Evening star., 1936-01-21
NEW YORK BANK STOCKS
new tracts in the public domain which
under prevailing condition are mel
ther needed nor economic in charac-

new tracts in the public domain which
under prevailing condition are mel
ther needed nor economic in charac-
ter must be ended. not encouraged.
Second: The removal Of all attempt
at artificial. bureaucratic regulation
relating to crop limitation, and a re-
turn to the policy of Federal assist
ance in the development Of CO.
operative production and marketing
organizations. Only through
strengthening Of self-government
among the farmers themselves, can
proper solution be found which is
within the framework Of the Consti-
tuition and which conforms with the
evolution OF our American institu-
tions.
Third: Fulfillment of present out
standing A. A. A. contracts by the
Federal Government. These we're en-
tered into in good faith by the farmer.
He should not be asked to suffer loss
by reason Of this illegality. We must
not repeat the gold clause mistake of
seeking to dishonor those obligations
to which the Government mas pledged
its word.
Fourth: The stabilization Of pres
ent agricultural production through
Federal policies aimed at (a) retire.
ment OF marginal lands from cultiva-
ton and the substitution of an inteli-
gent land use program. and (b) stimu-
lation of crop diversification which
will bring about better balanced pro-
duction. Only thus can the grave
social problems Of under-consumption
and under-nour;shment be met. These
are now assuming serious proportions
through the United States. In such
program should be establishment Of
forestry and game reserves and re-
breeding of fur-bearing animals. To-
day the United States imports more
than $4,000. 900 worth of furs each
year. 1t was once a great American
industry and can be made so again
Restora ton Of Markets.
Fifth: A broad program to restore
farm export markets. BY application
Of the principle of utilizing national
purchasing power abroad, and by
stimulating the exchange of goods
along lines successfully used by Great
Britain in her Ottawa trade agree
ments our international trade can be
rebuilt. To meet world price di1eren-
tials on farm exports, ALLEGATION Of a
proportion Of the customs revenues
can, if necessary, be utilized. The
place to equalize world and domestic
prices is at the customs barrier. not,
as under the processing tax system,
equalization directly out of the pockets
of the American consumer.
Sixth: A stabilized currency and
fixed tariff policy, definite in rates and
protective Of the American standard
OF living. Reciprocity agreements.
such as the Canadian and Cuban
trade treaties, which result in the
lowering Of tariff barriers on farm i'm
ports, should be Immediately repealed.
A program of scarcity for American
grown products, while encouraging
imports of foreign livestock and grains
is a manifest injustice to the Amer
lCdu ldINQeI. OPou tAlcSC P1AltsPlco,
it is possible, believe. to rebuild
American agriculture into state of
prosperity which viii be permanent
and lasting. Its accomplishment will
not rely upon either political miracles
or upon that "super-intelligence"
which is now supposed to be the New
Deals priceless contribution to Amer
ican life.