Askov American., 1933-07-27
FARMERS MUST
HAVE PRICES
At End of Borrowing, Says
John HI. Bosch of the HOl-
iday Association.
Cong. F. H. Shoemaker
Talks Against Federal
Economy Act.

After waiting for more than an
hour past the scheduled time for the
commencement of the speaking pro-
gram at the Farm Holiday picnic In
Robinson park at Pine City Sunday
afternoon, folks were greeted with
good talk by John H. Bosch OF Will
mar, state president of the associa-
ton. He was accorded close atten-
tion.
Mr.. Bosch stated that the fault OF
the economic system is profit. Farm
ers have not been paid in accordance
with their production. For this rea-
son they have borrowed and have
kept on borrowing until their bor-
rowing power was gone, and the FER
tility of the soil was also absorbed
for lack of proper care. Farmers In
America started in the New England
states, borrowed what they could
there, moved to New York, then Ohio
and Indiana, later the Northwest, and
lastly the Pacific coast states. II
they could borrow on the Pacific
ocean they likely would, said the
speaker.
The Holiday speaker delved into a
more thorough explanation OF proht'
adding that wealth gained without
working for it is the same as steal
ing, the result being the same. He
paid his respects to the board OF
trade and said that Morgan & Co.
are worth S2O, 900, 900 while Mellon
e. Co. are down for the neat sum OF
$12,OOO,OOO,OO0 The speaker also
cited figures on the wealth of the
country and the huge Indebtedness,
adding that 40 of the people own 900
of the wealth. The big fellows ma
nipulate the markets and currency.
Continuing, Mr.. Bosch said that the
masses are at the end of borrowing.
The flow of the farmers products to
market to a considerable degree gov
erns the price of the product. Not so
with the filling station where they
sell gasoline, or the bank where they
loan money out on interest. They
may have surplusses both places but
yet they control the price. They keep
the surplus and do not dish 1t out
below cost. That is where the work
of the Holiday Association comes in
SO far as the farmer is concerned.
Mortgage Holders Thankful.
The meat supply of the country is
but for Is days. The livestock should
have been withheld from the market
that length of time, said the speaker.
He went on to tell of the work the
Holiday Association did for the en-
actment of the state income tax and
how it finally resulted in big ma
jority vote for the measure in both
houses of the State Legislature. The
mortgage moratorium act was also
mentioned, and the speaker went on
to cite a few cases of which he had
come in personal contact, where the
farmers lost their homes through the
failure of small payments now though
they had made payments for years
up to the present. Mr.. Bosch said
that the Holiday Association makes
no apology for stopping some of those
mortgage foreclosure sales where JUS
tice was trampled, and now insur-
ance companies who hold farm mort
cages are thanking officers of the
association for taking the lead in
stopping some of the mortgage fore
closure sales.
Not since 1916 and 1917 have
farmers received interest on their in
vestment, said the speaker, and the
mortgage law which gave undue pro
lection to the mortgage holder had te
be broken in some cases in order thai
Justice be meted out and that homes
be saved to some falks who haC
labored a lifetime to build same. The
statute law must not violate the Tel
Commandments. 1t must not inter.
fere with the moral law, the law o.
God, the supreme law. In this move
ment folks must be interested be-
cause it is right, not for selfish rea
sons but for humanity.
Congressman Speaks.
Congressman F. H. Shoemakel
spoke in place of Congressman Mag
nus Johnson. The fighting congress
man who was recently given full ant
unconditional pardon by Preslden
Roosevelt for the purpose Of restorin,
his civil rights had spoken earlier II
the afternoon in st. Louis county ant
following the Pine City meeting, to
gether with Mrs. Shoemaker jour
neyed on to Wayzata where he wa
to speak in the evening.
Mr.. Shoemaker entertained his Pin,
county audience with considerabl,
humor, having the reputation of be
ing good show man, and he also de
livered some political dynamite. H
makes no bones" about having serve,
time in the federal prison at Leaven
worth, Kansas, for his writings ant
verbal utterances in past politica