production will more effectively stop
n IIllS pI6SeIlL. DuSlIleSS QeptGSSIOi tAldli
{ any other one thing"
So he wants more definite research
4 undertaken in the United States with
I a view of finding out definitely whether
4 or not 1.-The United States can expect
I from this time on only a minor gid
I production"
To-day the British Empire is pro-
sssrucing 70 per cent of all the gold being
S~sproduced, while the United States is
mining less than II per cent. Over a
/ period of the last hundred years, the
United States mined an average of 80
I per cent of all the gold produced. And
| look at the industrial development CT
the United States during that period, I"
: comments Mr.. McIver.
II the United States in the future
I should be forced to depend upon other
! countries for gold, it should now take
aEthe most drastic steps any country ever
sStook to protect the gold reserve which
IL it now has" he says.
IL The United States is doing three times
Il the business that it did in 1914 with
Is only about twice as much gold as a
Ii credit base. Obviously either more gold
If must be produced to carry on in the
X same way the country is now carrying
IL on, or the same gold must be ration
allied" in such a way as to get similar
.sresults.
I, This latter course is championed bv
lsthe CaSsel School of Sweden, in view OF
b the present decline in the world gold
,Eproduction.
Bank Failures.
Bank failures continue. There were
sf47l for the first six months of the year
Ii involving deposits of S2l0881 900, says a
! Federal Reserve bulletin
The Atlanta, Chicago and Richmond
!. Federal Reserve districts seem to be the
sfMorst affected. No one can observe the
II closing OF an average of three banks a
Il day throughout the country without
Il realizing that conditions are by nc
means normal. Quite the reVerse-they
are extremely abnormal.
II That's what the recent bank figures
II indicate.
III Copyright, 1880, by North American News
ID paper Alliance
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