Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-25
HOIDALE'S ADDRESS

HV1DALlL - ADDNlACO
Following the vaudeville perform
ance Saturday afternoon the last po-
litical speaker at the Pine county
fair, the Honorable Einar Hoidale Of
Minneapolis. candidate for congress-
man of the Democratic ticket, spoke
to a good sized crowd who stayed
throughout and listened attentively.
The address was largely on national
issues. The speaker was introduced
by DIR. F.. F. Callahan, of the Pokeg-
anna Sanatorium and chairman of the
Pine County Democratic Committee.
The doctor referred to the speaker Of
the day as being the best of Demo-
Gratis in Minnesota.
Looking over the exhibits at the
fair today we find there are good
hogs, cattle, chickens, and farm pro-
duce-just as good as four or ten
years ago. said Mr.. Hoidale. They
have the same intrinsic value as in
the past but not the same sale value
and that is what the farmer is inter-
ested in for he must buy groceries,
farm machinery. clothing, educate his
part of the picture created by Pro-
violence is all good. but man himself
has made a mess out of the part he
has played in dealing with the bless
ings which God has bestowed upon us.
Not single thing produced upon the
farm brings price above the cost of
production, and the result is that
the farmer is falling behind and if
he is not out of debt he is in danger
of losing all that he has.
Mr.. Legge's Work.
If everything went down in the
same way that farm prices have gone
down it would be all right but that
is not the situation. Mr.. Legge, presi-
dent of the International Harvester
Co., was appointed by Hoover to man.
age the Federal Farm Board. Under
his management prices went down
and down. Did Legge put down the
price of farm machinery? Not much.
Did taxes, interest rates, mortgages,
and insurance rates do down? No.
The situation became unbearable
and it is unbearable today, said Mr..
Hoidale. In Iowa and some other
states the farmers are organizing
strikes in their desperate efforts to
obtain relief. 1t is easy to understand
how they feel.
What has brought about this situa-
ton and what are we going to do
about it?
1t is easy to blame it all on the war,
but we are not simple enough to
swallow that kind of an excuse.
Some people blame it all on the
Hoover administration, but that is
not all true either. This trouble be-
came serious II years ago, shortly
after Harding was elected. And it
has been going from bad to worse
during the administrations of Cool
idge and Hoover until it has finally
come to the breaking point.
More Wealth Today.
There is as much money and gold
in the United States today as there
has ever been. There is as much
and more wealth in America than
there has even been before.
The farmer does not possess that
wealth. If he paid his debts and
mortgages today he would not have
a thing left. The ten millions of
unemployed do not have any of this
wealth.
We sometimes hear people say that
everybody has suffered alike and
that all fortunes have disappeared.
Don't be foolish. Our money and our
wealth has not sunk; neither has 1t
been burned. 1t is all here.
Let the government offer tax
exempt bond issue in the amount OF
two billion or five billion and inside
of "a hours it is many times over
subscribed. Cash, real cash, is pro-
duced to buy these bonds. And there
is plenty more waiting a chance to
grab a safe investment.
| Let the stock exchange show signs
of life and Immediately millions and
billions appear to take advantage OF
chance to win a stake.
Stock Market Optimism.
All of last week the papers told
us in big black letters across the
front page of sensational advance in
the price of stocks. Values had in.
creased by leaps and bounds to the
extent of millions untold.
If you will look at the farm mar.
ket report for the same week it shows