The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-06-07

loans are closely watched, and this
is happening at time when the Pres
ident and some of his advisers are
strongly urging the banks to make
loans.
Typical of How Code Works
Under MIRA and the numerous
codes, various terms and conditions
are laid down for business practices.
Here is a typical case: the code for
the graphic arts industries has pro-
vision prohibiting extension of credit
for longer than two years. That is,
a printing plant owner Or publisher
of a country newspaper or anyone
else wanting to buy linotype ma
chine had been allowed sometimes as
much as five years in which to pay
for expensive equipment of that kind.
Now, however, he must pay for it
within two years or the manufactur-
er will be code violator by selling it
on long term basis. Thus, it is to be
seen that the code exerts an influence
on what might be called the innocent
bystander. The country publisher
cannot save up gold with which to pay
for the machinery because he would
be criminal to have gold under the
present law. =. ...-
Again declaring that / am not dis
cussing the merit of the proposition,
it remains as a fact that the federal
trade commission is exerting an in
fluence on the type of investments in
dividuals make as a result of its con-
troll over the issue and sale of shares
of stocks or bonds. Of course, the
commission cannot reach corpora
ton that is doing business only in its
home state, but the larger corpora
tions engage in business on broad
er scale than that and the bulk of
shares and bonds, therefore, must not
be issued until the federal trade COM
missions securities experts have de-
termined the facts about the corpora
ton that offers them. It is a matter Of
record, of course, that numerous cor
porations have sold purely blue sky
stock, but the point I am attempting
to make is that here is another fed
eral influence on the lives of individ-
uals.
Forest Conservation
AS we go through the month of
June, another phase of the New Deal
becomes effective. / refer to the de-
velopment of the country's forests,
privately as well as publicly owned.
While there will be no noticeable re-
suits for some time, the Presidents |
forest conservation policy has become
operative nevertheless, and it is q |
long-range affair that is generally |
accepted as building for the future.
The program which the President |
initiated when he started the Civil
ian Corporation corps embodies def
mite scheme for restoring forests
that have been cut over and consti- |
tute nothing more than waste land;
it provides for selective cutting of |
trees in numbering operations. and
it is designed to create in the minds |
Of citizens the necessity for sustain
ing our forests against the time when |
at the present rate Of destruction |
there would be no more lumber. was
surprised when the forestry service |
told me that forest land was just |
about one-fourth Of the entire area |
in the United States. But the forest
ry officials reminded me at the same
time that. unless there is serious
conservation movement, there is only
enough lumber in sight to provide for
about thirty years more. Originally, it
will be remembered there was about
40 percent of the entire continent in
virgin timber.
Mr.. Roosevelt is proposing legis-
lation, most of which will be ready
for the session of congress me eting
in January, 1885, to provide machin-
cry for co-ordinating the efforts Of
the federal and state governments and
for gaining the cooperation of pri-
waite land owners in restoring grow
ing trees.
Headed for Clash
A good many Washington observ-
ers are wondering how soon the fed
eral trade commission and NRA are
going to lock horns. The two agen-
cies are certainly headed in the d.
rection of clash. It is generally con-
coded here that sooner or later Gen.
Johnson's NRA codes that establish
monopolies in various fields Of COM
merce and industry hre going to be
made the subject Of pithy comment
from federal trade commission circles.
How soon is will come, or what form
the disagreement will take, Of course,
can be only matter Of conjecture
now.
1t is necessary to recall the basis
upon which the federal trade COM
mission was created in order to get
q clear understanding of the clash
that is to be expected. First Of IN,
the creators Of the federal trade