The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-07-08

3, OySkOx4 x11AAe
Washington, D. C.-At last the |
hacking trust has the packer control
efforts Just about where It wants
them. . q
The senate has turned down the
hin supported by such men as Latol-
1atte, KENYON. Norris and Ladd and
the house bill has been substituted:
And the house bill is, Of course, Tor
and nv the packers. It is a bill drawn
nv lobbyists with a nice set Of regu-
1st;ons to keep the farmers quiet Tor
a time and to enable the packers g
do Just as they always have done;
In, speaking OF the house Dill Sen
ator La Toilette said:
g, 'I have here in my hand copy OF
the house bill as it was originally Ia.
PRODUCED. It contains number OF
suggestion written in handwriting
between the lines. This copy was de-
liyered into the hands OF !: Z. Atke-
son. head of the National Grange, Dy
Mr.. Lightfoot, attorney for the beet
trust. Seven of the most important
suggestions were adopted and written
into the house bill. This copy was
furnished me by Mr.. Atkeson."
Senator Kenyon was also strong IN
denouncing the turn of affairs in fav-
or of the packers. There never mas
been such a lobby against any bill IN
the history of legislation. When the
lobby investigation comes along, II u
does. / hope we may have some hgnt
thrown on the packers lobby"
Although there would be little
chance of any kind of regulation OF
the packers doing much good tor the
farmers and public, because the evl
lies in monopoly ownership and pow
er. vet the senate bill, which con-
tanned an honest attempt, was worth
something. It was at least 2 challenge
to packer power.
Those who hold that farmers do not
have to send their own men TO con-
eress to get legislation they want VIII
have a hard time explaining the de-
feat of the senate packer bill ana the
adoption of the packers own bill IN
the house. ss.s A
Sales tax propaganda is being
pushed as never before. There is lit
tie argument or sense in what is put
out. and the plan probably is to es-
tahiish sentiment for it by repetition.
Never D. Rothschild, chairman OF
the business Mems National Tax
COMMITTEE, has written long letter
tn President Gompers Of the Ameri-
can Federation Of Labor attempting
to point out what great mistake tne
federation made IN gong on Tecolo
against renewing the excess pronts
tax and against the sales tax. g.
IF the corporations OF great pronts
are not being hit by the excess pro-
fits are not being hit by the excess
profits tax and If millionaires are not
paving the tax on large incomes Dut
are passing them along, as the propa-
gandists assert, they ought to tell the
public why they are making SO much
noise about it.
INDEMNITY SCARES BANKERS
Transfer of German indemnity
payments "a mere fraction OF wha'
IS demanded) through New Yora
hanks has raised great howl from
our eastern bankers that exchange
rates were upset and our export trade
greatly threatened. They are aghas1
at thinking what would happen as
Germany continues cash payments
and All western Europe is alarmed Al
what will happen if Germany pay:
in goods. l,
/. of German ships and has knocked Out
her own shipbuilding industry. France
has taken a lot of coal and ha:
knocked out England's foreign Goa
trade. If France takes shoes French
Shoe factories will not have to work
But If France, England and Italy
get their work done in Germany, tn
latter will become more capable ant
The others will go to the dogs.
Bankers are now clamorlng for :
suspension of the payments un q,
less perilous means can be devised.
Germany drew panic on nerseI
bv che indemnity she took iron
France in 1871, and every economls1
knew that attempts to levy another
in 1921 would disrupt the business
basis of the world yet for two ane
one-half years politicians have beer
keeping the world in turmoil to de.
ceive their taxpayers into thinking
that they can go to war and make the
QeAeattu Rdy viz DAAA'
SUNK WITHOUT A TRACE"
A decision has been reached to TIC
up the shipping board with all It's
scandals into net package and bury
it at sea. Charles Schwab, who shed
tears before the senate when the ac-
countant asked him to explain certain
things. is sure that the public is sick
of the whole mess and wants to for
ret it. The administration agrees with
him. Five billion dollars sunk with
out trace
BREAK ON ALLIED DEBTS
AT the White House conference Of
Is western bankers, which followed
earlier conferences with the best ~
nancial minds" President Harding
heard considerable opposition TO the
plan Of refunding the allied debt to
our government.