Evening star., 1934-07-24
BORAH DEMANDS
MONOPOL|ESE END
Idahoan DenOunCeS Them
as Worst Enemies of
New Deal.
Ry the Associated Press.

BY the Associated Press
ST. ANTHONY, Idaho, July "a
Senator william E. Borah called for
destruction of monopoly today, de-
nouncing it as "the most inSidious
and most successful enemy of the new
deal"
F1inging down the gauntlet to de
tenders of monopoly" the Idaho Sem
ator told an annual Pioneer day au-
dience: They will have to fight in
the open"
His address bristled with epigrams
90. "Monopolies are economic Hitlers"
THE effect of monopoly is to de-
crease, If not to destroy, purchasing
power. THE farmer can never win
out on that basis" . Monopoly has
no more right to exist than any other
form of depreciation
Recovery Held Blocked.
He accused monopoly of blocking
the national recovery efforts, so that
the purchasing power of the farmer
and laborer have been but little in
creased, II at all.
"When discuss the question Of
monopoly" he said, "I am accused
of attacking the new deal" by critics
who are unwilling or unable to meet
the question presented"
do these people contend that
when a person attacks monopoly he
attacks the new deal?" he saked.
"Is monopoly and the new deal one
and the same thing?
zone of the announced purposes OF
the new deal, in fact, the basic pur-
pose, was to increase purchasing
power. The effect of monopoly is to
decrease, if not destroy, purchasing
power among the people.
Enemy of New Deal.
"The most insidious and most Sue
cessful enemy of the new deal, ac-
cording to its announced purposes,
is this power of vast combinations to
fix prices and to rake of all the gains
which may come to the farmers, the
producers or the laborers-
1.-THE defenders Of monopoly will
not be permitted to hide behind the
new deal. They will have to fight in
the open"
Declaring that purchasing power
must be restored to the great mass OF
people, the Senator said one OF the
things which stands most IN the way
of the restoration of purchasing pow
ers to the masses is monopoly, the
power to fix unjust and exhorbitant
prices"
After a heroic effort of months
upon the part of the Government, the
purchasing power of the farmers and
the purchasing power of the laborer
have been but little increased, If at
ALL" he said.
This is due to the fact that
monopoly is in position to raise the
prices of practically everything which
the laborers must buy and everything
the farmer must buy and everything
which the general consumer must
buy, and that is what is being done.
Price Rise Incommensurate.
Figures show conclusively that
while there has been some rise in
prices of farm commodities, in every
instance where that has taken place
the rise in the prices of things which
the farmer has to buy has far ex-
ceeded the rise in the price Of his
commodities
The farmer can never win out on
that basis.
This rise is not due to economic
forces, but is due in large measure,
if not wholly, to the arbitrary. arti-
flcial power of monopoly TO fix
prices.
1T is idle to say that you cannot
destroy monopoly. 1t is cowardly to
say itl Monopoly has no more right
to exist than any other form Of
depreciation.
MonopolieS are economic Hitlers.
There is no more reason why the
American people should bow to their
DEGREES than to the DEGREES Of Hitler.
The one in the end is just as destruc-
tive of the liberties and right Of the
people as the other.
Questions Value of Cuts.
What under heaven is to be gained
| by the farmer reducing his production
| if. after the reduction takes place. he
is still the manipulated victim Of
combines and monopohes?
Some things have been done de-
signed to help the producer and am
in full sympathy with those things.
But what ! object to Is leaving in
our industrial set-up this uncontrolled
power which literally manipulates
markets and fixes prices, practically
making 1t impossible for the producer
even to realize anything from the
Governments efforts or from his own