The commercial. (Union City, Tenn.) 190?-193?, 1922-01-13
Wall Street Alarmed.

Senator Porter j. McCumber, o
North Dakota, who succeeds Senate
Boise Penrose, chairman of the Sen
ate Finance Committee, since thu
death of Senator Penrose, is causing
the financial world to throw fits. HI
is farmer and the farmer is ranl
poison to Wall street.
"The American market" says Mr.
McCumber, belongs of right to the
American farmer, to the exclusion Of
every other farmer On earth, until
farming, taken one year with an
other, is made just as profitable
measured with the labor expended
as any other great industry in the
country" Prosperous farmers, he
contends, are just as essential as
prosperous steel barons or motor
magnates.
The whole American industrial
system is as rotten as Hades. The
fact that the farmer is held down by
the weight of an improbable mar
ket, while the commission men and
spectators get their margins of one
hundred to five hundred per cent on
his produce is brief that brands the
system in the eyes of justice.
The cloud which now threatens
fbo Dn1itioa1 bor;,oo ;c H. fou,,, -,
bloc, and, from the Wall street view,
it is the irony of circumstances which
recognizes the right of farmer at
the head of national finances.
Like bonds of steel, the financial
and industrial ups of the country
have been organi ] to the exclusion
of the farmer and in direct opposition
ito his interests. These groups have
preyed on the farmer until he is in
debt to every insurance company and
farm loan organization in the coun-
try. They have fattened on the agri-
cultural industry. This state of af-
fairs has been brought on gradually
by the process set forth. Up to this
time the laboring classes also had the
doors closed against them. But now
they are in the deal and it is the
world against the farmer No one
is blind to the fact that the real, |
practical farmer is leaving the farm.
They are going to the towns and |
leaving the farm in the hands of |
choppers and renters. agents and 9TH
ers who are in noWise prepared for |
the responsibilities of maintaining
the agricultural standards of the
country. They are leaving the farm,
in many cases, to the ravages of
storms and trespass, to all the ele-
ments of deterioration.
The farmer, in spite of all these
things, is going to town. They are
going to town because there is no
money in farming. They are going
to town because the once proud dis
.inction of rural independence and
is a thing of the past.
Fhe farmer is going to town, the res
dents of the small towns are going
o larger towns and this false idea of
'rogress and evolution is every day
aking place, which must sooner or
ater result in disaster The cities
re inviting and receiving more pop
lation on the theory that it is the
logan of progress and prosperity
he drift is from the country to
)wn, from the small town to the
Lrge town and from the large town
!, the city. OF course there is a !
stinction in the normal growth of s
le native American people. But the
creases made from the farm and )
q from alien population is false
With Aa false prosperity as far as
coneerned, and it must
n can have "a the economy
- for what ( ,dustry .
Insteaa hand of fate $
drink. ~ financial 0
aal health - or NC t
henf today 8 r
q restaurant WIZ
ZONES in twql