, 1922-01-31
WE DENY RESPONSIBILITY.

whsr william, Jennings Bryan asserts that there Is
n reaction against the Republican party, and that the
reaction is founded upon the condition OF the FARMERS
and that the farmers are blaming the party In power
for their present plight, he has as usual set his mouth
to going, and then went away and iett II y ore
of the missions of the Republican party to periodical
~ rescue the country from the results OF government
as administered by the Democratic party. 1t was what
the Republican party was created for, and some OF the
;obs we have fallen heir to have been sizable. Notably
In 1861, 1889, 1897 and 1921. We accomplished the
earlier ones and brought the country back to normal
prosperity and are now engaged In repairing the raw
ages which occurred 1913 to 1921. In due time we
shall accomplish the job.
while thus engaged we desire to call Mr.. Bryan's
prayerful attention to the annual number of the New
York Annalist. published by the New York Times, an
independent Democratic paper and noted for its re-
liable statistical information, he will find that the
slump in the wholesale prices Of food commodities be-
gan early in June, 1920. That was within a few
weeks after the Democratic administration had adopt
ed its new defation program as shown by the annual
report issued by Democratic officialdom. Early in
June. 1920, the index number indicating the relative
wholesale prices of food commodities stood at 329. BY
the middle Of February, 1921, before the Republican
administration had come into power, the average of
wholesale prices was indicated by the index number
1856. This was n drop of 144 points in a period of
about seven months. During the period from the mid
die Of February, 1921, to the end of December, 1921,
the drop in the index figure was from 1876 to 100, a
drop of 25 points, in 10 months.
These are figures from a Democratic source and
complied in accordance with a plan which the Times
adopted many years ago. The figures were not com
piled for political but for industrial purposes.
Furthermore, the official records will show that
Democratic policies adopted during the war were such
rs to limit the amount of profits a farmer could make,
whereas there was no limit placed upon the profits
that could be made by any other industry. After hav-
ing thus limited the profits of the farmer and at the
same time adopting policies which increased the rates
of wages the farmer must pay for his help and prices
he must pay for the commodities he must buy, the
Democratic administration adopted a policy which
made the farmer the first sufferer from the defation
plan which It adopted. The farmer was hit by the
Democratic administration in both its imitation and its
defation programs.
In addition to this, Mr.. Bryan win find In the re-
port of the Federal Reserve Board for 1920, then IN
der Democratic control, the information that in that
year farmers were borrowing from the banks more
heavily than ever before and were not only putting up
their agricultural security as collateral for loans, but,
this not being sufficient, were putting up their Liberty
bonds as well. That was many months before the Re-
publican administration was elected.
All of this is n matter of record and has been known
TO the farmers, north and south, east and west-the
grain growers, cattlemen, cotton producers and the
woolgrowers-at all stages of the proceedings.
Mr.. Bryan is not complimentary to these agricul-
tural producers, when he says the Republican party Is
responsible for the present predicament