South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-07-27
Indiana Member of
House Onginatorof
Farm Credits Bill

| INDIANAPOLIS. July 26-Indiana
is again conspicuous through her
/ congressional representation in the
bringing about OF most progressive
/ legislation.
Congressman Ralph W. Moss. of
the fifth Indiana district. was es-
peeially invited as the guest Of Pres't
| Wilson. upon the occasion Of the
/ signing of the rural credits bill This
should be classed next 10 the federal
reserve act. which is now recognized
| by all banks and bankers in the coun-
I try as the greatest piece of construct
I i've legislation that has been placed
in many years. In the passing Of
both OF these laws the Indiana dele
cation at Washington has played
conspicuous part.
The rural credits bill was really
the work OF Congressman Moss.
while all his colleagues, OF course,
stood by him in bringing about its
enactment. Representative Moss was
also consulted by the president with
reference TO the making up of the ru-
raj credits board, which is one Of the
most important that Pres't Wilson
Will have 70 appoint.
l.. B. Clore Mentioned.
Mr.. Moss has insisted from the
start that Leonard b. Clore is one of
the strongest applicants for one of
these positions 10 be put forward
from any part Of the country In this
he has the endorsement OF all the
congressman and also or Sens. Tag
gart and Kern, all Of them recog-
nizing and urging the peculiar fit
ness of Clore for the work
AT the time OF signing the bill
Pres't Wilson made brief speech in
which he pointed out the benefit,
not only 10 the farmer but also 10 the
investment community, which are es-
tablished in the provisions for a new
bill
ION occasions of this sort" said
the president there are so many
things 10 say that one would despair
of saying them briefly and adequate
~ but l can not go through the sim
pie ceremony of signing this bill with
out expressing the feeling that I
have in signing IL. II is a feeling of
profound satisfaction not only. but of
real gratitude that we have cOmplet-
ed this piece of legislation, which /
hope will be immensely beneficial 10
the farmers of the country
The farmers. IL 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
hn in, 70
mercial enterprises, and while they
have sustained our life they did not
in the same degree with some others
share in the benefits of that life.
Credit Is Available.
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 assets and makes the great
credit of the country available 10
them. one can not but feel that this
is delayed justice TO them, and can
not but feel that il is a very crafty
ing thing 10 play any part in doing
this act of justice.
I look forward TO the benefits of
this bill not with eXtravagant expec-
tations but with confident expecta-
ton that il will be of very wide
reaching benefits. and. incidentally,
it will be of advantage to the invest
ing community, for l can imagine no
more satisfactory and solid invest
ments than this system will afford
those who have money 10 use
Il sign this bill, therefore with
real emotion and am very glad 10 be
honored by your presence, and sup
ported by your feelings. 1 have no
doubt in what | have said regarding
it,"