AFBF Convention 



(Continued from page fi) 



the galleries. He defended large cor- 

 porations "which eliminate waste and 

 increase efficiency" but admitted they 

 should be regulated, chided labor for 

 internal quarreling, spoke for the 

 shorter work week as a defensible 

 move to divide up the work and give 

 more persons jobs. He failed to an- 

 swer the justified criticism of labor's 

 high wage scale policy which is re- 

 sponsible for a great deal of unem- 

 ployment. 



"We can strike a proper average by 

 giving the farmers parity, and that is 

 the only factor in this entire problem 

 that may have to be fixed artificially," 

 LaGuardia said. "When that is done 

 most of your troubles will be over." 

 Farmers were interested in this sally 

 but no details of the Mayor's proposal 

 were forthcoming. 



High interest rates, he vigorously as- 

 saulted thus: "Anyone who demands 

 more than six per cent for the use of 

 his money is not a business man ; he 

 is just a swill-swollen swine. Mort- 

 gages, of course, should be much low- 

 er .. . We ought to limit interest on 

 government, state and municipal bonds 

 to two per cent, and all others to 21^^ 

 per cent. If we did that, the railroads 

 would have no difficulty in refunding 

 their bonds, and they would be out of 

 trouble." 



LaGuardia advanced the idea of al- 

 lowing some credit on income tax 

 payments in proportion to the amount 

 spent for labor. In closing he said: 

 "Something ought to come out of this 

 convention, or the whole thing is not 

 worth while, something more than the 

 usual resolutions. Ask for a confer- 

 ence with labor. Appoint a permanent 

 committee of this convention to confer 

 with like committees representing La- 

 bor and Industry . . . We must solve 

 this problem, and we will solve it only 

 when we get together and talk it over 

 sensibly and have the courage to do 

 the right thing." 



The stocky swarthy little mayor 

 made a whale of a good speech and 

 unlike most metropolitan mayors, 

 showed a remarkable grasp of national 

 problems. 



O'lVEAL 



"We must fit our agriculture to 

 the available market . . . farmers 

 will never permit the soil conserva- 

 tion program to be abandoned . . . 

 if we did we would be right back 

 where we started 16 years ago . . . 



10 



Let's keep this program for at least 



another year and do our best to make 



it work." 



So sounded off President Edward 

 A. O'Neal after some rousing com- 

 munity singing in opening the serious 

 deliberations of the convention in the 

 huge municipal auditorium at New 

 Orleans. 



Referring to proposed new farm 

 plans he said: "Don't be misled 

 by glib talk about plans involving un- 

 limited production with an American 

 price for that portion of the crop con- 



sumed in this country, and a world price 

 for the surplus. You can have un- 

 limited production or fixed prices, but 

 you can't have both at the same time, 

 any more than you can ride two horses 

 going in opposite directions. 



"Critics or our program say that 

 the commodity loan program is price- 

 fixing. It is true loans put a floor 

 under the market price level, but it is 

 also true that it is only the cooperator 

 who gets the full benefit of the loan, 

 and the cooperator is doing his part to 

 keep production at a point which will 

 (Coiiliniud on pj^e 13) 



FOR FASTER GAINS — FEED 



VROM thousands 

 * of Illinois feed- 

 lots come reports 

 that cattle fed farm 

 grains balanced 

 with Soy Las "Eat 

 good, drink good 

 and do well." Feed- 

 ers claim Soy Las 

 reduces costs of 

 gain and produces 

 faster gains than 

 other protein sup- 

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Soy Las is a Soy- 

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 ally blended with 

 tankage, linseed oil- 

 m e a 1, cottonseed 

 oilmeal, molasses 

 and other especially 

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SOY LAS 



L A. A. RECORD 



,* 



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BUUE $ 

 PENN BONt 

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