The Nonpartisan Leader Newspaper, December 16, 1915, Page 10

] H 1 | i £ TEN . THE NONPARTISAN LEADER Echos From the Farmers Big Convention Loucks Declases That Grain Pit Is Staged Lindberg Says That Farmers Convention Public Ultilities Should Run At Cost St. Paul, Minn,, Dec. 10.—The farmer has “been the goat” long enough was the gist of an address by H. C. Loucks, farmer, Watertown, S. D., read this morning at the Equity Grain Growers™ convention at the Auditorium. “Rural Credits and State Develop- ment” was the subject of the ad- dress. Grant Youmans, Minot, N. D., read it. Mr. Loucks said money is not pers forming its real functions under the present system and that the Federal Reserve law does not and will not solve farming problems. Urges Investment Bank. He said there should be no pri- vate profit in the administration of any public utility, for all business and industry should be placed on an equal footing so far as general legis- lation is concerned. He advocated, a separate financial system for investments and state de- velopment. To found this system, Mr. Loucks said that Congress should organize a Federal Investment bank to do for investments just what the Fed- eral Reserve banks is supposed, to do for commerce and with the same powers. Need Free Woney for Production. “If we use the present political units it could be administered as a branch of one of the departments. If we are to have free money for com- merce, we should insist on free money for production. That should, be the keynote of this meeting,” he said. “There should be a small rate of. interest or tax to defray the expense of administration and build up a reserve fund, but the rate should be the same to all.” Identified.—Binks—“Shafer, do you know that woman across the street?” Shafer—She certainly looks famil- jar. Let me see. It’s my wife’s new dress, my daughter’s hat, and my mother-in-law’s parasol—sure!. It'’s our cook!”—Macon News. leby s Red Polls of A. R. Breeding My herd bull J. D. Merryweather No. 24396 is from 1400-pound cows and is getting’ the size in my herd. His dam is a full sister to the World's Champion Two-Year-Old Heifer. His first three dams average close to 400 pounds butterfat in one year. J. S.- BIXBY, :+ ....LISBON, .N.DAK. G. G. Wood Lillian J. Wood Wood & Wood Minot’s Pioneer Chiropractors Drugless Healers Brauer Block. - - Minot, N.D. FRANCIS A. BRUGMAN, M.D. Eye, Ear, Nose and Throat Glasses Fitted 36 So. Main St. - MINOT, N.D. HIDES TANNED Send us your hides, we will tan’ and make them. into nice, warm, soft robes. We guarantee the workmanship to be satisfactory. Our process of tanning leaves the hide soft and pliable and we guarantee it to remain so. We make the Oak Harness Leather and Lace Leather. Robes Lined. Hides bought at the highest market prices. Send, for price list and shipping tags. THE LISBON TANNERY,’ Lishon, ' - - - North Dakota. At Grain Growers Convention At St. Paul St. Paul, Minn., Dec. 10.—A grain pit was conducted on the Auditorium stage Tuesday afterncon for the Equity Grain Growers’ convention. It was in charge of J. M. Ander- son, president of the Equity Cooper- ative Exchange, who said he was go- ing to show the farmers the meth- ods of the Minneapolis Chambar of Commerce. Szlects “Bulls” and “Bears.” Mr. Anderson called five farmers ta the platform to be the “bulls” and “bears” in the pit, naming them as the influences that control the mar- ket and fix the prices. “Here are the elevator men, the miller, the speculator, the banker and the corrupt newspaper owner,” said Mr. Anderson, pointing to each of the men in the semicircle. How Grain s Mixed. On the table near the pit weére rans of grain, representing the vari- ous cars,, They were used to show how grain containing “smut” is mix- ed in and sold with good grain. “They trade in wind in the pit and deal in millions of bushels of wheat that never are produced,” said Mr. Anderson. “I ecannot help but fe=1 that the Equity movement i3 guided by di- vine providence,” said Mr. Anderson: Equity Shows Big Profit. He spoke for a hour, telling o: the success of the Equity movement. of the struggle it has had for exist- ence and its present prosperity. “The - Equity Cooperative Ex- change,” said the president, “is now in, a position to pay a dividend of 8 per_cent on the capltal stock. The total earnings for 'the Equity from Aug. 1 to Nov. 30 were $63,760 and the expenses were $19,943. That gives us net earnings of $42,823.” Mr. Anderson referred to a state- ment in Governor Hammond’s speech, Tuesday morning. ‘ The Governor made a fine address this mornin,,”” said Mr. Anderson, “but I was rather amused at some- thing he said. He said there was no power in one state that could control another state, that nothing in Min- nesota could control North Dakota. “I'm glad you see the hunmor of it,” he said as the audience ap- plauded. “We all know that the Minneapolis banks control the farmers’ credit in North Dakota and that they fix the time for your accounts to be paid.” , ABOUT OUR ADVERTISERS l The Leader is beginning to be | arpreciated by local and foreign advertisers as an advertising med- jum that brings them results, and they can only be made to see that if the readers of the Leader will make it their duty when purchas- ing goods to purchase fram adver- tisers in these columns and then tell them.that is the reason you you do buy from them. If the‘ | be results.. .. . |. merchant whom yeu patronize does not advertise -in the Leader ask him why, and then tell him that hereafter you are going to buy from those who patronize your pa- per. Here is a splendid way for every farmer to aid the Leader to be a better and stronger paper, and they should only patronize their friends. If the merchant doesn’t want to advertise in your paper he does not want your, busi- ness, and the merchant who does, why show him. you appreciate his support of your paper by buying from him. t us have the pledge of every farmer and his family on this. The Leader is your paper and odvocates your cause, and you should pledge yourself to patronize those who advertise in its columns. | Try.it and see.the. resultfi. e eord - York bankers. Committee Is Not . For Government Help St. Paul, Minn,, Dec. 9.—C. A. Lind- berg, of Minnesota, in a speech be- fore the Equity convention here to- day declared that the committee which has in charge the drafting of a rural credit law for action of the prerent Congress, is not in favor of government aid to farmers. “] am told,” he said, “that a speaker' at this convention has told you that the committee appointed to draft a rural credits law is in favor of government aid, for farmers. Coiumittee Against Farmers. “This is not so. I know these men and I know that the majority of that committee have declared against gov- ernment aid for farmers. “Why should aid along this line be denied the farmers when the same tking is done for the banks? ‘Today you are governed by finan- cial conditions. The greatest organi- zation in the history of the coun- try is the banking organization. And this is controlled by a group of New They have a perfect system. People attack the railways. You can’t blame the roads entirely, for they are in the grasp of the banks. The country banks also have been caught in this big net, and al- though many of the country bank- ers would like to escape, they cannot. No Test For Reserve Law. “The new:apers have bzen making a great cry over what a wonderfui success the reserve bank has been, because it has met = supreme test through difficult situations brought about by the foreign war. “This is no time to test the value of the reserve law. Foreign coun- "tries ‘are pouring millions of “dollars into the United States to buy food- clothing and munitions. “The time to test this law is when money is going out, not coming into the country. “When the war broke out a great wail went up about a panic. What did Wall Street do? They bluffed the President, they bluffed Congress, so that within 36 hours a law was put on the statute books by which $387,700,000 was turned over to Wall Street by the government at 3 per cent interest so that these men could loan it to the people at 6, 8 and 10 per cent. Speculators Make Billilon. ‘Since the Stock Exchange reopen- ed, the speculators have made more than $1,000,000,000 pro.fit. “There are $20,000,000,000 in the banks of the country on which the banks pay an average interest of 2 per cent. They loan it to the specu- lators, so they in turn can loan it again. You are, in effect, loaning your own money with which to rob yourselves.” Most Successful In History of Movement - St. Paul, Minn.,, Dec. 10.—The sec- ond annual convention of the Ameri- can Society of Equity has just come to a close in this city. The attend- ance was estimated at anywhere from 7,000 to 10,000 farmers. The success of the convention far exceeded the most optimistic exppectations. Great enthusiasm characterized all the ses- sions and rapt attention was given to all speeches. One of the big features of the convention was the breaking of ground for the new Equity Terminal Elevator. Appropriate speeches were made which was attended by intense enthusiasm. Some of the principal speakers of note were, United States Treasurer Burke, Senator Bob LaFollette, Con- gressman C. A. Lindberg, of Minne- sota. Many sreakers of local repu- tation from North Dakota, South Da- kota, Minnesota and Montana also de- livered addresses. Exchange Very Successful. Reports read by officers of the Equity Exchange showed that a very large increase in business had been enjoyed this year over last year. Everything throughout the conven- tion indicated that the American So- ciety of Equity is coming to be one of the very strong and reliable farmers’ organizations of the coun¢ try. Also that the Equity Exchange is a dependable and successful mar- keting organization. The thousands of farmers of the Northwest who have struggled and fought, for a free and untrammeled and open market believe they now see victory. While the attacks of the Chamber of Commerce has not ceased, yet the weapons it hurls fall back at its feet like broken reeds. One of its ¢harges has been that the finances of the Exchange were in an irregular- condition and that its af- fairs were managed by dishorest and unfair persons. Charges Unfounded. This charge was successfully refut- ed by the report of Dean Woods of the department of agriculture of the University of Minrezota. The inves- tigation against the Equity and Mr. Loftus, was made under law which empowered, the department to do so. “After a thorough investigation,” declared Dean Woods, “we found not a single charge made against Mr. Loftus was substantiated. As to the Equity, we found it to be a strict- ly cooperative organization. There is nothing irregular, dishore:t or un- fair about it. It has fought well and successfully for the farmers.” The fact that political announce- ments are found in the Leader, in no wise indicates that the Leader is Congressmarn Lindbergh decried the boosting for such candidates. We sim- imposition of the war tax in times of peace, and said an effort is be- ing made to increase that tax. When one farmer went to sign his check he remarked, that when he first came to this county he could hardly write his name, but that now he had signed so many notes at the bank that he had become a pretty good pen- It is reported that certain Minne- applis papers charged that many of the farmers who attended the St. Paul convention were drunk. A man can become drunk on two things— booze and success. The Minneapolis papers did not say which. If they had been drunk.on booze. it is a safe bet that ~Minneapolis wonld have thought them very nice gentlemen. .. ply want you to know who is seeking political honors. Don’t tie to any can- didates until advised by the Leader. The Flasher Hustler predicts that next year will see a different cam- rrign-waged in Morton county from. any heretofore known in that part of the state. Independent voters, the Hustler affirms, are in no mood to stand for diction, from would-be bosses. . Adolf Krentz, living five miles south of Enderlin, met with a pain- ful accident. While attempting to tie a cow with a chian she jerked a- way and the unfortunate man had two'fingers of his left hand, torn off. 1t does not make any difference - how “right” we are, if we ‘don’t or-: ganize we .are going to remain licked. . . v {25 b S = » M