Evening Star Newspaper, July 21, 1929, Page 17

.~ FARM BOARD SURE 10 ACT CAREFULLY Observer Says Experience Has Made Relief Experts ¥ Conservative. BY WILLIAM HARD. By Consolidatea Press “Te Pederal Farm Board is going to very slow toward erecting the “sta- lizing corporations” or ‘clearing house assoclations” which are the chief nov- elties contained in the present new farm relief law. The board is center rather upon the solid development and enlargement of the direct financing of agricultural co-operative marketing a sociations already in some degree un- dertaken by our existing Federal inter- mediate credit banks under the sup vision of our long-established Federal Farm Loan Board. That is a reasonable deduction from the public statements of the new board and also and more particularly from the known records and tendencies of many of its members. The board is not characterized on the whole by any strong disposition toward strange ad- ventures, On the contrary, of all the boards and commissions now on th2 pay Toll of the Federal Government. i is probably the one that is filled most thoroughly with experienced hard- headed business men. A Dirt Farmer Board. “These business men on this board are #lmost all of them dirt farmers. Actually operating actual farms: but they are algo almost all of them large- | size business men accustomed to large | cale financial operations and inclined | accordingly much more toward the nearby experiment of capturing birds in | the bush than toward the more distant | experiment of rearing castles in the air. ‘Willlam F. Schilling, for instanc ‘ member of the board from Minnesota | and from the dairy industry, can qual- | ifs true dairy farmer, all right, but | he is also a director of a great corpo- | ration which is composed of 465 cream- | ery establishments and which last year | higher prices and thus t without the help of any Federal tabilization corporations whatsoever, | Another member of the board, C. C. Teague of California, has been for 30 | years or =0 the executive manager of | an agricultural enterprise which eulti- | vates some 2.000 acres of oranges and lemons and walnuts and which is ac- cordingly both dirt farming and big business. Mr. Teague sells ail the products of his enormous farms or ranches through the California Fruit Growers' Exchenge and the California Walnut Growers' Association, of both of | which co-operative institutions he has been the unsalarfed president. M Teague has made farming pay and he i< at the same time a devout and ardent agricultural “co-operator” for his own benefit and for the benefit of his less fortunate fellow promoters. Both Are Conservatives. Men like Teague and Schilling. who are grounded In the principles of agri- cultural co-operation as actually prac- ticed and who have known both the succecsss and the disasters of the agri- cultural co-operative movement, heve shown considerable skepticism toward the ‘stabilizaticn corporations” and “elearing house associations” which the authors of the present new farm relief inserted_outstandingly into their legis- lative efforts. Mr. Schilling took part last Spring in a meeting of the National Co-oper- ative Milk Producers’ Federation, which jssued a manifesto strongly criticizing the Pederal “stabilization corporation™ idea. This manifesto alleged that “sta- | bilization corporations, as _proposed both in the Senate farm relief bill and in the House of Representative farm relief bill, might readily go insolvent when engaged in trying to purchase and hold the full tofal of an ‘export- able surplus’ of any farm commodity,” and it concluded: “Because of the grave dangers to co- operative marketing associations in- volved in both of these bills, we hereby | clearly and emphatically and com- pletely disassociate ourselves from all of the provisions of these bills that re- quire co-operative marketing associa- tlons to own, eontrol and manage sta- bilization corporations, and we voice our hope that no co-operative associa- tion will engage in an experiment in- volving so great a risk.” Ne Necessity Yet. This attitude toward “stabilization eorporations” is in fact widespread among agricultural co-operators in many branches of the agricultural in- dustry. The new law, in its genuinely novel and adventurous passages, based on the theory that agricultural co-operative marketing associations will spring forward to organize “stabiliza tion corporations” and ‘“clearing hou associations” under the new board’s | supervision. No such springing in any | large way is yet visible. Only very | scattered instances of it can be ob- | served. The general mass of the agri- cultural co-operative movement, when not hostile to the ideas in question, seems quiescent toward them. The new board, meanwhile, is composed | almost, entirely of co-operators who out of long experience are accurate re- flectors of general co-operative senti- | ment. With -that sentiment what it | is, there is large safety in the proph- esy that it will be quite a while before any very large proportion of the new | board's revolving fund of $500.000.000 will be advanced to “stabilization cor- porations” for establishing Nation- wide “corners” in “surpluses.” ‘The same prophesy may securely be made regarding “clearing house asso- ciations,” which, under the bill, are to be called into existence by co-operative | marketing associations in joint com- | rny with private speculative dealeis n agricultural products, Discouraging | testimony on that idea was delivered several months ago to the committee | on agriculture of the House of Repre- | sentatives by Teague. He said th: he had lived all through it in pra tice in California. He maintained that no “clearing house association™ of ¢ operators and speculative dealers to- | gether had ever been successful or ever ‘would be. TYE SUNDAY STAR, WASHINGTON, D. €., JULY 2I.A 1929—-PART 1. Y. M. C. A NAMES NINE COMMITTEES Huston Thompson, President of Association, Asks Meet- ings Be Held Soon. Goes to Annapolis Personnel of nine standing commit- | tees of the Young Men’s Christian As- sociation was announced last night by sociation. | In a letter to the chairman of each committee, Mr. Thompson suggested that committee meetings be called in the near future for the pur] of work- ing out programs and policies for the ensuing organization year. The committees folioy Camp Letts—Col. P. M. Anderson, a | chairman; W. M. Guthrie and L. A. SHUFFLE, JR, jisaoag. i ~3 Educational—George A. Lewis, chair- | | Son d Mrs. Edwin Shuffle of A i [ 3600 “Albenario sireet, & raduate of|mAD: A 'W. Defenderfer, Wayne ‘B | Kendrick, George W. Offut, Charles E. Central High School, who has entered JTeRSURE, SO Wi ey Wrattler, | the Naval Academy under an appoint-| " py T8 D9 & Il Mo natrman | ment from Representative Frank L.|n. p. Canby, M. Cheseldine. Dr. A. C. | Bowman of West Virgl Christie, Dr. C. B. Conklin, Henry Gilli i 5 ———!gan, J. B, Payne and Channing 8. Walker. POTTER PALMER JOINS “Pormitory—John W. Hardell, chair- | man; H. Lawrence Choate, Harry 1. Gil- 1‘ NEW BANK IN FLOR|DA‘,un C. T. Gingsbury and Guy W. Lane. | Service—Dr. E. M. Ellison. chairman: = 7. D. Blackistone, Wilson Compton, W. |Chicagoan Becomes Director in|M. Guthrie. W, H Hill, Fred Nettleship | ant . L. Rust, jr. | sarasota Institution—Capital Membership—Dr. E. M. Ellison, chair- man; J. Hicks Baldwin, 7. D. Black- | Stock Is $100,000. istone, K. C. Buker, J. W. Burch R. Charsh ter B By the Associated Press. Huston Thompson, president of the as- | and Francis SARASOTA, Fla, July 20—The Palmer National Bank & Trust Co., & new financial nstitution, opened for business here today. The capital stock is $100,000 and surplus $100,000. Principal stockholders of the new bank are Honore and Potter Palmer of Chicago, the latter being a member of the board of directors. The new institution is oeccupying temporarily the banking rooms of the former American National Bank. The president is John B. Cleveland, former banker of Kewanee, Il.. but for the | last three years. manager of the | Tampa offices of the Palmer | Corporation. the most talked-of INSTRUMENT mn menrica 4 ROYAL RADIO and Specialty Co. 1741 Conn. Ave. Pot. 3040 “Radio As It Should Be” Ready for The climax of Vietor’s 30 years of musical experience. Tunes at a touch. Absolute fidelity of tone. Vol- ume from wi to fall No distortion. Exquisite cabinets. Also in combination with mew Electrola. Terms. Ye afford il Cox, T. J. Pral.lcs. E. C. Graves, Alton G. Grinnell, 8. D. Henson, Jol W. Hardell, Capt. C. O. Howard, Charles Krafth, Guy W. Lane, Hairy O Lay: uy W. Lane, Harry G. Lay- cock, H. Latane Lewis, J. A. McLaugh- lin, L. J. Meyerle, W. E. Mooney, O. B. Morrisette, lward E. Moss, Fred M. Nettleship, Lawrence M. Proctor, George W. Quick, A. J. Schippert, L. E. Skeen, Clyde Talbert, Harry Tennyson, A. L. . C. ler, E. M. Wi gnfi. H R llis and ance—Clarence A. Aspinwall, chairman; A. H. wson, illiam Montgomery, John Poole, H. L. Rust, jr., Dr. George Otis Smith, Huston Thomp- son and H. A. Thrift. Boys' work—Coleman Jennings, chair- man; L. M. Betts, Oswald L. Bluege, Melville B. Grosvenor, J. W. Hardell, Charles Hart, J. 8. Hawley, R. E. Kline, Jr,, J. Clyde Marquis, Worth E. Shoults . Woodward. Religious work—Dr. A. C. Christie, M. Dr. Homer J. Frost, Alton A lter K. Handy, T. P. Hickman, H. A. Thrift, Col. W. O. Tufts and W. R. Schmucker greater than a year ago. ANCESTRAL HOME TOWN TO GIVE DAWES FREEDOM Family Records of Ambassador in Suffolk to Be Complete at October Date Chosen. By the Associated Press. SUDBURY, England, Jul 20— United States Ambassador Chyll'lefl G. Dawes has accepted the invitation of this Suffolk village to receive the free- | dom of the borough in recognition of | the fact that his ancestors, who mi- | 5;:3—13 n;:ol.m:::gdst:m about three 3 for 'I'trl;‘ln its bounflnr:en. e e ceremony will be performed earl: in October. An_ active :lrch for th: records of the Dawes family is being made, according to Frank Trinder, | gnor of the Suffolk and Essex Frec ess. 1t is believed it will be found that the | ancestors of the genera! actually lived in Newton, a small viliage within the borough, and were members of Trinity Congregational Church, one of the oldest free churches of England. from | came. WILLIAMSPORT PEOPLE DEDICATE THEIR AIRPORT .Every Branch of Aviation Included in Representation by Planes, Featuring Distance Event. By the Associated Pres WILLIAMSPORT. Pa., 'July 20— Deglication of the Willlamsport airport was carried out this afternoon in the presence of a large crowd. More than 75 planes were on the fleld. Every branch of aviation was represented, including fighting planes. sport models, commercial and transport planes and glides. The dedication address was made by Edward P. Warner, formerly Assistant Secretary of the Navy for aeronautics. F. W. Soul of Kansas Cily, M declared the winner of the Williamsport” event. miles to reach the airport. Maj. J. P. Wood of Wausau, Wis., was second with 713 miles, and Art Davis of Ishpeming, Mich., was third with 668 ic in Ireland is much | which many of the Pilgrim fathers| miles. The event was decided on dis- tance and not speed. MICRO-SYNH VICTOR RADIO | The Hecht Co. STANDARD ACCESSORIES, Inc. 5013 Georgia Ave. N.W.—2015-2027 K St. N.W. ALSO ALL CITIES SERVICE STATIONS Finer virgin rubber from our own plantations~— the largest and finest in the world! 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