Imperial Valley press., 1929-11-25

ENL|STS
FARMERS
Asks Agricultural Lead
ers To Cooperate In
Stimulating Business.
LAST OF MEETINGS
President Feels Great
Good Accomplished By
conferences.
BY RAYMOND CLAPPER
UNITED Prses Staff Correspond euf-

Omitted Prses Staff Correspondent.
WASHINGTON, Nov. 25. W.H6
Agriculture was called upon by
President Hoover today to offer its
, aid in stimulating business this win
| ter.
That the President should summon
] even this economic invalid to do
its bit, limited as that might be, tes-
titles to the sweeping nature Of the
mobilization which Washington has
undertaken to dispute any foolish
pessimism" resulting from the stock
market depression.
Every major economic group in
the country has been summoned by
Mr.. Hoover-general industry, con-
struction, utilities, railroads, labor,
and, now, agriculture.
Industry has promised to keep
wages up. Labor has promised not
to fight for more money. Railroads
expect to spend billion dollars
next year. Utilities may spend two
billion dollars. Continued expan-
sion Of the electric power industry
was forecast in the annual report
Of the federal power commission to-
day
In addition Mr.. Hoover has called
on all state governors to muster
state, county and municipal develop
ment projects. He has started ac-
tion toward a $16O,OO0,000 tax cut.
The federal building program is to
be expanded.
! The shipping industry is to be
given IL to 20 million dollars in
ocean mail contracts.
The federal reserve system is ex-
erting steady pressure to force down
interest rates so as to enable bust.
ness to hire money more cheaply.
Agriculture, though struggling
With its own problems, is in a posi-
tion to contribute no small mite to
the nations general buying sche-
dule. Agriculture buys nearly
half billion dollars worth of farm
implements year. Some IL mil-
Ion people on farms must have
clothes, household goods, automo-
biles, and the other thousands OF
articles necessary to every home.
Construction Planned
! In addition there is the possible
ity of some elevator and agricul.
ture warehouse construction during
the next few months. Department
CT agriculture economists have sur
veyed the elevator situation. They
concluded no extensive enlargement
of terminal elevator space is need.
cd despite the shortage which de.
veloped in the last harvest due to
unique conditions and probably cost
the farmers an average loss of 10
cents a bushel. Nevertheless the
federal farm board is not so sure
might not be wise. Certainly coun-
try elevators and warehouses can be
profitably built in some localities,
it is felt.
President Hoover called in heads
of leading farm organizations and
members of the farm board today to
canvass this whole situation. His
! especial hope is that farm heads
will go back to the country and
urge that the farmers continue busi-
| ness as usual. He feels that the gi'
gantic marketing plans of the farm
board which have served to support
wheat and cotton prices and which
have enabled farmers, through loans,
TO hold their crops instead of dump
ing them on the market at sacrifice
prices to get cash, warrant every
farm house looking to the future :
with confidence and continuing its
normal purchases.
This is the last of the Presidents
scheduled conferences although he
will meet with utilities heads at
| i,ndo 10 nod dnfn