Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-12-21
FARMERS MAY GET
BILLION IN CREDIT
Cooperative Marketing Bill
and War Finance Resur-
rection Their Only Hope.
BY n. O. MESSENGER.

BY n. o. MESSENGER.
Ii President Wilson signs the joint
resolution, which has passed the
House and Senate. reviving the War
Finance Corporation, one billion dol
lars Of credit will be available to
enable the farmers to export their
surplus products to foreign markets
now clamoring for them, but unable
to pay for them.
/ By the time the President has
reached decision over this measure
he will probably have before him the
Dill. now in conference between the
two houses. authorizing the farmers
TO establish organizations for CO.
operative marketing and handling of
their products in this country. 1t is
expected he will promptly sign this
act.
These w0id then constitute two
immeosate measures OF relief for the
admitted distressing condition of the
agriculturai industry north and
south. But it is claimed that these
will not suffice. There is further de-
mand for an embargo against the i'm
portation of certain products, or q
tarT so high as 10 amount to pro-
hlDition OF import. notably wheat,
wool and meats.
Dumped Into L. :.
1t is claimed that the surplus wbea.
crop or Canada is being dumped into
me CnIted states at premium to
the Canadian grower OF 15 to 40
cents a bushel above the. price the
american farmer has been paid. II
Is further asserted that the Ameri-
can farmer has been COMPELLED ro
sen wheat which cost him So a bushel
TO grow for $140 -
In passing the Joint resol,,;or for
the rehabilitation of the War Fina nee
CorporatiOn Congress struck out the
pIo'isi0n which was proposed nv the
senate, recomme ndiug that the Fed
erai reserve Board grant wide credits
h.,d % mefs ~ upon the products now
That clause was stricken out be-
G@use " was claimed that the feedrraJ
reserve Board has already granted
nperai extension of credit to- fxrrne-s.
sro, sisahas econdly. It is not oonsidered de-
speeulators to withhold products from
IN, me market, thereby enhancing cost TO
the consumer. y ~.
Censidefatfen for Peo,is.
30. feI out that in the uuanimitv
=. sentiment favorable to aiding the
tels tnere was some consideration
to tor ihe man in the street. who thus
why the ultimate costs have mt hean
!!owefed IN proportion to the lessen
ing OF prices the farmer is rHc.iy;no
Someoody between the producer And
Inc nara pressed carrier OF the market
basket Is absorbing to his hensf,t ths
difference between the rninons r,-;t ene
the farmer is obtaining and the sy;st
ing peak prices the consumer Is nay
ing The farmer scratches his heS1
anu wonders why he is being slammed.
aho ,he consumer Fuckers his brow in
perplexity over a situation which dos
hot amefiorate his condition.
The man in the street is heard asL.
,ns What has become Of the Federal
arade commission and all the minor
agencies Of government which, as 20.
son for their creation. were s.n corSs-
usntiy cracked up to stand between
He pain citizen and the profifeer
Sonsressmen are beginning to get
soTle me OF tnese queries. too.
me TWO measures for the relief ~
the asriculturists aforeroinr
merated are likely to consfifu,e .iI
tne action to be taken at this session
Tor the benefit of the aeric,,itnr;st.
Ihe proposed tariff emergency meas
u,es are oeneved not to have a China
mans chance in the Senate. In fact
notice to that effect was az ennd ~,
served by Senator Simmons TanE;n%
minority member OF the finance rn,,,
mittee. when he said in the Senate late
thsti speaking for the democrats.
that II the tariff bill comes over frnn,
the House in its present form 49,
certainly shall insist that il be fre.t.d
az any other tariff measure 10 traatSS
ana that aiter preliminary commitfes
action II shall receive due considera
ton and discussion in the Sena,a
That was a polite way of saving th.,
II shall not pass. '"at
Think Gig La Up.-
In view of this statement f-or,, .h
responsible democratic leader. in 90
forinity with an understanding reachad
with other democrats on the 6nanos
committee and the democratic staar;S'.
committee. senators are convinced thas
the Jig is up for the emergency 70 rirr
bill '@'iit
The sheep and wool industry f,;,;,.
an embargo on imports of wool and mug
ton. Is admitted to be in a dreadfn, CO..
dition- Teiegrams from resuopSihia
sources to senators assert that nnlesS
relief is afforded. the sheep raisin,r -
dustry will he destroyed The point tha,
make is that IL the sheep raisers h.ws
to slaughter their fiocks il will to
years to recreate them. and in thar in
terim this country will be at the mer,v
of the foreign wool grower
Doubt Is entertained by many in Co,-
gress whether. in event Of the sheen men
killing their f1ocks. the buyer of mt
ton chops will benefit by reduced pr;ces
The fear is entertained that sofnebox.
or other the carcasses will find the;r
way into cold storage and be doled on,
h wv