Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-29
WE ARE FINANCING EUROPE

Editor Askov American:
See that there is move on by the
best minds to curtail still further ex-
penditures for disabled veterans, gov
eminent employees, etc. A person
would wonder what becomes of all
our money and resources that make
all this economy necessary, however,
on Investigation it is found what be-
comes of our credit diverted away
from American development. Ger
many was supposed to pay large rep
aration according to the Versailles
treaty to the allies, but this is the
actual fact, since the Dawes plan
Zone of the best minds) in 1924 Ger
many has paid out in PREPARATIONS
$2,35O, 100000 and has borrowed 49,
750,00O,000. In other words she has
borrowed $1,4OO, 100000 more than she
has paid in PREPARATION and further
more two-thirds of the amount bor
rQwed came from the United States,
while we got none of the reparation.
With this money Germany has de-
veloped her own country, paid her
own people doles and pensions. This
money with billions of dollars loaned
by our best minds to Russia, England,
France, Italy and other countries of
Europe represents the earnings of the
American people. Nobody but fool
believes that any but very small
part will ever be repaid. Every time
they run short of money they threaten
to turn red and our best minds hasten
to make another loan. A great move
is now under way to tighten our belts,
so further financing of Europe is pos
sible, and sill the people of Europe
do not elect our president and men,
bers of Congress. Congress meets in
December and the next election comes
in November 1892. Now is an oppor-
tune time to impress our representa-
ton that they are not representing
Europe and to put an end to this state
of affairs. Generally all private loans
to Europe are approved by our gov
eminent. All governmental loans and
agreements are approved by congress.
These issues will come up as soon as
congress convenes and our papers can
do no greater service than advertise
good and plenty, how our Senators
and Representatives vote on domestic
curtailment, and granting of further
credit and revision of our debts to
Europe.
In spite of our banks having I'M
limited funds, according to their own
statements, anybody knows how hard
1t is to get mortgage renewed or
any extension of credit, whatsoever.
According to the plan of our best
minds, all credit is to be diverted to
New York and the money centers, so
it can be used to finance Europe.
American property owners are being
forced off their property by delin-
quent taxes and mortgage foreclosures.
Our Farm Board, the work of our best
minds, has no solution being absolute
ly sterile as far as constructive ideas
are concerned. The best they can
think of, is such things as these: feed
wheat to the hogs" "plow up every
third row of cotton" "cut down pro-
duction and let the farms grow up in
quack grass and weeds" for the
farmers to move into the already
over-populated Cities" and many other
depraved ideas. But while all this
is going on the people in the cities
are actually in want of food due to
the fact that the money is taken out
of circulation and working men are
laid off and kept off the payroll. Just
how they are to buy anything to eat