Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-12-24

| IL mVAtAS VI IAc yed1 duu ILLUS relieve
him Of his present necessity to market
the greater portion of his crop in from
three to six months.
A clearer understanding Of the econ
omic forces behind the present situation
and better appreciation Of the prob
lens confronting the farmer on the one
hand and the banker on the other result
ed from yesterday IS meeting. Resolutions
embodying this sentiment were passed
at the close Of the conference, which
was attended by the between four and
five hundred farmers and bankers living
within a radius Of 125 miles Of st.
Cloud.
The resolutions endorsed at the meet
ing are these:
ave, the members Of the fourth
famer-banker conference called by the
Minnesota Farm Bureau Federation to
establish better understanding be-
tween producers and bankers, are con-
vinced that while the rural credit stu
alton is not alarming, it is very Serious
and calls for the earnest cooperation
Of all concerned. We believe that the
financial condition of Minnesota agri.
culture, as whole, is fundamentally
sound, but we also believe that for the
welfare of the community at large, no
effort should be spared to enable the
farmer to avoid any reduction in his
operations as producer; to record the
sentiment developed at these confer
ences, and to inform Minnesota's con-
gressmen and citizens generally as to
the results Of the discussions between
farmers and bankers, be it
"Resolved, That we ask that in the
event the supreme court does not uphold
the federal farm loan act such legisla-
ton be passed as will permit the opera
ton of the Federal Land bank to make
loans to farmers; and we further urge
the enactment of legislation authorizing
the Federal Land bank or the Federal
Reserve bank to make long time loans
to farmers on liquid assets.
eve urge upon the farmers and
bankers Of Minnesota, the utmost frank
ness in their dealings with each other
to the end that misunderstanding may
be avoided and mutual confidence es-
tablished.
"We urge cooperative action of the
producers; and whatever legislation may
be necessary to enable the farmer to
distribute his products at minimum cost
on stable market at stable prices for
staple crops.
ut is our conviction based on the
facts brought out in the farmer banker
conferences that it is the duty Of farm.
ers, bankers and commercial and in
dustrial interests alike to use every
effort to enable the farmers in their
present critical circumstances to remain
on the land, to plant full crop, and to
relieve their present difficult situation
by their own labor and the help Of the
community which depends upon them
for prosperity as well as for food.
ave urge the passage Of legislation
that will prohibit the practice Of short
selling.''
eve urge Ainnesota's delegation in
Congress to stand firmly against any
proposal to increase the income tax rate
on incomes Of less than $5,000.0t
"It is our belief that the farmer
banker conferences called by the Min
nesota Farm Bureau Federation have
accomplished their purpose in that they
have brought frank statements Of con-
ditions both from farmers and from city
and country bankers and the Federal
Reserve bank. and have helped to e.
tablish better understanding between
the farmer and the man for whom he de-
ponds for financial support"
Farmers Thank Bankers
A resolution was also passed by the
farmers attending the conference in
which they expressed their thanks to
the bankers for their attendance ct the
meetings and their frank and cordial
expressions Of good will and desire to
do all in their power to extend all pos
sible assistance to the farmer.
High Tariff Desired
Before the close Of the session, a reso-
luton was also adopted to the effect
that it was the desire Of the assembly
to 60 on record as favoring high pro-