The weekly times-record. (Valley City, N.D.) 1912-1922, 1921-12-08
FARM BUREAU
FINANCE SYSTEM

Amendments of existing laws so as
to secure to every American citizen
an adequate and proper system of
financing which shall be truly ma
tional in its character, safe, sound
and administered under the direc-
ton of an independent and repre-
sentative board of directors, repre-
senting every phase of national life,'
passed by the American Farm Bu-
reau federation in it's annual con-
vention at Atlanta, Ca. last week,
Official copies of the resolution ar
rived at the office of H. B. Fuller.
secretary of the North Dakota Farm
bureau federation this morning.
The proposed amendments are
asked, according to the wording of
the resolution, $50 that congress
shall not only coin money and regu-
late the value thereof but will carry
out the true spirit of the constitu
ton by regulating the expansion and
| reduction of credit, not with a view
of private gain, but in such way
as to promote the interest Of all
citizens and secure and promote the
, public welfrae."
Five specific requests were made in
regard to finance as follows: "We
ask" say the resolutions:
"Proper credit for farmers on II
! and "a months paper, instead of the
short term credit now available.
"The proper authorization for CON-
modify financing based upon ware
house receipts.
'Livestock financing, based on a
! proper pledge.
"Personal rural credits, secured by
proper insurance features, and the
creating Of machinery that will allow
cooperative societies to get money dl-
rect.
"That the federal reserve board di
rect it's policies so that primary pro-
duction may be given the considera-
tion it merits
The resolutions placed the fedora
tion on record as making the follow
;ry requests:
That the federal department of
agriculture be further developed so
that "it may serve even better than
now, those whom it is intended to
help, that the business of agricul-
ture may be put on a par with the
other business interests of the ma
tion."
Tariff protection to "equalize the
difference between the costs of pro-
duction of farm products in this
country and in competing nations
A tax policy. on progressive
scale-"the greater the income the
higher the rate"; a certain part of
| the tax revenue to be raised by
| means Of consumption taxes; oppos-
ing issuance of all tax free secur-
tiles; disappearing the repeal OF the
excess profits tax and opposing the
principle of general sales tax.
| Insisting upon the early enactment
of laws, clearly defining the right of
farmers TO market their products
comparatively.
Enactment of a truth in fabric
laws.
Prohibition of manufacture of
filled dairy products
Denouncing principle of guaran-
teeing income upon fixed valuation to
the railroads and asking repeal of
section 15-A of Esch- -Cummins law;
repeal of Adamson law; objecting to
| carriers being given more for short
haul than long haul; urging develop
ment of St.. Lawrence deep water
way; restoration of rights of state
railway commissions as they existed
prior to war.
Urging congress to protect and
conserve public resources.
Condemning Pittsburgh plus prin-
'ciple.
Legislation to prevent sale of sub
stitutes and deceptive containers.
Federal legislation to continue
work of eradicating bovine tubercu-
losis.
Urging that Henry Ford get con-
tract to develop Muscle Shoals pro-
ject.
Urging congress to develop export
credit feature of War Finance cor
poration act.