Milford chronicle., 1933-05-12

/ ticians asked inquiringly for an ex
PLANTATION. In other words" h
went on, 'the basic resources o
America are still here. The peopl
are still here, better prepared thai
ever to use their hands and thei
hearts as result of their ordeal il
the depression"
The. politicians pressed him fol
details as to what the government
ought to do. Government can cleal
some of the obstacles to progress,
declared Mr.. Cathcart. "The farm
ers are giving the government theil
continued confidence. Let it do its
utmost-but the most that should be
hoped for is return to conditions
under which man, willing to &c
about his work intelligently and
conscientiously, can expect a rea-
sonable reward for his efforts. Then
it is up to the farmers-all of us
to pitch in for ourselves"
Mr.. -Cathcart praised the activities
of the President. His bold strik-
ing-out has aroused a great wave
of enthusiasm throughout the coun-
try" Mr.. Cathcart said. "a sodden,
dispirited people has become by the
magic of psychology nation with
! hope in its heart and a song on its
lips. The new deal involved a burst
of activity. But by the very nature
of things we must look ahead and
consider the fact that such activity
cannot go, on indefinitely.
Reclaim the Good Earth
How can farm be made to pay
better with less cost is the question
uppermost in thousands of COM
munities. Government figures on
the situation in Ohio show that there
are 1O2,29O acres of land unfit to
raise crop for lack. of drainage.
There were 567,S23 acres only part
ly drained and therefore fit to raise
only a partial crop. Great numbers
of bitches in those drainage acres
are outlets for tile drainage and
hundreds of miles of them need
cleaning. The recent dry seasons
may give place according to the law
of averages, to a wet summer and
the many miles of open bitches will
prove a menace because heavy rains
will cause water to back up into
them and overflow. Many of these,
drainage bitches are filled with
weeds, silt and debris. If the ditch
es are not cleaned out some of the
richest in the State which will pro-
duce better crops at less expense
for fertilizer and at less labor than
much of the other land will be un-
used. Therefore the farmer is act
ually spending more and getting
less by failure to have the bitches
cleaned out. The constructive effort
in cleaning bitches and bringing un-
der cultivation the vast acreage in
volved would, it is pointed out, in
Washington, furnish substantial help |
during the coming fall to the farm
ers.
About Banking
No civilized country of modern I
times has suffered so cruelty from /
and inefficient currency |
and banking systems as has the
United States.
This, sentence sums up a situa-
tion which everybody is determined
to remedy, The wording bears eX-
ceptional authority. however, being
the considered statement of Thomas
W. Lamont of ]. P. Morgan and Co.
Mr.. Lamont proposes two vital
changes in banking practice. mo
banking reforms can
De brought about until these changes
nave been accomplished" he de-
,lares in Golfers Weekly. "rhe
irst is to bring all the commercial
,anks of the country, small as well
IS large, under the single aegis of
he Federal Reserve System" "The
econd," he says, sis to establish
ensible provisions for limited reg
onal branch banking"
Such reforms, brought about
ought to begin to yield to
he country some measure of bank
ng stability, Mr.. Lamont Opines. For
25 years, attempts to develop a
cientific banking system have been
blocked by the country's
distrust of centralized
anking, despite the success of such
ystems in England, France and
,anada.
The hope for progress toward real
rderliness and stability lies, as it
lways does in these matters, in an
reused and intelligent public opin-
IN, and in constant Strengthening
{ the Federal Reserve System.
II took seven years, following the
anic of 1907, to bring about bank
lg reform sufficient to get the Fed
tuh iii