The Colorado statesman., 1924-06-21
AGRICULTURE

AGRICULTURE
"In dealing with agriculture the Re
publican party recognizes that we are
faced with a fundamental national
problem, and that the prosperity and
welfare of the nation as a whole Is
dependent on the prosperity and well
fare of our agricultural population.
"We recognize our agricultural ac-
tivities are still struggling with ad-
verse conditions that have brought
about distress. We pledge the party to
take whatever steps are necessary to
bring back a balanced condition be-
tween agriculture, industry and labor.
which was destroyed by the Demo
cratic party through an unfortunate
administration of legislation passed as
war time measures.
1--WE affirm that under the Repub-
llcan administration the problems OF
the farmer have received more serious
consideration than ever before both by
definite Executive action and by con-
gresslonal action not only in the field
of general legislation but also in the
enactment of laws to meet emergency
situations.
More Being Consumed Now.
'The restoration of general prosper
lty and the purchasing power of our
people through tariff protection has re-
suited in an increased domestic con-
sumption of food products while the
price of many agricultural commodi-
ties Is above the war price level by
ri
"Under the leadership of the Presi-
dent at the most critical time, cor
poration was organized by private cap
ital making available $10O,00O,OOO to
assist the farmers of the Northwest.
"In realization of the disturbance
in the agricultural export market, the
result of the financial depression In Eu-
rope, and appreciating that the export
field would be enormously improved
by economic rehabilitation and the re-
sulting increased consuming power,
sympathetic support and direction was
given to the work of the American rep
resentatives on the European repara-
tions commission.
"The revival in 1921 of the War
Finance corporation, with loans of over
S3O0,O00,O0O averted in 1921, com
plete collapse in the agricultural in
dustry.
Financial Help Provided.
I'VE have established new intermedi-
ate credit banks for agriculture, and
Increased the capital of the federal
farm loan system. Emergency loans
have been granted to drought-stricken
areas. We have enacted into 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.
eve have greatly strengthened our
foreign marketing service for the dis
posal of our agricultural products. The
crux of the problem from the stand
point of the farmer is the net profit
he receives after his outlay. The proc
ess of bringing the average prices of
what he buys and what he sells closer
together can be promptly expedited by
reduction in taxes, steady employment
in industry and stability in business.
One Cure for Depression.
rectly by lower freight rates, by bet
ter marketing through cooperative eff
forts, and mo'e scientific organiza-
ton of the physical human machinery
of distribution and by greater diver
sification of farm products.
1--WE promise every assistance in the
reorganization of the market system
on sounder and more economical lines.
and, where diverslfication is needed,
government assistance during the pc
rlod of transition.
"Vigorous efforts of this administra-
tlon toward broadening our exports
market will be continued. The Repub-
lican party pledges itself to the devel-
| opment and enactment of measures
which will place the agricultural inter
ests of America on basis of economic
| equality with other industry to assure
its prosperity and success. We favor
| adequate tariff protection to such of
our agricultural products as are threat
ened by competition. We favor, with
out putting the government into busl-
ness, the establishment of federal
system of organization for cooperative
| marketing of farm products.
1.-The mining industry has expert
enced period of depression as the re-
suit of the abnormal economic condi-
tions growing out of the war. This ad-
ministration has accomplished much In
Improving the conditions affecting this
great fundamental industry. and
pledges Itself to continue its efforts In
this direction