Omaha daily bee., 1922-01-26
Markets for Export
Proposed at Meeting

toMttnuru rum Teke onel
the maintenance OF an open market
in which farmers elevator COM
panles might compete on equal terms
with individual dealers and line Gle
yalor companies" by the efforts OF
the Chicago Board OF Trade. Fifty
six per cent OF grain received at Chi
eago. he said. comes from farmers
elevators
The Board OF Trade" he asserted,
looks on the farm bureau movement
as the greatest forward step taken
by American agriculture in the last
~ years"
lie said tho board hoped TO CO.
operate in solving marketing prob
lens.
Waterway Recommended.
Recommendation for the consiruc-
ton OF the st. Lawrence Great Lakes
waterway project WAS voted by the
subcommittee on waterways.
Accommodation Tor repeal OF the
commonly known guarantee clause
OF the transportation act and re-
turn TO the state railroad commits
sions OF control over state rates was
voted today by a subcommittee on
railway transportation OF the general
transportation committee OF the con-
ference. The vote on the repeal OF
the guaranty clause was j. 10 and
on the return OF the state railway
powers, ! TO o.
Proposes Export Markets.
Governor Parkcrbof Louisiana. adj
dressing the conference. proposed as
means OF combating the present
farm depression the opening OF ex-
port markets through extension OF
long time credits 10 foreign buyers
through the federal reserve system.
Have the federal reserve banks,
tho Louisiana governor suggested,
send their own representatives 10
The capitols OF those European ma
tons sincerely desiring 10 purchase
our products and unable to pay for
them. Look up the standing and
character OF these purchasers as well
as their financial responsibility. Sell
them not on very short time as is
customary now. but on six. II and
Is months, taking their acceptanccs,
with the Endorsements OF the local
bank and the cooperation of the
great banking institutions OF each ma
ton, and authorize the spinners,
manufacturers and dealers to sell
their products on equally long time,
all drafts, acceptanccs and notes in
payment to be deposited in trust I'M
til the claim OF the federal reserve
bank shall have been paid in full"
Instant Relief"
Governor Parker told the confer
cnce that this plan would afford al
most instant relief, would mean the
employment of many American ships
for carrying to those nations the
cotton to give profitable employ
mcnt and the foodstuffs to keep
many of thclu from starving; would
add to the value and activity of the
merchant marine; would put energy
and spirit into business and bring to
this country the good will Of all
older nations"
Governor Parker departed from his
prepared address to take notice of
rumors which he said had been heard
in some quarters concerning the con-
ference that this is hand-picked,
cut and dried performance. He added
the hope that there was no founda-
ton whatever in the rumors.
Governor Parker praised Presi-
dent Harding and Secretary OF
Agriculture Wallace for disregard
ing politics and asking patriotic
democrats from the south to sit
shoulder to shoulder with the pa
triotic republicans from the north"
The governor reused the confer
ence to applause when he called on
them to put the welfare of the ma
ton above every other considera-
ton and to work ito restore the
peace, happiness and prosperity to
the whole nation and also to agri-
culture whose people are now sore
ly tried"
Carl Williams of Oklahoma City,
Okl., discussing the marketing of
cotton through cooperative organi-
cations, declared such organizations
had handled more than $4,000 worth
of cotton this season and ARE APP
parcntly we'll OH the way toward be-
coming permanent institutions in the
SOUTH"
The associations already doing
business. Mr.. Williams said, are stu
ated in Oklahoma, Texas, Mississippi |
and Arizona, with huge organiza-
tons ready for business in Arkansas
and North Carolina, and organiza-
ton work under way in Georgia,
South Carolina, Alabama, Tennessee
and Louisiana.
Opinion Divided.
Opinion among delegates was d.
vided today as to the probable effect
of the statement criticizing the con-
terence issued yesterday by ]. S.
Wannamaker of South Carolina.