Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-02-14
III

%"- that The farmers ars stirring
thinking. and uniting as never before
2" era'li"ate these inequalities. they
arc subjected 10 stern economic l"r-
lures. and qre met with tho accusation
that they are demanding AMI are The
B'"iii,.uls &C. Srpcial privileges. Let
~ see what privileges the government
has conferred m The farmers Nue.!
has been made ~ Serjion g ~ the
rIa;I"u Trust Act. whi"n i'ur
,,rriel ." permit thNm io combine with
immunity, uiiier certain conditions
A1uditiu: that. n"minally. This ry
rmr,i.u was in tho nature NJ special
pri.ilo-r. lhnu=h ihiGk u WIS So .n
appearances rather than in fact We
Guh That tho courts have nulii'ird II
hy iudi"iai interpretation Why Sh"ul'
pui Ito farmers he permitted 10 ~
r"mplisli Icy cooperative methods What
other huSig"SSrs arc already doing hy
cooperation in tho form ~ inrarp"rg
lion: u, II he proper rur men 10 FORM
icy fusion or PXiS'iu. corporations az
otherwise. - corp r.iiiuu that controls
tho "ffiTr pru'lurli"T nf 4 commodity
nr llr=c part W II why j. II ny'
prup"r FOR group - farmers to unite
for i,e marketing 30 their common
I.ruducjS. either in onr ur 100 several
Scilrn: agencies? Why Shpuld IL be-
right f,r hundred Thousand c"rp"rnir
shareholders 10 direct - or - TOR az
per cent ~ IN Industry AMI wrong r"
- h'udrcd thousand cooperative
farmers ." control u" larger pr"p"r
tim 81 tho wheat crop, or cotton. ~
any ui!ip- prodncif
Tie Department II Agriculture j.
nficu s'ul;eu e rs - Succial concession
T." fhe farmers. bul IN lis c"mm"rciH'
results q il Of rs much benefit {" the
huyprS and consumers e agricultural
nroIG,-iS Is in the producers. "r ever
mare. D." not SUPPOSE that ANYONE
opl,"sp> the benefits that the farmers
derive from The educational and re-
>rarrh work 81 Tho department. ar the
h"lts ilist il gives them in working oui
improved cultural methods aud prac
ifrrs. 10 ,lrvplnpin= letter Welding ~
sielios through breeding and Sclcriion !
in lulredlpin. new varieties from re
nlnte i,arls ~ tic world and adapting
ilicm 10 our climate and economic con
dillon. and in drvising practical meas
ures ror The elimination or control Of !
dangerous aud destructive animal and /
plant diseases. insect pests and the !
Ike Al these things manifcstly tent |
To stimulate aud enlarge production |
aud their general beneficial effects are /
obvious
u is complained that, whereas tho |
law restricts Federal Reserve banks |
To iliree months time Tor commercial |
paper. The farmer Is allowed six /
months on his notes. This Is not |
speria privilege but merely such
recognition 81 business conditions as
makes II possible FOR country banks |
to tla business with country people |
The crop farmer has only one turn.
over a year. while tho merchant and
have many Incidental
IL. note that the Federal Reserve +
Board has just authorized the Fed
ersl Reserve banks to discount export
paper FOR a period ~ six months. to
conform 10 the nature OF the bust
moss
The Farm ioan banks are pointed
10 az an Instance Of special govern.
ment favor for farmers. Are they not
rather the outcome If lsudshle efforts I
In equslize rural and urban condl
tons: And about all the government
does there is 10 help set up an ad
organization and lend =
little credit at the start. Eventually
The farmers win provide all the capl-
lsl and carry sll the liabilities them.
selves. II IS true that Farm Loan
bonds are tax exempt; but so are
bonds Of municipal light and traction
plants. aud new housing is To be ex
,mpt from taxation. in New York. for
ien yeers.