Show FARMERS FARMERS' COUNCIL I MAKES PROPOSAL Suggests Government Lend Money o on Years Y ear Harvests I W WASHINGTON Oct 1 S. S Declaring that someone must finance this I years year's crops George P. P Hampton manI managing man man- I aging director of of- the farmers farmers' national council today wrote the federal re reI reserve re- re serve board suggesting that in event I the board definitely decides against I making an effort to get Its members to discount farm paper and warehouse I receipts the government borrow I money and deposit it in national banks to be loaned to farmers at not more I Ithan than 1 per c cent nt in excess of the rate I the government pays Farmers thus would be able Mr I Hampton said sald i 16 hold at least a part of their crops until they can get cost of ot production plus a reasonable profit or until there Is an effective consumption con demand Either the primary producer or those who are seeking to get control o of farm products and who are able to get I credit from Crom some source must finance the crop the tho letter said The men seeking to corner agricultural tural products will not reduce the tha prices at which they sell crops any sooner than the they have to Mr 1 Hamp ton declared Tho I o law Jaw of M supply and demand will be unavailing in case the these e hoarders Can obtain an embargo on importation of farm products in crude condition as as It is Intimated they in intend In tend to do |