The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1924-01-25
BACK TO NORMALLY

A few closed at CubertSOn, one oil
them bank reopened after having been closed about
years ago leaving that without bank and throwing all
Everywhere one hears and reads about the banks the
going the wall and the wall of the depOsors fills the
whole land.
Banks close reopen appear do business usual but
suddenly close up again. carrying with them new bunch OF de-
postors
What is the cause of this financial panic?
Where is the normally promised by the republican party
when they went into power nearly four years ago.
Certainly experienced nOlmalcy IN the
northwest the past years. the other hand have
experienced the reverse
The republican party four years in fearful voice tod
Democrats had ruined the country and how the he
pubicans would bring normally the people and full dinner
pail Today we are experiencing the effects of Republican ad
mnation with its panic and hunger and bankruptcy YesteI
dav it was the Democrats with the same results.
No hopes for be expected from the two old
paries-tey merely struggle between individuals Tor public
Office with practically difference in principle they are both the
property the capitalist whom they serve at every opportunity
The Northwest in the roes Of a panc-the result
of dehaton policy instituted by the Federal Reserve Bank and
which deaaton thrown the Northwest into bankruptcy
capitals control the policy OF the Federal Reserve
Bank
Republican and Democratic congressman have been plead
ed something to aid the present situation but the rat
boys nay and is The only response is that the farm
err to blame for poverty and he is not nearly bad OIL
reported and the banks crack and crumbe along with the
farmers and business
It's not difficult to see why banks failing and why they
will continue fail if things not remeded soon, when one
takes trip through the country Everywhere one finds what
soil going the state from whence it came The former
owners have left to make their living elsewhere
Why?
Because they refused longer to be a slave to the
rate of interest they they could and after
having for years starved themselves and their families
cities towns of the east and far west where
they still lived without working Is hours day and had at thu
end of the year they did the farmnOthng.
the result of the leaving of these great eXpanse
of territory made up of hundreds of farms?
The land is going to bankers who at time though
they fine investment which to live off another man
the shers sales in the newspapers OF the north
west will show where the farms going
But a without a tenant is rather expensive PROPOSE
ton The interest stops when the oer leaves but the taxes @
right the money loaned from the eastern bankers by tn
small banks with which to loan the money on these de
serted farms does not cease to draw interest
AS the conditions become acute in the bank the dc
posors money be used to take OF the demands
the eastern bank until day when depostor comes into tn
draw he is told that because OF certain cor
arising they have not the cash today The end is the
the story gets out and the sign appears upon tn
closed and the curtains drawn while the banking dc
partment goes the books.
This condition is still prevailing throughout the NorhWes
and will continue prevail until the farmer receives for his
what costs produce them and fair profit The countr
continue to be in bankrupt condition as long as the fame
has to pay prices for everything he buys and receives de
ate price the things he has to sell and all this bunk abor
Investigation other fake schemes will not alter this fact
It is foragone conclusion that with the farmers faln
one by the banks and other business concerns going
follow wake. We try to kid ourselves into thinkn
otherwise this country depends the prosperity Of the farm
err and when he fails the whole country fails with him.
But of course after seeing the results of the rulers of til
Deocre and Republican parties few socaed bushes
men will again get and "hooay for Coolidge oth
GOOD Republican shout himself 'hOarse for the good O
Democratic party.
But the rank and file of the people who toll and produ
have had enough they going vote for the party that
for their rights rights of the people, They
going to vote the ticket and let the expoiter g
between themselves on the two old party tickets