Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1921-01-13
FARMERS TO GET
NEEDED HELP
UNCLE TED TELLS CHILDREN
THE REPUBLICANS UNITE
TO HELP FARMERS

II
81 don't think about it at ALL"
| spoke up Jack.
That's Just it, Jack" replied his
Uncle. 1.-THE people living in the
cities little realize Just how they are
able to eat each day and what IL
! means to get the products of the
farm TO them. The farmer is up
/ against a serious matter, but thanks
| to a republican congress they may be
| able to pull through their troubles.
The price the farmer has been get
ting for the years products has fall
en- to the bottom, while the cost to
him OF materials and equipment he
has to buy has gone down but very
little. This condition reached a
point where the farmers found they
had to get help or face financial
ruin, which would mean a mighty
bad thing for everybody. The price
OF farm products were high this
year up to the time when the farm
err had something to sell, when
bang they dropped"
What will happen?" asked Ruth.
Simply this. Ruth, would hap
pen, il help isn't given the farmer
the country will suffer terribly, be-
cause IL the farmer can't sell his
products for at least what it cost
him to raise them, he will go out of
business, which will mean no food. Z"
well, hasn't anything been done
to help them?" asked Jack.
Eyes, Jack, republican congress
working against a president who re-
| fused to sign the bill to help the
farmers has succeeded in passing
1t over his veto. This bill, or reso-
luton, as 1t was called, brings back
into existence a body called the War
Finance Corporation which worked
during the war.
THE resolution, which was intro
duced in the senate by Senator A. J..
Gronna, chairman of the senate agri-
cultural committee, was passed by
the senate and the house some time
ago, but President Wilson returned
it to the senate with a message say
ing he would not sign it. To make
it law it was necessary for the SEN
ate and house to re-pass it by two
thirds vote. The very day it was
returned by Mr.. Wilson, and almost
before the clerk of the senate had
finished reading his message, the
I
over Mr.. Wilson's head by vote Of
SO to 5. The next day the house
voted on it again and they passed il
over Mr.. Wilson's veto by vote of
$50 to Sc. Work has already started
on reviving the corporation and
within little more than month
they will begin making loans. There
is already a balance to the credit OF
the corporation in the U. S. treasury
Of 1915, 100000, but this will prob
ably not be used as it would mean a
lot of what is known as red tape
The corporation will probably make
it's loans by an issue of bonds in
stead. Through this body the farm
ers may be able to sell their surplus
products to European countries and
keep the products moving. Really,
what the War Finance corporation
does is to aid che farmer who wants
to lend his products to Europe, to
be paid for as soon as Europe can
get money"
81 don't understand that, Uncle
Ted" spoke up Jack.
well, Jack, I'll give you an ex-
ample of what l mean. The banks
in the little country of Czecho-Slov-
aka and the industries there max
ing clothes wanted to buy from us
about 100000 bales Of cotton. That
little country Is strong from a bus
mess standpoint and is leader in
Europe when Il comes to reconstruc-
ton necessary since the war. She
saw a chance to sell cotton goods
made in her factories, IL she could
get the cotton. She could pay for
part of 1t in cash, and of course she
wanted credit on the rest until she
could make the goods and sell them.
This was a case where the War FL
nance corporation could probably do
something Just as congress intended
it should be done. II saw a chance
for the United States to help Czecho-
Slovakia, without cent from your
father, Johnny's father, or myself,
or any of the millions of citizens, in
time help the United States"
What happened?" was Ruth's
question.
when the terms OF the agree
ment were about agreed upon. and
right in the heart of the deal, Secre-
tary OF the Treasury Houston, order
err the War Finance corporation to
stop work. And he is the same man
who advised President Wilson to
turn down the resolution 90 start
this body working again"
"But 1t didn't do him any good.
did it?" asked Jack.
mo, II didn't, Jack. Immediate
ly after the Presidents message on
the resolution was read In the sem
ate a democrat, Senator Underwood,
got up and said: During the war
the War Finance corporation func-
toned properly and successfully in
aid of the business of the country as
we'll as of the government itself and
there is no reason, now, that l can
see, why 1t should not be able to
render as good service to our people
in peace as II did in war. II the
measure is properly and carefully
! carried out / can see no danger to
the country or to the treasury
cot course, children, II may be
too late for the War Finance corpor-
alton or anybody else to help the
| farmers on che sale of the crops they
harvested last fall. The republican
congress has acted as promptly as il
could, and with the opposition of the
president, so il nothing can be done
| to help the situation, we shall at
/ least know that congress did every
thing possible to relieve the stu
alton. Then. too, much will depend
upon the course that will be pursued
by members of the corporation APP
pointed by President Wilson"
NOTICE.
Douglas township Board of Trus-
| tees will meet on January IL, 1921,