Connecticut western news., 1916-07-20
WILSON SIGNS
 RURAL CREDITS
Twelve Land Banks Provided
 For In New Law.
FARM LOAN BOARD PLANS

Many Candidates For Appointment to
 Administrative Body Created by Con-
 gress-President Says Benefits to
 Farming Interests Will Remove Many
 Disadva ntages - Signed With Two
 Pens.
 President Wilson has signed the rural credits bill passed recently by con gress. 4 group of senators, representa- lives and officers of farmers organiza- Hons applauded warmly as MT Wilson affixed his signature.
 Just before signing the measure which creates a system of twelve land loan banks under direction of a federal board, the president made a short ad- dress, pointing out the benefits he be- heved both farmers and the investing community would enjoy under it's operation.
 ''On occasions of his sort" said the president, ''there are so many things to say that one would despair of saying them briefly and adequately, but can not go through the simple ceremony of signing this bill without expressing the feeling that I have in signing It is a feeling of profound satisfaction not only, but of real gratitude that we have completed this piece of legisla tion which I hope will be immensely bene- fcial to the farmers of the country.
 Farmers Will Benefit.
 '@The farmers, it seems to me, have occupied hitherto singular position of disadvantage. They have not had the same freedom to get credit on their real estate that others have had who were in manufacturing and commercial enterprises and, while they have sus- tafned our life, they did not in the same degree with some others share in the benefits of that life.
 Therefore, this bill, along with the very liberal provisions of the federal reserve act, puts them upon an equality with all others who have genuine as- sets and makes the great credit of the country available to them. One cannot but feel that this is delayed justice to them and cannot but feel that it is a very gratifying thing to play any part in doing this act of justice. I look forward to the benefits of this bill, not with extravagant expectations, but with confident expectation that it will be of very wide reaching benefits, and. Incidentally, 1t will be of advantage to the investing community, for I can imagine no more satisfactory and solid Investments than this system will afford those who have money to use.
 'I sign the bill therefore with real emotion and am very glad to be honor sd by your presence and supported by your feelings. I have no doubt in what have said regarding it.
 Used Two Pens.
 The president used two pens in sign Ing the bill and gave one of them to Senator Fletcher of Florida, who ask ed permission to present it to the southern commercial congress.
 In addition to the number of mem bers of the house and senate the sign ing was witnessed by David Lubin, one of the originators of the bill, and representatives of the national grange, the Farmers Educational and Coop erative union, the Farmers Society of Equity, the Ancient Order of Cleaners. the farmers national congress and the National Council of Farmers Coop erative associations.
 Secretary McAdoo conferred with the president afterward on the selection of members of the new farm loan board, who will be appointed in the near future.
 Among those understood to be under consideration for membership on the board are Herbert Quick, w. W. Elan agan, secretary of the joint congress siona1 committee on rural credits; F. J. H. von Engelken of Florida, c. B. Kegley of Washington state. B. M. Ralston and l.. B. Clore of Indiana, J. l.. Coulter of West Virginia and H. A. Moehlentah of Wisconsin. Secretary McAdoo is an ex-officio member, and four will be appointed by the president