The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
Wallace, Peek, Myers and
Wilson Spread New Deal
Ballyhoo Thick as Jam
PEEK Is BRAzEN
Myers Claims Foreclosures
Practically Stopped"
in Countryside
BY ERIK BERT
editor of the newly amalgamated
Farmers Weekly

|
CHICAGO, ILL.,, Dec. A.
Four leaders of the New Deal
agricultural program Wallace,
Peek, Myers and Wilson came
from Washington on Dec. II
to put the program before the
annual meeting of the Amer
lean Farm Bureau Fedora
ton.
George Peek, until recently Ad-
mimstrator of the A. A. A. and
now in charge of pushing farm ex-
ports, came forth as the most
, brazen of the lot in describing the
present situation. He admitted
that "our present farm situation is
E still long way from satisfactory"
= but tried to prove that compared
with the situation a year ago, cit
makes the spot where we are now
seem almost comfortable"
5 The holding of the Farmers Sec
IS ond National Conference and the
Call to Action issued by it a
= month before Peek spoke bellies his
statement one hundred per cent.
Fully as false was the state
ment of w. l. Meyers. Governor of
the Farm Credit Administration.
n 81 am glad to be able to say that
d farm foreclosures have practically
been stopped in the United States"
= declared this New Dealer in COM
~ menting on the work of the Farm
D Credit Administration.
u This sentence from Meyers
II speech was not included in the
copies handed out to the press.
"a Myers wanted to convince the
Farm Bureau audience that il
was true but knew that If he
put it in his written speech, it
might be printed and would bring
angry replies from the farm
ers showing that he is a liar.
Peek continued that eve have
been putting money into overall
pockets on, the farm and in thu
q factory. We already have evi
dence that where this is done, thI
money moves, restoring broken cir
cults of business everywhere. w
are getting a thoroughing reorga
nization Of both production and
distribution. :"
AN Farmers See Lie
Even the Farm Bureau leaders
could not put out such stuff be
The cause they realized that the farm
va ers knew from their own bitter
Gu experience that it is not true.
s"' One of the many claims to &C
ere claim by the Farm Bureau leader
ell IS that they helped formulate tn
in corn-hog program. In the resolr
ton on the Agricultural Adjust
ment Act" they were forced I
Iazi state. however, that particular
ath in the field of perishable farm
Oh commodities are we being forced
- to witness the absorption b.
producers Of the amount OF
my processing taxes levied"
ibbe
es- In other words, the $3.50, 0O0,0(
$50" in processing taxes which Il
on farmers were supposed to get Vi
der the corn-hog program turn
out to be a $35O,0O0,OOO TAX o
rial THE FARMERS. Monev is n
wo~ going "into overall pockets on Il
-, farms" as Peek stated. but on
shce OF FARMERS POCKETS INT
low nun pOCKETc M THE MEA
IN TRUST.
Myers went into great length
tell how many millions of dolla
's had been used for refinancin
tne neglecting to add that if the pre-
Top- ent rate of refinancing is continu
ac- it will take only TEN YEARS c
by MORE. to refinance the mortga
debts of the American farmers.
From Myers entire speech
aleu- was hard to see whether it is {
po- farmers that are supposed to
BY helped or the mortgage holde
tn and investors.
arge "The Farm Credit Administ1
con- ton Is not lending Governme
COM money" he declared. "The Do
IONS pose Of the Farm Credit Admit
stration Is to set up machine
that will make it possible for in
\ > vidual farmers to reach the
vestment market through orga
zation. ard to obtain needed fur
ce OF needed for farm finance on a bu
iany.l Continued on Page Two)