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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Nov. 1, 1922)
Y'wmwwf9wwf'' The Commoner VOL. 22, NO. 11 10 v ' ,4? PROFITS IN ADVANCE SclliuK from our All Wool tailoring juno. New low prices. Jixprcsapre nnirL Satisfaction mi&rantced. Prof it In. ad van oo. You collect a deposit when you nrnko tho onto and keep it J as your prouw xx wtuuug, Salesman's Outfit Free , No dnnftfllt reemirwl for bier sam- rlo outfit. Our Golden Jlulo Clothe havo boon worn by aaod drosKirrf for 25. vtua. Tho Old 'Woolen TAQorin Co", la i tho old rnliabio houwv Wo treat you1 richt". , work sparflxirnQC-r mu iitao anu nuw 825.00 to 375.00 a W!r, Clet your own clotbea ut Jew wbtacnalojrriow. Send do Money Just writoa lot lor tn laa ua what you Iiavo, sold. W'U Bond oomploto sample outfit by prepaid post. Write us today. MdWo&nTltGiTOteiitf TYPEWMIEMS Me 9 1W "W00 '"V8 r Bcnulno 1 IK. A V&y rlalblo Underwood Or L. c. smith rclnilU Typewriter. Have $20 to $30 on famous J.arltin Easy. I'ayroont Plan. lUcdnoraoly flulshod. 5 Year Uunrantco. 30 Days Trial Bend for FJtKE BOOK TODAY Zttr&mCcu. Desk TCn.II22 Bulfalo, N. V. Peoria & CLfeio. Hi. Kg 4Cn - fcjJT?!- o! SRir X Muafl g??rTj7Br BisrVHBiaMiwM i Tiirw ihTilH (Id of two and th l cwurwawa You can complete this simplified High rrnnni i outrun nr iirxm ti o rtr. MU All reoptramtntt for entrance to cellar lMltix profcaelona. Thla and thlrty.ajx othr practical ta daacribed in oar Fre BalUUn, Scad fir It TODAY. AMERICAN SCHnnv. . H.8119'Pf olSro. ft Bath 81. CHICASO Higher Education Courses in English, Spanish, Malkeaaatks, Chcmkttry, Draw iag, Education, Business and in 35 other subjects ore given by cor respondence. begin any time. fjc ISHtterBttg of (Bljiragu dlatYenr DlvlRjon 42, Chicaxo, III. 6UIWED)AMOMD p J JSj C$3 WOKlMlTHSrONt li! Gr.KUrt.'B DiAWO'-PjPleDet iJ2LDDING KldShiilQSnteelS SGXET-YOU.R INITIAL t7TVK1-lC,,1l laTaWaNUjIM I.' I , , ,t - rt-J-aajr . -1 " nHllaHaT if nrtlil I SStafeAl rTi7J pJMgjfjjg 4 today, 8iyi no mnn. t5iM 5 8sl feasts J?! ? sazaa B.NGO COMPANY DEPT. 378 B1NGHAMTON. N. Y. LEAVES OF FICTION EftEE T&ad Interesting stories. Willthrillovoryone. Send us Post ago Stamp with name and address for our Kooklet, "Leaves of FIc ll0.!?- Popular stories bv popular Inc., 98 CfcMtbcrs Street, Btt. C KewYeri iiVHMMarbaaaWraBBBk aK&rjL J tT I'ljl Ti I nnrJaaBaalM I jawCaBV aHBLaaBAif?&BB0ai(lilf ad WORLD FAMOUSARMS LUGER pis- 4. G. 8. 12 nnil Ifi lnnHr.o'. MAUSER pistols, lonjr barrels; holstnr Htnnlra fni liot-li matt SER SPRINGFIELD nnd MANNLICriER j&vjxauiufSAUiun. sporyng: rules. Catalog ten cents. Pacific Arimt Corporation, San Frnnclneo ; EdcsonRadioPIioiiGSf jggb. W cumnuc uiiificlion. or your noncy ututAti. Th tditiMBirnl (tilure f4wti r pboact an nrwith lh wll'i pntot mtltt. Our ulci pU liDinM Ualtr't ptofiu anil Iowa from tad Krounu, htnee rlir low piict. fcVtln ckoftci (tanot b nxjt. Immtdme dtlivtric. Doiib!K)OOOhmKU,tJ.?l 1 500 un unju Kt, ji-ju. urculir free HdesonPhoneCou6BcaciSnB!88 bJ MfflSiSS HBH SI0.lo$25.M DAILY -alary, ct tiayfl oarri loo and lndpfldnce. h'asr to larn by our naar ov le.son in iwj noura' cotiraa wlih Individual corrspondftnc niuu.uuii wiiii tuwu iriiaircti inaw colons and brushes VniK'wKSSSyiSS .ub'.r.R JllEVu,r.1n",,0op'M,ylr,'Joo'wBltayoj, WR1TH I OOAy ror(lu$iratediotur. prleaand trrru. M 25S(. I tunrjftn un. mauiuiB ur LtUEKl(j. ewY0,fi.i. A Plea for Agricul tural Interests St. Matthews, S. C., Oct. 13, 1922. Hon. Warren G. Harding, President, The' White House, Washrngton, D. C. " My dear Mr. President: I beg to transmit herewith an en closed copy o a resolution which was unanimously passed by the sev eral hundred delegates of farmers, merchants and bankers who attended the Cotton Convention held at Co lumbia; S. C, October , 11th, soon after your short but excellently re ceived message was read to the con ference. You will note that the resolu tion specifically urges you to appoint Hon. D. H. Crissinger, Comptroller of the Currency, as Governor of the Federal Reserve Board and that you rofuso to consider the reappointment of W. P. G. Harding to that position., Our people feel that Mr. Crissinger is eminently qualified from the stand point of education, experience and training to fill the position of Gov ernor of tho Federal Reserve Board with the highest degree of ability and complete satisfaction to the agricultural, 'commercial and bank ing interests of the nation. They' fully realize from the facts and rec ords of the Federal Reserve Banking System during the past two years that the policies of ex-governor Harding and a majority of his asso ciates on the Federal Reserve Board, luuuuuovi tm muoicuoiuio uuiuviyam of doflat'on in the market va'hies of staple farm products arid contraction of Credits, which was directly" re sponsible fdr tho fearfullv distress-- ing financial dep'ressidn which has practically bankrupted the agricul tural producers of the nation. They feel that the appointment of Mr. Crissinger as Governor of the Fed eral Reserve Board would restore confidence, hope and encouragement for the speedy rehabilitation of the agr!cultural and commercial indus-n tries of the whple country, and that the reappointment of Mr. Harding would not restore confidence and en dorsement of tho policies of the Fed eral Reserve Board, but destroy in the minds of the great masses of the people the originally intended ob jects and purposes of the splendid Federal Reserve Banking System. Emphasizing this attitude on the part of the great agricultural inter ests oif the nation, I beg to call your attention to the facts as gathered by high official investigation, -that the farmers of the United States during the drastic deflation -period of 1920 and 1921, suffered aggregated losses of Twelve Billion dollars, 1n the dif ference between the cost of produc ing their crops during- those two years and the very low prices re ceived for the!r sale in the open markets. The great bulk of these losses is today outstanding in the form of unpaid obligations due to local bankers, supply merchants, fer tilizer dealers and other business concerns which had extended credits to farmers to carry on their farm operations prior to the period of the drastic deflation policies undertaken and carried out so persistently and forcefully by the Federal Reserve Board and the officials of the Re gional Reserve banks throughout the agricultural sections of tho Unit ed States. You should also be advised that thousands of farmers in the agricul tural states, heretofore prosperous and successful producers, liave been unable for the past two years to pay their assessments of state and coun ty taxes and that thousands of tax executions " against such' delinquents have been placed in tho hands of sheriffs for levy and collection. Per sonalty and realty,' including .tha rOCMH Over tuo uuaua vjl mwuoouuo of farmers, are being advertised tot sale in the weekly press to payv these past due taxes. The unusual proced ure of hundreds" of farmers taking the banking act against importu nate" creditors is one of the tragedies fallowing on the trail "of enforced drastic deflation by the 'Federal Re serve Board. Without credit, heavily involved in debt and no assurance of financial aid or encouragement from any source under existing conditions tens of thousands of tenant farmers and sniall landowners are surrendering to their creditors what little has been left from the debacle of defla tion and have moved into industrial centers to earn a living wage - for themselves and their families. Those who are left and intend to face the struggle of reconstruction are burd ened with high-and excessive inter est rates on renewals of past due obligations and new loans running from 8 to 10 per cent perannum which makes it a physical and math ematical Impossibility to rebu'ld the agricultural ' industry and gradually amortize the debts created under a high period of inflation and dheap money. It is imperative that Federal pro vision be made to secure a. rate of interest on agricultural loans by the banks not to exceed 4 per cent to the farmers during this period of re construction and rehabilitation of the agricultural industry -of- the na tiouWe beg that you will" use your valued influences as ' Chief Executive of . the nation to secure this concession. in present high inters est rates for the present and future welfare of American farmers. If special legislation is not available I would urge that the Federal Reserve Banking System consider and adopt a minimum special rediscount inter est rate of 2 per centon agricultural paper with the definite understand ing' that all member banks redis counting such loans . do not charge exceeding 2 per cent? which ivould make the interest to. individual bor rowers 4 per cent per annum, In connection with 4-he above statements -I beg to call your atten tion to the attached hereto covering some vital specific facts which have been brought out by an investigating committee which fully examined into the subjects referred to. The Fed eral Reserve Act when created by Congress clearly contemplated that the membership of the Federal Re serve Board should bo -representative- of tlra varfrms geographical di visions and leading industries of the nation, as well as banking. Several months ago Congress passed an amendment, to the Federal Reserve Act, specifically increasing the mem bership, of the Federal Reserve Board so that a farmer should be ap pointed on the Board, Nothing -has been done by the appointive power since, hat law was passed and the agriculture of the nation continues to ho without a representative 'on tho Board. For more than -fifteen years a .representative farmer has served on the Board of Directors of CATARRH jsmr.jKS. jmmBm TREATED FREE TO DAYS to ?.. 13 dcafness. bead noises. He ffiruV:SBi5i5nt,that pave com. ZuUy. Wnntvnn in t l s..,. mi r. .taf Ui.lT "?' "j ' IW.S. bUrVEU Dopi. 109 DtTcuporf, Jow Cures, .Goitre or Costs Nothing .Any Tender who suffers from tho above 'disease can bp quickly cured ii?r?hf c?yry,o F- Boies, 114 16th Sti Sedalla, Mo. Don'vt send a Learn by Mail to Plav Your Favorite Instrument Of all tho arts, mtttohai the widest popular kbhi cYonrwhcre yon ro-at dancca, in thUr, botSaZIi! rncnt parks, etc. Tboro haa never been Buch aTJS demand for mnaldaDB mi now. Kay any iratiSoetffi lbJMr!1. !f "i? to.ya ' f "ln Mr money. " The University- Extension Conservatory non pheej at Toot disposal tfio tfiacfatojr aperient of MmVVpth. Pcat?5r?,terK,?fd4ll21l'of America and Europ! Icsaoiis thatora no leas than marvdona in their BimSldtv and thoroorhnora. kadinc you from the Orst rndunwu of mnslcto . a coranet mnatcry bt your favorite ltro! meat. Endorsed Tby KuJcnsTvaW. Yoa arc taojrbt Si toou"3S. ty " KS What Instrument Interesta You? Write, tellinsr w th onrae yoa ere interested in Piano. Hanatmy, Volco, Public 8hool Mnsie. VWIn Cornet. Mandolia. Gnitar, Banjo or Reed Orjran -and a will send por Free Cataloar touether with proof ot bow others, both beijlnnera and tbooo mora or lets advinctd In mnslc, hnvo made wonderful headway under oor instmction methods, UNIVERSITY EXTENSION CONSERVATORY 711 Sieuel-Mycra Boildin, ChicBo, 111. REAL BEAUTY ?.P$iSff Minutes r SPECIAL OFFER! 55 Jasr for $1.45 FOR SHOUT TIME ONLY FAR OFF lands havo given to this piarvelous skin beautiflcr Wales, tho land of beautiful complexions, Florence, tho romantic, and Egypt, tho mystorlous. It makes a new skin in 20 minutes time. To use, simply cover tho face and neck ahdlet remain 20 'minutes. Wash' off in cold water and BEIIOIJ-a new complexion a skin smooth and velvety. Wrinkles, blackheads, pim ples 'and discolora tlona are gone. Pre pared and guar anteed by a physi cian. -Special offer: You can now secure this marvelous beauti fler for merely the cost of the raw ma terials. SEND NO MONEY, just your name and address, and a full n.nn in.r will bo sent you. On arriveL pay the -postman only 1.45 plus postage. If not sat isfied after thorough trial, your money will be refunded. MAJIC-KLAY CO. Station D-12, ' St. Joseph, Mo. HANDY IRONING BOARD Automatically attaches to any table, sowing machine or suitable shell d dropping the one leg on which u stands. , Folding the leg towards tho end re leases the board. No olamps or metai parts, to mar the table. Can be at tached and released in xi few seconas. Holds firmly and saVes time. MJk ironing a pleasure. Can bo shipped oy Parcel Ppst. MONEY BAQK GUARANTEE Price ?3.00 qach. Postpaid, anywhero in u, a. a. . t ntir dealer does-not sell the rr a Tsi T) Y " for quick sorvice, ro- P r mn iu uo " MKNOBIINEE BOX & LUMBER CO. UT AanYnlnf. Mlcll. MWV-w, BaaaaaaaHBBSBS5fc'i JaVavaaal aaa H Patent Pending; BOYSiGlRIiS--Valuable promiums are easy to got. Send NO money Just your name and wo will tell you how. Specialty Shop, Ft. Atkjnson, Wis. - j