The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-10-03
DeflatiOn
Charged to
Democrats
Howell and Randall Discuss
Crime Of 1920" by Which
Thousands We're Made
Bankrupt.
Good Crowds Hear Talks
By y. &. POWELL.
siaf Correspondent The Omaha Bes,

siaH ,sffe.pondsnt The Omaha Bes,
ord, Nsh., Oct. g.--ispeelal TelC
gram l-'pld the democrats intention
ally deflats the currency IN lsg
through the democratic Federal Re-
serve board and ruin tens Of thou
sands ~ farmers because they scsnte,
republican victory and desired Il
put the republicans ln the hole7"
This was the question ". d. Howell
candidate for United States senator
nsksd ropd-sized and attentive audi
enees today ~ 81 Paul y0up CITY
- roada. Sarih Ioup and ord
charles ~, RHHdall. candidate fol
governor. accompanied AIR Howell
The ssnatoriut candidate declared
that this suspicion had entered biz
mind through words uaed by his op
panent In defense ~ the democratic
dcfati0n II 1920.
In defense Of this democratic de.
fatiun my opponent states that the
probability ~ the nation electlng a
republican national administration
that would come into power the FOL.
lowing March prompted the demo,
cratic Federal Reserve bonrd 10 bring
on the drastic dehatloH 10 IIne. 1920, %
Mr.. HoyelI said.
Conclusion j. Reasonable.
Could IL be that deaatlon was for
PARTISAN advantage? Were tens Of
thousands Of farmers throughout the
country heartlessly bankrupted in the
mere hope that the republican party,
should IL come into power. might be
held responsible?
Such a conclusion Is not unreason.
able IN view Of the fact that the demo.
Gratis are now charging the fatal de.
flation 0f 1920 20 the republicans
when. as the record shows. and as
every banker knows, the democratic
administration was solely responsible
therefor"
Mr. Randall, a keen business man
and a close student Of economics, also
dpelt tellingly on the democratic de.
flation. lie called IL the crime Of 1920
and quoted Abraham Lincoln who said
that any government which inflated
lts currency and then suddenly de.
flated II so as 10 bankrupt thousands
was guilty Of crime.
Rose 10 Emergency.
THE people know as well as / do
the terrible plight the republican ad.
0ninistration found itself in with this
democratic deflatlon on it, hands,
ME Randall said .But it was equal
10 the emergency II organized the
War Finance corporation and Nebras.
ka farmers alone We're recipients Of
$4,000 900 in loans IL oyercame the
bankruptcy Of thousands Of farmers
hut many had met their financial
Waterloo before the needed money
could reach them
Mr.. Randall was a member Of the
Nebraska board Of the War Finance
corporation which handled these loans.
Remarkable cordiality and enthusi.
asm met the candidates at all towns.
Al IT, Paul, Dr, j. j. Bisgard county
chairman, and F. II. HagEau took
charge Of the candidates.
J. = Webster. editor Of the st.
Paul PhonoErdph. was an interested
listener. Three weeks ago the How.
erd county fair held there proved
u be the third largest in the state
This year, according to Charles DAIRY,
secretary Of the fair
Arriving at Loup City, nesting in
the pretty Loup valley. at the noon
hour. The candidates. found 100 citi-
zeus who abandoned waiting dinners.
Mr. Howell and Mr. Randall talked
Tor an hour and a half and not a
I-an or woman left the opera house.
" /. Waite. county chairman. Rep.
resentatiye George w, Wolfe of Lilch-
field. Dr Mary A. X Hendrickson.
Harrison Line, candidate for county
attorney ard Judge Aaron Wall we're
IN charge Of the l.oup City meeting
Met by Nine Cars.
When the party reached point
five miles outside of the lively town
~ Arcadia they were halted by nine
automobile loads of Arcadia and
North Loup men and women and a
car filled with the Arcadia fife aud
srum eorps Mr. Howell and Mr.
Randall silshted from their cars and
climbed into the machine Of their mu,
tnal friend former state senator Nj
l. Fries who drove them into Ar
tada Senator Fuss introduced them
iH the reception PARTY at Arcadia
Vers Mrs Ffie. John Wall former
ehIsf clerk ~ the lower heHse u X.
Mat1 candidate taf state representa-
t1s e Q ReuemayrEs enaHf5 supsr
saF sam pruvr. William Ramsey
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Man and Nife charged
Nnh t.rate Rahhsfs