DAKOTA COUNT HEUAfilll DAKOTA CITY, NMRA8KA
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HUMS SAYS AID
fO FARMING LEGAL
Declares it Duty of Government
to Protect Nation's Fooil
.Supply.
TAX EXEMPTION NECESSARY
Former Justice of U. 8. Supreme Court
Makes Powerful Argument Defend
ing Constitutionality of Federal
f Farm Loan Act
FARMERS TO OWN
BIG LAND BANKS
George W. Wickersham Tells
How Federal Institutions
Be Taken Over.
TO BUY GOVERNMENT STOCK
Eventually tho Borrowers Will Ac
quire Complete Ownership of Banks
Established Under Federal
Farm Loan Act
That tho general welfnro of tho no
tion demands that tho government
Hhall encourage, aid and protect agri
culture by whatever means and to
whatever extent may bo necessary to
fcofeguard Uio nation's food supply,
oven though thoso means of aid and
protection shall Include tho appropria
tion of government money and tho ex
tending of government credit, or oven
(ho lending of government moneys,
was tho contention of former Justlco
of tho Supremo Court Chnrlcs Evans
Hughes, when ho appeared In tho fed
oral court at Kansas City as one of the
nttomcys to defend tho constitutional
ity of tho federal form loan act.
Government's Duty to Aid Farming.
Mr. Hughes pointed out that from
the earliest history of this nation there
has been a continuous disbursement of
public money In aid of agricultural de
velopment, Ho showed bow, while
congress bad not attempted to operate
fapns and had pot stepped Into any
state to legislate as to the uso of farm
lands, still congress had provided In-'
formation, had dlssemlated Instruc
tions, had distributed seeds, and bad
supported Jn.every manner'whlch was
deemed wise, tho great national Inter
est of agriculture. He told how tho
government had sought to protect agri
culture from great pests such as tho
gypsy moth, tho brown-tall moth, the
.boll weevil, or oven tho grasshopper
all. for tho general welfare.
Ho showed how tho government had
provided) for tho distribution of seeds
of now and useful varieties and how It
had provided for tho introduction and
protection of Insectivorous birds and
how It had provided also for tho estab
lishment and maintenance of labora
tories for experiments In agricultural
chctnlatry. Ho told how later tho bu
reau of animal husbandry was estab
lished to study and to dlssemlnato In
formation as to tho proper breeding
and as to. the diseases of domestic ani
mals. He told la,ter of howthe
weather bureau wb taken awatfjfrem
the amy and put In charge of Jt,t
partment of agriculture so thkttthe
t arraera aad, all Interested In tho pro
duction and distribution of food might
liny comprehensive information as to
rainfall and weather prognostications.
Prettetini Nation's Feed Supply.
From all this he reasoned that tho
Rpvernmcnt, recognized It as a. proper
function of government to cncetirAgc,
aid and protect agriculture, aa he
held that it' was the duty of the gov
eminent to guard against any shortage
Sn the food supply of the nation. There
fore, he said, when this great under
lying Industry stood in need of funds
Tor operation or for development, it
was clearly the duty of the govern
ment and clearly within Its rightful
flowers to provide the means by which
the Mceseary funds coald be plafced at
the disposal of those engaged in the
ulttwtkm of the soil. T "
"Here Is a great activity." he said,
"'wWcb. has .received financial suppert
from the foundation of, the 'govern
tseat "Otr position Is that the federal gov
TraBt was competent In the applica
tion ef Money and investment: of
noeys la the' stock of the federal
land banks, to organize these banks
and to invest moneys in tbelr stock,' to
borrow money, and to Joan money for
these purposes, and to provide for tho
ls8Ufl of bonds for these purposes. Be
ing competent to do this, the govern
ment could organise whatever agencies
weref necessary and convenient and
could authorise- theui to borrow to do
this thing for tho government."
Bonds Had to Be Exempt. ""
Air. Hughes contended that oh con
gress could create the laud banks as
corporations and clothe them with
power to lend money nnd to Issue
bends, tho government conlil, of course,
protect thoso corporations and these
bonds issued by them from discussion
or impairment by any action. Ho Ifttd
that "as the power to tax was tho
power to destroy," tho government, of
course, had the right to exempt these
tonds from taxation. And this rule,
le said, had' particular force hi this
case, as tho bonds of these banks had
to be sold in competition wiIi other
itax-exempt securities, and that with
out .their being tax exempt woiu-y
could not be secured for the farmers
at low rates of interest. To help the
fanaer the rate had to be low, and to
get'the low rate the bonds bud to bo
exewpt from taxes.
mi
jTO'DESTROY poultry mites
tCrtfde Fetreteum Found Quits Efficient
1 fn ,Ttsa f Largs Series ;
''.. f InmtfeMs. '
'la tests of a Urge series of lnsectl
cUe 'eeedMctea by etonologtn of
ttKfce United Jsatss department of ag
.rteritwre k was found that a few
Hharssasi Utiw ef erode petrole
''twTW UeteHsrrof pessHry, ass
wommn vr
That tho federal laud banks and the
Joint stock lnnd banks' are Important
supplements to the national bank sys
tem and tho federal reserve system was
emphasized by former Attorney Gen
craLGeorge W. Wickersham In tho fed
eral court at Kansas City, whero he
appeared with Charles B. Hughes nnd
W. 0. McAdoo to defend tho constitu
tionality of tho farm loan act.
Mr. Wickersham, who with Mr. Mc
Adoo, appeared as attorneys for the
Joint stock land banks, mado very
clear tho exact scrvlco which tho fed
eral land banks perform nnd their
exact relation to tho Dnnnclnl system
of the country. Ho also mado clear In
what respects tho Joint stock land
banks differ from tho federal land
banks.
Protecting Small Borrower's Rights.
Both types of bonks (federal and
Joint stock) were created by the gov
ernment to provide aid for the agricul
tural Interests of tho country. Mr.
Wickersham said that the government
with wlsdoni and singular comprehen
sion, had reached out to take care of
every clement of borrowers. Therefore
the federal land banks were created to
provide credit for small borrowers, and
the Joint stock land banks were cre
ated to provide a similar agency
throuch which tho larger borrowers
among fanners mlgh't secure ample
funds, without having to rely upon the
funds which hjul'been assembled for
tho uso of tho small borrowers, and
without danger of depriving tho small
borrower of tho very money which had
been assembled for his particular use.
Ho pointed out how in the case of
tho establishment of federal land
banks tho government had subscribed
to tho stock of theso banks as a tem
porary aid to tho particular class of
borrowers it was Intended theso bnnks
should accommodate. But, ho said,
this was only n temporary aid and that
tho government had provided tha,t tho
stock which had been subscribed by
the government should bo taken up
eventually by tho borrowers so that in
the end, in a very short time, tho small
borrewers will own their 6wn banks,
that is, that tho federal land banks
will bo privately owned In tho end
even as the joint stock land banks are
now privately owned.
Federal Banks for Associations.
"Tho federal land banks do not lend
te Individuals," said Mr. Wickersham,
"they lend to organizations of borrow
ers, who together must desire t least
f 20,000, and wheooust organize them
selves Into a farm to&n .association,
nnd they must enbscritw to 0 per fient
of tho amount ef the loan which. ttifi-S
seek, in 'the stock of the federal land
bank, as a condition te securing the
loan. '
"Provision Is mado that when these
banks are set up, if within n limited
time subscriptions, are not made to the
stock by otfiers, tne federal govern
ment, through the treasury depart
ment, shall take up the minimum
amount of stock with which they nre
authorized to start business, to-wlt,
$760,000.00. Then, as they proceed in
their operation,, as they loan to theso
associations, aha as theso associations
subscribe to their stock, by and by, by
tbo operations of tho system, the stock
which tho government has tultcn is re
tired, and ultimately those banks come
into tho control of their stockholders.
Farmers to Own Banks.
"The federal government, tut a stock
holder, will pass out, and if the sys
tem bo successful, after a certain
length of time, tho land banks will be
owned by tho various loan associations
which aro borrowing through tho land
bunks, and they will go ahead on the
Impetus of prlvute ownership.
"Having thus provided a system
whereby this greut scheme shall bo
launcuea unu become at onco opera
tive and money shall become avail-
nblo to tho farmers desiring It, tho act
also provides that thero bo created a
different class of bonks, namely, the
Joint stock land banks.
"Following tho analogy of the na
tional banks, tho act provides that
from tho outset, those banks shall bo
organized by private individuals. The
stock shall bo subscribed by private
Individuals, und when $2C-0,000,00 is
subscribed, then tho bank may begin
Its operations.
Joint Steele tanks Controlled.
"Since the enactment At the law! 27
of such banks have bees orgwafcejl jLa
different parts of the country, a4 fftey
are set forth in the petition, and tludr
aggregate capital Is something word
than $5,000,000,
."Now despite the fact that those
banks are privately owned, from tho
beginning of their operations, they uud
their operations' are subjected to con
trol. They are invested with tho same
powers, they are made subject to the
basse JW)ftlty astare given, to and im
jis4npoaUwi4fi1k4bajis
LEGAL NOTICES
First Implication, Dec. 11, 1U19 iw,
NOTICE Or INCORPORATION
Of the Goodwin Stnte IJnnk, of (Iciod-
win, Nebraska.
1. The name by which this cor
porntlon shall he knowri is Good,yin
State Bank,
2. The principal place of business
of this corporation shall be nt Good
win, County of Dakotn, State of Ne
braska.
3. The object for which this cor
poration is formed Is to carry on a
commercial bnnklng business.
. The authorized Capitol Stock
of this corporation shall ho 'fen
Thousand' no-) JO ($10,000.00) Dollars,
of which at lenst Ten Thousand no
100 ($10,000.00) Dollars shall have
been paid in at the time of com
mencement of business.
f. Tho indebtedness of this corpo
ration shall nt no time exceed tho
amount of its paid in capital and
surplus except for deposits.
0. This corporation shall begin
business on tho 1st day of October,
1910, Or as soon thereafter as auth
orized by the State Bnnklng Board of
tho State of Nebrnska, and shall ter
minate on the 1st day of October,
1969.
7. Tho affairs of this xorporation
shnll be under the control and man
agement of a board of directors con
sisting of not less than three nor
more than five shareholders, whoso
term of office shall be for u period
of one year, or until their successoio
arc elected and qualified.
8. The regular nnnunl meeting of
the stock-holders of this corporation
shnll he held on the 2nd Saturday of
Jnnunry each year. ,
9. Ench stock-holder shall at any
regular or special meeting be enti
tled to onevote, either in person or
by proxy, for ench share of .stock
held.
10. The articles of incorporation
may be amended at any regular or
,spccialmceting called for that pur
pose by a two-thirds vote of all stock,
J. C. DUGGAN,
RAY F. QUINN,
H. H. ADAIR, '
WILL HAYES
Incorporators,
Catarrhal Deafness Cannot Be Cured
by local applications, en they cannot irach
tne diseased portion or tho ear. There la
only one way to euro catarrhal deafness,
and that la by a constitutional remedy.
Catarrhal Drafntsa la caused by an In
flamed condition of the mucous lining of
the Eustachian Tube. Whin this tuuo la
Inllanu-d you have a rumblluir aound or Im
perfect hearing', and when It la entirely
closed. Uriirmis la tho result. Unless the
Inflammation can be reduced and thla tube
restored to Ita normal condition, hearing
will bo destroyed forever. Many cases 'of
deafness are caused by catarrh, which is
an Inflamed condition of tho mucous sur
faces. Hall's Catarrh Modlclno acta thru
the blood on tho mucous surfaces of the
system.
We will give One Hundred Dollars for
any case of Catarrhal Deafness that cannot
dc cure a Dy iimre caiarrn Meaicme. i cir-
miiIm. faiA All Tommmm TIC
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All Drucsjlata.
J. CIICNICV CO,
750,
Toltdo, O.
LET US PRINT IT FOR YOU
You Wouldn't Do This
Would, You?
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Who would ever think of starting a fk'o in the kitchen rang
when the stove pipe was not up ? You would not do such a
thing1, of course not.
Because you are too sensible to consider using a stove
without a pipe we are sure you must be sensible in other matters
as well. $hat is why, when you stop to think of it, you realize
the telephone can't operate without sufficient funds to meet
operating expenses. -"
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The men and girls who make up the working force of this
company have had their -wages raised because we know" they
need more money to live on now than they did a couple of years
ago. And the cost of all the products which go into the
construction and repair of telephone lines has just about
doubled. i ,
Therefore, there is only one thing for us to do; get enough
money to meet expenses. And, naturally, this money must come
from subscribers from the people who receive the benefit.
IEIMSKA TELENONE COMPANY
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Public-Aucti
HAVING SOLD MY PLACE, I INTEND TO QUIT FAKMING, AND WILL SELL' AT PUBLIC AUCTION ALL
MY PERSONAL FKOPEIITY LISTED BELOW, WITHOUT RESERVE, AT MY PLAGE 3 MILES WEST OF
GOODWIN; 8 MULES NORTHEAST OF WATERBURY, AND 7 MILES SOUTH OF PONCA, NEBRASKA, ON
Thursday,
SALE BEGIN AT 2;;$p'CL0GK SffARfc
Dec. 18 1919
lQf FREE LlJNCJf ERVED AT NOON.
tmmmsze.m. u;
12 head of Horses
Span of Buckskin Miirep, and 8 years old, wt. 8D00. I pjmn Grfty GeUHnps, 9'h?mI IS yrs, ojd, wt, 9800, r
Spun of Griiy Mnros, 6 yearn old, wt. 3000. 1 Buckskin Horse, 8 years old, wpighf; XgOO,
span 3Iare and Gvlilinicff and 0 yrs. old, wt. 2000. 1 Buckskin More, weight 1000, with MipkUnK'Cplt,
1 . 1 Gray Colt, coming !i years old.
18 head of Cattle
NIiip ttHVHGlvini; Milk.
Three YearlhiRN.
Five Calves.
One White. Face
Bull.
Farm Machinery, Etc.
W Wagons. 1 Blue, 0 IMdlmr Ciiltlvfttftrf, t)m H--?!Pll P"?F llw. 2 Wulkinj? Plows. 1
l iTorn Mioiior.
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with 100 Hods of Wire. 1 MeCormlok MoW'h 0i 20-fopjt FlPll)P MajTPJv.
1 Dp Laval Cream Seprnntor. 8 Setn of CJoiicoril Harness, ''aK HpntPFr
unnnirrvfi i.MXlir ini MVk mu IXsTTlMliH
ONE GOOD DURO0 rlERftEY BOAR, Wt,
Corn Planter,
1 Bobsleigh.
WZ7 m w . m M
oo neaa or uutoq onvaim one good duboo ,ierhey boar, wt, About 200,
1200 bu. of Corn. 400 bu. of Oats. 60 bu. German Millet Seed,
20 bu. of Potatoes. 10 Tons Hay in Stack.
One Stack of Oat Straw. One Stack of Wheat Straw.
10 Tons Alfalfa Hav.
10 DOZEN RHODE INLAND BED CHICKENS.
TtiRMS OF SALE
One years time will be given on bankable notes bearing 8 per cent interest. All sums
under $10, cash, No property removed from premises' until settled for with the clerk.
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COL
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McTaggart, O
wner
GEORGE SMITH, Clerk.
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