Milford chronicle., 1948-10-08

LIFTING THE LOAD OFF THE FARMERS BACK
Within recent years there has been an
industrial and economic revolution dOWn-On
and upon the farm. The argument over
price supports" has been settled in the af-
firmative by the Republican and Democratic
parties. Farmers will get up to $2OOO,OOO,-
600 in the fiscal year ending next June-nO
matter who wins the November election. The
"Old farm isn't what it usterwas," with cot
ton, wheat, oats, eggs, tobacco, corn, rice,
chickens, butterfat, milk, potatoes, hogs, soy
beans, etc., receiving Government support.
There's a reason! Innumerable reasons !
Perhaps you remember when hundreds of
European agricultural scientists came to
Washington several years ago and cOngre-
gated at the Hughes electrical farm a few
miles away in Virginia? Every electrical de-
vice of that period was at wOrk-On the
Hughes farm; in the sheds where COWS were
milked; in the chicken coop; the comfortable
hOme-and even electric wires were strung
in all directions to illuminate the broad acres.
Electrified farms are everywhere today.
Farm machinery has reVOlutiOniZed millions
OF acres, lifting the load off the farmers
backs. Look around! Turn off the gas on
your automobile stop, and behold with
amazement the triumph in AGRICULTURE
pretty word that broke into, farm society,
and progressed so rapidly that politicians,
and their political parties, put up big money
to back the new-fangled notions that pro-
NOTED farming to Class A as a top American
industry
In short, electricity, good highways, au-
tOmObiles and tractors led the way and a
thousand new methods and improvements
lifted the load off the farmers back. If you
have any doubts about all this get out into
the country and BEHOLD the modern new
buildings on the farm; watch the wheels go
round; listen to the radio, and if you need
to talk to your folks hundreds of miles away,
there is phone handy by.
In short: Farm products are what all
people depend On-and must have That's
why Federal support for farm prices will
continue, no matter who wins the elections
this fall.
WHAT'S IN A NAME?
If we are to take the word of the Com
munists and other assorted left-wingers. it is
hardly any surprise to learn that the great
majority of Americans have been labeled
'reactiOnary". That is, those of us who be-
heVe IN the principles of a free Democracy.
BY contrast, the reds and pinks have usurped
and perverted the once cOmmendable des-
lgnatlOn Of progressive.
munlSm are one and the same. 1t is not too
difficult to discern that progressive" DO
htlcal program is one that passes approval of
the Kremlin. We find that progressive"
labor union is one that is udner Communist
control. A progressive" policy on a dOmes-
TIC or foreign issue is one that bodies no good
for our Democratic way of life.
On the other hand, anyone who is anti
Communist or who even dares tO.questiOn
the validity of the party line is a reaction
aTy'. A labor leader who advocates labor
management cooperation and the system of
free enterprise is likewise smeared as a "re-
dictionary"
Our office dictionary defines "prOgress-
i've" as tanning at or encouraging progress"
and "reactiOnary" as tending to react or
turn back" In light of this, it seems to us
that the COmmies have got it all wrong, as
usual. America, according to the dictiOn-
aryS definition, is the most progressive Ma
tlOn in the World in chronological and human
advances while Russia, the Communists
apex OF perfection is attempting to restore
and spread the doctrines of a police state
reminiscent of the dark ages.
5000
REAL ESTATE LOANS RUNNING WILD
A warning has been issued by the Fed
eral Deposits Insurance Corporation sug-
geStlng that banks throughout the country
had better be careful about tying up too
much in lOng-term real estate loans. Chair
man Maple T. Hart hOisted the danger sig
nails few days ago and showed in a report
that real estate loans of insured commercial
banks were doubled in a twO-year period
He said that banks had $9,27O, $4,000, equal
to 6 per cent of their assets invested in real
estate loans at the end of 1947. By compari-
son only 3 per cent were so invested in 1945
Evidently, One-half of the outstanding loans
Because we have available in the United
have been made during the period of high
prices. The Government has guaranteed
most of these loans.