The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1921-09-22
HOW THE FARMER
WILL BE AIDED
DIRECTOR OF THE WAR FINANCE
CORPORATION ON THE AGRI.
CULTURAL RELIEF ACT.
IT'S WORKABLE, SAYS MEYER
Meets Present Conditions by Assisting
in the Carrying of Farm Products
So They Can Be Marketed More
Slowly.
BY EDWARD 3. CLARK.

ny L CNfHN u St~fN'''N
Washington.-SCe officials Of
government directly charged with the
work of administering the agricultural
relief act, which was passed by con
gress ana approved by the President
recently, believe that the legislation
is to bring some Of the results which
are desired. Experience alone prob
ably will determine the outcome, but
the War Finance corporation is plan
ming the work and Is expressing con-
tidence in real accomplishment.
Eugene Meyer, Jr., is the managing
director of the War Finance corpo-
ration, His views on the agricultural
relief act ought to be Of interest, for
his organization is charged with the
work of its administration. His views,
to be approved, or perhaps combatted,
according to the viewpoint, are as fol-
lows:
The agricultural relief act is a
measure of great significance to our
agricultural interests. 1t is a very
CONSTRUCTIVE piece Vi lesIH'"'ioli' "iu'
~ my opinion Is 'horous"iS "o' N .,,'
from the administrative point of view
~ Ie'osll1eS 'l'e ne" oV',", ',ot -, "a
iS''ns ~ our '''.ei ia tioll"' '',Iu uo'''e'
dtons by giving the War Finance
corporation power to assist in tinanc-
i"E wy '"l 'i'S ~ "7' = w - - I'm
nloui'ieS u",'' '''eS '''' o' MAJ ~ GU
~ ,,Ii =, ''', ~ ""'' .,,.. j.,
nc NANNY anu -" ,,'.,,.7 80 ~
io' '7'i NY ''''''''' gu"
70 purchase ',.e E,e"''' l"it VI '" .,',
'iui' '.'''''S ~ wy go '''' us '''l
pe'i0o ''l'.'''''"'v,S lo''o" ~, ~ '"S ia.
N'S,'"S ~ our ,'0i'2' - 10y GA. -, ~
O"o,' , ~ ~ ~ c !" '' 49, ,,,,,
eo"pI'o VIZ" '''e 90 ~ ~ w.
NV ''''''''' any, '''''
- 49,, WI ,.,i , nnoassa,.,,
. % u''' to'' 49,, ',',,,, .ta,,,, 1T
W. 80 ~ - ~, W., - -,
,u''' ~
'''
NoStoh 0''u'''o" an |"''''p'e'
This situation is clearly indicated
IN the following extract from report
from an investigator OF lhe Depart
meht of Agriculture, VINO IS now IN
Europe studying the markets tlere Tor
American agricultural products
The cotton merchants over mere IN
the countries visited do not thlhk II
sound business for American Shippers
or banks to advance TOO much credlt
TO the cotton mus. Ihey say tilat
the mus can arrange me necessary
'Ieul.s WIN i"ea' "ailNS 10 ouy co'tou
u oil'S tiieS can s""" an ou''et lo'
the so"is ''"l 'A'r,'uii's ',"ei a 'le"-
u from Aiiei'e" WIN ,enu ~ me- e'''e
,''e flsNS assume. - '"e i'''i' anu '''"S
leuu ~ speo","''Ne eiiluie' vi 'i''
p"it VI ne mus
ne luerCilaHls poiilI OUT tlI"l nuns
ShouId buy colioh "hlF as IheS are
ape 10 sen eooaS proil'aoiS ana 'nen
mat tIie MN sloulu cover lts Iequi'e-
lneitS win COTTON crosse At manu- ! "ey
go 50 lat as 10 say mat tIle iiierci''li.
SIlould sen colloi on can lor me NM
TO Tx me price "Ii'h the GOODS are
soId' inns suggestion seems ul'Sou'',
to me, rs 1t involves TOO great FISK
lor we s,'.ei' ln"Niiis ',,'i '''Ne
ci'a'''.' "i'''i ,,Il''lu''S l"'' vi .,'e
manufactures bul NJ any i"'e 'iie
suggestion ''", ''aSo',a"iv SINS t
Sl'"u'a pe pla'fo ~ 'he 'e"ulnS m ,'
peoh iaalNe,S "'ia He"sea III uo'''i .
seems Sol''"'
EHchah9e hate 'n'er'Sres'
THE price can be liked When the
sale IS consummated ana at rate OF
exchange which Is taken into conSld-
GRAFTON when the price IS determined
These merchants point out that ihey
cannot carry large stocks as IN iorIllet
years nS change in the rate OF eN-
change might cause serious LOSSES
and that therefore they must or heceS-
slty buy COTTON only as 1t IS heeueu.
If they follow out TINS plan II VIII
mean safe business to European mis-
but slow and long draWn-out cotton
season back IN America, ana COTTON
growers might as well make their
plans TO market their crop gradually
MS the demand warrants.
"Thc pressing need at the present
time, therefore is for additional fa-