The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1916-08-25

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 $1,200.000 The more diff
ficult problems OF marketing are being
investigated and plans are in opera
tion for furnishing assistance to pro
ducers of perishables through a market
news service. similar service for
live stock interests will he lnaugurated
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.
tabllshed, the operations -Jof the fu
/ lures exchanges have been put under
! supervision and the sale of cotton has
4 been placed on frmer basis
Eighth. United States grain
standards act will secure uniformity
farmer to obtain fairer prices for his
! product and afford him an incentive to
raise better grades of grain.
Ninth.--The United States warehouse
act will enable the department Of ag
riculture 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 he widely
and easily negotiable.
Tenth.-Of no less importance FOL
agriculture and for the national de
velopment is the federal aid road act
This measure will conduce to the es
tabllshment of more effective highway
machinery In each state, strongly in
fluence the development Of good roat
building along right lines stimulate
larger production and better market
ing, promote fuller and more at
tractive rural life, add greatly to thu
convenience and economic welfare OF
NIL the people and strengthen the na
tional foundations. The act embodiel
sound principles of road Legislation
and will safeguard the expenditure o
the funds arising under the act no
only, but will result in the more eff
cient use of the large additional sum'
made available by states and local.
ties
Eleventh. federal reserve ac
benefits the farmer, as 1t does all tn,
other people Of the nation, by guaran
teelng better banking, safeguarding tn
credit structure of the country ant
preventing panics II takes particula
note of the special needs OF the farme
by making larger provision for loan
through national banks on farm mort
cages and by giving farm paper a ma
turity period of six months.
Twefth.-lt was essential, however
that banking machinery be devise,
which would reach intimately into tn
rural districts, that II should operat
on terms suited TO the farmers need
and should be under sympathetic mar
agement. The need was for machiner
which would introduce business metf
ods into farm flnance. bring order ou
of chaos. reduce the cost of handlin
farm loans. place upon the mark6
mortgages which would be safe IL
vestment for private funds, attraC
into agricultural operations fai
share of the capital OF the nation an
lead to a reduction Of interest Thes
needs and these ideals have been me
by the enactment of the federal farl
loan act.
am glad to have had an opportunit
TO take part In the execution OF tn
large program, which, ! believe, wi
result in making agriculture more pro
table and country life more comforts
BILE and attractive and therefore insui
the retention In rural districts of a
; efficient and contented populatio
Faithfully yours,
WOODROW WILSON
Hon. A. Il. Lever, Chairman Commit
tee ON Agriculture, House OF Repr
sentatiyes.