The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-07-27
FARM board plans
SUPERCOOPERAT|VE
Throughout WORLD
Proposed Marketing Agency
Would Direct Activities Of
Selling Nations Crops
INVITE SMALLER GROUPS
Much Time 10 Necessary to De-
veIop Machinery to Garry
Out Plan, Legge Says

Chicago, July 27.-(R-A so, ,000. 600
worldwide cooperative marketing
corporation is the prescription Of the
newly formed federal farm board for
the financial Ills Of grain farming
and selling.
Although members Of the board
and representatives Of approximately
50 cooperative marketing associations
declared last night after their meet
ing that no agreement had been
reached. 1t was understood that much
progress had been made toward
founding the mammoth cooperative
and that details might be expected
soon.
Yesterdays was the first big meet
ing Of the board outside Of Washing
ton, and was to consider the grain
marketing problem. All eight men,
bers attended, although Arthur M.
Hyde. secretary Of agriculture and ex-
officio member. could not be present.
The ninth member has not been ap-
pointed. He will represent wheat
growers.
Would BE Intermediary
The proposed new cooperative. as
envtsioned by the farm leaders. would
act as an intermediary between the
farm board and the smaller CO.
operatives. which would be invited to
join the larger organization. An in
ternational chain Of offices for the
collection and correlation Of impor-
tan. data would be established
throllQhollt the world
The official statement issued by
the board at the close Of the meeting
declared:
THE board has proposed to repre-
sentatives OF the farmer owned grain
associations and pools that, as a part
Of the longtime program for the
development Uf agriculture all Of
them should join In the creation OF
sales corporation with an ultimate
paid-up capital of not less than $20.-
O00. 900. which shall operate for all
grain cooperatives in all markets of
the United States and foreign coun-
tries for the collective selling Of such
portions of the grain crop as are now
or may hereafter be marketed CO.
operatively at country points.
Eligible for Loans
The board has proposed that the
new corporation shall be SO organized
as to be eligible for loans under the
agricultural marketing act, and 1t has
further proposed that the new cor
poration shall be an intermediary be-
tween the board and all grain-grower
cooperattves In financial transactions" !"
The statement explained that 1.-The
plan Is so large and details Of its de-
velopment SO many that great deal
Of time will be necessary before such
corporation could in any event be
placed In active operation"
Carl Williams Of Oklahoma City,
who was authorized by Chairman Al
exander H. Legge to be official spokeS-
man for the board. explained at q
press conference after the meeting
that the plan is to centralize and
strengthen, as far as possible, all farm
cooperativcs In the country.
The 420. 900 900 capital Of the pro-
posed upercooperative, he said, would
be obtained by assessment on or
gani1ations joining the movement.
Assessments, he declared, would be
levied on the basis Of membership.
1T Is not the idea Of the board" "
Mr.. williams explained, that we shall
deny loans to those who are not men,
bers Of the corporation. Nor are we
going to insist upon membership in
this cooperative. II the groups want
to come In. all right"
More details Of the plan were ex-
pected to be worked out at today's
meeting.