

8 



I. A. A. RECORD— September, 19331 



N 



_ I LiL«IN01S 



CCLTUBAL ASSOCIA 



RBCORO 



To advance the purpose for which the Farm Bureau vxis or- 

 ganized namely, to promote, protect and represent the busi- 

 ness, economic, political and educational interests of the 

 farmers of Illinois and the nation, and to develop agriculture. 



George Thiem, Editor 



Piihlisbed monthly by the Illinois Agricultural AsMclation at 165 So. 

 Main St., Spencer, Ind. Editorial Offices, 608 S. Dearborn St., Chicago, 

 III. Kntered as second class matter at post office, Spencer, Ind. Accept- 

 ance for mailing at special rate of postage provided in Section 412, 

 Act of Feb. 28, 1925, authorized Oct. 27, 1025. Address all communications 

 for publication to Editorial Offices, Illinois Agricultural Association Record, 

 608 So. Pearborn St., Chicago. The indlTldual membership fee of the 

 IlllnolFi Agricultural Association is five dollars a year. The fee includes 

 payment of fifty cents for subscription to the Illinois Agricultural Associa- 

 tion Itecord. Postmaster: In returning an uncalled for missent copy please 

 Indicate key number on address as is required by law. 



OFFICEBg 



President, Earl C. Smith Detroit 



Vice-President, A. R. Wright Varna 



Secretary, Geo. E. Metzger Chicago 



Treasurer, R. A. Cowles Bloomlngton 



BOARD OF DIRECTORS 



(By Congressional District) 



Ebb Harris, Grayslake 



G. P. Tullock, Rockford 



C. B. Bamborough, Polo 



.M. G. Lambert, Ferris 



Ist to 11th.. 



12th 



18th 



)4th. 



y ■ ': 



15th M. Ray Ihrig, Golden 



16Mi Geo. B. Muller, Washington 



17th E. D. Lawrence, Bloomlngton 



18th W. A. Dennis, Paris 



Iflth E. G. Curtis, Champaign 



20tli Charles S. Black, JacksonTllle 



2]8t Samuel Sorrells, Raymond 



22nd Talmage DePrees, Smithboro 



28rd W. L. Cope, Salem 



24th Charles Marshall. Belknap 



26th R. B. Endlcott, Villa Ridge 



DEPARTMENT DIRECTORS 



Comptroller J. H. Kelker 



Dairy Marketing J. B. Conntiss 



Finance R. - A. Cowles 



Fruit and Vegetable Marketing H. W. Day 



Publicity George Thiem 



lasnrance Service V. Vanlman 



Legal Counsel Donald Klrkpatrick 



Live Stock Marketing Ray B. MUler 



Olllce C. B. Johnston 



Organization G. B. Metzger 



Produce Marketing F. A. Gongler 



Taxation and Statistics J. C. Watson 



Transportation Guy Baxter 



ASSOCIATED ORGANIZATIONS 



(Iftuntry Life Insurance Co L. A. Williams, Mgr. 



ITarmers Mutual Reinsurance Co J. H. Kelker, Mgr. 



Illinois Agricnltural Auditing Assn P. B. Ringbam, Mgr. 



Illinois Agricnitural Mutual Insurance Co A. B. Richardson, Mgr. 



Illinois Farm Supply Co L. R. Marcbant. Mgr. 



Illinois Fruit Growers Exchange H. W. Day, Mgr. 



IlUnoia Grain Corp Chas. P. Cnmmings, Vlce-Prea. and Sales Mgr. 



Illinois Livestock Market. Ass'ii..Ra7 Miller, Mgr., R. W. Grieaer, Sales 



IlIinolB Prodncera Creameries P. A. Gongler, Mgr. 



Soybean Marketing Ass'n J, W. Armstrong, Pres. 



The Difference ; . 



FARMER-OWNED grain marketing co-opera- 

 tives are primarily interested in getting the 

 farmer a better price for grain. 



The so-called grain trade is primarily interested 

 in commissions and profits from handling the 

 farmer's grain — the larger the volume the better. 



This is the chief difference between the co-op- 

 erative and the old-line system. 



Directors of the Illinois Grain Corporation and 

 Farmers National are emphatically on record in 

 favor of higher prices for grain thru acreage re- 

 duction under the domestic allotment plan. 



Grain trade papers and official spokesmen are 

 denouncing acreage reduction and the Farm Act, 

 not because they are afraid of a wheat famine as 

 they would have us believe, but because a smaller 

 volume of grain to handle means fewer com- 

 missions, lower profits. i / ' 



It should be easy for growers to decide which 

 system to support. 



Good Work In Illinois 



THE timeliness and value of the agricultural 

 adjustment conferences sponsored during 

 recent years by the University of Illinois College 

 of Agriculture under Dean H. W. Mumford is em- 

 phasized by the wheat acreage control campaign 

 now underway throughout the country. 



The fact that Illinois farmers have substantially 

 reduced their wheat acreage since 1929 largely as 

 a result of this work, puts them in a favored posi- 

 tion to comply with the government's program 

 with a minimum of rearrangement. 



Illinois corn and oat acreages, likewise, were 

 cut in favor of the more profitable crops of soy- 

 beans and alfalfa. Had other states been as for- 

 ward-looking the evils of price-depressing sur- 

 pluses would have been less pronounced. 



The Grain Price Bubble 



THE mid-July price crash on the Chicago 

 Board of Trade has its good points. Specu- 

 lators were run to cover. Exchange officials dem- 

 onstrated again their inability to keep pure gam- 

 bling and trading in privileges under control with- 

 out government regulation. The resulting wild 

 market broke a lot of little speculators and some 

 big ones, brought easy money to others, which 

 has its disadvantages, and threatened to smash 

 the wheat acreage reduction program which alone 

 offers the farmer a way to a permanent satisfac- 

 tory price level. With proper regulation the market 

 again will reflect the true value of grain, and 

 farmers may intelligently apply needed remedies. 



~^— Gov. Lehman To Mayor O'Brien ^~^ 



44T DO NOT accede to that request," was the 

 L terse reply of Gov. Herbert H. Lehman of 

 New York to Mayor John P. O'Brien's request that 

 state sales and stock transfer taxes be doubled 

 and the proceeds turned over to New York City 

 and other cities for unemployment and work relief. 

 In a recent address to the special session of the 

 legislature at Albany, Gov. Lehman said it is 

 wrong in principle to tax the people of one com- 

 munity for the benefit of people in another com- 

 munity. He asked the assembly to give the cities 

 emergency power to levy their own taxes that 

 they may pull themselves out of their difficulties. 

 It is to be hoped that Gov. Lehman's wholesome 

 and sound policy will be followed hereafter in 

 other states including Illinois. . 



THE futility of relying on speculation and 

 pegged markets for higher farm prices is 

 amply illustrated by recent experience. The grain 

 exchanges which a few weeks ago were loudly ac- 

 claiming what they had done for the farmer are 

 strangely silent now. A short time ago board of 

 trade officials were taking much credit for peg- 

 ging grain prices, doing exactly what they pre- 

 viously condemned in the Farm Board. As this is 

 written they are disclaiming responsibility for 

 such action and are looking in vain for a goat. 



