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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Mar 27, 1928
Page
13
Henry A. Wallace told the Men and Fratelli clubs that agriculture lacks centralized bargaining power and urged a device to match business centralization. He warned futures would shift to cities if farmers are starved out, citing income shares and investment values from 1920 to now to illustrate the farm crisis and corporate gains.
The speaker outlines four measures to revive farmers profits. Remove tariff on European manufactured goods to reduce surplus reliance on grain. Buy marginal lands to improve fertility. Cancel European surplus through export controls aligned with McNary Haugen ideas. Endorses broader credit and agricultural adjustments.
Henry T Esch of 621 Lime Street recalls seeing the Heidelberger Fass the great wine barrel at Heidelberg Castle in Germany in 1920. The 20 by 30 foot brass barrel built in 1751 holds about 50,000 gallons and preserves well.
A Waterloo man danced atop a barrel platform in the castle when it was filled, a palmy custom of dances on the platform. The castle reportedly holds secret passages and dungeons beneath. For the first time in its history, the Alaska railroad announced a net profit in December 1927 operations.
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