The Birmingham age-herald., 1921-05-04
EUROPE EAGER ID
 BUY J. 5. PRODUCTS
 SPEAKERS DECLARE
Will Pay In Good American Dollars If Plan of Financ- ing Sales Can Be
 Worked Out
By Associated Press

New Orleans, May S.--That European countries, especially Germany, are eager to buy American farm products and pay good American dollars for them. if some plan of financing such sales can be found, while American bankers, because of the attitude Of Germany toward the separations de- mands, do not consider Germany q good risk, were points brought out by speakers before the agricultural group of the Mississippi Valley association kere tonight. Practically all the speakers heard at this session, which resolved into a gen. cral discussion of the agricultural sit , uation, were agreed that great need ! of American farmers at present is for market for their farm products. L.. D. Bowen, vice president for agricul- ture of the association of Paris. Tex, sounded the keynote of the session by stating that neither long nor short credit would relieve the farmer-only purchasers for the farm products would bring any permanent relief for the present situation.
 GERMANS WANT COTTON Mrs. Catherine c. Gould, president of the Women's Chamber of Commerce Of the United States, who has just re- turned from Germany. stated that she had made thorough investigation of affairs in Germany, and that, while [ there, she could have placed orders for millions of bales of southern cotton, except for what she termed certain political restrictions which the farni- CTS must have removed"
 Mrs. Gould stated that the interests of the Mississippi valley should create it's own banking institutions. with Branches in foreign countries
 ''If you do not want to do this,', power. if you will stand together, to make the New York banks do just what you want them to do."
 Mrs. Gould then gave picture of conditions in' Germany at the present time, declaring that many people there are receiving only one meal day. and this from the American feeding sta tions.
 J E. Williamson of Evansville. Ind. advocated the organization of the, farmers into an association having 8 selling organization to handle the sale of all the farm products of its mem bers.
 CAN'T TRUST HUNS
 T. ]. broadnax, grain exporter, OF Kansas City, then explained the atti- tude of American bankers by saying that in view of Germany's present stand on reparations and her general attitude toward the allies, the bankers felt that it would be unsafe 10 tale the risk of extending long term credits to her.
 A letter from J. R. Howard. presj- deRt of the American Farm Bureat, federation, was read to the agricul- tural group. in which he expressed tke belief that the farmers shonld da- n'and the repeal of the guarantee clause in the transportation act of 1920, because 1t is wrong and will lead to pAternaiism." ~
 A resolution was then introduced and indorsed in which 1t was stated that national policy is needed in which agriculture, manufacturinr and commerce should have equal recorni- tion.
 Organization of every conrressior.l district of the 27 states comprising tha Mississippi valley so that represent- dtives favorable to Waterway deyelop ment may be elected to Conxrass u,as urged by James E. Smith of St To,,sv vice president of the Mississippi Val. ley association. at tonight's session
 There Is but one way to secure tpo improvement or our inland waters" said MT. smith. They belong to the government and are absolutely con trolled, by the government. We wsnt men in Congress who will see that tbe improvement of the waterways will not be obstructed. Meager appropria- tons means money wasted. W. naaa the waterway transportation and ths Mississippi valley, with the maior;t,. of the population, industries and farns can. with representatives, awake to ths needs of not only the valley ana ths United States but tine world. but if
 Foreign trade and merchant marin. ing session. -.