The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-09-02
DISARMAMENT CALL ISSUED

exchanges and dong business.
DISARMAMENT CALL ISSUED
Secretary Hughes has issued the
formal invitation to the disarmament
congress to the several powers to be
called to Washington for that pur-
pose, in which he outlines the objects
IF the meeting. 1t is conference on
the subject of limitation of armament
in connection with which Pacific and
far eastern questions should also be
discussed"
The reasons for the limitations Of
ornaments are presented with consld-
cradle force. "The enormous weight
of armament" says Hughes, upon
enterprise and production is stand
ing menace to the peace OF the world
"There can be no final assurance OF
| the peace Of the world in the absence
OF the desire for peace; and this de-
sire must find effect In practical
effort to remove the causes OF misun-
derstanding."
Il is interesting to note the differ
ences between the administrations
method of handling the matter and
that urged by Senator Borah OF Ida
no.
The Idaho senator advises that the
great nations disarm first and then
meet around the table to settle their
differences. The atmosphere OF a
poker game is much changed when the
players have no guns.
Hughes and the administration he
speaks for on the other hand, work
] on the theory that there should be q
show down first on the different I'M
perialistic detectives of the different
| nations before any pledge of disarma-
ment can be trusted. Thus i several
troublesome questions between the
powers can be settled first, we can
proceed with disarmament.
/ In the meantime armament will &c
on apace.
i SENATE PASSES McNARY BILL
i After the Norris bill backed by
propressives and Independent farm
4 organizations was turned down by the
i administration, the Kellogg substitute
was brought out. This in turn was
replaced BY the McNary bill because
Kellogg's attempt appeared LITTLE
too reactionary to get by.
4 The McNary bill has passed thu
senate in such form that it provide:
Ino domestic credit relief for farmer:
whatsoever. Foreign export aid Cal
be given by the revived war finance
corporation to associations as well a:
Ito bankers and dealers. All Of which
means that farm market sharks vii
lget any advantages there are in tn.
bill after the farmer has parted Will
his produce.
H This McNary bill was linked VI
with the bill to provide half billion
dollars for the railroads to make TIL
railroad measure go through will
less public protest;
LADD ASKS INVESTIGATION
Senator Laid of North Dakota hal
introduced resolution directing tn
federal trade commission to make ;
thorough investigation Of the whea
market beginning with the 1919 crop
The new farmer member of the sen
ate points out that although the con
ditions Of the export market were al
| leped to be the reason for decline il
4 domestic prices, there was a recor.
fvolune Of exports of grain from tn,
& United States at prices showing
| wide margin over the price at tn
| farm.
He also calls attention to the fac
that throughout the marketing sea
81 son Of 192O-1921 there was a wild,
4 spread Of Is to 20 cents between casl
& wheat and futures:
81 FARM LOAN BONDS NOW 81,
! Senator Kenyon move to raise tn
rate of interest on federal farm loal
/ bonds from to 5A per cent has nov
been approved by both houses and til,
81 president. This increase will give tn
81 bonds little better market perhaps
! and 50 make more credit available t,
] farmers on real estate loans.
But this hope is. not overencourag
Il ing. These bonds at per cent an,
u tax exempt we're q good buy. TIL
4 chief reason why they do not sell bet
4 ter is financial boycott like that Wis
n tied upon the Bank Of North Dakota
] We hardly expect the boycott can b
broken with another half per cent.
i HANDLING VS.. RAISING OATS
On August 20, sample grade oat.
! brought 10 cents bushel on the Chi
cage market. After meeting all hi
|IdeductiOns for freight, commission
etc, such price would net the grow
Her at any considerable distance ava,
ahout 3 cents 3 bushel -
d y is interesting 70 note, however