Kankakee Valley Post, Volume 3, Number 3, DeMotte, Jasper County, 1 June 1933 — EDITORIAL [ARTICLE+ILLUSTRATION]

EDITORIAL

The college professors who received so much notoriety over their plan for an electric dollar seem to have made a poor guess. What the democrats really propose to give us is a rubber dollar. One that can be expanded or contracted at will. In-

stead of being on a gold standard our currency is to be on a rubber standard. While it took a swift kick to get the price of grains started upward they have had good statistical reasons for their advance. Nature compelled the farmers in the southwestern part of the wheat country to make a much more drastic curtailment of acreage than the Agricultural Department considered necessary in their “Controlled Acreage” plans. It is estimated that the world wheat crop for 1933, is 13,500,000 acres less than in 1932, Russia whose speculation in American wheat when they sold short here and broke the Liverpool price with cargoes of grain has almost a famine shortage which may force them into the world market again as a buyer. We believe that Russia has been a great influence in the world history, both financial and social, just as the American and French revolutionists were, and as it spends its force in radical changes it will itself become more nearly uniform with the rest of the world.