Archive Report
Archive Report
To the Congress of the United States:
I have called this special session of Congress to redeem two pledges given in the last election—farm relief and limited changes in the tariff.
The difficulties of the agricultural industry arise out of a multitude of causes. A. heavy indebtedness was inherited by the industry from the deflation processes of 1920. Disorderly and wasteful methods of marketing have developed. The growing specialization in the industry has for years been increasing the proportion of products that now leave the farm and, in consequence, prices have been unduly depressed by congested marketing at the harvest or by the occasional climatic surpluses. Railway rates have necessarily increased. There has been a growth of competition in the world markets from countries that enjoy ...