The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-26
GEORGE R. JAMES
DECLARES He WILL
VOTE FOR HARDING
Says He Will Not Support
Party That Has Treated
South as Administration
Has Done.

George r. James is back in Mem
phis from Washington with the an
nouncement that while he believes
that the fight for the revival Of the
War Finance corporation is doomed
TO failure at this time, he, with others,
is prepared to carry the fight for
ward. He has substantial hopes that
1t will be won later probably in De-
cember, when. congress convenes for
the short term.
Mr.. James also came back in a
fighting mood from a political stand
point. He charges that the War FL
nance corporation was closed down
by Secretary of the Treasury Hous-
ton for political reasons and that the
secretary will not yield to the de-
mand for revival of the corporation
during his term of office unless
forced to do so by congress.
Mr.. James believes that the arbi-
trary action of the secretary in
suspending the War Finance corpor-
alton without referring the matter to
congress as he was urged to do, was
done for political reasons, these rea-
sons being to help the Democratic
ticket in its campaign for reelection
In November. Mr. James states that
In view of this effort of the admin
istration, to place the burden of a
lowered cost of living for highly paid
labor on the shoulders of the farmers
or the country, he will cast his vote
for the Republican nominee next
Tuesday.
Political Juggling.
Mr.. James charges that the view
OF the administration was that the
South would remain solid" as it
mas done In the past, no matter what
ln1ustices were done to its people. At
the same time, he said an effort was
being made to sway votes in the large
Eastern and Northern industrial CEN
ters by holding the price of labor UP
while the price of living was lower
ed. He said that one of the manda-
tory provisions of the railroad rate
raise was that the price of labor was
pot to be lowered. Then, by refus-
ing to revive a piece of working IL
nanciai machinery which would have
aided in the marketing, and thus sus-
tanned the price of agricultural prod
ucts, the secretary of the treasury
lowered the price of living to high
paid labor at : the expense of the
He says that he will not support a
party which Will treat the section of
country from which it draws its chief
support in such a manner.
Mr.. James said that at the confer
ences with bankers in attendance
upon the American Bankers associa-
ton meeting, at which he was pres
ent the bankers stated that the
money necessary for the revival of
the corporation could be raised in
five minutes. He expressed sympa-
thy with the thought that the gov
ernment should not re-enter the
business field, but he said he did OBJ
ject to the suspension of govern
ment agency already established to
do a cert8n work, at time when it
was so sorely needed as it is now.
He also favored private corpora
tions such as the one recommended
by the American Bankers associa-
tiOn,> as supplemental to the finance
corporation, but said that the or
ganization of such corporation
would take so much time that it was
doubtful whether it could be made
available in time to benefit the stu
alton confronting the present crop.
incidentally, Mr.. James believes
that much good-may come from the
present situation, as he hopes that
1t will add its weight to the numer-
Gus lessons. of the past in turning the
South FROM the one-crop system, to
a diVersificatioh which will lead to
independence.
The fight for the War Finance
corporation will be renewed at the
next session of congress, when eff
forts will be made to have congress
ADOPT measure reviving the cor
poration. Meanwhile, the South will
have to paddle its own canoe.