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Show HARDING TEL! S BANKIN6 POLICY Greater Farm Production and Loans to Move Crops Ad vocated in Speech CLEVELAND, Sej' it. Con-I Con-I BUmers of food must be prepared to Ipaj prices that Include reasonable 'profits and farmers must continue a Ipollcy of securing full production and 'moderate prices If the nation is to! ! u ork its way out of tbe present economic eco-nomic dilemma. Governor Harding of tho federal reserve board said last night In an address. Discussing the function of the federal fed-eral reserve system. Goveinor Harding Hard-ing declared Its credit resources should be available through bi.nks to the ex- lent necessary to move crops, but that use of Its credits for holding crops off markets ami idv.MHing prices would bring economic disaster. One of the greatest needs of the na-r.rn, na-r.rn, he said, "is an open market iv he re the old law of supply and demand de-mand Is given free play " Urging greater production, the re-i servs board governor asserted that while decreased output anfl high prices OUld 1" neflt the Individual farmer. th masses of the people would be better bet-ter served with t lie alternative- "The gradual .'nd orderly marketing market-ing of cur Crops Is a matter of importance im-portance to both the producer and the consumer. Karm products, however, how-ever, should not be hoarded or held Kick by use of banking credit merely In hope of forcing an artificially higb level of prices," he said Discussing credit conditions throughout the rountiy, Mr. Harding aid Indications gave rise to new hope and the period of transition, although proceeding slowly. "WHS progressing quietly and without alarming features." |