The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1923-11-23
Fifty Gents
Per Busllel
Duty Urged
Lower Freight Rates, Public
Ownership of Railroads and
Changes in Credit Bank.
Farmers Union Asks.
Favor Shoals for Ford

Recommendations that freight rates
be reduced that the tariff on wheat
should be placed at 80 cents a bushel
and that the federal government take
the necessary steps to stabilize the
prices on cotton and wheat. were
among those adopted by the delegates
to the national convention Of the
Farmers Educational and Co-opera-
tive union of America, at its closing
session here yesterday.
separation of the intermediate cred :
it bank from the Federal Farm Loan
system and Federal Reserve banks is
asked. Besides repeal of the Esch-
cummins law. public ownership of
the railways "as cooperative enter
prises." is proposed.
Each motion was discussed and de-
hated. The debate on the advisable
ity Of asking individual entity for the
intermediate credit banb occupied the
best part OF two hours Another res
olution calls for stricter control Of
immigration
The report of the committee on leg
islation follows:
Control OF financial resources is
necessary TO secure the success of CO.
operative marketing whether conduct
ed on the Rochedale or Commodity
plan. We urge that the existing in
termediate credit banks be divorced
both from the Federal Farm Loan
system and from the Federal Reserve
banks. The federal agency for the
supply Of funs for farming operations
and for advance to members growers
of the co operating association should
be separate financial institution
maintained for the service Of agricui-
ture only and should be organized with
the privilege of issuing legal tender
notes against warehouse receipts and
other commercial paper eyidencing
the ownership OF staple farm com
modities. We ask congress 10 enact
the necessary legislation and instruct
our representatives at Washington to
use all legitimate means to secure
this belief
As long as the farmers must paw
high prices fer necessities as q result
Of the duties for the protection Of
American manufacturers IL j. right 10
insist ON an equal rate OF tariff on the
importation of farm products. There
fore we favor an increase i'm the wheat
tariff TO 50 cents bushel but demand
that the drawback clause in the wheat
schedule which permits our mills TO
import. manufacture and re-export
great quantities of Canadian wheat in
direct competition with American pro-
ducers he repealed.
The valuation Of American railways
for the purpose of ascertaining The
Investment basis for freight and pas-
senger rates has been 50 far conpiet-
ed that il Is obvious that a huge sum
in excess Of original cost TO date VIII
be written into the final results. We
demand that congress take steps %
prevent the imposition Of this unjust
burden on the producers Of this coun-
try. We also demand the repeal or
the very substantial amendment Of
the Esch -Cummins act. the prompt en-
foreement Of the recapture provisions
Of that law. an ia reasonable redue-
ton IN freight rates on far mproducts.
We believe however, that temporary
relief only can he secured even hy
The most drastic railway legislation
and federal regulation as long as the
transportation agencies of this coun-
try are operated for private profit. We
therefore renew our declaration for
the principle Of public ownership and
operation with properly worked cut
provisions Of ultimately converting
our entire transportation system into
one nationwide. unified. cooperative
We urge that congress through
appropriate legislation and adequate
appropriations approve and provide
for deep waterways by the Missis-
sippi and ~. Lawrence rivers.
The constantly growing volume q
tax exempt securities imposes an un-
Just burden on the owners Of tangl.
BILE property. We therefore urge the
prompt submission of an amendment
for the correction of this injustice. In
this connection re renew our objection
Ia the proposed sales tax and again
demsiad the restoration Of the excess
profits tax and the retention Of the
higher surtsxes on incomes. We also
urge abe enactment Of graduated in.
heritance and gift tax law that would
take all OF an estate in excess g
81 .oo0. 600.
Cheaper nitrates are essential 10
agricultural prosperity in time II
peace and 10 the public security and
national safety in time OF war. Re-
lieving that such desirable result
can he So obtained We urge congress
to accept Immediately the Ford pro-
pesal for the completion and operation
ef tho Muscle shoals power project.
I'm Its report the committee on
resolutions msde'the following rec.
concentrations.
We view with alarm the present
condition Of agriculture and those
engaged in all its branches and desire
10 call the attention of an citizens
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