Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-09-11
EFFORTS TO AID
WEST SHOWN BY
H. 0. BuRSUN|
Mrs. Margaret Hill McCarter,
Kansas AuthoreSS, Cites
Three Reasons for Sup
porting SoCorro Man.

Problems incident to the devel-
bilization of the agricultural indus
try and the efforts which congress
is making to improve the lot of the
west were discussed by Holm o.
Bursum, republican candidate for
the United States senate. in his ad-
dress at the high school audito-
rum last evening. He talked plain
" for over an hour, impressing
upon his hearers that he considers
the senatorship an opportunity to
be of service to the citizens of this
state.
In the course of his address he
took occasion to speak in support
of the road bond amendment and
in this he was joined by the other
principal speaker of the evening,
Margaret Hill McCarter. Kansas
authoress.
II think that the bond issue is
all right and that it is the sound
thing to do" said the senator,
Nothing brings people into a
state like good roads" said Mrs,
McCarter land nothing keeps them
lLEIe INT SpOu ESlAoplS'
DR.. David Ross Boyd. president
of the state association Of Bursum
clubs, presided at the meeting and
introduced first Senator Bursum.
In doing so he pointed out that
BUrsum was known over the entire
state and that many people in it
had received direct service from
him since he had entered the Unit
ed States senate.
"The country has been under
going a considerable development in
the past eighteen months said
Mr.. Bursum. This has been es-
pecially true since March 20. 1920,
blu. not solely in the United States.
1t exists all over the world and is
the natural result of the great war
which cost upward of fifty billions
of dollars and millions of lives. 1t
left the world topsy turvy with no
uniformity in nations or between
nations.
Depression in this country was
accentuated by the sudden curtail-
ment Of federal reserve loans on
March 20, 1920. The federal re-
serve sounded the alarm and de-
manded liquidation, for they are
not so organized as to control the
distribution and sale of their prod
ucts.
"The conditions became so acute
throughout the west that it threat
ened to bring general bankruptcy
in the west, not only in the indus
try but even affecting the banks
1t was necessary to give the pro-
ducers chance to recoup their
losses President Harding asked
congress for relief and it has re-
sponded by passing the agriculture
al credits bill, making available
$4,000, 000,0 900"
The speaker then showed how
the operation of this credit bill
would make it possible for co-op-
erative associations to secure mon
ey at 1-2 per cent and for banks
to secure liberal allotments of
funds. He showed that this sys-
tenn was intended to care for the
agricultural industry for two years,
by which time it is expected that
normal conditions will return.
He illustrated the difficulties
which producers had had in repay
ing their loans, due to slumps in
market prices.
"You people are not largely
farmers" he remarked, surveying
the audience which packed the
large auditorium; "you may not
think you are interested in agri-
culture, but you are. Without the
farms there would be no need of
cities like this, no need Of railroads
or of railroad shops"
Mention was made of the
bill to control grain exchanges
with its provision to enable
farmers to be represented.