The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-03-05
Redwood Falls Has the Man

Redwood Falls Has the Man
THE Rural Credits Bureau of the State
of Minnesota has been subjected to much
criticism in the past and check-up Of
conditions in the department is being made at
the present time. Governor Olson has ordered
the Bureau to appTaise the farms on which it
has foreclosed and sell them which would
- mean placing 1875 farms on the market at
this time.
y 1t seems to that the Rural Credit Bur-
eau is in need of men of ability and of peculiar
fitness to manage it's affairs at this time and
we should like to suggest to Governor Olson
the of man residing in Redwood coun-
ty, who is especially well qualified for that po-
sition.
J. R. Keefe of Redwood Falls is the man.
He is engaged in the real estate business and,
in spite of the depression, in spite of the low
market prices, and inspite of everything, he
goes right on selling farms week in and week
out. He is is not only good salesman but he
is good Judge of land values and thorough
business man. He served in the legislature
and knows the needs and conditions Of Mime
sofa well any in the state, and
above all, he knows how to accomplish things.
With like Joe Keefe directing and
aging the Rural Credits Bureau, that organ
izaton could be made to function in the inter-
est of the state and to the lasting benefit of
the people,
bring into the public service in SYM
pathy and accord with the state admnistra-
ton, since his influence and support went to
Governor Olson in the late campaign. Men of
his ability and special qualification for this
position needed by the state in this office
and it is hoped that if Mr.. Keefe should make
application for the office, careful consideration
will be given to the same-Ovia Times.
Whether Mr.. Keefe makes application for the job
not we are fully in accord with the erudite jim,
Landy and the above statement. Mr.. Keefe would be
great help to the board which has been criticized so
severely.
Rise and Fall in Business
CHERE is sheepish trait in mankind that finan-
cal experts and economic specialists seemed to
have ignored in analysing the troubles and caus-
of the rise and fall of business In diagnosing the
depression they have observed mecuously the prices
statistics, and money values, but apparently have
sighted important factor relative business
roses and that is man.
Man, collectively speaking, has proclivity to-
ward mass action. For over a period of years the
public is buying mad' and with increased momentum,
buy until it exceeds itself. The immediate reaction is
to curta buying to bare necessities This part of the
economic circle is the "arc of depression"
With only sellers in the market because of re-
strained purchases nothing has value The consumer
sees that each time he makes purchase he gets a
or
only the absolutely necessary.
The merchant observes the action of the consumer
therefore he refuses to buy stock Manufacturer feels
like reaction and cuts down production. The pro-
ducer of materials the farmer, stocraiser MINER
notes the decreased demands and with the pilng up
of goods the prices tumbing down. The idle
workman ceases to be consumer.
The remedy is in the violence of the crisis. Prices
have fallen low that few of the courageous specula
tors reappear buyers and the upward trend in prices
begins. Now the mad rush starts by buying to profit
while prices low. Everyone thinks if he waits he
will miss the favorable moment
In this panic prices loom upward rapidly. The work.
man returns to his job The public still buys more
than needs, seeking to put in supply Of goods be-
fore prices become too high Manufacturers increase
production. There is little unemployment. People
earn good living The government in power is pras-
ed The old regulars in office are reelected
The public has exhausted its savings, and on the
of speculation buys credit. Prices have risen
beyond level warranted by supply of money. Gold
runs short. With too much buying and too great a
production stocks of goods begin piling up.
Inevitably the break comes Prices go over the
precipice Now everybody wants to sell, and no one
wishes to buy Depression has set in. The government
is blamed Candidates for reelection are defeated,
and replaced with men, And this goes on until
the crisis is reached and then starts the old climb
which ends up with running the precipice.
History records that there were depressons in 1819
1885, 1S4S, 1857, 1863, 1873, 1884, 1887 1885, 1903
1907 1914, 1921, and 19291930. The average length
Of these thirteen depression periods was fourteen
months. And as Andre Mauros said, in regard to
business cycles, "what tragi-comedy."