The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-12-14
Finance and Farming
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(By Martin Amorous.)
CONTINUED from last week.

for the of the people in their commerce on loans at
interest charge 1t inevitable regardless of whether
the charge 29 %, that all this money will return
to its of issue in varying periods of time and fin
ALLY in interest earnings alohe and, the people will still
owe the principal
This is more especially much of the loans
are only credit on which commerce pays interest in
ey-on money that does not exist Bear in mind nobody
MAKES money except the government and counterfeit
| ers. We GET money for labor produce, so we
only get money when somebody else parts with it.
| The Federal Reserve banks began business in 1915
with less than hundred million dollars capital; and
today their five billion dollars They
have gathered into their vaults nearly half of all the gold
in the world The Federal Reserve bank is today the
soundest financial institution in the world It's issues
of money accepted at par premium in most
tries of the world The soundness is due solely to the
limit of the products and of the people Of the
United States Specifically, most poole will say it is
due its gold holdings, but would have had the
gold had it been that labor produced cotton wheat
iron and other factory products that exchanged
for gold.
The living of all men require at least proportonate
balance in the exchange Of the services products of
each. For one group to exact than their share
of the current produce leaves all others to suffer and
want and does not benefit, physically the zone group
have lost all of proportion, confusion exists in
thought of remedy to restore the balance necessary to
equality of mans living unrest is prevelant Some ap
peal to the government to rehabtate Europe, others
increase tariffs Ito keep the European products out Of
this country Many demand the government reduce
taxation and others demand that all liquor in the country
be destroyed and that be hired to shoot and kill
who makes drinks liquor and then the rest of us
can live and be happy.
Some ask the government reduce freight rates. The
railroad ask that the pull down wages
| of labor The laboring asks wages and less
hours of work. Others want liberal credits and
less interest rates for the farmer.
Adopt, as law of the land, any of these RENE
dies? Adopt ALL OF THEM, and we will yet have in
equality of living. Disorder and unrest will remain
No one man., no group of men, are g, deliberately
efforts of all have been for better civilization TO build
great city, so might all be famous and to erect
a tower high that might walk up to heaven
We have arrived at "Babe" together. The people in
the Bible COMPOUNDED in language and today
are COMPOUNDED in thought AS whole are helpless
they Under command Of the Lord they separat
ed into groups and began ife work anewand succeed
ed-and multiplied their kind and that is why
here The life history of those people, after leaving
Babel, should give US hope and, really should all be
optimists All we need in this world is living, all
we have to do to get living is to labor for it, If Adam
without Clothes TOOLS steel pows bonds stocks or gold
earned living land he surely did would not be
mere today? why should we worry or have any unrest
about our living of tomorrow?
Work or labor must be universal, and on true laws of
nature climate, seasons and natural differ in
the various sections of this country the products
and contributions of men, to the living of the whole is
by natures laws, decentraliZed.
Let US group organized society groups of county
units We can thus better live within the lines of ma
lures laws, without disorder.
The maximum of labors reward and effort and volume
OF population Will shift from time tme-from county
to county Population industry set values of Land
Land the natural wealth of the world Real wealth is
the products that enter into the living of man. All are
acquired from land by labor.
Agriculture is the most important of all industry for
other industries The farmer should be aided and stmu
lated to realize the full measure of his harvest The
farmer does not need any preferential legislation He
does need permlsslve legislation to protect him reaz
ing the full measure of his harvest We all secure or
living through the share Of his products we receive for
the services we render him. Ia 1920 for the first time
IN history, the farmer failed to ving-not from
failure OF volume of produce, but from failure to-
receive profitable price for his products II was dre
to disorder in financing him in marketing his crop He
did his full duty to society in producing his crop The
balance of society failed to help him realize the fn
measure of his harvest.
, Commerce, the second system in political economy
controlling finance exaced too much toll for its share
of the farmers produce Hence, the economic condition
= of all the people is out Of balance
Previous to the world the capital and credit of
Europe aided IN marketing the factory and agricultural
credit Of Europe, and transferred all its capital to This
country, hence reversing the of commerce re-
curing in trade that instead of the consumer financing
{ the producer, the producer must finance the
consumer This we failed to do, hence, the stagnaton
in distribution and exchange of products and
defatlon OF values, to the loss of althis without any
overproducton of commodities needed by men,
This defation of values would have been harmless if
1t would have been uniform in all things for all men
For instance January 1920 the banker loaned +ba
farmer 5000 The farmer paid it out for supplies and
labor, and produced bale of cotton December 1920
the note was due and the value of the cotton debated
was $50 If the 5000 note also debated to $780, the
farmer would not have been hurt by defaton" On the
other hand if the financial group of society had taken
over the cotton of the farmer and maintained-whch
they could have donen the cotton, $500 in value this
country would have been saved the insolvency that
sued.
1t is essential for the prosperity ST. all the people that
the farmer be financed by the credit and money of this
government and realize profit his products. Money
and credit creation of all the people through the
government and u.s. therefore, within control
it for the equal living Of all the people, The wisdom of
congress can accomplish this.
The End