Page Eight 



THE I. A. A. RECORD 



Republican Farm Plank 



(Continued from page 5) 

 foreign competition, made possible by low 

 wage scales abroad, threatened to deprive 

 our farmers of their domestic markets. 

 Under this act the president has increased 

 duties on wheat, flour, mill feed and dairy 

 products. Numerous other farm products 

 are now being investigated by the tariff 

 commission. 



We promise every assistance in the re- 

 organization of the marketing system on 

 sounder and more economical lines and, 

 where diversification is needed, government 

 financial assistance during the period of 

 transition. 



Federal Farm Board Promised 



The Republican party pledges itself to 

 the enactment of legislation creating a 

 federal farm board clothed with the neces- 

 sary powers to promote the establishment 

 of a farm marketing system of farmer- 

 owned and controlled stabilization, corpora- 

 tions or associations to prevent and con- 

 trol surpluses through orderly distribution. 



We favor adequate tariff protection to 

 such of our agricultural products as are 

 affected by foreign competition. 



We favor, without putting the govern- 

 ment into business, the establishment of a 

 federal system of organization for co- 

 operative and orderly marketing of farm 

 products. 



The vigorous efforts of this administra- 

 tion toward broadening our exports market 

 will be continued. 



The Republican party pledges itself to 

 the development and enactment of meas- 

 ures which will place the agricultural in- 

 terests of America on a basis of economic 

 equality with other industry to insure its 

 prosperity and success. I 



Democratic Farm Plank 



(Continued from page 6) 



cultural surpluses, in order that the price 

 of the surplus may not determine the price 

 of the whole crop. Labor has benefited 

 by collective bargaining and some indus- 

 tries by tariff. Agriculture must be as 

 effectively aided. 



Pledges Adequate Laws 



The Democratic party, in its 1924 plat- 

 form, pledged its support to such legisla- 

 tion. It now reaffirms that stand and 

 pledges the united efforts of the legislative 

 and executive branches of government, as 

 far as may be controlled by the party, to 

 the immediate enactment of such legisla- 

 tion, and to such other steps as are neces- 

 sary to place and maintain the purchasing 

 power of farm products and the complete 

 economic equality of agriculture. • 



The Democratic party has always stood 

 against special privilege and for common 

 equality under the law. It is a funda- 

 mental principle of the party that such 

 tariffs as are levied must not discriminate 

 against any industry, class or section. 

 Therefore, we pledge that in its tariff 

 policy the Democratic party will insist 

 upon equality of treatment between agri- 

 culture and other industries. 



Farm relief must rest on the basis of an 

 economic equality of agriculture wjth other 

 industries. To give this equality a remedy 

 must be found which will include among 

 other things: 



(A) Credit aid by loans to co-operatives 

 on at least as favorable a basis as the 

 government aid to the merchant marine. 



(B) Creation of a federal farm board 

 to assist the farmer and stock raiser in 

 the marketing of their products as the 

 federal reserve board has done for the 

 banker and business man. 



Lowden Withdraws 

 Frank O. Lowden's signed statement 

 read to the Republican Convention by 

 Hon. Otis F. Glenn. 



HAVE stated 



I 



publicly that I 

 did not want the 

 nomination unless 

 the Republican par- 

 ty was prepared to 

 meet fully and fair- 

 ly the agriculture 

 y ^^r^^^^ problem. 

 jj '"Wl^ ^^^^ "I have waited 

 ^^^k 1 j^^^^ upon no particular 

 ^^^m ^ y^^^H remedy but I have 

 ^^^■^■^^^^H stated times 



miBBK^HI^^I if there was a bet- 

 Frank O. Lowden ter method than 

 the so-called equal- 

 ization fee, I would gladly accept it. 

 I have urged, however, that it is the 

 duty of the Republican party to find 

 some way to rescue agriculture from 

 the ruins that threaten it. 



"This in my judgment the convention 

 by its platform just adopted has failed 

 to do. 



"I therefore authorize the withdrawal 



of my name from before the convention. 



"Though I cease to be a candidate 



my interest in the cause is in no way 



abated." 



Passed Federal Reserve Act 



When our archaic banking and currency 

 system was revised after its record of 

 disaster and panic under Republican ad- 

 ministrations, it was a Democratic congress 

 in the administration of a Democratic 

 president that accomplished its stabiliza- 

 tion through the federal reserve act creat- 

 ing the federal reserve board, with powers 

 adequate to its purpose. Now in the hour 

 of agriculture's need the Democratic party 

 pledges the establishment of a new agri- 

 cultural policy fitted to present conditions, 

 under the direction of a farm board vested 

 with all the powers necessary to accom- 

 plish for agriculture what the federal re- 

 serve board has been able to accomplish 

 for finance. In full recognition of the 

 fact that the banks of the country, through 

 voluntary co-operation, were never able to 

 stabilize the financial system of the coun- 

 try until government powers were invoked 

 to help them. 



(C) Reduction through proper govern- 

 ment agencies of the spread between what 

 the farmer and stock raiser gets and what 

 the ultimate consumer pays with con- 

 sequent benefits to both. 



(D) Consideration of the condition of 

 agriculture in the formulation of govern- 

 ment financial and tax measures. 



Will Aid Co-ops 



We pledge the party to foster and 

 develop co-operative marketing associations 

 through appropriate government aid. 



We recognize that experience has dem- 

 onstrated that members of such associa- 

 tions alone cannot successfully assume the 

 full responsibility for a program that 

 benefits all producers alike. We pledge the 

 party to an earnest endeavor to solve this 

 problem of the distribution of the cost of 

 dealing with crop surpluses over the 

 marketed units of the crop whose producers 

 are benefited by such assistance. The 

 solution of this problem would avoid gov- 

 ernment subsidy to which the Democratic 

 party has always been opposed. The solu- 

 tion of this problem will be a prime and 

 immediate concern of a Democratic ad- 

 ministration. 



We direct attention to the fact that 

 it was a Democratic congress, in the 

 administration of a Democratic president, 

 which established the federal loan system 

 and laid the foundation for the entire rural 

 credits structure, which has aided agri- 

 culture to sustain in part the shock of the 

 policies of two Republican administrations, 

 and we promise thoroughgoing administra- 

 tion of our rural credits laws, so that the 

 farmers in all sections may secure the 

 maximum benefits intended under these 

 acts. 



Water Transportation 



(Continued from page 7) 

 The average rate for a 1,050 mile 

 haul is 49 cents from Mid-Western 

 points to Galveston and New Orleans, 

 as against a Canadian rate of 18.34 

 cents for 1300 miles. 



Here are a couple of more export 



rail rates on wheat which are illuminating : 

 Kansas City to New York, 1287 miles, 



$.40 per cwt. 



Port Arthur, Canada, to Quebec, 1372 miles, 



$.1834 per cwt. 



They Favor Agriculture 



Some people will tell you that these very 

 favorable Canadian rates are secured for the 

 grain growers by subsidies to rail lines, or 

 by Government ownership, and that huge 

 deficits are made up by Canadian tax payers. 

 The Canadian Pacific Railroad is a party to 

 all these rates, and it must be doing quite 

 well because it is not under government man- 

 agement or subsidy and its stock is selling 

 today on the New York market for 203. This 

 is an advance of 25 points over its price one 

 year ago. The fact is that Canada and the 

 Canadian Pacific Railroad are favoring agri- 

 culture with helpful rates so as to build up 

 and develop agricultural wealth and resources. 

 They are finding this a profitable undertaking 

 as will we of these United States as we begin 

 to realize the benefit and help of our low 

 waterway rates on the products of the farm, 

 and the purchases of the farmer. 



Include Many Tributaries 

 Our inland waterways of the Mississippi 

 Valley include the Mississippi River from the 

 Gulf of Mexico to Minneapolis and St. Paul, 

 the Illinois River to Lake Michigan, and the 

 Hennepin Canal, which connects the Illinois 

 with the Mississippi at Rock Island, Moline, 

 and Davenport: the Missouri River from its 

 mouth near St. Louis to Yankton, South Da- 

 kota, and even beyond there to Fort Benton, 

 Montana ; the Ohio from its confluence with 

 the Mississippi at Cairo to its sources in the 

 Allegheny and Cumberland mountains: the 

 Tennessee, the Cumberland, the Red, the 

 Arkansas, and many other tributaries reach- 

 ing into the very heart of twenty-three of 

 the most productive states of the Union. 

 These great water routes, "nature's own 

 streets," must be developed and used in co- 

 ordination with the railroad lines serving this 

 vast territory so that the products and pur- 

 chases of the people who live here and do 

 business here may enjoy the most economical 

 and expeditious transportation services that 

 it is possible to develop. Thus, we will be 

 taking a long step toward putting agriculture 

 in the United States on an even basis so far 

 as transportation facilities and costs are con- 

 cerned, with the competing areas of Canada, 

 Europe, Australia, and South America. 



Need Home Industries {' . | ' .' ^ 



It haa been said that "Waterways build up 



industry in the midst of agriculture." This 



is very true, and thus is created vast home 



markets for the products of the farm. We 



(Continued on page 10),. ■ 



-.1 





