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the bankers, he said. "Of one thing, I am sure: The American people, previous to March 4, 1933, had enough of the kind of thing that 'regimented' thousands of farmers off their farms like the Acadians of Evangeline; that 'regimented' 12 million men into the ranks of the unemployed, closed every bank in the land, and brought our democracy to one of its darkest hours. That, surely, was an economy of chaos. What we are building now is an economy of order, and, if selfish interests do not thwart our efforts, we shall build an economy of abundance. "The man who can tell that to an assemblage of bankers assuredly does not lack courage; but Tugwell led up to that point with a fine persuasiveness. He called the attention of the bankers to a fact which many of them never knew and more seem to have forgotten, the fact that the crash which as the last closed every bank in the country began with the deflation of farmers. "The income of agriculture fell from 12 billion dollars in 1929 to five billions in 1932. (Tugwell might have added that it fell from 17 billions in 1919 to the 12 billions of 1929.) Such disappearance of buying power had the same immediate effect upon outlying banks as if a large part of the people themselves had vanished. The shrinkage in farm income curtailed farmers' demand for goods, aggravating industrial unemployment and speeding up the decline in consumer buying power. Farm prices fell faster and farther than other prices, reaching the lowest recorded levels. This decline carried down the value of lands and chattels which were security for farm credit. "The heavy rate of bank suspensions in rural regions became a wave of failure in 1930 and 1931. These difficulties, with the many other forces of depression, gradually spread to the financial centers, tightening credit there. This happened in spite of all government efforts prior to 1933 to sustain the banks with loans. "Finally, little more than a year ago—on March 3, 1933—the banking system of this country was in a state of collapse. "That situation now has been surmounted. Under the leadership of President Roosevelt, the beginnings of economic recovery have been safely achieved. It is important to note that the interdependence of banking and agriculture has continued to be a factor in recovery, just as it was in depression.' "Read these passages over again; and you will see that it is just simply impossible for any intelligent banker to contradict Tugwell's statements. He will have to dodge the question if he wants to disagree. Tugwell may not be an orator; I suspect he isn't one; one of the most persuasive appeals I have ever read.' "In appeals to a supposedly hostile audience, Mark Anthony's speech at the bier of Caesar—as reported by William Shakespeare—and St. Paul's address to the Athenians where he speaks of their desire 'to hear and tell some new thing,' are no doubt still unequaled. But in any lesser comparisons, Tugwell's flank attack on banking prejudice is a masterpiece.' "Also has anyone ever improved this statement of the plight of the farmers in 1932? If so, I have never read it. Tugwell shows how the farmer still produced almost as much in that year as in 1929, while other industries had dropped from 119 per cent of normal to 63 per cent, and then says: "Agriculture, in effect, was exchanging in 1932 an average unit of its production for little more than half of the normal amount of manufactured goods. By February, 1933, the exchange value of farm products for industrial goods had fallen to 50 per cent of the prewar average. Their exchange value for taxes and credits was even less."—The Railroad Telegrapher. DULL HEADACHES GONE SIMPLE REMEDY DOES IT Headaches caused by constipation are gone after one dose of Adlerika. This cleans all poisons out of BOTH upper and lower bowels. Gives better sleep, ends nervousness.—Ora Hatch, Druggist—In Cassville by The Mink Drug Store. The Ferryville State Bank with deferred deposits of $92,772, and the Farmers' State Bank of Viola with deferred deposits of $124,803 have been authorized to release the deposits and resume operations on an unrestricted basis. DANCE At NORTH ANDOVER Fri., June 1 Music by THE ROYAL COTTON-PICKERS 11 Pieces Colored