DESPERATE APPEAL FO CREDI AID
TURNE DOW N RESERV E BOARD
Representatives of 22 Farm Organizations Learn That Wall Street
Js Squeezing ThemPolitician-Bankers Have No Fear of Organ-
ization Without Political KickBankers' Association Brags of
Making Public OpinionOur Coal Shortage Aid to Striking British
MinersEngland Eliminates Canadian Ambassador HereForty
Railroad Congressmen Beaten in Primaries.
WASHINGTON, D. C. After
three days of debate, committee dis
cussion, reports, visits of appeal and
protest to the treasury and federal
reserve board and^ fShitless attempts
to get in touch with the president,
the 60 delegates from 22 farm organ
izations who met here October 12 to
deal with the collapse of prices of
farm crops have gone home.
They have gone with* empty hands,
and with bleak despair in their
hearts. JThey know, now, that Wall
street is squeezing them, as it did in
the panic of 1873 and in 1893, and
that the federal reserve board and the
secretary of the treasury are going
to stand by and refuse to offer any
help.
This was no make-believe protest.
The delegates represented hundreds
of thousands of southern farmers,
whose children must be taken from
high school and college if cotton
prices do not go up within a few
weeks. Mortgage foreclosures will be
plentiful in the South next spring. One
planter from Texas stated that he had
been unable ^o get a bid at 7 cents
a pound for his cotton, which had
been grown for a market between 30
and 40 cents.
