The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1921-10-28

out-tried methods; that when they.
didn't see the way forward they
went back. Townley may have
wanted to see the farmers run the
state. He has often said SO. But
he wanted to tell them how. to do
it; and he has, even though the
out Of discard to insure against
mistakes. !, 3,5 .; S:t
Last November man was elect
ed to Congress who had been known
as an avowed enemy Of the caucus.
The Fargo Courier-New yelped
with glee. One who had refused
to bow would yield at last. Consis-
fancy, that; jewel so rare that few
attain it would be denied once more.
In Congress, so the red-one reason
ed, things are done with an iron
hand. That which was true in Bis
marck would be truer still away in
Washington. perhaps it was to
dodge this influence Of iniquity that
John Baer refused to sit in the
House in his last session.)
The ordeal passed, conviction had
it's day in court in triumph. Never
word has the Courier-News said
to record it's passing. And over
the National Capitol, surrounded as
it is by sinister influences, the sun
rose the morning after with never
a hitch even though party harmony
was not to be had-nor expected,
unless by the red-editor in Fargo
upon the night before.
Perhaps, even SO, comparisons
are odious. For there are caucuses
and caucuses
A formal resolution passed by the
War Finance Board early last week
approved the $15,000,OOO loan to
the Equity Cooperative Exchange.
Congressman George M. Young,
who attended the meeting as the
representative of the Equity, sta
ted later that all details Of the loan
are now complete.
+ Of interest to farmers generally
should be the recent ruling by the
Fderal Reserve Board to the effect
that growers drafts accepted by
cooperative marketing associations
should be classed as agricultural
paper eligible for rediscount at
Federal Reserve banks. In the
opinion of Secretary of Agriculture
Henry C. Wallace, the ruling is of
great Importance and should result
in making additional credit avail
able for farm use.
Secretary Wallace said: clad
the board ruled that the transaction
indicated was a sale and not a con-
signment, the drafts would be res
tricted to eligibility for rediscount
within the 80 day limit. Under the
Interpretation of the board, how
ever, the growers drafts, if other
wise conforming to the rules and
regulations of the Federal Reserve
system, are eligible for rediscount
within the, six-month limit"
A bill introduced in the House by
the settlement and adjustment Of
all transactions under the Seed
1.oan plan. The clause in the Act
OF May 81, 1920, exempting from
payment loans where the yield on
wheat lands was less than five bus
hels an acre, is extended by the
Young bill so as to include also rye,
oats and barley lands. The bill
further provides for reimburse
ments by the government to bor-
rowers who paid their loans in ig-
norance Of the law.
Senator McCumber vigorously op-
posed the Borah bill for free tolls
for American coastwise ships using
the Panama Canal. The bill passed
the Senate by a narrow margin
but it is understood that it will be
held up in the House until after the
limitations of army conference.
The vote in the Senate was not at
all along party lines but was split
according to the various interpre-
tations placed upon the Hay
Pouncefote. treaty with England.
Senator Lodge, the majority leader,
and several other members OF the
Foreign Relations Committee vo-
ted against the bill.
The reported sale of North Dako-
ia state bonds to the amount OF
several millions Of dollars will, it is
felt here, enhance the chances Of
the Independents at the coming re-
call election. Those familiar with
the situation feel that the people
will not care to have this sum
squandered by the inefficient admin
istration at Bismarck, believing
that the object lesson furnished by
the Drake Mill will not incline the
voters To favor repetition of the
same order in the larger mill to be
built at Grand Forks. On the other
hand, it is contended, if the bonds
are not sold the establishment of a
stable government at Bismarck
will soon result in the sale O. the
bonds in any event. To " t'fy
this contention, it is pointed out:
the state Of South Dakota has sold
securities to the amount Of ten
times the amount of the reported
sale of the securities OF North "a
kota. And this in the same time
ond a. 1oss exnense thar was en-