Roanoke Rapids herald. [volume] (Roanoke Rapids, N.C.) 1914-192?, 1916-09-01

m PRODUCERS of perlshables through
market news service. A similar ser
vice for live stock interests VIII De
inaugurated during the year.
6. The problems of securing the
uniform grading Of staple crops, OF
regulating dealings and traffic in thein'
of developing better system OF ware
houses, and of providing more avail
able collateral for farm loans has been
successfully dealt with,
Z. Under the Cotton Futures ACT
standards for cotton have been estap-
lished, the operations of the futures
exchanges have been put under SUPER
vision, and the sale of cotton has been
placed on a firmer basis.
8. The United States Grain Stand
ards Act will secure uniformity In the
grading of grain, enable the farmer
to obtain fairer prices for his product,
and afford him an incentive to raise
better grades Of grain.
0. The United States Warehouse
Act will enable the Department OF
Agriculture to license bonded ware
houses in the. various states. 1t VIII
lead to the development of better stor-
age facilities for staple crops ana VIII
make possible the issuance of reliable
warehouse receipts which will be wide
ly and easily negotiable.
10. Of no less Importance for agrl-
culture and for the national develop
ment IS the Federal Aid Road Act.
This measure will cOnduce to the es-
tablishment Of more effective highway
machinery In each state, strongly in
fuence the development Of good road
building along right lines, stimulate
larger production and better market
ing, promote a fuller and more attrac-
tive rural life, add greatly to the con-
venience and economic welfare of all
the people and strengthen the national
foundations. The Act embodies sound
principles Of road legislation and will
safeguard the expenditure of the fundsl
arising under the Act not only, but
will also result in the more efficient
use of the large additional sums made
available by States and localities.
II. The Federal Reserve Act bene-
fits the farmer, as 1t does all the othefu
people of the nation, by guaranteeing
better banking, safeguarding the cred
1t structure of the country, and pre-
venting panics. 1t takes particular
note of the special needs of the farmer
by making larger provision for loans
through national banks on farm mort
cages and by giving farm paper ma
turity period of six months.
l.. 1t was essential, however, that
banking machinery be devised which
would reach intimately into the rural
districts, that it should operate on
terms suited to the farmers needs,
and should be under sympathetic mar
agement. The need was for machinery
which would introduce business meth
DDS into farm finance, bring order out
of chaos, reduce the cost of handling
farm loans, place upon the market
mortgages which would be safe in
vestment for private funds, attract in
to agricultural operations fair share
of the capital Of the nation, and lead
to a reduction of interest. These needs
and these ideals have been met by
the enactment Of the Federal Farm
Loan Act.
am glad to have had an opportunity
to take part in the execution of this
large program, which, / believe, will
result in making agriculture more pro-
fitable and country life more confront
able, and attractive, and, therefore, In.
sure the retention In rural districts Of
an efficient and contented population.
Faithfully yours,
WOODROW WILSON.
Hon. A. #. Lever, Chairman.
Committee on Agriculture,
House Of Representatives.