The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1923-11-09
FARM AID ENJOYS
REPORT TO CHIEF
Recent Tour of Wheat
States Is Covered
PLANSARE OFFERED
Cooperative Marketing and
Ready Adjustment Acreage
To Conditions
ASSOCIATED Press DispatchI


. Washington. d. c., November s.
Cooperative marketing and ready
adjustment of acreage to conditions
of world production were recon-
mended as promising the only per-
manent solution of the wheat prob
lem in a report submitted to Presi-
dent Coolidge by the war finance
corporation investigators, who re-
Gently toured the wheat areas at his
request.
Urging the necessity of maintain
ing "a thoroughly rational attitude"
in dealing with the problem, the re-
port, submitted by Directors Eu-
gene Meyer, Jr., and Frank w. Mon
dell published today, discussed
numerous other proposals presented
during the study, but which they
found generally either unsound or to
offer no permanent solution.
Proposals Are Discussed.
The proposals advanced in the
port already have been discussed by
the two officials with Mr.. Coolidge,
and may form the basis of an ad-
ministration policy on the question.
cooperative marketing associa-
tions, organized along sound lines
and with competent management
and. business guidance" the report
said, "offer at the present time, in
our opinion, more promise OF helpful
results than any other plan of pro-
gram that has been suggested. They
can do what the Spectator cannot,
with safety, be relied upon to do.
Then can, by orderly marketing reg
(late the flow Of wheat so that sup
Ms &c n1S I'm m
to cosnumptive demand.
with the changed conditions in
Europe, with the European dealers
and millers carrying only a small
percentage of their normal pre-war
stocks, and with the Spectator un-
able or unwilling to carry wheat in
sufficient volume, the producer must
organize to carry 1t himself"
Causes of Depression.
Added to this conclusion was the
other that there must be adjust
ment Of production to American
needs if the world market is over
supplied"
Chief among the causes of de-
preston among the wheat farmers
were found to be the local tax bur-
den, the scarcity and high cost of
labor and existing freight rates on
IL. q
first, it was recommended that tax
exempt securities be abolished and
the higher brackets of the federal
income surtaxes, which were held to
encourage investors to place money
in such securities, be reduced. The
tax exempt securities, the report
said, had encouraged states, coun-
ties and municipalities to make
"extravagant" expenditures.
Views of Reed On Report.
Minneapolis, November 5-The
Mondell Meyer report recommending
cooperative marketing as the chief
solution to stabilize agricultural
conditions in the wheat growing
states is economically sound, but is
of no use to the farmers in their
present emergency, according TO
James F. Reed, president of the
Minnesota Farm Bureau Federation.
Criticism was launched at the re-
port on the grounds that 1t says
nothing about what should be done
now to relieve farmers and that CO.
operative marketing of wheat could
not be undertaken without at least
a years organization work.
"Their recommendations.to Presi-
dent Coolidge are all right" said
Mr.. Reed, "but Mr.. Mondell and Mr..
Meyer have not done anything for
its relief. What the farmers want
right now and what they need, is
some aid in an emergency that is
now confronting them.
"This report says nothing what
soever about what should be done
at this time. Undoubtedly coopera-
tive marketing of the wheat crop
would be a great help but that is
something that could not be worked
out without considerable organiza-