The Bismarck tribune., 1922-01-25

1t to foreign buyers through the
[ federal reserve system and per.
lection Of the cooperative market.
ing idea were among remedies
recommended today for the agri.
culture depression by speakers.
They were of unanimous opinion
that a sound marketing policy
was as essential rs regulations re.
garding production.
Washington, Jan. 25.-(By the A. P.)
American agriculture as whole is
profiting by study of the plan that
has contributed to the welfare of Cal
ifornia in the face of severe business
depression, G. Towel, general man
ager of the California Fruit Growers
Exchange, declared today before the
National Agriculturo,C Conference. Mr..
lowell declared that success of CO.
operating Of marketing depends upon
the will of the farmer to cooperate and
on the development of spirit of mu-
tual confidence and trust between
those engaged in the venture"
Cooperative organizations should be
composed exclusively of farmers and
managed by farmers with the benefit
returned to each member by his pa
tronage of the organization.
He advocated payment Of only fair
rate of interest on capital stock and
that v.ting power be distributed on
the 'one man, one vote principle"
Urge Canal
ton of the St. Lawrence Great Lakes
waterway project was voted by the
subcommittee on waterways transpOr-
ration under the general transporta-
I sy,.t$ .t$c0mmittee.
Recommendation for the repeal of
the commonly known guarantee act Of
the transportation act and return to
Vie state commissions Of control of
intrastate rates was voted by the
transportation committee on rail
transportation. The vote on the re-
neal Of the guaranty clause was II to
and on the return OF state railway
pow"'s II to 6.
Signs of Difference
Some signs of differences in the
difference appeared after the defeat
of a motion by J. s. Wannamaker,
Of South Carolina, for appointment of
committee on resolutions. This mo-
ion was defeated on the ground that
the committees already appointed
were expected to consider resolu-
tions.
Mr.. Wannamaker issued formal
statement later, attacking the confer
ence and declaring "about all the
farmers and farm leaders have to do
in this conference is to shake hands
with thej President, meet some official
dignitaries, partake of little ice
cream and cake and then go home"
"Selection of committees has been
made in such manner" Mr.. Wanna
maker said, as to suggest that those
for such services are either
totally ignorant of the qualifications
of the delegates or have lent them
selves to cut and dried and we'll
baked scheme to prevent the forward
looking farmer representatives from
bringing any good whatever from out
Of the conference"
Charges UlteriOr Motive
He was confident" lie continued,
that it was "the purpose of those re-
sponsible for the conference to de-
stroy the farm bloc"
''The Presidents address in open
ing the conference" he continued
indicated very clearly that such was
the purpose.
The committees, in organizing, pro-
vided in many cases for distributing
the subjects before them to subcom-
mittees. Probably one question in
which the delegates as a whole are
interested is that of commodity fl
nancing. One member of the commit
tee On agricultural credit and insur-
ance, which have this subject under
consideration, suggested that plan
probably could be worked out to pro-
vide for commodity loans running
from six months to three years. His
proposition would provide for the
warehousing, grading and inspection
of commodities, endorsement of COM
modify paper pres sented by farmers by
heir local banks and the handling of
his paper thru the federal farm loan
anks system which would either dis
count the loans in the form of certifi-
Gates of indebtedness to be sold upon
the open market.