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Show NEED OF INCREASED! PURCHASING POWER! I Los Angeles, June 7. I recently , read an editorial in one of our local . papers indicating that "never in the history of the country has there been j such an interest expressed and applied ap-plied by the Federal Government in j behalf of our agricultural structure and at no period has the general average av-erage of the yield per acre been so large. At no previous time has the grower been able to avail himself of so many advantages of cooperative marketing, yet never before in the history of agriculture has the level of prices been so low for most of our farm products, but in spite of all this the fact remains that in the days when nothing but supply and demand determined prices the lot of the farmer farm-er was infinitely better." There is no gainsaying these statements, state-ments, neither do we deny the fact that no matter how far from the mark the efforts went, the fact remains re-mains that the laws of supply and demand still prevail. We all recognize recog-nize too that these efforts whether wisely or unwisely directed, were meant for the best; but it is hoped that we are through with that class of legislation and activity rather a costly lesson but in all of these matters there is a fundamental principle prin-ciple which apparently is just as sound today as it was in the beginning begin-ning of things, that when we forsake these time-honored and tested principles prin-ciples we are simply headed in the wrong direction. So far as the livestock live-stock interests are concerned price levels in certain lines are lower than ever before known. Personally, I am" not very much in favor of a harangue over facts and figures proving misguided effort with a tremendous loss of money, all of which comes from one source viz., the people. |
