The Ward County independent., 1921-10-13

because the Minneapolis office had not
been consulted the loan might be can
celled. And Minneapolis papers
wired their representatives to be upon
the lookout for cancellation Of the
loan following the visit of the bankers
committee from the Northwest.
The committee, headed by Mr.. Mac
Gregor, arrived in the city but had
little to say regarding the matter of
the loan. Nothing could be learned
at the headquarters of the War FL
nance Corporation during or imme-
diately following the meeting, al
though upon the day following the
statement was made by the Directors
that the Equity loan would stand.
This was the chief content Of the
story last week, i. e., that the Equity
loan would not be cancelled.
It now SENS probable that Mr.. Mac
Gregor made no attempt to bring
about any interference with the ne
gotiations. He has so stated and the
statements made by John NJ. Ander-
son and other Equity officials have
verified the announcement that all
possible cooperation was being ex-
tended them by the officials Of the
regional committee. 1t is probable
however that the matter of the loan
was discussed in an informal way
but nothing has been learned as to
the attitude of the bankers committee
here to verify the report that they
had endeavored to block the loan
itself.
It is true that there was feeling
among certain people in the North
west that the loan was too, big a
proposition for the Equity to handle
but if this was discussed during the
meeting here, although such may not
have been the case, the parties to the
conference may have felt justified in
refusing the COMMENT upon this par
! ticular phase of the meeting. How
ever, with the loan seemingly set
tied matter, and the Equity officials
themselves we'll satisfied with the
successful termination Of the nego-
tiations, this Is not of particular inn
portance. Mr.. MacGregor and his
colleagues in the Minneapolis office
have been placed lin a position Of
much Importance, and at great per-
sonal sacrifice to their own private
interests. If their attitude has been
misinterperted they are entitled to the
benefit of the doubt, consideration
not often given to men in public life.
If a retraction is justified this may be
regarded as such. The War Finance
Corporation, through its credit faci-
lities, can be Of great benefit to the
farmers and to the people generally
and its agents over the country are
entitled to every possible conslaerat-
ion upon the part of the press and
other public agencies.
A compromise is said to have been
effected in the Senate, between the
advocates of the Penrose- Fordney tax
revision bill and the so-called insur-
gents who have been standing out for
notifications in the, bill, which will
insure party harmony on the matter
of a permanent tax bill and expedite
its enactment. Considerable diff
ferences Of opinion have existed here
tofore as to the extent Of the i'm
ranks over the tax bill but the report
majority leader, has the situation we'll
pected to push the bill with all pos
for consideration Of the Fordney tar
riff bill. Compromises effected in
the proposed bilf, it is believed, will
meet with the favor Of many Of the
minority members and the prediction
/ is being made that the bill will pass
without great opposition.
Senator Smoot is preparing to stage
hard fight for his manufacturers
sales tax bill, which he is offering as
a substitute for the pending bill, but
sentiment in Congress seems to be
against him and he may surrender
his contentious if the outlook appears
hopeless.
Assurances that the emergency tar
| iff bill would be extended until the
new tariff bill is enacted were given
by Congressman Fordney, Chairman
Of the Ways and Means Committee,
recently in statement before meet
ing Of western Senator's. The Young
bill expires by limitation in Novem-
ber, and it is held as highly improb-
able that the permanent revision bill
will have been enacted by that time.
Resolutions extending the emergency
law have already been offered by
Congressman Young, Of North Dakota
and Green Of Iowa, both members Of
the Ways and Means Committee, and
sentiment generally favors such
action.
The Young bill passed early in the
present session, winning support from
both parties, and the extension res-
olution should command a safe
majority.
According to the Fordney state
ment the bill offered will also carry
provisions extending the dye embargo
law.
vsre 'vss' rss -,Mss -
PLOW SWEET CLOVER
Ss y SECOND YEAR,
Fargo, N. D.-plow under sweet
clover during the second year Of it,