The Washington times., 1922-07-06

The ideas of E "
the farm bloc
have made their WILLIAM HARD.
way into responsibility. The farmers
cooperative marketing movement In
getting accepted and sponsored by
bankers and other good men. The
Burley Tobacco Growers Co-opera-
tive Association, which handles an
extremely extensive business in Ken
! lucky and Tennessee and Indiana
and Ohio. Ia headed by Mr.. James c.
Stone, who has been a private ware
houseman Of high esteem. He says
to the farmers: .f
! Under the old system you paid
for my warehouse and 1 still owned
1t. Under the new cooperative sys-
tenn you pay for that warehouse and
own 1t yourselves"
The Tobacco Growers Cooperative
Association of Virginia and North
and South Carolina Is managed by
Mr.. Oliver J. Sands, q banker of
Richmond. The National Milk Pro
ducers' Federation-which has some
200. 900 members existing in co-opera.
tive societies scattered all the way
across the country. from the Milk
Producers Association Of New Eng
| land to the Associated Dairymen Of
California-is quite plentifully sup
piled with leaders who are linked to
business in town as well as to busi-
ness in the open country.
Business in town is at last begin
| ming In numerous places to realize
that the farmers cooperative mar.
keting movement Is here to stay and
that the safest and best way to treat
It is to welcome II to membership In
the general business community OF
the nation. The Republican party is
not going to lag behind the business
community in this noble awaken
mentI
| The president Of the National Milk
Producers Federation-Mr. Milo d.
Campbell, of Coldwater, Mich.-has
been earnestly considered as q pros
1 pective member of the Federal Re-
serve Board. Against him the friends
OF Mr.. Howard, of the National Fed.
Grafton Of Farm Bureaus, are push.
ing Mr.. Howard.
The Federal Reserve Board law
now includes agriculture among the
interests which deserve representa-.
ton in the board: and the Republican
party now includes agricultural or
| ganiZations among the sources Of
wisdom regarding appointments to
the board.
! The Republican party now further
In fact admits that our banking credit
system has not been entirely Sair to
farmers and 1t proposes to make 1t
fairer. The new McFadden bill
named after the chairman Of the
Banking Committee of the House Of
ACKNOWLEDGEMENTS to change
the Federal Reserve Board law in
such a way as to give new "eliglbil-
ity" to the paper" Of farmers who
| are trying to market their crops IN
a reasonably gradual and orderly
manner. In other words, this bill
will make 1t easier for farmers 10
borrow on the security of their
crops in warehouse or in transit.
Eugene Meyer. jr., of the War
Finance Corporation. has made it
easier for farmers to do that sort
Of borrowing during these present
passing years Of the War Finance
| Corporations short life. Growing
out OF Mr.. Meyers work, the Nc
Fadden bill will make is easier for
farmers to do that sort Of borrowing
The farmers are to be placated.
The Republican, senatorial campaign
committee will put no obstacles In
the way of the election Of Mr.. Brook.
hart from Iowa or Of Mr.. Frazier
! from North Dakota. The farm bloc
was once thought to be the equiva.
lent Of revolution. It is now begin.
ming to be seen to be In fact a shock.
absorber against revolution.
In certain parts Of IL the farm
. bloc IL even an anti.radical and anti
progressive influence. Certain farm
. bloc Senators would gladly give the
farmer a stone II he could be induced
TO swallow It for bread. Mr.. Brook
hart and Mr.. Frazier will oppose
| such Senators. They are in favor Of
! giving the farmer not only bread but
even a little cake, II cake is thought
good for other owners and managers
Of property.
The Republican senatorial cam.
paign committee will nevertheless
give Mr.. Brookhart and Mr.. Frazier
It's ful! official support. It is not
waging any war against even the
! farm bloc's extreme left wing.
Secretary Of War Weeks will stand
! NO IN inc F'hS' anu vet OIL pln-Wneels
against the farm bloc. This gives
! the party a good social standing. In
the West the campaign managers
will support any Republican who
! can get a Republican nomination
and then In Washington in the next
session Of Congress the Republican
Marty will pass laws which may not
be acceptable to the whole Of the
farm bloc but which will be taken
with thanks by the conservative
right wing part Of 1t. This will help
business in many farming districts
and will keep the Republican party
In office. Office and good social
, standing at the same time-why not7
[ ADV VII SON NAV, Dim