, 1922-07-20
Ap EREEkE BEy'' RS$$x
Points Out that Tariff and War fl
nance Acts have Saved
Farmers and Stodkmen

How achievements of the present
Republican congress, working in
close cooperation with President
Harding and the national administra-
tion. have kept this state from fin
ancial disaster was related by Frank
W. Mondell. majority leader of the
House of Representatives. in an ad-
dress at Lander Tuesday Of this
week at a district conference Of g.
o. P. leaders and other active party
workers.
1.-TWO acts of this congress have,
in my opinion, saved the farmers
and stockmen Of Wyoming and the
west" he said. Had 1t not been for
the emergency tariff and the amend
ment to the War Finance Corpora
ton act it probably would have been
impossible to prevent those two in
dustries from going to the wall.
Farm Products Advancing
1.-THE emergency tariff law.
passed shortly after the Republicans
took charge, had an immediate
s%teadying effect. The bottom had
dropped out of the prices Of agri-
culture. If the drop had continued
much longer there is no telling how
serious the situation would have be-
come. But the new law checked
further reductions. and gradually
prices ION livestock, wool and farm
products began to advance and are
still advancing.
Everybody out here is familiar
with the work of the War Finance
corporation. 1t has advanced near
ly $1,000, 900 to Wyoming people.
and its loans have been we'll secured
and made in a business-like way.
The work of the corporation has
Aoo- ho1oPr1 fo a vnocf o~tron rHin orv
degree.
Makes Unequalled Record
mo other legislative body has
ever enacted so much beneficial leg!
~islation as this congress has since
1t was called into extraordinary ses-
sion Is months ago. Six hundred
bills have been passed by the House.
an average of something like two
and a quarter q day. We have put
a tariff bill, a bonus bill. a bill pro-
hibiting gambling in grain futures,
and an a~nti-lynching bill. among
many others Of like Importance.
I'VE have now before us. and hope
to see enacted before final adjourn
prove to be for this part Of the
country the most important piece Of
legislation that so far has not ad-
vanced beyond the first states Of
consideration he continued.
"That Is the measure for long
time credits for farmers and ranch
ers. Much has been done to relieve
the agricultural and live stock stu
ton, but still more is needed. and
that additional help will be sup
piled by this congress in my opinion.
Billion Dollars Saved
1.-The year just closed might be
referred to from the governments!
standpoint as the billion dollar year.
The administration, working In
close cooperation with congress has
called in and cancelled more than
a billion dollars of the governments
bonded indebtedness. Beginning
January /. the tax burden will be
lightened by nearly a billion dollars
for the year. During the fiscal year
Just closed the expenses of govern
ment were reduced by more than a
billion dollars - approximately ST.
800, 900 900 to be more specific.
That is a considerable sum to ex-
tract from the expenses Of govern
ment' in just n year. And al
ready It has had, and will continue
to have, a very decided helpful effect
on the business Of the country.
Confident Of Victory
"Since arriving home I have OBJ
served that Wyoming prospects are
picking up. The people are feeling
better. We have not been very COM
Portable since the war. but we are
getting back on to the sunny side."