The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-04-03

this measure appeared to be the clear
mandate Of the country.
A strong federal board. he said. was |
necessary, With authority to loan |
money to sterilization agencies to |
take up seasonal surpluses and feed
them on the market slowly to main |
tain q more constant price level.
The secretary was questioned close
" by Senator Norris, Republican.
Nebraska. as to what he would sug-
gcst to take the place Of the equal
ization fee as q means OF defraying
possible losses In the handling Of crop
SURPRISES. Mr.. Hyde replied that the
federal board should be created with
sufficient authority to work out al
Of the multitude Of problems involved
in the farmers troubles.
I'VE must meet our expenses"
Hyde said. 'sThis hoard must blaze
the trail. It is the only way We have
left"
Needs Broad Powers
Secretary Hyde contendcd that the
board should have broad powers be.
cause Of the great number Of prob.
lens by which 1t would be faced.
Our tarm cooperatives." he said,
"arc in need OF capital with which to
acquire further facilities and to ex-
pand their activities. The agricul-
tural industry Is In need Of finance
in supplement to the established fl
nancial institutions by which they
will be enabled to hold their commod-
tiles until they themselves can place
in the market and not be forced TO
sell Immediately upon completion OF
production.
Capital is needed with which to
purchase a portion Of the occasional
surplus of seasonal surplus and assure
its orderly distributions over longer
periods.
THE progress of many commodities
from the producer to the consumer
is most disorderly and wasteful: and
especially in peristables, the terminal
markets are flooded in one week and
starved In the next. The result Il
undue fluctuation in the price anc
waste Of the commodity itself.
Raps Terminal Markets
IAN enormous amount Of unneccs'
sary transportation takes place in thu
cross hauling of commodities II
search of immediate markets. Thu
price is almost doubled after tn
arrival of these commodities in ter
minal markets because Of inadequate
and wasteful terminal distribution.
There is entirely an inadeQuat
grading and stand .dizing Of certain
commodities, with the result OF un
certainty In prices.
There Is an inadequate develop
ment OF processing for disposal Q
occasional SURPRISES of many com
modities into by-products. gu
warehouse acts need amendment !
I order to facilitate more perfect actio
in the establishment of credit. w
\ have need for some agency to pa
upon the Inauguration of furthe
irrigation and reclamation projects $
as to prevent increased productlo
until such production Is required Il
national purposes"
Coops Will Aid Board
when We come to the question
agencies that the farm board Shou
) rely upon in the solution OF the
: questions, we have at hand the larl
}! growth and the great experience
= our cooperative marketing associ'
J, tionS.
q such organizations have pioneer'
. the way under great difficulties, ha
!. educated a large group of farmers
q the problems of marketing, develop
sense and stability in organizati'
q and management. We should take
Is action which would tend to Suppla
n them or undermine their growth.
!. ut would seem to me desirat
= that the board, armed with resourt
and authority, could best work Q
'e these problems by receiving propos'
u. from the various farmers marketi
Is associations.
- Advocates Corporations
- "These proposals in many instanc
~ ~ particularly in handling stabilizati
- questions, or handling Of faciliti
~ can we'll take the form OF corpl
ations created by these associate
~ and owned and managed by tn
~ and aided with capital from
~ board, under such restrictions as
w board should be authorized to apr
~ OF these restrictions it would Sc
20 to me desirable to insist that no op
:" atoms should be supported WI
would stimulate increased product
VI because by adding to q surplus
- would defeat all relief.
"All Of which argues, to my mi
that II we are to create an inst
mentality to which distressed e
culture can take its problems. =
fundamentally must be clothed "
- broad and general authority"
81 Secretary Hyde, questioned
members Of the committee as to !
possible losses in handling surplt
tie, should be cared for. replied that
mt, details Of this problem were for G
Int when the machine took Oft.