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Newspaper
Baker Sentinel
Location
Baker, Montana, United States of America
Date
May 02, 1924
Page
3
Farmers fear proposed Parcel Post rate increases will slash revenue from selling fruits butter and eggs to cities. The debate centers on who bears higher costs as Congress weighs higher rates and potential pay raises for Post Office staff, threatening rural parcel business and overall domestic mail volumes.
A quotation notes that no intelligent readjustment of postage rates can occur until the ascertainment committee completes its report, which will take two to three months. The source cites the Commercal News Service.
Washington April 29 Special correspondence Representative Arthur B Williams Republican of Michigan introduces a bill to create a federal marketing board to regulate grading and inspection and to authorize charters for cooperative and terminal associations. The plan allocates seven board members five presidential appointees plus two ex officio members and a $7.5 million annual appropriation. The bill aims to reduce waste and stabilize prices by linking producers with markets and limiting litigation through standardized inspection and local clearing houses. It envisions temporary bureaus, revolving funds, and 5 percent loans to assist associations as membership grows. The article argues the measure offers calm constructive policy amid political rhetoric and praises cautious, long term thinking in a volatile era.
Advertisement notes corn related farming success and markets for children’s dresses and ladies gown styles at Mosher Linery, highlighting garments for young wearers and adult fashion.
Farmers under the Metropolitan Life Insurance farm loan program cover 25 states and about 3.75 million acres. As of December 31, 1923, farm mortgages totaled 142 million 344 thousand 97 dollars, with 45 million 313 thousand dollars loaned in the prior year. If 80 percent of the 8.76 million acres mortgaged produced corn at 35 bushels per acre and 65 cents per bushel, annual revenue would reach 265 million 698 thousand 760 dollars.
The article notes loans across Iowa to Oklahoma and other states with 18 648 mortgages and only 48 foreclosures. Minnesota reports eight farms foreclosed with four reclaimed, while Cor predicts a realisation of farmers economic hope and a chance to share in global improvement through rural development.
Washington, Arp. The Republican Publicity Association led by President Jonathan Bourne Jr asserts President Coolidge’s remarks before the Associated Press in New York were a sedative the nation needs. They say ongoing scandals and investigations have produced stimulants and irritants, making calm, prudent guidance beneficial.
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