The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-28
FARMERS LOSS
IS THE HEAVIEST
While Other Producers
Can Pass Buck to
Consumer
TOO MANY HANDLERS
Organization and Cost Sys-
tenn Recommended, by
Congressman

Special 20 Tho world.
WASUtNGTDN, Sent 2J.-"Thorc
are throc great forces which nrc
propolliug Toe worlds progress
finance. labor ana tho farming come
muuity'H- Hiid Potter ~. Ten LyDt.
representative iu ouurrUae from tho
2sth Now york district. 90 tho rrurc-
sentative OF tle tho Tulu world Co.,.
day iu diHUufTIus world conditions
Finance organized, and for u
time dominated tho world pruErcrg
which in turn caused labor iu or.
EHniZp % Huu.uaHIuIIy compete Wlth
tho financial power Tho farmers
tho third flruu.huvu come 60
realize that they must organize 90
compete HuCCcHgful.y with the other
two fOrccB. go that tho uHslc indus
try which they represent win haye
equal opportunity with on uthur In
dustrioH, and tn thus way secure a
fair return on money invested and
labor performed, and ut tho same
time give 20 the consumer their
food products ut "a reasonable price.
1T d. only proper TO admit that
the fundamental reason for the
trouble experienced In the farming
industry today is lts lack of orguni-
zatiun ana cooperation, ana / am
glad 10 gny that they realize this
and are now organizing to cooper
ate, not 10 dominate the world, but
10 strengthen their position 40 that
they can IN turn cooperate with all
all other branches OF business for
the best interest OF the entire coun-
dry.
"rhe ronson why tho farmer foois
n depression moro than all others
is due To the fact that he IL 100 per
cent Interested, or 100 pcr cent re-
BpOnslblo for the entire farming In.
austgy. aad therefore lac 81 q 100 per
cent loser. and In turn feels this de-
preston 100 par cent. while, on
the other hand, the representatives
OF tho other Industries Of the coun-
try are only partial owners az thoy
sell their securities 20 the oOnsum-
err, and In times like those thoy
only have q proportionato loss, often
much less than 90 per cent; the con-
sumner sharing the greater portion
OF the loss.
"The farmer today is ondeavorlng
60 ascertain whore the great waste
or spread lies between the price nt
which he HellB his product, which is
often lower than It's actual cost, and
tho price that tho consumer pays for
a. which is universally higher and
out OF proportion to the actual cost
or selling price 90 the farmer.
Therefore IL Is necessary to obtain
authentic information as regard the
number OF hands through which his
products pass on the route. to tho
consumer, together with the cost
OF zach handling by the intermodiar-
les, and the profit on zach turnover,
with the view OF leRsenins the spread
which will materially reduce the
great difference between the cost
OF production and tho cost To the
consumer, and VIII in turn give the
consumer food products at n reason
able and just price with "a proper
return To tho producer.
There are four principal causes
for the uneconomic systom of pro-
duction and transportation--fin
or credits. high cost of transporta-
tion, the Eystom OF marketing, and
inefficient farm labor.
'"ro improve the financial condi-
tion, the laws governing the federal
fair loan act should he extended.
The federal reserve act should be
libcrall2ed toward agriculture. The
national bhnSE should be given more
liberal discounts on their loans upon
farm products, The farmer must
be given tho Same banking facilities
AS tho city merchant or mapufac-
turer. Thore should also he an eX-
tension Of time on the short time
credit 20 the farmer. extending over
period OF uinD months 20 a year,
thus giving him an opportunity to
make at least ono turnover Of his
products before tho termination OF
his paper. "'Ne short time credit
for the merchant az today IA approx
imately 90 days I'm which time the
average business man makes one ur
more turn overs Of his stock, due
20 which ho can pay OF his note
and rehorrpw again for another
turnover. The farmer should b,
given a year so that he can make
a turnover of his products before
tho life of his note expires
"ln addition TO this system u
credits by tho government should h'
inaugurated with foreign countries
so that tho surplus farm products O
the country can he disposed q
abroad, with the least possible fric
tion and loss, tho Hamo aa the NOR
chant today Is permitted 20 finance
his export trade through banks. Tn
farmer should ho given n like me
dium OF banking facilities.
'Tho marketing system or tn
country can bo improVed--tlret, b.
Standardization ana grading OF al
farm products throughout tn,
United States with federal and stat
holp ana supervision; second, by co
operative storage plants and waro
houses at terminal markets; third