Show 0 0 national topics interpreted by william bruckart washington henry A wallace secretary of agriculture la Is girding his armor to fight eglit wallace off a drive to re will fight vise tile the agricultural adjustment act acl mr air wallace sees many sinister moves now being made in that direction and he Is preparing to meet his aders adversaries r les I 1 in n tile the congressional battle that now appears certain to come the secretary freely admits now that there may be some changes necessary in the adjustment act but his position will be boldly against too much whittling when agricultural legislation Is before congress in january the conviction Is held by him that the agricultural situation lias has been improved by the new deal pr program and he Is avowedly faNo favorable rable to its retention in a general way although in a recent speech mr air wallace told the national grange that probably it would be necessary to reexamine examine re the basis of the program that has been operating now more than a year exactly what form the drives on the adjustment act and administration may take this coming vv winter inter said ald 9 sir mr wallace in an interview the other day no one ot of us its can say but from present indications I 1 would anticipate the most potent drive daiv L to be directed at restrictions on agricultural production so I 1 envision a conflict a choice between two paths one leading to unrestricted agricultural production at the eail earliest eai liest lest possible moment the other leading to continuance and perfection of the present control methods either path may very well require certain changes in the agricultural adjustment act before I 1 discuss unrestricted production in detail I 1 would like to say parenthetically that I 1 ani am for it provided there Is a sufficient clent excess of imports over exports to service the debts owed us by foreign nations and in addition to pay a fair price for our exportable surplus and provi provided doell furthermore that shipment of these excess products abroad does noc not impoverish our soll soil beyond repair while mr air wallace Is saying that th the drive is on the adjustment net act ob observers are finding considerable objection among farmers to control from washington I 1 think it Is an undoubted fact that the american farmers are rock ribbed individualists and that being true they naturally resent having bureaucrats sitting bitting in washington offices tell them what hat to do and liow how to do it because mccause the he farni farm industry was so flat on its back when the adjustment act was passed the bulk built of the farmers were willing to accept anything that promised a measure of relief according to the considered judgment of students who have watched the whole picture they have found now however hoider hoi eer that unhappy consequences have haie resulted and I 1 am told by many members ot of congress that they are uncertain whether there Is a majority of farmers in tills this country now favorable to the new deal farm program 0 4 0 it seems reasonably certain therefore that the discussion of farni farm legislation consumer in tile the new conto foBe be heard gress will ill develop that which lias has not been developed before namely the voice of the die consumer Is also likely to be violent expressions from the corn find and hog producers because of the processing taxes on hogs bogs A goodly number of farm leaders believe after surveys among actual farmers that the processing taxes on hogs bogs have been taken out of the farmers hide and not the hog I 1 told you some weeks ago that there was every prospect of a proposal to repeal the Bank liend cotton law that movement lias has again gained id in momentum beyond belief the D department epa ament of agriculture under mr air wallaces direction is taking a census a vote on con the ques 1 whether this law should be coni tinned the result Is that congress will ind find that question on its doorstep also and dont forget that opponents of the law are real lighters fighters those who iho claim to have haie suffered damages under it believe that one duse dose is enough and if they do not gain their point one e way they will accomplish their desires c in another much to the chagrin of senator bankhead of alabama who made so many long speeches in III its behalf mr air wallace stated that he expects the main drive against present agricultural laws to be in favor of removal of all restrictions on production lie ile thinks that Is a ridiculous course to follow he proposes to give present schemes of control time for trial in order to perfect them in this lie he has the whole hensted support of the new deal professors who nho clutter up department part ment of agriculture in numbers greater than in any other government go vern ment department the professors pr 0 have their contacts at tile the capitol and they use nse them thus observers here feel that opponents of the present adjustment net m may y riot lot win unless tile the objections claimed to exist among the farmers ra themselves nrc are made vocal toca il notwithstanding president it ro ose onse belts speech at the annual co convention anven of the A amer iner bankers lean ican bankers banke rs as soda alon here a speech t that at was believed lell eved at the time to hae calved salved tile he blinkers bankers feelings considerable distrust of administration prill policies cleg has nas begun to accumulate among the banking fraternity it was noticed before the appointment of M S eccles as governor of the federal reserve board but it has become much more evident and more vocal since the reason Is that sir mr eccles Is considerably more of a liberal than most bankers and business men F rankly frankly some of tile the important bankers of the country fear ear that nir mr eccles will go far to the he radical side in directing affairs while most financial authorities are not now alarmed over the prospect of any inflation by means of 0 reckless running of printing presses they do fear that the banks of the country will be forcel forced into the position of buying government bonds whether they desire to do so or n oot not ot I 1 was told by one banker a man who has served in official capacity in washington and therefore knows this field as well as banking that tie he would not be surprised it if banks were ass assigned ened certain blocks of bonds which they must buy in the course of financing by the treasury ln in the ne nett zt two years all of the conservative chught tho aught in the country looks upon this of course as next neu to printing press money in its inflationary tendencies den cies cles As the laws now stand it apparently would bo be difficult for the treasury acting glass through the fed would fight eral reserve board to tell any particular bank how many government bonds it must absorb but it would not be difficult to change the law so that any bank could be allocated a stated amount of bonds and be given the privilege of turning over those securities to the fedral reserve bank for currency obviously such financial students as the veteran senator carter class virginia democrat would fight to M n against whit what he to be misuse of the federal reserve system an and the count rys banking structure there are several other democrats both in the house and senate who would follow the virginia senators lead the belief however is that there tire are not enough to defeat such a proposal were it sent to congress with the administrations bles blessing ln there Is banking legislation scheduled for this coming session its I 1 scope has not yet been determined but it will be more far than the previous legislation and in all probability there will he be some brand new pet schemes put forward by professional who have been called into conference b by y R secretary bec and his a tides es then there are the findings of the senate committee on hank and currency to be considered the committee as will be remembered held lengthy hearings and exposed certain bipes of banks whether tile the members of that committee and the administration will attempt to bind ahe the whole banking structure iland hand and foot because of the lie rotten spots found in desern several apples in the barrel Is too early to forecast 4 because weather affects our dally daily lives as nothing else it proves an ever fascinating subject it la Is always interesting intel Inte testing as well uell really a fascinating occupation to look ahead while we cannot definitely foretell tile the weather eat lier this winter the amerle american in nature association and the united states weather wei ither bureau have compiled some records about other winters that are most interesting take for example the coun try wide blaz blezard ird of th alie deboys boys ard and girls of those days those wi who say do you remember way nay ba anch k when n insist that that was a winter nelch really was winter the file later generations point to the lie war winter of 1017 18 a period of excessive cold and or of great snow throughout the united east of tile the rocky mountains the far west was much warmer two outstanding filters were 1912 sebere cold weather during the first three months of the year when unprecedented ice formed on all northern takes lakes and rivers it was during this cold spell that lake su superior p erl 0 r was frozen from shore to shore find and moose crossed on the ice lake michigan end and lake erie brie wore were completely spanned with ice fee in some places 1519 A record cold wave from february 11 to february 13 with zero temperatures extending from the gulf coast northward mobile ala recorded I 1 below zero dickso burg miss alss zero washington ington D C 15 degrees below st louis 19 below chicago 21 below and ottawa oin can 24 below copl service |