anaheim-gazette 1924-05-01

THE FEDERAL LAND BANKS There has in the past been more or less criticism of the methods employed by the federal land banks in making loans. Some persons claimed that there was too much red tape connected with the procedure while others felt that the bank appraisers were too conservative and restricted the loans to such an extent that borrowers were forced to go elsewhere to secure the necessary funds. Naturally we all abhor red tape and more especially when it comes to securing a loan on real estate as it is a slow enough process at the best. However, it is easy to understand why so much so-called red tape is necessary, when we take into consideration the fact that the government established these banks as an accommodation to the farmers to provide loans at low interest rates that could be paid back over a long period of years—a condition that no other banking interest could offer them until after it was seen that these federal land banks were going to be established—and to start with they were entirely financed by the government. No bank takes a mortgage as security for a loan with any expectation or desire of becoming the owner of the security. However, even under the best and most conservative management it often happens that if the mortgage must be foreclosed and the property sold, it will not bring enough to satisfy the mortgage and must be bid in by the mortgagee and probably held until better selling conditions prevail. Such possibilities as these could not be countenanced by the government and, therefore, the only sure way to forestall any chance of failure was to have these loans guaranteed by local farm loan associations that could roughly familiar with existing conditions." General Wood has now been serving more than two years as Governor General. In that time he has not received a single unfriendly communication from the 12,000,000 inhabitants of the archipelago, and only one petition on the subject of independence. The people, he testifies, are contented. There have been "occasional clashes," in the Moro country with the native constabulary; but the Moros, it should not be forgotten, are hostile to the Christian Filipinos and opposed to the immediate independence demanded by the politicians of Luzon. The Colorum disturbances are due to religious fanaticism, and are not to be taken as politically serious. It is no new disclosure which General Wood makes to the effect that native political leaders themselves admit that "a considerable number of years will be required before the people will be prepared for independence, either from the standpoint of national defense or resources." The Governor General asserts that "immediate" independence would defeat "true" independence, because the effects of it would be so disastrous to the industries and welfare of the islands. "It would be a serious blow," he says, "to Western civilization and to the Christian effort in the Far East, and render unavailing or destroy much of our work here." He brings out the fact that in the minds of the people independence is associated with the belief that they could always turn to the United States for support and protection when complications with "neighboring Powers" occurred. They do not realize that once we leave here we cannot return. Immediate independence, avers General Wood, "would be a heartless betrayal of our clear duty to these people and one is a clerk. clerks is slowing office work is less than productive. For lack of ad work hardly half a manner which endure. Mr. Leff average of four leagues, or twice as necessary, filling the work. STATE'S R Secretary of State has made public in his office show 595 voters in California for the president; to be held May 6 all previous recorder in presidential precease of 388,403 per cent over regular maries of 1923. There are approvable publicans to every formia, according to give the following publicans, 1,012,700; Socialists, 178,281. There are 110,320 state party pothers were listed. The total register than for any other in California with the general electi 532,384 voters were. In county regist led all others with San Francisco was 378 and Alameda- In all ofthe larger of three Republica was maintained. For the first time ment it often happens that if the mortgage must be foreclosed and the property sold, it will not bring enough to satisfy the mortgage and must be bid in by the mortgagee and probably held until better selling conditions prevail. Such possibilities as these could not, be countenanced by the government and, therefore, the only sure way to forestall any chance of failure was to have these loans guaranteed by local farm loan associations that could handle such foreclosures to the best advantage and in case of loss prorate it amongst the members. e believe the experience gained since the organization of the federal land banks has fully demonstrated the wisdom of this plan, for in spite of the general agricultural depression the foreclosures have been light and with practically no loss to the associations. The more fact that these local associations guarantee these loans assures conservative appraisals for as a general rule farmers are conservative when appraising their neighbors' property even though they may estimate their own too high. There is no question but that the federal land banks have been of immense benefit to agriculture throughout the United States, and while some sections have not required their direct assistance, there are many places where the farming interests would have had difficult going had it not been for the assistance of these banks. We do not believe that agriculture in general has given these banks the support they deserve. Especially is this true of the investment end which as everyone must know, is an essential part of the system but one most of us have overlooked. The reliability of land bank bonds cannot be questioned and even though the interest rate is not high, we doubt if there are not many farmers but who will now admit that had they invested in these bonds when they had money, instead of in additional orchard or vineyards, they would be better off today. PHILIPPINE INDEPENDENCE If it is true that Manuel Quezon and Sergio Osmena are coming to this country with the hope of persuading Congress to set a time for the granting of Philippine independence, they have failed to understand that President Coolidge's letter on the subject to Manuel Roxas reflected the judgment of the American people. It does and render unavailing or destroy much of our work here." He brings out the fact that in the minds of the people independence is associated with the belief that they could always turn to the United States for support and protection when complications with "neighboring Powers" occurred. They do not realize that once we leave here we cannot return. Immediate independence, avers General Wood, "would be a heartless betrayal of our clear duty to these people and to the world." "Upon that conviction the policy of the Government is based," according to President Coolidge. WHAT'S THE LATEST SCANDAL Up to the hour of going to press the latest investigation proposed by Congress is one to determine the truth of the report that millions of dollars' worth of government bonds have been duplicated by the Bureau of Engraving and Printing and presumably passed along to gangs of crooks to dispose of for the benefit of themselves and their confederates. The next step will be to appoint the committee and then call some flapper from the red light district who will relate a thrilling story of intimacy with a man who knew a fellow who was a close associate of one of the crooks who had been a friend of a cabinet member responsible for the whole plot. From that point the investigation will proceed with much beating of tom-toms and pounding of brass until the appointment of the next investigating committee to determine what the cabinet has been doing with the money it has been stealing from the Treasury department nights after the place is supposed to be closed. There is no reason to believe that the supply of committees will fail nor that crimes of deepest dye can not be charged in abundance. And we take this occasion to assure the public that as long as the tribe of crooks, blackmailers and cheap grafters hold out the witnesses for the prosecution will be abundant, eager, positive and vociferous in trying to prove that the whole administration is in league with the underworld. PAYROLL OF TAX EATERS A general press dispatch from Washington states that the civilian employees of the government total 544,671. That is a decrease of 373,089 since the armistice, but 106,614 more The total register than for any other in California with the general election 532,384 voters were. In county registries led all others with San Francisco was 378 and Alameda was in all of the largest of three Republican was maintained. For the first time were six California ed to register a s These were Lassen Mono, Sierra and centage of Prohibition in Los Angeles tha Voting prefects maries as report clerks to Jordan's PLAY IN YOUR CITY "Do no unnecessarily or in auto until this disease has been so forma." is the admits citizens from charge of the big this costly epidemic. An appeal has a government author mobile Club of S to urge all motorists the campaign again Experts assert that infection is spread and automobiles. Bility rests on every 000 automobile on California to keep home unless busi use. All of the mount closed to travel, lines disinfecting established so that by motor is become lent. In some hours are require lines. Authorities of county particularly torists to keep out the Arizona border torists from Californi The best and on situation, according is for every person wide spread cam this disastrous ep TAXES AND To illustrate his PHILIPPINE INDEPENDENCE If it is true that Manuel Quezon and Sergio Osmena are coming to this country with the hope of persuading Congress to set a time for the granting of Philippine independence, they have failed to understand that President Coolidge's letter on the subject to Manuel Roxas reflected the judgment of the American people. It does not follow, of course, that the Filipino agitators for immediate independence were convinced. As a matter of fact, a month after publication of the letter the Collectivista and Nacionalista Parties fused in Manila under a new name, promptly declared for complete and immediate independence, and elected Quezon President and Osmena Vice President. Dissatisfaction was expressed with the Roxas mission, which had only provoked from Mr. Coolidge a masterly statement for continuing control of the islands in the interests of the people of the Philippines as distinguished from the politicians, who had demanded the recall of Governor General Wood. Timely publicity is given by Secretary Weeks to a statement by General Wood which deals with the agitation in the islands for immediate independence and shows what a tragedy it would be for the Filipinos. "I am convinced," says the Governor General, "that the President's letter to Speaker Roxas voices the true interests of the Filipino people and indicates the sound, sane, humane policy which should be followed." Declaring that Congress and the American people have been deceived by "misleading propaganda," he urges that a hearing be given "to those who have lived here long years, have had wide experience and are thor- ANAHEIM GAZETTE one is a clerk. But the increase of clerks is slowing down because the office work is less efficiently managed than production, sales or finance. For lack of administration clerks work hardly half a day, dawdling in a manner which foremen would not endure. Mr. Leffingwell instances an average of four letters a day by stenographers, or twice as many file clerks as necessary, filling matter not worth the work. STATE'S REGISTRATION Secretary of State Frank C. Jordan has made public figures compiled in his office showing a total of 1,499,595 voters in California are registered for the presidential primary election to be held May 6. This total breaks all previous records for registrations in presidential primaries, being an increase of 388,403 or approximately 26 per cent over registrations for the primaries of 1923. There are approximately three Republicans to every Democrat in California, according to the figures which give the following party totals: Republicans, 1,012,701; Democrats, 399,300; Socialists, 17,888; Prohibitionists 18,281. There are 110,317 voters who failed to state party preference and 1108 others were listed as miscellaneous. The total registration is greater than for any other election ever held in California with the exception of the general election of 1922 when 1,532,384 voters were registered. In county registrations Los Angeles led all others with a total of 523,427. San Francisco was second with 193,378 and Alameda third with 170,259. In all of the larger counties the ratio of three Republicans to one Democrat was maintained. For the first time in history there TRUCK OWNERS FAVOR HEAVY HIGHWAYS Urging the building of highways that will stand the heaviest traffic of future years, the California Truck Owners' Association will lend its support to the proposed $200,000,000 road building campaign in which an advisory committee, appointed by Governor Richardson, is now engaged in visiting all sections of the state. That trucks, when overloaded, do damage the present highways, is admitted, the truck men say, but they add that the present highways were built to take care of the traffic at the time they were built and there was no thought of the tremendous traffic of the future. The new highway building campaign, it is declared, will result in roads with a greater depth and of a more secure foundation which will care for all traffic for years to come. The truck is a necessity and it cannot be legislated out of existence," said Frank L. Allen, president of the Truck Owners' Association. "The trucks, when overloaded, do damage to pavements, and we are striving to round up every truck owner who permits overloading. However, our new highways must be built to stand not only the heavy traffic of today but also of the future. We intend to lend our support to the highway campaign. Already there is state-wide agitation for a $200,000,000 campaign. Governor Richardson has a special committee visiting different sections of the state and traversing the different highways. We await their report with much interest." POOR COMPANY "Yes, your honor, he neglected me." The total registration is greater than for any other election ever held in California with the exception of the general election of 1922 when 1,532,384 voters were registered. In county registrations Los Angeles led all others with a total of 623,427. San Francisco was second with 193,378 and Alameda third with 170,259. In all of the larger counties the ratio of three Republicans to one Democrat was maintained. For the first time in history there were six California counties that failed to register a single Prohibitionist. These were Lassen, Alpine, Mariposa, Mono, Sierra and Trinity. The percentage of Prohibitionists was greater in Los Angeles than any other county. Voting precincts for the May primaries as reported by the county clerks to Jordan's office, total 6134. PLAY IN YOUR OWN DOOR YARD "Do no unnecessary travelling on foot or in auto until the hoof and mouth disease has been stamped out of California." is the admonition to all loyal citizens from the authorities in charge of the big job of eliminating this costly epidemic. An appeal has been made by the government authorities to the Automobile Club of Southern California to urge all motorists to cooperate in the campaign against the disease. Experts assert that 90 per cent of the infection is spread by human beings and automobiles. Hence, a responsibility rests on everyone of the 600,000 automobile owners in Southern California to keep their machines at home unless business compels their use. All of the mountain roads have been closed to travel, and at all county lines disinfecting stations have been established so that every day travel by motor is becoming more inconvenient. In some instances five to ten hours are required to cross county lines. Authorities of Ventura and Inyo county particularly, are warning motorists to keep out. The state line on the Arizona border is closed to motorists from California. The best and only way to end this situation, according to the authorities is for every person to cooperate in the wide spread campaign to eliminate this disastrous epidemic. TAXES AND MONEY To illustrate his point that high tax We intend to lend our support to the highway campaign. Already there is state-wide agitation for a $200,000,000 campaign. Governor Richardson has a special committee visiting different sections of the state and traversing the different highways. We await their report with much interest." POOR COMPANY "Yes, your honor, he neglected me shamefully. Why, he never was at home." "And I suppose you had to spend your evenings all by yourself?" "W-w-well, I had two goldfish." A SIZZLER "We've got a dandy college yell now." "What is it?" "We give names of four Russian battleships, a sis-boom-ah and then two Chinese generals." A man marries his first wife on the way she looks; the second on the way she cooks. YOU NEED NOT Your Backbone will tell Me What and Where Your Traffic HEA QUE And Th TAXES AND MONEY To illustrate his point that high taxes do not necessarily bring in more money Secretary Mellon argues that if Henry Ford were to double the price of his car he wouldn't make half as much real money as he is getting now. The people would buy some other car, or if they could get no other, they would go without. By placing an exorbitant tax upon large incomes the government inspires every possible form of evasion and itself by authorizing the sale of tax-exempt securities for investment. As a result billions of dollars have been withdrawn from industrial and other speculative investments and salted away in bonds, which, although paying a low rate of interest, are free from any tax burden. Every time the government has advanced the super-tax on big incomes, the volume of money gathered from that source has shrunk. If the government should fix a confiscatory rate the money would disappear overnight. It would be much better for the government if every dollar was out at work earning a modest tax, upon itself. There would be more money in the treasury and more business and activity for commerce and industry. Likewise it would be better for the taxpayer if the issuance and sale of tax-exempt securities by cities, states, school boards and civic commissions were made less simple and popular. NO OPERATIONS! NO MEDICINE WHY CHIROPRACTIC? BECAUSE—It is founded on facts. BECAUSE—It removes the cause of your disease instead of treating the effects. BECAUSE—Pressure on nerves is the cause of all sickness. BECAUSE—It is conceded to be the most effective health system known. BECAUSE—Over fifty insurance companies are now approving it. BECAUSE—Chiropractic teaches Health, "Not Disease." BECAUSE—Chiropractic restores Health without drugs, medicine or operations. BECAUSE—An analysis of your spine will reveal the true condition of your health. BECAUSE—Chiropractic will make you well when all other methods fall. Dr. Joseph H. Coleman 6 Years Successful Practice in Office Hours 10 a.m. to 8 p.m. Phone 845. 250 E.C. The most Centrally Located Ground Floor Office in A twood Home Tract A Beautiful New Development of Richfield In line S. F. Railroad, two main artery boulevards, acre tracts, gas, lights, water and streets. Adja- $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles er cities. prices far below real value. Seeing is believing. $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles er cities. prices far below real value. Seeing is believing. of our agents to show you this property WAGNER Los Angeles St. 8, Anaheim C. E. McFADDEN Phone 25 W Placentia D NOT BE SICK! and Where Your Troubles are Without Asking a Question HEALTH QUESTIONS and Their Answers QUESTIONS and Their Answers ONS! NO MEDICINE! NO DRUGS! ATIC? WHY COLEMAN? BECAUSE—Of his superior system of vertebral adjustments. BECAUSE—Of his six years' practice in Los Angeles, where he was one of the most prominent chiropractors. BECAUSE—He has thousands of satisfied patients. BECAUSE—He is a graduate of the noted Ratledge School of Chiropractic having the very highest of standards. BECAUSE—Each patient receives his personal attention. No one is employed to adjust his patients. BECAUSE—Of his gentle adjustments. BECAUSE—He has the most modern office and X-Ray laboratory in Orange County, with individual rest rooms. BECAUSE—His rates are reasonable including complete X-Ray of your back FREE with course of adjustments. H. Coleman, Chiropractor Successful Practice in Los Angeles. Phone 845. 250 E. Center St. Ground floor Anaheim Floor Office in Anaheim