The Nonpartisan Leader Newspaper, July 25, 1921, Page 15

Itis time the truthbe known and the facts faced A frank statement to our readers Examine the numbers on your address label. If the numbers or any oné of them are below 7-25-21 it means that your subscription to the Nonparti- san Leader has expired and you should renew at once. Don’t wait to be solicited by an organizer. Send your subscription direct to this office by mail. Frankly, we need the money. The nation is in the midst of an industrial depres- sion which began last October when the Federal Reserve banks and Eastern exporters jointly took steps to cut down the prices of grain, cotton and livestock. In less than one month every ar- ticle produced on the farm had shrunk in price from one-third to one-half. We now know that this was not brought about by chance or by the law of supply and demand. It was brought about by the WILL of a small group of money kings acting in concert with Eastern exporters. Why do we couple all this with a notice that your subscription has expired? Because the time has come for us to tell our readers frankly that the de- pression which is now widespread and general has put the whole machinery of the Nonpartisan League, including its press, in grave peril, - ' The deflation of the farmer was to be followed by the deflation of labor, but it was never intended to hurt the manufacturer or the big business man, or at least deflation was not aimed at the business interests of the country. But when the prices of what the farmer had to sell were cut in two and when the farmer was called upon to pay his debts, the farmer had noth- ing left with which to purchase new goods. As . a result the market of the manufacturer was de- stroyed, and the whole industrial system of America brought to a standstill. Thousands of business institutions have failed or are in the hands of receivers. The big daily press is hiding these facts from the public lest their knowledge provoke a panic. It is time that the truth %e known, and the facts faced. - - TR The thing that is upon the nation is not a small storm, but a tempest. : A great many banks have failed. You only hear of the failures which have occurred in North Dakota, but as a matter of fact twice as much banking capital has gone to smash in Illinois as in North-Dakota, and the failures in the one city of Boston alone mount to such figures as to make those of North Dakota look like trifles. And the end is not yet. The farmer has taken his dose of medicine. It was bitter, but he has lived through it and ad- justed himself. The other fellow is now getting his, or will get it before the first of the new year. THE FARMER HAS NOTHING FURTHER TO LOSE BUT HIS COURAGE. If he will keep that, and his loyalty to the Nonpartisan League and the Nonpartisan Leader, we will go into the political fight next year and win. We won’t - have half of the opposition to fight that we had in previous years because a part of our opposi- tion will be bankrupt and out of the game. The hard times have forced the League to cut down its working force. The League has not so many organizers as it had last year because it has not so much money to pay them. You must help the League cut down its expenses. You can do this by forwarding your subscription direct to the Leader by mail. Your executive committee foresaw last March what was coming and chang- ed the rules of the League so that its members. may subscribe for the Leader direct at the ex- piration of their subscription. You may sub- scribe for the Leader for two years for $3. Three dollars is a small sum of money. You can spare that amount in CASH and send it to this office. yourself. We warn you that you must do this for the life of this paper depends on it. When - you renew your membership in the League the money paid in subscription will be deducted from your dues. . Fifteen thousand Leader subscriptions expire this month and many more will expire in August and September. These subscriptions must be re- newed at once if the .Leader is to be kept going. This is the plain, unvarnished truth of the * matter. If you find a blue subscription blank in the pages of this paper, that blank means that * your subscription has expired. Fill in the blank and return to us with the cash for a two years’ renewal of your subscription. Make it two years if you can, but if you must, send $1.50 for one year. Editor. PAGE SIXTEEN