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Farmers Independent
Bagley, Minnesota
March 4, 1920     Farmers Independent
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March 4, 1920

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IMAGE ©SMALLTOWNPAPERS, INC. ALL CONTENT COPYRIGHTED. ALL RIGHTS RESERVED• i USE SUBJECT TO LICENSE AGREEMENT. REPRODUCTION, DISSEMINATION, STORAGE, DISTRIBUTION PROHIBITED. FARMER$' FARMERS' INDEPENDENT A Newspaper of the Farmer, by the Farmer, and for The Farmer Continuing "The Bagley Independent" FARMERS' PUBLISHING COMPANY, Publishers O. Furuseth, Pres., - G.J. Prestemon, See'y Bagley, Minn. Aug. Westerhnd, Treas., Clearbrook, Minn. JOHN L. BURNS, Editor and Manager i Entered in the Post Office at Bagley, Minnesota, as a second class mail matter under the Act of March 3, 1879. Advertising rates on application. Subscription one year, $1.50 in advance. Six months, $1.00. Comrnunicatiol;~s should be addressed to the Far- They beseech the farmer to l'alse more crops for patriotic motives. They warn workmen against de- creasing the amount of work they do. In more pro- duction they find our only hope against rising living costs or, as their agitators declare, "against the spread of bolshevism." Yet in the face of this recognized need, one branch of the federal government, the federal reserve board has raised the rediscount rates to the highest point set in its history. And the obvious result is that credit for carrying on manufacturing, mining and farming must be contracted. Instead of labor on the farm and elsewhere doing more it must do less, because the capital it needs to work with has been reduced. We could hardly find a better illus- tration of the utter helplessness by which most of our vital affairs are allowed to drift along. The reason for the credit contraction is purely arbitary. As is generally known our bank credit system is tecnically based on gold deposits. One gold dollar in the federal reserve bank vaults may serve as the basis for deposit liabilities of this bank of $2.50. The member bank which has made this de- mers' Independent, Box 237, Bagley, Minn. posit can use it as the basis for credit extension of Quack, fraudulent and irresponsible firms are from $19 to $ 35. In the last year so much bank not knowingly advertised and we will take it as a credit has ben developed, not so much for product- favor if any reader will advise us promptly should they have occasion to doubt or question the reliabili- ty of any firm which patronize the advertising col- umns. 4 lj THURSDAY, MARCH 4, 1920. PUBLIC DEBT ion of goods as for their hoarding, that about all of the available gold for this purpose has been used. Consequently when South America and the Far East demand gold of us, a dollars worth shipped contracts our bank credit by about $ 35. In 1919 we had to send over $ 3000,000,000 in gold out of the country. The whole situation furnishes a powerful argu- ment for putting our bank credit on an actual busi- ness foundation, as Canada has done with her asset Just now the anti-farmer specialists are making currency, rather than on the arbitrary gold supply. a great to-do about increase of public debt to pro- It also exhibits one of the harmful effects of our i vide for public ownership of utilities and other prop- failure to curb the monopolists and other hoarders. erties such as terminal elevators and mills. And • STAT~E~RIES there is danger that some of the common people who I! give little attention to large business matters may Those who are not in touch with the dairy sit- be confused by the clever foolishness of these prop- uation in North Dakota may misunderstand the plank in the Nonpartisan league platform calling for state agandists. With public as with private debts it is not the owned creameries. More than one anti-farmer agi- amount of the debt, but the purpose for which the tator has passed the word around that the league in- debt was created that counts. If the money had tends to sieze farmer-owned creameries. been used for a profit-returning investment it is a Unlike Minnesota or Wisconsin, North Dakota good thing. Thus our public debt created to build is primarily a grain state and its grain is scattered. the Panama canal is an investment; whereas debt In only a few localities is there patronage enough for for purposes of military aggrandization or political a local co-operative creamery . The result is that graft is debt of the undesirable kind. the dairy farmer generally disposes of his cream through the local cream station-centralizer route. i Again the capitalization of all our great mono- The gouging done by the centralizers was and is polies is public debt. It is public debt because these i monopolies are in a position to make us pay a good worse than that in Minnesota, because in the latter return on this capitalization. The same interests state there are sufficient co-operative creameries to dictate the market price for cream. that "fear" a back-breaking increase in the public The league farmers in North Dakota believe debt if we take over the railroads, clamor for a guar- that a few state owned and managed centralizers to antee of earnings to the roads which makes all rail- serve those farmers who must send cream out of i roads capitalization, now and in the future, public town would inprove the returns on dairying there. iI debt. This, with the savings on dairy feeds through the About all our great resources--coal mines, for- ests, iron ore, waterpower--now belonging to the state owned elevators and mills would stimulate hal- private monopolies and the capitalization of these aneed farming. A further benificial result would be that in time many communities would have enough monopolies constitutes a public debt. Nearly all other essential services like railroads, ocean trans- port, market service have been likewise capitalized and added to the back-breaking public debt. Here we have the explanation of why it is that in "rich" America over half of our farmers and nine-tenths of our workers are so desperately poor. The real pub- lic debt that they must carry, that is, pay returns on, is always ahead of their ability to pay. The substitution of public for private capital in utilities and natural resources would stop this debt growth. The wastes and profiteering could be elim- inated and such earnings as efficient service allowed could be applied to reducing the normal public debt. FACTS ABOi)T NORTH DAKOTA North Dakota's first year's experiment in run- ning state industries has returned a profit of $ 35,- 756,21, according to the report of the industrial com- mission for the year ended Dec. 31, 1919. The com- mission has operated only two profit returning lines, the experimental mill at Drake, and the central state dairying to start co-operative creameries and thus more yet could be saved for the dairyman. Some may have the opinion that that farmers who need centralizers could do this work also co-op- eratively. They can but why take the longer and in this case the rockier road ? State action would sup- ply a large amount of capital at once and supply it at 2 to 4 per cent cheaper. Within two or three years several nonprofit centralizers could be operating on a large scale. EDITORS ORGANIZE Editors and other representatives of the farmer- owned newspapers in Minnesota held an informal meeting in St. Paul last week at which they decided to form a general co-operative organization to be known as the People's Press Association of Minne- sota. This bureau, when it is well under way, is ex- pected to furnish valuable business Service u well as general news service to the member papers. In the Seattle (Wash.) city primaries. Duncan, the labor party candidate, has been nominated for mayor. The three Labor candidates for the council head the list of six nominations made. A note- worthy feature of the election was the fact that Fitzgerald, representing Ole Hanson's policies and with the backing of the the three controlled papers, ran a poor third and was thus eliminated from the general election. A few state owned centralizers would undoubt- edly be a good thing for a dairy state like Minnesota too. The state instead of the packing trust, could then dominate the centralizer business. It would mean better service for those farmers who send cream to the centralizers and eliminate the unfair competition with co-operative creameries. The Valley County (Mont.) News, published at Glasgow has been purchased by the organized far- mers of that territory. Farmers everywhere seem to be sensing the need of an independent local press. There may be some doubt as to whether public ownership af railroads would be a marked success, but the failure of private ownership is already re- corded. Why reinstate what has already failed ? Special privelege always turns to mob violence and other forms of force is the only dependable pro- tection for what is acquired .by fraud. Monopolists and their supporters appear to be the meek shall not be blessed by inheriting the earth in a literal sense. The beasts of the jungle must have lairs, but those of civilization build palaces and pick out the finest offices. Old party congressmen do not legislate; they confirm the decision of the party caucus leader. ~L bank. Expenses have included the maintainance of the commission, the home building association, and the developement of the Grand Forks terminal elevator and mill and office expenses in Fargo. The Ba~]~ of N,~rth Dakota: has made a profit of $ 47,522.75, a~d t]ze ~tate mill a profit of $ 6,303.78. After the firsL 85 days the Drake mill began pay- ing more than the market price for wheat, as well as paying for all the dockage, and it has sold its flour v.t Minneapolis prices, less frieght, North Dakota flour would usually be priced at the central market pl?e plus the freight. With regard to the central bank, which has al- ready lent $ 2,000,000 to farmers on first mortgages, the commissions report says in part, "First the bank is meeting a real need inpromot- ing the agricultural interest~ of the state by afford- ing its farmers an opportunity to borrow money on their farm land securities at a saving of 2˝ per cent interest. "Second, more than 600 banks of the state are carrying accounts with the Bank of North Dakota, which has thus become a vast clearing house effect- ing savings on the exchanges passing through it. "Third, the bank is preforming in a very large measure functions similar to those of the Federal Reserve bank to many of the banks in the state which are not eligible to membership in the federal reserve system. "Fourth, the Bank of North Dakota is able to loan money to the state departments and institutions and thus bridge over the eight-months period be- tween the date on which the expenditures of the de- partment begin and the date on which the taxes are collected to provide them with their appropriations." CREDIT CONTRACTION Practically every government official, every bank- er, and naturally, therefore, all the press under re- actionary influences cry out for greater production. YOU TO0, hRE INVITED To join the wide circle of weekly read- of this independent, co-operatively own, ed newspaper. JOIN TODAY! ' SUBSCRIPTION RATES: $1.50 per year in advance 6 months, $1.00; 3 months, 60˘ in United States. : Canada and foreign countries, $2.00 per year. i FARMERS' INDEPENDENT, BAGLEY, MINNESOTA. GENTLEMEN: Kindly forward the FARMERS INDEPEN- DENT to the address written below for ............ months, commencing on .......................... for which find $ ............ inclosed herewith. Name ......................................... Town ........................... State .......... R. F. D. No ............. INDEP BL IT THE LAST STAGES When a creature, too contempt- ible to be called even a politician, is willing to stand on a platform and in one breath insult the man- hood and womanhood of Russia, in order to convince you that you do not want control of the railroads un- der the Plumb plan, you may know that the political thermometer has fallen to about 10,000 degrees be- keep your mind off of low the level of the most ordinary, I common garden variety of decency, levy. -FORSALE PASSING THE BUCK ] One team of horses and one horse alone. Both sound If you paid your taxes last week and 7 years, weighing about you know something about the H. C. 1,300. Also one Berkshire regis L. in Minnesota under the present ad- boar, 2years old, will sell him ministration. Now if some smart man as I have finished using him. points to the North Dakota taxes Sovick, Clearbreok, R. F. D. you'll know he's simply trying to Minn. II I rom II THE UNIVERSAL CAll There are more than 3,000,000 Ford cars in daily service throughout the world, and fully eighty per cent of these are Ford Touring Car. There are many reasons for this, not the least of which is the simplicity in the design of the car, so easy to understand; likewise it is easy to operate; and mighty inexpensive compared to other moter cars. On the farm, in the city, for business and for family pleasure, it is the car of the people, and the demand is increasing every (lay. Let us have your order promptly if you want one. FORDS CARS ARE SCARCE --Hard To Get Now~- AUTOMOTIVE GARAGE J. D. Randall, Prop. BAGLEY MINNESOTA We have the agency for the exclusive sale and distribu- tion of Ford Cars Trucks and Tractors We Just Received a carload of Ford Cars, T-ucks and Tractors Place Your Order for Your Car Automotive Garage J. D. RANDALL, Prop. Bagley, Minn. I':111 II :, ; ~ _ Ii n[~]=n nl I I am going to quit farming on account of poor health and I will l sell the followin personal property at public auction at the San-i quist Farm in Section II, town of Eddy, 2; miles South and 11 miles west of Clearbrook, on Sale Commences at 11 o'clock a. m. / # IIVi qTN V Bull calf, 1% years old Wa~m Box JL,I V Ja, ~ltlbJ[! Bull calf, 1 year old Hay Rack. Bay mare, 11 yrs old, wt 1200 Half shorthorn heifer, 4 rues old Walking plow. Cow, 5 yrs. old, to 1)e fresh nex~ FARM MACHINERY 3 Heavy Work Harnesses .~ May ..... Water Tank and Heater ~ow, a yrs old, was fresh Feb 21 ~v~inneso~a ~int~er . D~Lnv~l ~,-~u~n .~a~ot.,, ~,, lI " t Mower, good as new ~---~. ---~--- ~e-.-w, ...~.-- Cow, 2~ yrs old, was fresh Jan24 Independen. -a rake -ood Sharpies Cream Separator' ~ow,. 2~ yrs old~ was fresh Jan20 ln~epenoent n y ,g as Sni ~ie_B_u~,~v '": Heifer, 2˝ yrs old, to be fresh new. _ .... Sew~ing M~l~ine last part of April Independent _Sultry /'10w.100 bushels side oats "~ Half shorthorn heifer, 14 rues old Three-horse Urag. About 1,500 ft ~loori~a, 'i Heifer, 14 months old, Single Cultivator. Some Deminsion L,m-h~ :" Heifer, 13 months old. Narrow-tire Wagon. Forks and other tool"~-- ' Free Lunch will be Served at Noon TERMS All sums of $10:00, or under, Cash; over that amount time will be given to } :~ November 1, 1920 on good bankable paper at 10 per cent interest. CARL E. LARSON, Auctioneer. FIRST STATE BANK, Clerk