The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-06-12

ity and welfare of our agricultural
population.
eve recognize our agricultural ac-
tivities and still are struggling with
adverse conditions that have brought
about distress. We pledge the party
to take whatever steps are necessary
to bring back "A balanced condition
labor, which was destroyed by the
Democratic party through an I'M
fortunate administration of legisla-
ton passed as war time measures.
I'VE affirm that under the Repub-
lican administration the problems of
the farmer have received more SER
ious consideration than ever before
both by definite executive action and
by compression action not only in
; the field of general legislation but
also in the enactment of laws to
meet emergency situations.
1.-The restoration of general pros
perity and the purchasing power of
our people through tariff protection
has resulted in an increased domes-
tic consumption of food products
while the price of many agricultural
commodities are above the war price
! level by reason of direct tariff pro-
testion.
Under the leadership of the presi-
dent at the most critical time, a
corporation was organized by private
capital making available 100000 600
to assist the farmers Of the north
west.
"ln realization of the disturbance
in the agricultural export market,
the result of the financial depression
in Europe and approaching that the
export field would be enormously i'm
proved by economic rehabilitation
and the resulting increased consum-
ing power, a sympathetic support
and direction was given to the work
OF the American PREPARATIONS commits
sion.
The revival in 1921 Of the war
finance corporation, with loans of
over $300,000,000 averted in 1921 a
,, complete collapse in the agricultural
industry.
1--WE have established new inter-
mediate credit banks for agriculture,
and increased the capital of the fed
eral farm loan system. Emergency
loans have been granted to drought
stricken areas. We have enacted in
to law the cooperative marketing
act, the grain futures and packer
control acts; given to agriculture
direct representation on the federal
reserve board and on the federal aid
commission. We have greatly
strengthened our foreign marketing
service for the disposal of our agri-
cultural products. The crux of the
problem from the standpoint of the
| farmer is the net profit he receives
after his outlay. The process Of
bringing the average prices of what
he buys and what. he sells closer to-
gether can be promptly expedited by
reduction in taxes, steady employ
ment in industry and stability in
| business.
This process can be expedited d.
rectly by lower fre;ght rates, by bet
ter marketing through cooperative
! efforts, and a more scientific organi-
zation Of the. physical human ma
chinery OF distribution and by a
greater diversificat.on of farm prod
ucts..
| eve promise every assistance in
the reorganization of the market
system on sounder and more econ
omical lines and where diversified
| ton is needed government assistance
during the period cf transition. Wig
orous efforts of this administration
+; towards broadening our exports mar
ket will be continued. The Repub-
:.lican party pledges itself to the de-