Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-12-06

| ICdll dS ISullulC- dllu VI lllC COlli :
age and hopefulness of Ameri-
can farmers.
Certainly no other industry
| could have taken the losses ag-
I riculture has taken and maintain
| production he said, "and we
! have no evidence to show that
any ether group of workers
would have taken the reduction
-in wages in the spirit in which
! the farmers have taken their re-
duction. Many thousands Of
| farmers have not been able to
weather the storm, notwith-
standing their strenuous efforts.
Thousands who purchased lant
! during the period of high price,
have been obliged to give up the
struggle, let their land go back,
lose all the money they paid for
it and start anew. Many thous-
ands OF renters who had sub
stantial Savings invested IN farm
equipment and livestock have
, gone thru the same experienc,
and have lost everything"
There are some hopeful as
poets to the situation notwitii.
standing the continued low pui-
chasing power of farm products.
Secretary Wallace pointed out.
ct is fair to say that in gen.
craI the farmers of the United
States IRE. il a better position
| tfnan2iplH {now than they were ;
iisyear Qrteigilteen months ago" he
declared. Farm products are
selling at considerably higher
prices and it is estimated tn,
aggregate value Of the crops il
the countryvthis year is about
{ $1,25Q,O00,000 more than las
year. Considerable quantities OF
these crops will be fed and tho
increased value will not be Who'll
ly recovered by the farmer, bu
The bare TACT HAT such a larg'
increase iii money will reach tst
farmers pockets this year is
most fratifying and reassuring.
The advance in price of cot,
ton has been most helpful thru
out the cotton growing states
Considerably higher prices 70
wool, lambs and sheep have re-
suited in pulling the sheep in
|, austry out of the slough of de
| spend and setting it OH its fee
I gain. Right thru the period o
| depression hogs have been sell
ing 9t considerably higher prices
relatively than corn. On tllt
| whole it has been a fairly salts
factory year for cattle feeders
! Credit conditions have improved
and interest rates have fallen.
hopeful sign is the
increasing willingness and desir,
of people engaged in industry
commerce and finance to he'll,
bring about a more favorable adj
justment for the farmer. Sucl
people are coming to realiz'
more and more the menace to
themselves III conditions so TIN
favorable TO agriculture as thoss
Of the past tire years. Theil
attitude coward the farmer ha
changed from that of benevo
lent paternalism such as was 81
! much in evidence during the It
years preceding the war. They
now understand mere clearl,
that their own future is insep
arably linked with the farmer
and that in doing what they cal
to help him get on his feet agail
they are helping themselves as
well" DIX owl
/ In relation to the price OF
farm products at the farms anC
prices charged for farm product;
/ in the cities, Secretary Wallace
| sad the cost of distribution re
mains high, notwithstanding FIRE
quent violent denunciations o
proiteers il the cities. In part
! this high cost of distribution, h
| declared, is caused by the multi
plicaion of distributing ageneie
! during the last six years, in part
| by the increase in rent, and sup
plies, but in larger part by the
higher wages which employees ii
the distributing business have
been able to maintain.
Taxes on farms in most farm
| ing states have more than dou-
bled and is proving to be one o
the most frequent subjects o.
complaint by farmers and dur
ing the next few years the Who'll,
question OF taxation, Mr.. Wal
iate said, will evidently receive
considerable attention by all the