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Show The Farmers' Hope Something may eventually be j done lor agriculture because busi- j ness men realize that there can be no prosperity with the farmer in economic distress This is illustrated illus-trated by an address of Senator j Davis, Republican of Pennsylvania, a particular representative of labor, la-bor, who said: "The economic woe of our farm- ' ers has ceased to be a problem solely affecting the welfare of our agricultural regions, and now looms as a serious factor retarding the revival of brisk, industrial and business conditions upon which our so-called periods of national prosperity pros-perity are based. "Substantial prosperity depends largely on the uncurtailed buying power of the general public, and It must be remembered that tha peoplo of the agricultural regions constitute almost 50 per cent of our national population. Hence, It Is obvious that if the people ol the farming regions have empty purses due to 'overproduction and price slashing In the marketing of their products, a tremendous curtailment cur-tailment In the buying power of our national population results. "Much of the fanners' woe can be laid to overproduction, whose Influence lias also disturbed nearly every "other unit of our national Industrial and business structure Overproduction is one of the ugly ducklings which the backwash of the World War- Inflicted upon the world at large. During the war, the United States virtually had a monopoly on farm and factory products, and their ready sales to eager and open markets. At that time most of tho world was engaged en-gaged In butchering human beings and destroying property. Many of the nations were too busy engaging engag-ing in warfare to produce much in factories or on farms. Hence, an era of 'milk and honey' existed at that time for the business, industrial indus-trial and farming activities of out Nation. "But, now the world at large is busy producing the necessities and luxuries of present day civilization demands, and In these unrestricted and unregulated activities the result re-sult has been an orgy of overproduction overpro-duction nearly all over the world. Price slashing tactics and drastic wage cutting programs will not solve the preplexing economic prob lms which are engendered by hog-wild hog-wild over production activities. Profound deliberations by real leaders in the realms of business, industry and finance is required before a sound solution of iime-strlcted iime-strlcted overproduction problems may be attained." |
