Pine Bluff daily graphic., 1918-12-27
TO STAPLEIzE WHEAT AND SAtEGUARE: THE:
 GOVERNMENT, PLAN
"G0yernment Purchasing Agency Must Have Ample Funds at All Times To Buy Wheat at Guaranteed Price.

Washington, Dec. 26.-Legislation to make effective the wheat price guar antee for the 1919 crop and at the same time safeguaru tn, government against losses was recommended to Congl ess today by the Department of Agrlcuiture and the Food Administra- tion.
 A memorandum sent to Representa- tive Lover of South Caronna, chair man .or the house agricultural commiH tee, made the tolloWlng recommends t!onS:
 First: Extension by congress beyond June l, 1920, of the date for the aov ernment purchase of tnt 1919 crop.
 Second: Continuance of the food ad minlstration's grain corporation, or creaIlOn or a new agency to buy, store and sell 1919 wheat that may be Ofler ed to the government and:
 Tnlrd: Possible IeglslaIive prOvis- ions to protect the government agalnst wheat or Hour brought in from other countries during the period or erfec, iveness of the guaranteed price and also 10 protect buyers of such whea, is in this country sand not consumed.
 The memorandum was compiled With the approvaf@of President will son.
 Secretary Housean in submitting the memorandum salds
 The governlnenKhas made guar antee ana II goes wltnOu. saylns that IL must De maue effective
 kegaralng extension of the date of government purcnase, the Memoran dum sad: Ut will be Impossible to carry out the guarantee as It IS in- tenaed by June l, 1920, and Ii produc- CTS cannot sell tnelr wneaL to the Unl- ted States Defore the date and are le1t with wheat on hand, IL Will be Ielt that the obligation of the United States berOre that 0ate ana are IeII with wheat on hand, it Will be felt that the oDIlgatlon Of the UnlUed States has not been earned out ln good faith.
 The government purchasing agency" the memorandum set for1u 'nlusL have ample fund to at all times purcnase thTOuguouL the Unlled States at the guaranteed prlLe lch wheat ui the l9IY crop as may be offered to Il and also to provide storage facilities to take care Of inc same by lease 0, purchase of facilities Low ill existence or by building additional facilities, ol both. Fe
 The appropriation vii! have to De on basls to enable the guarantee price to be maintained at all times by purchase of wheat with funds pro vlded by the government and without relying on outside credit"
 The food administration grain cor poration is maintaining the price fol the 1918 crop with it's capital of $l5v, 0UU,OU0 and It's credits, combined witt the export demand for .eat. Tne 191s crop is estimated at 917 ,l000 000 bushel; and on November 29 last. the move ment from the farms amounted to 5SS, 000,000 of which 2o4,00O,O0O was II storage.
 Tt will be observed said tn; memorandum, that there is very large amount of the 1918 crop yet tt bo moved from the farms, and 1t vii take all the resources of the grail corporation and the most carefu attention to every detail to carry Ou the guaranteed price for the crop o 191S."
 The carrying out of the guarantee, price for the 1919 crop presents much more difficult situation, 1t wa pointed out, because the winter whea acreage is about 9,000,000 acres large than that of 1918 and t an increase !!