The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-12-08


purchased for the farm.
Have you ever stopped to think that
these 6,500,000 farms are each separ-
ate manufacturing plants, purchasing
enormous supplies, farm machinery of
all kinds, tractors, threshing machines
reapers, trucks, lumber, tile, wire
fence, building material of all kinds
for home and farm buildings, furni-
ture, sewing machines, clothing, shoes
fertilizers and innumerable other
manufactured products to keep these
plants running?
Now force these 6,5OO,OOO manufac-
turing plants to dispose of their years
output at way below cost of produc-
tion, at shrinkage of not less than
$5,0O0,00O,00 less and it it any won
der that the purchasing power Of the
country is gone? That is what has
been done in single year by the sys-
tenn adopted arbitrarily by a legal
lied governmental agency. Could you
expect the owners and managers of
these 6,500,000 manufacturing plants,
individual farmers, to go on purchas-
ing when they have all been forced
to the verge Of bankruptcy and many
tenants or renters obliged to leave
all and move from the farms they
titled while farm owners have had
their mortgages foreclosed and the
accumulations Of lifetime swept
away in a few months by unnecessary
rapid deflation brought on, according
to John Shelton Williams, former
Comptroller of the Currency, deliber-
ately by the Federal Reserve Bank of
ficials, the officers of which have no
interest or sympathy for the Ameri-
can farmer nor did they understand
his problems, because they reap their
profits from the commercial and spec
ulative interests of the country and in
the fleeing Of the farmers by pre-ar-
ranged panics apparently successfully
timed, brought on and managed by
the great financial and banking inter-
ests, who now control the world s
greatest monopoly, the life blood of
the nation--its currency and credit.
The Federal Reserve Bank system is
the capstone Of this financial banking
system authorized by Congress and
now a source of great danger for the
overthrow of our democracy. 1t will
be recalled that / pointed this out in
the Fall of 1920 and was severally
criticised but now the public are IA
miliar and the farmers have been the
greatest sufferers thereby.
The Farmer and the Tariff. The ag-
ricultural or agrarian bloc has been q
source Of wonderment and worry ia
the privileged few who have in the
past controlled all political groups
New England, New York and New
Jersey have had their political groups
with every tariff measure ever enact
ed in this country and they have pro
tected their industries and penalized
the farmers and manufacturers Of the
West. True, the Old Guard from the
manufacturing states don't like 4
now. The agrarian bloc has said
Gentlemen Of the Old Guard, give vi
q fair deal in the South and West o.
there will be no tariff legislation such
as was planned. "a good old-fashionet
tariff with few cents for the farm.
ers and many dollars for your finish
ed products. !"
The agrarian bloc has called q hall
and demanded that the farmer shal
have the same consideration Tor hii
finished product as any other indus
try Or section Of the country for theil
manufactured products. The Ok
Guard spokesman says: sThis il sor
did politics" ." II So II Is what you hav,
practiced ii every previous tarif
measure and YOU should not complain
il others take 4 page from your rec
ord.
ITO be concluded. ]