The Birmingham age-herald., 1923-10-07
PROPOSED ] BUREAU
 WOULD FIND MART FORSURPL GRAIN
Corporation Will Be Organ
 ized From Agencies AL ready At Hand
Ry THOMAS [. sTOKEs

tLeasSd Wire to Ihe AZ
 WASHINGTON, Oct. 6.--As a means of immediate relief for distress Tn the wheat belt, the government IS planning an export corporation to help the farmer find markets for his surplus grain and other products.
 The corporation will be organizeG from agencies already at hand and will not require Legislation from con gress. Therefore, 1t can be put into operation in the near future without an extra session.
 Eugene Meyer, Jr., managing direo- tor of the war finance corporation, has recommended the corporation plan to President Coolidge, and is now working out the details, 1t was announced at the White House. Either Meyer or former Represenea+ l :. tive Frank w. Mondell, member or the war finance corporation, will leave soon for the west to study the situation.
 The proposed export corporation has the backing of both the Amer ican Farm Bureau federation ana the National Grange, leading farm or aanizatfons, which are opposed to price fixing relief, such as wonld De effected through revival of the Unite1 States Grain corporation. susges.Su in some quarters. Leaders or tne grange saw Coolidge Mohaay' T,iaae Tnise Silver was closeted with him Iues- day before the cabinet meeting.
 How Plan Would Work.
 Just how the proposed corporation would work was explained py SliNei F after his call at the White House.
 .'The government will not have 10 create any new agencies, or set up any machinery" he said. EVery- = thing is already at hand, and .ne necessary steps have been authorlhe9 q G bv Congress, and it does away Wlln tbe obiectionable price fixing feature Of the United States Gram corpoi"
 "on the one hand. is the war IT. nance corporation; on the other the farmers co-operatives and the inter mediate credit banks. ...
 "At word from the President, the war finance corporation would aI range for credits to foreign coun- } tries where surplus grains and other products can be marketed, GerInAHS especially. That Is the first step ? trrhe farmer part Is very slmple' s 1Ia nlaces his wheat in the warehouse of his cooperative, securing loans oll ! through the intermediate creol. hanks, Then, the representatlVe Vi inc co-operative arranges TOT us sa,e in Europe, to be paid for out or creu- its provided abroad by the war II
 aTt is simple and workable. II does away with all dlllydallying about a special session of Congress ss apd abort the revival of the grain corporation or other artificial meas sn :, .s ures. Everything Is alseady at haiie'
 O O Q
 working On Similar Plan.
 Secretary Wallace Is now wofKlns on plan similar to this for preseho eile tation to the next Congress, with tne ne added feature of bureau atton mnln would study the export sltualio,i Il T6i4 SIi other plan can be put into et- CT, advice agI can be supplied. by the depart. ment of agriculture for all rreseh' r purposes. ,+,o, is ex-
 The Farm Bureau feoeratIon s,c,t1. lS nected to make a survey or asriou.r asLs,.r ip"roi condition in Europe in the near futf,re. fut which will aid the farmer III irattiSe Information as to markets