Page Eight 



THE I. A. A. RECORD 



i.'i 



Unity of Action Is 



Needed, Says Legge 



AS we enter the second year's opera- 

 tion of the Federal Farm Board wc 

 find one factor becoming more and 

 more apparent, and that is that the 

 fundamental step in the solution of the 

 agricultural problem is organization, 

 declared Alexander Legge, chairman of 

 the Federal Farm Board, in a recent 

 statement. 



"With farmers organized, the adjust- 

 ment of production and effective mar- 

 keting of agricul- 

 g^=^^^g[^=1 tural products would 

 ^^^^^^^^^1 be comparatively 

 ^^^ _^^B easy. Unity of ac- 



I ^J^^H tion needed 



■ ^^ K^^^H t^''<)ugh every stage 

 B| ,^K ^^^H from planning and 

 ^K <-'3j||B^| planting to market- 



^^ '^^^1 ^ difficulty 



^^H4 ^^^H comes getting 



^^^^^ ^^^^^ producers to co-op- 

 Alexander LesKF erate, chiefly because 

 there is still a great 

 difference of opinion as to just how to 

 organize fanners so that they may 

 properly deal with their problems in 

 handling particular crops in this and 

 that community. ... 



In Our Hands 



There is really no reason why 

 farmers should not go further than or- 

 ganizations of any privately operated 

 industry. That privilege is in the farm- 

 ers' own hands. Laws have been writ- 

 ten within recent years to free farmers 

 from the restrictions of anti-trust regu- 

 lations. In fact, under existing laws 

 the organization of farmers is permitted 

 to an extent that probably never could 

 be accorded to private agencies. There 

 is no limit to the quantity of farm 

 products that may be handled by 

 groups of farmers who grow the crops 

 and hold the full right to sell them. 



Better Bargaining Power 



"Great advantage comes to farmers 

 who use their privilege to mass to- 

 gether large units of products because 

 they have a better bargaining power 

 than when they come to >market by 

 the thousands, each selling his own crop 

 and competing with the other individ- 

 uals. The privilege of selling in large 

 quantities makes it possible for even an 

 untrained group of farmers to market 

 collectively to a better advantage than 

 is possible under the old system where 

 the private agency, with no control 

 over the flow of the commodity, takes 

 the product as it comes. . . . 



"In connection with the work of 

 aiding farmers under the provisions of 

 the Agricultural Marketing Act, I wish 

 it were possible to bring about the 



amalgamation, consolidation, or merger 

 of all the great national farm organiza- 

 tions. As you know, there ara several 

 of the so-called general farm organiza- 

 tions in this country which might some 

 day be brought under the same roof. 

 Imagine what power these organizations 

 could generate if their forces were all 

 mobilized into one unit and put to work 

 organizing farmers to improve condi- 

 tions for agriculture. ..." 



Review Income Tax 



' Legislation Elsewhere 



lo'wa Farm Bureau Compiles Infor- 

 mation for Members on New 

 Forms of Taxation 



Farmers Cut Oil Costs 



By Co-Operative Action 



THIRTY-FIVE associated farm sup- 

 ply companies, with a paid up capi- 

 tal stock of $606,305, are now in 

 operation, serving farm trade in some 

 sixty different counties, states L. R. 

 Marchant, manager of the Illinois Farm 

 Supply Co. 



The number of bulk storage stations 

 from which Service petroleum products 

 are distributed has been increased from 

 56 to 90 within the past six months, 

 and the truck salesmen from 140 to 

 200 or more. ■ ■ ' ; 



1250 Cars Gas 



One thousand two hundred and fifty 

 cars of gasoline and kerosene, 1 1 5 cars 

 of lubricating oil, and 100 tons of 

 grease (or 10,375,000 gallons of petro- 

 leum products) have been purchased 

 for the member companies during the 

 same period. This represents an in- 

 crease of 41/2% for gasoline, 57; 2% 

 for kerosene, 53% for lubricating oil, 

 and 122% for grease in comparison 

 with purchases made in the correspond- 

 ing months in 1929. 



The supplies and equipment other 

 than petroleum products purchased up 

 to date for the current fiscal year 

 total $118,186.48. This exceeds the 

 .imount of the total purchases for the 

 fiscal year of the company ending Au- 

 gust 31, 1929, by $56,735.94, or 92%. 



All merchandise and equipment han- 

 dled to date in this fiscal year, com- 

 puted on the basis of cost to the mem- 

 ber companies, totals $1,237,001.30. 

 The amount for the entire fiscal year 

 ending August 31, 1929, was only 

 $1,172,935.69. The actual value of 

 the products has not increased in the 

 same proportion as the volume because 

 of lower prices. 



Too Much Coffee 



The JciCruction of 4,5 00,000 bags of coffee 

 out ot supplies in the terminal warehouses in 

 Brazil are being agitated in Sao Paulo to relieve 

 the depression existing in the world coffee mar- 

 ket. 



The plan suggested involves the destruction 

 of only the lower grades of coffee. No infor- 

 mation is given as to wiether or not the own- 

 ers of the surplus stocks will be reimbursed 

 fur their stocks. 



ALTHOUGH the income tax has 

 been for many years one of the 

 chief sources of revenue in many Eu- 

 ropean countries, it was used only to a 

 limited extent in the United States 

 prior to 1911, says a report on income 

 tax legislation prepared by Senator 

 Clark of Iowa for the Iowa Farm Bu- 

 reau Federation. 



In that year Wisconsin adopted a 

 well-considered law imposing a tax on 

 incomes of individuals and corporations. 

 This law exempted from local taxation 

 intangible property, farm machinery, 

 and hoi'sehold goods, and centralized 

 administrative authority in th^ state 

 tax commission. The success of the 

 Wisconsin law immediately caused 

 other states to give serious consideration 

 to the income tax. 



In 1912 Massachusetts and Virginia 

 amended their laws embodying some of 

 the features of the Wisconsin law. 

 Oklahoma and Mississippi enacted laws 

 in 1913 and 1914; Delaware and Mis- 

 souri in 1917. . I '..;<... 



1 9 States Have Tax 



By January, 1929, 14 states had in 

 operation income tax laws. During the 

 last few months California, Oregon, 

 Arkansas, Tennessee and Georgia have 

 enacted income tax laws, raising the 

 total number of states to 19. 



In Connecticut, California and Mon- 

 tana the state income tax applies only 

 to cor[x>rations. 



The income tax in Delaware, New 

 Hampshire and Oklahoma is collected 

 only from individuals. The other 13 

 states impose income taxes on both in- 

 dividuals and corporations. 



Delaware, Massachusetts and New 

 Hampshire keep no income taxes for 

 the state treasury. New York and 

 Wisconsin divide theirs with the locali- 

 ties. 



Arkansas Law 



The income tax law that was enacted 

 in 1929 by the Arkansas legislature fol- 

 lows very generally the form of the 

 "model law" drafted and approved by 

 the National Tax Association. Per- 

 sonal exemptions are $1,500 for a sin- 

 gle individual and $2,500 for the head 

 of a family plus $400 for each depend- 

 ent. The exemption in case of a cor- 

 poration is $1,500. The law provides 

 graduated rates starting in with 1 per 

 cent for the first $3,000 of net tax- 

 able incomes, and providing for 5 per 

 (CoHtinutd on page 9, col. )) 



