The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
BORAH ADVISES
CAPITALISTS TO
CHANGE POLICY
Says Nation Must Destroy
'Thuggery' in Article
for Magazine.

WASHINGTON, Jan. 25.--Sen-
ator William e. Borah, potential Re-
publican presidential nominee,
warned today that earnings must
be redistributed to avoid fight for
existence of American capitalism
against state socialism or COM
munism. He said the nation must
destroy business thuggery'
Borah expressed these opinions in
an article prepared for publication
in Golfers. He declared the farm
problem should be met by redis-
tribution of wealth that will create
an American market for agriculture.
He lashed at "capitalistic monop-
oily" and described the Townsend
old-age pension as 'the most ex-
traordinary social and political
movement in recent years"
IF capitalism is going to insist
upon code of conduct free from
all principles of fair and honest
dealing and II it is going to in
sist that the creed of the under
world, where cunning and deceit and
ruthlessness and finally extermina-
ton are recognized as the law of
life, we must be prepared to meet
the question of state socialism or
even communism" he declared.
Mr.. Borah predicted that event.
ually private interests would not be
permitted to fix prices directly or
indirectly" and that if price fixing
were necessary it would be by pub
lie authority.
The Agricultural Adjustment Act
was not a permanent solution of
the tragedy of the American farmer,
he said. Adding that farmers are
opposed to RECOMMENDATION"
Quotes Woodrow Wilson
He quoted Woodrow Wilson against
monopoly, particularly the assertion
that ANY decently equipped law
yer' can suggest statutes to stop it.
Taxation, Senator Borah said,
can not achieve proper redistribu-
ton of wealth, although the Town
send plan might be entitled Town
sends plan for the redistribution of
purchasing power" deriving it's
strength from resentment felt by
many persons.
Il venture to prophesy that the
people will indefinitely not permit
private interests to fix prices either
directly or indirectly. If they are.
to be fixed they will be fixed by pub
lie authority" he asserted.
IF capitalism has nothing to say
in the way of more equitable dis
tribution of the earnings of capital
ism, If 1t Is going to insist that wide
spread poverty in the midst of in
calculable wealth. that denial of
comforts and conveniences of the
modern world for the majority of
people are natural and inevitable,
then capitalism must be prepared to
fight for its very existence.
Result of Practices
But monopoly does not exist as
result of natural growth 1t is a
result Of practices which between
man and man no one would defend;
practices definable in the law and
punishable by law and enforced at
little cost when compared to the
cost and exertion put forth in an
effort to counterfeit the effect of
monopoly"
Borah asserted that the smashing
OF monopoly to achieve equitable
distribution Of wealth would uncover
a farm market and constitute the
primary step toward permanent
farm recovery-the restoration and
maintenance of fair prices for farm
products"
THE market which we must have
is not in Europe nor anywhere else
in the world he said. Those mar
kets are ours only upon a very lin
tied scale
Market Is In U. S.
1T Is here in the United States,
in the homes of millions of COM
mon people, that our markets must
be found. And they never can be
found until we restore purchasing
power to these people.
You never can restore purchasing
power while private interests
through combinations and agree
ments Ak prices.
Give the farmer fair market
market in which he can realize
: the cost of production with reason
able profits-and he will return the
check, take back the idle acres, fight
for the life of his pigs. and chase
away the first representative of bu-
reaucracy appearing at his barn
gate, with a pitchfork
Tt would seem that the only mar
ket for the American farmer is here
in the United States, at his very
door. And it seems to me that un-
der a sound economic system that
market is ample to insure. in con-
nection with fair system of re-
financing farm indebtedness and q
Just tax policy. return of prosper
ity to American agriculture. l say
return of prosperity. The time