Every evening, Wilmington daily commercial., 1922-01-27
PRICE FIXING PLAN
REJECTED BY FARMERS


Washington. Jan. 27.---Rejecting
resolution that called for q Govern
mental guarantee OF minimum prices
OF farm products. the National Agri-
cultural Conference last night adopted
unanimously In It's stead the follow
ing.
Resolved That II In the sense Of
this COMMITTEES that the Congress
and the President Of the United
States should take such steps as
will Immediately re-establish
fair exchange value for sll farm
products with that Of all other
commodities.
| An animated debate preceded the
conferences action which WAS spe-
cincnlly on the report OF the committee
on marketing. A proposal to endorse
price liking had been beaten in the
committee, but tho matter was
brought before the Conference Itself
by J. s. wanamaker OF South Carolina
Mr.. Wanamaker urged the Idea and
40 did several Western delegates. p. -
Page OF North Dakota declaring for a
minimum guarantee on wheat for two
years
While opposing any specific actor
on the subject. the conference die
adopt this resolution:
With respect TO the question OF
Governmental price guarantees,
we feed that there should be a
comprehensive study OF this sub
ject, therefore, we urge that the
Congress cause n careful investi-
cation of this whole problem 10
be made by some proper author
ity which will report it's findings
as early as practicable.
Price Relations Report.
The report Of the COMMITTEES OF
Agriculture and Price Relations, which
was adopted unanimously by the con
ference, says at the outset:
THE overwhelming drop in the pur
: chasing power OF the American farme
Is one OF the salient features Of IN
drastic liquidation that has taken plac
in the, last two years. The decline 4
the price OF the things the farmer sell
has been 80 much greater than the do
cline in the prices Of the goods h
buys that his /purcha sing power ma
been reduced one-hah in the brie
: period of two years. This unequ;
! liquidation OF prices Is the primar
= cause Of thef inability OF manufac
: turers to sell their goods. It has RI
! suited in failures of some and Oh
y practical insolvency Of many, Of N
important Industrial concerns Of ii
= nation. This has been rhe primar
: cause of disastrous unemployment
= millions of industrial workers.
THE conference declares that no r.
vival OF American business Is possib
until the farmers dollar is restored
its normal purchasing power. when e,
pressed In the prices paid for the con
modIties which the farmer must pul
\ chase. and the conference further d,
clarss that by right tho men engage
j IT. the agricultural field ara entitled
a larger return than they have her,
tofore received for the service the
= give society.
The manufacturer has IN the pa
quickly adjusted mis- production
price recessions, while the farmer HI
not When farm production Is
large that the product cannot be SO
a. for prices that will maintain a reaso
l. able standard Of living on the far
e. the supply is too large. We recor
4 mend that the farmers and the fan
III orga Mia tons consider the problem
I'd world supply and demand and ma
r comprehensive plans for producti
programs so that they may be al
as TO advise their members as TO :
in probable demand for staples. and
ey propose measures for proper limitati
to OF acreage IN particular crops
IL pointed out by the President OF I
W United States.
III I'm the future we must insist II
al labor and capital employed on the IA
ell receive from the hands OF the COVER
nc ntent the same measure OF tariff p
lection that is accorded labor a
re capital IN other industries"