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Show MEREDITH WILL ! SUE BRQOKHAHT FORICEflTS Former Secretary of Agriculture Agri-culture Hold Iowa Sen-, ator Libeled Him in Fanners' Plight Speech SENATOR ACCUSED OF JUGGLING TRUTH Action Re.ulU. From Charge Meredith Sat in Wall Street Game and Helped Produce Panic tES MOrXM, Ia An. M fBy A. P.) Charge by Senator Smith W. Brookhart of Iowa that E. T Mere-dlth, Mere-dlth, whll occupying th offlc of crtary of agriculture, nl In th Wall street cam and helped pro-due pro-due th area teat panto In farm prloe In th hlatory of agriculture' prompted Mr. Mer4ttb to Instruct hi attorney to file ult against th senator for libel and dsmsgeg of W cent. Mr. Meredith declared In a statement to th Associated Press today. Senator Brookhart' charges, mad In an addreaa at Radcllffe. In, la at Wednesday. Mr. Meredith aald. -Involve my Integrity and honor and was without basis In fact. "But few people give any reed- ence to Brookhert 'a. statement," Mr. Meredith declared, "and while the damagoa of his statement might he more. I estimate his effectiveness at about 0 cents, so I have Instructed my attorneys to. sus Mr. Brookhart for libel .snd damage In this amount ths real compensation being be-ing In getting Mr. Brookhart on rce-ord rce-ord under oeth. "The public will now ttavs an opportunity op-portunity to ceo how nearly he enn come to proving even ene of bis many mouthing." i , . FUTJL- TO ARQUI. r . ; - "It 1 futile to argue with a man who I an eareleee with his statements state-ments as Senator Brookhart Mr. Meredith continued, recalling thst th senetor had declared the slump In sericulture prices had cost the farmers of the country thirty-two billion dollars or sight billions mors than th who Is cost t th war. . . "The issue between Brookhart and myself waa whether the American farmers financial condition ta wore this year than last, a Brookhart Brook-hart claims I pointed out in a recent re-cent statement that tue grain farmer farm-er -would receive five hnndred mil. lion doilara more for Ma main thla year than laat year, In eplt of th lump In th prloo of wheat. I not that h admit UXa i 1 laat out-buret. out-buret. ' ' Stnc my atatmon? waa wivoa out, tho department of a ii culture ha announoad th aHrolturai price Indeo f turoo aa of Aucuat 1. Thl Index figure Inaluda all the principal prin-cipal farm prod acta and ahowa that1 the American farmer waa II 1-1 per cent better off on Auut 1 than h wa a year ao. and 25.3 p;r cent better off than, two year ago oa Auffuat 1. HOWS REPAYMENT. ' :. -Ths war flnanc corporation flg-uree flg-uree show that the farmer of Iowa, whom Brookhart ha fan-led were ruined long ago. borrows 1 approx-Imately approx-Imately 24.0O0.0h two veer a ago. and that ilT.0M.0o of thst principal prin-cipal sum. with Interest, haa already al-ready been' repaid. In Nebrssks. the farmers hav already repaid eleven-tweirtha of tho money they borrowed, and In Illinois Ihsy have repaid four-fifth of th money they borrowed. "Can Brookhart cotivtrtc anyone. In tho face of those facts that th farmer Is ruined, when he ha recovered re-covered like this?" . "Wbllo there la still plenty , of room for approvement n form price, and thla Is aald wf'h a full understanding of many unfavorable conditions, the, figures Indicate that tha farmers' condition Is Improving Im-proving a I have claimed. Instead of steadily growing worse. "Brookhart, aa haa always been hie practise In bis eampalgna, t-tempta t-tempta to befog the issue between a by claiming thst I sit. in the Wall street em and bsiped prey duce th greatest panic la farm prices in the history of agriculture. MISLEADS FARMERS. ' "H assail my Integrity and honor m an effort to anis.eed, and prejudice preju-dice tho farmers. "Hie charges are not only fa lea, hut libelous and I believe It to be a real o ilea to show the puhlie that Brookhart assjkas many wile) d extravagant statements . without aay baala of facts." In his Bade Iff fs addreaa. Senator Brookhart declared Mr. Meredith, ss secretary of agriculture, wa awar that tbo farmers wsrs to be "denoted." "de-noted." that he wae In a position to aid agriculture, and to avsr; eon-traction, eon-traction, of the price of agricultural product-, but that ha f ai ed to do so. "Instead." said the eenator, -he sat In ths WiH street gams ansT hslped produce the greatest panic in farm prices la tho history of aatl-ultur. aatl-ultur. Bens tor Brokhart further declared -that before th -deflation" of the farmer took place, "th Wall streetece. the packers and the hlg fellewa gjenerally, except Henry Ford, were laying In an ample supply sup-ply of long time credit to tide them ver th defitlon period." Mr. Meredith I IB publisher of farm magaslna. The date the ault ia ts be fifed was not announced, -.... i s |