New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-14

nation as basis for longtime loans TO
| farmers No dennite steps will be taken
until the report\of the government COM
mission sent TO Europe 10 study farm
credits and the statistics being gathered
by the Department Of Agriculture are In
| hand.
Hope to End lnsureent Opposition.
Representative A. Mitchell Palmer.
chairman OF the caucus, conferred with
the President and was acquainted with
| the contents OF the statement. through
which il was hoped TO persuade so-called
insurgent Democrats to abandon their
fight for agricultural currency. The
President said:
Again aud again during the discussion
Of the currency bill 1t has been urged that
special provision should be made Ia IT for
the facilitation OF such credits as me
| farmers Of the country most stand IN
need of-agricultural credit as distin-
gulshed from ordinary commercial ard
| Industrial credits.
! Such proposals we're not adopted be-
cause such credits could be only imper-
fectly provided for IN such measure.
The scope and character Of the bill. Its
immediate and chief purpose, could not be
made to reach as far as the special IN
terests ~ the farmer require.
Special machinery and a distinct sys-
tenn OF banking must be provided for II
rural credits are % be successfully ana
adequately supplied. a government com
mission Is now In Europe studying the
| Interesting and highly successful meth
DDS which have been employed In several
countries Of the Old World, and its report
will be made TO Gong 'ess nj regular
session next winter. II Is confidently TO
be expected that the Congress VIII nj that
session act upon the rcco lamentations OF
that report and establish complete and
adequate system OF rural credits.
There is no subject more important TO
the welfare or the Industrial development
OF the United States, there is no reform
| in which | would myself feel II greater
honor or privilege to take part because
| | should feel that II was service to the
whole country OF the first magnitude
and significance. IL should have accom-
panied and gone hand In hand with the
reform Of our banking and currency sys-
I TEN n we had been ready TO act Wisely
and With full knowledge OF what We were
about.
Too Little Aid for Farmers.
! "Thore has been too little federal legis-
lation framed TO serve the farmer OIL
rectly and with q deliberate adjustment
| TO his real needs We long ago fell Into
n habit OF assuming that the farmers oil
America enjoyed such an Immense nat
ural advantage over the farmers OF the
,es, of the world. were so intelligent and
enterprising and so ut ease upon the in
comparable soils OF our great continent
that they could feed the world and pros
per. no matter what handicap they car
ried. no matter what disadvantage
whether of the law or OF natural circum-
stances, they labored under.
we have not exaggerated their ca
pacity, or their opportunity. but We have
neglected to analyze the burdensome dis
advantages from which they were suffer
ing. and have too often failed 70 remove
them when we did see what they we're.
"our farmers must have means afforded
them OF handling their financial needs
easily and inexpenslvely. They should he
furnished these facilities before their en-
terptises langulsh. not afterward, ana
1 they will be- This In our next great task
and duty"
Representatives Henry, Eagle and
Ragsdale continued to-day to battle for
| the farmer and his warehouse receipts.
and the conservatives began 10 yield un-
der the rapid fire OF the opposition argu-
ment. President Wilson'S statement Writ
ually promising rural credits legislation at
the next session, was not issued In time
! to have any effect In the caucus to-day
but It Is doubtful that 1t will check the
movement in favor OF amending the bill
so as to provide for an elastic currency
for the farmer-producer.
| 1T is not question OF rural credits,
said an insurgent when Informed Of tho
Presidents altitude. "A rural credits sys-
TEN plasters the farm with mortgages
before the crop 10 made We demand
| amendments which will permit the redis-
counting by the Federal Reserve Bank OF
the paper OF the farmer discounted with
national banks and backed by warehouse
| receipts for cotton. corn ana wheat
Members who vote against amendments
OF this character will have an accounting
! to make back home"
Mr.. Henry asserted confidently that
! the Ragsdale-Henry amendments now
had a snfe majority In caucus. Mr..
Ragsdale was likewise optimistic, and
the Glass faction was plainly perturbed
/ lnex otr nf ha
sition.
Il believe the success OF the bill will
be assured in the House II we make a
few concessions" said a conserva tive
leader who has heretofore refuted all
statements that the bill would be
amended In caucus.
1t looks like we will be In caucus two
weeks" said Mr.. Henry.
| AGED WOMAN FALLS TO DEATH.