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Show nciipijiii IS OPPOSED BYFARI iERS Financiers More Interested in Control Than Elasticity Elas-ticity of Currency. FARMERS SO DECLARE TO HOUSE COMMITTEE Favor Long Time Farm Loans From Postal Savings Sav-ings Deposits. WASHINGTON, Jan. 28. Farmers' opposition to the national monetary commission's plan was Totcad today by W. T. Oreacy, master f the Pennsylvn-nla Pennsylvn-nla state grange, before the house currency cur-rency reform committee. Mr. Creasy told the committee that he hollered -renters generally were "bitterly opposed op-posed to the Aldrlrh schema." "We believe," he said, "that the big fiaaneiers are much more interested in gaining eoutrol of the eurrenry than they are in anr effort to obtain its elasticity." C. Barrett of Union City, Ua president presi-dent of the National Farmers' union, sn organization with braaekee ia twenty-one atatse and 3,000,000 members, appeared heading a di-lcgatioa includ ing J. II. Brown, Arlington, Or.; U. F. Oarnb laser, Brnntwiek, Neb.: Peter Hertford, Fort Worth Tel., and A. F. Pis, if t. Baker, Or. '1 he spokesman for the delegation said farmers obieeled to the present monetary ayatem, be eauae it led to undue speeulatiou. A ayatem of incorporated clearing honaea waa auKgeated. Farmers seed long term loans, it was argued, in order that they may become ownera inatoad of tenants. To meet this need the delegatioa proponed that poatal savings bauk iriio.it. be made available for loans on larm lands and outlined a system of land banks to be operated separately from toatmereial banks. |