-WE WOULD LJKE TO SEE YOU TIE INTERNATIONAL FALLS PRESS tion has been the potential burdens of the iriter-government debts. The purposes for .which these pblfgations AND BORDER BUDGET were incurred, the approximate totafc, and the means immediately available H. J. MINER. Editor and Manager for their -repayment are all weH known. Iy'is well enough understood, Entered at the pdst Olfcce at International Fall*, Minn- aa Second-Claw Matter also, that in respect to these debts the SUBSCRIPTION RATES: U. S., $2.00 FOREIGN, $2.g PER YEAR United States and Japan are the only important countries in the position of Northwestern Advertising Representatives bfeing creditors solely:» that Great international F"alls, September 14th, IStH and 16tK Minnesota Select List Britain and France are both" creditors 215 South 6th Street 709 Exchange Bank and debtors-, and that the remaining Minneapolis St. Paul nations, especially Russia and Germany, In many states the law prescribes than the statesmen can do. In the sued without obtaining sufficient guarantees :——I are in varying degrees debtors. that when grade crossings are eliminated meanwhile, the uncertainty will be and substantial evidence that under to enter all. our Great Lakes Interest is being paid on some of FARMERS NEED THE the villages through which they the debtor governments of Europe fully discounted as we come to understand ports. More than eighty per cent of the lesser miscellaneous obligations pass must stand a good proportion of it better. LAKE WATERWAY would stop further inflation of their the world's shipping isscarried in vessels ____ such as resulted from the sale of surplus the expense. This is a heavy burden currencies and floating debts resulting of 21 ft. draft (approximately miterials to France and of silver WORSE THAN WAR on the taxpayers. Farm Bureau 7 Executive Declares from expenditures in excess of 9,000 tons) or under. Canada is already to England for the account of On the other hand to order the railroads revenues and would undertake either Many Agricultural Problems rebuilding the Welland canal at In the past eighteen months there India, and is also being jteid on part generally to eliminate crossings to their finances or, better, to deflate Can be Solved. a cost of almost one hundred million have died in the United States more of the reparations debt" although the at grade, either by an elevation or by inaugurate a program of public improvements dollars and making it of sufficient size than twice, as many Americans, as a amount is scarcely enough to cover submerging of track would appear to destined to build up their to accommodate ships of 800-foot Better Farming Conditions Can Be result of automobile accidents as were the cost of the armies of occupation. be an unjust demand. industry and trade. This latter policy length, 80-foot beam and 31-foot draft. Obtained and Returns Made killed in the great war. Only 48,000 As yet, only Great "Britain has taken would involve less hardships than This matter of grade crossings is Greater Ocean Shipping of our boys went west in the big conflict, steps to pay any' part of the interest deflation, and would place the debtor more than local. Indeed it is so national The entire project when completed while in the last year and a half on the large loans, du£ this f^ll when countries in a far better position to in character it might be well for would giv,e all the Great Lakes ports 91,000 American died as a result of By J. W. CLOVERDALE the present moratorium expires. car*y the burden of their internal obligations, Washington td assist more materially the advantage of ocean shipping*and motor car accidents. Secretary American Farm Bureau Reforms Distant. the floating parts of which than it does in checking the country's ocean rates. It is generally agreed The startling feature of these figures Federation While the debts exist on paper, they could be funded from time to time and most notorious death traps. that wheat could be sent from Duluth lies in a knowledge that the war are not now an actual burden on the so gradually accomplish the stabilization Editor's Note: J. W. Cloverdale is or Chicago to Liverpool by this route i? ended, while the motor car is with debtors, the reparations debt excepted. of financial and economic conditions. For fire proof portable metal garages secretary of'th6 American Fartti Bureau at considerably more than ten cents us to stay and to increase in use. Nevertheless, these debts Federation, the largest, most active that can't be beat for economy a bushel chfeaper than by our present Despite the heavy toll it takes in represent a heavy potential burden to and important organization of its kind There would really be little use in and wear see Bloomberg, International systems, and that this saving would human life nothing is going to stop in the United States. It is constantly European nations and, until the uncertainty the remission of the debts due us-f Roof & Metal Co. be directly reflected to the producer. its progress. seeking to solve problems for the agricultural'interests which this occasions is removed, unless we would have some assurance and" to further their It would also make competition on there is small encouragement that their remission would be accompanied Consideration of the situation interests. To thi^ end a corps of experts The Key that Unlocks the Door to our lake shipping and incoming or prospect for governmental financial brings its importance home to the is gathering data and information by lasting financial reforms in Long Living freights which would result in an immense reforms on a far-reaching scale. and when once the bureau adopts Europe. Europe has been waiting for country even irtore than to the city because The men of eighty-five and ninety saving. The hydro-electric a campaign or a policy it is generally There have been frequent efforts in some sign of our willingness to deal nearly seventy-five per cent of years of age are not the rotund, wellfed, power which would be developed, based on the best information to be Europe to reach agreements regarding leniently in the matter, and we have the automobiles manufactured in but thin, spar^ men, who live on obtained. Mr. Cloverdale has adopted would, according to the electrical engineers' some of the intey-government debts, been waiting for evidence of European America are sold and used in towns a slender diet. Be as careful as he the inland waterways project as a part estimates, be easily transmitted and the reparations debt actually has of five thousand population and under of needed improvement in transportation accord upon a reasonable and will, however, a man past middle age on a radius "of thr^e hundred of farm products. He sustains his been funded into long-term bonds. and on the farms. possible solution of the reparations will occasionally eat too much or of miles, thus serving all the New England contention withi some interesting fig'ures. T^iese negotiations however, have not questions and European financial stability. This means that preventable deaths some article of food not suited to his manufacturing cities and releasing 7 sufficiently recognized two essentials Power to act in this matter in the country as a result of automobile constitution, causing indigestion or .approximately thirty million tons namely, the extent to which the debtors and to initiate and ratify a policy on activities is proportionately great, constipation and will need a dose of Eighty per cent of the foodstuffs of of coal annually, which would be available can pay or the creditors are willing our behalf, [however, is vested in a situation so serious that it cries Chamberlain's Tablets to move his the nation are produced in the Mississippi for the Mid-west and Northwest to receive payments in goods and aloud that something be done to halt congress, and at the present there is bowels and invigorate his stomich. Valley states. Practically fifty states, and would have the advantage services—which is the only way payments,^ no disposition on the part of congress this yearly national disaster. When this is done, there is no reason per cent of ,the agricultural products of the better lake transportation and can be transferred from one to consider the remission of these One of the great sources of automobile why the average man should not live of the natiion are produced in the competition in getting it to its destination. country to another, since gold is not accidents is the grade crossing, obligations. Probably time and economic to a ripe old age. For sale by S. N. states of Ohio, Indiana, Michigan, Illinois available in suficient quantity to be necessity will accomplish more a problem in every small community. Rubin. and states west and north, which Since the engineers reports were of material usefulness for this purpose. are affected by not having proper made, and since the- St. Lawrence As a consequence, the agreements water transportation outlet. Severttyfive trip was made, scientists have announced made have not been fruitful of per cent of the wheat and sixtyfive the perfection of a new mode concrete or beneficial results. per cent of the corn grown in the of transmitting electricity, whereby a The congress of the United States, United States is raised in this same million volts can be sent over a single now about to enter into similar negotiations territory. The price the farmer receives wire, thus increasing the economic with our debtors, has appointed for his product is based upon radius of transmission from three a debt funding commission^ the price of the commodity where the hundred miles to one thousand miles, but has limited the scope of action o! currents of the various countries meet, which would mean a broader market the commission by laying down terms less the transportation and handling and a better price for the electricity of settlement in advance of both investigatioi^of charges^ Hence the American Farm than indicated by the engineers' reports. the facts and negotiation Bureau Federation is interested in any of a funding scheme. project that shows possibilities of increasing A National Problem "The Bond Burden." the chances for better farming To get to the sea has been a problem) The reparations problem has reached conditions. of all nations since the dawn of its present troublesome position, Announcement of History tells us that the Basins of history. The ocean does not, as commonly largely because of the vast overhanging the Great Lakes have had five outlets supposed, separate nations, but burden of the inactive Series during the past ages—First from Lake in reality unites them. Amongst the bonds, amounting to approximately Superior down the St. Croix river to disturbing elements in Europe today $20,000,000,000, which are held by the the Mississippi second—Across Ohio Opening are the desires of Czecho-Slovakia, reparations commission awaiting a and the Miami river to the Ohio river Jungo-Slavia, Poland and Russia to time when Germany can pay interest third—from Blue Island down the get outlets on the sea. The St. Lawrence on them. The burden of the Series Des Plaines and Illinois rivers to the route will bring the sea twelve A and bonds, totaling approximately Mississippi fourth from Lake Ontario hundred miles closer to the Mississippi $12,000,000,000, already issued and to Lake Onedia and through the Mohawk valley than it now is. It will enable us subject to interest and amortization and Hudson to the Ocean and to meet the agricultural competition on charges, is quite within reasonable $ lastly, the St., Lawrence outlet. of Australia, Argentina and Brazil^, estimates of Germany's ability to pay, It is interesting to note that the which we cannot now do. The farmer although, owing to the present financial four historic outlets are all capable from Argentina can now market his demoralization of Germany, a of being converted into barge canal corn in "New York City for twelve moratorium on cash payments has SATURDAY, SEPT. 9 routes. Years ago a canal line was cents less than the freight „on corn been found necessary. built and operated across the state of from the Mississippi river to New It is-the potential burden of the Series OhiQ, connecting Lake Erie and the York. The cost of shipping one bushel, bonds, similar to that of the Ohio river. The second* lock in the of wheat from*Chicago to Liverpool is other great inter-governmental del|ts, Illinois river outlet is now being constructed in the newly redecorated and remodelled building as great as the cost of'shipping two which has encouraged the German with the prospect that some and one-half bushels from Odessa, on government to let its currency become at 228 Third Street, formerly occupied by the Rif- barge transportation from Chicago to the Black Sea, in South Russia, to debased and its finances disorganized the Mississipppi river will be a reality. Liverpool. kin clothing company? we will open to the public almost to the point of insolvency. The St. Croix and Mohawk river outlets The estimated cost of the entire St. The economic difficulty in obtaining both have at this time active proponents Lawrence project is three hundred payment of reparations and other inter-governmental and both routes are entirely million dollars. The estimated cost of debts lies in the fact A NEW MEN'S AND YOUNG MEN'S READYTO-WEAR feasible for canal lines. the barge canal from Chicago to the that transfer of funds from one country Interest, however, centers primarily Mississippi river is sixty million dollars. CLOTHING STORE to another can now be made only in the developing) of the present outlet The cost of a canal from Lake through the medium of transfers of through the St. 'Lawrence river. Superior down the St. Croix river has, goods and services. So far, however, The' largest ocean-going ships now A complete stock of new merchandise, purchased so far as We know, not been estimated, the foreign trade of most of the come up to Montreal, which is at the but would hot be more than the European countries is only a small at, the low costs that now prevail, will be head of tidewater. They are prevented Illinois river line. The total cost of fraction of their pre-war trade, and from coming on up to Lake Ontario the three projects would' be less than on display. This stock consists entirely of the the trade balances most of them being because of rapids in the. St. one-fourth our 1921 appropriations for very unfavorable to the debtors, better known brands of high grade merchandise, Lawrence river. An international war purposes. are still fluctuating widely. joint commission was appointed some Hence our interest in the proper development famous, not only for the cut and style, but also We can hardly expect, then, that two or three years ago with authority of transportation means a 4 any very serious effort will be made for the durable wearing qualities of the individual to have surveys made to determine the greater future for agriculture. except by Great Britain, to meet payments feasibility and expenses of opening garment. due this fall on the debts owed this route from Montreal to Lake Ontario INTER-GOVERNMENT to the United' States government. On for ocean-going shipping. Hearings A .personal inspection of this new establish* INDEBTEDNESS NEXT the other hand, efforts to devise were held in every principal city funding scheme on the basis of the ment is invited. of this country and Canada. Financial Expert Points Out the High terms laid down by congress will be ^..The surveys have been made and Lights in Present Conditions of doubtffll efficicacy while establishing the report has been made to Parliament' more lenient terms, as regards and to Congress. It indicated a further moratorium before beginning GILL BROS. that about forty miles o£ canal between Reforms Hold Off Until Some Sure interest payments, would only Montreal and the international Method of .Relief is Offered leave the question where it is, continuing.* boundary will have to be constructed. World the potential burden and its uncertainties. The rapids above the international MEN'S CLOTHING, FURNISHINGS boundary can be submerged or Editor's Note—Francis H. Sisson is Remove Uncertainty. drowned by the building of a dam Vce president of the Guaranty Trust AND SHOES It is desirable, therefore, from Company of New York city. The company just above the town of Cornwall. The is keenly interested in phases of purely business point of view, that hydro-electric power from this, dam is Two Stores foreign banking, as are all ithe great this uncertainty about what may be estimated at I,75(tOOO horse-power. financial organizations of this country the ultimate actual demand on European At a cent and a half per kilowatt hour Mr. Sisson has made the foreign field BEMIDJI, MINN. national treasuries should be JNTL FALLS, MINN. for our half of this power the bonds one of his specialties and is an acknowledged authority on the economic removed at the earliest possible mo necessary for the entire cost of our and banking situations that are now ment. It has been suggested that part of the improvement would be retired resting on the world's shoulders. What this can be done under present cir in from forty to fifty years. that situation is and the possible relief cumstances only by cancellation of This cost is estimated by t^ie engineers make up the bulk of the following certain inter-governmental debts by article. at three hundred million dollars, all the creditor governments, leaving based on last year's cost of labor and By FRANCIS H. SISSON. a comparatively small part of the re material, and upon the same basis as parations debt and a few of the less Vice-President, Guaranty Trust Company were made the engineer's estimates er obligations covering transactions of New York. of the Panama canal. The Panama indirectly connected with the war. canal was actually built for ten million Ever since the conclusion of the Such a,course would, under any conditions, dollars under the engineers' estimates. have its drawbacks, and it Treaty of Versailles, one of the chief These improvements would permit i'^It uncertainties of the European situa­ would be quite useless, if it were pur ocean going ships of 21-foot draft and "'••Vs- s-" s" ^*'^4 14 J* &