All over the world, in fact, the necessity of a new governmental policy in regard to agriculture is being recognized. Thousands of Danish agricultural workers have been converted into home-owning farmers through the aid of the government. To-day 90 per cent of the farmers in Denmark own their own farms, while only 10 per cent are tenants. The government advances 90 per cent of the cost of a farm, the farmer being required to advance only the remaining 10 per cent. In addition, teachers and inspectors employed by the state give instruction as to farming, marketing, and the use of cooeperative agencies, while the railroads are owned by the state and operated with an eye to the development of agriculture. As a result of this, Denmark has become the world's agricultural experiment-station. The immigration from Denmark has practically ceased, as it has from other countries of Europe in which peasant proprietorship prevails. In my opinion, immigration to the United States will be profoundly influenced by these big land-colonization projects of the European nations. It may be that large numbers of men with their savings will be lured away from the United States. As a result, agricultural produce in the United States may be materially reduced. Even now there is a great shortage of agricultural labor, while tenancy has been increasing at a very rapid rate. And America may be confronted with the immediate necessity of competing with Europe to keep people in this country. A measure is now before Congress looking to the development of farm colonies, in which the government will acquire large stretches of land to be sold on easy terms of payment to would-be farmers, who are permitted to repay the initial cost in installments covering a long period of years. Similar measures are under discussion in California, in which State a comprehensive investigation has been made of the subject of tenancy and the possibility of farm settlement. Looking in the same direction are the declarations of many farmers' organizations throughout the West for the taxing of land as a means of ending land monopoly and land speculation. This is one of the cardinal planks in the platform of the non-partisan organization of farmers of North Dakota which swept the State in the last election. Every branch of the government was captured by the farmers, whose platform declared for the untaxing of all kinds of farm-improvements and an increase in the tax rate on unimproved land as a means of developing the State and ending the idle-land speculation which prevails.