3
Don.

_ Repairing U
oh
50-52 S. Queen St., Lancaster, Pa | the oath in Welsh.
PAGE FOUR

THE MOUNT JOY BULLETIN, MOUNT JOY, LANCASTER CO., PA.
By
WEDNESDAY, JULY 7TH, 1926

NG, TREY KNOW WE'RE
CRATE" HOUSCKEEPERS
—

3
Going away for the sum-
v
ay?
mer. 5
Better leaf the Heat Folks
on the job go look after the
place for y®u.
The of coming
back to a gold, cheerless house
will ruin gthe fun of any va-
cation.
Prepage yourself a welcome
home having that ecoal-bin
filled bgfore you go.

Calf the HEAT FOLKS
fod good, clean coal
Daniel M. Wolgemuth
174R6
i.

SPEGIAL! READ!
Kessler's. Quality
GREEN GROCERY
IDEAL ICE CREAM
All Kinds Of SOFT DRINKS On Ice
CIGARS, CIGARETTES and TOBACCO
ALSO SOME CANDIES
ALL KIND OF
FRUITS and VEGETABLES In Season
ALSO FRESH FisH
-—t
H. W. Buller
Florin, Penna.
House
Painter
When in need of a good job

of painting, see me before
letting your contract.
PRICES REASONABLE
mar. 17-tf

Rotary Sewing Machines
All styles,
including Elec-
trics, Oil, Needles, Repairing
and parts for all machines at
A. H. BAKER’S
133 E. King St.,
. LANCASTER, PENNA.
ow Ind. Phone 116Y

Yes Sir, That's My
Williams

For a Good Clean
SHAVE and HAIR GUT
at a right price go to
WILLIAMS & SCHOFIELD |
Main St.,, MOUNT JOY, PA.
g for the Eureka Laundry
~
37 WEST MAIN STREET

Age

. Jeweler
Watchmaker—Engraver

W ARE YOUR SHOES?

THE BASIC TROUBLE WITH
AMERICAN AGRICULTURE
Many Mythical Causes Given But the Chief Financial
Problem Rises From Inflation of Capital Account
Based on War Prices—Remedy Pointed OQut—
“Trick Legislation” Will Not Help.
By MELVIN A. TRAYLOR
First Vice President American Bankers Association.
N recent years agriculture and
the welfare of the farmer have
been our most fruitful topics of conversation. Political for-
a few years ago
not be able to fee

for more millions
ERR RAO
M. A. Traylor
| tunes have revolved around the unhappy situation of the farmer
and the business barometer has gone up and
down with varying proposals for his relief. Only
there was widespread feeling
voiced by the leading agriculturists that the time
was fast approaching
when America would
d its rapidly increasing popula-
tion unless there was improvement in soil culture,
fertilization, reforestation and larger production.
What is the situation now?
longer to be for food for the hungry millions but
The worry seems no
to consume our tons of food.
Evangelists of despair have talked so much
about over-production and surplus of agricultural
products since 1920 that we are warranted in calling attention
to a fact or two which may be enlightening to those who have
felt that there has been a crushing surplus of the staples of the
farm. From 1911
production of cotton was 14,175,000
bales at an average price of 12.41
cents per pound, while from 1921 to
1925 production averaged 11,362,000
bales at an average price of 21.85
cents per pound. In the 1911-1915
period wheat production averaged
806,358,000 bushels at an average price
of 89 cents, while in 1921-1925 the
average production was 804,384,000
bushels at a $1.11% average; in the
former period corn averaged 2,754,000,
000 bushels at 60.3 cents while in the
latter the average was 2,873,000,000 at
69.6 cents. Cattle on farms for 1911-
1915 were 37,178,000 at an average
estimated price of $26.52 while in the
latter period the annual average was
41,616,000 at $26.08. Hogs on farms
in the first period were 63,151,000 at
an average price of $9.58 per head,
and in the latter 60,418,000 at $11.34.
The Surplus Production Myth
From these figures, which eliminate
the period that embraced the war and
the early post-war inflation, it will be
observed that, with the exception of
cotton and cattle, production has been
almost uniform in the two periods. In
no case has production anywhere ap-
proached an increase commensurate
with the increase in population. So-
called surplus production is largely a
myth and the cause of the farmer's
complaint must be looked for in some
other direction. It must be admitted
that all has not been and is not well
with this industry. After all, what is
the matter with agriculture? There
are a few facts which seem obvious
as a part at least of the underlying
causes of the situation and which sug-
gest something of the remedy that
sooner or later must be applied.
Present difficulties had their incep-
tion largely in inflation of prices for
agricultural products from 1915 to
1920 with consequent large expansion
of profits. This led inevitably with
the farmer as with the manufacturer
to expansion of plant and equipment
—the acquirement by the individual
of larger acreage and modern, if not
always efficient, machinery. These
statements do not apply to every one
because there are always some who
play safely and conservatively, proved
by the fact that there are millions
of farmers who have gone through
the recent crisis without any difficulty
and are today prosperous and con-
tented. In fact the complaints today
are coming from less than 25 per
cent of the farmers of the country
and from the hordes of politicians
who are seeking to make capital out
of the situation.
Results of Inflation and Expansion
With the average and with the ma-
jority of those who were swept off
their feet by the wave of prosperity
through which they were passing, let
us analyze the results of this inflation
and expansion. The farmer operat-
ing on land that he was carrying in
his capital account at a value of, say,
$100 per acre, and who perhaps had a
loan of $50 an acre, suddenly found
that, because of the increased profits
from his operations, his land had a
market value of $200 per acre and
that, if he had a new tractor and some
new farm machinery, he could greatly
increase his production. But if he did
that he would need a larger barn
and more warehouse facilities. The
chances are that with an appraisal of
$200 per acre on his land he increased
his loan to $100 per acre, thereby
doubling his capital account and his
bonded debt—not out of earnings but
because of his ability to effect a
“clean write-up” of 100 per cent of his
plant account.
It he did not effect the doubling of
his capital account in this manner,
and if his $100 acre farm was clear,
he probably bought his neighbor's
farm for $200 per acre and mortgaged
both the new and the old for $100 per
acre. In this latter case, he increased
his capital account 150 per cent.
It is easy to see what this did te
his net percentage of income. If he
had been able to make 6 per cent on
his original investment, without any
allowance for the increased cost of
operations which of course did take
place, he cut his net income, based
upon his capitalization, about one-haif
when he had completed his expansion
program. But worse than that hap-
pened. His calculations had been
made upon a price for his product
which reflected wartime demand and
to 1915 average®

puying power of government money
which were suddenly curtailed. With

demand gone and buying power with-
drawn he found his gross selling price
cut in two. His gross at the high fig-
ure had enabled him to make 3 per
cent net on his new capitalization.
This now was cut one-half by the re-
duction of his gross selling price and
instead of making a 6 per cent return,
as he was able to do perhaps on his
original $100 acre farm, he has since
been lucky if he has made 13 per
cent on his new capital account.
The Remedy
I am confident that something of
this kind underlies 75 per cent of the
present difficulty. How can it be
remedied? I believe that time and in-
telligent hard work is the surest
restorative of better conditions. No
magic of trick legislation can accom-
plish the result. There are a few
facts which must be faced and ac-
cepted before a start to better things
can be made. The first and most im-
portant is recognition that farming
never was, is not now, and I do not
believe ever will be a so-called
money-making proposition. By this I
mean a business in which a man may
engage with the certainty of being
able over a period of years from the
production and sale of farm com-
modities to accumulate great wealth.
There are those who will say that
unless farming can be made g suc-
cessful money-making proposition
there is no hope for the future of the
country. My argument with such peo-
ple will turn on the correct definition
of what is a satisfactory money-mak-
ing business. I believe that if farm-
ing is iptelligently and industriously
followed it is a satisfactory business
but I do not believe that it is suffi
ciently a money-making proposition
to attract those who are ambitious to
play for big fortunes.
There are those also who say that
many men have grown rich in the
past in agriculture. I do not think
they have from the mere production
and sale of farm commodities. The
men who have grown rich in the past
from agriculture have owed their
success most largely to the ownership
of what would now be considered
very cheap lands, which over a pe-
riod of years have shown quadruple
and more appreciation in values.
The Advantages of Farm Life
But if agriculture does not mean
great wealth, and it certainly does not
involve a life of idleness, ease, or
luxury, it does mean much more. It
means if intelligently and industrious-
ly followed a character of independ-
ence vouchsafed to no other trade or
profession. Hew do I know this? I
know it by experience and I know it
by observation. The farmers of to-
day have more good, wholesome food
than any man working on a salary of
$2,500 per year can buy for his family
and be able to pay his grocery bill
without paying any other of his debts.
The farmers who are complaining of
their inability to make money enough
to pay for their necessities of life are
enjoying at home as a natural heri
tage of their business comforts and
luxuries which the man in the indus-
trial centers working for a salary is
spending every dollar of his income
to obtain and then is not getting any-
thing commensurate with those en-
joyed by the farmer.
It is these so-called unledgered
items of the farmer’s income that are
too often lost sight of in the calcula-
tions made by our reformer friends
who would legislate a living wage and
universal prosperity to those engaged
in agriculture. If the farmer as a
whole would be happy again he must
take stock of his blessings and thank
God for them, get rid of his quack
doctors of political bunkum, revalue
his plant and equipment, and start
over again in full knowledge of the
fact that he must face keen and effec-
tive competition, that he must work
hard and intelligently, that he must
calculate in his income inherent and
undeniable items, which are not
measured in dollars and cents.
When he does this, I feel perfectly
certain that over a period of years,
taking the good and the bad as it
comes to all classes of business, he
will find that he has lived well, that
he has had a fair margin for the en-
joyment of all the necessities of life
and a surplus for those luxuries which
he has a right to claim, and above all,
that he will have had a chance to be
an independent individual, a real man
and fa self-respecting citizen.

Presidential Succession |
Succession to the Presidency, In |
case both President and vice president
and secretary of the navw
rm Ar
Tgke Oath in Welsh !
Ten of the twelve members of a jury |

that tried an English prisoner at a |
court in Carnarvonshire, Wales, took ! dislike for the mistletoe and will never
{ use the plant as a decoration,

MOUNT JOY MARKETS

The following prices are paid to-
should dle Is: Secretary of state, sec- | day\by our local merchants.
retary of treasury, secretary of war, Eggs
attorney general, postmaster general Lard
| Butter
Corn
. Wheat

Portuguese Dislike Mistletoe
The Portugrese have a superstitious
Two groups of farms represent an

average husiness investment of $23,000
per farm. One
group showed a
yearly labo in-
come of $1,423.
The other group
cleared only $95
labor income for
twelve months’
hard work.
What all of us
with money in-
vested in land,
animals and crops
want in goodly
J. E. Larrowe measure, year aft-
er year, is “labor
income,” because labor income repre-
sents the amount of earnings left for
one year's work after all expenses
and interest at 5% on our investment
have been taken into account. If we
can’t make money, why farm at
all?
Quite a big difference between $1,423
and $05 as the result of a whole year's
work! At least that is how it struck
me, listening to James E. Larrowe out-
line the three factors which are keep-
ing down profits in America’s greatest
industry. These are the waste, not
the cost, of feed, the low production
per animal, and the waste of time be-
cause of poor management.
Or, looking at the same picture from
GROUP 1 FARMS
LABOR INCOME Am
=
Groups of
a slightly different angle, it 1s costing
our farmers $1,200,000,000 a year in
feed, labor and overhead expense to
keep the 12,000,000 tramp cows that
produce less than the U. 8. average
milk production per cow. And none of
these tremendous losses will be stopped
until American farms are put on a
business basis.
That is the opinion of James B.
Larrowe, a successful business man
whose clearly defined ideas on farm-
ing are the result of facts, proven on
his noted Larro Research Farm and
coupled with government and state
field data covering thousands of east-
ern and southern farms.
We talked together in his office, vis-
ited his research farms, questioned the
nutrition experts, former college pro-
fessors, fact and detail hunters in his
recently organized Larrowe Institute
of Animal Economics, and I was
amazed to learn how closely inter-
woven the businesses of milk, egg and
meat production were with the general
business structure of the nation, and
the large part they play in our na-
tional economic life,
1 wanted to get into the data, re-
ports and charts used by the Institute
workers, so I started at the beginning
with a simple question. “Suppose,” 1
asked, “a farmer is making a living
milking cows, producing a few eggs,
feeding a few hogs and growing crops
to feed his stock. He feels his cows
ought to make more profit. What can
he do that will increase his profits—
increase his profits right away, not
next year?”
The answer I received certainly hit
the nail on the head.
Answer: “You are depending on
cows for a living. Milk at low cost is
what you want. Very well. It takes
good cows, good hay and a good grain
ration to make money. You can't buy
better cows, unless you have the
money. You can't breed a new gen-
eration of better cows from the ones
you have. That takes years. But you
can, in four cases out of five, improve
or change your grain ration, feed each
GROUP 1 FARMS
CES)

Intelligent Feedina Netted Farmers
cow as an individual according to her
production and start making more
money within a week,” all of which
was merely another way of stressing
greater efficiency.
We had not gone very far into the
subject of animal efficiency before I
found myself facing facts obtained
from official sources presented in two
neatly arranged tables for single com-
parisons. The new data in these

AVERAGE - a
$25,654 - INVESTMENT - $23,550
86 - CROP ACRES PER FARM -100
6.4 NUMBER Cows PER MAN -5 6
$006 - VALUE COWS PER HEAD -?110
Good Management Made All the Difference in the Income of These Two
Receipts per $100 worth of
feed fed to dairy cattle
Labor Income Per Farm
HH,
S
Greater Than
“Tramp” Cows Cost Farmers
‘More Than Billion a Year
Huge Drain on Agriculture Can Be Offset By Better
Methods, Says Institute Founder
By L. J. BROSEMER
tables did more to convince me that
farm profits depend upon efficient
feeding than have any figures I had
ever seen in this age of statistics and
nation of statisticians. These data
are worth a good many hundred dol-
lars to any thinking farmer keen
enough to learn the lesson they teach.
In the table are given “pictures in
figures’ of what resulted from a year's
work on two large groups of farms.
In the very first line is shown the last
thing a farmer finds out—his yearly
labor income. The farmers in Group
1 make $1,423 labor income. That
sum is practically 15 times greater
than the labor income made by the
farmers in Group 2.
Average Factors Group 1 Group 2
Labor income..........§ 1,423 % 95
Size vs, Intensity.
Capital investment..... $25,654 $23,550
Acres in farm...... cess 108 137
Crop acres in farm..... 86 100
Number of men........ 1.8 1.6
Number of cowS....... 11.6 8.9
Number of cows per man 6.4 5.6
Units of livestock...... 14.8 12.6
Hours of productive
Work ..... caters 3,110 2,720
Crop acres per man.... 48 62
Hours of productive
work per man..,.... 173 170
Per cent total crop and
stock receipts from
vues 87 a0
Efficiency of Production.

Value of land per acre.§ 202 § 149
Value of cows per head 98 110
Crop index (average is
200%) 122% 89%
£286 2 FARMS
ABOR INCOME .

—
Farmers.
Pounds of butterfat per
cow 249 207
Economy and Efficiency of Feeding.
Feed per unit livestock § 103 § 119
Receipts per $100 fed
Hvestock ..... cc. 178 101
Receipts per $100 fed
dairy cattle.......... 225 118
A study of the two columns of fig-
ures shows that there was only a
small difference in the average capital
invested in the two groups of farms.
More intensive farming was practiced
by the farmers in Group 1—they had
more livestock and more cows per
farmer, per acre and per man. Their
enterprises made possible more hours
of productive work per farm.
A further study of the figures shows
that the farms in Group 1 produced
more efficiently than did those in
Group 2. The Group 1 farms produced
larger crop ylelds—1229, against 89%,
basing 100% as an average. Group 1
farms produced more butterfat per
cow—249 pounds per cow as against
207 pounds. Or, to put it in terms of
milk, approximately 7,114 pounds per
cow as against 5,914 pounds.
That brings us to the points of the
lesson worth nailing down. These
points are as follows:
(1) The intelligent, efficient feeding
—good roughage plus a milk-making
grain ration—practiced on Group 1
farms, returned $225 for every $100
worth of feed fed dairy cattle. (2) On
the other farms only about half as
much, or to be exact, only $118 was
returned “out of every $100 worth of
feed. (2) On one group of farms the
crops of 86 acres plus purchased con-
centrates show a yearly labor income
of $1,428—primarily because more In-
telligent feeding resulted In receipts
of $225 from over $100 worth of rough-
age, farm-grown grains and pur
chased concentrates (4) The other
group cleared only $95 labor income
for 12 months’ hard work, and had
receipts of only $118 from every $10(
worth of feed.
Little wonder the Larrowe Institute
of Animal Economics was LN
study the economics of efficient pro

Base Ball Notes
During the Week
| FAIRVIEW A. C. OF LANCAS-
| TER WERE EASILY DEFEAT-
{ ED BY THE LOCALS ON
| SATURDAY

in rapid order during the last sev-
eral frames.
Home runs—Showalter, and Hous-
er. Stolen bases—Derr, Bigler 2,
Glazer. Base on balls—off Hen-
drix, Showalter, Meckley. Struck
out—by Hendrix 8, Showalter 9,
Meckley 2. Umpires—Brown and
Hagenberger.
BE es
Minor Planet Far Away
The naval observatory says the mi-
nor planet Egeria is about 239,000, !
000 miles from the sun, and the earth
Is about 93,000,000 miles from the sun.
If the orbits of both planets were cir-
cular and in the same plane the max-
imum and minimum distances between
the earth and Egeria would be re-
spectively the sum and the difference
of these two figures; but as the orbits
are not exact circles and are Inclined
to each other at an angle of 18 or 17
degrees, an exact calculation of the
maximum and minimum distances be-
tween the two planets would be some-
what laborious.
The Duel
Perkins and Jessup had been hav-
ing heated words as to which was
the braver man. The outcome was an
agreement to fight a duel after the old-
time style. According to the rules,
they were both to be put in a gard. i
ened room, each with a revolver in his
The first one to find the other
was to fire once. After that no more
shots were to be fired. About three
seconds after the lights were out was
enough for Perkins. Thinking to end
the agony, he crept into the fireplace
and fired up the chimney. Jessup fell
dead at his feet.
hand.
South American “Tiger”
The magnificent beast known as the
jaguar is an animal which, as the
puma has usurped that of the lion,
takes the place of the tiger in the
South American continent. More mas-
sive in build, and larger than the
leopard, he is, for his size, one of the
most powerful animals living.
Throughout South America he is pop-
alarly known as the tiger, and the
“tiger call,” el tigre! used to be the
danger signal among the gauchos in
many a camp on the far-reaching pam-
pas.
Consistent
pays. :
advertising always

The Bulletin is always prompt in
the delivery &f all printing.

GROUP 2 FARMS \
GRAIN

ye
of Group No. 1 a Profit Seven Times
Group No. 2.
duction from dairy cows, fowls ang
hogs for this nation of milk, egg and
pork eaters. We farmers need it. Wi
waste land, we waste man-power, wi¢
waste hay, fertility and machinery
But our most appalling waste is ow
wastage of grain through {mprope:
feeding and through our failure to us
proven, tested, milk-making rations
egg-producing mashes, and economica
pork-making feeds

Electric Light Sale
The next Community Sale at
the Florin Hall will berheld on
Friday, July 9, at 6:30 o’clock
P. M. They will sell live stock, im-
plements, household goods, etc.
Don’t forget the time and place.
eel I eee.
The Mt. Joy Bulletin
$1.50 per year.
costs only
Advertise in The Bulletin.

Subscribe for The Bulletin.
OUR SALE REGISTER
Following is a list of public sales
for which posters were printed at
this office or said sale is advertised
in the Bulletin.
Friday, July 9—At the Florif¥
Hall, Florin, at 6:30, the regular
big community sale of anything
and everything by Community
Sales Company. Vogle, auct.
AA
His Master's
Breath

42832 Times one By. Years ago
fools uesd to blow out the gas now
they step on it. 4 Today life is just
one fool thing after another, except
where two people tare in love, then
it is two fool things after each oth-
er. We'll confess we're in love, but
it is with the quality of Dunlop
tires. We admire their past per-
formance record and marvel at the
increasing demand for them.

Young's Tire Stores
130 East Main Str
MOUNT JOY, PA.
11 North Prince Street
LANCASTER, PA.

ce Cream, Groceries and
“Confections
ey
BRAND T“BROS.

Our classified ads bring results
Mount Joy Street Mount Joy; Pa.
The Mount Joy Ball Club turned
in its fifth consecutive win of the
current ball season at Lancaster as |
the Fairview A. C., of that city, |
proved to be no strong foe, going
down by a 14 to 3 score.
Pounding out twenty-two hits
against the visiting hurlers Mount
Joy shoved run after run across
Fairview
* h 'o=7 ie
...... 2 153
Meckley, cf-p 0.0 0 2 0
Pott, 2b are OQ “30 0
Kirchner, If . 9 0 1.0 0
Staufter, 1b-cf 0 2% 0
Showalter, p-If 0: 10" 090
Wiker ¢c-3b ..... 0-6 4 0 0
Meckler, 3b 9..0 1.0.0
Houser, rf-¢ 112 3 0:0;
..... 00 2 3 0
Totals =... .. 3 24 5 0
Mount Joy
rh o =o.e
Bigler, vf... 0. 85 00 0
Elis, 2b ....:...: 8:32 2 0-0
Showalter, cf 2.3 3 0 0}
Weaver, 3b... 1 2-1 3 0
R. Myers, 1b TI 110 0 1
Derr, ss ........ 2 5 5 3 0
Snyder, If <0 OO 0 1 0 1!
Pennel, ¢ .:.... rT 7 10
Hendrix, p ..... 2:3 1 8.0}
Totals 14 22 27.10 2
F'view
Mt. Joy 0000284 x—14]
Two base hits—Weaver, Show-
alter. Three base hits—Hendrix.
A Ruined
Tobacco

If the Crop?
Covered by a
Hartford
| You cannot affordio take the risk.
The Hartford ¥ i$ Insurance Com-
| pany can. Let us explain this hail
policy and the record and resources
| of the Company that writes it.
‘Widmyer-Prangley Ca.
‘Agents
Lancaster, Pa.
H. H. KOSER, Landisville, Pa.
E. H. GISH, Elizabethtown, Pa.
D. L. ‘Landis, Elizabethtown, Pa.
june 30-6t
|
| 48 North Queen Street
|
|

These Lastex Swim Kaps
will “give you better ser-
stand harder
wear’ than any cap you
have ever used.
vice and
Select, Your Color and
Style.
E. W. GARBER
MOUNT JOY, PENNA.

Paper
\ Hanging
a
Wh to inform the public I am
in the $Paper Hanging business again
and do work at reasonable
prices.
Have a large line of up-to-date
samples to select from, and can save
you from 25 te 40% on your paper.
Your patronage solicited.
C. A. WEALAND
.23 E. Main St. MT. JOY, PA.
Next Door to U. B. Parsonage

I always have om hand anything in
the line of
SMOKED MEATS, ; HAM, DRIED
BEEF, BOLOGNA, LARD, ETC.
Also Fresh Beef, Veal Pork, Mutton
Krall’s Meat Market
West Main St..- MOUNT JOY

Kaylor’s Garage
EY General Auto
REPAIRING
CAR GREASING A'S
All Kinds of Tires and
Phone 119R3
Marietta St., Adjoininz Groff Bldg.

Permanent Waving
No. Kinks No Frizzes

pointment
0 E. Main