Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-11
COOPERATIVE BUYING
URGED FOR PRODUCERS
b. Associated Press.


CHICAGO. Jan. i0.-Prcsidcnt J. u.
Howard % the American Farm Bureau
Federation. has Jus, returned from
Washington. WHERE he has haen work
ing In behalf ~ speedy and definite re-
lief for the agricultural credits siiua
ton. Mr. Howard and Gray silver. ths
fcdca;ion's Washington representa-.
tiyes. appeared before the joint commit.
tee % agriculture and Of banking AM
currency % the United States Senate
and advocated measures cmhodyinR
Farm Bureau Fcderaiion's Immediate
relief pVogram.
% Regulatory I1'ver OVER farmers
cooperative margcting associations
should b. In the hands 81 the United
States Department ~ Agriculture
rather than the Federal Trade Commits.
zion.
~ The farmers cooperative mar
kc;lng movement must not lie hindered
by the provisions ~ the sherman law,
enacted TO control trusts and not with
any intent To- curb cooperation for tn
benefit 81 the public nj large.
/ az The Federal Reserve hank act
should b. amended - as 20 provide
preferential rates for loans for produe
tive purposes over loans for speculative
purposes.
I ~ Tho warchousing act should .
extended ~ as 90 serve the need 81
both individuals and cooperative axso
cations. and there should be based Up
on u a rural credits plan which vii
enable the farmer. individually and col
iectively. 90 market his crops In an or
derby fashion.
~ The Federal Land hank system
should b. extended 20 provide farmers
, with personal credit for such purpose.
as buying Improved seed. live st,,cl;
machinery and equipment on the sam.
general plan as real estate loans ar,
new provided.
! According To Mr.. Howard thes,
planks form the basis % platform
which he hopes TO Sc forthwith erected
ly congress for the benefit and encour
agenent Of the farmers OF America
Just now heaTtSick 10 lind that af.ei
producing bumper crops with which %
feed the world they are offered prize,
Tar below the actual costs Of produc
tion.
Senator George T.. Mclean. chalrmar
81 the senate committee on banking
and currency. presided over the join
committee hearing The entire farm
4 err marketing nrogrDn wns discussed
II was agreed that a more direct mar
keting system must ~ had. The Cap
psrNolyiead ball now IN confcresace
ives thr particular legislation undr
consideration. Governing the farmers
hope in this bill Air. Howard said,
tn Capper.Nolstead hall parsed "a,
renate Win two amendments which
virtually nulllfy the intent u the act
The American Farm Bureau Fcderl
ton il working with the conferces wit
the hope Of having The amendments n
considered and 1anrclied.
The first amendment 20 which "
object puts the regulatory power 0ve
cooperative associations in the hand
Of the Federal Trade Commissio
rather than the Department % Agr
culture. We take the ground that "a
Federal Trade Commission }. an n
l hfHAAN |AANNAAaA ~ "tANAAA AANANH ElAAAf VI
Department 81 AgTiculture h q We
fare organization. II would D. bette
for all concerned that the Distribute
% food supplies b. under the supervi
> ion % the Department. a Agriculiur
) The second amendment virtual
4 nuiilfied the whole Cappsr.Ncisiea
hill hy putting hack under The Sherma
act the whole cooperative movemen
This amendment muFi D. eliminated
farmers are a. benefit hy the iaglsi
ton and thereby gain their viii % pr
duce.
I'VE also took up rural credits meet
and demanded on b-haf Of the farr
err amendments o. the Federal n
Rrve hank law giving the hoard p0w'
C. cisssffy loans and separte loars q