The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-02-06

@z1zE--11E xx5lE2lE4-
in relation to months and years. u
irregular crooked line across q pag
showing the rise and fall Of prices
That's technology.
The department should be discon
tinued because as soon as they ha'
& chart made that had cost US a mil
lion cash then the speculative mar
ket would have a bearish or bullisl
movement unauthorized by the de
partment of technology and thei
graphs would be useless; but the de
APARTMENT was on salary and thel
would make another.
Now don't get technology and tech
nocracy mixed. The latter Is the sci
entific charting OF both the rise ant
fall of commodity values but ais
the money values. If the world hat
stayed on the gold standard tina
would have left nearly q straight
mark across the chart but the res
of the worlds money went mad ant
that chart has had the Saint Vitu'
dance and is like the graphs OF com
modities, it can't be fixed by science
because the government has no con.
troll.
The board which governs the fed.
eral reserve banks can and ha!
jumped the rediscount rate up and
down and upset all scientific calcu-
lation.
Now democracy is all right, sound
and sensible. Until we can control
both the commodity values and the
money so that both these lines run
parallel or nearly so across the page;
until then repeat, we will not bal
ance our state or national budgets
and any get-rich- quick-painless pro-
cess is no better than q shot in the
arm of morphine or coke. OF course
we will miss the pleasant dreams.
will give you four reasons why the
farmer won't part with his wheat ia
help Mr.. Dale fix up his budget.
I. 1t would be only temporary and
would drive out sound money; leave
a headache next morning.
g. A farmer sells a 100 bushel load
Of wheat for $500, pays $500 on his
taxes and gets $500 worth of GER
tificates. He can't dispose Of them
because his neighbor has beat him
TO it and the small town merchant
tells him Il have $1,000 worth
bought of Bill and that's all I can
get rid of this month. As fast as ]
get rid Of 100 to the garage man he
passes it back on me and the whole
saler won't take them.
lone load of 100 bu. wheat would
glut the market in any of these small
towns forever and the other farmers
who were so dumb, could hold their
certificates and then would never &C.
quire the stamp required to redeem
3. If ten from every community
hauled in 100 bushels apiece the price
would go from 80 to Is cents and
the farmers would hold the sack
Mr.. Dale would no doubt be re.
elected because Mr.. Dale points out
in analysis: 1T will not create q sur
plus Of wheat because each bushe,
Is sold at the time Of transaction
and is not held in storage" This 1.
copy Of his mo. 4" In his message
What wheat is on the farm is no.
surplus because its exact amount
IS not known or whether 1t win b<
used for feed or seed or held ovel
but, Mr.. Dale, as soon as 1t is sold ane
on the market costing someone 1c PEI
bushel per month, 1t is q part Of tn
present surplus and does bear dow1
the price.
4. The farmer must hold hi
wheat until the price equals the com
modify price ''technocracy' or IL
other words he must barter his whea
tor shoes. clothes, schooling, gas, oil
| salt and hang on tight. It's q lonl
time until another fall. He did no
put that bond burden on his back
You fellows did that to him.
What is Mr.. Dale or the present
legislature worrying about the inter.
est on those Oh bonds for? VIII,
send good money after bad?. Wait
It's all got to be settled as to tn,
farmers debts and his ability to pay
Why IS the state any better than tn
individual? Sure, I used to issue an.
| ticipation certificates, we all did
That Is We mortgaged our next year.
crop to pay on this years lien, etc
But go ahead, sell more bonds II 70,
can find fool to buy them. It's al
right by us. When I can't pay ,
hired man let him go. Perhaps
am foolish. But go ahead and keel
up all the overhead you can II tho,
will take scrip or warrants. That
their lookout.
have for years thought that
would like to see one thing tried Out
namely have the legislature lease tn
agricultural college farm, buildings
stock, etc, for what my taxes ar
for instance. Give these same profes
sors the chance after all these year
at q good salary to make good. Tha
is run that plant.
Close the school. We don't need t
know any more about farming. w
raise too much now.
The only time in the ~ years
have expected I was going to be ben
Gifted by that agricultural college wa
when they got that Kota wheat ou
They did not try it out long enough
but right away got in q huddle, hire
an advertising agent and sold It
us fool farmers for $3.50 per bushe
The loss to US would pay the intere.
on those Bank Of North Dakot
bonds. Well, 60 ahead. Hire ther
again. Pay them with what 70
please, but do hope the present leg
islature will divert all available cas-
and enlarge that home for the teebl
minded. We are going to need mo,
room there before this muddle Is owe
l Now we will give our state treasure
counter proposition. We pay OF
taxes in kind as the Russian govern
ment Is doing. Allow US cost for OF
wheat. That would not take long
work out q plan that would not CO
much If any. First have our legisli
ture petition congress to put IN en-
barge on imports Of wheat and whe'
! products. Then someone move TO r
iect allotment plan and not act on
at once.
That allotment plan Is not what '
> j e. AvaA ~