Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1920-10-27
MEREDITH TALKS
To THE BANKERS
Secretary Says Farmers Loss
Is S2.5O0,OO0,00O.
LIBERAL CREDITS ARE URGED
ghrinkzre in Values Has Hit Rural
Workers 5ard-Fresioent Hawes
q Bankers Association Makes
Plea for Tax Reduction.

Washington. oct. .U.-Shrinkase n
the value 10 farm products 80 far this
season will result Ia American farm
srs receiyeIng S-.JoJ.Uu0Up0 less than
they would have secured on the 1919
price basis. Secretary ~ Agriculture
Meredith said, addressing Tie Amerl-
can Eaukers' association annual con-
VsutlUu-
lie classed the resulting situation
as one (which demsnds the best
thought and sympathetic consideration
az the bankers Uf America, and. IN
fact. u au the people VI the eoun-
try
Air. Meredith estimated that the fail
la corn prices had Involved a billion
dollar loss TO PRODUCES. while the Ce-
crease Coz cotton prices amounted 10
third 90 "a billion dollars. The sit
uat.uu was further much harder for
farmers. Dee said. because tie labor and
materials necessary 20 crop production
lsd begn supplied during the high
price period
Urges More Liberal Credit
-Tle American people must see 10 IL
that farmers secure credit sufficient
Scr their ueeds.~ 3ir. Meredith cunt.n-
usE. -urIy thu. can tley continue Co
surr.r tle nations need for food !
tllus SOU gentlemen -u.iy realize that
~ Tire farmer IS to continue 20 pro
ulrr aud l0 meet the food require
ulsur~ uf the nation Dee must ave al
eruate prices Tor his products.
-Eie FARMER ls uCt the only one
Who would DE- adversely affected u be
fails 10 secure a reasonable return for
BIS efforts. I 90 rot think you can
I'll. 90 see tl.at the farmers problems
are your problems. and that your ulti-
Ilatr prosperity depends upon right
solution ~ the difficulties confronting
tEr farmer
The marketing problem, Mr.. Mere
dIth said Is the greatest one facing
tlt agricultural Interests. He urged
shat bankers assist cooperative farm
crs' enterprises and acknowledged that
bankers already had given very great
aiL~ 90 agriculture.
HAYES Urges Tax Reduction.
Reduction ur federal taxes. COOP
GRAFTON 81 the bankers IN solving the
problems OF the railroads and economy
lu government and private eXpeudi-
lures were urged iu tie annual report
a. Richard :. Halves. president 81 the
association.
UthNr recommendation made BY III.
Halves were that tie transportation
AGA o. aupuLed 80 that bankers and
business men could become directors
~ railroads. that agriculture and for
s..u trade d. encouraged and that
steps be taken Geo relieve the present.
Industrial unrest
Taking up the Tax question, Mr.
Halves said the need was not only FOR
81 reduction az federal taxes, but also
EI- O. trust careful supervision ~ the
taxes
"A SLOGAN rpecufly coined" be said,
-.s appealing. More business ln gov
eminent: less Eu.e. umeut In busi-
ness
W-. uawes declared chat emo tax g.
ELI should Interfere with the gccumu-
...ln. uF wealth. Ur tEe development
rt rEe Industrial ilEs 90 tLe nation"
Bankers and business auen. De con-
f.uusI. should De- permitted 10 serve
GA tEe boards cf directors 81 she
roads. regardless ~ their dealings with
size raiIruadS. bur they should De-
charged with Gun responsibility IN
tle.- duties.