Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-12-31

the property OF Connecticut. Con-
necticut also reported more income
than the states Of Oklahoma, Kan.
sas, Nebraska, North Dakota, South
Dakota, Montana and Wyoming.
The state of Pennsylvania re-
ported nearly as much income as all
Of the states west of the Mississippi
less California.
The state Of New York reported
$3.50 of the income of the United
States, while the valuation Of the
state of New York is 10 " % Of the
valuation of the United States. Four
states reported $3.50 of the income
valuation of the property of these
four states is 30eo of the total val
uation of the property of the United
J States"
There is additional and further
proof, which is irrefutable, that the
! centralized centers of autocratic
wealth have enjoyed the income OF
the nation at the expense of the
|
sands of local communities. The
bank deposits of the United States
between December, 1925. and De
cember, 1880, increased IL billion
dollars, or II percent. During this
same period of time, 5000 local
banks closed their DOORS Propa.
ganda tells us that slow paper and
frozen assets closed these banks
This is truth only half told Every
bank which closed it's doors also
suffered from shrunken deposits
Every one of these 5000 loca
banks suffered decreased deposits
which contributed to the closing OF
their doors. They suffered these
decreased deposits during time
when the deposits of the nation en-
joyed a material increase. The in
crease was to be found only in the
large centralized banks. Scarcely
a county can be found in the 81
western and southern states where
the combined bank deposits of De
cember, $780, equaled the de-
poSltS of December, 1925.
1t must be remembered that the
great mass Of people in these ia
vored industrial states did not en-
joy this boundless prosperity. The
industrial and financial chieftains
were the beneficiary Of this income
| These autocrats of wealth, con
trolling the industry of the nation
:; have made science curse to man
kind, while it should have been a
| blessing from God to man. God in
J spired the brain of men to invent
great labor-saving machines, which
should have been used to lift toll
from the back of mankind. Auto
cratic greed used them to increase
dividends by decreasing payrolis
The welfare of humanity and of the
nation required that they should
have been used to shorten the hours
of employment rather than lessen
ing the number of employees. This
situation is responsible for count
less thousands of men being thrown
out of employment, who are now
hitch hiking upon the roads Of
America These men out of en-
ployment are unable to buy the
food produced by the farms Of
America This has created under
consumption.
This excessive income of the in
dustrial states of the east and of
the northeast and the closing of g.
600 local banks while the bank de-
posits of the nation were increasing
constitute proof conclusive that
there is economic discrimination
against the raw products of agricul-
ture, oil, coal, lead, copper, silver,
and lumber, and in favor of the
manufacturing industry. T h S
means economic discrimination in
favor of the few eastern and north
eastern manufacturing states and
against the 80 states of the south
and Of the west. These manufac-
turing states and the manufacturing
industry are controlling and DOM
mating government and politics.
There is political and governmental!
discrimination as well as economic
discrimination in favor of the man
ufacturing industry and its small
section of the country and against
the raw products and their section
of the country comprising 80 west
ern and southern states. This dis
elimination is particularly to be
found against the Rocky Mountain
states and the states Of the Mis-
sissippi valley. 1t is the imperative
preservation and self defense, the
southern and midwestern states
of the Mississippi valley and the
states of the Rocky Mountain re-
gion should band themselves to-
gether in political and economic Or
ganizations Each of these states
might well have strong chamber
of commerce. These state chambers
of commerce should be federated
together in a southern, midwestern
In this way, they could outline their
political and economic programs.
They would be of sufficient force to
demand their political and eco
nomic rights. In such a political
and commercial organization, they
will be strong enough to tear down
the discrimination which now ex-
lists against them.
Cotton and wheat are both in dis
tress, they are in distress for
basically the same common rea-
sons. They would be much strong
er working together than they are