New Britain herald., 1924-02-04

ties of action along the following lines" the president continued;
 "lf the government, acting through
 the department of agriculture is to | make its assistance effective in pro- noting diyersifcations of agriculture in the wheat sections, a large degree
 of cooperation from the local inter-
 csts. and specifically from the state
 and county farm and banking organi- i cations, must be secured. The con- ! Terence. acting through appropriate 1 committees, could well consider what l steps can, be taken by the farm and ! banking organizations or through the establishment of local committees to
 assist the department Of agriculture in adapting it's efforts to the local conditions and In making certain that
 assistance is given only where it is deserved and where it will be effee- tive.
 Ut has been pointed out that necessary condition Of government assistance along the lines contemplat- ed must be general refunding and
 extension of existing indebtedness so that the farmer will be given time to
 work out his future. Such a refund-
 ing and extension can be accomplished only by voluntary arrangement with
 tho creditors. and 1t will be arcom-
 plished on a general and effective scare only by concerted action by the interests involved. Those interests are
 represented at the conference, and ac- ton may well be taken, through ap-
 
 tive interests, to ascertain the best methods Of accomplishing the de- sired results.
 Further steps Suggest Themselves
 Doubtless further steps will sug- gcst themselves to this conference by which the interests represented can render material and effective assis- tance in the emergency, either inde- pcndently or in cooperation with one or another agency Of the federal gov cinmcnt.
 Tt has been pointed out that necessary condition of government as- 1 sistance along tho lines contemplated | must be d general refunding and ex- tension Of existing indebtedness, so ! that the farmer will be given time to | work out his future. Such a refund- 1 ing and extension can be accomplished | only by a voluntary arrangement with | the creditors, and it will be accom- plished on general and effective scale only by concerted action by the | Interests involved. Those interest are represented at the conference, and | action may well be taken. through ap- propriate committees Of the respective interests. 10 ascertain the best meth- ods of accomplishing the desired re- suits.
 Doubtless further steps will sug. sest themselves to this conference by which the interests represented can render material and effective assist ance in the emergency. either inde- or in cooperation with one or another agency of the federal gov- ernment.
 The difficulties Of agriculture and the difficulties Of the banking insti- -utions in the agricultural districts. Mise. to some extent al least from causes. But it must be rec 1gnized that all the banking difficult lies are by no means due to unfor- ( unate agricultural conditions. There ( s every indication that in the case of iome of the institutions which have ' 1een compelled to close their doors s turing inc past years. the difficulties [ nave been due essentially to poor a 'anking rather than to distressed ar- ' iculturs. c
 The proposals outlined herein are r emporary measures designed to sup- s 'ly prompt relief in sn emergency I ituation and assist in accompliships T hs adjustments which nuctuatfnE d economic conditions make ecessary. however. to indulge tfe ope that out Of this experience here may come for the benefit Of uture generations an improvement tn he management and policies of the nancial institutions which serye the ericultural interests. Just as the program is intended to stablish sounder basis for per1ns- cnt successful farming. so the con- iteration Of the financial aspects Of he present situation should lead 10 reat efforts to promote wiser. sound [ banking.
 Should Be Help
 These proposals arc made to meet srtain distressing situations in cer- in sections. They do not cover all ie needs. but I believe they will be D effective help. Agriculture and anking. like all other interests, are 1t the business of the government 1t the business of the people. Pri- ariIy they must assilne responsibil- ' for them. The government can -ip. should hefp. and u-jfI belp. but il