To G. O. Politicians of the Harding-Coolidge era (1921-29) the phrase "Dollar Wheat" was the sorriest raven-croak of agricultural depression. It suggested unpaid mortgages, political revolts, elections lost. When in July, 1923, wheat dropped to 96^ per bu. there was something akin to panic in Republican Washington, with wild talk that a Republican could not be elected President the following year.
Today "Dollar Wheat" is as the caroling of seraphim to Republican ears. Should wheat touch that bright and gilded level before the next presidential election. Republicans will be more confident of...
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