The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1921-08-13
Tour Is Made East and West
of Bemidji and Party
F.. "s Sees Farm Crops
CARTER AND THOMPSON
DISCUSS LAND CLEARING
Convention Closes III Eve
ming Session; Thy sRes-
buttons Are Pa. ~

u.
the Minnesota Real Estate Z \lers,
held Friday evening, numb i'm
portant resolutions were unai 1sly
passed. The discussion Of thu di--s
tons existing in the several ~ of
the state drew forth the MI: AT
something being done to al E
farmers to secure financial assistance
to tide them over the present depres-
sion. The convention decided that
resolutions should be passed mem
orilizing congress to aid them by
having placed in the Federal Reserve,
and Joint Stock Land banks funds for
their assistance. The resolutions
passed were as follows: 4 .--st
- Whereas, the most imperative du-
ty of every citizen Of this nation at
this time is the readjustment of bust
ness affairs along conservative and
rational lines for the best interests
of the people asa whole, and, j.
-. Whereas, it is the opinion of the
'Minnesota Real Association in sum-
mer conference duly assembled, at
: Bemidji, Mimi, that farming the
basic industry Of the nation and that
other business is dependent upon it's
success, and, . -. ! .,.. ~. 49,
-. Whereas, the agricultural industry
has suffered greater loss on account
of war time legislation and the pro-
cess Of dehation following the war
than any other business, and,
Whereas, in addition to this con-
dition the, litigation that put out of
business for nearly two, years the
Federal and Joint Stock Land banks
created most critical financial situa-
ton in all our agricultural districts
and that this situation has been more
5perilous owing tothe extremely low
price Of practically all farm products,
including CATTLE, hides, sheep and
wool, which exists even in the face
ofNthe fact that there is today the
greatest shortage of livestock which
We believe has ever existed in the
United States, and, }
Whereas, railroad rates have been
advanced and interest rates on farm
Ian, both real and chattel, have ad-
vanced to a prohibitive rate for the
farmer to pay at the present price Of
farm products. and, :.s j.,
:, Z, Whereas, the extension of credit
to the farmers has reached it's limit
on account Of the lack of available
funds and the farmers generally. will
not be able to realize sufficient from
their crops to pay any material por-
ton of their present Indebtedness and
in many cases they will not realize
sufficient to pay operating expenses
for this season, which condition also
existed in 1920, and, s.. ~~
Z Whereas, it is imperative to the
success of all classes that immediate
action be taken to finance the farm
ers, and, through him, business gen
orally by providing ample funds for
the needs of agriculture, and, that
whatever else may be necessary to
bring about normal conditions, we
believe that the question of financing
this basic industry is Of first import
ance and that financing agriculture
the wheels of, industry of the entire
country will start and not before.
IN Now, Therefore, be it resolved, that
this Association that the War Finance
Committee be requested to take i'm
mediate action to provide the Fed
eral and Joint Stock Land banks and
such other institutions as may b
deemed advisable with necessary
funds at reasonable rates of interest
to finance the farmers of this nation
in all legitimate and necessary enter
prise, and, ..s'
Be 1t Further Resolved, that a
copy of this resolution be spread up
on the minutes of this Association
and a copy forwarded each to the
President, to the Minnesota delega-
ton in Congress, to the Secretary of
Agriculture and to the War Finance
Committee. 49,.
Whereas, it is conceded that trans
portation is one Of the greatest
agencies in the development and
progress Of every nation, because the
price of products produced, as well
as those consumed, is fixed largely
by transportation rates in taking the
raw materials to manufacturing CEN
tiers and the finished product back to
the consumer, and, ,-e +
Whereas, we believe that the Fed
eral Government has gone far enough
in financing the railroads unless
freight rates be materially reduced,
AID we believe that prohibitive
freight rates are the greatest OBJ
stacle to the restoration of normal
conditions in business and agricul-
ture, ~. .-......,
Now, Therefore, be it resolved by
the Minnesota Realty Association, in
convention assembled at Bemidji
Mimi, that it is hereby recommended
to the Interstate Commerce Commits.
Continued on Page 81