The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-08-10
MONTOYA COMING
TO REPUBLICAN
C0NVEH TION
Congressman Announces
He VIII Support Nomi-
nation and Election Of
Bursum.

WAsiIfNGToN, AUG. io-c Congress-
man Nestbr Montoya win leave on
"Wednesday. August 10 for his home at
A~tbuquerune To- be present az the re-
pubneAn state conN entiun on August
Nj. Montuyu y atrunKly ~ favor
OF senator Hufsum and believes his
choire VIII b. elected 10 the high
onicc he ~ now n.lina.
u believe Mr.. hursum ran now
represent New Mexico in congress
better than AEy man who could be
sent AT. Montoya said today. "IIe
has tne work Ia hand and will Keep
cverles,ingly NJ q and accomplish
morn than one Who has 10 begin all
over this late In the session, MI,
Bureum can not be spared from con
sTess az This time. AZ the west u
making 20 many d9mnnda and most
OF this work comes to the senators
desk and Il is really against his dtslr,
to leave here even for d few dnya
However, he has hecn prevailed upon
TO put In an appearance at the con
~Nention, Vr az least be IN the STATE
ON the date u IL hela.~
JoncS Not Coming 10 Convention.
Scnator a. A. Jones' will not attend
the democratic convention la New
Mexico, considering evidently that his
constituents know their neoda Ia the
nomination Of the proper cundidat,
Tor Hcaaior.
II D. believed. moreover. that the
senator. who IN democratic national
committeeman for New Mexico. will
be ON hand for the prediction cam.
paigp.
BurSnm Di-us~cs Credits BiIi.
Committee substitute for senate hill
1915 passed the senate Thursday,
August 4. Regarding this bill Senator
Botsum said. This iH the most far
reaching bill and tn. most conatruc-
I've. helpful piece OF legislation that
has been enacted during the present
congress. The finance corporation
viii have resources. a-Egruguting So
SOC. 900 900 and will take rare OF an
of the needs and requirements OF the
export business and facilitate foreign
oredits which cannot be taken care
Of through private ourcc and TO
carry and tide over surplus OF the
central agricultural commodities such
as wheat, corn aud cotton ana also
includes the surplus monies Tor the
grazing, feeding ana fattVnlng Of
i've stock. the domestic needs includ-
INK live stock and to De taken up for
q period uf two years. Banks. trust
companies ur cattle loan companies
may borrow money upon live stock
security for u term OF one year, which
may De- renewed Tor an additional
year. The finance corporation In also
authorized to purchase paper based
upon live stock security IN exception
al cases. In the event Of such pur-
chase. there Is liability upon the
banks. trust companies or cattle loan
companies. 10y this bill II IL possible
for banks which do not possess "a
sufficient capital 20 make the extend
cd loans Required on account Of the
limitation places either by state law
Of federal regulations TO nnace grow
ers and producers. The effect u this
legislation Will be very f~ar-rcaching.
Railroads Come Next.
The next mov contemplated by tho
administration h 90 finance the rail-
roads and provide for a general re-
duction IN transportation costs. Tho
passage OF the war finance
bill. the adjudication OF the railroads,
reduction OF freight rates and the en-
a%ctfnert Of o. proper protective tnritf
should be- O. guarantee thut the coun-
try viii soon return 90 normal ana
activity viii prevail lu all lines OF
Industry
Seeks 3-ycnr Credits.
senator Hursum proposed an
amendment TO the McNary substitute
Tor senate bin 1915. the credits bin.
proposing 90 extend the period for
livestock loans fam tive To three
years. The amendment WIS rejected.
This viii only force me to present
my amendment In tho form Of q new
hill" snid senator Bursum. The need
for the additional Time ia very urpHH-