, 1921-12-29

about onothlrd Of tho amount avail
able had been applied for. Further.
practically any farmer who could avail
can obtain a loan from the Federal
Farm Loan bank
The situation could be greatly help
ed through a reduction OF freight
but no action OF the Wyoming
would help this situation
The public utilities commission can
regulate rates within the state. provid-
ed rates fixed for them are proportion
to those fixed for interstate rites
by the Interstate Commerce commits
sion. but under the Federal T~ranspor-
act rates fixed by a state COM
must DO approved by tho In
Commerce commission. A
hearing which was started before the
Interstate Commerce commission a few
days CO.. will be resumed within n
very short time. Representatives
from this state working in cooperation
Mountain states will make every effort
TO bring about a general reduction OF
rates for this section
AS soon as this hearing is compiet-
ed. our public utilities commission will
tako up the matter of rates within the
state and II Il is found that rates here
are out OF proportion to interstate
rates. there Is no question that the
commission will order c re-
little can be done until such
time a. the Interstate Commerce com
mission its decision in the
case now pending before them. Inter
rates are much more important
TO n farmer in marketing his products
than interstate rates
From certain sections OF the state
has come n demand that an act be
passed providing o the distribution
OF the oil royalties There is at the
present time an act on the statutes
for the distribution OF n por-
ton Of these royalties to the schools
of the state but a case is pending in
the supreme court to determine the
const.tutionaiity OF this act. Should
tho supreme court decide that the act
is constitutional the money will be dis
tributed. but should the court decide
n new act that the iegis-
might enact providing for tho
OF these royalties could
DO carried out on account OF II
being contrary to the constitution of
the state.
at Is my desire and purpose to
do anything possible e relieve the
financial situation OF tho farmer and
and with this end In view 1
have given most careful and thought
nAnaffrruet0n e. an rS-,.ft1rr
that have been made to me and at
the same time nave tried to devise
and means to take care of the
situation I'M also have endeavored I o
prepare a legislative program that
bring about the desired results.
am free to confess that the remedies
I have suggested are about the
only way that I know of to take care
OF the situation, 1 feel that Just as
much can be accomplished by carrying
out the suggestions have made and
At the game time $40 900 to $50. 900 can
be saved TO tho taxpayers of the state
II an extra session OF the legislature
be avoided. Wero It possible to
provide relief by legislative action. the
would be assembled imme-
but I doubt very much that
situation which is purely an eco
nomic T. al be helped by legisla-
Tho farmers trouble is due to the
that he either cannot market his
products. OIL II he does market them.
he must accept a price that is less
than the cost of production Wealth
cannot be created by legislation. Meth
err the legislature create a market
at this time bring about a better
market for farm products. The pres
emit financial depression Is the result
a World war and follows a period
of the greatest expansion Of credits
in the history of the country
Not only Wyoming and the United
States-but the entire world Is suffer
ing from a financial depression. Many
of the countries of Europe are bank
rupt. their currency IL deurecfafed