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Show 20 My fellow citizens, the new administration ••• faces economic conditions, the seriousness of which the state has never known. Our people have been • • • • • • plunged into deepest adversity. Agriculture is in help less and almost hopeless distress. Basic farm commodity prices in recent weeks have receded to levels never before reached in modern times. Our mines are nearly all The price of silver has reached an all-time low, closed. while other metals have suffered similarly. Manufacturing and bus Lne s s .• fee 1 the los s of purehas ing power. stagnation exists in financial circles. Shrinkage of values is endering private and public income uncertain. Unemployment stalks the city streets, and reflects its shadow on rural life. Men's hearts are failing them for fear, and no one can tell what the future ha.s in • • reserve. It state. to note interesting the surveyed the is conditions His rural commercial affairs of the the various background as connected with came to came next, and urban unemployment the regard to During the had been fore; purchasing of underconsumption More than once, that bringing in the chief with also the and his adult came are and financial last. worth His concerns remarks real source on the depression executive another, the of the one of causes and for its not trouble. Blood would lack of purchasing power was in moment's paus. a depression, before its the as of agriculture seemingly year to come, Having presented as boy interests thoroughly analyzed by latter-day economists, saw in a in which Blood economic mtning, business power early years many belief then order express his prime facor both a continuation. dreary economic picture, Blood, branch and possessor of legislative, next took up the influence subject that |
