Evening star., 1933-10-20

Truax proposed prices of dollar
bushel for wheat, cents a pound for
hogs and 10 cents for cattle.
Definite Ideas in Mind.
"The President is confident of the
situation working out" he said, and
think he has some very definite ideas
in his mind in the way of prompt ac-
ton"
He said he did not know just what
was in the presidential mind
The Ohio Democrat severely con-
demned the administration of the agri-
culture adjustment act and asserted
that Secretary Wallace and his pro-
fessors are doing no good"
The told the President "the old
Hoover Republicans were administer
ing the farm relief program in his State
and trying to discredit the act and
get the President in a hole"
He complained of the administration
OF the farm refinancing program and
said the appraisers ARE insulting the
farmers by appraising property at one
third of its value
Mr.. Roosevelt conferred at length
with Mr.. TruaX in addition to other
callers
A presidential press conference was
scheduled for late afternoon, with in
dications that something important
would be forthcoming.
Peek Issues Statement.
Taking special notice of the Central
Northwest movement, George ". Peek,
farm administrator. in a statement eX-
pressed sympathy with farmers but as
serted that fundamental adjustments in
agriculture are essential before extern
sive relief to farmers will be possible.
Meanwhile, other officials authorized
statement that special credit extern
sion plans for wheat and corn are be-
ing studied by the newly created Com
modify Credit Corporation.
The corporations first assignment is
the extension of loans of and 10
cents a pound on cotton held by farm
ers who agree to join the administra-
tion's production control program for
next year.
It was said the credit plans for both
wheat and corn are still in a semi
nebulous" state.
"All these people are trying to do is
to save their homes" Peek said.
II, too would fight to hold my home.
'We have been warning the East for
II years that things like this would
happen unless the incomes of farmers
were increased.
Various Plans Pressed.
I'VE have been fighting to raise farm
prices and also to hold down supply
so as to support higher prices and bring
permanent recovery rather than merely
invite new surpluses and new disaster.
Every experiment ever made to boost
prices without reference to continued
surpluses has ended in greater depres-
sion for agriculture.
1.-THE loss of our foreign markets for
wheat and pork, with resulting low
prices. are unpleasant facts, but never
theless they are facts which we must
have courage to face.
I'VE are moving with varying plans
as rapidly as it is humanity possible.
But it should be recalled that the de-
preston did not come overnight. 1t
was years in developing.
Complete and substantial recovery
cannot be brought about by the waving
of magic wand
It was reported that the wheat loan
plan under consideration contemplates
advancing farmers a sum on grain
equal to parity" prices for the grain
less the amount of the present process
ing tax of 80 cents bushel.
officials Keeping Watch.
The present parity" price is about
s1.04. Meanwhile, consideration is also
being given to a proposal for increasing
the processing tax.
N r. A. officials, meanwhile, kept
close but silent watch on developments
in the farm States, with no indications
of definite steps to deal with the situ-
alton.
Assistants to Hugh S. johnson tele-
graphed to urge Keith Neville, who re-
signed as State N. r. A. chairman for
Nebraska, to reconsider and See whether
it was not possible to adjust the situ-
ations which caused him 70 decIare
himself out of sympathy with appli-
cation of the NJ r. A. n his State.
Some of the officials believed 1t would
be extremely difficult to take any step
that would meet the farm complaint
that N. r. A. was lifting the prices of
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