The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1932-10-14

the life of the nation as the peo-
pies of Europe and ought to be
treated as good. = = = If you fel-
lows haven't got the courage to
get up and strike against such a
condition, you haven't got the man
hood l think you have" he said.
He told the farmers that they
would never pay their mortgages
until the price of dollars came down
and the price of wheat came up.
Price Regulation
Speaking of the assistance given
the railroads, he said such a thing
was considered socalistic when
asked for by farmers. He added
that if such socialistic practice
was good for the railroads, per
haps it would also be good for the
farmers. He cited the state regu-
lation of prices that has been in
effect and working successfully in
Oklahoma for IA or Is years. This
price regulation applies to several
public utilities, to the ginning OF
cotton, manufacture of ice and 9th
err things. The price fixed in each
case is based on cost of production
plus interest on investment. 1t is
this sort of price regulation that
A. Uto,o,orc TTuiop acEc tho pOV-
eminent to put into effect with re-
gard to wheat and other agricul-
tural commodities. I'VE don't want
the government to buy and sell
wheat, we want them to license
buyers and say how much they
shall pay" He spoke of the price
fixing for wheat during 1917 and
1918 when "a democrat food adj
ministrator" fixed the price, nam
ing what could be considered a
minimum. Julius Barnes, big grain
operator, then made a maximum
out of Hoover's minimum, and
wheat was sold for So cents a bush
ell less than the cost of production
according to government cost find
ing. In 1919. when the minimum
was set at 1925 the price went up
TO $500 a bushel. If the govern
ment can fix the price for wheat,
it can fix the price of every other
major commodity. Ever since the
wal the governments of Europe.
through a licensing system, have
been guaranteeing a price to farm
ers based on cost of production.
In France last year the price was
S1.S5 a bushel on a minimum a
few cents less, in Germany the
price was S1.8S on a minimum of
$3.50. "If those heather countries
can do that for their farmers,
what's the reason the most enlight-
ened country in the world can't
do it for hers?"
The Farm Union plan for hand
ling the wheat situation would be
to base a fixed price on the normal
annual national consumption, $780,
900, 900 bushels, and put the rest
on the market at the Liverpool
price.
He charged that the tariff did
not protect the farmer, and that
for every tariff dollar received by
the farmer, the big manufacturer
received $500.
He discussed the bonus army in
Washington, and said that they
were we'll behaved, better behaved
than would have been expected of
other similar group of that
size, $4,000 when the army was at
it's height. He said that Hoover re-
fused to even meet a committee
representing this army to talk
over.
Mr.. Simpson mentioned the fact
that Andrew Mellon, worth 2R
dollars in his own name,
and with more than 10 billion in
the Mellon family, took a $4,000
job as secretary Of the treasury,
but that while Mellon was in Of
flee he got refunds of taxes paid
back as far as 1917 by himself and
and these refunds amount
ed to 100 million dollars.
He spoke of money az a crop
and said that the bigger you make
a crop of money, the less the dol
lar will buy. He deplored the fact
that the power of controlling the
crop of money has passed from
Congress into the hands of a few
bankers.
Third Party Can't Win
Near the close of his address
Mr.. Simpson touched on the politl-
cal situation and c~ontrasted the rec
ord Of the two major presidential
candidates with regard to their
American records. He said that no
third party has a chance to win
because there are so many third
parties, each with it's own plan OF
salvation. He said that the money
plan of the Liberty party is better
han that of either the republican