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Newspaper Archive of
Golden Valley News
Beach, North Dakota
January 18, 1934     Golden Valley News
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January 18, 1934
 
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on May 8, 1908 ae second ~TATE EDITORIAL ASSOCIATIONS South Dakota, Montana and Minneaota. i other state~, ~2.2.5(0. NI~WS~ FIRE AN HONEST AUDITOR ? [ his satellites to oust in audit- etc., failed in the last week, though not a assumed the duty of the board~to meet in his office to get Lund's scalp. of this attempt the matter be got out of the way and will overlook undesirable things he L them in the colors of the lily. unpardonable sin in Lund to uncover a for questionable services rendered ' and held up for a number of But Lund found that the present not only paid the $500 claim, but had not been heralded auditor found it in a check up o~ the queer things the auditor has found from accounts of the mill and elevator, some ~ttract6d the attention of the federal authorities demand for the firing of Manager Spencer, the governor prevented with his veto power other two members of the Industrial commis- of the mill now undertaken by-Lurid, it is things not listed as economies by those see it, among these being the two manager's salaries, one to the old and the likewise charge that mill's money has been paid the for advertising; and again the mill and elevator" are paid monthly one for five percent, which is held out for the Langer paper, and the other 95 seems many good and sufficient reasons why Lurid should be prevented more audits of state institutions, and the by Secretary of the Industrial Commis- should be changed from that of Lund being "too audits to "he is not friendly enough." has been auditor for the state for ten or twelve audits have stood every test. But evidently the regime in power. was a time when the taxpayers needed an ~t audit of their affairs, that time is now. BULL AND OUR POLICY IN THE AMERICAS Post: We are all a bit puzzled by the State Cordell Hull in the Monte- he is talking in the language of is difficult to understand, and are desirous of his l relations possible with our but if he pledged this country to a the affairs of Central to stand under any and all covered too much territory. hand, Mr. Hull merely said that it would ~of this country never to intervene unless our were so affected as to make temporary intervention he tracked closely the thought of his fellow that in no possible situation would the in affairs south of Mexico's northern easily mean that we had abandoned we feel quite sure, we have the term of the present national have been times when our southern very glad to have the United States their affairs. I~ we had not done so no doubt would still be a Supposing we had not notified Great time, that the United States would protect it is barely possible Britain foothold upon the South invitation of the de facto we intervened there some she could pay off European creditors who were pressing the doubt that should any of the great one of the Centrol or up for Uncle of protecting his So we may unable, some day, to fulfill. CONTROL Langer at the secret ;he Leaguers of the various while the chieftains surrounding the chief is not by any means control of the impending LS, and it looks as though convention as offered by up ~lipped THE BEACH, N. D., ADVANCE ENTJ:IUSIASM CONF1NED TO CLOSE-INS -In the t~ of our experiences with the state mill and elevator, which have been the political football of every administration since they were started, the people of the state have not arisen enmasse in enthusiastic huzzahs for the Townley-Langer plan of baby mills, shoe factories, oil mills and what not in every county, aside from the little handful of lesser known men who went down to Washington asking for $5,0~J)00 of federal money with which to build these political adjuncts, and who, with a half dozen appointed office holders are whipping the matter into shape to present to the powe~ that be at Washington. There is not one of the proposed industries that could be supplied with experienced workers from this state, so that as far as giving employment to either farmers or towns- people, residents of the state, is concerned, they would be negligible, and unless the skilled labor to run them is imported they would be doomed to failure from the start. Of course the various industries would supply manager- ial and superintendent jobs for the true and faithful followers of the appointive power, who would be the gover- nor, experience in such cases being a non-essential as we have seen a plenty in recent times. This may account for the enthusiasm the idea has aroused among the close-ins, who it is noticed, as a close corporation, are handling the affair for the dear taxpayers. THE SAME OLD PROBLEMS Duluth Herald: If former American statesmen, long passed from this earthly scene, are able to look back, they must feel homesick as they view the events and problems which have troubled the country in recent months. One striking parallel is the certainty with which our great national expositions, planned far in advance, fall in lean years. The Philadelphia Centennial Exposition of 1876 suffered severely from the effects of the 1873 panic; the Columbian Exposition of 1893 in Chicago was badly handi- capped by the hard times of that period. Last year's Century of Progress had to deal with a similar situation. At this stage of the game, when no one can say with certainty just what will happen next, it is comforting to know that both of the earlier great expositions were followed. and within a few years, by greater prosperity than had preceded them. The greenback problem, which split the nation at the time of the Philadelphia celebration, was officially ended two years later, in January, 1879, when the government resumed specie payments. Free silver, the burning issue of the early 90's, was talked out in the 1896 campaign, and by 1908 the country was prosperous enough to consent to a new war. No one can see very far ahead in these days, but it is certain that millions were as worried and perplexed in 1876 and in 1893 as millions are today. Apparently governments, like men, never forget and never learn. LAW AND EDICT SET ASIDE From the time the legislature enacted the embargo law last winter this paper has insisted the law was in contraven- tion to the interstate commerce act and that it would be set aside if iL got into the federal courts. This judgment has been verified by the federal circuit and district courts sitting en banc in a case brought by a number of line and other elevators of the state, the courts declaring void both the legislative act and the much healded embargo by the gover- nor. So the threat of calling out the guard and like clatter was all political thunder to catch those who like pyrotechnics in high places. And, come to think of it, it really does not take long to figure up the good the embargo has done the farmers, the result of the final calculation being represented by a cypher. In a recent rebuilding of the Bank of England, human bones were found beneath the garden court. Maybe they are the remains of depositors who in some ancient period stood waiting for the bank to thaw. France defaults on her debts to us and then proceeds to cut down on her imports from the United States. And still can't understand why we won't take all the champagne she has to sell us. Dr. Nicholas Murray Butler says that the "brain trust" rule is the hope of democracy. We didn't know things were as bad as that. The best prediction for the New Year was made by Frank A. Vanderlip. He said that 1934 will be a year of experiments. All of the European nations think that President Roosevelt took their side of the international argument in his Wilson day speech, Another proof that the President is a canny politician. Scientists say that work done in the morning requires less energy than work done in the afternoon. That is because so much of the afternoon work is done on the golf links or in the rooters' row of the grand stand. Advmes Farmers sToCKS LOW TO Secure Seed W h e a t Early Farmers in the spring wheat area who are dependhr~g upon the second payment under the wheat plan for funds to buy their seed are re- minded by the Agricultural AdjUSt- ment Administration that this pay- ment will not be made until after seeding time and farms have been inspected for compliance with the wheat contract. To remind farmers of this, a no- tice is given each farmer at the time he is paid his adjuatment check w~ch says: Buying seed wheat now assures you of a SUpplY to carry out the [provisions of your wheat allotment contract. It is Washington, Jan. 10--Farm stocks of wheat on Jan. I were reported today by the department of agricul- ture ~ at 194,136,000 bushels, the smallest amount since 1927 when it began collecting such data. Disappearance ofwheat during the quarter, Oct. 1 to Jan. 1, was 115~15,000 bushels compared with 142,444,000 bushels in the corres- ponding quarter of 1932, and the five-year average o~ 153,.258,000 bushels. of the wheat 6ectlon, also points out that although the second payment is eight cents a bushel on each farmer's allotment, a part of this will. be deducted to pay the local ex- penses of the county wheat produc- tlon control association. The first of the wheat allotment checks to arrive in North Dakota received by farnwrs in Griggs THURSDAY, JANUARY 18, 1934 I)li i31N I]MORATORIUM lO "RADICALS" VERDICT NOofAID [fie N "DEAL,and]pressure ,compromise inllation, also for pressure inflation of ~ debt for the radical is is diminisi~ied., few.Jditatod_ actl~a. By Mark Sullivan ~ having large quantities of mortgages Washington, Jan. ll.--Because the on western farms especially, have supreme court is looked upon as the been embarrassed by becoming own- principal bar to those within the era of fmans which they of course Roosevelt administration who have i could not occupy themselves, for it in mind to bring about funda- which there is no sale, and man- mental change, the decision of the court in the Minnesota mortgage lagement of which is a burden in- moratorium case is being examined ] volving the rapid depreciation which with minute care to find at @hat point the court may interpose its power. Superficially the decision has been treated in early headlines and comment as giving encourage- men~ to the advocates of change. Accurately seen, however, the deci- sion, considered apart from certain dicta in it, does not bear out any such assumption. The essential ~ac~s are that the Minnesota legislature encaced a law postponing for a fixed period, two years, but in no case beyond May 1, 1935, the time when a mortgagee could take final possession of a foreclosed property. Under this act, the owner and occupier of a house and lot bearing a mortgage for some $3,700 applied to the Minnesota courts for an extension. This ex- tension the highest Minnesota court granted. On appeal, the supreme court of the United ~tates has now confirmed the extension and sus- tained the constitutionality of the Minnesota statute. The reasons for regarding this de- cision as giving little encouragement to radical departure are many. In the first place, what the court has done in this ease is analogous to what courts in America and Great Britain have done thousands of limes, even in the absence of any statute such as the Minnesota one. Equity courts habitually, in the ord- inary course, ever since the principle of equity arose about 1600, modify a contract when they find that the literal carrying out of it under ex- traordinary conditions would be, as Chief Justice Hughes puts it, such "as to shock the conscience." In the second place the present action of the court is not a depart- ure. It is based upon and consist- ent with its sustaining of analogous legislation during the war when several states provided that leases made before the war should be con- tinued in effect beyond the termin- ation of the lease because Of the scarcity of housing and the rise'In rentals which the war had caused, provided the tenant continued to pay "the old rent. Parenthetically, extremely conservative President Coolidge in 1925, six years after the .war ended, fathered le~.slation ex- tending this control of rents in tlie District of Columbia and his action was criticized in public statements by some conservatives as "destruc- goes with unoccupancy, as well as payment of taxes. What mortgagees in most cases prefer is that the owner continue to occupy the land after expiration of the mortgage, and that he continue to pay inter- es~, and ~axes. This in substance is just what is done in the present case. The owner of the house is given by the statute and by the decision the right to hold it until May 1, 1935. He is required to pay the mortgagee $40 a month which the court finds to be a fair "rental value," and which is enough to "pay taxes, interest, and small install- ments on the principal. It may be the loser of this suit is as satisfied as the winner of it. Certainly the great insurance companies which have large numbers of mortgages must be pleased with a decision which gives statuatory validity to arrangements which they have tried to bring about voluntarily as a mat- ter of policy. For yet other reasons the decision is not radical. It is a step ]n the direction of compromise of debt. Compromise of debt is one of only two paths out of the countrY's troubles, the present disparity be- twecn 1929 debts and 1932 prices of lands and goods, The other way out generally. In this respect, the de-- cision is what Chief Justice Hughes speaks of as for the protection of a basic interest of society" and "to~ safeguard the economic structure upon which the good of all depends.'~ Finally, the decision gives no com- fort to advocates of permanent rev- olutionary changes because of the emphasis the decision puts on the emergency nature of the legislation. As Chief Justice Hughes puts it, the legislation is temporary in opera- tion. It is limited to the exl~ncy which called it forth.., the opera- tion of the statute itself could no~ validly outlast the emergency . . ." Those sentences are the rear answer as to whether the decision is radical. They go to the hea~ of things a~ Washington. ~nose sentences seem to dent and clever young in the Roosevelt not use the longer than the and cannot use emergency as a leverage with which to bring about permanent change of government, or of social or eco- nomic structure. IT ALL DEPF~4DS ON GENER4.]~ LEVEL A year ago cotton was five cent~ a pound and the growers thought ten cents would be a good prI$e., Now it is ten cents and they we~lt. more because the price of the thin~ the cotton grower has to buy has. risen as much, if not more. B~lt If. cotton went to twenty cents what~ would prevent other prices from go- ing up, too? It would be ghapp~ world if we could have Inflatlon~or what we sell and deflation prices for what we have to bUy. If, after trial, -agree that Flottr bettez h v@ any dealer L.11 nt ,