The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1924-02-01
CONTROL OF MONEY
WOULD REMEDY ILLS
ASSERTION OF SENATOR AN
DERSON IN TALK ON NEEDS
FOR NEW PARTY.

HOh NEW i AM L.
That the government should issue
and regulate currency to prevent in
fation of credit as a remedy for the
present situation of the farmers, was
asserted by Senator j. w. Anderson
of Richland county, in an address at
Union hall last night on the subject
of "Why a Farmer-LabOr Party?
Mr.. Anderson, in company with
Pat Budden of Great Falls is touring
the state of Montana in an effort to
stimulate interest in the Farmer-La-
Dor party. He will speak at the Uni
versity Congregational church this
evening at the open forum meeting,
says the Sunday Missoulian, publish
ed at Missoula.
Interest in the Famer-Labor par
ty movement throughout the state"
Mr.. Anderson said, "is closely allied
with economic conditions. All things
in history have been the result of
economic urge.
"This is not a revolutionary party"
Mr.. Anderson asserted.
Revolution Not Necessary.
81 for one, do not believe it will
be necessary to repeat one of those
bloody revolutions, even though his
tory does show that every great move
ment came as a result of revolution.
"Never before now have the com
mon people had the ballot, however,
so they were compelled to resort to
the sword"
Mr.. Anderson then went on to show
why he believed a Farmer-Labor par
ty to be necessary. He pointed out
that under the present system the
progressive candidates are scattered
through the different ballots so that
the voters became confused.
Our party would eliminate that
| point" Mr.. Anderson claimed.
Another point is that under the
present system, the primary election
is held in August, when the farmer
is threshing and cannot vote. Thus,
his candidate is eliminated from the
fight in the primary. If the Farmer
Labor ticket is entered in the field,
the candidates will De available for
the poll at the final elections.
"In foreign countries, there is one
labor party and one capitahStic par
ty. In this country there are two
capltaistic parties. What we hope
to do IS to force the two old parties
to combine and show what they real
ly stand for"
Mr.. Anderson then told of the con-
dltlons which exist and which have
led him to believe that something
should be done to remedy them. He
stated he had been told by many in
eastern Montana:
Old Order Is Reversed.
We have quit paying taxes and
interest We used to believe that to
be honest We paid the taxes first. the
banker next, and then if there was
anything left we would provide for
cur families. We have reversed that
procedure" This, Mr. Anderson said.
is because the farmers haven't got
the money to meet thier obligations.
The reason for the great panics.
Mr.. Anderson asserted, "is that there
is few who have control over cred
1T. That means the control over in
dustry, business, and even the mems
jobs.
by expansion of credit, you cheap
en- money, and by the defation of
credit you increase the valUe of the
dollar This power to cause infa-
ton and deflaticn lies in the hands
of the federal reserve board and the
advisory board
The expansion during the war
! sent prices up, with the effect that
the purchasing power of wages and
farmers products was reduced ma
terlally Money was easy to get and
the farmers loaded themselves up
heavily with mortgages.
Today the farmer is asked to nav
| back dollar fer dollar on his loans.
although the dollar he borrowed
would purchase only half as much as
the dollar he IS asked to repay.
Should Be Congress- Work.
say. congress should issue money
and FIX the value thereof and do awav
with tiuctuating currency"
Mr.. Anderson closed his address bv
stating the creed upon which he be-
heved. 1t is:
Il believe the railroads should be
run by the government, Just like the
postoiiices are, for service and not for
profit.
Il believe that all natural resour-
ces were put in the ground by God
fer the use of the people.
= believe that where human rights
and property rights clash, human
rights should be supreme.
Il believe the farmer and laborer
should develop a class consciousness
just as the bankers have. / do not
mean that they should hate one an
other, but that they should arise to