The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-15
New Group Holds First
Meeting With Hoover
at White House.
TASKS ARE OUTLINED
President Warns Program
Can Not Be Magic Wand
to Cure Ills.
BY LAWRENCE SULLIVAN
Lnited Pres SLan CORE pondcnt

WASHINGTON, July Is. - The
gigantic task Of farm relief passed
INTO the HANDS Of the federal farm
board today.
After spending an hour with Presi-
dent Herbert Hoover at the White
House the board retired To tempo
rary quarters i'm a downtown hotel
70 begin its first meeting.
Chairman Alexander Legge said
he could give no indication of what
the board would take up first. but
said he planned 10 have its members
get 10 work Immediately.
In delivering his formal charge to
the neW board. President Hoover
said one of the principle purposes
of the federal machinery would be
10 more clearly adjust production
o consumption ana to create perna-
nent. farmer-owned business insti-
tutions for marketing agriculture
products.
He warned tine farmer that such
4 program could not be accom-
plished b. a magic wand or an
overnight action
Wide Authority Given
The text Of the Presidents farm
board statement follows:
7 have no extended statement 70
make 10 the federal farm board as
70 it's duties. The vide authority
and splendid resources placed at
vour disposal are well known.
L am deeply impressed with the
responsibilities which lie before you.
Your fundamental purpose must pe
TO determine the fact and find solu-
ton Of q. multitude of agricultural
problems, among them TO more
nearly adjust production to need;
70 create permanent business inStl-
tDtions for marketing which, owned
md controlled by the farmers shall
be so widely devised ad soundly
founded and we'll managed that
they. by effecting economies and
oiving such stability, will grow IN
Strength over the years to come.
Through these efforts ve may
establish TO the farmer an equal
opportunity in our economic system
NTH other industry.
"I know there is not thinking
farmer who does not realize that
all this can not be accomplished
bv a magic wand or an overnight
action. Real institutions are not
built that way.
If ve are to success It will be
by strengthening the foundations
and the initiative which we already
have in farm organizations and
building steadily upon them with
the constant thought that We are
building not for the present only
but for the next year and the next
decade.
Leaders Form Board
In selecting this board I have
sought for suggestion for the many
scores Of farmers co-operativeS and
other organizations and yours we're
among tie names most universally
commended: you thus are in a
sense. the representatives OF or
zanized agriculture itself.
L congratulate each you upon
the distinction of your colleagues
and upon appointment. I invest you
with responsibility, authority and
resources such as have never before
been conferred by our government
in assistance TO any industry"
The board is to administer the
national agricultural program au-
thorized by the 100000, 900 farm bill
signed by the President a month ago
today. o.,
A fund OF sl5l. 500. 900 is available
for immediate operations OF the
board
Additional increments Of the
S5O0,0OO0O revolving fund author
lied by the farm bill may be made
available by congress, at the recon-
mendation of the President, as
needed.
The present pressing problem of
e wheat glut at gulf ports is ex-
pected TO receive the immediate at
tention Of the board. Movement of
the current cotton crop will be its
second ms jor undertaking.
One Still to Be Named
The emergency marketing power
OF the board will be carried out
through existing cooperative aSso-
Citations. which may secure credits
through q gigantic stabilization cor
poration whenever an emergency is
declared Tor any commodity.
Owing 70 difficulty in finding a
man 10 represent the wheat produc-
ing and marketing interest, Presi-
dent Hoover had designated only
seven Of the eight members of the
board in time for today's meeting
Secretary Of Agriculture Arthur
Hyde Will be an exofncio member of
the board. Those thus far selected
are:
Chairman. Alexander Legse. Chi
cago.
vice-chairmsn. James c. Stone,
Lexington. KY.
Charles c. league, Santa Paula,
Cal
William F. schuling, Northfield.
Afinn.
Csxl Williams. Oklahoma City.
q 3. Denman. Pennington. Mo.
Charles S. Wilson. Hall, N. Y.