Show Farm Land Speculation 1 Is Threat to Agriculture i Government Warns Fever of Land Buying t Would Start Another Unhappy Y A i t Economic Cycle for U. U S. S By BAUKHAGE National Farm and Home Hour Commentator UNU Service 1313 1343 H. H Street N. N W. W Washington D. D C. C Farm income income cash cash Income Income will will willbe be be nearly this year That is two billions greater than last year Money Mone to burn I And the burning question In Wash Wash- Washington WashIngton WashIngton ington is s how to stop the conflagration tion before it at starts The Thc chief dan dan- danger danger ger Is another prairie fire of farm farmland farmland farmland land speculation such as started out outto 11 to Iowa In World War I. I First there were wash sales They were I Real sales began which h sent I blue skies I farm prices up to the and which h ended by making a alarm farm mortgage the cheapest form of wall paper Two years after that World war started the prices of farm larm land rose 5 b per cent Not much later they leaped a hundred per cent and more The eventual collapse was forerun forerun- forerunner ner of ot the depression Today two years after alter the pres pres- present present present ent war started farm tarm land prices arc are up 1 per cent That Isn't so bad but the government Is already worried enough to consider It worth worthwhile worthwhile worthwhile while trying to start a back fire fir In Inthe Inthe inthe the hope of preventing a recurrence of ot the unhappy cycle which began 25 years ago I When Governer Governor Black of ot the Farm Credit administration called in the farm arm mortgage bankers the insurance insurance insurance ance people farm tarm organization rep rep- representatives representatives and others In the rural real estate field he simply reminded them that when the government loaned the farmers the money to bail them the mortgagors out last time it was done on appraisals based on normal values Now it Is up to the real estate people to make their appraisals on normal values too That means on figures based on the relationship between farm larm prod prod- products products products prices and other prices established established established for the years of ot 1914 1918 A million farmers who were loaned money by the Farm Credit admin admin- administration administration administration during the depression have repaid their mortgages Those farmers farm farm- farmers farmers ers are keenly aware ware a of ot the dan dan- danger danger ger to agriculture and to the whole economy if it a fever lever of mad land buy ing in starts again ag They will help helpy y t ui it f th tf can can- an The govern govern- A strident gong has sounded The whistle is trilling high hl h above the wash of ot the waves and the whirr of ot the engines for lor the word has come down from the Ule lookout Torpedo track sited Starboard bow 4 01 4 0 4 0 I The gong sounds that sounds that might mean any emergency but before J there is time to wonder the order rings out out out- I All AU hands to general quarters Before the gun crews have ripped I oft the site covers the executive of Ol- officer facer has reported to the captain Battle stations manned sir The torpedo track a ribbon of ot I Iwhite Iwhite white moves forward toward the de de- destroyer destroyer destroyer I at the rate of ot 1000 yards a n I minute But the tube of high explosive eXPlosive explosive sive itself which is sending up the tell tale track of bubbles Is 40 yards ahead of ot the nearest one I that shows shows shows-it it takes some time be be- before belore before fore lore those bubbles can reach the sur sur- face The bearing of ol the torpedo is veri veri- verified verified verified sur-I sur fied and the destroyer swings and leaps speed full to meet it INot I INot Not because b cause the captain wants to I contact the whirring death-bolt death head- head headon on but because there Is less chance of ol a hit if it the ship shows its beam I instead of ol the length of ol its hull as a target And the objective of the de de- destroyer destroyer destroyer is a spot as nearly over the point where the submarine is submerged as it is possible to esti estt- estimate estimate mate it That point is reached for lor forthe forthe the torpedo has missed its mark while ears are glued to the sound- sound detector straining for lor the noise of ot the subs sub's engines Release depth charges Down go the cans ash one after alter another mounds of water rise the sound detector is deafened The de de- destroyer destroyer turning sharply returns to the spot and releases another series of ot charges The roar dies in the detectors There is silence And that is the end of ot the story Perhaps it is the end of ot the sub sub- marine It is quite possible that no noone noone noone one will ever know what happened until after alter the war war perhaps perhaps not then And even if it some tell-tale tell piece of equipment is blown from I Ith th t of th the sub and reaches the I hat at att I it t |