Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1922-01-26
LOANS ON PRODUCTS
Of FARMS PROPOSED
AT AG. CONFERENCE.
PROPOSITION EsiGNE0 TO
MAKE CROP RAISING A SELF.
SUSTAINING INDUSTRY IN.
poRsEp BY COMMITTEE IN ses.
SION AT WASHINGTON.

Washington. Jan, 26. 800 Proposals
looking to development of American
agriculture as a self.sustaining indus
try were considered Wednesday by the
national agricultural conference
while its committees continued work
on suggested measures 10 relieve the
present acute situation and provide
for general Rehabilitation,
Addresses on marketing problems
were interrupted long enough to per-
nit Chairman Anderson 10 deny
charge voiced in soue quarters, thar
conference delegates were hand
picked" Mr.. Anderson said Secre-
tary Wallace had consulted farm or.
SANITATION leaders and others in max.
ing up his list. Governor Parker Of
Louisiana. one OF the first speakers
to mention the whispered talk Of
"hand picked delegates at yesterday
meeting, also defended the confer
ence.
Other speakers yesterday includei
w. T.. Wagner OF Chicago, Carl WI.
liams OF Chicago and Robert Nc
Dougall, president OF the Chicago
Board OF Trade.
A proposal for establishment OF
commodity financing through loans
to farmers was Endorsed late yester-
day by a subcommittee. The proposal
was said to provide for creation by
the government OF an agency for dis
counting farmers notes, based on agrl-
cultural commodities and live stock
paper. This was said TO be one I'M.
portant step necessary to ameliorate
the present situation.
A number OF informal conferences
were held yesterday by delegates said
to he considering proposal OF reso.
luton indorsing the farm bloc III
congress.
Mr.. McDougall, who told OF the part
played by his organization in the mar
keting system, asserted it was impos'
sible ito separate the marketing prob
lem from that OF production
Officials OF the Chicago Board OF
Trade know it can prosper only il.
grain growers prosper, Mr.. McDou-
gall said, and that the board there
fore was interested in better and
more prosperous production system.
The board of trade favors scien-
tiic agriculture, based on tifty'year
program. rather than on hand-to'
mouth adjustment to meet temporary
troubles" he added
Rapid spread OF cooperative eleya
tors throughout the grain belt, he con
tinued, was materially assisted b.
maintenance of an open market in
which farmers elevator companies
might compete on equal terms with
individual dealers and line elevator
companies" by the efforts of the Chi
cago Board of Trade. Fifty-six per
cent OF grain received at Chicago, he
said, comes from farmers elevators
THE board Of trade" he asserted,
looks on the farm bureau movement
as the greatest forward step taken by
American agriculture in the last forty
years
He said the board hoped to cooper
% ate with the reYly created farmers
committee in solving marketing prob.
lens.
American agriculture as a whole
could profitably study factors that
have contributed to the welfare of
California in the face of general bust
I ness depression" G. Harold Powell,
general manager of the California
Fruit Growers Exchange, said in his
address. He asserted success of CO.
operative marketing depended upon
the will Of the farmer to cooperate, p
and development OF "a spirit Of mn-
, tual confidence and trust between
those engaging in the venture
Recommendation fer construction
OF the st LawreneeIireat Lakes wa
terWay project was voted by the sub
committee on waterways transpOrta
ton under the general trans portation
$ committee.
recommendation for repeal Of the
/ commonly known guaranty clause Of
y the transportation act and return to
the state railroad commissions of con
h trol over state rates was voted by a
subcommittee on railway transpOrta.
4 ton
On a recommendation against any
proposition looking toward price fix.
Il ing in agricultural products was
voted by a subcommittee of the com
= mittee on marketing of farm prod.
ucts This decision, it WAS said was
reached only after a strong fight by
IA advocates Of the priceiixing PROPOSE