Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-09

'S"'"c6 SoHit7'eeee 20 corner with
Bankers in Chicago to Form FL
nance Corporation.
indianapolis, Ind, Dec. s.-Dele-
gates to the American Farm Bureau
Federation last night adopted q RESI-.
luton urging congress to prohibit
short selling IT. agricultural products
on the board of trade Too many NIL
lions of bushels of fictitious grain are
sold for future delivery depressing
the market. they say.
The federal trades commission was
asked to- delay any plan Of disposal
Of the Chicago and other stockyards
Until the farmers live stock market
Ing committee of fifteen has had an
opportunity to examine all such prop
ositions.
A lone delegate from Missouri op-
posed resolution sympathizing with
the union man. favorinS fair working
conditions, and opposing organized
strikes. He declared that from his ex-
perience,- the man in the shop did
not want or need the farmers SYM
pathy.
Banking and commercial interests
were asked to cooperate in their, eff
forts to get immediate relief from
the present economic condition by
the extension and renewal of notes.
The legislative bureau of the fedora
tlon will make a special study OF
rural personal credits.
The federal farm loan act was ap-
proved and an amendment was asked
to increase the loan limit from &c.
600 to $40, 900.
At the request OF the American
Bankers Association COMMITTEES
consisting Of President il r. Howard,
George Fox and C. Thorne of Him
OILS; E.. Cunningham. Iowa; ]. S.
Krenshaw. Kentucky. Don Living
ston, South Dakota; w. S. Shearer,
Idaho and II. T.. Gore. West Virginia
will meet at the Congress hotel in
Chicago with representative bankers
and business men to consider a for
eign trade financing organization
with a capital stock Of 800 900 900.
The national bureau Is opposed to
the policy of drastic and precipitate
defatior, which it said seems to have
been instituted by the federal reserve
board and national treasury, and
looks upon 1t as dangerous to the
best interests Of the entire nation
during the present crisis.
Tariff laws are favored which will
give farmers that measure of pro-
lection which may be necessary to
equalize the difference between the
costs Of production of farm products
in this country and the cost of com
peting countries where land is
cheaper and living standards are low
err.
The principle Of guaranteeing a
fixed return to public utilities and
railroads on a cost-plus was de-
nounceded as un-American. A pro-
test was made to the action of the
Interstate commerce commission In
fixing the value of property of trans
portation systems at an inflated
price" The bureau claims the trans
portation property value is $5,000,-
100000 in excess of the commercial
value.
To aid in the intelligent marketing
of farm products the national favors
VIC ooe"piAohiiioiit VI q research Du-
reau. The department Of agriculture
was asked to establish a worldwide
market news service that will give
American farmers a knowledge Of
production demands and prices.
Representative Of agriculture or
CARNATIONS in foreign countries will
be invited to attend the annual cor-
vention of the American Farm Bill
reau Federation. A delegate repre-
senting the federal farm bureau has
just returned from meeting Of the
international institute of agriculture
recently held in Rome.
Man Fearing Insanity Shoots Sale