Milford chronicle., 1921-01-14
UNCLE TED'S
BEDTIME STORIES
REPUBLICANS VOTE TO HELP
THE FARMER


clothes, eat wheat bread, brown
bread, rye bread and the hundred and
one products from the farms if you
realize what conditions the farmers
have been and are working under to-
day?" said Uncle Ted while Jack and
Ruth were walking with him around
their grandfathers farm.
81 don't think about it at ALL" spoke
up Jack.
That's just it, Jack" replied his
uncle "The people living in the cit
les little realize just how they are
able to eat each day and what it
means to get the products of the farm
to them. The farmer is up against a
, serious matter but thanks to a Re
publican Congress they may now 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 the point
where the farmers found they had to
get help or face financial ruin, which
would mean a mighty bad thing for
everybody. The prices of farm pro-
ducts were high this year up until
the time when the farmer had some
thing to sell, when bang they drop
ped"
what will happen?" asked Ruth.
"Simply this, Ruth, would happen,
if help isn't given the farmer-the
country will suffer terribly, because if
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"
"Well, hasn't anything been done to
help them?" asked Jack.
Eyes, Jack, Republican Congress
working against President who re-
fused to sign the bill to help the far
mers, has succeeded in passing it over
his veto. This bill, or resolution, as
it is called, brings back into exis-
tence 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 Ag-
riculture Committee, was passed by
the Senate and the House some time
ago but President Wilson returned it
to the Senate with a message saying
he would not sign it. To make it a
law is was necessary for the Senate
and House to repass it by a two
thirds vote The very day it was re-
turned by Mr.. Wilson, and almost be-
fore the clerk of the Senate had fin
ished reading his message, the SEN
ate voted again and passed it over
Mr.. Wilson's head by vote of SO to
s. The next day the house voted on
it again and they passed it over Mr..
Wilson's veto by vote of $50 to Sc.
Work has already started on reviv-
ing the corporation and within a lit
tie more than a month they will be-
gin making loans. There il already
a balance to the credit of the cor
poration in the U. S. Treasury of
$375, 100000, but this will probably
not be used as it would mean lot
of what is known as red tape The
corporation will probably make its
loans by an issue of bonds instead. |
Thru this body the farmers may be |
able to sell their surplus products to
European countries and keep the pro-
ducts moving. Really, what the War
Finance Corporation does is to aid
the farmer who wants to lend his pro-
ducts to Europe, to be paid for as
soon as Europe can get money"
'I don't understand that, Uncle |
Ted" spoke up Jack.
'fWelI, Jack, I'll give you an exam
pie of what mean. The banks in
the little country of Czecho-Slovakia
and the Industries there making cloth |
swanted to buy from us about 300,- |
900 bales of cotton. That little coun-
try is strong from business stand
point and is a leader in Europe when
it comes to the reconstruction nee
essary since the war. She saw a
chance to sell cotton goods made in
her factories, if she could get the cot
ton. She could not pay for part of it
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 Finance
Corporation could probably do some
thing just as Congress intended it
should be done. 1t was a chance for
the United States to help Czecho-Slo-
vakia, without a cent from your fa-
ther, Johnny's father, or myself or any
of the other millions of citizens, in
the form of charity, and at the same
time help the United States"
"What happened?" was Ruth's ques-
tion.
'TWhen the terms of the agreement
were about agreed upon, and right in
the heart of the deal, Secretary of the 1
Treasury Houston, ordered the War {
Finance Corporation to stop work. |
And he is the same man who advised .
President Wilson to turn down the
resolution to start this body working I
again." s
"But it didn't do him any good, did {
it?" was Jacks comment.
"No it didn't Jack. Immediately af- ]
ter the Presidents message on the i
resolution was read in the Senate a 7
Democrat, Senator Underwood, got up
and said: During the war the War i
Corporation functioned prop {
erly and successfully in aid of the I
business of the country as well as of 7
the Government itself and there is no 7
now, that can see, why it
should not be able to render as good /
service to our people in peace as 1t t
did in war If the measure is prop I
erly and carefully carried out can n
see no danger to the country or to the I
treasury
"Of course, children, it may be too
late for the War Finance Corporation
Or anybody else to help the farmers
On the sale of the crops they harvest
ed last Fall. The Republican Con- 9