The Cordova daily times., 1922-06-19
DISINTECRATlON IN SENATE
 FARM BLOC" IS DENIED BY
 SENATOR CAPPER, CHAIRMAN
By SENATOR ARTHUR CAPPER Chairman of the Senate Agricultural

By SENATOR ARTHUR CAPPER Chairman of the Senate Agricultural "Bloc"
 WASHINGTON, June 19.-The re- port that the farm bloc" is disin- tegrating because of differences over the tariff is without foundation. Mem bers of the "bloc" are taking an active interest in the tariff, but the farm bloc" as body has no part in the tar if fight.
 The fact is the farm bloc is more aggressive than ever in it's fight for a constructive agricultural program.
 Before the close of the present ses- sion of Congress it hopes to see a number of legislative measures to it's credit The first concrete achieve ment of it's present program was the forcing through the Senate recently of Senator McNary's bill extending the operations of the War Finance Cor poi aIlol uhIll July l, ioHo, WILL e' view to affording the farmers the fi- nancial assistance necessary for the marketing of this years crop.
 The McNary bill is first of several measures having to do with credit re- form designed to restore prosperity to the country by first stimulating and making reasonably prosperous the basic industry of agriculture. Credit reform comes first in the pro- gram of the farm bloc because it is fundamental
 "ABSURDiTY IS APPARENT"
 Members of the farm bloc and stu dents of farm problems generally rec ognize that agriculture is at the mercy of those who control credit and many in whom that control lies are not especially in sympathy, or not in sym pathy at all, with the aspirations of agriculture. Such men wish to con- tinue to control credit for their own selfish purposes and so affect to re- gard the efforts to provide adquate credit facilities for the farmers as class legislation. The absurdity of this is apparent, when one reflects that all other business enjoys credit facilities suited to it's needs, agriculture alone, with it's slow turnover being without a suitable credit system. Frequent conferences are being held by mem bers of the farm bloc with agricul- tural leaders in an endeavOr to per feet legislation setting up perman- ent system of farm credits.
 A first step in this movement is the enactment of the measure providing for the appointment of representa- tive of agriculture to the Federal Re- serve Board. This bill already has passed the Senate and has been re- ported in the House. This legislation will change existing law in single re- spect, by inserting the one word ''agri- culture" so that when appointing members of the Federal Reserve Board the President shall have due regard to fair representation of the different agricultural, commercial, in- dustrial and geographic divisions of the country" Such legislation cannot be properly denominated class legisla- tin, when the fact is that the lew creat- ing the present Federal Reserve Sys- tenn was class legislation to the extent that it embraced all other classes ex- cept the farmer.
 WOULD EXTEND CREDIT
 A third effort of the farm bloc is to enlarge and extend the activities of the Farm Loan Board. The twelve farm land banks now have applica- tions for loans amounting to more than S15O, O,OOO,OOO, but the funds avail able are wholly inadequate to take care of the pressing needs of the farmers.
 Besides this legislation relating to credits the farm bloc stands for and is pressing for a reduction of freight rates. The present level of freight rates is stifling business and must come down.
 State railway commissions must have restored to them some author, ity over the rates within the borders