Tht RURAL NEW-YORKER 
1361 
How the Farmer Has Gone Broke 
Under This Administration 
D URING the last year of the second Wilson admin¬ 
istration, even after the reaction from high war 
prices, the farm crops of the United States were wotrh 
$10,197,092,000. 
During the first year of the Harding-Coolidge administra¬ 
tion their value shrunk to $6,410,229,000. 
During the last year of the last Democratic administration, 
livestock and livestock products had a value of $7,419,- 
000,000. 
During the first year of the Harding-Coolidge administra¬ 
tion, their value fell to $5,468,000,000. 
During the last year of the last Democratic administration, 
the average acre of farm crops was worth $35.74. 
During the first year of the Harding-Coolidge administra¬ 
tion, the average value of an acre of farm crops was $14.45. 
Although proportionate production has been maintained, 
the increase in the value of crops and of livestock and live¬ 
stock products during the later years of the Harding-Cool¬ 
idge administration has been so small as to be trifling. 
Every piece of legislation enacted during the Harding- 
Coolidge administration intended for the aid or relief of the 
farmer, has been passed through the co-operation of Demo¬ 
crats and independent western Republicans, and over the op¬ 
position of Republican leaders, particularly Speaker Gillett 
and Senator Lodge, of Massachusetts, Republican Floor 
Leader Longworth, of the House, and Representative Wins¬ 
low, of Massachusetts, Chairman of the House Committee on 
Interstate and Foreign Commerce. 
On every piece of legislation of interest to agriculture, 
the proportion of favorable votes by Democrats has been 
greater than that of Republicans, and that of opposing votes 
has been smaller than among Republicans, and this has been 
true of both House and Senate! 
CHAMPLAIN 
STUDIOS INC 
FOR PRESIDENT 
JOHN W. DAVIS 
600,000 Farmers 
In Fifteen States 
Ruined Since 1921 
Under the Harding-Coolidge administra¬ 
tion’s ruinous policy of deflation, of a prohi¬ 
bitive tariff and commercial isolation, shut¬ 
ting off export markets for 'the surplus prod¬ 
ucts of American farms, more than 25 per 
cent, one in four, of the farmers in the States 
west of the Mississippi River have been pau¬ 
perized, either by bankruptcy proceedings, by 
voluntarily surrendering their farms and 
homes to their creditors, or by becoming eco¬ 
nomic serfs to those creditors. 
In fifteen States, 000,000 farmers have been 
economically ruined since 1921! The figures 
are from the Department of Agriculture's 
official reports, under the present Republican 
Secretary. They apply only to January 1, 
1924; if bankruptcies during 1924 were 
added, the total would be even more appall¬ 
ing. for during the first six months of 1924 
there were 342 bank failures in States west 
of the Mississippi River, and they reflect the 
plight of the farmer in the agricultural and 
stock-raising States of that section. 
During the last three yearn of the second 
Wilson administration, 1918 to 1920. inclus¬ 
ive, there were only 189 hank failures in the 
entire country. 
What the 
Democrats Offer 
the Farmer 
The Democratic Party has 
a definite program by means 
of which we hope to restore 
to the farmer the economic 
equality of which he has been 
unjustly deprived. We under¬ 
take : 
To adopt an international policy 
of such co-operation, by direct 
official instead of indirect and 
evasive unofficial means, as icill 
re-establish the farmer's export 
market by restoring the indus¬ 
trial balance in Europe and the 
normal flow of international 
trade with the settlement of 
Europe’s economic problems. 
To adjust the tariff so that the 
farmer and all other classes can 
buy again in a competitive 
market. 
To reduce taxation, both direct 
and indirect, and by strict 
economy to lighten the burdens 
of Government. 
To readjust and lower rail and 
water rates, which will make our 
markets, both for the buyer and 
the seller, national and interna¬ 
tional instead of regional and 
local. 
To bring about the early com¬ 
pletion of internal waterway 
systems for transportation, and 
to develop our water powers for 
cheaper fertiliser and use on 
our farms. 
To stimulate by every proper 
governmental activity the prog¬ 
ress of the co-operative market 
movement and the establishment 
of an export marketing corpora¬ 
tion or commission in order that 
the exportable surplus may not 
establish the price of the whole 
crop. 
To secure for the farmer credits 
suitable for his needs. This is 
our platform and our program: 
and if elected, I purpose with 
the aid of a democratic Congress, 
to put it into effect .”— 
From the speech of ,John II 7 . 
Davis at Omaha, Neb., Sep¬ 
tember 6. 192'i. 
C SMITH 
GAADNCZ 
FOR VICE-PRESIDENT 
CHARLES W. BRYAN 
Heavy Decline in 
Buying Power of 
Farmer’s Dollar 
Figures prepared by the Joint Commission 
(Congressional) of Agricultural Inquiry and 
by Henry C. Wallace, Secretary of Agricul¬ 
ture in the Harding-Coolidge administration, 
picture the serious plight of the farmer. 
The purchasing power of the farmer’s dol¬ 
lar represents what he gets for the products 
of the farm he sells and what he pays for 
food and other necessaries of life which he 
must buy. 
From 1913 to 1919, under a Democratic ad¬ 
ministration and Democratic tariff, the farmer’s 
dollar was worth: In 1913, 100 cents; in 1914, 
105 cents; in 1915, 103 cents; in 1910, 97 
cents; in 1917, 107 cents; in 1918, 112 cents; 
in 1919, 112 cents. These are the figures of 
the Agriculture Commission, whose study went 
only to 1920. 
Secretary Wallace brought them through 
1922. In 1921, the first year of the Harding- 
Coolidge administration, the farmer’s dollar was 
worth only 84 cents, and in 1922, only 89 
tents. 
In 1923, because of the increased prices for 
clothing, fuel, farm implements and other 
things the farmer must buy, measured in other 
than food and farm products, the purchasing 
power was only 59.5 cents! 
VOTE FOR DAVIS AND BRYAN 
COMMON HONESTY 
COMMON JUSTICE 
COMMON COURAGE— 
