The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-08-05
[nm Fee FIGHTS FoRD's FERTILIZER VENTURE

If the Norris DILL, WHICH
pekns q ss,eate ~ a s1OO,O00,00O corpora
Pua q, essuee asuort surplus farm products,
|aadwvocated w by President ot:ca;aa naEdlng, F.
b uIsos u,ssosds and the farmers through
raiavs'I caencV Of the War Finance Cor
/ Irstion. ton Edge, Lodge ana o., otner e az.
l:av lI;stration spokesmen in the Senate t
nlssaaS,fi 5aSn lighting the Norris bill ev-
Vs s;nss pssi t W Was Introduced and twice
sla91d nn1d { Guard attempted to recess
] cenate ena in order to defeat farmer
- es,ss msas,1res. It was stated, appar-:
a'' lel nm n,'' GOOD authority, that the
y! ssdent e had declared he would veto
] ss7yorr Norris bin if it passed: Then
NgIa,r ggIard;ng's sudden right-about-
y ae n favor favor of farm credits-provid-
= thpv No were coupled with railroad
.ats ias' and administered by the War
'saoe eanep Board. The intent Of this is
MONS r;ans, Harding hopes thus to line
farm farmer sentiment in favor OF
thor hs, money grants to the railroads
! 14ef 4e aIIay ILrrtl the opposition Of the sag-
|nltural n bloc" If the Kellogg bill
,amorating the Harding recommen-
inns nassed, the War Finance
san5 and would have the final say in the
Esner and it is safe to predict that
! VA ra;]roads would get the lions
are M Of the money available-and get
first. Members Of the agricultural
nc" have not been deceived by
|arding's sudden shift and will con
sue met their fight for the Norris bill.
Norris Bill Vitally Important
h Is conceded by all economists that
rculture is the cornerstone OF the
ktion's prosperity. If agriculture Is
4 prosperous, no other branch Of
Rdustry nor no other group Of the
merican people can prosper per
anently. The rapid def1ation Of thu
(rmers-tlanks to the deliberate
anipulations of the Federal Reserve
Istem-paralyzed the purchasing
pwer Of forty per cent of our popu
ten and most of our present indus
kial difficulties date from this idiots
bnspiracy on the part of the llttl'
fal Street clique which controls tn
edenl Reserve System. They ''hll
b the goose that laid the golde1
Egs" and now they are standlns
bout in open mouthed wonder ashn,
bch other what is wrong. They d
pt seem to realize that the only wa.
restore prosperity is to give tn
pose strong saline solution tha
Ill start it laying again. Market de
ends upon purchasing power an
prchasing power depends upon pro
bction. War stopped the processe
production in Europe and destroy
the accumulations of capital. Eur
be cannot resume her manufacture
lthout raw material. The Norris bil
fOvides the. credit whereby surplu
PW material from this country ca
shipped to Europe. Once Europ
Ps raw materials it can produc
pods, sell the goods, then pay for til
Nv materials and slowly revive i
Elned commerce. But it cannot d
pls without assistance. Every farm
Knows that on frosty mornings
Pmeumes is necessary to prime
mp to get it started. But ono
nmed it keeps on working. Th
|orns bill is intended to prime prt
aeaon in Europe so that its star,
and miserable people can utiliz
lood and manufacturing the SUI
us products Of almost bankrupte
mlers Of America. This would see1
simple as A, B, C, but Harding an
ADVISORS, instead of adopting tn
uaane and sensible course whic
0ula benefit both Europe and Amer
are still pursuing the illusion th,
can get back to normally" b
ssng protective tariffs, shifting tt
burden on to the consumers, an
,e Implying the public purse into Il
- enoas NAV of the railroad inte
uApTu CT.rr-- .~rvry