The Washington times., 1922-12-17
FARMC0UNC|[
AsKsCONGREsS
WIDEN CREDITS
Calls Upon Interstate Com.
merce Commission for Re-
duction In Freight Rates
SCORES "sYHTHETIc" MILK
Plans Permanent Organization
To Campaign Continuously
For Agricultural Relief
BY JOHN GOLDSTROM,
Unfverual 9arvico.

BY JOHN GOLDsTROM,
Universal Service.
The National Council Of Farm.
!ers' Cooperative Marketing As
sociations, representing 10000
farmers doing an annual business
of more than $1,000, 600, ,000,. yes
/ terday formally called upon Con-
gress to liberalize farm credits
and upon the, Interstate Commerce
Commission to reduce freight
rates on their products.
COUNCIL URGES RELIEF.
They thanked President Harding
and his Administration for their
I friendly attitude toward cooperative
marketing. and in a set Of resolu.
tions told what measures both the
administrative and the legislative
branches Of the Government should
take to assure them relief.
The fourteen organizations form
Ing the council decided to form q
permanent organization to cam
paign continuously for the things
they want.
EXECUTIVE COMMITTEE.
The executive committee com.
prises Judge Robert w. Bingham,
Louisville, chairman; Carl Williams.
Oklahoma City, vice chairman;
Milo d. Campbell. Coldwater. Mich.
second vice chairman; M. G. Coy.
Der, San Francisco; John d. Miller,
Nauy Ia
folk, Va; c. H. Foss. Maine: r. B.
Clancy, Arkansas; DIR. b. w. XII.
gore. Raleigh, N. c.; George G.
Jewett, Portland. Ore: Howard
Leonard, Chicago; g. A. Norwood,
North Carolina; Dan G.. Wallace,
st. Paul, and Aaron Sapiro, San
Francisco, general counsel.
The councils committee on rural
credits called upon the Banking anc
Currency Committees Of the House
and Senate to procure the passage
OF q measure containing five cardi-
nal features. as follows:
SEEKS WIDER CREDITS.
1. That the Federal law be
modified to extend the maturity
Of agricultural paper to a maxi.
mum Of nine months; that II fix
the standing of cooperative mar.
keting paper: that the limit for
Leans on such paper to any one
cooperative association be fixed
At 30 per cent of the capital and
surplus Of banks which are mem
bers Of the Federal reserve sys-
tenn. 80
.. That the maximum basis for
loans from farm loan banks BE-
raised from $4,000 to $25, 900.
.. That opportunity be provided
Tor creation Of agricultural credit
corporations with sufficient mini
mum capital to discount ordinary
Agricultural paper with q maxi
mum maturity. Of nine months,
and livestock paper with q ma
turity or. not more than three
years. with rediscount corpora.
tions adequately capitalized to pur.
chase such paper, rediscountinRa II
Through, the Federal reserve sys-
tenn. "A
!. EXPAND LAND BANKS. @
! Z. That . farm credits depart.
ment In the Federal land banks
be set up with capital Of
$b,000,000 in each Of the land
banks. against which credits may
y. - Issued nnn OF, approximately $780,
s. That the Federal land hank
have the right to purchase pro-
auction credits where the note of ,
/ the individual is fndorsed By the
cooperative credit associations, or
10 secured by s,chattel morteare
on implements or animals. or
both, and indorsed By q. local
bank, or where the notA ~ ArsFt
iteeh - made BY q cooperative
credit association Of producers.
The council, passed resolutions
btating among other things: 4
WANT FKKIGHrS R1sDUCED.
High freight rates proved q
burden to producers ana con.
sumers and we urge the Inter.
state Commerce Commission i'm.
mediately to reopen the question
Of revision OF rates. ~, 4
In recent years thers has an
peared on the market compounds
made OF skim milk and cocoanut
oil which cannot be readily de-
tected from whole evaporatsd
milk. Some Of the worlds great.
est authorities on nutrition have !.
denounced these compounds q IN.
furious to health. We therefore
urge the passage In this session
Of the Congress by tho Senate.
Of House bill 8086. intended 10
prohibit the manufacture OF such>
cOmpounda ~ n