The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1922-01-25

speculatively manipulated prices.
spoilage, waste, scarcity, the results
Of defective distribution Of farm prod
ucts. Should it not occur to US that
we have a common interest with the
farmer in his attempts to attain de-
gree Of efficiency In distribution cor
responding to his efficiency in produc-
ton? Do not the recent fluctuations
In the May wheat option, apparently
unrelated to normal interaction Of
supply and demand, offer a timely
proof Of the nee1? Of some such stabil.
izing agency as the grain growers have
In contemplation?
It Is contended that. il their pro-
posed organizations be perfected and
operated, the farmers will have In
their hands an instrument that will be
capable OF dangerous abuse. We are
told that it will be possible to pervert
1t to arbitrary and oppressive price
fixing from it's legitimate use Of order
Ing and stabilizing the flow Of farm
products to the market. to the mutual
benefit Of producer and consumer.
have no apprehenslons on this point.
ID the first place, a loose organiza-
ton, such as any union Of farmers
must be at best. cannot be 50 arbi-
trarily and promptly controlled as a
great corporation. The one is lum-
berins democracy and the other an agile
autocracy. In the second place, with
all possible power Of org :nization, the
farmers cannot succeed to any great
extent. or for any considerable length
Of time, In fixing prices. The great
law OF supply and demand works In
various and surprising ways. to the
undoing Of the best laid plans that
attempt to foil it, In the third place,
their power will avail the farmers
nothing If it be abused. In our time
and country power is Of value to it's
poSsessor only 80 long as it is not
abused. II is fair to say THAT ! have
seen no signs in responsible quarters
of a disposition to dictate prices.
There seems, on the contrary, to be
commonly beneficial purpose to realize
a stability that will givH an orderly
and abundant flow Of farm products
to the consumer and ensure reasonable
and dependable returns to the pro-
ducer.
In view Of the supreme Importance
to, the national we!l-being of a pros
perous and contented agricultural pop
u'ation, we should be prepared to 90
a long way in assisting the farmers to
get an equitable share of the wealth
they produce, through the inaugurs-
ton OF reforms that will procure
continuous and increasing stream OF
farm products. They are far from get
ting a fair share now. Considering
his capital and the long hours Of labor
put. in by the average farmer and his
family, he is remuneratcd less than
any other occupational class, with the
possible exception Of teachers. rel1-
gious and lay. Though we knows that
the present general distress of the
farmers is exceptional and is linked
with the inevitable economic readjuSt-
ment following the war, it must be
remembered that, although represent
in. one-third OF the induStridf
and half the total population Of the
nation, the rural communities Ordi-
narily enjoy but fifth to quarter of
the net annual national gain. Notwith-
standing the taste OF prosperity that
the farmers had during the war, there
Is today a lower standard OF living
amcng the cotton farmers Of the South
thanIn any other pursuit in the country.
In conclusion. it seems to me that the
farmers are chiefly striving for gen.
orally beneficial integration Of their
business, of the same kind and charac-
ter that other business enjoys. II 1t
should be found On examination that
the attainment OF this end requires
methods different from those which
otke- activities have followed for the
same purpose should we not sympa-
thetically consider the plea for the
right to cooperate, il only from our
own enlightened self interest, In ob-
tanning an abundant and steady flow Of
farm products?
In examining the agricultural situa~
ton with a view to its Improvement,
we shalt be most helpful it we main-
tain detached and judicial viewpoint,
remembering that existing wrongs may
be chiefly an accident Of unsymmetrt-
cal economic growth instead Of crea-
ton Of malevolent design and conspira-
cv We Americans are prone, as Pro
fessor David Friday we'll says in his
admirable book, profits, Wages and
Prices" to seek criminal intent be-
hind every difficult and undesirable eco
nom,c situation" I can positively as
sert from my contact with men OF
large affairs, including bankers. that,
IS Il whole, they are endea'orlng TO
fulfill as they see them the obligations
that 90 with their powe:. Preoccupied
with the grave problems and heavy
tasks Of their own immediate affairs,
they have not turned their thoughtful
personal attention or their construc'
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