Evening star., 1932-11-04

necessary money to carry on their serv-
ice.
Today over 1000, 900 of farm families
members of co-operatives, are receiving
benefits solely because Of conSummation
of this undertaking by the Republican
party. Nowhere can I find that the
Democratic candidate has agreed to
continue these activities of the Farm
Board
The Democratic candidate does de-
nounce the emergency purchase of farm
products during the panic. The files of
the Farm Board will show the insistent
Democratic and Republican Senators
and Congressman, Governors, bankers
and grain merchants for that emer-
gency action to be taken.
Better Land Use.
Some of the gentlemen who made
these demands are the loudeSt critics
of the Farm Board in this campaign. I
have stated that as valuable as the
operation was, l am convinced and l
believe the farmers are convinced that
its aftermath warrants the revision OF
the act to eliminate this.
The third subject on which I spoke
at Des Moines was the problem of bet
ter land use.
The Republican platform contains
plan which constitutes the first decla-
ration upon this subject. The Demo-
cratic candidate Is now for it, but in
recent letter from him to Mr.. Shearon,
freely circulated as campaign docu-
ment among the employed, he promises
to put every one of the 100000 un-
employed men to work for the Govern
ment-a thing impossible to do without
running every farmer in the United
States with taxes and other disabilities.
But he also enlmerateS the further
reclamation of land among the projects
OF which he proposes to avail himself
The inevitable consequences would be
to further expand agricultural produc-
ton in the United States. and thereby
further emDarraSs the American farm
erS with increasing SurpluSeS and de-
creasing prices.
waterways Issue.
The fourth subject / discussed at Des
MOineS was waterways, on which the
Democratic candidate has carefully re-
Trained from any but vague references.
The fifth point which l discussed was
the loans made to help farmers during
the drought and to rehaDilitate their
production where there were no credit
facilities I stated that I had seen to
it that they would not be unduly
pressed in the present situation for the
repayment Of these amounts. and l
can report that measures have been
set up which have received the approval
of these distressed people. The Demo-
cratic candidate has not expressed HIM
self on this question.
The sixth matter which ! discussed
was the question Of taxes upon land
property and the injustice OF the pro-
portionate burden which the farmer
Is bearing The Democratic candidate
has referred to this subject. He Of
fered no solution Of it except to use his
influence.
Proposes Conference.
stated at Des Moines that I proposed
to call a conference Of the tax officials
Immediately after the election and to
review the whole relation Of our taxes
between the Federal, State and local
governments. and to find a basis for
each that would give an opportunity
for the relief of the farmer.
The seventh point which I discussed
at DeS MoineS was the necessity Of
maintaining flow Of shortterm credit
to the farmer to enable him 10 make
short-t term loans for planting. harvest
inC and feeding Of live stock and other
production necessities.
l pointed out that much was being
accomplished indirectly through credit
expansion in various directions by the
Government agencies and I am now
able to report that the 10 new agrl-
cultural credit institutions which can
command over S300000000 of credit,
are actually i'll operation in all parts
of the country and the sound demand
rr fa,- 20
opponent has not expressed himself
upon this.
Discusses X. F. {.
The eighth subject which I discussed
was the authorization given to the Re
construction Corporation to make credit
available for the movement OF farm
commodities to the market in normal
fashion and to make credits available
for the sale Of farm products to coun-
tries abroad not otherwise able to pro-
duCe such commodities.
Since that date the farmers of the
Northwest States have asked for loan
with which to sell 15,000.O00 bushels
of wheat to China and I believe that,
despite technical difficulties which have
been raised before the Reconstruction
Corporation. We shall find solution and
secure relief to those farmers, with
consequent dIu 10 tHe NIO!e wheat SIl-
uation.
This is the practical application Of
what I stated at Des Moines as among
the powers We had established for the
Reconstruction Corporation. The Dem
ocratic candidate has not expressed
himself upon this policy.
The ninth subject 1 discussed was
the mortgage situation and the actions
which we have already taken i'll pro-
vision of additional capital to the Fed
eral Land Banks and the steps We have
taken to secure coordination OF pri
vate agencies to relay pressure upon
mortgages.
Feeral Loan Banks.
7 further stated that 1 would propose
to Congress at the next session q further
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