The Duluth rip-saw. [volume] (Duluth, Minn.) 1917-19??, 1923-07-14

MI the chosen candidate Of
the farmer-la labor party
,s@ Of the peerless state Of
Minnesota, to succeed the late
Knute Nelson in the u. S. Sem
ate. Some Of the things which
Mr.. Johnson believes and for
which he stands are plainly and
convincingly told by him as
follows, viz:
LEGISLATIVE EXPERT
ENCE.-"My experience in
the state legislature taught me
that the most important part
of the English language for a
lawmaker is the little words
yes and no. Senator KEEL
logg, for instance, with all his
training and alleged fitness
for the office, never knew
. when to say yes at the right
time and mo- at the right
time.
"There is hardly q farmer
in this audience, even though
they have not had as much
experience in such things as I
have, who would not have said
mo- to Newberryisn, mo- to the
ship subsidy, no to repeal Of
the excess profits tax, mo- to
lowering taxes on millionaire
incomes, no. to turning back
: the railroads. to private man
agement withia guaranty Of
earnings before we had passed
through the 5 reconstruction
period. But Kellogg said yes
to all such things, and my
present opponent supported
him. His hackers think they
are going to land another man
who will say yes and mo- as
Kellogg did in the United
States senate! A Kellogg is
bad enough, but is not a Kel-
logg disguised as a socialist
even worse?
INITIATION. Under in
flation every person and pa
per these politicians could
command urged you to pro-,
duce more, borrow more at
the bank and keep your
mouths shut about how hard
it was to, make ends meet on
the war prices allowed you.
Beyond your own good judy
ment you were urged to make
loans and then more loans and
your patriotism was ques-
toned unless you did. If war
prices had kept up, the farm
ers might have succeeded in
paying off some Of these debts.
But about the time farmers
were squared away to begin
paying up, these politicians
decided that deflation would
be just the thing for you.
War profiteers got their prof
its. out of the war; the farm
ers got theirs in mortgages.
Deflation means that farmers
would be called on to pay up
all these mortgages and loans
and it meant that prices of
farm products would be cut
in two. It meant that country.
bankers who had borrowed
from the East and country
business men would be about
as badly off as the farmers.
Yet neither Kellogg nor Preus
ever said q word about the
policy.
DEFLATI0N. say pol
icy because deflation was not
q natural calamity like an
eruption of violence or q
plague Of grasshoppers. It was
made by and for certain in
terests. The federal reserve
board had three courses open
3 to it in early. 1920. It could
continue to- initiate by being.
more liberal with re-discounts.
It could definite by drastic
calling in Of sach loans. Or it
could keep business on an even
keel. Il obese the second
/. method because the large fl
nanciers could get the prop
erty Of debtors at half price.
BY debtors, ! mean farmers
and business men who must
borrow at banks to carry on
their business. The man who.
had ready money to use prof
tied by deflation. The man
who had goods to sell or had
only his own labor, got half
as much for them.
REASONS FOR SUPPORT
III for no other reason, !
believe the people Of Mime
sofa should elect me 10 the