The central record. (Lancaster, Ky.) 18??-current, 1921-07-21
AMERICAN
FARMERS
Charged With Crime
OF Profiteering.
Ssws Characteristic Uttessaes Serve
r. Threw Fleed Of Light.

The last membsf OF u' "s'"'"k
admir- istra,ion to get into hot water
By making speeches is Comptroller OF
the Currency Crissingcr. the person
MI appoin,ee % President Harding.
whose recent speech IL arousing. the
ire Of the farmers The speech.
made on June 20 at the Convention
Of IN. New York State Bankers As
ISOLATION NJ Atlantic City. has not
been widely reported. The follow
ing extract. will he % peculiar in
teres. in agricultural communities:
American farmers are caught IN
the wreck Of their owi super-prosper-
i,y which Is the direct rcsul, Of their
pss6tesr,ng during the war. Cuba
IL in grcs, distress because It's good
fortune tempted Il TO extravaganza
speculation initiation - money. cred
II and prices during the war.
yet. u you smile the smile OF su-
perior sophisticstion nj little Cuba.
caught in the wreck % u. super-pros-
p.ri,y. I will retort tina, Cuba and
our own mid-wes,crn farming coun-
try are in precisely the same pickle.
The farmer, made money 20 fast on
the high prices that everybody did
exactly what ever, BODY did IN Cuba (;
went TO specializing in farms. forcing
the prices higher and higher. selling
aud reselling on small payments. and
discounting the notes, which repre-
..nted deferred payments. Then the
price ~ cotton aud wheat and corn
and hogs started downward on the
same path that Cuba's sugar was fol
lowing. and our farmers and agricul-
tural spectators found themselves IN
full fellowship with Cuba's planter.
$50 We see tina; IN. profits Of the
proftecr. whether IN Cuba or here.
have disappeared. lie cannot me.,
his notes. the banks cannot afford to
carry him. and both he and the banks
are being squeezed"
As in the case % Ambassador Har-
vey. who has not been recalled and
so far as anyone knows has no; been
rebuked for has Pilgrims Society
speech. Comptroller Cris-inger has
neither rebuked nor dismissed. II -
pointed out, however. that Comptroll-
er Crissinrer had as good grounds as
Ambassador Harvey could have had
for believing his uttefances in har-
mony with the views Of President
Harding. for on Feb. 20. 1917. dis
eussing the Revenue Bill and arguing
agains, further corpor,'ion taxes. Mr..
Harding. then u senator. said:
II venture To say that II the cor
pora,ions Of this country were hold
ing back food products FOR advanced
prices. ~ does the American farmer.
there would be m ouicry from one
end Of this country TO another"
He may have found justification in
a speech by Senator Harding in the
Congressional Record Of Aug. 81.
1917. containing this statement.
II said that raising one dollar
wheat was a profitable occupation in
times Of peace; and ] say to the Sena-
tor from North Dakota that the
knowing farmers u the country are
buying land in Ohio a, $3.50 per acre
FOR the very purpose q going into a
commercial propositin Of raising
wheat proiitably at one dollar per
bushel."
Republiess Discomfort Growing
The almost painful notes Of dis
content over the inacton and appar-
ent inability Of the administration
continue in the Republican press,
which il much severer in its criticism
than the Democratic Tress, because
the latter has shown n disposition all
along TO give the administration a
fair chance TO make good.
The Boston Transcript, an ebony
dyed Republican paper, commenting
on what II calls the Republican Fail
ure" and the explanation of some Of
the Presidents friend that the Re
publican majority in Congress is too
large to be handled easily. says;
I'VE think we can safely promise
the President considerable rcduc-
tion in the Republican majority in
each House"
The stauneh Philadelphia Inquirer
spokesman for Pennsylvania reaction
AIRY Rspublicanism. commenting on
the prediction Of former Chairman Of
the House Appropriations Committee.
Good who recently signed from Con-
gress. that unless the expenditures
Of the government are materially re-
duced and the burden Of taxation
subsequently lishtened the Republic
can will be swept out % power. says:
Beyond a doubt the American
people have bsen greatly disappeint-
cd by the up-to-dats sum Of sccomp-
lishmsnts In the direction Indicated"
Il warns Republican leaders in Con-