The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1923-11-05
on
Wheat Goes
to Coolidge
Meyer and Mondell Propose
Reduced Production of
Bread Grain and Co.
Operative Marketing.


llon ana marketing fnalnodS must be
revised If there is TO be an adequate
solution of the wheat problem, in the
opinion of the war finance corpora.
ton Investigators who recently toured
the wheat-growing areas at the re.
quest of President Coolidge.
In 5000 word report to the presi.
dent, made public tonight, the two
corporation directors said that not
only should there be an improved
should be taken to adjust American
production in times of world over
production.
Already the directors, Eugene
Meyer, jr., and Frank w. Mondell.
have talked over their findings with
Mr.. Coolidge and 1t has been indi-
Gated that after further conferences
with private interests concerned, the
proposals advanced in the report may
form the basis of a definite admihis-
tration policy of relief.
Whether legislation will be ready
for presentation at the opening Of the
next congress however. remains un.
determined.
Seek Lasting Solution.
The report warned against too
much sympathy and emotion In work.
ing out the problem and urged MAIN
tenance of "a thoroughly rational at
titude" in efforts to alleviate dis.
tress. II added that countless means
Of attaining the end long sought were
laid before the two officials in vari-
Gus conferences but most OF them
were rejected as cures likely to prove
more damaging than the disease.
What is feeVired. said the report, is
sound economic solution that will
be permanent.
I'VE feel as result of our trip"
the report continued, that the solu-
ton OF the wheat problem lies along
two lines: First the adjustment OF
production TO American needs II the
world market is over-suppiied from
other producing countries at lower
prices than are satisfactory to. the
American producer under prevailing
conditions, and. second. the develop
ment Of an improved marketing sys-
tenn such as we believe can be
brought about by the organization
of the producers OF the country for
the purpose of marketing their wheat
under the cooperative marketing
plan, making 1t unnecessary to rely
so completely upon the uncertain
functioning of the speculative public
contract market.
Seen rs More Hopeful.
1T is relatively easy to detect the
proposals OF those who seek to exploit
agricultural distress for their own
political purposes. But II is far more
difficult to deal with the proposals Of
sincere and honestminded people who
seek TO solve problems by short cuts
which are unsound and which there
fore, are bound to be ineffective"
The two officials said their study OF
agricultural conditions gave them a
moro hopeful feeling regarding the
future of the Industry than many OF
thoss< interested in certain lines Of
production are inclined TO believe"
Their report also declared that the
higher brackets OF the federal income
surfaces should be reduced and the
privilege OF issuing tax-exenpt securi-
ties abolished.
Among the plans for solving the
wheat problem given the two officials.
these were set out in the report as the
more important:
An increase In the wheat tariff.
Government price fixing. accom-.
panied by the necessary control Of
the wheat trade.
Government purchase Of the So
called surplus with the view Of ex.
porting II to foreign countries.
Distribution OF S5s.000.000 which
IL was stated was n profit made by
the grain corporation during Its ex-
istence.
Modification Of the present I'm
migration laws so rs 20 provide for
the seIective admission Of q larger
supply Of labor.
Organization and development of
cooperative whea marketing as
sociations.
The report discussed various pro
posals at length. but went into more
detail with respect 10 cooperative
marketing. II declared IN conclusion
thpt even where sentiment exists for
tho purchase OF the surplus or for
price fixing there was general admis-
sion that n plan contemplating order.
ly marketing is an essential and
fundamental factor" In arriving at n
solution. In the view OF the two on
eials Il provides the only method by
which the producer can avoid TO any
extent reliance upon the speculator
whom the report described as tho
key man" In the industry at present.