The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1917-10-24

ing cotton a collateral, and every mer
chant who had loaned money to the
farmer upon the security oi his crop,
to try to sell cotton quickly because
each wanted to gct rid OF 1t before the
slump came
In other words the decentralization
which comes from the inability to mar
kct the surplus in foreign Countrlc,
arises from the attempt to sell great
quantities OF staple, be It cotton or
grain, or whatever else. m the home
market when there is not enough de
mand there to absorb II. and, Of course,
prices decline. they ~ down below the
cost Of production In the case IN point
cotton went a, low as s cents a pound
and 1t brought disaster upon the south
The losses during that time amounted
TO hundreds OF millions OF dollars to
the people OF the south, losses they
could III afford to bear
Our Exports to Europe.
Now, II we were to be denied the
right to ship our produce to those great
nations, which consists largely Of the
grain Of our farms Of the products OF
our mines and Of the surplus manutac-
lures Of our great plants m this coun
try. exactly the same condition would
be repeated. the same effect would be
produced IN every line ot production
in this country Take the fiscal year
ended June 80, 1917 In that year we
exported to Great Britain. to France,
to Belgium and to Italy three billion,
four hundred million dollars OF Amcri
can products. One billion, two hun
drrd million dollars OF that represent
ed the products OF American farms,
their grain, their live stock and other
things that they produced And 1t was
because OF our ability 10 move these
products across the ocean and to sell
them IN those other market, oi the
world that the general price level ot
these commodities IN this country was
maintained and prosperity came TO the
American farmer to an unusual degree.
The same thing applies to our manu-
iactureS, and that Is why labor IS also
concerned m this great question II
our manufacturers cannot sell their sur
plus product they, of course must re
ducc capacity and limit production 10
what we consume here at home, and
that means that labor would be uncm
ployed II we should be unable to sell
our surplus products to the four great
nations | have named, We would have
decentralization Of prices m this land
and disaster would visit every farm and
every factory and every business house
IN America
Where Kaiser Was Fooled
II is perfectly clear what the kaiser's
purpose was. He had been led to he
licvr bv diSloyal people m Tim, country
that America would never fight that
we were material people that any
,rauSgrcSSiun of our rights would be
met only by protests. tina, he could GO
as far as he pleased And SO he de
tcrmned that he would put America
10 TN, supreme test, and hc has got
ten am answer he never expected Hc
| expected a craven submission. and he
knew that # we gave that. there would
hc a weakening of the economic Sltul-
ton in America and ds.ord and dis
! content among IT'S people which would
serve the end he had IN view tie
would accomplish. It we had submit
ted 20 tina, order. hy one stroke of h,,
pen m his palace m Berlin more de
Nwcr1u upon American farm, M Am
curn factories and m American
business houses and On American ,n
,crc,'s an over tins land than he coul|
accomplish with an tine armlc, an.
naylcs of the German empire
German Wolf AZ Door
And these alleged peace societies o.
/ tins country. these ,o.rlllcd truth.
/ societies. which Tor several years ha,,
been making efforts 90 put rmhargoc.
ON our exports to thc friendly power
of Great Britain Bclpmm France an.
/ laN which the German kaiser inal
/ ~ ordered MS 90 do. these ,ocictl".
were merely German wolves ml,uucr
aiding ,n the hide, o' American traitors
Some man has sand. ur A.. alleged o.
| have said 'h, America had no usu
! nOltlon lor tins war Nth Germany
/ NJ there hc m Nmrlu ur an, mar
/ In this land whether hu s am AMERICA
or NOT vho knowing Tins record 1,
|lhat wc dId NOT have justification to
war with Germany then yellow h'nlD