Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-12-05
Resolution Will Be Intro
duced in Congress, Which
RecOnyenes Monday.
MOST FEASIBLE SOLUTION
OF PROBLEM, Is BELIEF
Unless Aided Over Present Pc
riou of Price Depression, Dire
Results May Ensue.
MAY BE DRIVEN FROM LANDS
Nebraska Governor Tells .Agricul-
turc Committee OF Seriousness
OF Situation in His State.
ne Assnc!nteA rrrsr ]

By Associated Press
WASHINGTON. Dec. 4-Flrs: stcDs
ioward remedial legislation for farm
cIs at the coming session Of Congress
VIII take the form Of ii concurrent
resolution directing restoration Of
the War Finance Corporations This
was made clear today in statements
10y Senators Harrison, mississippi. and
HELM. Alabama. and Representative
Ryrncs. South Carolina.
The necessity of action b. the
President. would he avoided. II was
commended. hy making the resolution
concurrent IN form and II would be-
come effective on adoption.
we intend during the first week
o' the coming session of Congress-"
declared Senator Harrison. TO PASS
a resolution directing The Secretary
OF the Treasury to revive tn. War
Finance Corporation 80 :ha, our az
rioulturnl products may be market
able"
Enough Voices ia PAYS.
The South and West have votes
enough IN the House and Senate TO
pass such - measure next week" Sen
atcr Helm ga id THE conference OF
the Southern Senators yesterday. and
he join; meeting OF the House ard
senate Committees on Agriculture
which brouRh, together EepreAcn'a-
t!Ees and Senators from the Soutl.
and West. In my judgnlen,, VIII re-
suit In speedy action by Congress In
granting the necessary relief"
Sufficient sentiment had been
created during the week" Senator
Harrison said. Ito impress upon those
In authority that il Is necessary that
some Immediate action be taken 20
relieve tho critical situation"
The Agricultural Committees today
heard Governor Mckcivie. OF Nebras.
ka, ten OF the situation in his State
They will meet again Monday. morn
ing 10 hear any more interests de-
string 10 present views and then for
lnnla,e recommendations which are
expected to include proposals for
in both Houses.
Representative Byrncr. OF south
Carolina. VIII oTeS the measure in
he House and Senator Calder OF New
YORK. will present II In the Senate
Representative Ryrnes. who has
been attending the hearings beIor.
The Senate and House Agriculture
Committees. said today h" was con-
vlnced that the rc-cstablishmcnt Of
The corporation was the most fca-
sIhle plan OF aiding the farmers in
the present period OF depressed prices
Tor their products.
Proponents Of tho resolution in
the Senate said they believed they
Had enough votes to insure passage
Of the resolution.
Aid IN Imperative.
Unless they are aided over the
present period OF price depression.
thousands of tenant farmers In Ne
braska will be driven from the land
Gcvcrntr McKelvic. OF Nebraska. de-
clarcd today before the joint Sem
ate and House Agriculture Commit
tee.
The Governor stopped owe. IN
Washington en- route home from the
Governors conference at Harrisburg
10 tell the committee about what he
described as the seriousness of the
situation in his state.
Edward Chassell. OF Chicago, secre-
tary OF the Farm Mortgage Bankers
Association OF America. asserted that
the crops ought to be financed now
in the hands OF the farmers. so the
farmers, instead of the spectators.
would get the profits. In rcnly TO n
question from Senator Norris, of Ne
braslSa, Mr.. Chassell said he believed
prices would go up in the next few
months and that the foreign demand
would increase.
OmciRl Views Sought.
Views of other government officials
on possible means OF relief for the
nations farmers from the effect OF
falling prices were sought by the
joint congressional committee consid-
ering the problem on resum.ng hear
ings here today. There had been no
advance announcement, however. OF
the officials listed to appear.
In discussing the question before
the committee yesterday. neither Sec
rotary Of tho Treasury Houston nor
Governor Harding. OF the Federal Re-
serve Board. were optimistic that any
specific solution of the problem OF
falling markets. az II affects the
farmer, might be found. Secretary
Houston expressed tho opinion that
re-establishment OF the War Finance
Corporation alone would not Insure
increased exports Of surplus farm
products to Europe, unless there was
an increase in the purchasing power
OF European countries.
Denying that the Federal Reserve
Beard has urged any restrictions on
the rediscount Of agricultural paper
Governor Harding declared the farm
ers could fully rely upon the banks
10 do their part In carrying over loans
on staple crops for which there Is no
market. nroYiled thex unuld malta q