Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1916-09-07


Fifth Provision was made promptly
for the creation of an office of markets
and rural organization, and the appro.
priations for this office, including those
for enforcing new laws designed to
promote better marketing, have been
increased to 81 200, 900. The more diff
fcult problems of marketing are being
investigated, and plans are In opera
ton for furnishing assistance to pro
ducers of ~perishables through q market
news service. a similar service for
live stock interests will be inaugurated
during the year.
Sixth.-The problem of securing the
uniform grading of staple crops. of
regulating dealings and traffic in them,
of developing a better system Of ware
houses and of providing more avail
able collateral for farm loans has been
successfully dealt with.
Seventh.-Under the cotton futures
act standards for cotton have been es-
tablshed, the operations of the flu
lures exchanges have been put under
supervision. and the sale of cotton has
been placed OF a firmer basis.
Eighth.-The United States grain
standards act will secure uniformity
In the grading of grain, enable the
farmer to obtain fairer prices for his
product and afford him an incentive to
raise better grades of grain.
Ninth.-The United States warehouse
oof will nnob1o ~, jo,., 49, 80.
rlculture to license bonded warehouses
in the various states. 1t will lead to
the development of better storage ia
cilities for staple crops and will make
possible the issuance of reliable ware
house receipts, which will be widely
and easily negotiable.
Tenth.-Of no less Importance for
agriculture and for the national de
velopment IS the federal aid road act.
This measure will conduce to the es-
adjustment Of more effective highway
machinery in each state, strongly in
fuence the development of good road
building along right lines, stimulate
larger production and better market
ing. promote a fuller and more at
tractive rural life, add greatly to the
convenience and economic welfare of
all the people and strengthen the ma
tional foundations. The act emhodies
sound principles of road legislation
and will safeguard the expenditure of
the funds arising under the act not
only. but will result in the more eff
Gent use of the large additional sums
made available by states and locali-
I ties.
Eleventh.-The federal reserve act
benefits the farmer, as it does all the
other people of the nation, by guaran-
feeling better banking. safeguarding the
credit structure OF the country and
preventing panics. 1t takes particular
note OF the special needs OF the farmer
by making larger provision for loans
through national banks on farm mort
cages and by giving farm paper a ma
turity period of six months.
T~welfth.-It was essential, however.
that banking machinery be devised
| which would reach intimately into the
rural districts, that 1t should operate
on terms suited to the farmers needs
and should be under sympathetic man.
agement. The need. was for machinery
which would introduce business meth
DDS into farm finance, bring order out
Of chaos, reduce the cost Of handling
farm loans, place upon the market
mortgages which would be a safe In
vestment for private funds, attract
into agricultural operations a fair
share Of the capital OF the nation and
lead to a reduction Of Interest. These
needs and these ideals have been met
by the enactment Of the federal farm
loan act
I'M glad to have had an opportunity
to take part in the execution OF this
large program. which, l believe. will
result in making agriculture more prof
table and country life more comforta-
BILE and attractive and therefore insure
the retention In rural districts OF an
efficient and contented population.
Faithfully yours,
WOODROW WILSON.
Hon. A. r. Lever, Chairman Commit
tee ON Agriculture, House q Rspes-
asnestis0
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