Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1920-12-01
Closer Cooperation Between Bank.
ing Interests and Farmers Will
Grow Out of Conferences
Held Last Week
READY TO STAND
BY THE FARMERS
Schedule of Township Meetings Has
Been Laid Out for Winneshiek
During the Coming Week

IOWA UeIWeen representatives OF the
Iowa Bankers Association and Of
ficers and members of the Iowa
Farm Bureau Federation. Recognize
ing their interdependence of inter-
ests both sides admit the necessity
of mutual aid and team work if the
nations business machine is to be
carried safely over the present
stretch of rough going without mis-
hap.
At both Fort Dodge and Red Oak
the following resolution was unan-
imously adopted.
''That the bankers and farmers in
conference assembled pledged to
each other their sincere cooperation
and help in carrying their business
over this period 'of ruinously low
prices"
At one of the meetings an official
connected with the Federal Reserve
Banking system was in favor of i'm
mediate liquidation to the extent of
marketing all of the 1919 crop on
hand and also the 1920 crop of oats.
This, he thought, would clear up
Iowa's Indebtedness to the Federal
Reserve, which amounts to about
$91,OOO,OOO.
Secretary Cunningham called at
tention to the fact that while Iowa
might owe $91, 100000 the crops on
hand, including the carryover from
last year are worth not less than
$3.50, 100000 and that under the cir
cumstances there was scant need for
anybody to worry over any question
of Iowas solvency.
The secretary declared that farm
ers are willing to stand a reasonable
share of the inconvenience bound to
come as the result of defation. They
expect considerable loss, but don't
believe they ought to be forced to
sell at the present ruinously low
prices offered. The extension of cred
it wherever possible, together with
an attitude of lieniency and fair
dealing on the part of landlords to-
wards renters, will do much to save
the day for the agricultural indus.
try.
Numerous expressions of approval
of Mr.. Cunningham course were
heard, from bankers and others. A
false impression that has prevailed
in some quarters to the effect that
the so-called farmers strike for
So wheat was started in Iowa was
1t was also explained that
the Iowa farmer is not attempting
to set prices, nor to control prices,
but simply trying to shape his sell
ling operations in a businesslike
manner, and in a way that will
avoid flooding an already sagging
market.
A majority of bankers announced
that they are ready to stand by the
farmers in every way possible dur
ing this period of financial string
ency. AS was pointed out if the 1920
crop were all put on the market i'm
the bulk of, it would have
to go into storage somewhere and
somebody would have to finance it,
wherever it might be, so why not
finance it in the hands of the grow
err.
The harmonious spirit that pre-
vailed augurs well for the future.
1t was made plain that the Iowa
farmer and the Iowa Banker are GO
ing to pull together. That being true
there is every reason to look for a
decided improvement of conditions
in the near future.
Schedule of Township Meetings.
The schedule of township meetings
for the next few days has been laid
out. We hope the weather will be
such that they can be held without
postponments as has been the case
so many times recently.
Calmar Twp. at Spillville, Dec. a,
1880 p. m.
Bloomfield Twp. Castalia, Monday
Dec. 6 in the evening.
Ridgeway, H. & B. Hall, Dec. 7,
200 p. m.
Kendallville hall, Dec. 7, 500 p.
m.
Burr Oak hall, Dec. s, 500 p. m.
Hesper hall, Dec. 8, 500 p. m.
1t is our hope that the weather
and roads will be such that we can
bring with US the moving picture
outfit and films to all of these meet
ings. OF course. it must be apprec-
lated that the outfit is rather diff
cult to get around with the kind of
weather and roads we have been
having. We hope every township will
get out good delegation. Every
ought to be out to assist
in electing officers and co operators
for next year and in laying out
plans for the coming wear.