Pine Bluff daily graphic., 1916-07-18
RURAL CREDITS BILL IS SIGNED
 BY MR. WILSON
President Expresses satis- faction at Enactment of
 the Measure.

Washington, July 17-President Wilson today signed the rural credits bill, passed recently by congress. X group of senators, representatives and officers Of farmers' organizations applauded warmly as MT. Wilson af- fixed his signature.
 Just before signing the measure, which creates system of twelve land loan banks under direction of Fed eral board, the president made a short address, pointing out the be1- efits he believed both farmers and the investing community wiuld enjoy under it's operation.
 "In signing this bill," said the of profound satisfaction but of real gratitude that we have completed this piece of legislation, which I hope will be immensely beneficial to the farm CTS of the country.
 Puts Farmer on Better Basis.
 "The farmers, it seems to me. have occupied hitherto a 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 sustained our life they dld not in the same degree with others share in the bcnfits of that life
 "Therefore, this bill along with the very liberal provisions Of the federal reserve act puts them on equality with all others who have genuine as sets and makes the. great credit of the country available to them. on cannot but feel that this is delayed justice to them. I look forward to the benefits of this bill. not with ex- travagant expectations. but with con fident expect ltions that it will be ot very wide reaching benefits and, ln- cidentally, it will be of advantage to the investing community, for l can imagine no more satisfactory and solid Investments than this system will afford these who have money to use"
 Uses Two Pens.
 Ire president used two pens m signing the bill and gave one of them to Senator Fletcher of Florida, Whc asked permission to present it to the i Southern Commercial congress.
 In addition to the number of mem bers of the house and senate, the signing was witnessed by Davie Lubin, one of the originators of the bill. and representatives of the Ma tioaal Grange, the Farmers Educa- tional Cooperative union, the Farm ers' Society of Equity, the AncieN Order of Cleaners, the Farmers Ma i tional congress and the National Council of Farmers Cooperative as sociation.
 Secretary McAdoo conferred with tke president later on the selection of members of the new farm loan board, who will be appoi..ted in the near future. Among those under stood to be under consideration fol membership On the board are: Her bert Quick, w. w. Flanagan, secre- tary of the joint congressional com mttee on rural credits; F. J. H. Vor Engelken of Florida, .. B. Kegley ( l Washington s,ate; B. N. Raiston an' l.. B. Clore of Indiana, J. l.. Coulter of West Virginia, and H. A. Moehlen tah of Wisconsin. Secretary McAdoi is an ex-ofticio member, and four vii be appointed !,y the president.
 Arkansas May Get One.
 Little Rock, July 1.-The bankers of Little Rock are deeply interested in the proposition of Congressman : w. s. Goodwin of the Seventh district for the location of one of the twelve federal farm loan banks provided bA the Glass rural credit bill. Mir. Good win has he active cooperation o B. c. Powell, of Camden, former presl dent of the Arkansas bankers associa ton. who will discuss the project witf the leading hankers of the state, anG see that the Arkansas delegation IT congress is fully advised.