Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-09
GRAIN CONFERENCE.
AWAITS ROOSEVELT
Morgenthau Partey Adiourns,
, Expecting New Presiden-
tiaI Proclamation.
N the Associated Press.

~ the Associated Press
The conference on grain exchanges
called by Henry Morgenthau, jr., Farm
Board chairman, recessed this morning
until later in the day, explaining that
q presidential proclamation was ex-
pected with which the conferees de-
sired to acquaint themselves before
proceeding.
The conference has sought to work
out q plan to reopen the exchanges.
sought by millers and by Peter B.
Carey. president Of the Chicago Board
Of Trade, who also Is representing the
Minneapolis and Kansas City Elk
changes.
Meanwhile, eight farm organizations
urged President Roosevelt to recon-
mend action by Congress to guarantee
in full all bank deposits in national
banks and other banks which may
place themselves under Federal super
vision.
Urge Money Reforms.
They also urged program "of
monetary reform to definitely raise
price levels. increase employment. pro-
tect property values. and to preserve
equities and bank assets.
Congressional action to suspend
domestic payments in gold specie and
to provide an embargo on gold exporta .
ton until, in the opinion of the Chie1
Executive, the ban can be lifted also
was suggested.
The group opposed the issuance Of
clearing house scrip, asserting tne
power that controls the lever to innate
and debate should be In the hands OF
the Government rather than IN the
hands of private interests
Organisations submitting the letter
included the National Grange, the Ma
tional Cooperative Milk Producers
Federation Of Covington, KY. the
National Live stock Marketing Associa-
ton. Decatur, Hi. American Cotton
Co-operative Association, Raleigh. N. C.;
National Wool Marketing Corporation
Boston; the Dairymen's League Co
operative Association. Susquehanna. "a
the Poultry Producers Of Central Cali
fornia. San Francisco, and the PACING
Cooperative Poultry Producers. Port
land, Greg.
New Farm Plan Asked.
As the inst session Of Congress under
the Roosevelt administration got unoef
vav. it was indicated that it, ike the
special session called by President
Hoover four years ago, would be asked
to pass on q new plan to help the
farmer.
The prime purpose of the session
though, Is emergency financial legisla-
ton. so Secretary Of Agriculture Wallace
and other trainers OF the proposed farm
relief program will not seek action until
that is out Of the way.
As Wallace and the new Assistant
Secretary OF Agriculture, DR.. Rexford
Tugwe1l. sought unified support OF farm
organization representatives. there were
indications the present Congress Will
receive for its consideration . program
considerably different from the farm
board$stsbflizatton relief measure en-
acted sbF the Republicans and nov
headed for the discard.
Is outlined ny Secretary Wallace the
new maaaalrs combines elements o. Inc
domestic allotment plan With = scheme
eleSinG farm lands TO retire them
from surpfuB prodiction OF wheat, cos-
tor. corn and possibly tobacco. later On
1855 Wallace,s sim to have the pro-
possl jenaetaf dnte law by March rs. II
possible. SGH may become effective
Tor fiis crop year. He said he regards
fam economic conditions such Is to
justify legislation on an emergency
Many anxisisof ths new plan remain
to be determined. Wallace VIII con-
fer with farm leaders tomorrow