The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-10-27

space for few remarks. | wish to
pay my respects to the great Rural
Credit stunt pulled off by congress
some time ago. | am not doing this
to dscredit Mr.. Wilson or that bunch
OF politicians known as Democrats,
nor to loan a hand to the bunch
known as Republicans. | wish to
strip it to its dressing and show it as
it is. AS for the two men who wish
the votes of the people this fall, or
enough of them that they may become
president of the United States, there
is but the personnel between them
But to Judge from the face of the men
| would select Wilson. 1t would be
but fair to say that there is really
nothing real for one to base a choice
upon between the three men, Benson,
Hughes or Wilson. Neither can |
find anything in the issues between
Hughes and Wilson. Each stand for
representative government with
supreme court greater than either the
people or their congress. But Benson
stands for a system of government
where the people are first, last and all
the time the government. This makes
it easy for me to decide who to vote
for.
But | have wandered; and here is
back to the farm loan proposition
again. 1t is but a delusion. To say
the very best that can be said for it
it is but half loaf and rye bread at
that, that it is being handed out to
the American farmer as sop to catch
votes for Wilson is not why | attack
1 hrt
for that purpose. 1t was not enacted
tor the prime purpose of furnishing
the farmer with money at low rate
of interest, nor even lower rate of
interest. Yet it is lower. The great
majority of people will ask: Then
what was it enacted for? The first
and prime cause was perpetual
source Of bond issues that was needed
by the moneyed interests of the coun-
try. And it might not be amiss here
to mention the one great fact claimed
and without doubt true, that the
wealth of the United States has in
creased during the present admins
tration to the extent of SAL 100000
10000. This being fact there is an
other fact that follows seeing that
this great amount of wealth has about
all been gathered together by the
banking, manufacturing and CONNER
cial interests, it is but fair to say that
at least $35,000,OOO is today
seeking permanent investment There
fore the rural credit law which makes
a perpetual source of bond issue
backed by the general government.
Government bonds if you please.
Yes, but we get the go money and
what difference where it comes from
or who gets the interest? All the
difference in the world. In this par
ticular case, the unemployed were put
TO work after a long rest to create
wealth and they have done it. But
the wealth just passed through their
hands and now in order to get it,
must borrow it and pay the interest
This must and will be done. | will
venture the assertion that with the re-
duced interest rate of the farm loan,
and this is only in the west, that in
five years from this date, the interest
that will then be eXacted from the
farmers of the United States will be
500 more than it is today. The ag-
gregate amount of interest that must
be paid by the farmers is what must
| in the end determine the condition Of
the farmers. The country must de-
pend upon the farmers as whole and
not upon some individual farmer or
some particular community.
Now let us analyze farm loan in
order to make the thing plain. A
farmer has $4,000 in the bank. He
believes it to his advantage to make a
100000 loan. He places the $4,000