Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-06-12
THE CATTLE AND SHEEP INDUSTRY.

The livestock industry is of the most i'm
portant in the state. The amounts invested in the
business are relatively prodigous. Were complete
disaster to overtake this industry and these pro-
ducers be driven out of business, the state would
suffer collapse
These industries in imminent peril of
extinction.
In facing that situation (Which is undoubt-
ed facD we should face it calmly and courageous
and fight for a solution which will definitely pre-
vent disaster. This is no time for indifference on
the one hand nor panic and cowardice on the
other
1t will avail nothing for those outside this
business to thank God they are out of it, Our
affairs in New Mexico are too deeply intertwined
for us outside the industry to avoid business dis
aster in common with the livestock interests, if
any fatal trouble comes
The solution of this problem is a state question
of the first Importance 1t involves the prosperity
of every man, woman and child in New MEXICO
We must therefore join hands, in a most energetic
fashion, to solve this problem at once.
1t is also a question of deep concern to the
people of the whole United States. New Mexico
and the neighborng regions are the great live
stock breeding grounds of the nation If the breed
ers are driven out of business now it will be but
a matter of time until meat shortage Will race
the nation, with consequent boost in meat prices.
Time is important factor in meat production
The sucking calf of today is not meat animal
for at least three years Therefore calf and lamb
production must not stop or there will be a
meat shortage in two three years which can not
be remeded for several years while the young
stuff is bread and grown.
Senator Bursum, who thoroughly knows the
livestock industry, is to be commended for the
energy and intelligence with which he is attack
ing the solution of this matter We should all lend
him every support,
INN
One Of these is the matter of long time loans to
these producers. The other is to create an imme-
date market for such of their product as is now
ready to move to the hands of the feeder thereby
reducing their Indebtedness.
The people of the nation are concerned Spe-
cial help extended to these producers will not be
making them a special interest If anything be-
falls them the whole people will pay the penalty.
Therefore, all people should be concerned in doing
what needs to be done.
1t is proposed to revive the War Finance cor
poration in some form and have it loan $50 OOO-
600 to 5000 900 to stockmen long time loans
at reasonable rates of interest, using the Federal
Reserve system as fiscal agent,
No loan longer than four months is now sub
ject to rediscount in the reserve banks This eX-
tends little help to the whose product re-
qures three years to mature.
Men in the great feeding grounds of the Mis-
sissippi valley overloaded with hay, and
ensage for which they have market. They have
not the money with which to into our
ket and buy from our breeders the stock to
become their feeders. This help would extend to
them and they would be put in shape to buy.
All this is vitality important We must be
unit in pressing for this relief.
The Journal has objected to some things
asked for by the livestock men in the past which
1t believed would give them material relief and
would only shift the burden to other citizens
We heart and soul for this intelligent plan
financing this great industry in the interest of
all the people
Senator Bursum should at once receive letters,
aggregating many thousands, from all our people,
urging upon congress Immediate action.
Crying will not help. We should work, intel-
gently and industriously, III