The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1920-12-02
FARMERS DEMAND
PROTECTION FROM
SLUMP IN PRICES

and representatives from the aSrlcul-
tural states today decided to hold
general conference here this week to
draft measures to meet the threaten
ed emergency.
A. tentative program Of legisla-
tion agreed upo- . IS for the enact
ment of the following measures:
! Revival of War Finance Cor
poration.
Extension of credit to Germany
Of $1,000, 100000 to provide a mar
ket in that country for surplus food
and raw products from the United
States. This measure will require ac-
tion by congress- to permit the use
of the German assets in the country
now in the custody of the alien pro-
erty custodian. which are to be used
as the basis of the credit.
3 Placing an embargo or tariff on
shipments of Canadian wheat into the
United States to stop the food now
coming into the American market.
Passage Of an act to prohibit th
reading in futures in the grain mar
ket by the imposition Of a tax
10 per cent on each transaction.
Given Impetus by Capper.
The movement to bring about en-
actment of this legislation was given
impetus by the arrival today of Sen
ator Arthur Capper Of Kansas, VIII
has spent much of his time since ad-
iournment Of congress in studying
the wheat-growing situation in the
middle west. Senator Capper brought
with him a legislative program en-
bodying most of the features outlin-
ed above. The proposal to tax fu-
lures is essentially his own. and he
strongly favors also the proposal to
shut Canadian wheat from the mar
kets.
Senators who joined with Senator
Capper in the movement are: Kellog
of Minnesota, Curtis of Kansas, Ken
yon of Iowa and Norris Of Nebra~
ka.
They have received assurances o.
assistance from Senators Nelson OF
Minnesota and Gronna of North Da-
kota, chairman of the agricultural
committee. They are due in Wash
ington next Friday and the confer
ence will not be held until they ar
rive.
Assistance From House
Assistance has been promised also
by solid delegations In the house
from practically al the great wheat
growing states.
Sentiment among those who are
drafting the program for farmers re-
lief Is strongly against asking con-
gress to make an appropriation.
is realized that II an appropriation IL
asked the first question to arise is
"where will we get it," This Is be-
cause of the stringent condition OF
the federal finances and the an
nounced policy Of the Republican
leaders to cut every appropriation to
the bone.
Secondly, the appropriation OF
government money Is generally re-
garded by the senators who planned
the conference as being much less eff
fective than the passage of measures
to extend the passage Of measures
stop the influx of competitive pro-
ducts.
Finance Corporation.
Senator Kellog said today he was
not entirely satisfied that revival OF
the finance corporation would be
good thing. He Stated, however, that
if his talk with Mr.. Meyer conyinc-
ed him otherwise he would offer
resolution in the senate re-establish-
ing 1t.
Senator Cape said he intends to
urge that the finance corporation be
reorganized. He believes that the far
mers have such backing they will be
able to get financial support to Ta
ket their surplus farm products
abroad. With this corporation func-
tioning, Senator Capper also believes
the federal reserve board will be in
spired to adopt a more liberal poll
cy in the extension of credits to far
mers.
yT.,-fc 10 Rrrv