Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1920-10-21
BANKERS TOLD
THEY MUST HELP
IN MARKETING
Farmer Must Be Assur-
ed Of Fair Profit,
Says Hirsch

NAo11lNIION, Oct. 21-Jonn
5. Drum, of San Francisco, was
elected president of the American
Bankers Association here today. The
question of par clearance of checks
was referred to a special committee
The bankers can and should aid
the farmers by assisting in the es-
taolishment of cooperative ware
houses and selling organizations
Chairman Joseph H. Hirsch of tbe
agricultural commission of the
american Bankers Association, de-
ciared today in presenting his re-
port to the convention.
Many of US have been fearful of
entering the field of marketing be-
cause we have been afraid we would
come in conflict with our own custo-
mers,. the middlemen, who are buy
ing the farmers products" the re-
port said. But it is high time for
the bankers of the country to real
lze that more economical method
OF distribution of food products is
absolutely essential to the success of
American agriculture and that un-
less the farmers can produce and sell
their crops with some reasonable as.
surance of fair profits, there will be
an increasing tide of men drifting
from the farms to the cites"
me report urged the bankers to
support appropriations for larger
pay Tor experts employed by the de-
partment of agriculture, and sug.
gested state conferences of bankers
and farmers to enlist Cooperation IN
agricultural development.
The McFadden bill proposing IA
tax on gold used in industry and the
arts, to be paid in turn to the mining
companies to stimulate production
was attacked and defended. The
| special committee appointed to studv
the measure, submitted report
vigorously opposing the bill as an at
tack on the basic element of 90
standard. McFadden, who proposed
the law, declared the addition of
new gold to the nations reserve
would assist in debating and stimu-
iate healthy return to normal.
The committee held that the with
drawal for industrial purposes Iast
year of $22,000,000 of gold from the
country's monetary stock was NOT
national emergency calling for
special treatment of the gold mining
INDUSTRY SO as to stimulate the gold
output.
Diminished gold production in
PERIODS OF high prices and high costs
tends to reduce price and costs
again." said the report, wnlcn
clared that the offer of a premium
on gold would lead the world to as
sumo that the United States was in
danger of going on a paper money
OASIS and that its dollar was not as
good as gold.
"A three-year thrift campaign to
reach every family in the country
that has no bank account was pro-
posed to the association today by its
committee on public and private
thrift. AS part of the campaign,
government officials would be called
upon to practice utmost economy 80
as to reduce the expenditures OF the
federal government.
American business must purge it
self of its own "misdemeanors3 be-
fore it can hope to exert the fullest
influence in the affairs of the ma
ton, Joseph H. DeFrees, president
OF the Chamber of Commerce of the
United States, declared in an ad-
dress today.
Zone of the most fruitful sources
of the unrest in this country at the
present time" said Mr.. DeFrees, sis
the belief on the part of great
number that business in many in
stances is securing an inordinate
| profit. 1t is the theme of the agi-
tator, and is used as justification for
various unfair exactions which are
| put upon business. We are quite
ready to complain in the public in
terest, about excess profit taxes and
inadequate production for a fair
, wage. Let US do all we can to cor
| rect our own misdemeanors and then
| our voice of protest will have a
larger influence in correcting those
/ of Others"