The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-03-30
CALL CONFERENCE
SOUTHERN BANKERS
To Discuss Methods Of Expectation
of Agricultural Products.
(By The Associated 5ress3


WASHINGTON, March 29.-Ta-
war finance corporation tonight issued
call for conference here April 4
of southern bankers to discuss meth
DDS by which the expectation of south
ern agricultural products may best be
financed Announcement of the cor
ference followed discussion of the
farmers problems by the cabinet to-
day. after which it was said that plans
for farmers relief would soon be put
forward.
Announcement of the conference
was confined to the bare statement of
the call and the date. In the light of
the days developments, however, It
was regarded as the first step by the
new administration looking to a solu-
ton of the farmers difficulties.
Several other such meetings are
planned, it was stated. Secretary
Hoover expects soon to meet wish
representatives of the agricultural in
dustry to talk over with them the
problems which best their industry.
Leaders of several farmers organiza-
ton also are preparing TO carry their
kit of problems to the white house
in the near future, probably before
congress gets far into the work of the
extra session.
Officials of the finance corporation
desire, it was said. to explain to the
southern bankers on whose shoulders
fall the burden of providing funds for
the export of cotton and other products
of the soil just how far the federal
agency can go in supplying the money
they seek. In this connection it was
deemed likely that the treasury's posi-
tion with respect to exports to Ger
many also would be made clear.
The corporation already has APP
proved a loan of $4,000 for the financ-
ing of shipments to states in central
Europe and Secretary Mellon has said
there was no objection to lonas en-
exports to Germany, provided the fl
nance corporation was given good Sc
curity by the exporting houses.
There have been indications on sew
eral occasions that the corporation
was ready to extend aid in shipping to
Czecho- Slovakia and Poland, al
though a public statement to that ef-
two countries exporters have reported
great opportunity for the marketing of
cotton and other exclusively southern
products.
While there was no official expires
sion tonight, it was the plan to deal
directly with the farming industry,
to spread conferences over several
months in whic htime representatives
from the various sections of the
may be called here to see
what can be done for them. Finance
officials have said sew
eral times that the western and middle
western farmers must be given con-
sideration soon. 1t apparently was the
of opinion in the cabinet
however, that the cotton
interests should be the first to receive
attention.
The meetings which Mr.. Hoover viii
call, IL was said, will be entirely in
formal and will seek to develop a pro- !
gram of cooperation within practicai
limits for the disposition of crops. !
Some officials were said to fear that !
unless the farmers can be given as
surance of friendliness on the part of |
he government in the marketing of |
heir products there will be reduction |
n the acreage Of all the crops. 1t was
Indicated that first hand information |
in conferences with those pro-
posed by Mr.. Hoover might suggest !
new methods for domestic handling |
Ind expectation of all agricultural pro-
lucts.