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DR. HOLLAND THINKS WORST HAS PASSED Friend of Farmers Visions Prosperity's Return. ENCOURAGING SIGNS SEEN Head of Washington State College Takes Note of Things That Promise Improvement BY DAVID W. HAZEN Although nothing was about corner, Dr. Ernest O. folland, in an interview yesterday eclared there are straws blowing he wind that indicate the worst of the worst has passed. Dr. Holland is president of Washington State college at Pullman and known expert on farm financial affairs. He head the American Association of Land Grant College Presidents an organization that keeps abreast of all things affecting the Perhaps you may think this is trite. but to say that there that that the worst of the national and world depressions has passed, declared Dr. Holland. He made it these are small, but that they are in the right direction Money Less Tight Now reason for this is because many industries have been able make adjustments to reduce unit costs so that their products can be sold at small profit and industries themcontinue to operate. he said 'Another is the belief of the some of the that best of the credit corpo- sitimproved the ration have less tight than Money is much few weeks ago. was reached the subHolland Then that Dr. is to his heart in fact. one that is closest to the heart of the The plight great of manufactur- the farmer is echoed in every great every ing every industry the large transportation visitor pointed find Aladdin's someone lamp and rub that the price of agricultural products backbone would be of boost the the ed 100 per broken once would depression the college leader declared the farm- this thing could happen, magic ers could begin paying their build debts the buy lumber to They could needed on farms many over the United States. When the farmers start buying it will certainly be reflected in the timber regions of Oregon and Washington "With farm products receiving worth while price, farmer could truck or even buy once in while The farmer can survive better than any present other but if the of people, situation group continues indefinitely the American farmer will be reduced to the level of the European peasant. There is no that class the on The of soil farmer American should be sufficient for him of of the good things acquire life. He should many be able to give his dren as good an education as the rich city man gives his children. Farmer Has Some Rights. "The farmer might say, to the also The years of hard work he spends producing ings that keep the rest of the alive should receive some reward worth while Dr. Holland pointed out that in many parts the country the horse as back He said was true in Washington, in been told that true and he has Oregon Throughout the middle west ern states the horse used more on farms than at any time for many horse will continue to come back if the unit costs low said Dr. Holland "This will give the farmer colt to sell now and then or to add to his motive power. Feed for this real horsepower repairs can can be be raised on the of the made and horses will do in work team to that of be compared day still the cost truck very much these times is think of a farmer cannot The he use, what what can he must take he can for. Farmer's Debt Trebled. of paying his "Take matter if few years JULY debt to the bank. 5000 bushels farmer borrowed ago wheat from the bank- can say $5000 if you -when goes to pay that debt now he must do so with bushels of wheat. Of course the bankers too, have taken with losses them been all gain hasn either But, as said before, there are straws that point to good times on the Dr. Holland has been president of college sixteen and one-half years. Previous to going to Pullman was superintendent the Louisville, Ky., city schools for five tor years. affairs of the with the interfering acting as in any way bank or receiver. Bank examiners on March the 5. United 1932. directors of La Grande National bank States either for consolidation take steps bank or to Grande National the La national organization of join in First National as the bank, known sets the complaint bank of for orarranged The plaintiff forth. obtaining ganization waivers of its a depositors amounting its asand transferring further the new of Hugh the appointment It protests as receiver. Bodmer
