Page 2 of 26 Sep 1934 Issue of Albert Lea Freeborn Patriot in Albert-Lea, Minnesota

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Albert Lea Freeborn Patriot (Newspaper) - September 26, 1934, Albert Lea, Minnesota 2freeborn Patriot i style shop 129 e. William St. Special for saturday too hats at 1.00 each Coats select your coat now at these Low prices. Sizes 14 to 52 10.00 13.50 15.00 21.50 $27.00 brassiere for Short figures Hocks on left Side sizes 42 amp 48 at 75c Hose special service weight 69c bargain rack at cos Large Gorp rat on statistics indicate 70 per cent of farm mortgages held by with the rapid decrease in banners a income taken together with the increase in farm debt widespread bankruptcies foreclosures forced sales and Transfer of title to creditors were caused. Consequently. Farmers were steadily losing title to the land outright and were forced to become tenant far Ruers. The following tables show the decrease in farm ownership and the increase in farm tenancy. In the United states from u. S. Dept of a farms farms owner tenant operated operated 19205,314,150 2,185,480 19305.185,399 3,671,667 this shows an increase of 1,-486,187 in tenant operated farms in the United states. In Minnesota from v. Of Minn farms farms owner tenant operated 1920132.744 1930126,570 equity or actual ownership of All Minnesota Farmers in 1933. Stating this in another Way a Farmer who has been Able to keep title to his land has lost Over 60 per cent of his ownership. He is 60 per cent poorer so far As his land is concerned. This has been brought about by increased mortgage debt increased interest charges and decreased land values. Now we see what the debt and income problems mean to the Farmer. He now has Only 40 per cent of his land and 29 per cent of his income compared to ten years ago. Any Farmer is Well aware of his own individual situation but these figures give a Clear and accurate picture of the destitution of All Farmers throughout the entire state of Minnesota. J Hunts ii Winter King a Ani other ii Good Coal operated 44,138 57,638 this shows an increase of Over 130% in tenant operated farms in Minnesota in ten years. These figures give a general i idea on the rate at which Minnesota Farmers Are losing their land land becoming tenants. Bear in i mind that 70 per cent of All mortgages Are held by the big corporations. With the decrease in farm values these big corporations Are fast becoming land owning Barons and Farmers by the thousands through the taking of interest Are becoming the serfs. The patriotic cry of american individualism j works Fine for the mortgage Holder but has no meaning for the farm Ier. For those Farmers who Are still fortunate enough to hold the title to their property even with a j mortgage it is Only a question of time before they too wih pay rent to the Barons Minnesota owner Farmers have steadily been losing their equities in the land. The Farmers equity los the difference Between the mar Jet value and the mortgage debt. In the final analysis this is the exact measurement of the farm Erst ownership. To illustrate the dwindling away of the Farmers equity in Minnesota we will use figures from the University of Minnesota for the past to years. In 1924, the value of All farm land in Minnesota less mortgage debt was $2,284,000,000. By 1933 the value had dropped to $899,000,000. Therefore $899,000,000 is the kindling i dial 4152 i a Ava Vava away my 11 some Al achievements 1. A satisfactory redistricting measure a substitute for the unfair Bill vetoed by governor Olson in 1931. 2. An equitable metropolitan sewage disposal Law also a substitute for the special privilege Bill vetoed by governor Olson in 1931. S. A Quot mortgage moratorium Law designed to relieve the distressed Farmer and Home owner. 4. The Homestead tax Law which Lowers the tax Levy on Small farms and Homes. 5. The Ole Margarine tax Law which prohibits under penalty of tax the use of foreign oils in the manufacture of All Ole Margarine sold Iii Minnesota. 6. The statutory income tax a Law that levies a tax on net incomes As a replacement for real estate taxes. 7. The Chain store tax and a Bank reorganization act. 8. The creation of a land use committee. 9. Two gasoline tax evasion Laws. 10. A compulsory old age pension Law. 11. Amended the co operative Law to permit the organization of co operative trucking and transportation associations. 12. Strengthening of the securities Law with reference to Sale of stocks and Bonds. 13. Relief Bills passed at the regular session of 1938. 14. A $5,000,000 Relief Bill enacted at the special session of 1933. The election in november of the Maytag sales amp service Model to Maytag Washer dial 2175 $57.95 136 West Clark Street m Odol 224�?a to x All wave super Heterodyne n hand rub bed Walnut finished console. Liet Prole with Ria Omlero sen Eitle tube Ith this radio you really enjoy 0- Orelyn reception it fun to go a distance Hunting for foreign programs. But its better fun to bring them in with this marvelous new rag Victor Globe Trotter which tunes out buzzing and fuzziness and tunes in glorious tone. Enjoy the thrill of hearing broadcasts from All Over the world As they should be heard. Come in today and examine this great new instrument. Check theses features v i world wide Range that in really world wide. V 2�?tone that is gloriously life like and natural. V 3�?cabinetry of Mirror like Lustre and time proof construction. For Sale by Sorenson a furniture co. Complete Farmer labor ticket and a legislature of candidates having Farmer i Abor endorsement will for the first time give Minnesota a genuine Farmer labor government and allow the will of the people to in enacted into Law without the nullifying effect of big business legislators

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