The Washington herald., 1922-01-23
M'ADAMS URGES
SUPPORT FOR U.S..
'AGRICULTURISTS
Bankers President Calls
Farming Their Great
Problem.
PRODUCTION VITAL
Declares America Must Be
Ready to Meet Demand
For Clothes and Food.
PRODUCTION VITAL

NEW YORK, Jan. 23.-"Put the
American farmer on his feet, not
through paternalistic legislation or
specious nostrums but through the
application of old-fashioned. COM
mon sense and American banking
and business principles. World
movements indicate a gradual
clearing up of the foreign financial
skies, and IL The buying power OF
Europe is re-established, the fall of
1922 may find America facing an
active demand for our fundamental
commodities"
Thomas i. McAdams, president of
the American Bankers Association,
in special message to the bankers
of the United States, emphasizes
that the most important task before
them at this time. and the one
which requires their most careful
attention and undivided support is
agriculture.
The world must be fed and
clothed. and Mr.. McAdams emphas-
era of prosperity must rest upon
tho firm foundation OF new wealth
created. The needs Of the world
must be properly supplied. he says
and it is the duty of the American
banker to help the American farmer
by bridging the gulf between the
di9haa rtanino he
ing future. The message reads:
The Day After Tomorrow.
Everywhere one hears the query.
What is the outlook for busincss%
Never before have VIC faced so
many great problems clamoring for
Intelligent solution. To America is
the world looking for far-seeing
and constructive leadership and
upon us largely depend the condi-
tons which shall prevail here and
abroad on the Day After Tomor-
row-the day after we shall have
passed through the period OF re-
adjustment and rehabilitation and
be once more actively engaged IN
producing and consuming in an or
derby business-like way.
Good business then depends up
pl Soou IO"- WIN EOOu
judgment go individual initiative
and hard work as the essential ele-
mcnts in making 1899 a stepping
stone to financial stability and in
dustrial activity.
what is our first step? What
is our most important task at this
hour? What needs our most carefuI
yes prayerful-attention There
ic q RhallanDa N a
agriculture.
The fundamental wealth of
America is the productivity OF her
soil Transportation-ma
MISUNDERSTANDING --nerchan-
disinS-labor all take on new III.
when the farmer prospers-all sUf
fer when his purchasing power is
materially curtailed God in His
bounty has given us the land and
the water We have the man-power
we have the machinery-we hav,
the gold-shail we put them all ac-
lively to work that the world may
be clothed and fed and Americas
new era of prosperity built upon
the firm foundation of new wealth
created
"A crop that can be made and il
for any reason not planted or har-
vested is an opportunity forever
lost-time and money that can
never be regained. Rotation OF
crops is agriculturally sound and
Investigation is acknowledgements
ed--for a commodity of which there
is a great surplus supply there be
substituted something more sorely
needed
world movements indicate
gradual clearing up of the foreign
fins ncial skies. II the series of in
ternational conferences being held
result in re-establishing the buy
ing power of Europe the fall may
find us facing an active demand
for our fundamental commodities.
It will then be too late to plant
the necessary crops.
should the foreign situation not
improve materially then financial
America must provide the machin-
cry for carrying the surplus tempo
rar,ly and prevent Decentralization
in values. The demand cannot be
long delayed II the needs of the
world are to be properly supplied.
Today crops may be both planted
and financed on a materially diff
ferent basis of risk than was in
Cured during the period of high