The Washington herald., 1921-09-12

Joined the McFadden- Kenyon rural credit
and multiple insurance bill lobby" We
have and this lobby is increasing with surprising
rapidity as Congressman, newspapers and the folks
in general come to understand the principles OF this
measure what it aims to accomplish and how. The
Herald also takes pride in helping add to this
lobby" from all economic classes.
1t is not the purpose Of those supporting this
bill to put anything across" to political influ-
.ence; to force decision to gain single vote
N Congress that is not sincere and based on con-
rxc,ion as to the merits Of the bill. 1t has been
before Congress for years, but the time was not
ripe, The interests OF agriculture had not gained
serious attention. The place OF agriculture in the
national economic structure was not appreciated.
1t has taken the and this postwar period to
ripen the situation which has impressed the impor-
tsnce of this bill.
No hearings have ever been held on it until this
session. 1t had not reached even that preliminary
put serious stage. Hearings have now been given
promoters OF the bill They will be continued in
October. stated another page of this issue Of
The Herald. They will occupy most of that month
and days have been set apart for each interest,"
each financial and economic group which the meas
ure will affert and which should bring practical
criticism pro and
The object is to give every point OF view, to
disclose any weak spots or any changes which
should be made and develop the consensus of
, opinion with trained judgment to details. Thi,
testimony will be printed and copies can be had
through members OF Congress. What is wanted is
the utmost publicity, and through this to gain by
the thousands, additions to the lobby supporting
the bill. The is discussed the more closely
it is analysed, the diligently it is studied the
better. 1t is too important to be adopted save
through conviction.
The Herald lobbied its own conviction. Per-
sonal knowledge OF agricultural conditions long and
anxious conferences with many, and few to accom-
plish in localities communities exactly what this
bill will do nationally, gave the measure the well
come OF a most gratifying discovery. Agriculture
needs three main agencies OF relief for its perma-
nent, stable, progressive prosperity. These are
abundant productive credit which is outside the
range of commercial short-time credits; consump-
tive credit it get through the usual banking
channels in any essential volume. Credit for mar
ketng, when it moves from the field of a productive
industry into the channels Of commerce. An inde-
pendent and complete system of warehousing dis
tribution as fully and equally its command as is
+, the system OF transportation.
- To give these no legislation is needed but what
is permissve free from government control regu-
laon and but granting the right of national organ
ization with mutual control. This the McFaddcn-
Kenyon bill grants to the first need of produc-
tive credits. The second form OF credit is under
way but should be nationalized. The third is not
so much as begun, it has been a subject OF
study by few The Herald will be found 4
supporter OF them all.