The Washington times., 1918-12-16
THE PRODUCER.

Every producer whether farmer, miner manufae;
to make ahead of time to develop produc
poduc before the COMMODITIES are produced in order to
himself reasonable profit and above the cost
At the present moment the producer knows what
the future has for him The southern farmer for
will yield the best return The future prices OF these
will be largely affected HS matter OF % :. Gea rl
regulated by the which these staples will be put in
ythe future
Whether not peanuts will be used on large scale
for crushing purpose. hs peanut ysdbng dir very high a GTa
COY Consumption tsinee Contains large quantity hggad
are I'll maes sS a n bsiness IS DEVELOPED will
mean larger market more uniform demand Tor peanuts
farmer
IT, other hand, the industry in the United
past with attention given its development so far as pea
oil and peanut -four are concerned then We nst Lgs
s satisfied oR @ Sm R e6s61a: t and
tSstandne the fact that we have an of uncu
soil available for the raising Of to an extent
with cheap oil AID aGg at Op very TGee 2es
sonable pceshe virgin qualities Of peanut oil tor saaa
cooking and the refined lower qualities LOT
Of lesson: taught sy the the To5 fo6d.; '1t a1
materials (esPssiay Ois IaIs @ sn 10 oS stored
away in bsnkers' vaults.
Whether cotton is exported on very large M
hshgrade Egyptian o be woven into linens laff, G
etc, for our own gsel VIII navG @ ,Ie nrodneon of
cotton in the south.
Whether or not sesame seed. which grows wild in the
south will be cultivated developed and become staple
farming product is also of great importance 70 th
s61 5 bSsde oil and today we depend almost entirely
upon India and China for these products: ,..
We do not pretend speak experts about cotton but
we speak about oils for that our % mG
We prepared TO show that the ove anu tS and
sesame e oil Industry have greatly neglected in this
the part of the bankers to tho importance OF Their tun
tioning properly assisting in the deve opment ana pro
oF
willingness accept olives olive OIL peanuts PeSna a o,
sonable cost time and place OF production 10 TIME anu
place of consumption
Pas business record. be used for eomparsve Pu
poses Time is of the biggest factors 10 every I
Fr 70 nroduce properly low cost he must engage ms
raw matera-nake his selling plan-hnd his market long
= before the goods are produced
auy lines is almost standsl and the ultimate con
with until matters adjusted and until producers hnd
their opportunity and commence to operate on large pro-
ductSe scale:
We must remember that every additional cent increase
In producers cost sheet means two additional cents IN
sue pays only the producers additional cost
but charges on that cent and the mddemans profit
as we'll
The manufacturer {whO is producer In manner dii-
ucts from raw Is also peculiarly unsettled
dcament He cannot safely buy raw materal,plan any
loves cosEorganze his salesorce order reduce his
overhead he knows more ABOUT be 1 hn6 he uT.i eas
mon to paw his bankers and how staple that interest rate
with money pancy conditions that have from the
to time destroyed values to the extent OF hundreds OF |
lions of dollars.
The Federal Reserve Act has made money panics i'm
possible and investigation will show that IT IS capable OF in
surinR business stability lowering OF the cost OF
living and accomplishment of even more wonderful re-
suits if administered with the economic problems iul' In
mind
The idea seems prevail among bankers (and even
those who administer the Federal Reserve Act that
the Federal Reserve Banking system should act only as an
aid 70 bankers first aid to the nJured-the public
Who are injured every time they have to Tor COM
modities than sane, economic production demands
Relatively speaking commodity banking is almost
knovu today United States Compare London bank
ing to New York banking; compare Paris banking to New
Vr bankne: compare Berlin banking to New York bank
ingand what you fnd1 You will find trained merchant