The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1921-08-05
By Walter w. Liggett
Special Correspondent
wAsH1NcroNt LETTER


WASHINGTON LETTER
Washington, d. c., Aug. Slide
tracking Of the Norris bill. which
would create a 100000 corporation
to export surplus farm products, is
advocated by President Harding,
who urges the extension Of credits
to the railroads and the farmers
through the agency of the War FL
nance Corporation. Edge, Lodge
and other Administration spokes-
men in the Senate have been fight
ing the Norris bill ever since 1t was
introduced and twice the "Old
Guard" attempted to recess the Sen
ate in order to defeat farmer relief
measures. 1t was stated, apparently
ON GOOD authority, that the President
had. declared he would veto the Nor
rio hill if it passed. Then came
Harding's sudden right-about-lace
IN favor of farm credits-provided
thew we're coupled with railroad
cred,ts and administered by the War
rinance Board. The intent OF inns
"a obvious. Harding hopes thus 70
line nm farmer sentiment In FAVOR
Of further money grants to the rail-
roads and to allay the opposition OF
the agricultural bloc. II the kel-
log bill, Incorporating the Harding
Recommendations passed, the War
FINANCE Board would have the final
saw In the matter and 1t is safe to
predict that the railroads would get
the loin's share of the money avail
able-and get 1t first. Members of
the agricultural bloc" have not been
deceived by Harding's sudden shift
and will continue their fight for the
Norris bill.
Norris Bill vitality Important
It is conceded by all economists
that agriculture is the cornerstone
Of the nations prosperity. II agri-
!, culture is not prosperous, no other
branch Of industry nor no other
group Of the American people can
prosper permanently. The rapid de-
Aation Of the farmers-thanks to the
deliberate manipulations Of the Fed
eral Reserve System-paralyzed the
purchasing power Of forty per cent
Of our population and most Of our
present industrial dificulties date
from this idiotic conspiracy on the,
part of the little Wall Street clique
which controls the Federal Reserve
System. They KILLED the goose
that laid the golden eggs and now
they are standing about in OPEN
mouthed wonder asking each other
what. is wrong. They do not seem
to realize that the only way to re-
store prosperity Is to give the goose
. strong saline solution that will
start 1t laying again. Markets de-
pend upon purchasing power and
purchasing power depends upon pro-
duction. War stopped the processes
Of production in Europe and destroy
"a tho accumulation Of capital.
Europe cannot resume her manu-
i facturers without raw material. The
Norris bill provides the credit where
b. surplus raw materials from this
country can be shipped to Europe.
Once Europe has raw materials It
4 can produce goods. -sell the goods,
then pay for the raw materials and
slowsly revive it, ruined commerce.
but Il cannot do this without assist
ance. Every farmer knows that on
frosty mornings It sometimes Is nee
essary to prime . pump to get T.
started. lint once primed II keeps
On working. The Norris bill is in
tsndsd to prime production in Eu-
rope 70 that It's starving and miser-
able people can utilize for food and
manufacturing the surplus products
q the almost bankrupted farmers Of
America. This would seem as SIM
- q A. b. G., hut Harding and his
advisor, instead ofl ADOPTING this
humane and sensible course which
would bsnsAt both Europe and
America. arc still parsuing the illu-
1ion that " can ''get back to nor
lnalcy" ~ Das6ins protective trains,