The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1922-02-08
OUTSTANDING RESOLUTIONS
PASSED By THE CONFER.
ENCE BEFORE ADJOURN
MENT ON JANUARY 27TH.

MENT on JANUARY 27TH.
The following measures for re-
and the rehabilitation
Of American agriculture were fav-
orably acted upon by the Confer
ence:
50 No. 1.-The establishment Of
commodity financing through
loans to farmers running from
six months to three years; the
creation by the Government OF a
Federal financial system for dis
counting farmers short-terln
notes based on agricultural COM
modities and livestock, as col
lateral; divorcing farm finance
from the shert-terna, red tape
commercial system employed by
the Federal: Reserve bahks,"and
have short-term farm loans
handled by the Federal. Earna,
Land . banks either direct or
through the. agencies Of local
hanks and cooperative marketing
associations. - ~;
No. 2.-To extend the present
operation Of the War, j. Finance
Corporation so .;long as it's ser
], vices may be. needed in making
i. loans on warehouse products and
livestock as at present conductedl
No. 3:-Endorsefnent of the ac-
tivities sof the Senatorial Agricul-.
tural Bloc in it's efforts for pass
ing and seeking to enact further
beneficial legislation in behalf OF
American agriculture. -.
\ No. 4.-Endorsement Of the
report Of the Joint Congressional
Commission on Agricultural In
quiry; it's fulsome criticism Of
the drastic. deffation policy :of
the Federal s:eserve Board and
the various measures proposed
to Congress for immediate and
future agricultural relief. >'.'"
No. 5.-Endorsement of Fed
eral legislation to aid in the de-
velopment and successful organi-
. zation OF cooperative marketing
associations among the farmers
OF the Nation as the best solution
Of existing Edifficulties in the
{ econonaic and efficient marketing.
of staple agricultural products.
:, No. 6. 6,.--Endorsement OF the
leasing Of the Muscle Shoals dam
and government properties to-
Henry Ford, in. the interest OF
securing the manufacture, of;
commercial nitrates for use on
American farms and the fun de-
velopment Of >that:splendid water
>power.>te be utilized. in hydro
.electrically-driven enterprises :of
various kinds for the. benefit Of
1.-The whole country. w
No :. I.-Recon1menided the
appoin trneTit Of an, American
Commission to attend and take.
. part in. the World Conference to
be held at Genoa, Italy, in March,
TO discuss ways and MEANS. for
t. Eeha bilitating. ,the industrial. &C
tivities and finance in the various
foreign countries, and that this
Government extend all possible
aid to European countries to en-
able them to purchase needed
raw: products from the United
States.
No: S.-Endorsement of the
economic policy OF acreage con-
troll in planting certain staple
crops. SO that production viii
more evenly balance with the de-
mand for legitimate consumption
and avoid the heavy losses to
farmers which accrue from the
production Of a surplus OF raw
products to be sold at low prices.
This plan provides for restoring
the farmers dollar to its nor!F i:
purchasing power.
No. 9.-EiSoroEs and united
action OF all allied agencies to
place the avocation OF agricul-
lure on a parity with all other
Industries. That the president
Of tho United States and Con-
gress should at once take steps
10 reestablish fair exchange
y f,,r