Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-05-17
Washington Nelus Notes

Washington, May ia great deal
of interest is shown here in the
speech delivered by Senator McCum-
| Der Of the Rural Credits Bill during
the debate on that measure in the
Senate last week. Senator McCum.
| Der did not approve the pending bill
reported by the committee because
| he declared, it was not framed to be
effective under conditions in this
| country. however, il might be desir.
| able in Europe where other conditions
| exist.
Senator McCumber offered a sub
which instead Of creating the vast
organization for the carrying out of
the rural credits systems, conten-
plates using banks that are now es-
tablished as mediums for doing this
work. Senator McCumber analysed
what he declared were the cumber.
some and expensive features of the
pending bill and especially opposed
the provision for 36 year mortgages,
declaring that the farmers of this
country are not inclined to favor such
transaction, but preferred to have
their debts matured at shorter inter
walls.
Senator McCumber's substitute bill
will give the farmers 10 per cent
money and ALLOW the money lender
of the East 4 per cent interest. His
amendment, he said, would provide an
opportunity for the reduction of all
farm mortgages to 10 cent interest.
The Rural Credits Bill offered by him
as a substitute for the committee,
| measure has been widely discussed
and is approved by the great many
Senators who believe it would be
vastly better for the country than
would be the committee bill
Senator McCumber is recognized as
an authority upon rural credits Of
legislation and the opinion is ex-
! pressed that if the Republican party
were now in control Of the Senate
his leadership in this respect would
be so fully acknowledged that the bill
to be enacted would practically be
framed by him However, rural credit
legislation will undoubtedly be SUBJ
ject to considerable amendments in
| the next Congress, in order to i'm
prove its workable features if the
measure proves to be unsatisfactory.
So it may be that the practical
| features of Senator iMcCumber's bill
may be embodied in rural credits
| legislation at some future time.
Congressman. George NJ. Young has
received an application from Theo-
dore D. Wolf and others living at Bor-
dulac, North Dakota, to organize a
rifle club. It is represented that those
asking to form the club hare already
had considerable experience in the
handling Of firearms. The Depart.
ment has acted favorably upon the
United States and qualified as a
sharpshooter on the range at Fort
Niagara, New York, in 1910. There
are probably quite large number of
men scattered throughout the United
States who have had military train
ing similar to that of Mr.. Wolf, and if
they could only be found by the Gov
eminent, or if they will come forward
now and assist in the organization of
rife teams they will be rendering a
service to this country.
Senator Gronna took prominent
part in the debate on the Rural Cred
its ELL just prior to it's passage and
predicted that there would be con-
siderable change made in the Hollis
Bill by future Congress. 1t now
appears to be assured that the Hollis
Bill will become law with more or
less change. Senator Gronna believes
that instead of having the expensive
system Of special banking institu-
tions provided in the bill, the princi-
pie of having farmers obtain money