Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-01-28
WALLACE LAUDS
FARM MEETING
ATWASHINCT0N
Laws Recommended to Con.
gress by Conference
Just Closed.

"ee.aaIA6s0n S3N. 1o'-Tne Nett0D0
Agricultural conference which con-
5-day session here last night,
characterized by Secretary wal
lace OF the department Of Agriculture.
ip his closing address. al 1.-THE most
representative gathering Of agricul-
ture." ever held. 1t has been a good
thing for the farmers and the allied
interests. he declared. adding that the
farmers and the related interests
must cooperate to nut agriculture
on q sound and enduring basis"
This conference" the secretary
continued. has gained ground and I
think We can hold that ground. We
have presented constructive sugges-
tons not only for the present but for
the working out of q sound aEricul-
tural policy for years to come"
Resolutions were adopted thanking
President Harding and Secretary Wal
expressing appreciation to Chairman
Anderson for his fairness in presiding
over the sessions.
Recommendations
Enactment by congress Of laws pro-
viding intermediate credits for farm
ers through commodity financing con-
tinuation of the war finance corpora
ton pending such action. amendment
OF the federal reserve and farm loan
acts. congressional Investigation Of
the subject OF crop insurance. a con-
s~tttutional amendment prohibiting is
suance Of tax-frec securities except
bonds and other obligations Of fedcr-
al farm loan banks. re-enactment Of
sideration for agriculture with other
Industry in any tariff policy were rec
commended by the conference tonight
with adoption Of the report Of its
committee on AGRICULTURAL credit.
The report also protested against
enactment Of any consumption. sales
or manufacturers tax and urged rep
resentation by the United States "in
a conference for economic and f1nan-
cial reconstruction in Europe" to as
certain what this country can do to-
credit.
Action On Credits
With respect to establishment of an
intermediate agricultural credit sys-
tenn. the committee proposed that
congress set w an aEency to discount
loans on livestock paper and on other
agricultural commodities secured by
warehouse receipts for terms of si1
months to three" years. This agency
would be given the right to issue de-
bentures. sa1eable in the open market
against paper on which loans had
been advanced and to have its paper
~rediscounted by the federal reserve
banks.
Amendment Of the federal reserve
oct to give the reserve banks power
to buy and sell with or without e
dorsement by member banks. note!
secured by warehouse receipts fol
readily marketable non-perishabl.
Agricultural staples and livestock wa:
recommended,
The amendment urged for the farm
land bank act would increase tn
amount one individual is permitted
to borrow from $4,000 to $4,000 and
would permit joint stock land banks
to issue bonds In an amount Up II
ton Of representation by cooperative
associations on the directories o
federal farm land banks also wa
urged.
Uniform Laws Asked
The states were asked by the con
ference to pass uniform laws regulat
ing dairy products and byproducts ant
inspection Of meat animals and mea
products and federal and state co
operation in tick eradication worl
and control of plant disease and crol
pests was recommended with adoption
of a committee report dealing witt
this subject.
The report also requested the state
to pass legislation permitting agri
cultural cooperation and orKaniza
ton OF farmers cooperative assocta
tons and to cooperate with the fed
eral government in gathering and dis
tnbuting crop and market informa
ton. Creation of a national agricul
tural advisory council as a permanen
body also was considered.
The conference in adopting thi
report. expressed disapproval of M
preparations of funds by congress TO
distribution of free seed.
Stand on Rail Matters
Washington. ian. 2s.-The nation
record yesterday. in adopting its trans
portation committees report, as favo
portation committees report as. favor
ing participation by railroad labor an
railroad corporations in the genera
price "defation" after it had stricke
from another committees report
Recommendation for repeal OF tn
Adamson eight hour law and th
bringing down" of ages of raj!
road labor and other industrial labo
to a parity with the return receive
Other Recommendations.
The conference went on record a
tolls. saying 1.-THE people of the Unite
States have invested a large sum c
money in the Panama canal"
Other recommendations included:
Development Of ~hydro-electric pow
err projects to make current availaol
to the small consumer on the farm an
in the village. (,
Closer coordination Of railway, wa
terway and highway transportation.
Appointment Of a commission t
work out a national land policy, in
Guiding reclamation, irrigation, graz
ing and colonization problems in &C
operation With similar bodies in var
nsa~ ~%afDa y