The Washington herald., 1921-03-08
TEXAS FARMER TALKS
ON BANKER AID.

TEXAS FARMER TALKS
ON BANKER AID.
Texas bankers are planning to
the marketing of the 1921 crop.
Thomas R. Benton. of Dallas. said
yesterday at the New Ebbitt.
Plans were discussed at meet
ing of both bankers and fafmers,
in the State, at College Station
March 8.
Benton says that he has great
sort of cooperation. for 1t is the
the chief factors in the raising and
distribution of our crops. IL we
leave out the railroads.
Farmers predominated this year.
just as they did last year, at the
meeting" Benton said. land the
meeting also was attended by a
delegation Of the Texas Farm Bu-
reau, which augurs welf~>for the
tive work with a view toward Sc
harvest time"
PLAN CAMPAIGN
OF SALESMANsHP.
The farm bureau men are en-
deavoring to self bankers the CO.
operative marketing plan provided
for in the cooperative marketing
bill recently signed by Gov. Neff.
Of Texas. Both bankers and farm
ers also will work on plans for
pooling cotton and wool interests
in order to more advantageously
dispose of these commodities, Ben
ton said.
In order to keep crops moving
and still not flood the market II
has been proposed to m0ket one
twelfth of a commodity per month.
Farmers would assign their inter-
ests to the banker and membership
rolls for each county would be
filed with the county clerk of that
county, in order to inform the
banker that his customers were
members of the pool.
Benton declares that with the ex-
ception of cotton no over-produc-
tion of farm products exists, so
that the problem is more accurately
one OF financing their distribution
than Of marketing the surplus.
The American farmers does not
produce more than the United
states can consume" said Benton,
provided the food commodities are
distributed where they are needed"
COMPELLED TO CUT
COTTON ACREAGE.
There is imperative need of re-
ducing cotton acreage" he said,
since We have enough of that sta
pie already on hand to supply the
country for two years to come.
Il am strongly in favor of CO.
operative marketing and in this
method I see the only salvation for
the farmer. 1t is the only way
by which he may make enough to
live according to twentieth century
standards. 1t is up to the banker
to devise ways and means TO en-
able the farmer to put his products
upon the market He is morally
responsible for the wellbeing of the
farmer"
Benton declares that the Edge
act. which authorizes the orpani-
zation OF international banking cor
porations which will provide the
money to enable the American farm
~ GREATS to
foreign buyers, will aid the South
In disposing Of its cotton and other
commodities.
LONG-TERM CREDITS
ONLY HOPE TO COMPETE.
I was down in South America
last summer" said Benton, "and l
was made to realize that until
American traders are able to ex-
tend long-term credits to purchas-
ers in South and Central America
and on the whole to deal with them
on the same basis as do the British
ana other Europeans. we cannot
nope to compete with the people
on the other side Of the pond.
1t Is true in a great measure
that We were able to build up a
considerable trade during the war,
but We are not going to keep il
unless We bring about a readjust-
ment of the international trade bal
ance which is now so oyerwhelm-
ingly in our favor" he said
IUv