New-York tribune., 1922-11-23
Market
Board UrgetIi,l
Farm Bloc Bill
Measure Introduced hy Nor.
ris Calls for SlOO, 600.
900 Financing Corpora.
,ion TO Ruy. Sell Crops
Inns TO Gust Middlemas,
Frorosal Regas-t'ed as 'Oper
irg Gun in Camnaigf, =
Win Further Earmers'Ai

r,aa me Tribaae's Washington Bareaa
wAsHlNGToN, Nor. %. Seuato
v.r,s 81 Nebraska introduced In che
,.sa.e to-dsy q bill providing that til
svs,nmeus establish a board for tn
.s.thsse and sale of farm product.
rho Government is to finance the plar
i the extent Of sioo.oooooo.
The bin Of Senator Norris is re.
..raed both IS step intended to inn
,rove MARKETING conditions and as a.
,sa;cssion tsat members Of the farm
bloc psosose TO lose no time n fue
tbsriag their agricultural program. Ii
Is an expansion Of his export trade
Ell az D year ago,
According to the bill, the propose
ssrd is to be called "The Farmers
ard Consumers Financing Corpo,
atiaa.7 1t is to be composed of th
Secretary Of Agriculture and TIVE
shers to be named by the President.
Headquarters Of the board would b,
b Washington, and the two director
m to receive salaries Of $4,000
lssncies or branch offices may be es-
shlshed in the United States o..
s,cad.
Powers Outlined
The bill sets forth the following a.
Ss powers of the board:
First--Tc build, buy, lease and
gsrate elevators and storage ware
npses.
second-ro buy agricultural product
hon any person or cooperative Oh
|gssi1ation Of producers within tae
|ghited States, and to sell such pro
tsess 10 any person or cooperative o.
aaigat,op Of consumers within the
raited States and TO any person o.
zsy Of consumers or 10 any govern
asf. or subdivision of government
Tlsout the United States
Third--To act as agent of any per
Ba or cooperative organization pro
s.ing or dealing in agricultural
gsducts, whether in their natural o.
spared states, within the United
htes. and in the sale of such pro
Its either within or without tn,
sHed States
Fourth--To make advances for tho
wpase Of assis ing any person or CO.
gsrstive organization in financing the
i nle or expectation and sale of such
gr!sultural products, but in no case
hst any Of the money so advanced
AGpended without the United States
Every such advance and any sale of
products made on tima shall be Sc
I caisa By adequate security approved
b. As heard of directors.
Amed at Micd'eman
fse bls avowed object is to pro
Has market for agricultural pred
1 Ws and eliminate as far as may be
4 commissions and charges on agri-
AsEfal products between producer and
aasuner; to Increase the price the
aiaer gets and lower the price to the
sa,umer.
Ss earnings Of the corporation not
slsited for operation are to be ac-
anulsted as d reserve until the re-
krrs amounts to $100,000,000. After
ait all net earnings are to be paid
no the Treasury until the payments
saal the amount advanced by the
EVernment for the capital stock Of the
tsncern.
Fred II. Bixby, president OF the
American Live Stock Association, TO-
esy made statement regarding live
itock financing before meeting of
iarm bloc Senators in the office Of
senator Capper, chairman Of the bloc.
DE commended the War Finance Cor
poration and urged the passage Of
ffnral credits bill providing for the
of livestock business and
agricultural producers. The bill laid
before the meeting by Mr.. Bixby is
along tho lines OF the Cappcr bill and
sther. comrodity credit bills, but dif-
sers ! N detail and is especially adapted
20 The livegto indnatr,.