OCR Text |
Show YEAR'S PROFIT WILL SETTLE 30-CENT SUIT Senator Brookhart Glad ol Chance to Tell- Undei Oath Financial Schemt t to Make Farmers Pooi ' . JEWELL, Is, Aug. 14 Br A. P.) I Declaring that ha would be "only too glad" to g under oath to "tell Ihe farm of Iowa aSid tha United Btatee what I have learned about the financial srhemes to drive them bark to peasantry," United State Senator Smith W. Brookhart. adhere ad-here today, renewed Ma attack on K. T. Meredith, former secretary of agriculture, with whom he ha taken Issue on the financial condition con-dition of the farmer. It waa Mr. Brookhart'a first public reference to Mr. Meredith sino the latter an. nounced hie Intention to file a suit for alleged libel against tha senator. sena-tor. Mr. Meredith, too, would be under un-der oath." aald the senator, "and will find out from hia own mouth whether he made a-fight against tha deflation "of the farmers or whether ha eat mum in tha Wall street game " Senator Brookhart attacked Mr. Mereditha figurea and aiemente on war finance corporation loans to Iowa farmers, and told hia au-dleno au-dleno that "the tlma hts coma when the farmers ehould kick the Meredith out over the dashboard and flgur their own busineea for themselves." . SENATOR MAKES OFFER. ' Tha senator declared he would "like to offer" Mr. Meredith the profita from hia 240-aore farm In eettlement of tha proposed 40-cent libel damage ault. It Mr. Meredith should accept, under tha condition that ha would pay the operating coata. Interval and tazea, aald Mr. Brookhart, "1 would ba aeveral hundred hun-dred dollars ahead." Hia address follbw. In part: ' "My speech at Radrllffe seems to have offended Mr. E. T. Meredith Mere-dith very grievously, and now he propose to cue me for 10 cent damage. I am glad that he hae been so eonaiderata In the amount, for, If ha beats me, that la about all that I can aava out of my salary after paying thla year deficit on my farm. . "But Mr. Meredith doe not want to settle. He wante to put me on record under oath. Thl I welcome. I will be only toa glad to tell the farmer of Iowa and of the United States, under oath, what I have learned aobut the financial achemes to drive them back to peasantry. "Tha Manufacturers' Record says tha deflation policy cost the farmer of the United Btatee thirty-two blllione of dollar. lghteen bllllone I In reduction af land valuea and fourteen billion upon th crop of 1M0 and 121. The department of commerce pat thle laat Item at aev. enteen billion dollars, but Mr. Mere, dith, in hia atatementa, Intlma'.ee ! that he never head of these deflation, defla-tion, . DENIES FARMER ISSUE. "He aaye tha laeua between a I whether the American farmer'e financial fi-nancial condition la worse thla year than laac Thar la no euch laaua with me. The only lsaus with me la whether or not the farmer la get-ting get-ting a equare deal this year, last year and every other year, i And I deny he le getting It. He waa behind be-hind in 1021, he went more behind in 1021. and he la going more behind be-hind In 121, la aplte af the ltv per cent aocalled 'better off" of tha agricultural department ' "If a farmer lost fiooo In 111 and then loot IM In 121, and then Inst 20 In 121, I think he I worse off all the time and not better, and 1 think be fall to get a square deal very year. "The moat ameslna nart of Mr. Meredlth'a atatement la tha war fl- I nance corporation figurea. Ha pre tea about my Inaccuracies of atatement, and then aaye tha farm-ero farm-ero of Iowa borrowed $24,000,000 two years ago from the war finance fi-nance corporation. In fact, tha farmers of Iowa did not borrow 1 cent from thla corporation, Tha war finance corporation la a Wall street control lad natltutlna that lends only to bank a and selected cooperatives. These Iowa loana were all to banks. "It made Ita red tape and rules of eecurUlee ao offensive that tha banke have paid off IIT.OOO.OOO of these loans. Many of theaa hanks got their fuada elsewhere and did not collect one dollar from tha farm-era. farm-era. Even If the fanners had paid this amount, ft U not paid out of the crop of 121. which la not yet marketed, and what they did pay Is mostly out of tha 192 crop. Hence theae figurea are another camouflage ca-mouflage to deceive the farm era." |