The Bridgeport evening farmer., 1913-08-13
PROVISION FOR
 RURAL CREDITS
 TO COME LATER
Announcement Made By President Wilson
 To Congress
Tells Why This Phase Of Cur renCy Bill Should Be Reserved
 For December Session

Washington, Aug. 13.-President Will
 son issued a statement before the Democratic House caucus resumed consideration of the administration currency bill today, announcing that he believed it not advisable to amend the measure at present with. provis- ions for rural credits, but to postpone that phase of banking reform until the December session, when the govern ment committee now studying the sub ject in Europe will have reported.
 Representative A. Mitchell Palmer, chairman of the caucus. conferred with the President and was made ac- quainted with the contents of the statement, through which it was hoped to persuade so-caIled insurgent Demo- crats to abandon their fight for agri- cultural currency. The President said: {:
 Again and again during the discus sion of the currency bill it has been urged that special provision should be made in it for the faciIitation of such credits the farmers of the country most stand in need of.
 Such proposals were not adopted because such credits could be but i'm perfectly provided for in such a meas uure. The scope and character of the bill, it's immediate and chief purpose could not be to reach as far as the special interests of the farmer require ments.
 Special machinery and a distinct system of banking must be provided for if rural credits are to be success fully and adequately supplied. A gov commission is now in Europe studying the interesting and highly successful methods which have been employed in several countries of the old world and its report will be made to Congress at a regular session next winter. It is confidently to be expected that the Congress will at that session act upon the recommendations 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 re form in which I would myself feel it 3 greater honor or privilege to take } service to the whole country of the l first magnitude and significance. It should have accompanied and gone hand in hand with the reform of our l banking and currency system if we 1 lad been ready to act wisely and with l euII knowledge of what we were about. 1
 There has been too little federal | legislation framed to serve the farmer 1irectly and with a deliberate adjust 1 nent to his real needs. We long ago 1 ell into the habit of assuming that | he farmers of America. enjoyed such 1
  he farmers of the rest of the world, | were so intelligent and enterprising | and So at ease upon the incomparab1e | ;oiLs of our great continent that they could feed the world and prosper no natter what handicap they carried, no natter what disadvantage, whether law or natural circumstances they 1a- bored under We have not exagger- tied their capacity or their opportu- lity but we have neglected to ana1yze he burdensome disadvantages from which they were suffering and have % often failed to remove them when ve did see what they were.
 Our farmers must have means af orded them of handling their financial leeds easily and inexpens1ve1y. They hould be furnished these facilities be- ore their enterprises Ianguish, not af- erwards.
 s'And they will be. This is our next .reat task and duty The Congress md the Executive, working together, will certainly afford the needed ma hinery of relief and prosperity to the eople of the country; and that very oon.''