¡p w- a. ■ * PAGE POOt-B TW Maxwell Anderson's "Eve Of St. Mark" Comes To Screen Blaze Of Triumph—At Rbxy Theatre Thur., Fri., Sat Tractor Riding Grandma” Praises War Bond League Why Farmers Should Buy and Keep War Bonds by R. R. Renna M s. K. C. Henklo of Kenton, Ohio, does more than her share of war work. She and her husband run two farms at maximum production and with almost no outside ¿t ip. In addition, Mrs. Henk ¡e is chairman in her township for War Bond sales, for the Red Cross and for the com­ bined scrap paper and grease sal­ vage campaign. She is also a writer and has composed poems for War Bond and Red Cross programs over' Stations WMRN. Marion, and WLW, Cincinnati. Mrs. Henkle, who has an Army son. a Navy son, and an Army son- in-law, enthusiastically endorses Mrs. George C. Marshall's appeal to grandmothers to buv Bonds for* The Farmer and War Bond Purchases by Charles W. Holman, Secretary The National Cooperative Milk Producers' Federation > a strata that fanners arc probably ply a patriotic urge to assist in financing the war so that it may be prosecuted to an early and vic­ torious conclusion. Modern war demands governmental expendi­ tures far in excess of those which may be met by current revenue receipts. This means Government borrowing. If a large part of this borrowing is through commercial banks additional inflationary spending power is created through the expansion of credit. Oi the other nand. If the borrowing lis largely from individuals much of their excess funds are drained off. Hence, the pressure on prices re­ sulting from unusually large funds bidding for limited amounts- of goods and services is relieved, and thus inflation retarded. A tremendously increased agricultural production and same increase in average prices received shave those paid by farmers have raised the net income of all United States farmers treat, the 1935- U average of »4.7 billion to M.S billion la 1M1. >9.4 billion in IMS, and na estimated »12.5 billion ia IMS. With available 1, 1943, to March 1, 1944, average land values per acre rose 15 per cent, w.th the larger part of the rise taking place m the last four months of the period. The in­ crease during this four^month pe­ riod was the highest on record, being 20 per cent greater than the average monthly rate of increase for the 1919-20 boom year. Aver­ age values per acre have increased more than onerihird in the past 3 years. In the 1910-19 period the rise was about the same. It appears that an overcapitali­ sation of probably temporarily high farm commodity prices is in process just as in World War I. Large mortgage debts incurred now, at high levels of income, will prove disastrous when both total agricultural production and prices fall. Land values are based on the net return to land. With the 'em! of the war in sight and with the prospect that farm labor and other coata will require a relatively larg­ er return leav ng the return to land less, the logical course for land values at present would ap­ pear to be downward rather than upward. Therefore, it appears that fanners would do woll to in­ vest every available dollar, beyond that needed for debt retirement. In Government Bonds. These can ba held against the day when neces­ sary farm replacements will bo available and when farm land values will have become more stable. In this way the individual far'.'.sr may assist in hastening i'e day of return of his son, and also i-eve capi­ tal available to hol<* finance him In ventures of his own choice. ■ U. S. Tr—nry Dtp», taunt — J MERICAN farmers have great deal more at stake In diverting a large part of this fund A purchasing land purchases. From March War Bonds than sim into ­ debt retire ily liquidated for future pur­ chases of machinery, build­ ings. etc., rv for present in­ vestment in land. H A marked decrease in farm mortgages in recent years indi­ cates that much of this fund hss been properly applied to debt re­ tirement. However, activity in land sales and a very marked in- creaaa in land values demon- W ■ ~~ m ~' - i ~ ijwi -~. i T , Powerful Love Story (Revealed In New Film Starring Irene Dunne Great! Yes, great is truly the word for it. Great is the-word for Metro-Goldwyn-Mayer’s “The White Cliffs of Dover,” the G-R-E-A-T mo­ tion picture which will open Sunday at the Roxy Theatre. Not only is the film great, but listen to this cast of star names and decide for yourself if they’re not G-R-E-A-T: Irene Dunne, Alan Marshal, Roddy McDowall, Frank Morgan, Dame May Whitty, C. Aubrey Smith, Gladys Cooper and Peter Lawford. Now listen to the director! Clarence Brown. Remem­ ber him? He directed Mickey Rooney in “The Human Comedy." Now listen to the producer! Sidney Franklin. He produced “Random Harvest,” “Mrs. Miniver” and “Ma­ dame Curie.” All G-R-E-A-T pic­ tures, you must agree. Now listen to what I have to say! Don’t fail to, see M-G-M’s “The White Cliffs of Dover" when it opens a| the Roxy Theatre! You will agree that it is without doubt the outstanding film of its kind ever to be produced. It’s great, G-R-E-A-T! So take a bit of good advice and don’t miss “The White Cliffs of Dover,” the moot out­ standing picture to come to the Roxy screen or any other screen. PretidetU Montana State College DUILDING financial reserves, paying off debts, helping to fight dangerous inflation, ana pa­ triotism, are all good reasons why farmers should buy and hold War Bonds. ■> A good financial reserve is an important part of of_ sound farm management. War Bonds are safe L ___ ' __1 are almost as investments and liquid as cash. '~ r Thus, they com- _____ mt financial re- prise an excellent needs amt serve for ■ unexpected une: :ies. After the last war emergencies. prices fell rapidly, as they have after every major war, and thou­ sands of American farmers lost their farms because they could not weather the economic storm. No other factor is more essential for continued satisfactory farm opera­ tions, through good years ana bad, than adequate financial reserves. In addition to unexpected needs for emergencies, farmers need adequate reserves to finance re­ pairs, replacements and improve­ ments around the farm. Difficul­ ties in obtaining needed materials and labor for these expenditures cause farm buildings and equip­ ment to wear cut faster during the war period tl an in peacetime. If farmers can wait until some­ time after the war ends to make these repairs and improvements, their dollars sliou'd go farther than they will immediately following the war, and better quality ma­ terials will probably be available. Moreover, too rapid or forced cashing of Wai Bonds immediate­ ly after the war cculd create a serious situation and contribute to post-war inflat!on Also, holding Bonds to maturity makes it possi­ ble for the farmer to increase his investment by one-fourth through accumulated interest. Still anoth­ er reason for having ig a good re­ serve in the form of War Bonds is that funds will be available for the boys when they return, to as- sist them In getting established in •. peacetime pursuits. Matty farmers sliU have long-term mortgage d — debt out- anding against their their grandchildren. She herself takes turns buying Bonds for her five grandchildren ranging in age from 4 months to II years.' “Those Bonds.” she says, “will help edu­ cate the children and set them up in businesses and farms ten happy years from now.” The Grandmothers League was founded by General Marshall’s wife and has been widely accepted as a worthy and' unselfish Bond-buying drive. ty. Investmeat ia War now makes it possible for farmer to help finance the and at the same time accumu­ late the funds which will en­ able him to liquidate his debt in a lump sum after the war. Systemaue purchase of War Bonds furnishes a very orderly and sure way of accumulating the necessary funds for liqui­ dation of debt that requires large lump sums for settle­ ment. The extremely heavy expendi­ tures required to carry on modem total war creates high purchasing power, which combined with short­ ages of materials and labor, cause serious inflationary threats. Most farmers can remember the very high prices which occurred during the last war and tjie very low prices and depression which fol­ lowed. With the present scale of operations much greater than dur­ ing the first war. it is imperative that widespread inflation in gener­ al prices and in land be prevent­ ed. Using surplus funds to pur­ chase War Bonds helps reduce in­ flationary pressure in commodity markets and, at the same time, helps finance the war. Building financial xeserves, pay­ ing off debts and fighting inflation, comprise adequate reasons for buying War Bonds. However, there is still another major reason why farmers should invest in War Bonds until it hurts and this is the patriotic reason. We are engaged in a very serious struggle to pre­ serve democracy and our way of life. The sooner we can win this war the fewer lives of our sons and daughters will be lost. Our youth are making great sacrifices on the battlefronta all over the world, and it is up to each one of us on the homefront to give all we have. Large sums of money are needed for winning the war and if we will all buy War Bonds to the limit of our resources voluntarily, we can help finish the war at an early ddte. U. S. Traatary Dtfartaual KEEP FAITH BUY mu ME. JI MORL TH« * BONDS WAR BONDS /tome front READING BARGAINS Valley Sentinel (» YEAR) AND TRUE STORY . AMERICAN CIRL___________ OPEN ROAD (BOYS) (It Ilur.) PATHFINDER (Week!«) SPORTS AFIELD__ OUTDOORS (It taue») . USTED