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Show FARMERSMAY AVERT BANKRUPTCY BY MARKETPOOLS Recent Copper Experiment May Be Extended to Agriculturists By HAROLD D. JACOBS United Presa 8taff Correspondent, NEW YORK, Feb. 12 The farmers of the country may be insured against bankruptcy through a system of marketing pools,. It was learned today. The present experiment In the copper cop-per industry, if successful, will be extended to farm products and handled han-dled on a large scale, probably through the cooperation of several of the . biggest financiers in the . United 7 Slates. BARUCH ADVOCATE. ' Bernard Baruch is an advocate of the idea of collective marketing. "Every community must organize I according to local conditions and the 1 character of the products." he said 4 today. "After successful organization ? the system can be extended to include larger areas and more units. These units could be directed and coord i-nated i-nated by the larger central organ ia-w ia-w tions. Cooperative selling of a product is advisable nnd MWi11a result m increased returns.' The first experiment in applying this system to farm products, it was learned, probably will be made in behalf of the tobacco growers ofthe iSouth. PLAN FIRST STEP. The first step will be organization nf a financing corporation with a fixed amount of subscribed stock sufficient suf-ficient to handle the situation, but rertaily running Into the millions of dollars. Loans will be extended to the tobacco farmers on short term notes, which will be secured by warehouse ware-house receipts on products stored for a favorable market. Bearers certificates, certifi-cates, in which the general public could in vest, would be Issued against these notes by the corporation. |