The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1934-10-18

TIL
record in congress is one Of unbend-
ing support for the president.
John Regain, gubernatorial candi-
date, struck chord when he brought
up the matter of highway foremen
appointed by the state administration
in many counties to care for political
and road duties. His statement:
when you see two men repairing a
hole in highway, one may be lean
ing on the shovel but the one who is
doing absolutely nothing is the fore
man." brought plenty of applause.
Genial John Arnett, who as county
Farmer-Labor chairman happened
to be appointed road foreman here,
took the thrust good naturally. John
is figuring on the last laugh. John
Hines, who was sitting beside Arnett,
left few minutes later.
Richard T. Daily Of Renville, fusion
candidate for congress, and Mr.. Hoi-
dale have one talking point the op-
position can't deny which is that a
Democrat can do more for the state
and district at Washington while the
party is in the saddle than a minor
ity Republican or an obscurity Farm
er-Laborite. Mr.. Daily is running in
revamped district, made to order
by the legislature for his opponent,
Paul Kvale, incumbent. The old
parties crossed the FL up by unit
ing on Mr.. DAILY. In hectic state
fight, new district, fusion and with
dozen other factors to consider,
one mans guess on what the out
come will be is just about as good as
another's.
Everyone has heard the remark,
"The AAA didn't do any good, it
was the drouth that brought farm
prices up" Mr.. Hoidale didn't at
tempt to deny the statement. He
simply made this very logical remark
"The effect of the drouth on prices
proved we were on the right track in
reducing output"
Probably Mr.. Hoidale had Tom
Schall back in his mind when he
urged voters not to make the mis-
take of voting for a man just be-
cause he bears their party label.
The way cars and trucks speed on
Mill, Bridge and several other streets
of the city, even to going around
corners on two wheels on Washing
ton and Second streets, leads US to
believe that the city would do well
to invest in a mounted speed cop, if
not this fall at least in the early
spring.
In spite of activities Of highway
department patrolmen and harping
of city officials, the speeding goes on.
It speaks well for the quickness of
limb and sureness of foot of pedest-
rians that we have not had several
tragedies this summer.
-
Something over a year ago jokes
involving bankers threatened for a
time to become as numerous as the
old puns about Scotchmen. All that
saved the few remaining bankers was
the fact that laughs resulting from
such stories always were bit fore
ed, they called up some unpleasant
memory about a closed institution,
frozen assets or the like.
But the success with which many
of the closed banks have been liquid
ated with comparatively small losses
to depositors has succeeded to a con-
siderable extent in restoring the
banker to his place in his community.
Any number Of banks have paid out
well enough to convince their COM
munities that fears, which resulted in
the closing, were unfounded.
When the average business man
was in the depression he enjoyed
some leniency from his creditors. He
could lag bit, sometimes quite a bit,
on paying his bills, particularly if
his creditors felt he was doing as
well as could be expected.
But the banker got no such consid-
Grafton. AS the depository for the
community, he owed everybody and
most everybody was needing the
money. When the banks debtors
couldn't pay, it was only matter of
time until the bank couldn't pay it's
creditors. The result is history.
When we compare the history of
the small town banker and the losses
he is responsible for in his communi-
ty with the losses which resulted
where people invested in foreign
bonds, watered stock and other "sec-
urities" which resulted in complete
loss, we discover that after all the
banker didn't belong at the butt Of
those jokes.