The midland journal. (Rising Sun, Md.) 1885-1947, 1931-12-25

Il
are being studied by the consultative
committee of the Bank for Interna-
tional Settlements at Basel, Switzer-
land. Walter W. Stewart, American
member, refusing to accept the chair
manship, that place was given to DIR.
Alberto Beneduce Of Italy. Carl Jo-
seph Melchior was the first person
heard, the burden Of his argument be-
ing that Germany could no longer pay
Preparations. This Is, indeed, the view
of millions Of Germans of all parties.
THREE great farm groups, the Amer
! lean Farm bureau, the National
Farmers union and the Grange, in ses-
sion In Chicago, united on plans to fight
in congress for surplus crop control.
Their leaders said their demands
would be for the export debenture
and the equalization fee, and that their
disagreements Of the past on these
matters had been adjusted. Amend
ments to the agricultural marketing
act to permit the farm board to use
those principles will be introduced In
the senate and house soon after the
holiday recess. The organizations will
offer no objections to the program OF
the farm board other than the stabi-
lization operations.
The Harmony" program has result
ed from frequent conferences in recent
weeks between Edward A. O'Neal.
head Of the farm bureau: L. J. Taber.
master of the grange. and John Simp-
son, who recently was reelected presi-
dent Of the farmers union. II is their
contention that the nature Of the sur
plus will solve the problem Of which to
use-the fee or the debenture.
TOBACCO raisers of Kentucky don't
4 intend to let their product go for
what they think are ruln0us prices.
When the Lexington tobacco market,
the largest loose leaf hurley mart in
the world, opened the other day the
low price Of $12 hundredweight was
offered. and the growers at once start
ed riotous demonstration that caused
abrupt suspension Of sales with ten
million pounds Of leaf unsold. After
fighting with warehousemen and the
police, the planters, numbering hum
dreds, held a protest meeting In the
city auditorium where speakers urged
them to stand together and not "give
their tobacco away to the trust"
ONE Of the interesting department
~ reports Of the week was that Of
Postmaster General Brown. It showed
that the department came out $780,
066,1S9 behind in the last fiscal year.
which is almost $4S,OOo,O0O above the
deficit of the previous year. Mr..
Brown repeated his accommodation
that the letter rate be raised from 2
cents to 21s cents. stating that on the
present volume this would bring In
$5O,0O0,O0O year additional
"a 21s-cent rate would. however.
obviously fall far short of producing
adequate revenues at the present
time" the report said. 'The deficit
for 1881 attributable to strictly postal
operations was more than $98. 600. 900
and If present trends are maintained
the net deficit for the current year
win be in the neighborhood Of $780,.
100000.
"This raises the question whether.
in view Of the already overtaxed con-
dition Of the general treasury, It
would not be advisable. pending the
return Of moral conditions, to fix q
Scent rate for letter mail.
MOT long ago the Belgian govern
~ ment intimated to Archduke Otto,
pretender to the Hungarian throne.
that his presence in Belgium was prov
ing embarrassing, SO
tho vo,,D0 mon want