The Morgan County press. (Wartburg, Tenn.) 1916-1926, 1922-03-17
SOME ASPECTS OF
FARMERS PROBLEMS.
Nv BENARD nj. BARUGH.
Reprinted from Atlantic Monthly
CONTINUED from last week.


Now that the farmers are stirring,
thinking, and uniting as never before
to eradicate these inequalities, they
are subjected to stern economic lee
lures. and are met with the accusation
that they are demanding, and are the
recipients of, special privileges. Let
us see what privileges the government
has conferred on the farmers. Much
has been made Of Section 6 of the
Clayton Antitrust Act, which pur-
ported to permit them to combine with
Immunity. under certain conditions.
Admitting that, nominally, this ex-
emption was in the nature of special
privilege,-though l think 1t was SO In
appearance rather than in fact,-we
find that the courts have nullif1ed II
by judicial Interpretation. Why should
not the farmers be permitted to ac-
complish by cooperative methods what
other businesses are already doing by
cooperation in the form Of incorpora-
ton? If it be proper for men to form,
by fusion of existing corporations or
otherwise, a corporation that controls
the entire production of commodity
or large part of 1t, why Is 1t not
proper for group Of farmers to unite
for the marketing of their common
products, either in one or in several
selling agencies? Why should 1t be
right for a hundred thousand corporate
shareholders to direct % or ~ or ~
Der cent of an industry, and wrong for
hundred thousand cooperative
farmers to control a no larger proper,
ton of the wheat crop, or cotton, or
any other product?
. The Department Of Agriculture Is
often spoken of as I special concession
to the farmers, but in its commercla'
results, it is of as much benefit to the
buvers and consumers of agricultural
products as to the producers, or even
more. do not suppose that anyone
opposes the benefits that the farmers
derive from the educational and re-
search work of the department, or the
help that 1t gives them In working OUT
improved cultural methods and prac-
tees, in developing better yielding va
rieties through breeding and selection,
in introducing new varieties from re-
mote parts of the world and adapting
them to our climate and economic con-
dition. and in devising practical meas
ures for the elimination or control or
dangerous and destructive animal and
plant diseases, insect pests ana the
like. All these things manifestly tend
to stimulate and enlarge production.
and their general beneficial effects are
obvious.
It is complained that, whereas the
law restricts Federal Reserve banks
70 three months time for commercial
PAPER. the farmer is allowed SIX
months on his notes. This Is not a
special privilege, but merely such
recognition of BUSINESS conditions as
makes it possible for country banks
TO do business with country people.
The crop farmer has only one turn
over year. while the merchant and
manufacturer have many. Incidental
", l note that the Federal Reserve
Board has just authorized the Fed
eral Reserve banks to discount export
paper for a period Of six months, to
conform to the nature of the bust
ness.
The Farm Loan banks are pointed
tn as an instance of special govern,
ment favor for farmers. Are they not
rather the outcome of laudable efforts
to eoualize rural and urban condi-
tons? And about all the government
does there is to help set up an ad
ministrative organization and lend a
little credit at the start. Eventually
the farmers will provide all the CAPT
tai and carry all the liabilities them
selves 1t is true that Farm Loan
bonds are tax exempt; but so are
bonds of municipal light and traction
nlants. and new housing is to be ex
pmpt from taxation, in New York, foi
ten years.
On the other hand. the farmer reads
If plans for municipal housing prof
erts that run into the billions, of hun
dreds of millions annually spent on
the merchant marine; he reads that
the railways are being favored with
increased rates and virtual guarantees
of earnings by the government, with
the result to him of an increased toll
on all that he sells and all that he
buysN He hears of many manifesto
| tions of governmental concern for par
| ticular industries and interests Res
cuing the railways from insolvency Is
undoubtedly for the benefit of the