The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1921-09-30
WASHINGTON NEWS LETTER

NJ. <AHOerSOn ICn0 EQuCy, q great
farmers cooperative association
with q large. membership in the
wheat states Of Minnesota, the Da-
kotas and Montana, will now be
able to do business upon a larger
scale than ever before ia the organ
ization's history, and Mr.. Anderson
estimates that his association will
handle upwards Of 50,O0O;OO0 bush
els of grain in the present crop
year.
The conference between the dir
ectors Of the War Finance Corpora
ton and the Equity, represented by
President Anderson, and the attor-
ney for the exchange, Mr.. Benjamin
; Drake, had previously been arrang-
ed for by Representative George M.
Young, and Congressman Young
himself appeared before the direct
,ors, in company with Drake and
Anderson, to make the plea for the
loaA.
When interviewed at his hotel,
before leaving for the west, Mr..
. Anderson seemed highly elated over
the success sof the conference, and
he especially emphasized the busi-
. nesslike manner with which his
colleagues and he had been met
with by the Government officials.
President Anderson said:
: Out in the West we hear a great
deal about governmental red tape.
Well, the meeting yesterday eviden-
ced decided lack of anything like
it. Congressman Young, Mr.. Drake
and myself, were given an opportu-
nifty to state our case in detail, and
the directors then withdrew into
executive session to consider the
proposition. When they had con-
suited for "a time Vice Chairman
Mclean came out Of the conference
room and announced to the newspa-
per men that he had. decided to
make the thee S15, ,OOO, 900 loan to
the Equity Exchange"
Congressman George NJ. Young Of
North Dakota, not only for his ac-
tivity in our behalf in arranging for
the meeting itself, but for the
strong statement made by him to
the directors in the interests Of the
loan"
According to Mr.. Anderson the
Equity Cooperative Exchange will
now proceed to enlarge, their facili-
ties for handling their business up
on much larger scale. Grain will
be concentrated at the terminals at
Minneapolis, st. Paul, and Duluth,
and there held for sale to the high
est bidder, foreign and domestic
alike. While the Equity will not
attempt to go into the export busi-
ness itself it will be in a position to
handle orders for sale to foreign
buyers in million bushel lots, while
the loan by the Government will di-
rectly benefit the growers of the
Northwest, members and non-mem-
bers alike, since the money advan-
ced to the Equity by the War Fl
nance Corporation Will go through
them and to the farmers themsel-
YES.
That the stamp Of approval pla-
ced upon the Equity Cooperative
Exchange by this action Of the War
Finance Corporation, acting for the
government. will add new stinau-
lous to the cooperative moyement
throughout the country there can
be but little doubt. Farmers Of the
Northwest will now feel that. the
officials in Washington are mani
Testing an interest in their welfare
that will give them renewed conf
dence in their effort to advance the
cause Of normally.
Congress reassembled on Septem-
Der 21st, but the House will not
take up its regular order Of busi-
ness until October 3rd. The Sem
ate however is in regular session
and probably will continue so until
the end Of the session.
The anti-beer bill was made q
, subject of debate again as soon as
the Senate convened and its adher-
ents will endeavor to keep the bill
before the Senate until it shall have
been brought to a vote. The tax
bill however, is ready and waiting
and Chairman Penrose, of the FL
nance Committee, will marshall his
forces to displace prohibition amend
ment in favor Of the revenue mea-
sure. The anti-beer bill held the
floor before the recess without
much progress being made upon it
and such is the case today. Many
Senators, not all Of them "wet''
either, are opposed to the latest
dry act amendment and prolong-
ed debate seems assured II the rev.
enue bill Is not soon made the order
Of business. At one time II was
hoped that the Senate Would hava