The midland journal. (Rising Sun, Md.) 1885-1947, 1933-11-10

| 20 UP ana LndL WOulQ result IN DOL"
lar buying more of given commodity.
Ihave been unable to learn from any
of the folks who had a hand in devel-
opment Of the
Human Factors present program
| TnDolUed just how they h y
certain human factors in the situation.
For instance, the value of the dollar
may be fixed so it will buy one bushel
of wheat, but other wheat countries
in the world may have tremendous
crop. They will have much more than
they can use and, naturally, the pro-
ducers will want to sell badly, so bad
ly, in fact, that they will take % cents
bushel for the wheat. Will Ameri-
cans deliberately pay 81 when they
can get wheat for 25 cents, or will
there be tariff wall built so high that
no wheat can enter this country at all?
And If there is that tariff wall, how
will foreigners buy our goods, some of
which they obviously are going to
II
less they can sell something here, they
will run out Of money eventually and
cannot pay for purchases in America.
That situation will run through our
entire structure of commerce and BUSH
ness.
In fairness, it must be said that II
there can be worldwide control of pro-
duction and if industrial production
can be stabilized and If employment
remains the same, then certainly the
government can manage" its currency.
There is much discussion in Wash
ington, however, that the gold pur-
chase plan constitutes the first step
in general imitation of the currency.
On the face of things, it would seem
that imitation is certain. On the other
hand, Mr.. Roosevelt is regarded by
many men who know him and have
known him through the years, as an
individual who wants and will have
sound money. They are saying that
even now he is leaning away from in
flation because he has seen what In
flation did to Germany and what it has
done to every other country attempt
ing it. Sooner or later, their currency
became worth only the value Of the
paper as script or waste, or souvenirs.
There seems to be no doubt that fox
farming is an important industry. It
has at last been rec
Help for ognized as such by
e. E1~..... the farm credit adj
ministration. The
fox farmers, it seems, have suffered
like others during the depression and
have to have help. They are going to
get 1t, too, from the farm credit adj
ministration. Here is the announce
ment, officially made by the Depart
ment of Agriculture:
considering silver fox raising a
business that calls for long experience
and special equipment, the farm credit
administration has informed the De-
| partment of Agriculture that it plans
| to make loans on silver foxes as pri-
mary security, but 1t will make such
loans only to those operators who
have specialized in fox farming, have
| proper equipment and have shown ex-
| pert knowledge in the general care and
| feeding Of the animals Each appli-
| cation, It is added, will be considered
| on it's merits, and in cases where fox
farming is incidental to general farm
ing or other business operations, silver
foxes may be considered as additional
security, within reasonable limits"
In other words, the farm credit adj
ministration has decided that a silver
fox is just as good as horse, or a
cow or pig as security for govern
ment loan, and regional credit corpor-
atoms have been advised they may
make loans>on that basis. After talk
ing with some of the Department of
| Agriculture folks, / am inclined to the
| opinion that possibly the fox pelts are
better security than some other farm
animals. Certain it is that individuals
who can afford such luxuries still have
money, and they are about the only
ones in the country still having it.
The truth Of the old adage that "pol-
itics makes strange bedfellows," never
has been better demonstrated than I'M
der the present administration. There
is considerable comment ON these con-
ditions among washington observers,
and Republicans are overlooking with
mirth about the actions taken.
1--WE Republicans have been enjoying
this one phase of the administrations
recovery efforts" said one Republican
leader. "Just think of it Here is a
political party that throughout its his
tory has argued for low tariffs and has
criticized those of us who have insist
ed there must be protection for home
industry. That same party, having
full responsibility for the government,
now is turning to high tariffs in num-
Der of cases and has even gone to the
extreme of laying an embargo on com.
petitive goods from abroad. Shade of
Boies Penrose, (the late Senator Pen.
rose of Pennsylvania the thing is
lauUhahInn