Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-29
MINNESOTA ON RIGHT TRACK
Editor Askov Americans:


Although no longer a resident of
your state l am following your state
politics with more interest than ever.
Minnesota is to be congratulated in
being the leading state in bringing
about third party. The fact that it
is a new party naturally will carry
with it a greater burden, to be carried
by officers elected, and consequently
more responsibility.
1t took real Politicians to lead the
state into the deplorable conditions
which now exist. 1t will require real
statesmen to lead it to better future.
Here is hoping that the Farmer-Labor
party has elected good men. And fur
Their, that the good citizens of Mime
sofa realize that their responsibility
does not cease with the closing of the
polls, ON election evening.
Without doubt mistakes will be
made by the new administration, but
we should not forget that there is
wide difference between mistakes and
the willful acts of plumber, which we
have been familiar with during the
past. Kindly allow me to voice the
following opinion in your opinion of
others" column:
The Proposed Moratorium on
Farm Loans.
According to our newspapers of the
South. There has been move started
which proposes moratorium on farm
loans, to the farmers of the North
west. That sounds very good. How
ever l have always found the effect of
a quinine tablet to be the same,
whether it was sugar coated or not.
To be sure the sugar coated is more
pleasant to take. The proposed mora
forum appears just that much to me.
It's got the sugar coating. 1t may
also make some of the farmers believe
that the present plight of the farmers
is all due to drouth, grasshoppers, low
prices, etc. It's my opinion that the
excessive rate of interest is the great
est evil that confronts the farmer.
We have already been given such
aid as the Federal Land Bank, State
termediate Credit Bank were able to
extend to us. And while it cannot be
denied but what they have been mis-
used by certain interests unloading
their undesirable loans on them, they
have, to a great extent, served the
The result has been that the two first
named institutions have acquired
large number of farms, which now
prove to be a liability in place of an
asset. Certainly there must be rea-
son for this. We are the richest ma
of approximately one-half of the
worlds gold supply. And said to
have more natural resources within
our boundaries than any other nation,
except one. And yet we are suffering
from disease called depression"
Eventually it may be called noble
experiment.
So far our government has not given
any special privileges to the farmers.
The following have gladly accepted
all, and howl for still more. Industry
got all of the Hawley-Smoot Agricul-
tural tariff bill. The railroads have
been getting "a reasonable return on
investment including watered stock.
The desirable banks get theirs
through the Federal Reserve Bank,
while electric, telegraph, telephone,
and insurance companies all get theirs
through rates fixed by state or federal
governments. So much for our own
country. Why not take look at our
generosity towards Germany and our
Allies during the war.
During the war billions of dollars
were loaned to our allies. Following
the war more billions in gold were
dumped into Germany, France, Eng
Land, etc. A few years after the war
those nations simply told the United
States that they were unable to pay