Evening star., 1925-09-30
SEES NEW
MARKET me- ETHODS
Says Farmers Will Sell All
Products Direct Through
Own Organization.
6y m. Ass> >"is,ed Pres.

SV The Assr"Is,eh Press.
ATLANTIC CITY. \. J.. Sep,-mber
30.E'ra ank q. T.owden torme, Gov
ernor of Illinois. in an address pre-
pared for the annual convention of the
American Bankers ssocis stion Today.
ssid that he could foresee rbs daN
when everything produced for sale
upon the farm would he marketed by
rhe farmers themselves. through an
orsa niZation Of their own creation.
In urging orgs niza ton for farmers
Nh. I.ouden explained tina, h. did not
mean that th-y should Operate their
farms through corporate management
but should work together for The solu
tion Of the problems concerning the
marketing Of their products and m.
restoration of The proper relationship
between the prices rhey receive for
heir products q nd the prices they pay
for orhsr commodities.
R.serv. I.su. TO To-day.
The chief business ahead OF rhe con
Ventlon TO-DAY Was the report of the
resolutions committee. which was ax.
pecteo 70 favor perpetustion OF The
teoeral reserve system. Oscar Wells
or Birmingham. Ala, vas elected 70
succeed William F.. Knox Of New
forh. the retiring president
Formulation Of uniform code Of
criminal procedure for adoption by the
various States 9 nd the consideration OF
me NlSlla NJ movement in States nov
suffering from want OF strict law en-.
roIcemenl MAS recommended lats veg.
teroaY in report Of the protective
committee. which direc,ed the inVestf-
rtrn
rated against nsrber banks during
1.o22 cases the yeai befo,e decrease
nf So PEI cent. Losses of renbe,
ha nks through burglary and hold IN
robberies totaled &1005 .1os an in
crease ~ hui per cent over n. tota'
loss OF The wear before hut non
nember losses iunpsd ts5ss12 q,
% pc, cent
Greater Protection Needed.
The committee pointed GU, as q
dlscomhtfns fsci that rwo-thirde ot
ma nks in eight States which have
one+third Of the total number ot
ba nks-Iliinois. Okla homa. kanss g
Missouri, California, Michigan, Texas
ano India ma. The orsa nization OF
vigila MS is now under way in al
these States except Missouri an6
Texas. the committee said.
Contrsry 10 general belief. the lare
est a nd most imports mt charita BILE en-
. do1ment gifts are given by people
while living. Frank D. Loomis. secre
tsry Of the Chica 90 Community Trust
told conference on community trusrs
study Of gifts Of this cha racter ir
Chicago in The last 80 years. he ssi id
showed that sll bur $40, 900 of The
81 900 900 in The community trust funt
sons.
Brsnc Bs mixing Scored.
W. ]. Bailey. governor OF the Fed
eral Reserve Bank Of Kansas City
in an address TO members of This
section vigorously opposed the ex
tension OF the bra nch hs hiking move
menr.
He said the a os ndonment Of the
individual banking system in tbs
United States would be detrimenl
10 the country and declared that the
Canadian system Of branch ba nkers
wa superior 10 ours.
IF this branch be nking system OF
which they talk Is such wonderful
system. he said let MS measure II
by the commercisl failures in 1929
They had something like 3,40o in ca n
ada with 5000 900 popuis ton. In the
( United States We had $4,000. Ra sec
on the population, we ought 10 hav,
/ had 30 900 failures on rhs, kind Of {
hs sis
Thomss G. McCleila nd OF Birmine
ham Ala. was appointed chairma 7
, Of temporary orsa niZation Of attor
news of State bank associations.
Alexander Dunbar WAS elected presi
dent of the Clearing House Section oi
rhe Association to succeed G. W. Al
lendorfer OF Kansas City.