OCR Text |
Show farm u;;:o:i m ATTACKS SPECULATION By C. S. Barrett Preeldent Farmers' tdueational and Cooperative Union af America. By Special Newa Service. UNION CITY. . O-, Jun t. Any, thine done la the nam of biutnea so hypnettie tha American people that they become very polite, and thus It hag com about that w have, dignified dig-nified gambling by calling It peculation. pecu-lation. Tha difference between legitimate bnainaa and tola gambling which we call apacnlatloa I that in an honest baalnea transaction both parties to th deal are benefited, whereas In th (peculattv transaction one man muat loae that another may win. , In tha long ran, th producer, whose product are tha counter In th gambling gam, are th big loeera, though they may never hav had any part In tha gambling. Tor fourteen year w hav been publishing thl truth, hut never hav w beea able to get a hearing. Th cotton farmer of th South have, In tha last forty-nln year, been robbed of fully eight thousand millions of dollars by th speculation In cotton. In tha am period the wheat farmer farm-er hav been mulcted In aa equally lanr m by th peculatlo In wheat. , - W'e-eea aaw aea where soma of th wealth produced In th country ha gone. It ha taken thl frightful fright-ful war. with all tta calamltle and suffering, to epea tha ayea of people peo-ple to th evil at speculation. And even now they only see It because th food gambler are making vrybody pay th losses that they may pile up unearned millions. Now the people are talking about lampposts for food speculator. Even that drastic remedy would ba merely treating a symptom. - Th disease moat be eradicated. We nnat abolish abol-ish speculation In all our products. Many people confound the speculators specula-tors with middlemen. This I a fatal error. W need legitimate middlemen, handling actual prodacts In a bust-neaa bust-neaa way: but whan a fellow In New York sell oottoa eon tree ta. from a Hill ofrv to th extent of hundreds hun-dreds of thousands of bales annually never seeing and never handling a bala of actual cotton, he Is not a needed middleman, but a psraelta Tak th same condition In the Chicago Chi-cago grain market, and you hav another an-other parasite. No parasitic growth la healthful, and If we allow " con-llpued con-llpued growth, ft eventually destroy Uiat to which It attache Itself. If thl hell of war wakea a up to th aaoeeelty of cutting out thle para, attic traffic. It will, despite all It Buffering, Buf-fering, prove tha eventual aalva-Uoa aalva-Uoa of laaiUmaU Industry In our country coun-try - 't |