davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
Refinancing The
Farm Mortgage
Continued from Page u

(COnClnueQ from rage -
per cent of the farms permanent in
sured improvements.
If the mortgage is not in excess of
this amount, the Federal Land Bank
will make the loan promptly and on
the same terms as its other loans.
If the mortgage is in excess of this
total appraised value
THE farmer and the holder of
the mortgage must get together on
some basis whereby the mortgage is
Banks loanable Offer
2-To aid in this scaling process, if
the adjustment can not otherwise be
made, another department of the Fed
eral Land Bank will make the farm
er second loan, provided the farm
er has security of any kindly the pro-
ceeds of which are to be used in MAX
ing the readjustment settlement with
the mortgage holder.
Such second mortgage can not be
in excess of $4,000. The interest rate
is to be per cent. Such second
loans run for Ii years, with no pay
ment required on the principal the
first three years. To aid in the re-
adjustment of this class of mortgag es,
the law provides a special fund of
two hundred million dollars.
If an agreement can be reached be-
tween the Federal Land Bank, the
farmer and the mortgage holder as to
the readjusted amount of the mort
gage, the bank will pay the mortgage
holder, not in cash, but in bond,
drawing not to exceed per cent in
terest and exempt as to taxes. The
government itself will guarantee the
interest on the bonds. The mortgage
holder having thus been paid off. the
Federal Land Bank takes a new mort
gage from the farmer for the scaled
down amount, the mortgage being on
the same terms and conditions as
other Federal Land Bank mortgages.
The law authorizes the issue of such
bonds to the amount of two billion
dollars.
If the Federal Land Bank, the
farmer and the mortgage holder can
not get together on a REIMBURSEMENT,
the system does not function.
Loans from this special two hum
dred million dollar readjustment fund
can be made to redeem lands fore
closed, to satisfy other debts and to
secure money to operate farms.
If farmer is unable to meet the
total of miscellaneous claims against
him, and if the creditors are willing
to pool their claims in compromise
settlement for the amount which the
department. under its appraisal of the
property of the farmer. is able to loan.
such loan can be made out of this
fund and on the terms named, claims
being paid to the creditors on a pro
rata basis in cash.
Joint Stock Land Banks to be
I.iqufdated.
The law orders the liquidation of
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
INTEREST is IMPORTANT

There is some criticism of Edward
A. O'Neale, president of the Amer
lean Farm Bureau Federation, for
switching his support from the So
called Frazier farm relief bill, which
would have provided low interest
rates on farm mortgages, to other
federal legislation which was not as
effective for the farmer That Fraz-
Ter bill with its low interest rate of
112% and amortization plan pay
ments of 112%o, or a total of only
go, was evidently too good for the
farmer and did not suit the interest
collector. Perhaps it was hardly to
be expected that the national Farm
Bureau president was to stick by the
guns-the resolutions adopted time
and again by different units of the
Farm Bureau and all the propaganda
given out in behalf of the Frazier bill
by that organization. Seems it is
not the first time that high ranking
officials of the Farm Bureau have
shown that they are very good friends
of the big bankers. Cutting interest
rates is a big bone of contention.
That will be fought to the last ditch
by big interest collectors.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
PUT 1T ON ROADS
WindOm Citizen)

Again we suggest that if the ad-
ministratiOn is determined to put
money in circulation by big pro-
gram of public works, that those
works take the form of highway build
ing. We believe that this is the more
feasible plan for two reasons. One
is that the work on highways would
distribute the employment more gen.
orally over the country. with every
state benefiting. The other is that it
would help to tighten the burden of
the taxpayers in the various states
who are at present financing the
roads. Good highways are an economy
to those who travel them, and so far
as the government is concerned they
are an asset both from a commercial
and military standpoint Why not
spend our public works money on
roads, and quit draining more swamps
or irrigating more arid land to make
a surplus for the farmer?
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
COST OF REPRODUCTION

Cheaper gas, cheaper electri-
city, a general downward revis-
ion of utility rates seem to a
number of observers to be in
prospect as a result of a recent
United States Supreme Court de-
cision."
That is the way the first para
graph reads in an article in this
weeks Literary Digest under the
heading of Utility Cuts in the
Offing"
The high rates being charged
all over America for electric
light and power has aroused the
people. The new leadership in
this country will go long ways
to remedy this injustice. The
Capital Times of Madison, makes
the following editorial comment
on the important decision of the
Supreme Court:
One of the most important decisions
in years was handed down recently
by the United States supreme court.
1t concerned the big private utility
which furnishes gas to the city of
Los Angeles and the California state
regulatory commissions valuation of
the gas company property. The Cali
fornia commission applied the cost
of reproduction" theory which used to
be so popular with the utilities and
fixed the gas company's plant valua-
ton at $65. 100000. The gas company
claimed a valuation of $50. 100000 and
sought to charge rates based on that
figure. The U. S. supreme court,
however, ruled in favor of the COM
mission. Gas rates in Los Angeles
may not be based on an inflated plant
valuation.
The cost of reproduction" theory,
in period of declining prices, has
turned out to be boomerang to its
most enthusiastic supporters, the util-
tiles themselves. In the days of the
beautiful boom when prices were ris-
ing overnight, it worked fine for the
utilities. A utility with a plant
worth S5,000,0O0 in 1921 could claim
its valuation on the cost of reproduce
tiOl tueOTy 10 De olU,UUU,OUU Ill 1873.
If such valuation could be established,
of course, it would be big increase in
the rate base and hence in the rates
that the utility could exact from con-
SumerS.
But when the peak of high prices
was reached in 1929 and the tobog-
gan started down the other side of
the mountain, the cost of reproduce
ton" theory took on another mean
ing. While it might have cost $10.-
600, 900 in 1929 to reproduce at 1929
prices a S5,00O,000 plant built in 1921,
it might also cost only S5,000,0OO in
1892 to reproduce a S1O,00O.000 plant
built in 1929 OF course, the illustra-
lions are hypothetical, as utility
plants are usually not built in a year,
but the principle remains the same
in considering the effects of the cost
of reproduction theory.
The US. supreme court decision
takes the stand that if it was fair to
apply the cost of reproduction method
of valuation during boom times, it
is fair to apply it when prices have
fallen. The utilities have cut them
selves on their own jackknife, and
the supreme court refuses to bind up
the slashed fingers.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
PAY.AS.YOU.GO

War is not a pleasant thing to talk
about, for the last one was so recent
and should be well remembered by
all adults. Its consequences are very
noticeable and will be felt for many
years to come. War is expensive to
victor and vanquished. Both are
losers financially.
1t was the late Senator Robert Nj.
LaFollette, ST.. of Wisconsin, who
made a valiant fight to have the
World war paid for as we went along
by taxing wealth just like men were
conscripted for service. Instead of
taxing wealth the country was bonded
for the expense and 21.000 new war
milliOnaireS were created. LaFollette,
from public life on account of the war
hysteria. Isn't it silly to think that
a man should be branded as disloy al
because he wants to tax wealth for
war when others give their lives?
Those who voted against war. but
later wanted to tax wealth for the
cost of the war have never been
stingy about giving the service men
a good square deal once we did get
into the mess.
The time to mould public senti-
ment for paying for war as we 60
along is during peace times. When
war is on Independent thinking is
past. 1t is something like trying to
legislate in a mass meeting with
many shouting at the same time in
stead of taking proper precautions at
the right time by electing men to
office who stand for principles and
will do the right thing.
Yes, the next war should be on a
pay-as-you-go basis. 1t is good goal
to strive toward to make everything
more on a pay-as-you- basis.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
DISPENSER AND RECEIVER

There will perhaps always be the
provincial folks who like to be
praised. who thoroughly enjoy being
told that they are superior to others
and who seem to thrive on that kind
of flattery. There may not be much
harm in it-perhaps quite little sat
isfaction to the recipient of the flat
tery-but there is the danger of over
confidence and self satisfaction which
comes in for cruel awakening if the
provincial person is called to a task
that requires more than self con-
fidence and egotism.
And there will likewise be the per-
son who hands out the flattery-who
agrees with erybody-who tells
them that they are right when he
knows otherwise, the fellow who does
not go against the grains for the
simple reason that he wants to be
popular and gain political favor for
himself. He is the dema gOgue-a
person that can as we'll be dispensed
with as the wealthy snob.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
PAINLESS SYSTEM
(Mille Laos County Times)

(MlllS I.dCS SOuuIy L lIlSc)
Somehow the plan to help the farm
ers by having them curtail production
does not seem to appeal to ordinary
common sense. The production of
farm crops is a gamble at best and
nobody knows how much is going to
be produced from year to year. Cur
failing of planting and leaving large
tracts of productive land idle could
easily result in a national famine if
there should be crop failure in the
area planted. Under the present sys-
tenn of planless industry there seems
to be no remedy in curtailment of
farm production The remedy must
be sought in building up the buying
power of the people. and in the dis
pOsal of such surplus as may be pro-
duced. The whole problem is the re-
suit of painless system Of produc-
ton in this country where it is every
man for himself and the devil take
the hindmost. Too frequently the at
tempt to patch up such a system by
arbitrary laws makes conditions worse
instead of better. The remedy is fire.
quently worse than the disease.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
SWEATSHOPS
(The NatiOn)

While grown men hunt for work and
model factories lie idle, understood
children twelve to sixteen years old
are working ten and twelve hours a
day for two or three dollars a week
in dark and filthy sweatshops through
the industrial East. That is one of
the more gruesOme of the many para
dOXes of the depression in America.
The children in Allentown, Pennsyl-
vania, were lucky enough to enlist the
wife of Governor Pinchot in their
cause. AS a result their strike be-
came news even i'm the columns of
our leading optimistic dailies, and
some of the strikers at least won an
increase i'm wages and minimum
wage guaranty. But the significance
Of the Allentown incident lies in the
fact that it is not exceptional. Sweat
shops flourish in every industrial state
which has lax labor laws or indiffer-
ent enforcement. They persist mainly
of course because of the vast supply
of unemployed labor, but another con-
tributing factor is the inadequacy of
unemployment relief. In thousands of
American homes meager public relief
is being supplemented by the long
labor of children who are more easily
exploited than their elders. The press
could undertake no more important
public service than to expose merci-
lessly the conditions which exist in
hundreds of factories. Full publicity
combined with boycott of goods pro-
drive the sweatshop out of existence.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
DON'T SHOOT
Duluth NewS-Tribune)

One death has resulted from the
mixed-up tax deed provisions of Min
nesota laws. A young man near Be-
midi was killed in a fight on land
he thought his father had bought.
but which the original owner felt
still was his.
1t isn't much wonder that ordinary
folks fail to understand these laws.
County attorneys have given opinions
Numerically opposed, and the attor-
ney general has failed so far to reply
to requests for his opinion.
Briefly, though. lest we have more
shootings, the provisions of the laws
as they seem to stand may be stated
again. According to the preponder-
ance of the legal opinion, there is
no way in which title to land may be
acquired before 1896 by the purchase
of tax certificates for years since
1925.
The legislature of 1927 gave owners
a moratorium of five years on taxes
of 1925 and subsequent years, and ex-
tended the time for redemption after
sale from sixty days to full year.
The last session extended the mora
forum to seven years, making total
of eight before title can be given.
The date-if not extended again-now
falls in 1886. In other words, own
ers may hold lands delinquent since
1926 until 1886, and the buyer of GER
tificates will have no right to go on
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

the land till somewhere about the
middle of that year
The general opinion seems to be.
however, that if taxes of 1925 and
prior years are delinquent, the buyer
of certificates may give notice to the
original owner and, sixty days after
the service, will receive a deed Then
the land is his, unless the supreme
court should rule otherwise. He can
make his title entirely secure by
bringing action to quiet title or by
buying a quit claim from the original
owner.
Millions of acres are tied up by
these provisions. The owners may
hold the lands without paying any
taxes. Buyers of certificates have to
wait long time for deeds. It's a
bad situation, but it is not a shooting
matter.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
HINCKLEY WINS
PLAY DAY EVENT
Continued from Page u

One hundred yard dash-girls: Wal
ker, Sandstone; Jensen, Askov; Lon
lund, Finlayson
Running broad jump girls: Fin
layson, Hinckley, Askov.
Running high jump-boys: john
son. Pine City; tie-Collins, Hinckley
and Emert, Finlayson.
Fifty yard dash-girls: Walker
Sandstone; Lonlund, Finlayson; God
dard, Cloverton.
Fifty yard dash-boys: Fisher
Askov; Entner. Finlayson; Lodson
Pine City
Potato race-girls: Cloverton, Will
low River, Brook Park.
Three legged race: Pine City, Fin
laysOn, Askov
Running high jump-girls: Roberts,
Rural; tie-Moffet, Hinckley, Jensen
AskOv, and Walker, Sandstone.
Running broad jump-boys: Fisher,
Askov; Collins. Hinckley; Olson, Sand
stone.
Two hundred yard shuttle relay
girls: Sandstone. Hinckley, Askov.
Two hundred yard shuttle relay
boys: Pine City, Finlayson, Askov.
Pole vault-bOys: Buirge, Pine
City; Fara, Hinckley; Johnson, Fin
laySOn.
High School Events.
One hundred yard dash-girls:
Ziegler. Hinckley: Petersen. Askov;
Walberg, Sandstone
One hundred yard dash-boys:
Therrien. Pine City; Elsola, FinIay-
son; Currie. Donald.
Running high jump-boys: John
son, Pine City: Currie. Hinckley: tie
Eriksen, Askov. and Cragun, Sand
stone.
Running high jump-girls: Tie
Sandell Hinckley, and Petersen,
Askov; tie-Lundorff, Sandstone, and
Norland. Finlayson.
Running broad jump-boys: Finlay-
son. Cloverton, Hinckley.
Fifty yard dash-girls: Petersen,
Askov; Ziegler. Hinckley; Frohreich,
Finlayson.
Fifty yard dash-boys: Johnson,
Pine City; Currie. Hinckley; Bergseth,
FinlaysOn.
Shot-put-girls: Thompson Hinck-
ley: Arth. Finlayson: Larsen. Askov.
ShOt-put- Therrien, Pine City;
Arth, FinlaysOn; Gebhardt, Hinckley.
Two hundred yard shuttle relay
girls: Hinckley, Brook Park. Askov.
Two hundred yard shuttle relay
boys: Finlayson, Pine City. Askov.
Pole vault-boys: Stephan, Hinck-
ley; Austin, Cloverton; Cragun, Sand
stone.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

The country's big financiers, J. P.
Morgan and his partners, are being
asked for a show down these days in
Senate Investigating committee. 1t
looks like it was high time that
things were stirred up and looked
into with the big financiers. Of
course there is resentment to look
ing into the inner affairs of the
money wizards, but it is a good way
to get at the root of the evil. This
investigation will show up some more
of that rugged" individualism.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

the Joint Stock Land Banks, since
the Federal Land Banks will ref
nance their farm mortgages. There
Is provision for the same reap
praisal and scaling down of these
mortgages as for any others the Fed
eral Land Banks will take. The law
provides for a fund of one hundred
million dollars to assist i'm the re-
financing of these mortgages and in
winding up the affairs of the Joint
Stock Land Banks.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
Marriage License Applications

The following have applied to the
clerk of district court of Pine county
for marriage licenses the past week:
RaynOr Norlander to Ethel c. John
son, Friesland.
Edward L. Larson to Meta B. Dilley,
Markville.
John Bauer to Loretta kunesh, Pine
City.
Leslie R. Rogers to Lulu Mae Jen-
sen, Burnett county, Wis
Chris Miller to Violet L. Jensen,
Meadow Lawn.
George Pobuda, Pine City, to Del
phia H. Steen, Hinckley
d. A. Schritz, Ohio. to Josephine
Ruckstuhl, Sandstone.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
FEAR OR MONEY

An exchange said a mouthful when
they brought out the following:
MANY publishers dare not tell the
truth because of enslaving letters,
produced by personal lust for money
or power or through servile fear of
those who control the money bags and
dictate who shall or shall not occupy
positions of high trust and response
bility. Greed for wealth and power
has ruined many of the worlds most
promising men and women. 1t might
easily sap the life blood of the pub
lie press, if such disaster is not al
ready an accomplished fact in very
large measure"
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
FLEMING TOWNSHIP

Harry Laird, Harry Larson, and
Frank Grushens from Webster, Wis,
spent the weekend at the Sam Long
shore home
Leon Monette is building new
house 1920. The foundation is just
completed.
The Seidenkranz family from near
Barnum, moved onto the farm va
Gated by Frank ROdenberger.
Mr.. and Mrs. Ed Beavens and Mil
ford Swift were in Sandstone Tuesday.
Mr.. and Mrs. John Jensen were with
their little girl in the cities again
last week. The little one is still
very low. They could not see her.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
OPINIONS OF OTHERS

(ShOrt timely letters on topics
of public interest are welcome.
ions conform with those of the
American. All letters must be
signed with the writer's name for
our information. Signed articles al
ways are more effective. but if the
writer does not wish to have his
name used. it will be withheld.)
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
A THICK HIDE

(Grand Rapids Herald-Review)
We shall be mighty glad to have
our readers agree with us. But when
they cannot, we hope that they dis
agree. A newspaper publisher does
not mind criticism. Years of expert
ence with the public gives him a
thick hide and sense of humor. both
of which are very useful in the news
paper business.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

Postmaster General Farley says
that Joe Wolf will distribute Demo-
cratic patronage in Minnesota. A lot
of Republican office holders are won
dering how they are going to keep the
Wolf from the door.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

An exchange tells of a man named
Forrest Stump who lives at Walnut
Grove in Redwood county. At last
accounts he was trying to join the
Woodman lodge.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

The snorting and kicking that some
of the old line politicians and parti-
san editors are doing over the new
consolidated primary ballot law only
shows that such a law was badly
needed. They hate to see the people
get out of political control.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

Bringing back beer is helping the
brewers at the expense of farming
and other industries according to lat
est reports. People who drink beer
quit drinking milk, soft drinks, or
consuming ice cream and the effect
is already being felt in these lines.
While the legislature was at it they
should have passed an act to enlarge
the stomachs of the people.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
FROM EXCHANGES

Editorial Comment From Other News.
papers. Which May or May Not
Conform With the Opinions
Of the AskOv American.)
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25
HIT AND MISS

(Mille Laos County Times)
right away, says careful observer,
for it will take about twenty years
to produce new crop of idiots.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

Heard at the mems club: "Do you
give your wife all the money she
wants." There isn't that much
money"
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-05-25

Nothing's beautiful except food to
a man who's hungry.