The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-06-27
Reno DenOunces Roosevelt,
His Program and. Aids,
Particularly Wallace
Benson Points to Reforms
and Credits President
With Good Try

With Good Try
Two definitely opposed views OF
the present national administra-
ton were expressed by Milo Reno.
president of the Farmers Holiday
association and Elmer A. Benson,
state banking commissioner and
gubernatorial prospect, principal
speakers at the seventh district
Farmer-Labor picnic in Ramsey
State park Sunday afternoon.
A throng Of about 5000 listened
from temporary benches surround
ing the speakers stand and from
scattered picnic sites throughout
the tourist park while loud speak
ers magnified the family disguised
arguments of Benson and Reno in
regard to the efforts of Roosevelt
and his disciples to lead US out of
the depression.
Disclaiming the man whom he
advocated during the last presi-
Dental campaign as the only doc
tor to cure the economic ills of the
country, Reno told a largely ante
gonistic audience that he would do
all in his power to wreck machin-
cry of the New Deal when it goes
on election parade in 1886.
Hurting epithets at administra-
ton figures, the Farmers Holiday
head called Roosevelt "liar", re-
ferred to county agents as oval
lace's bird-dogs," described corn
hog officials as "sneaky" and in
ferred that the Farm Bureau, a
rival organization, is playing poll
tics.
Lambasts AAA
Especially did he criticize the
AAA set-up for its policy Of sub
sidizing the farmer in curtailing
production. Farmers" he said
"should be ashamed Of themselves
for accepting corn-hog checks"
Society should not pay for sur
plus produce and will not continue
to do So" he said. Reno favors a
national bill guaranteeing farmers
the cost of production for goods
consumed at home. He stated that
with purchasing power gained
from higher prices, the farmer
could solve the problem of surplus
through increasing distributive
channels.
Bitterly attacking congress for
the National Banking act, he de-
clared that it gave up its constitu-
tional right to issue money and
turned it over to the national
bankers.
"The federal reserve system is
criminal" he maintained, "The
government prints money, gives
it to the banks without interest,
then borrows it back from the
banks and pays them interest"
eff the government can issue rs
billion dollars in bonds and back
them, it can issue Is billion In
currency and make it good, he
said in arguing for imitation. He
further stated that economists
maintain it is absolutely sound to
issue currency at the ratio of $2.4O
in paper to 81 in gold or silver and
deplored the fact that there are {
billions of dollars in gold and sill
yer in United States vaults and
only 5 billions of paper in circula-
ton.
Benson Answers
Benson, who followed Reno or
the speaking slate, commended the
efforts of the administration to
solve the pressing problems OF to-
davis economic situation. He ad-
mitted that the administration has
made mistakes but gave it credit
for attempting reforms. He as.
serted that the 1888 banking act
accomplished what nothing else
could, restored the confidence OF
a panic-stricken nation in its fin
ancial institutions. Asserting that
the 1885 banking act gave the gov.
eminent control of the issuance
of currency and the rate of dis
count, the banking authority alb.
solutely denied Reno's contention
that monetary operations of the
country are in the bankers hands
although I'm not one of them
politically, I can see that they are
MT all wrong" Benson said in re.
gard to federal Democratic offic.
ials. "They are giving the youth
of the nation a chance education
ally and industrially and, right
now, the welfare of youth Is oul
problem. Before that problem
farm and monetary difficulties
mean very little.
However, he criticized nationa
heads for spending enormous
sums of money in preparation fol
war, stressing the ideal of univer.
sal brotherhood as held by the
Farmer-Labor party.
Appearing in the interest of the
Minnesota Leader, official Farm.
er-Labor organ, Henry G. Teigan
a member of the board of publica-
ton of the paper, told the crowd
that Twin Cities dailies have mis-.
represented various phases Oh
state activity. He cited instances
including the CARING investiga.
ton, wherein he alleged that the
press had colored facts in order to
create the impression that the
Farmer-Labor administration Is
wasteful and grating.
Asserting that the Subsidized
press was behind the sales tax, OF
omnibus tax bill which was vetoed
by Governor Olson, he explained
the Farmer-Laber principle OF
taxation is based on ability to pay
and pointed out that the sales tax,
penalizing the laborer nearly as
much as the millionaire would be