The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-02-16
tWere the Cards for the Agricultural
Conference Stacked IN Advance

Armstrong Of Fort Worth, Texas, ont
Of the largest farmers in that state
\ and John Shelton Williams, better
posted as to farm credits by the Fed
eral Reserve System than any Other
man in the country, have not been
/ asked to attend the Agricultural Con
ference, outstanding they were
both named By. President WannamakeI
.Ssof the american Cotton Association.
who had been requested by Secretary
Wallace to name delegates represent
ing Southern farmers.
President Wannamaker named
both Of these men and urged their ap-
pointnent, but Secretary Wallace on
the committee having the matter Ia
charge, has definitely refused TO Fame
! them as delegates and in doing this
i has shown that it is the intention of
!. those who are controlling the confer
ence to prevent the full expose OF the
methods adopted by the Federal Re
serve System to break down credits
!. and to break down the values OF farm
products. 55s 5... n, .g.s
} s' awe are sure that Of his own ac-
cord Secretary Wallace would never
have been guilty of 50 great 4 blunder
! and so direct slap in the face OF
the agricultural interests OF the coun-
= try as to refuse to invite such men
who have given the deepest study 70
agricultural credits, men that had been
named by the American Cotton As
sociation as their representatives.
Some Interior influence must have
been at work to prevent the naming
Of these men for fear they would be
able to show to the conference some OF
the criminality that has been COM
mitted against the agricultural and
business interests of the country by
the management Of the Federal Re-
serve System. IT. sEEzs E & ~ -. -.3g
lie the administration really desires
to restore the W. sof farm products,
&c iss In its posve1seo dsssza, and there
ID but one way to do it, and that is
to remove the cause that destroyed
these values; il it desires to restore
confidence the remedy is same cause
destroyed both, and President Harding
has it within his power to remove it.
The responsibility therefore, for the
continuation of the existing situation
] lis with him and his Administration
alone. He is either q defiationist Kim
self, or else the power that brought
this debacle on the country has enough
influence on the party to prevent his
acting. 3 Il y$g s
The remedy, and the only remedy, is
to remove the present Federal Re-
serve Board, and to make it impossi-
BILE for any future board to exercise
the control over currency and cred
it that this board has unlawfully as
] sumed. Cooperative marketing is all
right but it is in the process Of devel-
opment and needs no conference, the
reduction of freight rates and other
homeopathic remedies will adjust
themselves without conference"
Improvement of the Currency
eWe believe there exists Imperative
need for prompt Legislation for the
{ Improvement of our national currency
system. We believe the present meth
ods Of issuing notes through private
agencies Is harmful and unscientific.
The issue Of currency is Fundamentally
q government function and the system
should have as basic principles sound
ness and elasticity. The control should
be lodged with the Government and
should be protected from domination
or manipulation by Wall Street or any
special interests.
eve are opposed 10 the so-called
# Aldrich bill because it's proyizions
would place our currency and credit
system III private hands. not subject
I TO effective public control.
The Aldrich Bill was not enacted
into law but our present Federal Re
serve System was passed By Congress
sas substitute and contains all the
objections of that measure and by ad-
ministrative methods has become q
I menace % the country.
MEXICO
Why is Mexico not recognized by
the United States n IS evident that
] the Mexican Government Is stable
ana FreMdent UDreg0n seems 20 nave
done everything hun1anely possible
]. To protect the citizens of the United
] States IA Mexico and their property
rights. Those who have met General
Obregon maintain he is absolutely
sincere ia his desire to uplift the peo-
pie Of his country and TO keep faith
with the people Of the United States.
\ Then why don't we give official recog-
nition to herr The representatives of
4 Mexico whom II have met here III
Washington and New York impress
one most favorably 81.
It is said that our exports have
shown marked decline with foreign
countries. Some claim the decline
amounts IA AZ per cent 10 Mexico On
3S the, other hand there has been ! mark
ed increase of exports and for tho
first seven months of 1921 amounted
10 $155, ,699, 400, "a increase 81 81 per
cent over 1920. Few countries can