The producers news. [volume], December 01, 1933, County Edition, Image 1

About The producers news. [volume] (Plentywood, Mont.) 1918-1937

Image provided by: Montana Historical Society; Helena, MT

                
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THE PRODUCERS NEWS ^
Read Ws Pap«
for New» of the
Cancellation Fight
OFFICIAL ORGAN OF THE UNITED FARMERS LEAGUE
PLENTYWOOD, SHERIDAN COUNTY, MONTANA, DECEMBER 1, 1933
YVI. Number 36
Published Weekly
VOL
SCOTTSBORO'S
JURY LIST IS A
fraud, charge
I
j
i
j
I
1
i
of Negroes Placed
Jury Rolls After
List Drawn
Names
on
pffEHSE SEES TRICK
D. Lawyers Send for
Expert on Hand
writing
!. L.
DECATUR. Ala.— Samuel
« Leibowitz, chief counsel
for the defense in the Scotts
L„) case, asked Circuit
VV. W. Callahan today
quash the indictments
his clients on the
Judge
to
against .
wound that the grand jury
which indicted them in the
Spring of 1931 for attacking
two white girls was drawn
from a list fraudulently pre
pared.
Although witnesses have testi
fied at this hearing ar.d the one
before- Circuit Judge Jame* E.
Horton last Spring that they never
had heard of a Negro serving on
x Jackson county jury, the jury
roll produced in court yesterday
for the first time contained the
of several Negro citizens.
rame'
It was the discovery of these
which led Mr. Leibowitz
names
to charge today that the jury roll
was forged after indictme|t of the
Negroes and after criticism of the
Alabama jury system had de
veloped. A New York handwrit
ing expert is on his way here with
microscopes and other parapher
nalia to help the defense attorney
to prove his contention.
When Judge Callahan set Thurs
day for the trial of Clarence Nor
ris. Mr. Leibowitz protested be
cause he said he did not think
Patterson's triaal would be oven*
then.
"Oh, yet- it will," said Judge
Callahan. "We're going to make
speed in this case. We're going to
start making speed on Monday.
Well be through in three days if
the Lord is willing."
When Mr. Leibowitz asserted he
would bave about fifty witnesses,
*nd Attorney General Knight said
he didn't know how many the
State would have, Judge Callahan
remarked that it didn t matter
Doch.
"Tm fixing to conclude this
ease in three days," he said. "I
don't care if you have a thou
«nd. M
DECATUR, Ala.—That Judge
W. W. Callahan and Attorney-Gen
eral Thomas E. Knight have de
termine« to rush through the
biais of all the Scottsboro boys,
withowt waiting for an appeal in
the case of Ht y wood Patterson if
be 1$ convicted, was indicated late
this afternoon when Callahan noti
fied Joseph R. Brodtky, Interna
tional labor Defense attorney de
fendirg the boys, that Charlie
Weems would be arraigned Thurs
day
morning, and his trial set for
> week from Monday.
Judge Callahan has also indl
caud that on Monday morning, be
fore the trial of HeySvood Patter
opens, he will arraign two
®ore of the Scottsboro boys. He
®*1 not announce which ones.
The determination of the lynch
lords of Alabama to railroad the
J®* Knocent Negro boys to
**th by the chair or the rope and
is clearly indicated in these
m °ves. Normally, when an appeal
in a case, the trials of
defendants accused at the
time are put off until the
appeal is decided. This saves the
*tete time and money. This time,
the preparations are ob- 1
going forward regardless |
**I*nse. which force» even the
"f^Bpapermen to wonder what
■ s the state has or knows of,
this expenditure.
»an
to
Rwby Bate?, Threatened
Bates, threatened With
Wtelung, j
pm;» 18 ^roewhere in the vi
lefuL? 1 ' an <i when she
•««aed to come to Decatur for the
w, . ' ud ^ e Callahan agreed to
0{ hOT testimony b F
Callahan ha 8
fee 5 'indictments on the show
the defense that Negroee
^tematieaiiy and illegally
the juries. In spite
helming evidence that Ne
trial
refused to
PX
Of
only harred from the jury
SLt"* of their tbe
dent that * « suffi
re jury commissioners
consider" the Negroes
names
teerel v
^ilf'Sp
if*_^ appear on the rolls.
Liebowitz. I. L. D.
bad £ vered that the
tty» tempered and that
Bddf,! ^ e gnoei<a had been
. î. bese frry rolls were
e first trial last spring.
HOG PRICES DECLINE
SHARPLY TO LOWEST
FIGURE SINCE APRIL
CHICAGO.—Last week saw the
sharpest lall of this year in the
price of hogs, with the average
price down to $3.70. The prevail
ing top figure is the lowest since
April 29.
All farmers should take notice
that the packers put the blame on
the pmessing tax of 60 cents a
i*u: died pound*. which has reduced
consumpticn cf pork drastically,
In apite of this fact, the tax Is to
be advanced to $1 on December 1.
1-ROUND SIMPSON
SOCKS BATTLING
RICKER AT OMAHA
Farmers Union Heads Tie
In at Annual Conven
tion
OMAHA, Neb.—John A. Simp
son, president of the Farmers
Union, and A. W. Ricker, editor of
the Farmers Union Herald, had: a
tie-in in the lobby of a local hotel
during the Farmers Union Con
vention here.
Spectators reported that Simp
son and a group of friends en
tered. Ricker and Tom Howard,
Denver newspaper publisher, were
sitting in the lobby but rose as
Simpson & Co. advanced. Simp
son struck out, shouting some
thing. Mrs. Simpson, grasping
John firmly by the arm, walked
him out of the room.
Ricker said that the whole
trouble was that Simpson was a
disappointed candidate for secre- j
tary of agriculture. '■
j
!
While Ricker uses all the space
in the Herald to praising the
Roosevelt New Deal, Simpson
takes a more cautious attitude and j
criticizes certain policies of the |
New Deal. The vote of the con- :
vention, however, supported Simp-1
son and «-elected him president. ;
The dispute between Ricker and
Simpson is a dispute as to which
is the best Svay to mislead the
masses of farmers. The conven
tion support of Simpson shows
that the majority of farmers are
so disgusted with the New Deal
that anyone who supports the
Roosevelt Administration whole
heartedly, such as Ricker, gets
let in the cold. Simpson, being a
So°d politician, will not put him
self in this position. He knows he
must talk radical if he is to stay
in the good graces of the farrmers.
PEASANTS JAILED FOR
TAX DEBTS SET FREE
BY GREEK VILLAGERS
ATHENS, Greece.—At Ithomi,
peasants 'were arrested for taxa
tion debts, but were liberated by
the other villagers. The same took
place in Iliolusto. Sixty peasants
of Afra in Macedonia, marched to
the mayor at Peili to demonstrate
for their demands. One hundred
and fifty peasants from the village
of Plajeri demonstrated before the
house of the governor general of
Macedonia.
At Krestena thousand? of raisin
cultural ministry in Athens.
Farmers Overcome Riot Squad
In Strike at Marshall, Minn.
MARSHALL, Minn.—la a fast
and sharp fight with the sheriff,
deputies and emergency fire (riot)
squad, striking farmers of Lyons
and neighboring counties closed lo
cal market air-tight on. Nov. 10.
That action followed the stubborn
refusal of the business men of that
town to voluntarily close their
markets for the duration of the
*■
Farmer-Labor Faker Ar
On Scene With
the Law
nves
strike -
' Shortly afternoon, the huge
crowd of striking farmers was
gathered in front of the Swift and
Company's plant awaiting peace
fully the results of their commit
tee's meeting with the manager,
Suddenly around the comer and up
the street straight for the crowd
came the city's fire truck and a
black sedan. Sizing up the srtu-a -1
tion, toe farmers instantly rushed |
to meet them and as one group |
climbed the fire truck, another ac
The attack
Farmer« in Control
complete" control.^Then^ho^should
commodated the car.
ers were quickly overpowered and
disarmed as the farmers enraged
by this brutal attempt to spray
them with chemicals and tear gas
practically ruined toe city's ma
chine.
H. J. GOVERNOR
RUMS PLEAS
OF THE HUN0EY
Workers and Farmers Hold
Relief Meeting at
Williston
LANGER NOT THERE
Committee to Lead Fight
of Farmers and Workers
Set Up
WILLISTON, N. D. —If
any doubt existed in the mind
■of the destitute of Williams
county concerning the sincer
ity of Governor Langer's in
tentions of relieving the dis
tress of the unemployed
workers and impoverished
farmers, that doubt was re
moved Nov. 25, when 700
their wives and children
crowded into the Armory at
MÄÄ
to the needy. Lack of relief
is a more correct way of re
ferring to the brutal indiffer
ence of Governor Langer.
The farmers and workers of ,
Wilhams county driven almost to j
the point of desperation by cold,
and hunger, had decided to hold a
mass meeting. Te get a more
to
thorough understanding of Lang
er ' s operations, telegrams were ad
dressed to him, requesting him to
be present at this mass meeting.
Because they remembered the
many promises Langer had made
.,
to the effect that not a man wo
™ an m chlld 8» ra ff d " r
hun 8ty or shelterless whale he
was J««™«;. «W destitute peo
pie felt that Langer would give
them an opportunity to state their
condition.
■
But any »uch* expectations were
shattered. Governor Langer, with
the hypocrisy of every capitalist ;
tool, sent one wire stating that he I
would be very busy With some fool \
politician's appointment and could
not come. Then as an added in
sult to the people, he concluded
hi» telegram with the significant
word—"Sorry." Sorry for what?
Not for the needy or he would
have, because he could have, done
something for them. No, Gover
nor Ganger's expression of sorrow
was due to the fact that the desti
tute had haj> the impudence to
address him at all and he wa»
telling them he couldn't oblige
them.
|
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The speakers at the meeting,
Rodney Salisbury and Peter
Gallagher, representatives of the
United Farmers League, laid bare
before the audience the treachery i
of Governor Langer. O. M, Matt- i
ingly, representing the Unem- j
ployed Council of Williston, acted
a» chairman. 1
a, a" d e Ä
Committee v#s set up to handle
us
FarnwK ^ BOe ' the Ho,iday
(Continued on page 8)
appear on the scene but the pro
fessional farmers' friend and ex
pert Farmer-Labor politician, Sen
ator Regnier. He had arrived, not
in the company of his "farmer
friends" but with the chief of po
lice and wag reughly handled/ be
fore he could make his identity
kno*wn. Then some strikers still
under his spell allowed him to
mount a car and speak. He tried
to play himself off as a hero, by
pleading that there be no violence,
He then started one of his arti
ficial and meaningless flights of
oratory filled with phrases such
a s "My heart iswith yo^and "I
am with you 100 per cent He
was interrupted time and agate
and told to come to toe J®" 4 * "J
was forced to quit. He then most
graciously offered to accompany
the committee
to deliver their final ultimatum to
Swift and Company,
^ was a com plete victory
thg farmers ^ho celebrated by
marc hi n g up and down Main street,
The temper of the crowd was very
determined and the opinion was
freely expressed in the crowd that
it would have been, just too bad for
Marshall if they had gotten their
tear gas and chemical attack start
ed. For the crowd would not
have left the town until the last
Q f damage and injury to their
members had been redressed.
HERE IS A SCENE AT FARMERS 2ND CONDERENCE
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In the background are two of the banners
which adorned the walls of the Peoples Auditorium.
Other banners demanded cancellation of secured
fa;m debts, higher prices for farmers, lower prices
for workers, etc.—Federated Picture.
The delegates are photographed while listening
the report of Lem Harris, executive secretary of
the Farmers National Committee for Action. Each
state group sits together at the openi g session,
and you can see many of tie 36 states which were
represented.
Rolph, Jailer of Mooney,
^ _ - - >
Frees Lynch Mob Leaders
-
SAN JOSE, Calif.—Governor
James Rolph, Jr., who refused to
par don Tom Mooney, workingdass
leader in jail for almost 17 years,
m the face of indisputable proof
of his innocence, has just an
nounced that he would give full
pardon to the leaders of the lynch
mob which hanged the two kid
nap per^ of Brooke, Hart, son of a
wealthy department store owner.
"They did a good job," Gover
nor Rolph said, referring to the
lynch mob as "fine, patriotic citi
Young Washington Farmer Won
High Honors, Makes $20 In Year
- t *
From Pacific
Coast Ride Freights
to Chicago
Delegates
CHICAGO. — They rode 3,400
miles by freight, half the time in
refrigerator cars in freezing
weather—so eager were three farm
delegates from Washington State
to get to the Second National
Farmers Conference in Chicago.
Wearing overalls,, heavy boots
and sheepskin coats, Matt Pakkala
of Kalama, Wash.; William Hop
kinson, of Spanaway, Wash.; and
Jack Kingsbury, of Toledo, Wash.,
walked into the Peoples Audi
torium ready to join more than
700 oter farmers in the formula
tion of a fighting program.
Pakkala, the youngest of the
three delegates, works with his
1_
Works With Father
wFARMERS BRING IN
PAiYTV PAn OTATl/Uir
food for striking
ARMOUR EMPLOYES
Packinghouse Workers in
Swift Plant Vote
Demands
SOUTH ST. PAUL, Minn.
Farmers in this section are send
ing food for relief to the striking
packinghouse workers in this city.
Unemployed workers are helping
on the picket lines, and it is ex
pected that Swift and Cudahy
workers will join the striking Ar
mour workers in a fight for short
er hours and decent wages.
* . _ ...
A mass racing of 1,000 Swift
workers voted unanimously to
present demands similar to those
of the Armour workers to the
gwift bosses and elected a strike
committee which is empowered to
call a strike, should the Swift
bosses refuse to accede to their
• Di.teknrnii
Arrest d in i ittstmrg
PITTSBURGH Pa _ Eighteen
striking nurVinc' workers
have been arrested and iailed here
a? the strikT S second
as the strike reaches its secona
week. The capitalist press com
plains that cattle have been stam
peded and that shops handling
scab meat have been wrecked. The
A. F. of L burocrats are trying
te «AmrammL OT ,d are
inv official« nf tba NRA
Vu^ ^flv h 4i!w A beadquar
te^TÂ^HonÏ^-lm
ers Industrial Union.
demands.
Twenty-four hour picket lines
bar entrances to the Armour plant.
Two Armour trucks were dam
aged attempting to break through
toe lines.
„
zens." Rolph said he postponed a ;
trip to Boise, Idaho, because he
was afraid " hia ab6€PC °
tio . aI Guard to pr€V ent the lynch-j
n
:
■
By these statements Rolph te
veals himself as a lyncher, hold
ing in contempt the court system
of his state and quick to act in
the interests of the wealthy. Hypo
crite that he is, he has praised that
same court, system when it sen
tenced Tom Mooney to a living
death in a California prison.
we cultivate in March,
you have to hoe about every two
weeks, until June, and ther> har
vesting takes about three weeks,
During the rainy season., from
October to March, we clear the
stump land so that we can culti
vate more strawberries—for which
we hardly get anything. What's
more, my friend, as soon as vou
clear the stump land you're ex
pected to pav more taxes, because
the land is supposjgd to be worth
more then." ("The more you work
the more they fire you." inter
posed Hopkinson, the delete,
from Spanaway, Wash.)
Taxes, at the rate of $1 an acre
includes county, state, road, dis
trict. and school taxes.
Fathier Worked in Mine
lather on a 40-acre farm near Ka
lama. Wash.
"Mortgaged? Hell, yes. About
the whole limit—$2,000.
"What was vour total income in
morey f«rom your farm during the
past year?5" I asked Pakkala.
The young farmer laughed.
"Just about $20."
»>
Just hoV much work did vou and
your father put in to get this
$20," I asked.
"Well.
«
In addition to the $20 realized
from the sale of the strawberries,
the Pakkala income was suple
mented by some money earned by
the young farm delegate's father,
now past 60, who, for the past five
months, dug coal for the Owl
Creek .Coal Company in Gebo
Wyoming.
After the company deducted
all expenses, my dad had $80 left,
Pakkala reported.
"How did! you and your father
dispose of the $80?" I asked him.
"Well, we paid $32 for a hay
bill, $20 for seed, and I had to
pay the General Hospital in Long
view $20 on account of my opera
tion which cost me $2l£—$150 for
doctor's bills and $69 for hospital
expenses.
*
9t
The elder Pakkala struggled
£, ard t0 eive his son an education,
The son. graduated *rom the Car
bon City High school in Montana
and ater «.mnleted a ooorse In the
Montana State College m Boze-1
man. Mont.
Getting high honors in physics
and chemistry, the farm delegate
won degree of Bachelor of Science
in 1929 and then was one of the
h Monate ij
a Rhodes scholarship for study
Oxford University, England. The
scholarships hm« established some
years ago by Cecil Rhodes, lead
in? British imperialist who accum
ulated a fortune in exploiting the
colonial workers in. Africa and
muni tions. The old gent died
190 ?: »^ establishing the schol-|
* * "S™ * t0 promote
Bntish-U. S. amity."
High scholarships, character, pre
eminence in athletics are soi^e
the requisites for winning Rhodes
scholarships.
The British "Who's Who" re
1 cords the fact that Cecil Rhodes
5 >*■?->#«•* P» »r,
19 * Pa^ala. toe Rhodes scholar,!
|n0 !L 26 '
'patch ip Western Washington.
I
Is Rhodes Scholar
RENO CALLS TRUCE
ill CTTIfl/'P TA nur
W STRffiE JO GIVE
CONCiRFSS THANCF
WliUlUAW wUllilvAJ
j
Next Strike Will Be "Or
derly" Bosch Asserts
OMAHA, Neb.—The executive
committee of the National Farm
Holiday Assn, meeting here with
Re n o during the Farmers Union
convention voted a "truce" in the
farm strike "until after congress
convenes in January."
When the last strike was called
off Reno stated that thp nurnose
^ T SSS0Ï
was to give Roosevelt a chance,
inis time, on recommendation of
Farmer-Labor Gov. Floyd Olson
cf Minnesota, it is "to give Con- j
gress a chance." Authority was 1
eiven to Reno to decide the strike *
mstion
1
tu
The Holiday officials have called
a meeting of farmers in Omaha
Dec. 1 to demand higher land ap
praisals from the Omaha Federal j
Land bank, so that more farmers |
can get refinancing.
John Bosch, president of the |
Holiday, declared that he was on
his way to see Gov. Olson in ref- j
erer.ee to a proposed meeting of 13 ;
mid-western governors early in
ea „lone fnr
December to lay plans for another
lobby at Washington.
The next strike assuming there
is one—"will be orderly, believe
me," said Bosch. This remark is
taken as definite indication that
the Holday officials are planning i
prevent picketing, in co-opera
ti<m F with th g government authori
.
ties- •**. ..
*nr>DD CAD mil? DC I TMION
DHLdK. r AKMCJvo ii
MAY LEAVE NAT. F. U.
_
OMAHA.—Prospect» of the Ne
braska Farmers Union bolting
j from the nat ional organization ap
; . ^ n a Kpptipv
xîfl 1 "
1 president of the state organization,
j failed to be re-elected as vice
' president of the national Farmers
I Union.
The decision in reference to the
j
,
i ... , , ..
split will be made at the state con«
vention here In* January, Keeney
said,
Heroine of Scottsboro Trials
Lies Near Death In Hospital
1
:
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"Do All You Can For
Boys" Ruby Bates
Whispers
Ruby Bates,
w j d ^ e heroine of Scottsboro,
he» on a white hospital cot, fight
ing for life followillg a critical op
i . imnerativelv ordered bv
Physicians,
NEW YORK.
Ruby Bates, who was waiting
near New York for her deposition
to be taken by a New York lawyer
! for use in the Decatur trials, on
: Thursday notified the Interna
tional Labor Defense that her
f physical condition had become euch
ttat she had been obliged to go
. .. ,
| h ™ .*7 sp S iU, l à
; physician 'who had been treating
her previously, made it evident
| that an immediate operation wa»
a matter of life and death.
in., R u b y Bates was operated on
QaTly Friday morning. Physicians
i n charge could not pronounce her
|
oU L°^ dange ' . . y .,
i Thursday night, in the presence
of a representative of the Inter
national Labor Defense, Ruby
j Bates told a reporter of her arriv
a i i n the hospital and the opera
«on ^ eVcted.
knew about my condition, but
T didn't tell anybody just how bad
ontn I™ fo^d to come
to the hospital, she said. *1 i
to a hospital. There, an examina
GOVT. FACES CREDIT
CRISIS, RONDS FAD;
MORE T AXES COMING
CROP PRICES DOWN
Commodity Prices Fall ,
When Measured in
Gold
INFLATION GROWING ;
_ j
Economic War Leading to
Open Military
Conflict
Wholesale prices last week
stood at the lowest point
since August, following a de
eline of two points. These
figures have just been re- ■
leased by the Annalist, semi- j
official Wall Street magazine i
intended for the eyes primär- 1
ily of bankers and big in- ;
dustrialists.
At the came time these figures i
were being released. Isador Lubin, \
commissioner of Labor Statistics
in the U. S. Dept, of Labor, was ;
giving out figures designed to
prove that wholesale prices had
rieen in this period. To enable i
him to make ths statement, Lubin ■
purposely ignored the gold value i
of the dollair which had fallen 1
sharply. i
I
„ ,
(<D ^»ke Figures (
Present Vholesale prices," said
Mr - Lubin - "cached the highest ;
e i nce August 1931, when the ;
index number reached 72.1. They I
are more than 20 per cent above j
the low of the vear, which was
reached during the week of March 1
L when the index number was i
59.6. Compared with the corre
week of a year ago when
the index nurnber stood at ux
p resen t index shoWs an increase
G f r>early 12 pgr cçjit during the
twelve months
8 per cent in grains and lesser but j
marked advances in wholesale
Prices of livestock, cotton, egg»
and tohacco caused the index num
her of wholesale market prices of
fann prpducts as a whole to rise
nearly 6 per cent.
„ , r _ ..
* or "°l w * ar Consomption
Lubin has resorted here to a
trick which doesn't fool anyone
when they are in possession of a
few more facts. His statement is
intended for popular consumption,
to help the ballyhoo and New Deal
propaganda machine along. In the
bankers and industrialist
Paper, however, the Annalist, pub
lished in New York, these figures
are shown in their proper rela
j tions.
j The Annalist pointed out that
! wholesale prices had fallen two
i W f k ^
they stood at the lo west point
since August. "Lower nrices fog
wbeat eesrSf hogs and beef, and
r-asoliTie. accounted for most of
the loss." said the Analist.
A survey in the pore an gave the
1
"A »harp increase of more than
1 ac cor Vmf '
following information;
own
The difference between Mr. Lu
bin's fleures and the figures of
the Annalist lies in the fact that
the Annalist takes into coisidera
(Continued on last pagre)
i
Ü
yy . ;
■ *
;
.... ,
wanted to keep on fighting for the
Scottsboro boys, actively.
"Then when I realized I'd have
to be operated on, I came here,
and notified Mr. Patterson of the
T t n
* itÿ' vrmw T waq fomod
JYou ^ow I was forced to tee
tify against the boys in the first
trial. I told the truth at the last
trial in Decatur, because I didn't
Want these bovs to die on account
of a lie I told. I have received
threats that 1 will be lynched if
I return and testify in Decatur. I
would he afraid, heeanee I know
(Continued on pageS)
V
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y.<
'Sc-;*
: s»..
P;
RUBY BATES
USE P. 0. SAVINGS
U. S. Buys Its Own Bonds
to Keep Prices
Up
TAX BURDENS SEEN
_
Treasury Determined to
Pay Interest to
Bankers
WASHINGTON, D. C.—
_
Roosevelt government v
oarrowly averted a crisis last
by US111 £ ^, un ^ from
^' om toe Postal; Savings
J* an ks, the Farm Credit fund,
th® Federal Deposit Insur
31106 fund, to buy up govern
m ent bonds which are falling
(rapidly in the Wall Street
market.
, . , . .
, a f aiast tbe people to sup
ply IPnds J for . th ® payment of
î' < r , , r . est pnncipa A 011 , pome 23
dt)1 J ar ® of ^vern
* bonds held b v Wall .street
DanKers -
At the same time. Director of
the Budget Douglas warned that
new and heavier taxes" will be
The gold-buying maneuvers of
President Roosevelt have not
helped the United States govem
ment to ride over the world crisis
successfully, and last week saw
United' State» government bonds,
long regarded as strong as the
rock of Gibraltar, begin to tobog
Kan downward. Rich bondholders
began unloading their bonds on
doVr. still lower. . .
Morgenthau rushed into the mar
ket with all the government funds
available and began buying up
these bonds in an effort to stop
the downward drop in the prices.
The savings of city workers and
farmer» deposited in the Postai
Savings banks were used. The
funds of the Farm Credit Admini
stration, intended for relief to
mortgaged farmers, were next
. used. Towards the end of the
week, an upturn was noted, but
the buying by the government is
being continued to avoid a slide
backward if possible,
To Save Bankers
To protect the credit of the
country" which means protecting
the investments of these bankers.
Acting Secretary of ~
\TnroronfLon inf
Treasury
The government is determined
to continue payments of interest
and principal to the holders of the
23 billion dollars of government
bonds.
There is very little chance, how
ever, that the government can bol
ster the bonds permanently. The
policy of inflation which President
Roosevelt i» following—although
under the name of gold-buying—
will in all likelihood continue. In
anticipation of more inflation bond
holders foresee a government
credit crisis and will continue to
unload their holdings. The Treas
ury department cannot continue to
buy bonds, even with tremendous
tax burdens on the masses.
It i» believed that in order to
help the Treasury Department
weather the present storm tem
porarily, Roosevelt may call a
short halt to gold-buying inflation.
Afterwards, however, a much
steeper inflationary policy is cer
tain.
Sale Tax Coming
The government 1» determined to
continue payments of interest and
principal to the holder» of the 28
billion dollars
bonds, at the expense, of course,
of the masses. Director of Budget
Douglas has declared that the peo
ple must be willing to "make a
sacrifice." and "subiect themselves
to increased taxation." A sales
tax will be proposed when con
gress convenes in January.
of government
The ne\v crisis is accompanied.
of course, by very optimistic state
ments in the capitalist press. The
Financial editor of the Associated
Press sends out an article, placed
°. n pa * e 1 of the big papers which
claims that signs of returning
Prosperity are more clear. NRA
, Adm ,- nistrator Johnson claims we
are «25 per cent recovered." Presi
dent Roosevelt from his winter
quarters in Georgia, attacks every
I one who criticizes the New Deal as
" "
1)068 YOnr U. F. L. local
regular bundle ofthe
Producers Newt every week:
He hints at more "government
The reader will re
N
economies,
member that by government econo
mies. the officials, do not mean
cutting down expenditures for war
preparations. On the contrary, it
means slashing more veterans off
pension lists, or cutting the wages
of government clerks, and em
ployes.