Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-24
HARDING
PLAN RESTING
OVER VOLCANO.
Progressive Group Of
fers Program of
It's Own.
ASKS BIG CREDIT
Better Feeling De-
velOps Over Com
mittee Choice.

WASHINGTON, Jan. 24.-Partial re-
spOnsibility for the present hectic
and depressed condition of agriculture
In the United States was laid at the
door of the Federal reserve board
and bankers this afternoon by Wes-
ley Mitchell, New York economist, adj
dressing the National Agricultural
Conference.
Wild postwar speculation In Sc
curities, commodities and In farm
lands is brought back to the farmer
the Nation as foolish piece Of ex-
uberance," Mitchell declared.
WASHINGTON, Jan 24.-Insurgenfs in
the agriculture conference L,st the first
sl1irmish today when their efforts to have
committee on resolutions appointed
failed. Through such committee this
group hoped to have It's program adopted
by tho conference,
WASHINGTON, Jan. PA vol
cano is rumbling under the placid
surface of President Hardings agri-
cultural conference. It threatens to
erupt with devastating political effect
if the conference fails to produce a
program Of agricultural
relief.
A powerful progressive group Is
threatening insurgeny in the conference
unless the assembly goes On record en-
phatically in favor Of what it believes Is
the only program that viii aid the
farmer The program follows:
1. Financial relief even If the Gov
rrnmeut extend credits Eotalfu~
billion dollars or more.
2. Twenty-Five per cent reduction
In freight rates.
s. Insurance Of the farmers against
loss.
1. Cooperative marketing and buy
ing.
This. in substance, was the program
drafted ar an executive meeting of the
National Farmers Union. In attendance
at this session were Charles s. Marrett,
Union City, Ca, president Of the or
ganization; c. J. Osborn Of the Farmers
Union of Nebraska, Milo Reno, Farm
ers' Union Of Iowa; A u. Davis, Farm
ers' Union OF Arkansas, and ". c. Lans-
down. Farmers Union CT Kansas.
Support Of this program, It is UNDER
stood, has been pledged by the National
G.eaDers- Federation, the Pennsylvania
State Grange, thu National Nonpartisan
League, the Montana Society Of Equity,
the Farmers National Council. and other
agricultural organizations classed as
State Senator II. F. Baker,
Michigan. president Of the Farmers Ma
tional Council. IS planning q speech
against any attempt to adopt what the
progressiyes term "a purely negative pO-
Iitical program"
Much bitterness Is manifest among the
at the composition OF the
various committees Of the conference.
They charge the committees appointed by
a committee selected by Secretary Wal
lace Is loaded with reactionary dele
gates This, however, viii not balk tha
who plan to bring in NIL
nOrity reports on every question that does
not meet their approval.
One delegate, financial power in New
York and prominent during the last two
years Of the Wilson Administration, plans
TO take q leading part in the battle on
the side of the progressive element.
Three addresses were made at the morn
ming session. Eugene Meyer, Jr., head Of
the War Finance Corporation, talked on
The Financial Emergency in Agricui-
ture," G. f. Warren, Ithaca, y. Y, dis
cussed the European situation as it re-
lated TO American agriculture and Wes~
ley Mitchell, New York City, THE Finan-
cial Policy in its Relation TO Price
Levels"