TARIFF WILL BE REAL ISSUE IN ELECTION
TARIFF WILL BE REAL ISSUE IN ELECTION Agricultural West Will Seek Congressmen and Senators Supporting Economic Equality TThe following Is the first In a series of articles on the tariff question...
...But the industrial . East back in power during the past ten I years has refused the people of the | Philippines the promised freedom, so as to got cheaper food...
...George Shihley, director of the Research Institute of Washington, I), f...
...TARIFF WILL BE REAL ISSUE IN ELECTION Agricultural West Will Seek Congressmen and Senators Supporting Economic Equality TThe following Is the first In a series of articles on the tariff question by Mr...
...During the regime of the existing Republican-party government beginning March 4, 1921, the policy of the said government commission has been to deflate as fast as seemed practicable, with a temporary inflation each campaign year to cause better business conditions and thus help to win the election until this year...
...Beginning in 1926 the president has become responsible for the policies of all of his appointees except the judges whose duties are fixed by law...
...The basis of 100 was the average for five years 1910-14 before the war...
...1926...
...Second...
...Freedom for the people of the Philippine islands is another necessity, an Issue in this year's campaign...
...Therefore the 37 agricultural states 1 should be...
...The Meyers Case, 272 U. S. Repts...
...In 1921 the average was 75 per cent...
...Thus the total farm income in this been 12'J, billion dollars at the index country which last year would have for August 1929, will this year of extreme drought be 25 per cent less at the index for August 1930—a loss to the farmer families in a single year of more than 3 billion dollars, the result of deflation by the Republican party government, plus 25 per cent increase in freight charges because of the higher purchasing power of money: and plus much more than 25 per cent increase In taxes for now the farmers are without any profit with which to pay taxes and interest on their debts...
...9, 1929...
...And agricultural prices have been lowered much worse than the average, a drop of 25 per cent: that is, from 143 for August 1929 to 108 for August 1930...
...Summary...
...These experts are receiving their pay from the organized business Interests...
...Our Federal Reserve system consists of 10.000 national banks in 12 districts each with its reserve bank which issues paper money and bank credit based on a gold reserve...
...The 37 agricultural states are paying excessive profits to the business and banking interests, mainly located in the industrial East, which has grown rich from the protective tariff, plus private monopolies -wnich the last three administrations conferred by not administering properly the Federal Trade commission...
...The public are supposed to be protect-| ed from unfair inflation and deflation by a government commission, the Federal Reserve Board, two of its members being direct representatives of the president and the other six members he can discharge at will tthe Meyers case...
...Maryland and West Virginia, continue their legalized robbery of the 37 Agricultural States...
...but defeated by President Hoover and the House, representing the 11 Protective Tariff States...
...But the larger part of these low prices for agricultural products in contrast with the retail prices of the organized business interests, ha.s been | caused by deflation, as we proceed to explain...
...Third...
...During the 13 months July 1929 to August 1930 the deflation has been dreadful: the price-level (the average height of commodity prices at wholesale) has been dropped from 98 to 84 or 14 points, more than 14 per cent...
...In brief, there should be 48 Protected States, .in place of the existing 11 Protective-Tariff States— the Industrial Ea&t...
...Because for now these 11 consecutive years this Industrial East has selfishly dominated in the White House and in Congress it possesses the following privileges, with the 37 agricultural states paying a stupendous tribute: First...
...fully placed within our pro-' tective system, as provided for by the 1 equal right* Senate, representing the large number of agricultural states...
...For the growers of wheat the relative index is 56 per cent, and for growers of cotton 62 peT cent...
...I have described how the 37 agricultural states have been Injured by the deflation and by the excessive prices to | the banking and the business inter-| est*, located mainly in the industrial j East...
...This industrial East Insists on cheap food and is getting it, even in the 'Wrst drought our republic has ever experienced 1 Fourth...
...meirher of the United State Supreme Court bar, and acting national president of the Federation of Liberal precinct clubs of America...
...During the years 1913 to j 1927 both inclusive, the real wage in various industries in our United States rose 44 per cent an hour...
...Our own agricultural states should be j relieved from free trade with these ! tropical islands...
...For the growers of agricultural products of which a surplus is sold abroad, in the world market, in contrast with our protective-tariff prices and monopoly prices which the farmer families pay, the incomes are much worse than the above index-number, which is for 30 agricultural products...
...These Agricultural States are insisting on ihe restoration of Economic Equality, that has been refused them for now the 11th consecutive year by the aforesaid industrial East...
...For August, 1930, this Index number was 73 per cent, even lover than the average for 1^21, the former worst year for the agricultural states...
...The next article will appear in an early Issue of The Progressive.—EDITOR'S NOTE.] By GEORGE SHIBLEY In this year's campaign for the election of the next House of Representatives at Washington, and for one-third of the Senators, the real Issue Is, Shall the 11 Protective-Tariff States of Massachusetts, Rhode Island, Connecticut, Vermont, New Hampshire, New York, New Jersey, Pennsylvania, Delaware...
...National Industrial Conference board's release of Dec...
...These excessive profits are measured in the Farmers' Relative Index number, issued each month by the U. S. Department of Agriculture...
Vol. 1 • September 1930 • No. 42
