>v 



-^ 



■ ■.' V'" 



• . ■ ■ ¥ 



IE L A. A. RECORD 



JULY, 1932 



LOATS EXPRESS FARM SENTIMENT 



B 8U„. brtngln. in W each. 



r^o^riicyde Mr. .,,^ 



he set of silver and glasses, 

 ierbert Austin, the farm 



m County. "Our celebra- 

 ry sSJSssful. J^^n Dyer of 

 les speaker. Ten new mem- 



S.OOC «t Morrison 

 ?«de county: "Approxi- 



5.000 people came out for 



celebration and Parade at 

 n. July 4," writes Farm Ad- 

 rank Shunian. "We had 18 

 n all including all but one 

 e sugeested. The winning 

 ms biilt by Lyndon and 



a house on a truck with an 

 iple in front of the door. 

 tie being moved out and did 

 3w where to go because of 

 to pay taxes. Mr. and Mrs. 

 ^Uen portrayed the part of 



couple. The scene was such 

 any bystanders wept, 

 iher very excellent float was 

 ed by Hume township. It 



white and showed a wom- 

 l child standing before a 

 1 with an open Bible, the 



standing under an arch of 

 n the back were two sheaves 

 at with caption 'We have 

 I God, in our country, and In 

 iure'. 



caption on another float 



1860 our country could not 

 alf slave and half free. In 

 ir cour^try cannot continue 



half pt-otected and half un- 

 5d'. 



and Mrs. Wilson Cortright 

 pico deierve honorable men- 

 r the originality of their 

 Dressed as Hiram and Mi- 

 he with chin whiskers, and 

 h an cW fascinator. Driving 

 backbond, they waved and 



to e'erybody as they 

 d the flies off the mules 

 leafy b anch from a tree, 

 the sic J of the dilapidated 

 vere phcards reading: 'Did 

 er ride in one of these? If 

 nt orginize, you may have 



ha»1 a ' ublic address system 

 al' "Oul(j j,ear the afternoon 

 n. Mr. ^r-^nna's remarks were 

 ting." 



parade :,as led by R. A. 

 , A. L. Qcwjdenough, and I. 

 ms, all ifounted. Mr. Good- 



^ P'^^^V^nt of the Farm 

 . and Ml Norrish and Mr. 



arc ^.rmer presidents. 



although 80 years old in 

 ■!?^-4 «^ ^orse like a young- 

 id dena* ujpse in charge to 

 ^isl c< 1 m ti/roi 



High Ihool band, state 

 ons, plq/.d, 



floats "vte-e judged by three 

 per raea: J. H. Terry of the 

 -le Sentlitl, O. C. Herrin of 

 >phetstrWn Echo, and E. H. 

 >f the Herling Gazette. 



Bis: Pande at Morris 



dy Couity: The celebration 

 ris was estimated by many 

 ! l)een ,he largest ever held 

 jounty. More than 5,000 peo- 

 hered 'or the event which 

 from tne time the parade 

 at 11:15 in the morning un- 

 Mt nIgMfall. 



parade \ias two miles in 

 and in:luded 15 floats, dis- 

 )y loca. business and civic 

 ations. vehicles of all de- 

 ns ranging from countless 

 if farm conveyances to the 



machines of today. The 

 on program was held in 

 Park. Charles Cunmiings, 

 !r of the Illinois Grain Corp., 



P. Moore of Peoria were 



rs. 



the ciose of the program 

 nrd witnessed the burning in 

 f the Ibur enemies of agri- 

 inclullng "unjust taxes," 

 rices," "old -man indiffer- 

 ind "poisonous propaganda." 



I. Fischer. DuPage County 

 Jureau member and former 

 •y, li'ing at Elmhurst, 

 ; in 15 new members, 10 into 

 k Cour.ty Farm Bureau, and 

 I the DuPage County organ- 

 Mr. Fischer is a special in- 

 I agent working with gen- 

 Jnt Camcross in Cook coun- 



DERSFAIL 

 m GREGORY 



nued irom page I, Col. 2) 



the plans that have been 

 „ve been adopted too late, 

 ^e been running along be- 

 e depression. The only way 

 it in to head it off. 

 depression has been ac- 

 ied by the most severe drop 

 s that this country has ever 

 )thing destroys public con- 

 and dries up buying power 

 ing prir^-s. Nothing restores 

 y H.S nsir.g prices. 



rity nan exist only when 



exchange goods and serv- 

 ■ly. When prices are faling 

 feline much more rapicUy 

 hers making fair trading 

 >le and drying up business. 



prices fall money becomes 

 .nd harder to get. Since our 



ustlSspaid in money and 

 ?oodr the burden of debt 

 ■^^eaVlefand heavier as 



a'Hnly the relation be- 



tween money and goods. When 

 money is scarce prices go down. 

 When it is pl*^ntiful prices go up. 

 The best way to fight declining 

 prices is to increase the supply of 

 money. It is the duty of govern- 

 ment to provide its people with 

 sufficient money with which to do 

 business. In normal times the banks 

 perform moet of that duty for the 

 government by means of bank 

 credit, which takes the place of 

 money. 



When the banks fail to do it, it 

 is the duty of government to step 

 in and provide more money to 

 make good the shortage of credit. 



That the government has largely 

 failed to do. Its monetary policy 

 has been vacillating and fearful. 



. Suffering and Misery 



So we have come to a situation 

 in which the richest nation in the 

 world in natural resources and pro- 

 ducing ability has 10 million men 

 out of work, and six million farm 

 families working for nothing. Our 

 standards of livhig have been shot 

 to pieces. A land of plenty is filled 

 with suffering and misery. 



This is a depression without rea- 

 son. There is no reason why it 

 should not end tomorrow. 



It does not end because our fi- 

 nancial overlords will not permit 

 its end except on their own terms. 



They fought credit inflation bit- 

 terly, and prevented it during the 

 earlier stages of the depression 

 when it might have been effective. 

 Now that it is becoming apparent 

 that it is too late for credit inflation 

 to become effective, they are op- 

 posing currency inflation just as 

 bitterly. Rather than permit the 

 people to control their own money 

 system, they will pull down the 

 house about their heads. 



It has become apparent that the 

 credit being pumped into business 

 by the Reconstruction Finance 

 Corporation and the Federal Re- 

 serve will, not be sufficient. If It 

 could be supplemented quickly by 

 the Rainey emergency bill to raise 

 farm prices, by the home loan 

 mortgage bank bill, by the Steagall 

 bank guarantee bill, and by an en- 

 larged program of public works to 

 put idle men to work, the combined 

 force might prove strong enough to 

 push back the forces of deflation. 



But the selfish influence of big 

 money has blocked these measures 



in congress. The American Bankers 

 Association has prevented the home 

 loan mortgage bank bill from be- 

 coming'^ a law. It is afraid of fi- 

 nancial competition not under its 

 control. 



If any one thing is obvious, it Is 

 that money and business is based 

 on confidence. We cannot talk con- 

 fidence back into people after bank 

 failures have robbed them of the 

 savings of a generation. We can 

 restore it by placing the guarantee 

 of the government through the fed- 

 eral reserve system back of bank 

 deposits. Such a plan is just as 

 sound as any other kind of in- 

 surance. It must be adopted if 

 we are to save the financial system 

 of the country from the penalty of 

 its own folly. 



Business cannot recover without 

 customers, and customers are of no 

 avail without money in their 

 pockets. Our lost customers are in 

 two classes — the unemployed and 

 the farmers. We can put large 

 numbers of unemployed to work 

 quickly only through an enlarged 

 program of public works. 



V High Prices and Work 



We can restore buying power to 

 farmers quickly only through 

 higher prices. The Rainey bill, pre- 

 pared by the Dlinois Agricultural 

 Association, is designed to do that 

 by giving farmers a higher price 

 in the home market. The exchange 

 value of farm products is only 50 

 per cent of what it was before the 

 war. That disparity must be re- 

 moved so that farmers can buy, 

 and so that their buying will open 

 the factories and put man back to 

 work. i ' • "^ ■ 



Along with everythings* else that 

 may be done, and more imp)ortant 

 than anything else, is a sufficient 

 supply of money. With credit frozen 

 so completely, currency will have to 

 be used much more extensively to 

 take its place. Sooner or later the 

 government will supply that cur- 

 rency, for we are not going to let 

 people starve nor our big banks and 

 life insurance companies go to the 

 wall. We will go far to carry out 

 the will of our financial overlords, 

 but we will not starve for them. 



A new supply of money, adequate 

 to the needs of business, will re- 

 vive confidence and business as if 

 by magic. The sooner we supply it 



the sooner will we be on the road 

 to recovery, and the greater the 

 amount of unnecessary suffering 

 we shall avoid. 



We need have no fear of such 

 excessive inflation as occurred in 

 Germany and Russia after the war. 

 We have efficient machinery for 

 stopping inflation when it has gone ' 

 far enough. 



There are still people who hold 

 up their hands in horror at such 

 remedies as these I have suggested. 

 They are the same people who told 

 us in 1929 that prosperity would last 

 forever. , v 



They tell us now that any remedy 

 powerful enough to be effective is 

 economically unsound. To this I 

 reply that nothing can be more un- 

 sound than our present condition. 



It is unsound to rob a hard work- 

 ing generation of its savings. It is 

 unsound to confiscate the farmer's 

 capital to pay his taxes and inter- 

 est. It is unsound to compel ten; 

 million people to tramp the streets 

 looking for jobs that do not exist; 

 dependent on charity for their 

 daily bread. 



We have worshipped our leaders 

 of industry and finance. They told 

 us to save our money, and we saved 

 it. They told us where to invest it, 

 and we invested it there. They told 

 us to vote for high tariffs and 

 special privileges for others, and we 

 marked the cross in the circle. 



Leadership All Wrong 



Everything they told us was 

 wrong. Now, with our savings 

 gone, our jobs gone, our products 

 begging for a market, the future 

 dark with unknown dangers, why 

 in the name of God should we 

 follow their leadership any longer? 



Rather let us follow our farm 

 leadership which says, "Give vx)rk 

 to the idle, give the farmer a fair 

 price for his products, give the na-- 

 tion a money system that is hon- 

 est. Open the markets and the 

 factory doors and let us work our 

 way back to prosperity." ..;.;: 



We hear much talk in these days 

 about the red menace and the dan- 

 ger of communism. There is no 

 red menace in this country. The 

 great, sound heart of the nation, 

 the millions who work for a living 

 and who want a dollar only in re- 

 turn for an honest dollar's worth 



{Continued on page 4, Col. 5) 



\i 



ComUfy Life P^Of 



TERM INSURANCE TO AGE 65, CONVERTIBLE ANY TIME 



TO MEET the emergency of farmers who need protection but cannot 

 make the outlay immediately needed for an Ordinary Life policy 

 Country Life offers this contract which pays the full face of the policy 

 at death, should death occur before age 65. .. 



Upon attaining age 65, or any time before, while this policy is in full 

 force, it may be converted to a regular form policy, the insured receiving 

 full credit for back premiums paid on the form chosen. In other words 

 to convert as of original age he must pay the back difference between 

 the term policy premium and the Ordinary, 20 Pay or Endowment policv 

 to which he converts, with interest at six per cent. However, the insured 

 may carry this term policy to age 65 and then drop it. Conversion iq 

 not necessary. n lo . 



X .?^^®,^^? ^^® low dividend paying rates for applicants from aires 20 

 • to 50 inclusive, sold in any amounts and at any time of year to anv 

 individual of above mentioned ages in good health. 



COUNTRY LIFE INSURANCE COMPANY PREMIUM RATES FOR 



TERM (TO AGE 65) PARTICIPATING POLICY 



AGES 20 TO 50 INCLUSIVE 



Age Annual Semi-Annual Quarterly Age Ann...! a • 



20 f 10.30 15.36 12.73 36 ,o«!S Semi- Annual Quarterly 



21 10.44 5.43 2.77 37 J^°? 7.12 3.63 



22 10.60. 5.51 2.81 00 \\^^\ 7.30 8.72 



23 10.75 5.59 2.85 ^J J4.35 7^5 -^ 380 



24 • 10.92 5.68 2.89 ^^ 14.71 / 765 390 



25 11.09 5.77 2.94 ^0 15,09 705 \Z, 



26 11.27 5.86 2.99 ^1 1549 ror 1,2 



27 11.46 5.96 3.04 42 15.97 s?n tJ? 



28 11.66 6.06 3.09 43 - le 47 ^0 4.23 



29 11.85 6.16 3.14 44 xilk ^'^^ ^^^ 



30 12.09 6.29 3.20 45 \niL ^'^^ ^.51 



31 12.33 6.41 3.27 46 too? 9-15 4.66 



32 12.57 6.54 3.33 47 ToqJ 9.47 4.83 



33 12.83 6.67 3.4O 48 }?•?? 9.82 5.00 



34 13.10 6.81 3.47 49 iJ-^S ^Ol^ 5.18 

 36 13.39 6.96 3.55 50 ???X 10.56 5.38 



10 97 6 59 



COUNTRY LIFE \:^r^^^^^^^^^^—y 

 INSURANCE CO. 1 -- —'^K:^^'!. i 



608 S. DEARBORN ST. CHICAGO 1^''"" I 



County I 



^ 



.\ \i; 



