Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-07-09
WARNED BY BLOC
HARDING WILL AID
COTTON GROWERS
The Atlanta Journal News Bureau,
623 Riggs Building.
BY THEODORE TILLER

"ASdlNGION, July o.-ETeSlueIl
Harding has assured southern sena
tors and the cotton growers of tn
south that he will investigate imme
d:ately what ai6 has been re lderCC
and can be rendered by the war fl
nance corporation and it's co7operat
ing bankers to the agricultural in
dustry, and particularly the cottor
industry.
This promise was made through
Senator Simmons, one of the Demo
cratic leaders of the senate, who was
called into conference with the presi
dent when he appeared at the SEN
ate unexpectedly Thursday afternoon
to urge the sidetracking Of the sol
der bonus bill and a recess or ad
journment of the senate for several
weeks. The president assured Sena'
tor Simmons. it was learned today
that he would inquire into the &C
Invites of the war finance corpora
ton and soon write the senator what
the outlook seemed to be for market
ing the surplus cotton crop.
TO Fight Recess
The Harding assurance came about
when Senator Simmons, along with
others belonging to the agricultural
bloc" told the president that there
must be no recess of the senate sc
long as farmer relief legislation is
still on the calendars awaiting &C
ton.
l. u,bo djroot ip+arect Of mr. Hard in o
in the cotton situation was decidedly
encouraging when reported to south
ern senator's today. Spokesman for
the .;ricultural bloc" a group OF
senator's now appearing to hold the
whip hand in the adjournment pro-
gram, listed several bills upon which
action is demanded before there is
any rest period allowed in congress.
Senators Norris and Simmons stress
ed particularly the Norris bill for
formation of a government corpora
ton with S1O0,OOO,O0O capital to fl
nance exports of farm products. This
corporation would be empowered to
issue bonds for nine times that
amount. When Senator Simmons
I told the president he must fight ad-
iournment until such matters were
| taken care of, the president is said
| to have replied that he understood
the war finance corporation in coop
| era ton with large financial interests
| had worked out a farmer relief plan
| that was meeting, or would quickly
meet, the situation.
President to Act Quickly
The cotton farmer of the south, in
particular, Senators Simmons said,
was up against 1t and faced near ruin
unless some method is found to fl
nance and market the surplus from
| last years crop which is now held.
| On this showing, the president pGom-
ise6 he would make immediate in
quiries regarding the extent of the
aid of the war finance corporation
and advise southern senators what
might be expected.
President Harding was fairly well
advised when he left the capitol
! building that the agricultural bloc,
which welded the balance of power
| two days ago when Senator Lodge
proposed a summer recess, held the
upper hand in the present admins
| tration move to have the senate lay
aside the soldier bonus bill and 9TH
err appropriation-carry legislation,
and go home for few weeks. Sen
ators Norris and Kenyon were as en-
phatic as Senator Simmons in their
| insistence upon agricultural legisla-
| ton. Senator Kenyon mentioned
specifically the bill placing the sec
rotary of agriculture on the federal
reserve board; the measure raising
! the interest rate from to IL per
cent on the bonds of the joint stock
land banks and another bill increas-
ing from $4,000 to $4,000 the max
imum loan which the federal land
banks may make to a borrowing
farmer.
Talks With Democrats
The president was told in effect
that unless such measures are put
through. the agricultural bloc" will
do it's best to live up to it's name
and "block" any adjournment pro
gram which the administration may
offer.
Senators Simmons and Underwood
were among the Democratic leaders
with whom the president conferred
at the capitol regarding legislation
He talked with them comparatively
at length, considering the number Of
| intprUiouypI within c11nri
time. He also chatteA briefly with
Senator Overman, Senator Harris, o.
Georgia, and Senator Pomerene, al
Democrats. The heavyweight party
conferences, of course. were witt
Republicans upon whom president
bonus pill and bring about a senat,
recess.
HOOVER PUSHES PLANS FOR
MARKETING 1921 CROI
WASHINGTON, July 8.-Investi
cations preliminary to the formation
of a money pool for the financing O.
the 1921 cotton crop are progressing
Secretary of Commerce Hoover sale
today, and queries have been sent t.
representative producers and cotto1
factors in all of the principal dis
triCts in the United States to deter
mine the money requirements which
can be anticipated. These will b.
assembled within a week, he added
and will allow definite steps to bt
taken.
Dempsey Unwilling
To Fight Johnson
Or Any Other Negro
OMAHA, Neb., July SACK. Demp
sey, worlds heavyweight champio