Bisbee daily review., 1917-08-31

| | in the interests of the common good. Great pressure was brought to bear on the committee from many quarters to set the price at higher figure | than that named, but the final confer ence, members declared, represented a majority opinion of what is fairest | to all the interests of the country. Cost of Porduction The cost of production came in for considerable discussion. Exports of the department of agriculture were asked for cost production figures and data supplied by growers organlza- tions. It was realized that some grow CTS will be forced to sell their wheat at loss while many others will make high profit.
 Committees Work Ends
 The committees work ended with the fixing of a price. Besides Dr. Garfield, the chairman, the other mem bers present were:
 Charles J. Barrett of Georgia, pres l E. Funk of Illinois, president of the | Corn Growers association; Edward F. Ladd, president of the North Dakota Agricultural college; J. w. Shorthill of Nebraska, secretary of the national council of farmers cooperative asso- citations; L. J. Nabor, president of the Ohio state granges; Henry K. Waters, president of the Kansas Agri- cultural college; w. N. Doak of Rca- noke, Va, president of the Brother hood of Railroad Trainmen; James w. Sullivan of New York of the Am erican Federation of Labor; F. w. Taussig of the livestock commission, ard Theodore N. Vail, president of the American Telephone & Telegraph company.
 Labor Vote Low.
 Labor representatives on the com mittee voted first for s1.S4 and the farmers for s250 After long discus sion the compromise at S2.20 was ap- proved unanimously.
 The announcement was made at the white house in the following state ment by the president:
 Price Will Stick.
 Section II of the food act provides among other things for the purchase and sale of wheat and flour by the gov ernment and appropriates money for the purpose. The purchase of wheat and flour for our allies and to con siderable degree for neutral countries also. has been placed under the con trol of the food administration. I have appointed a committee to determine fair price to be paid in government purchases. The price now recom- mended by that committee-S22 per bushel at Chicago, for the basic grade will be rigidly adhered to by the food administration.
 Hope For Stable Price.
 Tt is the hope and expectation of the food administration, and my own also, that this step will at once stabil- ize and keep within moderate bounds the price of wheat for all transactions throughout the present crop year. and iii consequence the prices of four and bread also. The food act has given larger powers for the control of stor- age and exchange operations and these T powers will be fully exercised. An inevitable consequence will be that financial dealings cannot follow their usual course. Whatever maybe the advantages and disadvantages of or dinary trading, it cannot function well under such disturbed and abnormal conditions as now exist. In its place the food administration now fixes for its purchases a fair price, as reconl- mended unanimously by a committee representative of all interests in all sections and thereby it will eliminate . speculation, make possible the conduct of every operation in the full light ot , day, maintain the publicly stated price for all and through economies made possible by stablzation ana control, better the position of consum- CTS also.
 Hoover Takes No Part. MT. Hoover at his expressed wish, has taken no part in the deliberations O: the committee on whose recommen- dation I determine the governments fair price nor has he in any way in timated an opinion regarding that price"
 Report of Committee.
 'The undersigned committee has , been asked by you to recommend the price which the government should pay for the 1917 crop of wheat.
 In its deliberations the committee has kept constantly in mind the three following factors:
 "First-The fact that the United States is at war.
 'Second-The need of encouraging the producer.
 "Third-The necessity of reducing the cost of living to the consumer.
 Normal Laws No Avail.
 The normal laws of supply and de- mand have been violently interfered with and congress has undertaken to