Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-05-23
BOSCH TALKS
ON ECONOMICS
State Holiday President
Stands Back of His Or
carnations Program.
Monday Nights Crowd In
dulge in Good Discus
sion After Speech.

Speaking before crowd that filled
the d. B. S. hall in Askov Monday
evening, John Bosch, state president
of the Farmers Holiday Association,
stated that the Holiday group can
Justify its stand-that it stands back
of what it has done.
Mr.. Bosch said that economics can
be discussed separately from govern
ment and that criticism of economics
is not necessarily criticism OF the
form of government that prevails. He
added that he was not out to criticize
the type of government that America
has-a capitalistic democracy-but
that all citizens must take part In
building that government in order
that it may function to the benefit OF
all.
The speaker said that the day has
come when the people Of America can
produce as much as is needed and yet
there is want and starvation here
more than in many other countries.
He went on to say that the fault OF
the economic system in one word is
profit" Morgan & Co, are reputed
to be worth $4,000. 100000, adding
that they did not produce the wealth
and yet they have it. Therefore
somebody has lost $4,000, 600, 900
enough to buy all of Sweden, Norway,
Denmark and the state of North Da-
kota-with still few million dollars
left over.
Merchants Render Service.
The profits garnered by Morgan &
Co which they have not earned and
for which they have not returned ade-
quate service, has made the producer
short As a result farmers have been
selling products below cost Of produc-
ton. Mr.. Bosch stated that the doc
tor. the dentist. the teacher and other
professional people like most of the
retail business men-the small town
merchandise whole render needed
services. If they were not there 9TH
ers would have to take their places
and be paid as they are paid.
1t is the AZ of the people who have
accumulated or control from 500 to
$50 of the wealth in the country who
are getting far more than they de-
serve and that is the part of the eco
nOmic system which must be changed.
The ownership of means of produc-
ton must be taken over or other
remedies used. Big business is ruth
less and has no Qualms about squeez-
ing out the small business man.
While wages. production and farm in
come are below normal the profits Of
big business are above normal. COM
pairing figures of today with those of
between 1926 and 1929.
Mr.. Bosch stated that it is a plain
mathematical problem that if one
group. such as the farmers, produce
and deliver more than they are paid
for they will eventually go down. Nat
ural resources and monopolistic enter
prises should be taken over to stop
the constant Capitalization of wealth.
An orderly process of change such as
used in the Scandinavian countries
was pictured as good example.
Must Have Understanding.
But, said the speaker. there must
he education all along the line. There
must be general understanding of
what should be done. He strongly adj
vocated changes through the ballot in
a democracy like America-bringin
ii about in a peaceful manner-but il
acquired too slowly revolution may be
the result. If that should come about.
said the speaker. then it is very es-
sential that the masses know what
1t is all about and what should be
done to set up a better system and
to make improvements over the sys-
tenn which was turned down. Mr..
Bosch stated that the greatest indict-
ment he had to make of the federal
government is their destruction of
food in the midst of need and starva-
tion.
Continued on Page ~