Show balanced farming would help farmers says chicago banker melvin A traylor would make modern farm more Self Contained speaks from own experience speaking before the international chamber of commerce at washington melvin A traylor president of 0 the first national bank of 0 chicago said in part like all ot of us in every una line ot of activity the farmer waa deceived by high values in the time ot of hla his prosperity in awell a well entert tinned but eliut what now seems at least an unfortunate venture the government provided abundant credit facilities cili ties lor for the farmers use iise these facilities were supplemented V ted by other large and Illi liberal eral lending agencies agen cios melvin traylor alch which likewise were misled by land and values the result was that millions of farmers assumed obligations out of all proportion to any possible normal farm income adlof all ot us interested lafara in farm activity and farm finance must assume our share of responsibility for this situation we are learning our lesson and will have to takeo takai our medicine with the farril farmer ler himself for this mistake time arid and hard wark seem to td be thi the only remedy certainly more credit will not solve tW the pro problem mem agricultural industry relief I 1 wish wisht I 1 Posses possessed seq some prophetic uneasy way by which the agricultural industry could be relieved ot 0 its distress and started on A a course ot of well being and profit god has not given me that power but I 1 think there is at least a partial remedy which the farmer farnie himself elf can apply that remedy will start him on the only course which expert oneo and observation convince me any of its can hopefully anticipate the mating of a comfortable livelihood when we find that ori on approximately 20 per cent of the farms in the united states there la Is not a cow nora nor a ch chicken icken and that on more than 30 per cent cant there la Is not a hog and on approximately go 90 per cont cent not a sheep when we know further that on many farms in our large agricultural states no gardens are kept and almost al most every article 0 of food la is purchased at the tore store we are forced to the conclusion that the farmer by and largo large la Is not farming as he should I 1 know that there are certain sections where some or all oft of these kesa means of increasing farni farm income cannot be applied but so 1 I far as possible every farmer should produce his own and dairy products his own meat and his own poultry raise his own owa garden truck and can the fruit and vegetables he ha requires tor for winter use um pigs and chickens help until he obtains from his farm every item for personal consumption which it la is humanly possible tor for him to produce he has not done his job properly i pigs and chickens ani and cows are are worth more to the individual farmer than all the government relief programs that may possibly be conceived once the farmer lives at home then I 1 elleve believe ahat that whatever kind of money crop ho he may produce whether it be large or small the price high or low hl his major di difficulty will he be solved and his lifs margl marginot margin ia of income for the necessities essl fard and luxuries he so much deserved will be greatly increased there Is no romance about far farming it if it ii is i successfully done I 1 know it means hard work day la in and day out but so does any other business successfully cess fully performed I 1 know the privations offard of farm life they are much less now than they them were thirty years ago I 1 should like to see sea every farm home equipped with the modern conveniences of urban life I 1 bould like to see every farmer with an automobile a radio and all other modern inventions which have contributed so much to social we welfare arp ko no ono one Is more entitled to these eso iid advantages vanta gies than the farmer but the farmer like ilka everyone else should have thom them only when lie he can pay tor for them the income for such purposes will be largely determined by the extent to which the farmer exhausts every possible means of supplying his bis necessities from the farm itself hateway hta way out tor for the farmer is not an easy one neither is the course smooth for industry finance or government ern ment and the problem in ong one sphere la is little less difficult than in any other |