New-York tribune., 1922-01-27
Agriculture Conference
Adopts Resolution Ask.
ing Action TO Rc-cstab.
lish Prices of Products
Hel p of Congress
Also Is Demanded
credits TO Finance Export
of$l,OOO, 900. 900 Sur.
plus Crops Indorscd

WASHINGTON. Jan. lmmedjat,
steps to rc-establish the value Of farm
products on party with those a.
o'"er commodities were asked OF Con
gross and President Harding to-nicht
oy the National Agricultural Confcr
'hcc through the unanimous a,jont;or
o. p resolution to that effect. The res
o'u'lon was contained in a report from
the committee on price relations and
mcmbcrs said its adoption mean, tina,
'som"thing must be done by the
ffcsldent and Congress immcdatcly.'
The resolution follows:
1T is the sense of this committee
that the Congress and tho Prcsidcn,
OF the United States should take such
steps AS will immediately re-establish
f"ir exchange value for all farm
products with that of all other com
moditics."
The conference a. the same t;mc 20.
!ccted resolution of the Natiora
Farmers Union, offered by ]. S. Wan
namakcr. OF South Carolina, whicl
would have called for rovern,ne,.
m1n'mum price guaranty on farm nrod
uctS " p ""
Wheat Guaranty Suggested
:>ohac measure OF stabili2ation @
pG'ces was advocated by j. NJ. Andcr
son' OF IT. Paul, who said some sucl
seep snou'd be taken until Europe i:
,esoored economically. He favored par
t1c1paton Of the United States in E,Iro
pSHn road M o,,+r
we don't want to embarrass III,
President by asking more entanrIc
mSnts In foreign affairs."
f. q. Page. OF North Dakota asked
Tor minimum guaranty on wheat fo1
two years. 'o'
ihe conference previously had adopt
cd resolution which read
with respect to the question ri
governmental price guarantees. VIC
feel that there should be comnrchcn.
slve study o. this subject. and there.
lore we urgc that the Congress- Gauss
careful 'nvestiga ton of this Who'll,
problem to be made by some prone,
au1hoIlty which will report it's findings
as early as practicable
Do.operat'on in farm marketing was
also recommended and ndorscd.
Wallace Opposes Price Fixing
some of the more radical DELEGATES
tett that only price fixing will al)cviate
the distress in which many farmers
have been thrown by the collanse ot
grain prices. Those favorinr this moi.
icy SAID that huge grain surpluses and
iow prices made it impossible for tho
farmer to pay taxes for last wear and
finance the planting Of new crops.
secretary Wallace of the Depart
ment or Agriculture is known to oppose
the fiXation of prices. He believes
such policy would be ruinous. but j.
ready to cooperate in a stabilization
o. values that will make the purchas.
ing power Of the farmers dollar as
great as that Of the city dwcllcr's.
The report Of the committee on price
relations was that the farmers pur-
chasing power had been cut in half in
two years and continucd:
"lhls unequal liquidation of prices is
the primary cause Of the inability of
manufacturers to sell their goods. It
has resulted in failures Of some and
the practical insolvency Of many of
the important industrial concerns of
the ration. This has been the prim
AIRY cause Of disastrous unemployment
Of millions of industrial workers.
Adequate Credits Asked
"Thc conference declares that no re-
vival of American business is poss ible
until the farmers dollar is restored to
It's normal purchasing power when ex-
pressed in the prices paid for the com
moditics which the farmer must pur-
chase
The conference q. its general scs.
sion commended the efforts of the De-
partment Of Justice to reduce retail
prices and urged that still stronger
measures be used to bring values to
q general level. The conference had
hit it's stride after three days Of pre-
lin'inary work and adopted a body OF
resolutions proposed by five committee
tees. Among the recommendations
adopted unanimously were:
Legislation providing adequate credits
for financing the export of the $1,000,
G00,000 surplua products.
investigation by the Interstate Com
mercc Commission of the advisability
of extending preferential rates on GER
Continued on page thrsc)