The Birmingham age-herald., 1922-01-25

down to work on details this afternC the session yesterday held their frs
 The morning was given over to an open session marked by addresses by Eugene Meyer, Jr., managing director of the War Finance corporation; C. F. Warren of Ithaca. N F., who has just completed a study of European conditions; Wesley c. Mitchell, New York economist, and Herbert Myricls of Springfield. Mass, editor of Farm and Home. Another open session is to be held tomorrow morning.
 Some signs of differences in the conference appeared after the defeat today of . motion by J. s. Wanna maker of South Carolina for the Ap- pointment of a committee on reso- lutions. This motion was defeated on the ground that the committees already appointed were expected to consider resolutions
 Mir Wannamaker Issued a formal statement later, attacking the con- ference, and declaring about all the farmers and farm leaders have to ao in this conference is to shake hands with the President, meet some off cial dignitaries, and partake of lit- tie ice cream and cake and then go home."
 Well Baked Scheme
 "Selection of committees has been made in such a manner" Mir. Wan namaker said, 'as to suggest that those responsible for such service are either totally ignorant of the qualifications of the delegates or have lent themselves to cut and dried and well-baked scheme to pre- vent the forward looking farmer rep resentatives from bringing any good whatever from out of tho confer ence."
 He was confident, he said, that f was the purpose of those respon' sible for the conference to destroy the farm bloc"
 "The Presidents address In open ing the conference" he continued, Indicated very clearly that such was the purpose"
 day provided in many cases Tor dis- tributing the subjects before them to subcommittees.
 Commodity Financing
 Probably one question in which the delegates as a whole are interested Is that of commodity financing. one member of the committee on agricui- tural credit and insurance. which has this subject under consideration, sug- gested today that a plan probably could be worked out to provide for commodity loans running from six months to three years.
 His proposition would provide TOT the warehousing. grading and inspec- ton of commodities, indorsement or commodity paper presented by farm CTS by their local banks and the handling of this paper through the federal farm loan bank system wnicn would either discount 1t through the federal reserve system or Issue de- bentures against the loans in the form of certificates of indebtedness 10 be sold on the open market.
 Congressional Inquiry
 The committee also has at its dis Vosal the report of the congressional Inquiry commission recommending an intermediate form of credits which would give tho agricultural producers working capital.
 Live stock producers under one plan under consideration would have their paper discounted by the local banks and rediscounted by the farm loan banks through the federal re- serve system. On other commodities one plan would have loans made di- rect to farmers through cooperative loan associations, the commodities being covered by proper warehouse receipts.
 J. ogden Armour. Chicago packer, met today with the committee on ag- rieulturai research and education and their report, 1t was indicated, proba- blv would point out that while fur ther research along all lines is need ed. special attention should be direct ed along economic lines.
 Indorse Ford offer
 Proposals already put forward in inc conference to indorse Henry Ford's offer for Muscle Shoals and completing of the St. Lawrence Great Lakes waterway projects are expect ed to be considered by subcommit- tee of the transportation committee. A movement to have the conference indorse extension of the war finance corporation by Congress for another wear also is under consideration. Re- clamation, drainage, co-operative or ganization of farmers and taxation are some of the other matters under discussion by committees.
 Representative Summers of Texas today submitted to the conference s committee on markets suggestions for establishing the "business of az rioulture" upon a basis of relatively permanent economic strength and or bringing about economy and uniform ity in the sale and distribution" of commodities. His suggestions in- cluded standardization of agricultu- ral commodities with reference to 1their use rather than flor future board transactions" establishment of a warehouse system under which commodities could be graded, stored and guaranteed in assignable receipts and sale through a marketing agency by grade classifications with delivery from warehouses of original or sec ondary storage.
 Adjusted Credit System
 MT. Summers also suggested an lad justed credit system, supplementing but not supplanting. existing credit extending facilities" to provide "a longer time credit at a fair interest rate' to carry commodities for aor. derly marketing" He proposed tha, the agencies he suggested be co-ordi- mated to function as unit in facili. tating sale and distribution of farm products.
 Samuel Gompers. president of vhs American Federation of Labor. of. fered a resolution in the committed on agriculture and price relations t. declare that men engaged in the az ricultural field were "entitled to | large reward for the services the, give society,""
 Thomas Nelson Page, former am. bassador to Italy. told the committed that farmers should not look to thu government for aid, adding that al wars were followed by severe agri cultural depressions. H. c. s-harle, Mckenzie of New York called on la bor for increased efficiency ant urged cooperation between the pro ducer and the consumer for lower ing costs.