The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-06-01
FARMERS GIVEN
PLACE ON BOARD
Farm Bloc's Plans Told by Leader as
Congress Grants Place on
Banking Board.
CREDIT REFORM IS SOUGHT
Congress Passes Senator Kell0gg's
Bill Providing Farmers Have
Member on Board.
Farm Bureau News Service.)


Another of the legislative demands
which the farmers Of this county
helped to write into the agricultural
program of the farm bureau a few
months ago has been granted by con-
gress. The bill charging the federal
reserve bank board, and instructing
the president of the United States to
recognize agriculture in appointments
to the board, has been passed by both
houses of congress.
The Minnesota Farm Bureau fedora
TONS agricultural program for 1922,
drawn up and adopted in the third an
nual convention Of the organization
this year by elected delegates from al
most every county in the state, says:
1--WE further demand that the con-
troll of the federal reserve system be
no longer vested in board made up
solely of bankers, lawyers, and pro-
fessors, but that basic productive in
dustry, including agriculture, be ac-
corded direct representation on the
board or boards governing the reserve
system and any other governmental
agency involving credit distribution. -
Congress also has specifically recog-
nized the farmers right to collective
bargaining, which the farm bureau
had asked in it's Legislative program
for 1922. The federal cooperative
marketing bill passed early this year.
County farm bureau offices are re-
ceiving from the Washington office of
the American Farm Bureau federation
an outline of what the farm bloc in
tends to do during the rest Of the
present session of congress. The
plans of the bloc were outlined by
Senator Capper Of Kansas, who has
succeeded Senator Kenyon Of Iowa
as leader of the agricultural group.
"First in it's program the farm bloc
places credit REFORM" Senator Cappe1
said. "It realizes that agriculture is
at the mercy of those who control
credit and that many who exert that
control are not in sympathy with agri.
culture. The farm bloc knows that
farmers have suffered and many have
been runined financially by lack Of
credit. The farm bloc is seeking tt
evolve a credit plan which will give
relief to agriculture which will max,
more money for financing the SLOW
turnover Of the farms, which will Civ
the farmer another opportunity to g
ahead with his work with deccn
chance to make good. If that is &C
complished it will mean cheaper food
more work, reopened factories an
mills, and return of good times.
''The McNary bill extending the op
Grafton Of the war finance corporation
until July 1, 1923, should be prompt.
passed.
"The farm bloc believes railwa.
freight rates are too high and mus
come down. The bloc would restor
to state railway commissions much o
the power taken away from them b.
an unwarrcntable Interpretation O
the transportation act by the inter
state commerce commission.
'The bloc is supporting the truth
in-fabric bill to compel makers o
clothing to brand their goods so tina
the buyer will know the amount Q
pure wool and the amount of shodd
in it,"
The American Farm Bureau fedora
ton fathered the organization of tn
agriculture bloc, and the first meetin
of the. senate bloc took place in tn
farm bureaus Washington office.