Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-05-09

OWA- SVe0VVk8I4V0 CT0&IIl0Ey .1t r.fI 49,
Has It occurred to you that the
present price Of hour 10 due to our
own peoples' demand for boarding
purposss7 Putting cash wheat at a
premium Of about 800 per bushel.
Do you know that II the boarded iour
now In farmers hands were put on the
market, the price would drop out Of
This sams thing applies to sugar:
everybody wants sugar, they seem to
feel there. will bs no sugar or flour to
buy. One Of my customers tent in
for 500 pounds Of dour and afterward,
I found he had 1000 pounds in his
attic. u this supply ana demand7
Your speaksrs say It 70 the stock
gamblsrs ana millers. Why. my dear
Governor. don't you know that Y you
ana cooperative elevators away from
the Minneapolis chamber Of COM
mefoe there would be no such insti-
tutionf
Did IL ever occur to you that the
elevator or miller who does moi pa
troni4s grain brokers through a
samSisss in The dsaas =: The miller iiss
protects himself on every car Of
wheat bought, and again. on every car
Of 6our sold. he may have 100, 900
bushels Of wheat in his elevator, yet
1t may BIO owned by q dozen different
people on . buy for future.
Did You ever hear the league speak
srs tel! the facts in regard to these
srs snoirole the truth and tell about
aorne mystsrious being or organisation
that is trying to choke the farmer.
Just now. It 10 a proposition Of the
Increased cost OF merchandise.
through the extra expense Of travelling
salssmen.- Do you know the COM
sumer does not pay this expense?
II you were ct the head Of q whole
sale or manufacturing concern. you
would no doubt, figure on a minimum
cost for the selling OF your goods,
would you not?' And after thorough
Investigation and experimentation. II
you found the cheapest possible
method Of selling your output was by
hiring salesmen. you would employ
them would you not? Then you
would want real salesmsn. and natur-
ally. your salaries paid, would vary
with the ability to sell. Does the
consumer pay these salaries. when II
you employed another method. IT
would be necessary to add the extra
cost to the price Of your goods?
Where did you get the jdea that u
people would benefit through the de-
moralization Of the business interests?
- ~ SA0S kAA0 VVOVlo 6AAGs
guard depends upon the competition
among manufacturers. wholesalers
and retailers? Do you know that one
concern in this country through mis-
representation, and thereby the Gre
alton of suspicion and envy. has for
years been putting forth extraordinary
efforts to eliminate this competition,
an organization built upon fraud and
deception. II, when they had gained
the advantage sought. protect the
people or would they, on the other
hand. rob the people.
In a speech recently, Mr.. Drake, Il
understand Mr.. Drake is q brilliant
mani stated that in his opinion the
government would put q price on
wheat, which would forever, put q
OF commerce in Minneapolis. This 10
Of h strong arguments Of your
organizers. Now, I know you are q
man Of intelligence and therefore
q know there oan be no man or
set OF men in n country, possessed
Of the wisdom to know what a reason
able price would be for wheat. Eek
eminent could do 10 temporarily,
through cooperative action with sew
eral other n%attons.)
Did 1t ever occur to you that the
producer can carry this agitation SO
tar that suddenly the whole PROPOSE
ton would bump up against a stone
wall! What stone wall? Why, there
products (this applies to all other
farm products) to one producer. IL It
unreasonable to presume the consum-
err cannot effect distributing agencies.
or organizations. through which they
could tell the producers what they
would pay? Pray, tell me who would
have the advantage.
Your organisation lambasts every
thing and everybody. The banker.
however. seems to DO the most terri
BILE octopus Of them all. Do you
know that debt 10 an evidence Of pros
perity? Isn't II obvious that II there
were no need for banking institutions
ty?
Your organizers tell Of the terrible
interest rates paid by the farmers. Do
in North Dakota have bendsd every
effort to get mobile money to como
into the state? Paying up to six per
cent interest on time deposits.
Why do they do thisf IL it simply
because they want this money to look
You we'll know 1t rs to have money
= AO0u wA0u pSOQlo d0k LOT II,
Now, what do people get for eight
or ten per cent interest when they
borrow . few hundred dollars at the
bank. DID It ever occur to you that
your bank keeps your account, fur
nishing you with pass book and
checks. giving you q balance and
statement each monsn. Did you ever
so to your banker and. have him draw
you a contract. mako you a deed, pay
you taxes Ind did no charge you any
thing for this service?
After q while you would wake up
to the fact that you owed your bank
or something and would ind that the
only way you could pay him was to
borrow q few hundred dollars at ten
per cent interest (you would fnd that
then 9 were only PAYING : per cent
banker. the difference being what the
banker was paying for the money!,
and then you would be able to pay up
some Of your lapsed duo accounts also,
be able to do your business on q cash
basis. After this experience, would
you feel broader and bigger. or would
you feel that -some one had robbed
you 81.
Do you know that for eastern in
vestors, our banks are Just a. safe a.
the city banks whore only from 3 to
4 per, cent 10 paid for deposits. And
yet, your organisation would 20 ham
per and ourtail the banking business
that this outside money could not be
secured. Do you think money can be
forced int oithis state by legislation or
otherwise? On the other hand, you
do know that this interest rate IL bas-
ed upon supply and demand just the
same a. the price of other commodi-
ties. Therefore the interest will be
l0XAr To thu hornoWar illsf In nronor.