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Show FARMERS SUFFER FROM INFLATION "In the long run," says Henry Morgenthau, Jr., secretary of the treasury, "the worst sufferers from inflation are farmers themselves." them-selves." We are not expert upon the subject sub-ject but we have some recollections recollec-tions as to what occurred in 1921 and it is our solemn opinion that Henry spoke a mouthful. The plight of agriculture, in the United States, after 1921, was deplorable. de-plorable. Farmers of this country can still testify to the blighting scourge that bankrupted agriculture agricul-ture as an industry. They should be very careful before following the lure of excessive prices. We think the farmers should concentrate their efforts upon the attainment of parity. They should resolutely oppose exorbitant price levels for other services and supplies. sup-plies. It is the only way to permanent per-manent prosperity on the farm. It is comforting to hear some leaders talking about new high prices for agricultural commodities commodi-ties but farmers, before joining iri the demand, should rely upon the sound advice of experts who have studied their problems. They shoud pause, just long enough to hear the voices of the past which will remind them of the hard road they traveled after 1921. |