The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-06-17


firm to hold up its report on the
bonds until after the recall election
an illustration Of the desperate as
well as despicable tricks being worked
against the farmers.
LOTS OF MONEY
The federal government asked for a
loan Of soc, 900 900 recently and the
big bankers rushed up with more than
$500, 900 900. Our diplomats are now
wrangling with those Of Great Britain
and Japan as to how big q share Of
the new Chinese loan our bankers can
take. The Morgan syndicate is now
selling 500, OO0, 900 Of French bonds |
here.
And yet when Minnesota farmers
20 to the local banks to borrow little |
money on good security to pay taxes,
they are told that money is too tight. |
The small bankers are practically
helpless in the matter, but there are
reasons not fiattering to our good
sense why we have no credit for our
selves and plenty Of it for places over.
seas. y ~.~s...,
WAR DEBT OF WORLD
An expert has figured out that the
financial burden which the world has
!! taken on since 1914 is $50 billions 81
dollars. No one can imagine such a
aum, Perhaps some idea of it can be
obtained when we state that it would
buy every bit Of property in the whole
United States and Canada.
And to whom does the world which
fought the war owe this great sum?
Not to some other world; not t.
nations not in the war, but to indi'
| viduals within the nations themselves
To carry on war the soldiers went to
the front and they, with the rest OF
| the people, paid this enormous price
to certain Of their own citizens who
had property indispensable for wal
purposes. They asked this price be-
fore they would let their governments
use it. -..
Labor throughout the world went
into the war with it's bare hands and
came out with its condition worse thar
before. Farmers are in the same
boat. Only few of US came out with
more. And this $50 billions = thu
wealth Of North Americas roughl,
MEASURE Of the extent to which the
few did not sacrifice for the war 4
their full ability like the rest OF US.
!, NEwBERRY INQUIRY STARTS
j, A senate committee began its in,
E ouirv into the election methods Of
) Senator Newberry ON June 8 and thu
first session was stormy one.
3 John S. Newberry, brother OF thu
senator, testified that because o
glove and affection and loyalty" h.
had opened his bank account through
r an agent for unlimited and unsuper
II vised campaign expenditures, concern
mo the amount Of which he had neve
8 inquired. go
: gave $4,000 TO Newberry's pr1mar :
campaign, sent physicians cereln
3 cate declaring that he suffered from
n heart ailment which made testltyln
J. too dangerous. The process serve
. had found him having good time 0
d a private yacht.
About two months ago the suprena
conrt reversed the lower court declslo
n against Newberry on the ground tns
- ~ law nrovided no regulation OF pr
II mary elections.
= Newberry posed as the loyal cand
date. but the ring backing him ev
nj IDENTIFY had doubts about the loyai'
as If Michigan; so huge sums were spec
&c to make the state '1oyal." That Anne
~ ;canism was not in danger, exec
;; fro1r Newberry's slush funds,
o.. shown by the fact that Henry fo'
I'll was the rival candidate.
- HARvEY'S WAR AIM SPEECH
ic, Editors are having much exclteme
b. writing about Ambassador Aarve!
Az sroech in London. Harvey told t
london crowd that we didn't go
IN w.r To destroy autocracy and ma
,cei 10 World safe for democracy
,rk went in. he said, to protect Amer Il:
70, interests, chiefly trade with tne s4''
side. .,4 s,ee
1p- The editors al can ~ usrva
;es, and then proceed to support harv.s
hi,I ccntentions. It was probably m
,,+. ~~.lconce because the alleged ONO
i've aims. used, as Cappers Weekly 50
the to Are the Imagination. have Deeo
andl most troublesome to react'onary =
AL +;~;.ns. Great masses OF our PEG
Fer re.llv believed Whist Harvey nov :
all y. WAS mere war-seanne IAN
eld .honld now 30 forgotten.
t. IN England tho great .einn9 ~
n "Ve,ro going r. make tn1s 49,
,.n. ,.st.~ has also proved
x,r. n = hard . explain % =,
;. ..I - believed this Why wa:s nav
81 s,oine a svsr slnce - wny = -
.;S. = European nations AZ ~,
~ non r~ Sor var toda1 than tney ose
Tcre he World wax.
r. any 90 bat . prosnan. - e;
.;.r ~ said WHIST Harvey u.
vel 1onAee hsvsula hnSs ben 49, ~.
. o :. : traitor hea oae sno e ~ 81.
nony - ~ okhee. Yet Harvey 90 "a
" 49, - A1,nk III