Grand Forks herald., 1922-02-15
Club OBJECTS
TO REMARKS OF
&c. QUAMNlE
Resolutions State, Credi,
Needs as Seen by Farm
ers' Club in Ramsey.

Brocket, N. D., Feb. 15.-The Saut-
er Federal Land Loan association
voiced its objection to a statement
made by E. G. Quamnle, president of
the Federal Land Bank at st. Paul,
IN the following resolutions passed at
the annual meeting of the club re-
Gently:
ITO the sauter Federal Land Loan
Association in annual meeting as
sembled. We, your, committee on
resolutions, beg to submit the follow
ing resolutions:
BE 1t resolved by the members of
the Sauter Federal Loan Association
that we consider the statement of E..
q. Quamme, president of the Federal
Land Bank of st. Paul, Minn., before
the joint congressional committee on
short time rural credit, in which he
said. that the FARMERS are not suffer-
ing from want of credit, and that if
they get any relief it should be in the
. nature of q gift instead of a loan. as
they are owing now more than they
can pay, as being misleading and un-
true.
Where you find millions of farmers
whose resources exceed their liabili-
ties from twenty to one hundred
; thousand dollars, not being able to
borrow money enough to pay their
taxes, there must be something done
at once. to relieve the conditions
which are brought about not from
any fault of the farmers, but from,
drouth and rust, and the spectators
manipulations of the price of our pro-
ducts. When the cost of producing an
acre OF crop, amounts to $1,000, and
the farmer receives for said crop,
less than half of said amount, he
must get credit or go out of business.
Want Grain Corporation Reviewed.
J BE it further resolved, that we
ask the government to revive the Fed
eral Grain Corporation for four OF
/ five years, to get the farmers on their
feet again, and give them time to or
, ganize, and in the meantime to get
| In position to handl, their own pro-
| duce co-opera lively.
''The last administration has paid
the penalty for throwing the farmers
/ destiny back into the gambling pit
! SO it may be we'll for the present ad
i ministration to take warning and see
that the producers of our natona
wealth get just returns for their serv.
ices, while it is within their power tc
do so; and if they fail to embrace
the opportunity, they will be respon'
sible for the conditions and they neec
not think that by halloing socialism
| or bolshevism, it will stem the JUS
wrath of the agriculturist's for &
chance.
Resolved further, that we consider
the law making body of this govern
ment. or any civilized government
which allows open gambling in foot
products. both to the detriment O.
the producer and consumer, Is a dis
grace to civilization.
Want Organizations to Unite.
BE it further resolved, that we de
| plore the condition our numerous
so-called farmers organizations arr
getting into, one competing with tn
other and none doing the farmer an.
practical good. only relieving them o
their membership fee, and spreading
propaganda, detrimental to eacl
other. We would recommend tina
these organizations lay aside all sci
fish motives of officers, and get to
gether for one purpose only-that o
handling the business part of farmin.
to the end that the producer of farm
over the cost of production.
Resolved further, that these reso
lutions be spread on the minutes o
the meeting. and copies forwarded t,
the farm papers; to e. G. Quamme
president Of the Federal Land Banl
of st. Paul, Mimi; to our representa-
tives in Congress and to the Presiden
of the United States.
Frank Garvey, Chairman
Frank Bina
J. G. Miller
Knut Olson
! Committee'