Norwich bulletin., 1922-12-05
NUMBER FOUR
(continued from Page one)

asserting that action should be taken promptly to increase the maximum which 9 larTn loan bank may loan to an individ- ual from s1O,00O to $25,OOO. He advo- cdted also readjustment of the term loans may run, saying a system should be established by which the farmer could borrow for periods of from six months to fhree years. Creation of a new bureau of home economics was urged by the sec retary, to enable the department to ex- tend it's efforts toward better economic systems in the rural community.
 Anothe1f problem requiring. immediate atte1rtiGny the secretary said was "the necessity of. working out and applying a comprehensive plan of protecting, regrow- ing and utilizing our forests" He de- clared forest legislation should be enacted extending, federal cooperation to the states in the protection of forests, CO ordinatings state and federal service in the growing and distribution of forest plant ing material, extending purchase of tim berland 'as rapidly as the condition of the treasury will permit and covering into national forests some areas now comprised in Indian reservations. - l. The secretary reported good progress in organization Of the packers and stock. Pyards administration and tie grain flu. ttres administration, in the campaign against plant pests, and in the various Bother lines of service i.s which his depart nent is Interested.
 Relationship of Prices.
 ! This year would be a prosperous year for agriculture, and consequently pros | porous year for the nation, if the rela | tionship of ENlces now was such as exist ed before the war, Secretary Wallac, said. There has been some increase il fprices of farm profncts, but there, has no +beeR- much improvement in the genera relationship between the prices of tn things the farmer produces and the thing he buys.
 ATheng-the causes which contribute t, Ethe abnormal relationship of farm price Ito the prices Of other things, Secretar. Wallace mentioned these: e< + Overproduction of many farm crops.
 Continued high freight rates.
 Maintenance of industrial wages a near wartime levels.
 Economic depression and, depreciate Icurrency in European countries.
 Interference with the efficient function ling Unnecessary industries.
 |! Unreasonably high costs of distrfbutio | = -.s ii s.- Such a Thing as OyerprodHetdon. <.
 %;'Sorne contend there is. no such a. thin as overproducion of farm products an ea9Ifet be soslong as there are people i the world who suffer for food and clotf ing, said Secretary Wallace. son fl, ssGnosiine of reasoning, it can be argue that the production of automobiles will 1
 inadequate until every nan and wona
 and every boy or girl of high school as
 owns one.9 There is overpreductiori. E far as the producer is concerned, wfie1
 ever the quantity produced cannot I
 marketed afza price which will cover a costs and leave the producer enough tempt him to continue produetion AT
 whenever there is. such overproduction u output will be reduced either by conscio, , effort on the part Of the nroducers or. I
 tltc operation of economic laws whi, drive tho iess efficient spvedueers out !
 business. The fact that for three yea
 in sncesssiea the farmers of the Unit,
 States have produced more of some cro
 than could be sold at prices high. enou; to<coverz producing ccsta=
 will never be possible for the farT CTS to relate their Broductionrto profitab : demand with the nicety of the manIifa
 tursr. both bscause they cannot contr |. tket elements which influence productfi
 and cannot estimate demand 80 aclosel
 Nsstter wifi the fGT7uers eyer be ah1e
 organize as, have the labor unions an
 hy rules and regulations and silsoip.inai g fnaasEFae, Aoapntt oised.saea b pciIc4
 adepsed. They aan, however, bring abo l s better sfljug gfsTsht of pF9daetidn, ai . s59s@aiiy Of fhaFistiHE, t6 tiis nseds Ri
 purchasing abilky eE possible easteme
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