The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1935-02-08

times. !
We would soon be around the corner if we put limit
" wealth million dollars is enough for anybody! Il
interest should be taken out of money the government
% own all the banks, Loan money out for full security
Taxation should be a net income everybody paid
according to their ability
Before we again into discussion Of these resol
IONS there is correction to make We did not brand
the above resolutions flake but did state that they
tend.
Now Mr.. Lodah accuses us of getting the Frazer-Lem
Ike farm bankruptcy act mixed I'D with the Frazier Emer
gency Farm Mortgage Act, commonly known the Frazier
OIL In fact however in analysis in the editorial of Jan
49, referred to the latter and not to the Frazier bankruptcy
ac Which has become law and which is such reat dsap
ointment to James Lodahl and the members Of the loan
association and of to hundreds of thousands of other
farmers.
RELIEF FOR BANKERS
We still contend that the Frazier Bill is fake
Tor does not bring security to the impoverished farms but
Is ree for the bankers The bankers unable today to
collect the II billion dollar debt the American farmer
through the Frazier bill the farms would be refnanced by
the government in other words the taxpayers Of the coun
try the broad of workers and farmers would have to
pay for it while the bankers and insurance companies would
receive interest bearing government bonds.
To this extent at least Mr. Lodah agree with
he knows anything at all about the BILL And further,
that interest and payments of the renanced
farmer have to be made the dot Does Mr. Lodah know
how many droughtstricken and impoverished farmers
there are in the country who are unable to make pa
ments at all, leave alone regularly?
Of course do not deny that the Frazier Bill is bene
ca to certain group of farmers those who still able
payments The lower interest rate provided by the bill
sounds good them Instead of paying percent Interest
which we do now we will only have to pay and oneha
percent under the Frazier Bill farmers ask for any
, more in refinancing," Mr.. LOdahl exclaims
INTEREST CUT NOT SUFFICIENT
heavy cut in the rate of interest may make the way
clear Lodah all right for the great masses OF I'M
poversheG small an middle farmers it is not sufficient
assure them security on their FARMS The out for then
lis the Farmers Emergency Relief Bill which demands among
other things cancellation of all secured debts. And MI
odahl thinks that debt cancellation is impossible ne ma
take look at the billions of dollars owed us by foreign coun
tries This huge debt has virtually been cancelled
= To Mr. LodahPs Townsend Plan idea we have the sam
General objection as against the Frazier Bill 1t is fax
measure that again puts the burden OF old age pensions
the broad masses of consumers the workers and fa1er
It means of a general sales tax o,,o
Whv don't you demand greater taxation for the hlg9e
- INCOME brackets Mr. Iodahl? Or is there partcua
reason hv YOU put the burden of all those measures yO
advocate upon the shoulders of the workers and farmers m
ey their children? +i,, ~
rs Have you any particular reason Tor not suppGt;s II
Workers Unemployment and Social Insurance BILL III
1927 which not only provides for old age pensions ouC M
g flor maternity benefits for sickness ana
as srance? If you don't like these bills please let us O"
m lreasons whv We would appreciate your criticism
fol AZ to the Bonus only repeat WnaC we sCO'
on Tan d The bacxwages of the soldiers shoulo De pa
d choud he maid at But why IN heck Chey sOuu
", Maid as Mr. Iodahl suggests by nflatonary measures
more than we can understand. Initiation again puOS w "
Jon of navment upon workers and farmers !,
he Can YOU tell u.s. Mr.. LOdahl why you don "anV ~
ue ons Of dollars appropriated for purposes 10 DC Us
flor the payment of the Bonus!