Show ASKED p STORES I 1 ANKS r Workers VI in Iu f 0 f ney Ur Urges cs 1 bor Conn Congress e bank bankhe 1 the ban r Coop ot the he farmers theIr the ri en be- be eLbe g j Ol one or r voiced ta e- e s con con- e F Farmers the of I cat author or of F smite control cn f r sinister In c cp onn on- on p n l the the thc cound coun coun- or of di d a t con iO the 4 With ith stores store tv pets e hod ot of optic K of erred method gin g Ic- Ic b Duncan Illinois F adr of th the tb in tre of f lt e of it P fib V r. r M ar Sin d could and l- l ha haco gee cn- cn 0 does d a doesn oftie f central n ral ahou shOuld ld be a aId The rc boob bOo on n or of tJ fabric c of busl- busl sf Id ohe s aDd Id the proof again amade e the store toe or of tD b urged erg Et at It 11 II Men Mend Ien IenI Md or re it F r I f sal said d the n shoP n work work- o des and railroad ing out outs s t r whole whole- fife ive than n 1 toss them at al buying gave for s. s fo rat e at 30 to 40 per per I union products he 1 t Q of Un on other productS nod 1 socks fors for a out factory facton its it's tIC hosiery s J r 8 In Out our aside underwear year and clotho cloth cloth- W. W the pr products products- make o must m of the country countr If T mite the farmers farmer's F Baker o ok of rut Sad Herbert of tho Farm Farm- pre k told his IS hearers I council L ht Farmers SUM u. u f Ir fir lust p ogle S risks of oC arl- arl ite ah the declared The Theto e ebo he his small capital capita to bo cannot bo be expected hours cre c- c or of out 01 the program pro be ram round found pie to re- re l r Ii a means muns the h hY hazards from rom carrying Ah 11 calling Y UI e Im Imposes ses on tits 1 SE tu tax upon hea heavy caPI 1 4 d a b be levied to save blye e e A from rom ho did the he fighting I for r n the our genera president ofed or of T Workers ed i u ted the EC sentiment III 11 ic 11 bank banking In would hS put Si stint apt nto r the hand r n m pf 01 it Il po pos pos- Din to dent deal and to advantage In Ind s Ii d of f business representing the theral pr bank ral I co- co CIt c p Industry t ti uala nula every even tion ot Of which l part parL in community l I E E. Plumb Suggests VV 1 J I Levy T on Property the national debt by a aTT aTy Ty TT property may be mice mice- Glenn E. E Plumb president of or clan Plin league e for a i tripartite railroads said aId in an ade ad- ad e 6 C tonight before the All All- Farmer Fanner Labor operative Co pet the addi in meeting tI Inde indebtedness of or 30 JC he te said Id is so 80 to adjust t tA lh that the 2 cent of or the A n 60 fA per At t of nf n f k the I. I IV per 1 en haIl pay their p percentage of or the 33 3 per r-er cent of or Ii 1 3 33 per cent of or the than Mall pay y the amount due from Crom the t ti p per r cent who own 5 t tOc f the wealth shall not be beto beto to pay more than their pro- pro it 1 tt amount of this Indebted Indebted- Mentioned i im m meet t this Indebtedness by br a stry W we distribute the lia- lia I I etch each nun man in accordance with withIn In III power When hen all Is Isone dine one we e ma may be compelled the the solution on alre-ad alre already adopt adopt- and ond now considered as Jn In Gr Great t tho Britain the dis- dis oi entire national steM debt by a levy upon property l oil nt t My say 1 that this Is the method P be le adopted But we must p M qU question and determine the thc wo Teo 0 recommend of this problem farmer labor c t n co looks o of a operative co-operative Plumb said ald embracing P from the production of or raw to lion manufacture distribution 4 to the rl It t Is hoped horM to Include elude 1 U P wards ards of or ju the project R ft dora Favored Ya d to escape csapo from the I by a government o of or a dominant men to free the I ourselves V-n V from a mono monopoly pol and control of oC credit to I obtain for Cor ourselves In independence inmany Inman in inmany many man fields of or endeavor from which we wc are arc re now barred The Thc present monopoly of or credits he continued has p projected us Into a crisis cri- cri crisis crisis cri cri- sis economic industrial an and political that convicts tho administration an and both political parties of absolute Im- Im potency Mr Ir Plumb sai said those holding the credit monopoly were able to exhaust the taxing power of or tho the government Jo and devoto oto funs funds un raised for purely governmental expenditures to the profit profit profit pro pro- fit o of private industrial control He cited the operation of the federal re reserve reserve re re- serve servo system In Ire illustration saying c ncr c Ranks C Censured d Member banks absolutely control tho the distribution of or credit and directors of or the member banks are arc usually composed composed composed com com- posed of oC a group of or men who manage manabe tho great industrial enterprises of or that community Such enterprises naturally naturally nat nat- have a preferential call upon the credits o of tho the hank bank within their control This if Ie not backed ed by real value is an inflation of the volume of currency an inflation based upon a liability I 1 am Informed that tho the banks of this country have o advanced a a. billion and a half on credit on representations made of oC a supposed government o liability liability It ity to tho of or the note These acceptances do not represent goods boods re received received re- re by tho the government or services rendered to It and In the treasury has re refused refused refused re- re fused to acknowledge any governmental governmental govern govern- o ern mental liability at all Yet hundreds of millions of dollars of federal re reserve TC rc- servo serve e notes have o been issued against t I such suen bills DIllS National Credit Abused The recent treasury department rulIng rulIng rul rul- ing that federal reserve reSer banks might carry Liberty Liberty- bonds as a assets sels at the price rice paid when purchased was an abuse of or national credit Mr 11 Plumb said as many C capitalists subscribed for Cor bonds at par but never paid for Cor them Such holders have ha deposited the bonds with their notes for rediscount and federal reserve notes have o been issued against these credits he said Depreciated value of Liberty bond Issues had caused member banks great distress he said and to fa favor faor or these small groups g the tho treasury treasur order was promulgated at the same time permitting per per- milling them then to Uto compel less Jess favored customers to put up UI further margins to protect depreciated values Mr Ir Plumb expressed belief beller that the action of or the treasury was unconstitutional and added that thaL the retirement of oC all re reserve re- re serve O notes noles Issued against ag these obligations atioS would deflate the national currency by lW a billion an and a n half hair In i orr Mr Plumb vigorously attacked pending pend pend- ing sedition legislation as the tho first time tho the law has undertaken to declare that an injury to property or an act of or hate hale a against property constitutes sedition sedi- sedi tion against the government The Tn People People- have tho time Inalienable n un unalterable unalterable un- un alterable and Indefensible right to change or alter their form of or government govern govern- ment whenever er the tho happiness peace and and prosperity of or the people require it It t ho said That unalterable right Is now non threatened It be must preserved pre pro se served |