Evening star., 1932-11-04

AAA4 ~ ~ 2L Y
reorganization of the Federal Land
Banks to give them the resources and
the liberty OF action to expand in the
positively refinancing Of the farm
mortgage situation where it is neceS-
sary in order to give men who want a
chance to fight for their homes the
opportunity to do so.
Since then we have further CO.
ordinated private loaning agencies and
have thereby greatly relaxed the pres
sures from these agencies upon the
farmers The Democratic candidate, in
an indefinite way. has expressed vague
agreement to my proposal to further
expand the land banks, but he has
made proposals affecting private mort
cages which if he is to carry them be-
yond voluntary action already IN
course. he will require an amendment
to the Constitution, or adopt my pro-
posal of reOrganized land banks for
the icb
The tenth subject which I discussed
at Des Moines was the important ele-
ment of world stability in the recovery
and expansion of our agricultural
markets. I stated the necessity OF the
credit structure of foreign countries,
broken down by the present situation
which forced them off the gold stand
ard and compelled them to restrict their
imports of commodities; that we were
participating in building up the world
economic conference for the accom-
plishment of this purpose.
Working Toward Conference.
stated that I would send a rep
resentative of agriculture as member
Of the American delegation to the con-
ference. We have made steady progress
in the preparatory work for that con-
ference. which is to be held later IN
the wear. The Democratic candidate
has not expressed himself In support
Of this proposal.
The eleventh subject I discussed at
Dcs N1onSS was the use OF the war
Debts to Assist in the expansion OF
agriculture markets; 1 commented on
the proposal Of the Democratic Candl-
date to lower our tariffs in order that
bv-profItS gained from the Hood OF
goods into the United States, these
debts would be more easily paid by
the foreigner but the result would be
TO place the burden of these debts upon
our workers by putting them out OF
employment and on our farmers by
fCrCing their products to rot on their
farms There has been no withdrawal
of this proposal by the Democratic
candidate.
I stated that I was prepared to
recommend that any annual payment
Of foreign debts be used for the spe-
Cific purpose of securing expansion OF
American farm markets. which is the
reversal Of my opponents proposal.
Sees Market Increase.
The restoration of our proportion Of
European market before Russia and
ether countries began their diSplaCe-
mentS will alone increase the market
for our wheat BY 50,Oc0-Oo0 bushels
and vastly increase orr pork product
exports. This will be made real
action.
The twelfth subject I discussed at
DeS MoineS was the advancement OF
agricultural prices I stated that the
first measure Of relief was to hold firm
our protective tariffs on farm prod
uctS: that We Will maintain, The next
move in the battle for improved prices
was to stop general def1ation.
There are evidences in nearly every
direction that values are recovering.
The third step is TO expand the foreign
market The project l have proposed
will do that. The next step is to eX-
pand our domestic markets by restora-
ton Of employment. for % per cent OF
American farm products are sold in
America to American consumers.
Increasing Customers.
Every man taken from the ranks Of
the unemployed and put back to his
Job is. with his family. an increased
consumer. This increase takes place by
his ability to buy the more refined prod
uCts Of agriculture. such as animal
products. which in turn require larger
consumption Of grain.
And l can report to you on authority
of the different Government agencies
that since the adjournment of the Dem
ocratic House OF Representatives meas
ureS which We have instituted for re-
coverv of the country have resulted in a
million men being restored TO their Jobs.
1t will soon begin to reflect in your
market
I have the most earnest desire to re-
build agriculture The country fully
ealized that the purchasing power of
the farmer must be restored to gain
national prosperity.
Not Selling Patent Medicine.
I frankly stated at Des Moines that
I come to the farmers with no economic
pdtSNt lltUltlIt tSpCClalIE tOlIpOUl4Ctu
for them. refused 10 offer counterfeit
currency or false ideas. I shall con-
tinually search for further practical
measures.
The Democratic candidate has de-
veloped one OF the greatest mysteries Of
the whole campaign in his proposal for
relief to agriculture.
He has not been willing to state the
method by which ne proposes to secure
the advance of agricultural prices He
has stated with great care six methods
by which he can escape from any de-
mand that he make good on his mys-
teriOuS proposal.
And he could add two other doors of
escape not mentioned first. that it
should be constitutional; and. second.
that it should not violate the laws of
practically every country in the world