The Washington times., 1920-11-19
THE WASHINGTON TINES FRIDAY NOVEMBER 10, $780,

unnecessary mlddlemen and unwary
ranted speculation In agricultural
products.
He became Interested In this prob
lem recently. IL Is said, whe. he was
invited by the state authorities Of
hansas TO speak TO them on the asrl-
cultural situation.
Mr.. Bsrsek, ID was stated. has de-
teraiaed 10 devote . large part 0f
his time and fortune 10 the study
Of problems Of Hsrssseuat Dublle is-
terest sad the sevsieps.~nt OF con
struettvs programs fes deaiins with
them. His wealth has been vartsusiy
e.tiu~tsd 81 trs@ asty 20 10000
OOe.
=. PROBE UNDER WAY.
"ouestionsd today regarding the
work he has undertaken for MT. Ba.
ruch. Mr.. Lauek stated that his In
vestlgati0ns OF marketing conditions
are well under way. and that he ex-
poets them to be complete within b
short time.
"ons Of the most interesting phases
OF the study We are making for Mr..
BaTuch," said Lauck. "is the attempt
to ascertain what the total volume
OF credit facilities OF the country are.
and to what comparative extent these
credit facilities have been enjoyed
By commercial and industrial estab-
Iishments. the Government, private
banking houses engaged In the pro-
motion OF new corporate enterprises.
and stock market spectators and
manopulators as contTAsted with the
farmer or producer of agricultural
products"
Incidental to this main line OF in.
m Mr. I.anpk aain the nj - m m
will also be made to ascertain the ex.
tent to which country banks take
funds which should be available for
local credit and l. d. them to New
York end other city banks for use in
the call money market because OF the
high rates Of interest which specula
tors and stock Jobbers are enabled &c
offer for the uBe Of funds in marginal
speculation.
The inquiry will also include a criti.
cai analysis of the scope and opera.
tions OF the Farm Loan Board and the
proposals which have been made for
extending its activities, Mr.. Lauck
said.
When the facts have been ascer-
tanned. 1t is Mr.. Baruch's intention to
recommend such constructive lcgisla-
tion as he deems proper in dealing
't'i VIC iilS
ton. IL wRs said. will FIRST take the
form of report to the Kansas STATE
authorities, though II Is expected that
both the facts divulGed b. the inves.
tigation and the conclusions Will bc
presented to farmers all over tn,
country through the medium OF agri
cultural newspapers and periodicals
Mr.. Baruch has becO M much Inter
hsted. ii Is said. in the idea OF co-opera-
tion in the marketing OF farm pro-
ducts and this study is believed to
have been undertaken with view u
securing all the facts before coming
to final conclusion Nas to what
should be the remedy for the present
situation. which many critics contend
has the effect OF depressing agricui-
,urc on the one hand and exploiting
the consumer Of agricultural products
on the other.
NAY START NEWSPAPER.
Other problems to be taken up by
Mr.. Baruch in the near future. II WAS
said. are those arising from the rela-
tions OF capital with labor.
Baruch Is Understood to be consid-
cring the establishment Of news
paper in order that greater publicity
NAV be given to his conclusions on
various subjects.
Baruch took an active part in tho
executive work incident to .tmeri ca a Z
participation in the world war. serV-
ing on the council Of National De-
fense, the War Industries Board. tho
American Commission to Negotiate
Peace. and the Supreme Economic
Council. and he was one OF the chief
economic advisers to the President
at Paris. For years h" has been IL
member Of the New York Stock Ex-
change and prominently identified
with the greatst financial interests
in America.
IL Waa sfnind fndas fkaf 1,