New Ulm review., 1921-12-07
NEW PARTY Is
IMPERATIVE
rich and to: increase the taxes that fall
upon the poor; and though forced by
Continued from page 1)

l!ona the limitation of armaments, tits
prepared to use the sbluster Of iingoists,
and the ready admira ton of small
minds for large figures, to cover up a
naval program precisely like those BY.
(which other nations have in the past
smade themselves, a menaces to the
world 4 81 II: II i55yys
Finally, and despite agealongs boasts
lofs an inevitable connection between
economic prosperity and Republican
administration we have seen, since
last March, the continuance and
spread aof the worst and dNstrial depres-s
sion that this generation has known.
The basic cause Of this depression is the
refusal Of the large banks, filed
though they are as never before to
offer the customary loans and other
credit facilities on which production
depends. The effort Of these ssslackera
bankers to reduce wages has not
merely created our hideous unemploy-
ment, but it has also paralyzed legit-
innate commerce and industry the
country over. All classes Of fproducers
have suffered from this autocratic
acknowledgement Of our big banks.
Meanwhile the Administratio ion, es-
ltablished and sustained by this fnan-
icial4 clique,F has dopted a tariff policy
which bids fair to rnultipl .intolera bly,
our. econ onic distress. For the tariff
fsbilDproposes to raise such a Wallagainsr
fQFeiGn pro dneta as as finds s no nos precedent
even in Rapubl lean annals wis effect
must be toi raise prices by protecting
domestic monopolies from foreign COM
petition, and to keep our trade, at its
present low ebb, while our. factories
trust in costly idleness, and the men,
who, on the battle efeld and in the shop,
fbore the brunt of war, face starvation
in our parks, and on our streets for lack
of an opportunity to earn an honest
living. Isl; sssss II
The failure Of the Republican party
to meet any Of the real problems that
touch the, lives and appinesss ofus all,
bids fair to- exceed in its catastro ophic
effects the similar failure of the Demo-
lcratic party. Both PARTIES have failed,
and will continue to fail, because both
parties are controlled by one group
which will not countenance a serious
attempt to solve our. economic and
political problems. This is the situa-
ton. 81 .sS 81. G23!ss9s
Thessoul Of America revolts against
the brutal resolution Of our unch0sen
masters to. make no change in asystem'
which periodically filings. men out Of
1.-THE factories into. the streets to starve.
Every American who still cherishess the
Reputation Of our people for inde-
pendence Of character and generosity
of impulse must re-align himself po5
litically, regardless Of personal cost, in
one determined effort to drive from
their secret places Of power the men
who, caring nothing for any moral
creed, aim only to turn America into
I a paradise for profteers. The finest
elements in our citizenship, whether
native or foreign born, must break
Efr on, their political bondage and issue
a eesu Declaration Of American IN
dependence. .iis.ssA
We invite you to consider with US
how this spirit may find form and
Substance, how our, scattered hopes
may become one will. We know that
fthere'i is no other way than by political
associa tionin a new party. We know
that the root evils Of our social disorder
are rather economic than. POLITICAL;
but we know, too, that the control OF
| the powers of government is the main
lever of economic privilege We be-
heYe, that the American people have
sufficient lligence to find q way out
Of these difficulties through orderly
ana Constit ional processes.
We have no faith in sudden over
i /: