The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-12-15
PROVEMENT
REPORTED ON
FARMS
U. S. Chamber of Commerce
Committee Calls on President
Coolidge Regarding Farms

The interest Of American bust
ness in the recovery Of agricul-
ture has been put before President
Coolidge by special committee Of
the Chamber Of Commerce of the
United States. Members Of the
committee who went to the White
House were Richard F. Grant,
president Of the chamber; Julius
H. Barnes, formerly president, and
Lewis f.. Pierson, chairman of the
chambers executive committee.
Business men the country over"
said the members of the commit.
tee, after seeing the President,
fare keenly aware of the economic
necessity for prosperous, agricul-
tural conditions and they are graft.
fled that the opportunity was given
for improvement to come about in
normal way. At the time the
agricultural situation was at its
worst the chamber took the posi-
ton that no spectacular program
could be made effective and that
unwise laws would have the eff
feet of creating a worse situation.
1t was held then and it Is still
true that there is no more a ready
legislative cure for agricultural de-
pressions than for depressions IN
business.
Expects Full Recovery.
"The chamber believes that forces
which have influenced the improve
ment in agricultural conditions will
continue to have their effect until
full recovery is assured.
"The new spirit of confidence in
industry, the widening circle of full
employment, the nealthfully ad-
vanced level Of commodities all con-
firm material strengthening Of
home markets with the promise to
agriculture which rnat carries for
the future. .s
"The successive steps through
Dawes plan have restored financial
and commercial stability in Europe
and have made a clear reflection OF
European buying power into Amer
sican farm. markets this year in
these intervening months. The ad-:
nairation has achieved this major
improvement
Tine improving financial stability
of the world has automatically been
TSId6CI6Qe lIllO LILO ~ bnA.eSO ~ 49,.
preeiated currency toward the gold
parity, which viii automatically re-
lieve our farmers of the unfair COM
petition of deprecated currency
countries. Here again the policies
of the administration have distinct
ly eliminated this competitive dis
ability of our growers.
"This fall an unprecedented
amount of grain marketing has been
met by sustained and even by ad-
vancing grain prices, absorbing
marketing beyond the possible cur
rent consumption and export. be-
cause Of Investment and speculative
buying readily effective through
exchange trading. No over-state-
ment is possible of the service to
the American farm this fan OF the
great grain exchanges. ,
There are other things which will
have their influence in this move
ment toward better farm conditions
"The plans of the Administration
toward furthering the st. Lawrence
project win help.
Credit Corporation Help.
1.-THE Agricultural Credit Cor
poration already has DISCHARGED a
great service III the dHSdS " us-
tress. Further progress in diversi-
fication can be made under suitable
service by the Department Of Agri-
culture and the various agricultural
colleges and local agencies.
''The Administration has played
great part in tax relief. The cham
Der hopes that it will particularly
consider the advisability of some
form of contact with the governors
of each State that they may facili-
tate legislative and administrative
atcion-State. county and munich.
pality-toward the utmost economy,
particularly of taxes which rest on