The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-06-22

WHO MAKES THE LAWS.

EE&#S ~ ~ &tAN - Eli SASE<
iii gram grading att Chicago, for eS-
ample, hy tax is unconstitutional and
an interference by the federal govern
naent, with the police powers af the
state, says the Supreme Court. The
same cours likewise decides TIA Ton
i state TO enact law to protect the
producers through 4 state grain q adj
ing law aimed against abuses in the
grading, weighing and docking al
wheat as delivered by the farmers at
the local elevator within the state is
unconstitutional, as an interference
by the state with federal authority,
that it, the grain in the farmers wag-
on as it approaches the country ele-
vator is in Interstate commerce and
cannot be i~nterferred with by the
state IN order to protect the farmer
from well recognized abuses that
have been practiced for a quarter OF
q century and over which the feSe-ai
authorities have never attempted to
exercise authority so as to afford the
farmer relief. This leads many critics
of the courts to ask whether our
laws are made by Congress OIL by TIE
United States Supreme Court"
e FARMING VS.. BANKING
Land values i'm this country rom
1910 to 1920 increased II per >ent,
much of which increase was spe uia-
tive but mortgages against farm
lands for the same period Increased
SS.6 per cent and mortgages muSs be
paid regardless of land values In 9th
en- words, for each 500 a farmer had
invested in his farm in 1910 there was
rtgage of $3.50 but IN n fos
each 500 invested i'm q farm here
was outstanding a mortgage OF ST.
so. At this rate of increase how 'ong
will it be before the farmers become
bankrupt and the farmers on tenant
farms reduced to serfdoms Can
America afford to allow this ccndi-
ton to continue? 1t vas the states
man, John C. Calhoun, who said:
place the money power in the
hands OF a combination OF a few In
dividuals and they, by expanding or
contracting currency, may raise or
sink prices at pleasure, and b. pur-
chasing when II the greatest e. ssres-
sion and selling at the create ele-
walton may command the who!c 5ros-
perit,r and industry OF the Is lun-
ity and control its fiscal opeCCtl rs"
This very thing Congress did Vhen
IL authorized the establishment - OH
present Federal Reserve $. >tS~ M
permitted it to be operated UNI : its
=. eSert management and TO j! late
and debate the currency and edit
money at will. First, the bureau rat
&c administration with the oegE hing
Of the va permitted Of RAPID fla
ton Of credit money followed b. ,-ras-
tic deflarion SO carried out as TO orce
first Of all the former TO sell his rod
ucts way below cost o. prodr@ non,
thus destroying the farmers : hItE
to meet MS obligations contracted
when initiation did noI wipe on re-
Gently contracted debt One prom ,1ent
banker is reported TO have said,
"when the war Is e We viii p the
farmer where he belongs" We q
bear in mind that a debt can o~.y be
Debated by paying it Off. II The dol
lar is to be made twice a va liable
by deflation of the available credit
then they have doubled there: the
farmers debt and It will take vice
as many steers or bushels OF wheat
- +hr% I0n~
That is just the condition r light
about by the system OF d~eflat5o7 and
drastic deflation adopted by the Fed
eral Reserve Board. Who profile cred,
the farmer or the big banker? Don't
confuse the little country service
banker with the speculative, indnstri-
al, manipulating banker and financier
who unwittingly is wrecking A11eri-
can industries.