The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-01-05
NEWS SUMMARY
OF THE CAPITAL
Call Issued to Farmers Organizations
to Participate in the Confer
ence at Washington.
NO CANCELLATION OF DEBT
War Finance Corporation Approves
Advances for Agricultural and
Livestock Purposes.

at the request of President Harding,
has issued a call to farmers organiza-
tons and allied industries to partici-
pate in a conference at Washington
on January 23 to Suggest practical
ways of improvement for the severe
agricultural depression which exists
throughout the land. Upon the heels
of this midwest congressman have an
nounced program to aid the farmer
which they say they will attempt to
push through before the spring adj
journment. Senators and representa-
tives from agricultural sections are
united for. the drive. They are jubilant
over President Harding's action in
calling farm conference, believing it
puts congress in a position where it
is bound to pass any measure which
would help pull the American farmer
out of the rut Here are some of the
proposals which will be taken up and
advanced without delay: Return of
power over interstate railroad rates to
the state railroad commissions, de-
signed to bring lower freight rates;
regulation Of cooperative buying and
selling associations among farmers;
longer terms and easier interest rates
for farmers under the farm loan act.
Senators interviewed declared that
the cancellation of the $11, 000,000,OO0
foreign debt, as proposed by Justice
Clarke of the United States supreme
court, is absolutely out Of the question.
Neither congress nor public opinion
in this country would tolerate for a
moment any serious proposal for the
cancellation Of the foreign debt" Sen
ator New of Indiana declares. "The
subject has been so thoroughly gone
into and the attitude of congress has
been made so plain on number Of oc-
casions that I wonder that anyone
should seek to reopen it now" Sena-
tor King of Utah says: "Justice
Clarke is entitled to entertain and to
express, if he so desires, his private
opinion regarding the foreign indebt-
edness, but congress and the American
people have long since made up their
minds as to whether that indebtedness
is to be collected or not. Justice
Clarke's opinion is not likely to have
any undue weight with congress or to
influence members of congress in the
stand they have repeatedly taken that
these debts must be liquidated sooner
or later by our foreign Debtors"
Imposition of compensatory duty
on flour, compared with the duty on
wheat, in order that the American
milling industry may be on equal
terms with foreign millers, was urged
on the senate finance committee by
James Ford Bell of the Washburn-
Crosby company, Minneapolis, on be-
half of the millers Of the country. Mr..
Bell also urged adoption of a draw
back provision in the permanent tariff
law that will permit the millers to
export flour equal in amount to that
of the wheat imported, with privilege
of retaining the byproducts in this
country. "The miller is not interested
in the duty on flour except that if
there is duty on wheat it should be
equal on -four" Mr.. Bell told the COM
mittee. "If wheat is free flour should
be free of duty. If there is a duty on
wheat the duty or -four should be the
rate of duty on wheat, applied to the
number of bushels used in making a
barrel Of flour from the wheat. To do
otherwise would give preference to
foreign manufacturers and foreign
labor at the expense of United States
Continued on page four)