Show BUNKEM IN TOTAL COLLAPSE WHEN N HIS 1118 CHARGES ARE ANALYZED appeal to class prejudice by accusing american business Bu sinea of monopolistic conspiracy not supported by facts by wm M BUTLER chairman republican national committee washington gion senator La Pollette opening his campaign with a on lubor labor day pictured the american people as being in a terrible plight and offered a bill of particulars he also proposed his rem remedies edles hit his speech nus till 1111 appeal to class prejudice the facts upon which his speed speech was bused based live belon subjected to careful scrutiny and his allegations do not stand up he fie sald said it 11 monopolistic conspiracy of american business Is sucking the blood bloma worlds and pocketbooks of the american people the truth la Is tile hits has fought monopoly und and preserved tree free comp compellation elltion us proven by tile hie actual price of necessities examining mr lu la Fol follett lettes vili lit in detail how does it square lilt the facts 1 eliut hill do we mean bya by the La Pollette and answering his own question lie sold said we menu mean the coin which ruled rules the coal industry of this country und which fixes tile hie price of 0 coal to the consumer the iut fact Is that in tile the bituminous coul coal industry which comprises 85 per cent of 0 ull oil coal production there Is no sa s1 corporation or group which controls more than 5 3 per cent of the to total ul output light thousand tilde independent are in active competition out halt half of them selling coal tor for less than cost prices tire are lower today than in 1013 though wages are WO per cent above prewar pre war 2 lie said we mean the honking banking combine through its control of the federal reserve board arbitrarily fixed interest rates unil und controls credit in the interest of the big monopoly system it initiated tour four years ago a polley policy of deflation causing a shrinkage in farm prices since 1920 1 tills this deflation def lution was inaugurated and carried out under the democratic administration interest rates were at once lowered when the republican administration cume cattle into office furthermore ther more ilie ahe republican administration appointed a farmer anner on in the federal reserve roi erve board arid and created the inter bediale credit system tor for the fur farmers mers special benefit be nellt mr lafollette La lollette forgets that there hus has been a steady increase in the pikes to the fa farmer riner as well us as kin increase m reuse in the purchasing power of his crops ever since the republican administration reversed the policy of the democratic which placed the llie farmer in the economic situation that lie he was in in 1921 and later this Is shown by the following index numbers of the average price of agricultural products und and the index numbers of the purchasing husina power of the products its HS published by the department of agriculture wholesale prices for farm crops purchasing index power larm farm year yar numbers products 1913 1113 1321 ilia 67 1922 69 1924 7 72 2 july 1921 83 3 3 mr air lafollette Pollette La said th the consumption per capita of cucci u staple f lw d us as breud bread Is iery ery much less than tsiun it was a few years ago it means that there ore are many people in tile the united states today who ito ore are hungry lor for bread dread consumption lius hus been decreasing in the united states in recent years lut but sir mr La lollette distorts the reason eury nation decreases its consumption of breud heu it increases its consumption of wears fruits sugar and oilier palatable foods demanded demun ded by a lilg li ilir lir standard of living senator lafollette Li lollette attempts to conceal the Inc increased reused consumption of other agricultural lito ducts under the low standards of liolu living in ID the consumption of br uni amounts to go CO per cent of the total diet as 20 J per tent lent in the die united states the table shows the increase in of per capita lit in tile united stilted slates in important lines compared lilt cheat beat average annual consumption in pounds per person all heats pork inel inia wheat sugar luril lard beuf beet luid laid 1912 1431 2 to 1549 lali ax 89 9 13 1823 1923 1003 1834 1078 4 lie ile said we nu un the meat packing combination khilch fixes the price of the products of tile the farm etc there are about independent competing packers in the united states three of the th big five to whom mr lollette La refers have had to entirely refinance their business due to enormous losses and one line Is in the lie hands of it re receiver celver the five have earned less lebs than I 1 per cent on goods handled liand ted during the past four years 5 ur mr lafollette lili ulle tK auld arlies ar lIts must be reduced lie ile ut attacked tacked the whole fordney bill 1111 and deiv demanded sill around reduction take tile tariff urr ott dairy products end and you destroy that industry take tile duty off wool mid and you destroy the sheep industry Indu str take the tariff off california fruits and nuts and tile the amerlean growers are at the mercy of the growers and so on down the list take the tariff off manufactured goods and the lie american workingman Is at once in unrestrained competition with the sweated labor of europe mr lafollette sold said 0 the farmer in this country re elves an average of only 40 cents of ill dollar paid by the city consumed con consumer sumei fur farm fann products while the farmer atif Lemus rk receives an average of 80 cents he neglects to state that the farmei in Denni denmark urk Is within miles of ill all consumers while in the united there Is an average of 1200 miles be lueen farmer and consumer 7 he fie said we mean the monopoly etc tile the wholesale price of sugar at ne new york since the 1922 tariff was as passed has averaged a little over 0 cents a pound the average for three years year before the war was a little over clints clients an increase of 30 to 35 33 pet per rent cent tile the average Inc increase reuse in the price of all commodities has been 45 per cent seventy per cent of cuban sugar our chief supply la Is controlled by four or live groups which operate on foreign soil beyond leach of out oui sherman Shur iuan antitrust anti antt trust law but for the competition of american beet sugar these forror four or five groups would con arol absolutely the price of sugar ln in the united states the republican tariff has preserved and tottered fostered the beet sugar industry the cuban croul want to destroy the tariff on sugar so dues does sir mr lafollette 8 ile he sold said we mean the transportation por tation monopoly etc tile the railways vt ix the united states during tile the lust last or years have never earned corned more than 6 per cent on physical valuation and on an average have vw weed ced less than 4 per cent there cannot be much extortion in these earnings remember labor com coin arises 70 per cent of railway operating costs the average railroad wage la Is now 90 per cent above prewar pre war yet the alie railways by great econom economies les of operation have held rates on agricultural products to a point only 45 per cent above prewar pre war level agriculture A arl needs a reduction in freight rates but that does not justify a MIS statement of tile the facts the only way for sir mr lafollette lollette La to bring about the gigantic rate reduction he talks about Is 13 to reduce the wages of railway employees plo and if lie does that lie he will decrease consumption of the farmers produce 9 lie ile sold said we mean the oil monopoly which dictates prices on gasoline throughout the land the average prewar pre war price of gasoline was 16 cents it Is now 19 10 cents un an increase of 0 about 19 per cent remember the average advance in all prices was 45 43 per cent 10 sir mr lafollette lollette La charges barges that the republican administration failed to enforce tile lie laws against combinations and monopolies the fact ls Is congress during this administration passed bills to correct evils attending meat packing and stockyards stock yards ards und and the dealing la in grain autu futures ca under this same administration 43 49 suits were brought to check violations of the antitrust anti trust laws and 47 of them have been cleaned up this Is a greater record than was made in the previous ten years the federal trade commission has ban tiled fled W ia per cent more cases of unfair trade practices during the present republican adminis administration administrate trat lon than in tiny any previous four years senator lafollette sam said j 9 we mean to conserve those nat ural resources and to make available to the people at cost the light heat und and water which can be developed from the water power sites now nou owned by the government what mr La lafollette Pollette really wants Is government development and oper lit atlon ion of public utilities the govern go avem vem ment lias has never been able to operate public utilities as clie aply as can private enterprise what mr Ln Follett LaFollett it means but Is afraid to say any Is social ism the federal water power net act in force since 1020 0 insures permanent public owne ownership rs filp und and control of power sites on public lands and power privileges in navigable and international streams which contain 85 83 pt p or cent of the water resources of tile country mr lafollette did not on this oc cac casion mention hla his proposal of two month ago about government ownership of railways nor his proposal that congress should override the supreme court under government ownership of railways would he give employees the right to strike and disrupt oil all transportation whenever they wanted an increase la in wages wage 1 or would he suppress strikes among government employees and thus thrust all of the railway employees in the country into entire subjection to congress for fort their beir fundamental llvine standards standard sT in the case cage of the plan to let congress override the supreme court it would be interesting to know whether the various minor minorities itle 9 in the united lifted U states are prepared to sacrifice their right to freedom of speech under the present constitution and subordinate such right to the will of a congressional majority |