The Elk Mountain pilot., 1922-07-20
SQUEEZING THE FARMERS

CONGRESSMAN PHIL SWING of Californa has re-
Gently exposed the policy of the federal bank
way that ought open the eyes
of every industrial and agricultural worker in the
try At meeting of the bankers of southern California
held at Ell Centre. Deputy Governor W. A. Day. of the
Federal Reserve Bank of San Francisco speaking for the
bank delivered the following message, according Con-
gresham Swing:
He told the bankers there assembled they were
enabling the farmer to hold of his beyond har
would refuse to rediscount single piece Of TAKEN
such transaction He declared that all the farmers
REsERyE BANK WOULD % SorHiNs TOWARD aE1P
THEIR THE GRoP, NO MATTER WHAT THE CONDITION OF
One of the small-town bankers present. feeling a
pang regret debated of the farmers
asked Deputy Governor Day.
with yn Soa to Ss , we to mot an hs
to hold the until be taken by the market
Aoh," said Mr.. Day. "of course we will have to loan
until the market is ready for it"
Congressman Swing the only person present who
was not banker Deputy Governor Days message was
therefore, the confidential advice being Civ
by the federal bank guidance smaller
banks 1t reveals the determination of the
trolling the Federal Reserve System for the
potaon of the farmers and the workers and the enrich
ment of the middemen and big business nterests-La-
Dor, Washington, D. c.
NEW YORK'S Zoo now possesses living ornithorhyn-
paradoxus something called duck-billed platypus
This creaturea link connecting birds and animals-ha
bill like duck four legs and body like beaver It
lays and after they hached suckes young
like other mammal 1t is intensely
NAL and will be exhibited only one hour day. 1t is no
than w. j. Bryan will be after he looks at
it for little while and revses his views on evolution
Here's animal greatly admired by Darwn-a mammal
both ends and bird the where its eggs are
manufactured Explain that if you can Mr.. Bryan-Ar
thur Brisbane.
WHEN read that the President has ordered the
mines to be opened wondering just what effect it
will have. Surplus stocks of coal practically
ed and without saying that the operators quite
ready to go to work They would have opened weeks
ago if they could The Presidential nothing
to them and he knew it when he uttered other
hand the miners will likely refuse go work until
their contracts renewed and terms definitely settled
The order sounds like proclamation Executive
that should have rain in time of drought and will
have just about much effect
JUST as we are closing Composition for the week it
develops that Leslie Hubbard will be injected the
campaign the gang candidate Governor
1t announced that all the small fish will be driven
the political pond and the contest will
dictionaries for Hubbard and progressives Sweet That
will be quite satisfactory any other way. Either
Democrats must be elected Republican put in. Pro-
gressives not going to flop around much this year.
They know they want Sweet and will join any
one anywhere.
1T is encouraging thing that so many new MEM
bers being secured for the different Farm Bureaus
This organization formed destroy Nonpartisa
League 1t is rapidly becoming better League than the
old 1t is not question Of what organization is
formed 1t is solely question of getting the producers
organized Once in compact form farmers will grav-
tate to whatever action necessary protect their in
terests We said long ago that the Bureau would
disappont its organizers adhere to that view
EVERYBODY comedies that Mrs. Corum got out the
best patonzed and the best printed Cattlemens
ever issued in the entire tenyone years of its exist
ence lncIdentay she made it pay the Cattlemen better