The Washington times., 1930-09-30
BANKERS SAY
|. FARMER MUST
AID HIMSELF

CLEVELAND, Sept. 80. The
real solution Of the farmers prob.
lens lies with the individual
farmer himself, declares q report
Of the orderly farm marketing
committee Of the State bank di-
vision, American Bankers AsSoci-
alton, presented ct the division
at the convention here.
''If he raises ali wheat, or all
corn, or all cotton" says the
committee, Of which Clyde Hen
dirk, president, Tennessee Val
ley Bank, Decatur, Ala, is chair.
man, land depends on . profit
able sale at harvest to enable
him to buy his living necessi.
ties, he IL not doing safe farm
ing, and no stabiIization board
can save him. Nor can it be
solved by an arbitrary rule Of
acreage reduction in any prod.
uct. But, II the farmer will
make his own living, raising ON
his own farm the amount OF
food and feed required, and
then put his surplus land in
the production of his cash
crOpS-wheat, corn or cotton,
as the case may be, the mat
ter win be virtually settled.
For, IL the price il low, the
product can be held by the pro
ducer through his association
and, IL needed, an advance can
be obtained ut low interest
rates, for q better market.
Furthermore, by this plan Of
farming, the surpluses win be
automatically reduced to . rea-
sOnable production which can be
more readily absorbed in regular
markets"
The committee expressed itself
as in favor of every reasonable
aid and announcement for agri-
culture by the Governmental
agencies now set UP for that pur-
pose but went again on record as
against any subsidy. for farm
products. The committee also said
it believed much good can be a.
complished by and for the far
mers through cooperation among
themselves, not only in market
ing but in production as well.
Credit Links Bankers
Speaking on the subject, The
Credit Bureau-A Safety factor"
before the State Bank Division
meeting at the American Bankers
Association convention here this
morning, C.. F. Schwenker, Com
missioner of Banking for WiScon-
sin, declared that no effort on the
part Of individual banks has ever
so fully succeeded in co-ordinat-
ing them as has this movement.
He said that the closer relation
ships between bankers has been
brought was not confined to the
exchange Of credit information
alone. It has had its effect on
service charges. he said, on the
Standard rdization of rates of inter-
est and Of bank practices and il
will be one of the means for the
ultimate development of the reg
ional clearing house.
Philanthropic activities are not
the real business of a bank but
Of the individual citizen and
Stockholder, declared Dan v,
Stephens, Fremont, Nebraska, in
his presidential address before
the State Bank Division at the
American Bankers Association
convention here this morning. He
spoke on "A Survey Of State
Bank Activities" He said that
long ago banks had assumed
community leadership carrying
on every sort of community uplift
at a great expense to the profits
of the banks.
The organization Of regional
clearing houses and their effective
functioning throughout the United
States would do more to relieve
the present banking situation than
any other measure, James c.
Bolton, president Of Alexandra
Bank and Trust Company, Alex
andria, La, declared in an ad'
dress before the meeting Of the
State bank division at the
American Bankers Association
here this morning. He spoke on
'"The Practical Value Of Clearing
~