on n KEEP News Interesting to farmers Through the Vol. X, No. 24 Farm Newi FAK8! FIFTY CENTS 1'FIl YEAR A Newspaper For Michigan Farmers I CHIC AN SATURDAY, DECEMBER 24, 1932 FIVE CENTS THE NEWS A Progressive Newspaper For Michigan Farm Homes Issued Semi-Monthly PER COPY FARM GROUPS FOR Mason Co. Farm Bureau Annual Meeting Jan. 7 Farm Bureau in Ohio WILL OFFER 1 0 0 UNIFIED FRONT ON Scottville—Annual meeting of the NATIONAL HONORS FOR CALHOUN 4-HCLUB ORCHESTRA Wants Some Changes Colutnbus, Ohio—Among the poli- BILLS TO REDUCE Mason County Farm Bureau will be TAX LIMIT ACTION at the community hall, Scottville, Saturday, Jan. 7, at 1 o'clock, ac- cies advocated by the Ohio Farm Bureau Federation at its recent an- STATE GOV'T COST cording to Wesley 8. Hawley, sec- \\ nual meeting were (1) real estate prefer Real Economy to New retary. Officers will make . their to bear not more than 40'/ of gov- reports and a president, vice presi- ernment costs; it now bears 65$ In Taxes; Hear Income Tax Ohio; 65% majority to carry bond Commission of Inquiry Says dent and three, directors will be Still Possible elected for two year terms. Dele- issues; State income tax, selective 1 hat Slate Can Save gates to the State Farm Bureau con- sales taxes, part of IF. S. income, $5,000#00 per Yr. Lansing—Michigan farm groups vention will speak. ax to the States; State to assume met at Lansing Dec. 9-lo consider In the matter of entertainment, greater share of school costs; reduc- ion of Ohio's legal rate of ini Lansing—The State of Michigan cap t h e future of the $15 tax limitation Sec'y Hawley Tiopes to have Edward amendment and their respective Dryer, of the Michigan Tourist Re- to 4r/<; stabilization of money as to save the people 5,000,000 a yeas by ts purchasing power. certain economies, by abolishing var- viewpoints on any companion legis- sort Ass'n show motion pictures of ious jolts and commissions, by abolish- lation that may be offered in the western Michigan. The Scottville ing certain laws fixing s a l m i e s of lo- 1933 legislature in connection with the tax limitation amendment. Represented at the meeting were: nigh school orchestra will play. Charles and Clara* Pepperman will play violin and pfcino duets. SUGAR PLANTS TO cal public; officials, and *«o on, said the Commission of inquiry into s t a t e •higan State Farm Bureau higan State Grange PAY 11 MILLIONS Governmental Expense in making i t s report December 21. •hitfan Ass'n of Fanners Clubs •liigan Farmer ...higan Farm .Wws CASSOK BUREAU Shiawassee Bureau Moves to The Commission has prepared m o r e than lot) bills to c a n y out die reconi- inendal ions it makes for economy. The farm organisations were repre- sented by their State presidents ami secretaries and members of their State boards. Others present were FAVORS INFLATION Reopen the Owosso Plant These bills Will be introduced in the lure early in January and are dersiood to have the approval of Fred WoodWOTth, collector of internal revenue at Detroit; Herbert Powell, Increase in Prices Remedy C o n i n n a—Eleven sugar beel Gov.-elecl Conrstock." State Commissioner of Agriculture, thbers of the Commission of in- Representative .lames N. McBride. For Foreclosures and plants operating in Michigan this quiry into stale Governmental Nx- The meeting agreed that if' any season will pay to farmers and to legislation is enacted to conform Distress labor and for materials, taxes and p. .1. C Armstrong of with the tax limitation purposes of other operating expenses from which Detroit, chairman; Senators Peter B. the $lr» amendment, the finest ion of C a 8 s o p o 1 is—Farm commodity Michigan citizens benefit, a total of Lennon of Genesee; James A. Skinner equalizing school taxes should be prices are at record low levels, re- The Calhoun County 4-H Club Or- at the banquet at tin- 4-II Club and Alfred Johnson, Emmet I; clar- $11,000,000 Dr. Brock of the Mich- of Cedar Springs, and Norman B. HOP- taken into account. • sulting in mortgage foreclosures and chestra was honored recently by week at Michigan State College. It inets, Hal White, Emmett; Gordon igan Sugar Bert (Irowers Ass'n told ton of i'Yiiit l;id.L;e, and Representa- A fact-finding committee consist- bankruptcy of farmers by the thous- being invited to furnish the music gave several program* during the Brunner, Francis sdieii, Btarion the SliiawMsseo County Farm Bu- tives (Jus T. llaiiman of lloughton; ing of Sec'y Brody of the Farm Bu- ands, said the Cass County Farm for the National 4|-H Club Congress Calhoun County lair and has play- Hamilton, Dorothy Knights, all of reau ut its annual meeting here Dec. reau and State Master Bramble of Vernon .1. Brown of Mason, Andrew J. Bureau at its recent annual meeting, held at Chicago in connection with ed for many functions and rural Penfield; trombones, John Converse, 1G. llarnley of Saginaw and John I'. Es- the Grange was named and instruct- in declaring for a policy of inflation. the International Live Stock show. gatherings within the county. The Burlington; Allen Craw and Dale The Shiawassee Bureau is Inter- ed to confer with Gov.-elect Coin- pie of Eagle. The Cass Bureau urged support for The orclfestra played at the an- orchestra is instructed and directed Hamilton. Penfield; Cornets, Kich ested in reopening the Owosso sugar stock on legislation that may be Senator Fraziers "Farmers Relief nual banquet of 1.400 clttb dele- by Mrs. Ralph Helm. The players ard Vincent, Eckford; Dale Woods, plant, one of the largest rfnd best The Commission of Inquiry into the tinder consideration with regard to Bill" and endorsed the program for gates at the Hotel Sherman Nov. 29 are: of County, Township and School Athens; Clifford Boyd, Homer; flute, equipped in the State, for the bene- District Governments is expected to the tax limitation amendment. a managed currency to increase the and also furnished the music for the Piano, Dorothy Srajth, Burling- Robert Cleveland, Albion; French fit of Shiawassee farmers and the Fred L. Woodworth, collector of volume of money irt circulation and annual dinner of the National Coun- ton; violins, Jeanne Rianne, Tekon- horn, Leonard Cleveland, Albion; community as a whole. Dr. Brock report i-ogn. internal revenue, stated that a State increase prices. ty Agr'l Agents convention in Chi- sha; Morse Decker, Newton; Agnes Baritone, .Richard Foote, Sheridan; explained the .r)0-50 co-operative The EtecommendatfoBq income tax at the same rates as the The new State administration and cago the same week. Conkey, Sheridan; Hazel Myers, drums, Robert Solomon, Penfleld; contract between the sugar plant ommehdations for savings up- Federal income tax, would raise legislature was called upon to re- Last summer the orchestra played Burlington; Richard. Hardenburg Duane Williams. operators and the sugar beet- grow- wards of $5,000,ooo made by the State $30,000,000 for Michigan, with the adjust our tax system on the prin- er whereby the grower produces governmental Inquiry group are of corporation tax out, and expressed ciples of justice, equality of the bur- and delivers the beets and the plain particular interest to rural taxpayers the belief that the $15 tax limita- tion amendment does not raise con- stitutional obstacles in the way of den and capacity to pay. The Cass Bureau urged reduction FARM BLOC COMES Beef Cattle Exhibitors Did Well at Chicago 1933 WINTER TAX manufactures and sells the sugar and molasses and other products and follow: That the Legislature resume its and the plant and producer divide enacting a State income tax. His statement contradicts statements of the automobile license plate fee to the expense of printing and dis- tributing the plates; endorsed the BACK IN CONGRESS Michigan beef cattle breeders won a number of prizes at the Inter- DROPS $28,000,000 (the proceeds equally. The grower is guaranteed a minimum of $4 per Constitutional authority to fix the State tax and not delegate it to the State Administrative Board. given the press by various groups gasoline tax as a fair highway tax, hundred for his beets. before and after the election. " Such national Live Stock Show this Repeal all laws fixing salaries and statements, it was observed, came and urged that the road program be 150 Members Plan to Drive month in the Aberdeen-Angus, Economy League of Michigan "There is absolutely no difference daily pay of county and township of- limited to the funds raised by the Money Reform Bill Hereford, Polled Shorthorn and in the quality or sweetening proper- ficers, thus giving local governments from sources generally cold to a gasoline tax. Reports Action of ties of cane or sugar beet sugar," State income tax. Milking Shorthorn breeds, accord- full control. Continuance of the present pri- Through ing to Delmer H. LaVoi of State Supervisors said l>r. Brock. "One is sugar and Repeal Stale law fixing salaries of The farm groups agreed that we mary school fund and the method College. The Michigan exhibits and the other is sugar ami they are the probate judges, and authorize coun- should get along if possible without of raising it was advocated. Cass Washington—The "farm bloc" is prize winners, 32 in the various same chemical make-up and exactly ties to pay Wlfal I hey believe is Sllffici- raising any new taxes and thus en- County Farm Bureau members also back in Congress. Nearly 10 -breeds, helped draw attention to the 1933 Winter taxes as determined b> alike. C.i itside ejil. force economy. urged a graduated State income years ago a farm bloc composed of fact that Michigan's herds are stead- local boards of supervisors at their the United States are constantly Salary reductions: Supreme court tax, with exemptions much below the insurgent Senators and Congressmen, ily improving and are composed of recent sessions will be about $28,000,- spreading the falsehood that cane justices $12,000 to $10,000; circuit Wool Market Slow Federal income tax scale, to provide enacted more agricultural legislation fiigh quality individuals. 000 less than those levied in 1932 or sugar is superior. They make the court judgee $G,0oo to $5,000; court additional funds to operate the en- in a single session vthan had been A number of high quality beef a 22.6% reduction, according to figure? flat statement but cannot prove it. stenographers $2,000 except where Boston—Manufacturers of woolen tire school system in Michigan. The written on the books in generations. cattle were purchased by Michigan for the 83 counties just made public "Michigan offers an enormous hoard of supervisor* may pay more. goods are trying to keep their in- foregoing tax program should re- The current short session of Con- men at the Shorthorn and Aberdeen- by the Economy League of Michigan market for home grown sugar. II is Recommended that $2,000,000 dis- ventory of goods on hand Dec. 31 move road and school taxes from gress has brought about a fusion of Angus sales. Michigan cattle breed- The winter tax levy in 1932 was our duty as producers to demand property an enable us to keep the agricultural interests of both parties ers b'elieve that the beef cattle in- $124,497,781.76 as against $96,309,24o.lii beet sufrar and to educate the gen- tributed annually > to poorer school at a low point; consequently sales eral public to its use. Every 100 districts under the Turner Act be of wool to the mills has been slow property tax within the $15 • per for promotion of'farm measures, ac- dustry in this state is making steady for 1933. thousand limitation, the Bureau cording to President O'Neal of the progress. lbs. of Michigan beet sugar consum- I from some other source than recently despite improved sale of These winter tax levies are in ad- ed means 8 hours paying labor tOi the property tux. clothes, the National Wool Market- said. American Farm Bureau who said that dition to the summer taxes, for the ing Corporation said thi-s week. The Public "Utilities Commission 150 members of the Congress ( com- The preaent flying time over the fiscal year 1932-33 for general city am: those who produce it." For Reducing Expenses ' Efforts by several leading mills-to should be reorganized to not more prise the new farm bloc. Four com- Transcontinental air mail roiite village purposes, the total of whicl Pres. C. B. Cook, Sec'y Floyd Wal- Cuts iii State expenses recommend- make large purchases under the than three members, and no Com- mittees have been appointed in the from East to West coast is 27 hours is not yet available. However, the worth and other officers and direc- ed were: $100,000 by repeal of 1931 market indicates they believe prices missioner should be directly or in- bloc: Farm Relief, Currency Reform, and 8 minutes. The eastbound trip, slogan of "100 Millions off Michigan's tors were re-elected for the ensuing law requiring local budget officers to will be stronger after the first of directly connected with any public Farm Mortgage Foreclosures Relief, due to prevailing winds being from Tax Bill" is now one-half accomplish- year. Members opened their annual report annually to State Treasurer. utility, the Bureau said. the west, is a few hours faster. meeting with a potlucfc dinner. $63,000 by economies in operating the year. City Co-operation. ed. In 19:>2 the special session of the Caas members endorsed the policy eac h session of Legislature. Legislature pruned $6,000,000 fron There are 7,083 islands in the of co-operative ass'ns becoming President O'Neal has been sitting bloc program includes legislation in- State expenses and returned $10,000, for great highways. But there is still too a tendency to meet current ex $92,000 by transferring State Parks stockholders in the Farm Bureau with the first three committees which creasing the volume of currency and to Highway Dep't and finance them Philippines, extending 1,152 miles 000 more automobile license money to penses by use of credit, the League from north to south and 682 miles Services, thereby strengthening both are formulating bills and plan to drive lowering the price of the dollar to counties to replace real estate levies said. from gas tax receipts. organizations. them through Congress. The farm promote a general increase in prices. from east to west. (Continued on p u t -') ___________ __——— ' • ;^__~___.._,^ M ^^^M^_^_^_^_M_MM___-«»M—»—»•——»———"•^»"""«"""""~'~—~'~"~—~ M '' M '' — ''~~ — ~ ~ ~ — — • — — — - — i - ^ — — • — — ••-•—•—•••—————-—i—-_•>••••_>m-•—n—i—HmmmmmBM-MBM-J—•_wi•———•———M—_a-j_H Present Money Policy Will Continue Deflation for Years persons are involved in the production of us can have more of everything. be on the merits of the automobile change the sheep to pounds of wheat, When the various countries attempt- Revaluation of Gold in Dollar of machinery and fuel that the farmer uses. The battery that keeps this modern machine running is the medium of and not on the accident of a defective practically everyone says at once that ed to return to a gold basis, the in- battery. If we are to adopt state there is an overproduction of wheat. creased demand raised the value of capitalism, socialism, or CQmmunism, If a bushel of wheat (60 pounds) ex- gold. France returned to a gold basis Will Raise Prices, Turn Tide Xot tlie Output Per Worker Statements are commonly made of exchange—money. When money is stable in value, the machine works it should be on the relative merits of changes for 23.22 grains of gold June 25, 1928; and the gold panic waa well. When inflation occurs, it runs these systems rather than because of (otheVwise named $1), and if at a later soon on. Now :!1 countries have given the spectacular increase in the out- too fast. When deflation occurs, it a failure of the medium of exchange time it takes 2 bushels O* wheat to up the effort to maintain a fixed price Problem Is not Kind of Dollar, but Whether put of shoes per worker in the shoe stalls. Since the exchange of goods is to function properly. The thing to ge^ the dollar, we blissfully explain on gold. But they are still bidding factory. These are misleading. The stopped, unemployment occurs and correct is not the organization of so- too much wheat. for the world's gold supply. It is pos- ' Creditors Will Get' Anything jf This labor on a pair of shoes includes a there is starvation in the midst of ciety but the tool that is'not working Four Factors in si Price sible that they will definitely demone- part of the time of the persons grow- properly. Continues, Says Prof. Warren. ing cattle and handling, marketing plenty. , There are four factors in price, not tize gold and stop bidding for it and and skinning them, labor involved in The millions of unemployed in Not JI Business Cycle two as is commonly- supposed. This make It cheap again, but this is not creased for 75 years before the war at cities would like to produce goods The depression is not a business error has been the cause of innumer- probable. The value of gold is deter- Editor's Note—This address was the handling, shipping, and tanning of delivered Dec. 6 before the American the rate of 1-73% per year, but from that the farmers want in exchange for cycle, although several violent busi- able business failures and of much nlned by world supply and world de- Farm Bureau Federation at Chicago by Prof. G. F. Warren," Cornell Uni- 1915-29 increased only 64 Df lr/o. hides, and labor involved in the hand- food. The farmers would like to ex- ness cycles can occur before adjust- foolish legislation. The price of wheat nand, not by location. versityy economist. economist. Dec. Dec. 15 15 lie lie Rave For 75 years before the war, world ling and shipping of leather. Some change food for things that these un- ment is made to the collapsed price is the ratio of the supply of wheat, and th address at Michigan State college. the physical volume of production of all workers must make the machinery structure. Gold Production Lags Dr. Warren's analysis of the de- used in these industries, others must employed, persons woud gladly pro- demand for it to the supply of gold To keep pace with business, the gression, the relation of our money basic commodities rose 3.15% per duce.. But the medium of exchange has What Is Price! and the demand for it. system to our present distress, his Since 1915, the rate has been make the buildings and the building world gold stocks must increase as presentation of available remedies, year materials involved in this endless broken down. It has also broken down Once upon a- time, a farmer found Our present measure of value is a rapidly as the production of other and our business future under pres- distinctly less. Instead of the phe- distinctly less. as between workers within the cities. that he could get. 2:5 hogis for 60 sheep. given weiglit of a single commodity, •oinnioditie.s, Of about 8.16 per cent ent polIdea and under tfte money re- nomenal increase in output which is process. Still others must finance the The unemployed carpenter would like forms suggested are ooiprnanding na- business. At u later time, be found that it re- the value of which changed with the fer vepr. But the increased uBe of tional attention. popularly imagined, the rate of in- to build a' house for the unemployed quired 120 sheep. Why the change? supply of this commodity and tln> di - 'old in industry is about as rapid aa By PROF. G. F. WARREtt, crease in output has declined. Stocks Back of these, there is the mining of textile worker, who, in turn, would coal, the butlding of railroads and of IX there were time to question you mand for it in precisely the same way owtfa of business. In order to Cornell University, Ithaca, S. Y. are in some cases piling up because of like to make textiles in exchange for individually, some of you would say as the value of any other commodity electrical lines and electrical equip- 8 the world monetary stocks So little is known about the causes unemployment, but these are results house rent. But since the exchange that there were loo many sheep changes. by 3.lf> per cent per year, it is necee- )f the present depression that it is of the depression rather than its ment, and the production of cotton system has broken down, both are and tanning materials. To complete at the second date. Oners,would say The "money illusion" is as thorough- ary that the production by 5.0 per lecessary to dispose of some popufar unemployed. In some cases, we have that there were too few hogs. Others ly dominant In this generation as was cent of stocks, the additional amount Hustons before starting a discussion cause.Efficiency Not the Trouble the process, the shoes must be shipped reversion to barter, but our civiliza- would give the correct answer, that the. illusion of a flat earth about being i } f the subject. Correct diagnosis is Having accepted the erroneous idea and sold at retail. This involves the for industrial uses. lle time of more bank clerks, railroad tion is too complex to allow this to we do not know. There might have which the sun revolved in the time This would call for production of first step in medicine and eco- that overproduction is the cause, gb far. been too many sheep or a reduced of Galilee. It is almost as dangerous about 152 million OUB nomics. many unemployed engineers have employees, traveling salesmen, retail The salesmen, delivery store build- Money is on Trial demand for them; or there might have for an economist, to challenge the actual production to about three- Overproduction Not the Trouble turned to,economics with about the Most of us believe in a society been too few hogs or a high demand money illusion as it was for Galilee ers, and paper-box manufacturers, and iliis amount. Throughout history, a decline in game success that tconomists would further fuel and light. ' Finally, the organized on the basis of individual for them. to threaten the foundations of civili- The present rate of gold production 'Hces due to monetary causes has al- have in building bridges. They have shoes are fitted to the buyer's foot. initiative; that is, a capitalistic There are many other possibilities. zation by saying that the earth re- would result in a gradual decline in v 'ays popularly been attributed to been deluded by the apparent effi- No mass production has done away society. The operation of such a so- There might have been a shortage of volved. even if there had been no war. •verproduction, without* stopping to ciency in factories into thinking that with the consumer's desire to try on ciety depends on the medium of ex- both sheep and bogs but a greater Relation of (-old to Prices But our major difficulty results from °ok at the facts. For 75 years be- the needs of humanity can be sup- several pair. It is not probable that change. When the medium of ex- shortage'of hogs; or there might have For 75 years before the war, world changes in the demand for gold. °re the war, the production of food plied by a few hours of work per any sudden decrease in the time re- change fails to function, the organiza- been a surplus of both sheep and hogs monetary •took* of gold divided by n d feed crops in the United States week Division of labor leads to er- tion of society that depends on this but a greater surplus of sheep. The total production of other tilings equal- (.old Shortage One-Third quired has occurred in the complete During the many years when there "creased at the compound rate of roneous conclusions as to increases process. medium' is attacked. If we cannot in- only way to determine the cause of led prices in England. During the °2% per year. From 1915-29, it in- in efficiency, because only a part of vent a stable measure of value, there the changed relation is to compare war, prices on a gold basis doubled. low demand for gold, our debt, We have no indication of any sud- tax and 1. lure became ceased only 6 of 1% per yearv If the process is visible. den increase in total production of all is danger of forcing some kind of a sheep and hogs with many other How did this occur? For the °rrection is made for the reduced A farmer with a tractor, tractor socialistic state that will attempt to things. Suppose we find that hogs ex- simple reason that most of the world fairly well ad 'orn modify commodities per capita at any time 'umber of horses and mules, the rate equipment, a combine, and a truck, is in history. There are sudden de- regulate distribution by government change for twice the former amount of abandoned the gold standard and price level about 50% above pre-war. lf increase is 1.17'% per year. We able to grow and harvest much more creases, such as occurred i n 1 9 2 1 a n d action. innumberable things. Who would then stopped bidding for sold. Gold, there- riition of lav e had surpluses and shortages of wheat than was formerly grown per 1931 when millions of workers were When the battery Of an automobile be so foolish as to attempt to explain fore, moved to the few | orld gold supply of only ome crojfe owing to the weather, but farmer. The increase in efficiency is unemployed. fails to function, we should get a the changed ratio as due to the supply was freely purchased. The l>w de- about two-third uired f a r less than is assumed, because new battery rather than turn to a of sheep? pport Ui< which here is no evidence of general over- there has been a change in the resi- Not Too Much Democracy mand reduced its value, just as the ir wheelbarrow. If we are' to discard But if we change the 23 head of, demonetization • for- °duction. of those whose time is required By specialization, each of us pro' r reduc T "tal production of all commodities „ automobile transportation, it should hogs to 23.22 grains of gold and value. mer gold-; u© to )e duces so much of something that each r capita in the United States in- to produce- the wheat. Many SAT! Hl>AV, HrCKMHKK 'ii. TWO M I f H I ii A \ F A It >f N E W S Finance Corporation lent money to Present Money Policy on bank deposits will be decidedly re them of the necessity of declining. level does not mean that any single many •genciee in the expectation that duced. It will be impossible for lit" The major ones are deljita and I commodity will be free from fluctua- credit expansion by the Reconstruc- Will Continue Deflation insurance companies, universities It' Commodity prices were raised, buy- tions in price due to the supply of it tion Finance Corporation and the FARM (('ontinued rrom page i > bid for gold. This situation results in such a frantic demand to get gold that hospitals and other insi Hut ions tha depend on investments their incomes. Life insurance to keep u will probably rise. The average siz rate ing would begin because rising prices OT the demand for it. It does mean Federal Reserve hanks would raise cause Buying. Jobs would be avail- that commodity prices as a whole may prices and restore equities back o able. Houses* would be in demand. be freed tronj being swept op or down purities altd start business activity. The debts and taxes on the houses and 88 a mass du> cither to world supply Successor to th« Michigan Farm Bureau News, founded The policy did chefk contraction, a l January 12, 1923 even the gold supply which we huve of policies will be reduced. farms could be paid, and the debts of gold or frantic changes in the de- temporarily; but only a rise | n is used inefficiently The size of fire insurance policie would not have to be cut by bank- mands for it. There are many pro- the price structure can stop bank- Entered as second claaa matter January 12, 192.3, at the postofflce Recognizing that the low value of will be reduced, losses will be iu ruptcy. posals for limited or complete stabili- ruptcies and start employment, it [« at Charlotte, Michigan, under the Act of March 3, 1879. gold was due to the low world demand creased, and rates probably will be The former amount of life insurance zation. which would probably be temporary, raised. not possible to expand credit suffici- Published the second and fourth Saturday of each month by the would be desired. (redif K\pansion ently to do this and still maintain the Michigan Farm News Company, at its publication office at 114 Lovett I have since 1:• 1 s been giving many Innumerable prices which have no Many charges, such as freight rates, St., Charlotte, Muli. A gradual and slow "increase jn the ,,t price of gold. lectures and writing many bulletins declined will tall. Sonie of these are doctor's tees, telephone rates, and the amount of monetary circulation plus Editorial and general offices, 221 North Cedar St., Lansing, Michigan. Postoffice Box 708. Telephone, Lansing, 21-271. indicating the expectation that gold freight rates, telepholne charges like, are* already adjusted to the price bank deposits per dollar of gold in the Currency Expansion would return to its pre-war value o price of newspapers, doctor's fee level that would he established. They If is very easy to raise the price United States has been taking place E. E. UNGREN Editor and Business Manager higher. This expectation still hold* and telegraph charges. would not rise, but would be relieved for many years. There is no indica- level by an expansion of the currency, If all the former gold-using countrie Large numbers of corporations wil from falling. return to the gold basis, and if th disappear by bankruptcy or by com tion that the Federal Reserve system but any expansion that is suffcient to Subscription 50 cents per year; 3 years for $1. in Advance United States continues to maintain bination to avoid bankruptcy. Producers Aided Soon has speeded up this normal growth restore the prices of commodities to Costs of (list rihuiion would rise ot circulation plus credit per dollar the debt level would make it impos- its present monetary standard, it i Wholesale writing down of the cap} very little. Therefore prices paid to sible to continue to redeem each of the Vol. X SATURDAY, DECEMBER 24, 1932 No. 24 to be expected that commodity prices tal of industrial plants, farms, and fanners and other producer! would Of gold. Whenever the normal Is much paper dollars with $%%% grains of will average below pre-war for tin city real estate will be necessary. exceeded, a reaction occurs. rise much more tnan retail prices. Some persons believe that the Fed- gold. There is no way of printing next ten years. Extremely violen Costs of distribution will gradually This would bring farm prjoes into ad- eral Reserve system is to blame for paper money that will make it pos- Proposes Crushing U. S., France With Own Gold price fluctuations will be expected a decline so that prices paid to farm justment with other prices! It is some- sible materially to change the relative Supposing a former Se< rHary of the V. S. Treasury, now a. member each country attempt*? to secure an/ ers will again come into adjustment times said that two steps are neces J the decline in prices and that there is values of gold and commodities. maintain more than its pre-war shai with the prices which they pay. Mud sary, first, restore the price level, and gold enough to maintain pre-deflation of Congress, should urge the American people to get rid of our gold (Continued on pagi to the extent that onr money system should become -A purely managed l<>i the world's gold, supply. Eaci of this can be done in a half-dozei second, restore the relationships of prices if credit were properly manag- currency. country needs about 50 per cent mor years. Probably it can be completec farm pjices to other prices. It" theed. The evidence indicates that , a Something like that happened in England recently. Sir Robert Home, than its pre-war shaTe of the total in a generation. rise in the value of gold was inevit- first step is taken, the second follows able with the return of the world-wide Farmers' Buying one time Chancellor of the Exchequer, in an address before the House of Hebts - Some basic commodity prices hav automatically. . In 1929, public and private debts ii fallen too low even for the conditions demand for it. Credit management Guide Commons suggested thut it Rtight be well for Britain to pay her debt to Prices of basic commodities such might have prevented a part of the lhe U. S. In bar gold and get rid of it to the extent that Britain's currency the United States amounted to abou and will rise. as Copper, corn, wheat and cotton stock market boom. No evidence has M o n u m e n t s - should become a managed currency. He added that any furfiher fall in 203 billion dollars. The National In Stop-Gaps Will Prolong II would rise very decidedly because been found that credit management and monuments of the most beautiful granltt dustrial Conference Board estimatet marble. Call or write. We employe the value of the British pound by reason of such action would cause him Innumerable measures will be triec they are so far below the price level could have prevented a decline in no salesmen. You save' the difference. no anxiety since "we are the center of the sterling area representing the national wealth at that time a; in attempts to hold up prices of this that would be restored. Largest monument works in Western ::«2 billion dollars. Since'then, pub or that thing. Tariffs, bounties, farn commodity prices, or that the 1929Michigan. SIMPSON GRANITE WORKS more than half the world." The decline in values of homes and commodity prices can be restored by 1358 W. Leonard, Grand Rapids. lie debts have steadily increased; bu boards, domestic allotments, restric- farms would be stopped. • Ever since Britain has gone off the gold standard, there is a school private debts have been reduced some tions on trade between states undei credit management and # still maintain ol economists there who insist that the United States and France should In general, the prices that have not what by bankruptcies and payment sanitary and other guises, pools yet declined would be relieved from the present price of gold. be allowed to concentrate all the world's available gold, which they think would then become "sterile" in French and II. S. hands. They believe The total is now estimated at abou gentlemen's agreements ai:::J,OQO a year by reducing State If deflation is completed," the fol- lenders when applied in a wholesale Stabilizing the commodity price men, and handle a large volume of stock on, both markets. erty of that amount. aid to schools for transportation ot lowing are some of the innumerable way. A creditor often takes over a $:;,0O0,00O by discontinuing State children, etc. adjustments yet to be made. Ask about our purchasing service on feeder cattle, calves, lambs liome or a farm, kefcps it in hopes of from range or markets. Ask about our credit corporation and 6% building program and restraining Ad- ministrative Board from releasing hi IN'pM ol Agriculture At the new price levels, public anc a sale until the carrying charges eat $50,000 a year through changes in- private (jebts are nearly ecpial to theup much of the value. In the mean- Silver King Coal Government money. Returns to patrons guaranteed by $50,000 bond money for new buildings unless cluding recommendation that super- national ?wealth. These debts wil time, the property depreciates. Final- is big, blocky, clean burning. meeting U. S. Government requirements money is on hand and there is no de- visor of drains be eliminated; Teduc- have to be reduced. The only plan ly, in dispair, a shoestring sale is Ask your coal dealer for a trial ton. ficit in the General fund. tion in inspection and veterinarian thus far proposed for reducing them Republic Fuel Company MICHIGAN LIVE STOCK EXCH. PKODK KRS CO.OP ASS'X often made to a less desirable buyer $157,000 by discontinuing State forces; stop apiary, white pine blis- is bankruptcy and private adjustment than the dispossessed owner. BAY CITY and LANSING Officet Detroit Kast liuft'alo, X. Y. Fairs and aid to county fairs. ter and cherry fly control, etc. This will probably require three or Debt adjustment commissions should $500,000 by permitting release of Dep't of Labor four years for the major adjustment study each case and make recommen- 2,000 prisoners annually who can be $43,.">60 savings by diseontuing and a generation to complete the pro- dations for settlement for all- credi- freed safely. free labor employment bureaus, etc. cess. While thtejnore serious part of tors. Such recommendations from a $120,W0 by reduction of State police DepH W Health this is taking place, bankrupt homes disinterested party would save many forces. . $154,000 savings by reduction in ap- farms and other properties will al- owners and help many lenders, and $75,000 by abolishing Securities propriations. Repeal 1929 plumbing ways be for sale at less than new would keep many of the cases out of Commission and enactment of a fraud code. costs of construction, regardless of the courts. If the government lend- code to protect public. Other recommendations included re- holv low these costs may fall. There- ing agencies wish to lend more $26,000 by reducing Public Utilities ductions in salaries at State institu- fore little building of any kind is to be expected. Consequently most of the money, they will do more good by chigan <' 'iniuission by five to three members tions and in the State departments. and other economies. basic industries will operate at low taking up the safer part of the under- $1,930,000 at the University of Mich- capacity and severe unemployment lying mortgages in such cases than by igan and $710,000 at Michigan State Farm Groups Want will .be continuous. Business cycles direct loans to the lending corpora- College by amending mill tax law so in such a period will be suppressed tions, which do not get at the root Farm Board Retained cycles. of the trouble. that these institutions must finance Advice To Individuals their own building and maintenance Must Be F«M1 While it is not the purpose of this programs hereafter. Washington—The country is being The vigorous efforts to reduce taxes flooded with propaganda | to the will do \yell if they succeed in making discussion to consider what the in- $550,000 by limiting normal colleges effect that farm organizations are to training teachers, by increasing urging the abolishment of the Fed cuts equal to the new taxes necessary like to insert one piece of advice to tuition fees, by salary cuts and other oral Farm Board, said dividual can do for himself, I should President to feed the unemployed. Some shift- the millions of farmers and city home- The Problem of the Railroads economies. O'Neal of the American Farm Bu- ing from real estate to other forms of owners who are losing their homes $85,000 by repeal of law that State reau here this week. taxation may occur and lifetime savings. If one has a THE difficulty of-solving the railroad problem has been greatly increased by shall pay 10c per acre tax on home- "All the farm groups favor elim- Public debts will increase and some good farm, it seems to me that the stead and swamp lands. ination of' the Agr'l Marketing 'Act of the government units will find it best thing to do is to retain possession the development of competing means of transportation by highway, waterway and $40,000 by elimination of Crippled clause relating to price stabilization impossible to meet their obligations of it as long as possible, in the hope airway, which are aided by subsidies by our national and state governments, and Children's Commission and transfer activities, but we favor continuation It will years before taxpayers get that some temporary rise in prices or by exemption from such regulation as is applied to the railroads. The importance ,of that work to the probate courts. of the Farm Board and its functions these deftts paid. possibly a monetary change will en- of the railroads to the economic welfare of the country is such that constructive Oep't of Pub. . Insfruction relating tto co-operative marketing Adjusting a price level down re- able him to keep the property. If he Suggested savings by changes in the and to credit to co-operative market- quires much more time than adjust- gives up. the savings are surely gone. efforts to solve the problem must be made at once, confronted as we are by evi- Dep't of Public instruction: ing groups'," Mr. O'Neal said. ing it up. It is not difficult to adjust He has little to lose from holding on dence of the effects produced upon the entire industry and commerce of the coun- public- and private debts to a higher ,is long as any slight chance remains. try by the decline in railroad earnings. price level, but it is very difficult to The man who has failed in business reduce them. To adjutst debts up or is out of work is blamed for it, THE SERVICE OF THE RAILWAYS IS INDISPENSABLE FOR HAND- merely requires that, the usual pur- and he often blames himself. This LING THE GREAT BULK OF OUR COMMERCE. Christmas on the Farm chases be made at the. new price level is adding insult, to injury. Most of with the usual percentage of credit the failures are not due to unsound By R. S. Clark HERE are the facts as to the decline in railway earnings during this depres- transactions. To adjust debts down nisiness but to unstable money, for \W1I, Christmas r a m t with a bang this year, means the slow process of bankruptcy. which no individual is to blame. The sion. The gross earnings in 1929 were $6,360,000,000 while in 1932 they will Km- Martny and for me, POT .Mahle's folks were all out her« Bankruptcy acts like a h<>u-- armer or business man wljo has fail- approximate only $3,200 000,000. Railroad operating expenses are 45 per cent To Bharc mir Christmas Tree,— Ami Ben's lay-off as an engineer cards—each bankruptcy start/s a Mi should not be despondent or com; less than they were irt 1929, a decline of $2,052,000,000. This was effected by the May last indefinitely. other. nit suicide. He should feel like a man reduction m the number of employees by about 620,000 and in the total wages It's thirteen years by the -almanac Business >YiH Contract who has just gone through a tornado, paid them about $1 325 000 000. P u r c h a s o f f u e l , m a t e H a l s a n d e q u i p m e n t ^ Sincf Mabel's moved away, Bank deposits will decline because stripped-of his property but escaped Aii'l they've lived so busy-the j couldn't Bet hack Koi more than a week-end stay; of the reduced amount of business with his life. His family and friends been cut about $^30,000,000. The total reduction in wages paid, and pur- But now, it seems, B«n's work is slack Till, niaytie, the first of May! and the lower prices at which busi- should treat him accordingly. chases, exceeds $2,750,000,000. • Thy tree! Oh, what a tree it was! ness is done and the tendency to use Deflation May Stall And the children's' eyes just shone: ash rather than checks. This latter The general attitude of the public THE recovery of the railways is essential to the recovery of national pros- And so diil Martin's and mine, hcekUSfl movement is encouraged by fear of •ieems to he to prefer to write every- \V, won't be left alone With the bright day pone, as it always dot banks, lack of banks, lower interest hing down in terms of gold rather perity and they cannot recover under government policies that promote every kind TO a Xew V(.iis all our own. payments on deposits, charges for ban raise the price of gold. The of competition with them and at the same time impose every kind of restriction up- Of course, right off, I got In Puteh Witl- Jutilov'S new tin train. hecks, taxes on checks, and high strain on public credit to feed unem- on the steam lines to prevent them from meeting this competition Marthy c.«vs I'm too old Per such postage rates. Many further bank ployed persons and the social con- •I that I - > \w\n- I'.Ut what I did didn't hurt it much, failures will occur. usion for such general bankruptcies EXPERIENCE AND COMMON SENSE DICTATE THAT EOUALIZA i fixed u up d Because of severe unemployment, nay make it impossible to complete TION OF TAXATION AND EQUITABLE REGULATION ARE NEEDED IN Then 1 couldn't help if the to|>-strins stuck -howing' him how, some workers are working for ex- he process."* No such violent deflation ALL BRANCHES OF TRANSPORTATION. MLLULD IN And the clnomo frame that the dum thins struck remely low wages, but it is not to be las yet been carried through by any Was a homely thing, l vow, P*or Marthy's Grandma favored a duck, xpected that the general wage level modern nation. IMMEDIATE vigorous action by national, state and local executives and legis- And Iin glad she's busted linw, will decline to the price level. The If the process is carried through, lators is required They alone have the opportunity and the power to enact and Well, Marthy and Mahle laughed like fun ong-time tendency is for wages to i new generation can be prosperous— enforce the remedial legislation on taxation and regulation so necessary in this funlor and Ben and me. rise as the output per worker increas- xcept as foolish laws remain to J Hut after the supper work was done •I us a dolly i s Whenever the debts are liquidated ilague it. Any price level is sattsfac- extreme exigency. • •s the littlest one so' that business can proceed, wages oi y after business is adjusted to it. dot is littered with sanies and t. vill be far above pre-war.1 Kneels of a fteffatfoB •1 ™ . R O U ( ^ H *"*H«»rt action the tide can be turned, and by bringing back the Christmas thii Interest Kate Will Be Hiirher The effect of rising prices is the railroads purchas.ng pqwer, and by^the.r larger employment of labor, all industry And 1 and Marthy counts our Joys Like ;i i oupte of queens and kings. Interest rates will be much below ame regardless of the cause. If for w.ll be q u e e n e d simultaneously. Every man, woman and child in the countrk 1 toll and hoys )re-war for safe securities, but a ny reason the price level is restored, would be benefited by this correction of basic causes. • *• That ina!>. arge part of the business will be on t does not mean that all prices will such a precarious basis that, for some ise equally. -Many prices have not rates for agriculture and indus- eclined. or have declined little. R e - try may be high. Interest payments storing the price level would relieve MICHIGAN RAILROADS* ASSOCIATION NEWS THRFK Interesting Events Seen at Present Money Policy available, taxpayers would be relieved Money The American Farm Bureau Will Continue Deflation Of feeding millions of unemployed and it would be easier t o pay one- 9 YEARS' SERVICE Small Meetings and Activities third more than the bond calls foi IN SUPPLYING MONEY Credit Are Background of the While the reaolutfona and C o n t . s i s eommittee tinued from page •>, Keiimnetiziition n { s i b « r adopting bimetallism or than it now is to pay the present sum. The gold clause is probably of little for Crop and Livestock Production and Marketing and b*taed w,,h their important Job in „ value to any creditor and i TOURING nine years of operation, the twelve Federal Intermediate Credit Banks Big Show ls "nssil)le t o s an adjoining room, the public speak- *t forced it a minor matter when con- •*-^ have performed these vital services for American Agriculture: Debt I am i MRS. EDITII M. WA&AR tto tell you about some county male (ju*r1 "test with six women comes. '•'••"» as many stales and t h e ""'^ leVel T ''Pln;)llH m 1>y thaf izei ** ». « should svlunier innumerable effects oi certainly nation. T w Million unemployed is a 1. .\dvanced money on more than 400,000. farmers' notes to the amount of $768,193,000 for 1,049 institutions—Banks, Agricultural Credit Corporations and Livestock Loan Companies. These notes were civen for agricultural purposes, <<>»tes. with ' By Lucius E. Wilson of the events that took place during live q u a r t e t s epmpettng~~atti'acted '1 by the great Enelfcb economtet, Pro* &far' c lmore a u s e serious matter than the including the raising, breeding, fattening and marketing of livestock. • series of 10 articles tells the annual meeting ot the American t h e attention of a large and 2 . Advanced $803,351,000 at low rates of interest to 135 Cooperative Marketing Th " « d how our'supply Of money Farm Bureau at Chio . :,-:. thusiastic audience. T h e en- n ' c e h ' ^ " ' 1a " ; T ' n ^ ^ " ™< " w * ™*»™ K> * " ° * PUT W*ol« Associations, to aid in the orderly marketing of products of 1,432,000 farmers. *hyt>een shrunk in this man-made nts are not mentioned in a winning first place was four auartet "hroth- Fn'l u T t U " ? « * m in price and debt structure to be based Through this service, agriculture has been supplied with a type of credit not previously pan C ral .report lor everybody is in-era from .Minnesota. All partici- ; , ? . , - . , " , 1S 11 Very s ; m p l e ' « « M o n accidental available, "intermediate" in maturity between short-term ' cVribes the control of " o u r DeSC ivstem by the few for prof- ••(1 in the policies of a nation- pants sang from memory and wifh- grains of gold, it would exchange for or discoveries the accidentofofson denmnd commercial loa ns and long-term mortgage loans. rr10 e some given weight of gold plus a for it. we should not be surprised to !t " r e the Civil War, the policies al taiin organization; therefore th< ',! Save bred great panics. I n - t M f L dtizens so that they may resolutions and the,officers chosen T h e ladies sepved a tea at t h e - 1 V ( » weight of silver. Since two com- se$ the social system that depends! on FEDERAL INTERMEDIATE CREDIT BANKS °nTider intelligent reforms. tber with the high spots or tb conclusion < pile afternoon session modittes a r e more stable than an unstable medium of exchange Springfield, Mass. St. Paul, Minn. Houston, T«x. ihes made by ' distinguish^ and a style show was stage,] one, seriously threatened. The present New Orleans, La. Wichita, Kan. Omaha, N*b. The Series ))V and since .silver production is less s, a r e j - . i v e n p r e f e r e n c e i n t i n some of t l u x- erratic TEN ARTICLES • news reports. nf a '".cak""rn'" "H>" am position. $1.00 Prepaid But no one can attend a session o our national organization and no arranged so that the National morning „ it once he i m p r e s s e d with t h e m a n y inino n the exchange. It such a monetary sys- MICHIGAN FARM NEWS gold standard works, except f< 221 No. Cedar St. Lansing, Mich. m e e t i n g s a n d f e a t u r e s t h a t a r e p a nnetwork was put on from home-owner, and business m a n should er stability. of t h e p i c t u r e . connected with o u r meeting room. Oral attention to the probable H o m e a n d < o m i m i n i t v (Troop We not only heard, but we saw the Re-TainAtion oi Gold supplies of and demand for gold, be- The home and community .chair " H o m e s t e a d e r s " a n d ' " T o m Corwin" -Mos, ot the continent of lOnr.-pe ,,„,. ,„, ( , ) n s i l , .,, h l 8 men of the State organizations wey and his boat load of livestock" and educed the weight of gold in thebusi:i monetary unit. It is probable that NATIONAL invited to participate in a confer other familiar but unseen entertain- ence of Parm Bsraatg and Extansioi eis. Leaders Saturday, previous to thehands and a tin can m a d e a delight- Tom's trained voice and his England and the :',(( other thai have suspended the gold standard countries O l l { M)NUKST for HOUSE-LIGHTING Y annual meeting:. ful imitation of every farm animal, The women gathered early tb re much to t h e a m u s e m e n t of t h e on- view the work of the past, year am' lookers. Some of our own folks did will do the same. It so. this will leave The Cascade Tunnel, built by ihe the United States as one (*f the very (iieat Northern Railway through t h e few countries that attempts to main- Cascade Mountains in the Slate of You Wouldn't / COOKING AND ' IRONING outline a program for the future their s t u n t s with credit, too. Women from Hi states ^attended. Uyi«l Spoke ISy Radio , tain the pre-war price of gold regard- Washington, is the longest tunnel' in less of the supply of it or demand for the Western Hemisphere. It is *.'."!» it. miles in length, straight as a rifle Ride With Dynamite! Sunday at 12:30 we lunched to- At t h e banquet held on Tuesday Maybe you do once in a while when sonu> ex- gether and had as our guest Lucius evening r;i ((1 bore built through solid granite, and i we were given « a genuine ^ " reduced t h e weight of gold lined for its entire length witii con- plosive is needed on the farm, but you wouldn't'want BUY with Confidence! Wilson who explained our nationa demonstration of -modern progress ]n t l l e t r a n ( ' by foifr-flfths, so that crete. to have it in t h e c a r e w r y trip. money difficulties and our banking Rear Admiral Byrd was to have when our prices are 100, her price USE with Confidence ! ions.. \ the guest speaker, lie address- level is about 500. The present out- * Lots of c a r owners a r e driving uninsured cars today that may blow the owner sky-high financially 'Ihe President'* JUnirT- ed a gathering at noon in New York look is that England will probably NOT SO I.OM. Uii) RECOMMEND with The President's Dinner, which City and then proceeded to go in reduce the amount of gold in the Previous to INN:'.,, there we, If he is ever unfortunate enough to get into a serious takes place on Sunday "evening pre- Chicago by airplane hoping to reach pound by 30-50%, The United ^ kinds of time used by railroads of the driving accident and lie sued for damages, Confiden ce vious to the general sessions. It isthe Farm Bureau banquet in good reduced the weigh! of gold in the dol- United s t a t e s . On November 10th, E M B L E M OF PROTECTION There is only one safeguard against that kind given by the American Farm Bu- season. But the weather was notlar by 6.25*8 in 1834. P.y reducing Of that year standard time was adopt- of financial dynamite. That is adequate public FARM BUREAU SERVICES reau president for the national hoard favorable and he was forced down the weight of gold in the dollar, any ed which reduced the number to four, liability and property damage Insurance in a strong. Lansing, Michigan aftd the state presidents and - • in. Central. Mountain and Pacific. legal reserve eompaiiy th :i t fully protects its policy holders and payi near Cleveland. desired price level can be established. tallies and other guests he may in- As the dessert course of the meal The future course of prices would < Its claims promptly. Cars should be insured a.uainsl collision, tire or see your local Farm vite. These invitations have been was about to be served, we were deftend on future supply of gokl and A BOUNDARY FOH PEAfE and theft loss, of course, just as houses and barns a r e insured against Bureau Distributor extended to the wives of the honor- surprised to be told that Admiral 'future demand for it. The international boundary between loss by lire. ed guests, tlfe state home and com-Byrd had arranged^ to read his ad- the United States and Canada* is the munity chairmen and to the presid- dress via radio at that time. We Managed (urmioy longest undefended boundary in "the We offer full auto insurance coverage and nation-wide .service ing officers of other national farm Two proposals have been advanced W()1.](1_ „ B t r e t c h e a o v e r - - u o m i l e s _ in a legal reserve Company at low rates that save money for you. organizations. This year agr'I ex- received Ms greetings, explanations, to provide for a permanently stable! PAYMASTER tension leaders wore included. This regrets, and address and were as- measure of value. One of these pro-; We have more, than 500.0C0 policyholders and 7,000 agents in 32 states in this National Legal Reserve Company. is an informal social affair brings the official family that sured that he would be with together person in the morning and would be trolled by central banks in such a us in lioses a managed currency to be con- Silver King Coal STATE FARM MUTUAL AUTO INSURANCE CO. $1,000-LIFE INSURANCE at a common table and promotes a pleased to address us again at that way as to keep the average of com- is big, blocky, clean burning. Bloomington, 111. brotherly spirit. time. modity prices stable. To operate! Ask your coal dealer for a trial ton. MICHIGAN S T A T E FARM B U R E A U , State Agent—Lansing for $5 When Convention Parm Bureau Prize Winners such a system requires willingnesst Republic Fuel Company An orchestra played for the mem- There were many special prizes and intelligence in the bank manage-) BAY CITY and LANSING Offices Every Six Months bers as they made their way into awarded during the sessions. Frank ment, and freedom from influence by the beautiful ballroom of the hotel McFee of Otsego County. N. Y., wonpolitics or desire for profjt -. Premium guaranteed not t o i n - where all sessions were held. Pres. the trophy for being national cham- At innumerable times in his- crease. Accidental death double indemnity is available for $1 extra O'Neal and Vice Pies. Hearst and pion membership solicitor, signing tory, the gold standard has broken semi-annually. Policy fee is $5. the board of directors inarched in up 143 members during 1932. down and a managed currency has file to their places on tlie long plat- Nassau County' Famn Bureau. N been substituted. After great revolu- This sound, legal reserve insur- form as the time for opening was Y., was honored tor- having 81.17'; tions such as the American Revolu- ance meets the needs of small i n - reached Seated with them was L.of the farmers of the county en- tion, the French Revolution, and the comes; fits in w i t h any insurance / . Tabor. Master of the National rolled as members of the organiza- German Revolution at attempts to pay Grange; Dr. Warburton, National ion. program; is available to a - select class. Let us tell you about i t . reparations, nations were so com- Director of Extension; Sam Thomp- Los Angeles County Farm Bureau, pletely bankrupt that their currencies PAYMASTER PAYS A T | D E A T H son, former A. F. B. F. president Jalifi, won the prize for the largest were "not worth a Continental." (je Amt. Age A m t . Age Amt. and now of the Federal Farm county membership in the United Has Been Successful it $1,000 $1,0110 Board; and Rev. Acheson of Prince- itates, having 1.9.'(4 enr61 led. •'At innumerable other times, after I 1,000 'M 1,000 1,000 ton, Illinois, who said the . invoca- The A. F. B. F. annual award for the failure of the gold standard, a; j 000 l.tMMI 1,000 29 3D 1,000 tion. distinguished services to agriculture managed currency has been operated 1 1,000 30 1,000 1,000 1,00(1 .'.1 •10 II 1,000 It was an inspiring moment when was presented to Sam Thompson of with a considerable degree of success.' 1,000 :vi 1,0*0 VI 1,000 the colors of our country and those Quincy, 111., a former president of England had such a currency from 1,000 1.000 1,000 1,0011 II 1,(100 1,000 of our organization were presented he National organization. 1915 to 1D25 and^has had such a cur- 1,1100 1,000 #5 1,000 while '.the audience sang the "Star Of course, there was business, lots rency since September, 193t, Prices 1,000 "Spangled Banner" a n d ' t h e "Amer- of it, and speeches from the high- in England since she left the gold ican Farm Bureau Spirit", led by est authorities on several sides of standard have been more stable than Mrs. Q. V.^Biddle of Knoxville, Ten- agricultural problems. There were prices here. Aparently, such a coun- Amt. Age Amt. Age A m t . nessee, who also led all community esolutions and reports committee try, as England could permanently $ 952 % .',!.-, $ 224 singing. meetings and conferences, all tak-operate such a currency successfully. !)04' 4S0 i :,t; 58 •I IT 68 183 The memorial services were ^im- ng time and energy and the best The possibility of a managed; currency 808 59 414 69 , 131 pressive. A wreath was placed in und of judgment. It is only right should not be judged entirely by its 7'iit 60 384 To ' 100 712 6] the vacant chair of Director James md practicable that entertainment success or failure when conditions are 666 62 After W, Davis of Maryland and a white nd amusement and affairs of light- so bad that the gold standard has 627 63 ::u2 Age To 589 $1110 carnation was placed in a green r vein be intermingled with the failed. wreath for each stale leader passing erious business for "all work and during t h e year. Taps were sound- 10 play makes Jack a dull boy" and The Compensated Dollar STATE FARM LIFE ed and the convention stood in si-ye dare not'have dull intellects The compensated dollar is a pro-! Bloomington, III. lence for two minutes in their mem- haping the destinies of our voca- posal to establish by law a currency ory. ion. redeemable in gold, but the weight of MIQH. STATE F A R M BUREAU ;old for which the dollar would ex- State Agent Lansing, M i c h . hange would- vary with the index number of wholesale prices of all Man Was Well Civilized omniodities: that is, if prices rose Before Window Came Classified Ads 1%. If prices fell 1%, the dollar would exchange for V, less gold. Classified Advertisements are cash with order at the following rates: 4 The gold would be kept in bars in the F o r countless generations o u r r e - cents per word for,one edition. Ads Treasury irnd central banks. This mote a n c e s t o r s never h a d Avindows to appear in two or more editions take the rate of 3 cents per word per would keep the dollar stable in buy- in their houses. T h e only openings edition. ing power for the average of all com- nto t h e i r dwellings were t h e doors. modities. Man h a d progressed a long-way in nvilization before h e conceived t h e POULTRY The dollar has to be rubber either idea of t h e window. It is thought as* to weight or as to value. It cannot hat t h e Egyptians were t h e inven- BABY CHICKS have a fixed weight and also have a nrs. T h e first windows were used "AMERICAN" CHICKS WITH THEIR111 fixed value. This.proposal would give p. te;:iples at about t h e time t h e profit Tribes of through t h e Red Saa. record, offer bigger profits y' it a fixed value and a rubber weight. Choice of White Leghorns, Barred oi It raises the fundamentkVquestion as jcaped from Egypt White RocWfe, K. I. tteds. All Heavies and A. A. teghorna blood tested. Heavj to whether a medium of exchange chicks now for early broilers. 15 daj The cupboard is their home The windows of tli<> Egyptians liability guarantee. <:'•! FREE Catalog should be fixed in weight or fixed in today Write American Chick Parm, Box value. simply narrow nasonry walls. Centuries later t h e J r e e k s improved slits in t h e25 t h e windows by Zfeeland, Michigan. U2-10-m-50b) KVKKY I.AKKVIKW CHICK FROM constant buying power for a l l ' com-; A scientific money is one with a B EEF, lamb and pork must never be without cupboards to go to. Behind house. They are people just like the farm men and women who have farm products bloodtested vigorous northern bred stork rnbdities rather than a fixed • weight the daily activity of Swift & Company's to sell, with the same desire to give •overing them with thin sheets ot Michigan Accredited White Leghorn's organization lie the simple ambitions of honest value and get on in the world by narble. which were translucent Barred and White Rocks, R. I. Reds of one commodity. Our whole tax and 55,000 employes and 48,000 stockholders performing real service. BOtogfa to permit White Wyandottes. VWHte for catalog light tu enter, and extremely reasonable prices. .Lake- debt s t r u c t u r e rests on commodity —to live modestly, but well, and to deal nit afforded no ventilation. ' view Poultry Harm, Box 3«, Holland, prices. If this structure is to be kept Of our stockholders, more than 40 per fairly with each other and the rest of T h e R o m a n s , early m t h e Christian Michigan,, • UX-24-ti-JbDj sound either for t h e creditor or fur cent are women. Their funds are invested r^ra, w e r e ^ t h e first t o use sheets of the world. the debtor it is commodity prices that in the company because they hope to -;lass in windows and probably t h e MEN'S FELT SHOES need to be kepi stable not t h e weight They understand the company's task. receive at least moderate dividends. Over irst to construct windows which MK.VS IIKAVY KKI.T KMT SHOES, Did for which a dollar will ex- ,.,,:,,, a n d haU inch, Imitation H-;.thcr A most important part of that task is to a period of years, profits have averaged •ould be opened and closed. stavs and counter, steea •: to 12. ppbciai change. buy livestock at 50 packing plants, put it less than half a cent a pound on all prod- vi ss postpaid. Kubb< rs 9»o. Mon< y bach Hie Gold Davis Shoes, 205 So. Washinytou ate., Into attractive form for consumption and ucts sold. NOT A WORD I W L l HK 8AH» LanfliBS, Mich. ( U'-i't-l tp ' A considerable number of/bonds in pass it along, without delay and with a in CHICAGO It is t o be hoped that t h e s a m e >eople w h o have so vociferously call- FARM FOR RENT the United States call for payment in a gold dollar o r present weight and i minimum of cost, to retailers. Through good times and bad Swift & Company continues to maintain its national World1* Tallest Hotel—46 Stories High d a t t e n t i o n t o t h e [osaes of t h e fineness. This does not apply •<> Fed- Employe's and stockholders understand market for livestock, working near capa- <\irm Board will keep a n eagl< eral Land Bank bonds or mortgages, also the limitations of the job. They re- city, paying cash to producers and, with Every fealure of Morrison Service is ,n t h e t r a n s a c t i o n s of t h e liecon- nor to most of the mortgages of Joint alize: (1) that Swift & Company must buy the hearty cooperation of employes and designed to make guests com for/ob/e. truction Finance Corporation. In Stock Land Hanks and Life I n s u r a n c e livestock in competition with all other stockholders, cutting every operating ..,„„! man wanted. Must lunnsh refer- The friendly atmosphere; the attrac- lie event I hat it loses some of t h eemes Write J. A. B. c o M i . l u p n K,mi Companies. These agencies agree to dealers and pay what any one else will and selling expense over which it has tively furnished rooms—all outside noney it is lending t o railroads a n d Newp 121 North Cfedar St., l.ansn^. pay their creditors in lawful money offer; (2) that Swift & Company must sell >ther business interests; t h e public Michigan. (U'-^l-lt I control. with bath, Servidor, circulating ice- and are therefore protected if they whatever it buys at a price which con- n o u l d know a b o u t t h a t too. WANTED—FARM WORK collect lawful money from their The Swift & Company national market water and bed-head reading lamp; sumers, through their retailers^ are able Automatic garage; Special floor for debtors. is made by digging up demand wherever HE COMPOSED "AMERICA" W W T K P — K A I I i l AVORK" r^.V -M A I i - and willing to pay; -(3) that the little ladies. riedmari ll(l - lkt whether profit aimed at can be obtained only by it exists in the United States. This is The song ••America" was written by ..,,,:,,,..:., ( redi.tpra will be paid in any particu- U--1"-it) keeping down every expense. accomplished by advertising brands of All of these advantages plus a per- >r. Samuel Francis Smith when hf S t . , L a j i a l n g , . M H I ' . lar brand of a dollar, but whether they fect location—in the "heart of the u s old. He wrote the words high quality, Swift's Beef, Lamb and Pork, W.WTKI. \ T I I W KK «>N G K N E R A L OH will get anything! Sometimes the Our workers are spread over most of loop"—near theatres, shops, offices 0 lit the music, found in a book of r-hUdren ,..,i, v farm i>y >OIMJK married man. No id No Swift's Premium M i l k - F e d Chicken, Hon'1 nmoke or swear. Ray-less than nothing,fortl non- the United States; they are local residents Golden West Fowl, Swift's Brook field and railroad stations. And prices are '.trman songs>» He is quoted a s say- ;,;::!,, Bwing, SS09 SoMth Cedar s . 1 an- Income-paylng propi Mi delin- ig he composed the eight verses in >r;l Mich. p ( l - H - l t ) wherever Swift & Company has a produce Butter, Eggs, Cheese and many other reosonob/e. A great hotel in a great quent taxes. If the dollar is revalued, hout half an hour. T h e first four a r e \ V \ . \ T i ; i > K.\t:.\l WORK| BY MAN 31.Congress plant, a packing plant or a branch selling products K( KS neilence <>" '-<1 milker. LEONARD HICKS Managing Director The, giraffe has the longest neck. H-3, Mich. ,,t the neck of the spnrrow contains Good worker. Qlen ^ y e r s , C h e w n i n g , tax the profits derived from such a source by a siiflicient amount to- pre- Swift & Company l ' \ i : \ l WORK MONTH OR ONvent collection. Purveyors offinefood* IORRISON HOTEL lOre than twice as many bones and lie neck of the swan more Hum three Meneral farming, enough to work 200 acres truck, oJ Shall One Commodity Role AIL' 856 C adison and Clark Streets If the price level were r e s t o n d. imes as many—the giraflfe has 7. the Tt-nipeiaii n-.\ Box 113, Mich, busiuesa would proceed, jobs would be CHICAGO h arrow and the swan 6 SATIRDAT, DECEMBER 24, 1932 FOIR MICHIGAN FARM NEWS whitefish. ciseoep, pHotflsh or me- • Spearing Season Jan. 1 MICHIGAN FLEECES The vitamin is abuntumy in »uch foods . milk products, and nxl-liver oil. made sea-going a hazardous occupa- tion and caused crews to be made up of jail birds and criminals. When the rapidly slowing children. Vitamin K The importance of vitamin K in hu- Lansing—The close of the 1932 nominee whitetish, dogfish and gar- pike. •• • i Jack-lights or any other artificial The Baldwin variety is about 2Q0 years old, he says. It was a chance seedli»&. n r s t noticed at Lowell ARE SENSATION AT Vitamin li The absence of vitamin B ca Knglish navy began to carry and ra- tion lemon juice to its sailors, scurvy man diets is not generally known, al- though its absence from a rat's food black bass season Dec. 31, will be illumination are not permitted dur- followed Jan. 1 by the -opening of ing winter ice spearing- .Massachusetts about 1740. it Wft * first known as the Woodpecker app'ie and was named for Col. Baldwin LIVE STOCK SHOW the loss of appetite and the di beri-beri. The vitamin is found in milk, eggs, vegetables, and the whole disappeared from the seas. Vitamin I> leads to faulty reproduction. Wheat germ oil is the richest source of vita- Vitamin I) is the concern of the city min K, and is also found in milk, eggs, the season for spearing through the ice for certain non-game species of <;IJI:KMX<; OLfcW \ . v. .\rri.i: fish in all inland waters of the ithaca -The RhoGe Island Green- who distributed it. % state except trout streams. ing is probably the oldest of the Pleasant conversation is the bent grains. Milling grains, such as polish- dueller in the temperate zones for and vegetables. 46 Fleeces Win 41 Ribbons ing rice, and making white flour re- the native at the Kquator gets plenty Vitamin G Spearing for certain non-game varieties of apples gTOWfi in New appetizer at any meal. At International's Best species of fish is permitted through York state, says J. T. Bregger* of moves the vitamin. of sunshine and the Eskimo gets The last of the six known vitamins the ice during January and Febru- the state college of agriculture. The Wool Show Vitamin ( Fresh fruits, green vegetables, to- plenty of fish liver oil. Cod liver oil is concerned mainly with the growth and sunshine are the chief sources and prevention of a skin disease ary on "all trout streams. inland waters except original tree, 'a seedling, stood in a tavern yard near Newport, Rhode Silver King Coal is big, blocky, clean burning. Forty-six Michigan fleeeea uhown mato, orange and lemon juice are rich of the vitamin, which is also abundant known as pellagra. The disease is The species which may be taken Island, about 1700. The tavern was the International UVe Stock in vitamin X" or the anti-scurvy vita- in green vegetables, eggs, and butter. common to the negroes and poor peo- Ask your coal dealer for a trial ton. with a spear are carp, .suckers, mul- owned by a. Mr. Green and the by 13 Michigan exhibitors min. The lack of this vitamin in When the vitamin is tacking, rickets, ple in the Southern states. Milk, let, redhorse, sbeepettead, lake trout, apple so suited his guests that he Republic Fuel Company this month won 41 ribbons, a re- early sea voyages, when sixty per a disease of the bones, may develop. eggs, green vegetables, seeds and smelt, pike (great northern, grass took considerable grafting wood of BAY CITY and LANSING Office. markable record, according to Del- cent of a crew often died from scurvy, The disease occurs most frequently in yeast contain vitamin G. pike and pickerel) muskellunge, the variety and placed it on other mar H. LaVoi of the State College animal husbandly dep't. The Michigan wool exhibit was tb« largest shown by any one State and took the following awards: six lnts, ten 2nds. eisln •"'-ids. ten 4ths, Kfjven ")ths in the best fleece wool show ever held at the Internation- al and with entries from throughout the* nation Canada. and Wool Exhibit Winners Thn winners in the wool show were as follows: States from L. C. Kelly. .Mar- Farm Bureau Alfalfas Defy Winter shall, 2nd on Cheviot ram, 4th on So do our clovers, because the first requirement for Farm Bureau Farm Bureau has GUARANTEED farmers northern origin, win- Chevoit ewe; Kid. Knai>ii, Chelsea, 5tta on Corideal ewe; Michigan State seed is that it be of northern U..S. origin and have a RECORD of ter hardy alfalfas and clovers since 1920. That solved the mystery College, East Lansing, 1st on Cots- wold ewe. 1st and -'ml on Dorset successful production in this climate. of winter-killed-stands and the resulting losses. Our seed for 1933 ram, 1st on Dorset eweu 1st on Southdown ewe and 2nd on Oxford is now passing EXACT requirements for high quality, purity and ewe; George Park & Son, Pitts ford, We specialize in Michigan grown seeds. Farm Bureau alfalfas germination. 3rd on Hampshire ram. II. C. Skinner, Dimondale, 1st on and clovers are genuine, heavy, yielding varieties from fields free Nexf* spring, as usual, you can depend on Farm Bureau seeds for Lincoln ram, 2nd on Lincoln ewe and 2nd and 6th on market class from weeds and crop mixtures. They are cleaned to super-fine qual- the best stands and the high yields. The secret is ourselection of the braid; Bursley Brothers, Charlotte, 1st and 5th on Oxford ram and 6th ity; the highest yielding strains a;*e sought. seed. on VA. blood combing; Armstrong Bros., Fowlerville, 2nd on Shrop- shire ram and Btb on Oxford ewe: CalhOUn Brothers. Bronson, 2nd oh FARM BUREAU BRAND SEEDS Delaine Merino ram. 4th on ' Ram- Are delivered t« you in scaled, trade-marked, bouillet ram, and 5th on Ramboiiil- Farm Bureau • Brand bushel and half-bushel lei ewe. sacks, direct from our warehouse to you. (•'. A. Mercer. Grand Ledge, .'.id on Shropshire ram and 4th on Shropshire ewe; C. \V. Hendee & Son, Piekney, 3rd on Blacktop Mttt- FARM BUREAU SEED GUARANTEE ino ew»j George Haist ft Son. r h d - Farm Bureau Services, Inc., of Lansing, Michigan, 4th on Blacktop .Merino ewe, guarantees the vitality, 'description, origin and filso 4th on market class fine comb- purity of its Farm Bureau Brands of Seeds to be ing fleeces; D. L. Chapman. South as represented on the price card and analysis tag Kockwood. 2nd on Southdown ewe, to the full amount of the purchase price if re- and Hal Hungerford, Concord, 4th on V-z blood combing fleece. ceived by the customer in our original, sealed and There were 2 7 exhibitors of some One of Five Seed Cleaning- Mills at the branded bags. 300 Michigan sheep. They difl very There's Satisfaction and Profit in an Alfalfa Field Like This Farm Bureau Services Plant well. Harry Crandall, Sr., of (ass City won nearly 40 ribbons. Harry Crandall, Jr., also took a number <>f awards. Ivan Bursley of Charlotte exhibit- ed prize-winning Oxfords; Dale and Leo Bursley, 4-H club exhibitors, won with Hampshire*; Armstrong EGGS MOVING UP Old Boreas Is Here Bros., of Fowlerville did well in the Shropshire show. H. C. Skinner of Dimondale was represented in the Mermash Price Stays Down Lincoln show and O. W. Sober & Sons of Fowlerville in the Shrop- Farm Bureau Zero No one has successfully challenged Mermash 16% as the best shire wether show. The fine showing made by Mich- egg laying mash, regardless of price, and Mermash always aims to Grade oils start easy igan is due largely to the Michigan be low in price. Eggs are up; Mermash is not. Mermash pays Pure Bred Sheep Breeders Ass'n, an active organization encouraging its more profit with every rise in egg prices. and lubricate well in fnembers to show through pooled ex- hibits. The Michigan demonstrated that Michigan is able winnings Mermash is always ready for a fair pen against pen test with the coldest weather the any feed in any flock for egg production. We invite fanners to to produce very high quality sheep and ideal fleeces. make this test. Old Man from the North FOWLS IN JAVA Mermash produces more and better eggs and a healthier flock because the feed supplies from sea products an iodine ration that brings to Michigan. is lacking in other feeds and in Michigan grown grains and animal PRISON REVEALED products. Hens respond to Mermash. 5 Gal. Cans or in Drums DISEASE OF DIET TOPPED DETROIT MARKET "We have been feeding from at your , Farm Bureau MIOCO 1,000 to 5,000 chicks for the last 100% Paraffin Base, Mid-continent Oil Discovery by Dutch Doctor Dealer 15 years. Many feeds, commer- Led to Study of cial and home mixed, have been Vitamins used. But we consider Mermash Ithaca, N. Y.—Some chickens in the very best for starting,, livabil- BUREAU PENN Java contracted beri-beri in 1897 and ity, feathering, growth and early 100% Bradford, Pennsylvania Crude their cure possibly led to the idea ex- maturity. pressed in the now common word, vi- \ - » tamin, which is heard on every hand, "2500 heavy broilers topped the . s / says, H. H. Williams of the New Detroit market last time and we WHY THEY COST LESS York state College of Agriculture. 1 MERMASH expect to do it this season."— Farm Bureau oils and their 30 to 35c per Beri-beri is a disease of the nerves which leads to paralysis and heart failure. A Dutch physician, named I 16% I. K. Maystead, Osseo, Mich. Mermash is a complete mash, qt. brothers, owned by the great oil firms, come from the same fields. Farm Bureau Eijkman, was medical officer to oils cost you less because Michigan, Ohio prisoners in Java. He discovered that ready to be fed with scratch the hens that were fed only the left- grains for peak egg production. v and Indiana Farm Bureaus own a co-opera- over polished rice from the prisoners' Ask your Farm Bureau dealer tive blending and distributing plant. table had contracted the disease. about it. Dr. Eijkman then added the rice polishings. which is similar to the bran of wheat, to the chickens' diet and they recovered. Then the prison- ers were fed the unpolished rice in- stead of the well-milled sort and Our Feeds WITH Cod Liver Oil Heavy Duty—Low Price from that time the disease beri-beri ceased to worry medical officers in Farm Bureau Mermashes, egg mashes and starting and growing- the Orient. mashes are also manufactured WITH cod liver oil to provide the proper From that time chemists began to amount of Vitamin D irt fall, winter and early spring months when there FARM BUREAU TIRES and tubes are first line products experiment and to theorize on the substances known today as vitamins. is little sunshine. made for us by the Mohawk Rubber Co., known nationally The word was first coined twenty years ago by a Polish chemist as a These special formulas carry 5 lbs. of NOPCO XX cod liver oil per for 19 years for the quality and Ion* wear of its tires. symbol for an unknown substance ton. It has the vitamin D potency of 40 lbs. of ordinary cod liver oil. vital to health and life. Later, the chemists turned to the alphabet as a Fajm Bureau poultry mashes WITH cod liver oil are the best source Michigan, Ohio and Indiana Farm Bureau supply services temporary means to designate eachi of Vitamin D to maintain the vitality of The flock and to keep egg pro- combining their large purchasing power, are able to offer you vitamin, since they are of unknown,' duction up. Records of 25 years show that our winter months have about composition. Six different vitamins' 175 hours less sunshine than do our summer months. FARM BUREAU long wearing, heavy duty tireg at prices are now definitely known, although a recent book lists a possible seven- that are a substantial savings for their quality. Ask to see teen. No one knows what vitamins are except that they occur in small these tires at your Farm Bureau dealer's. quantities, that they are easily des- troyed by heat and oxidation, and that it is difficult to isolate them in a pure state. Vitamin A Ask For When vitamin A, the first of the vitamins, is lacking in the diet of ex- perimental animals, tlvey cease to become blind, and are suscepti- FARM BUREAU Coal For Farm Bureau Supplies Atk For FARM BUREAU ble to lung infections. When Denmark ' Salt SEE YOUR CO-OP OR FARM BUREAU DEALER Fence fed most of its butter to the Allies during the world war and used Oyster Shell Write Us If You Have No Dealer / Lime trine instead, the Danish chil- FARM BUREAU SERVICES, Inc., Lansing, Mich. Greases dren When the gov- ernment rationed the nation's butter supply, the disease was suppressed.