, 1922-10-12

under which the Farm Loan Board
had its working capital increased To
approximately S55,0O0,000. He has
been very active in helping to secure
the benefits of the act for the farm
ers of Wyoming.
Packer Legislation.
Early in his service Mr.. Mondell
supported legislation providing for
regulation of the packing industry and
the inspection of meats in packing es-
adjustments. From time to time there
after there was agitation in both the
House and senate for further legis-
lation placing the packing indus
try more completely under Govern
ment regulation. In certain quarters
this agitation took the form of the APP
prevail of extreme measures of Gov
eminent management and control of
IL character the unwisdom of which
was abundantly demonstrated by Il
experience during the World War.
This radical attitude was particularly
strong in the Senate. In the House
there had continuously been IL more
moderate view as to what was likely
to prove useful and helpful and these
two views were so divergent ms TO de-
feat legislation. After the election in
lF-O IL. loiiut 40 III VI III
early acts of the new Congress the
consideration by the House of Repre-
s%entatives of II practical. workable and
effective bill for the regulation of pack-
ing and allied industries. Such II bill
was considered very promptly after
the converting of the Congress, and as
promptly passed. 1t e to the Sen
ate, where the more radical legislation
which had beer urged in that body
was substituted for the House bill. ON
the floor of the Senate, however, the
Senate substitute was in the main
stricken out and the House measure
restored, and in conference practically
|. the last vestige of the extreme enate
views disappeared, and the bill as ii
became n law was in substance and
essence the House bin. 1t has proven
II practical and helpful piece of legis-
lation.
Agricultural and Live Stock Loans.
Very early after the converting of
the SiXty-seventh Congress il became
apparent that some method out of the
ordinary must be inaugurated in order
to saw the agricultural and live stock
interests of certain sections of the
country from bankruptcy. President
Harding and his advisers early took
the matter into consideration and va
rious plans of assistance through the
help of official agencies We're sug-
gested. While these matters We're I'M
der consideration the Secretary of the
Treasury, with II view of affording
temporary relief until more perma-
ment measures could be adopted, en-
couraged the organization among the
bankers of the country of what was
known rs the live stock pool. with u
view of loaning about S5O.OOO,00O to
the live stock interests of the country
to furnish immediate relief, In the
meantime, it had been PROPOSED by
some that legislation be secured for II
S50,0OO.O00 loan from the Treasury,
but his plan involved so many diff
cult questions and the sum proposed
was manifestly so inadequate, that the
administration continued to consider
plans of less questionable character
and which it was hoped would afford
abundant relief.
The War Finance Corporation,
which had been organized during the
war, primarily with Il view of aiding
and stimulating exports. was the nat
ural agency to turn to in n matter of
this kind, but the Wilson administra-
ton had practically put the Wal
Finance Corporation out of business.
After much discussion, il was pro
posed to revive the Wal Finance Cor
poration and to give IL abundant au-
thority and funds to meet the stiua-
ton. To this plan Mr.. Mondell gave
his enthusiastic support and assisted
greatly in its contamination, and since
the enactment of the law has been
very active in assisting his constitu-
ents in securing the benefits Of this
institution. Up to date Wyoming has
secured loans amounting to over So
000, 100000.
Antl-Grain Gambling Bill.
FOL years the Congress has consid-
cred the question of limiting or abol-
ishing the practice of gambling in
grain futures, hut 1t was impossible To
secure legislation on the subject he
cause OF the wide range of opinion.
In this, as in the matter Of packer leg
islation, the House of Representatives
bad taken a moderate view, as com
pared with the radical view held by a
small coterie In the Senate. All at
tempts Mt legislation came to naught,
As in the matter of the packing leg
islation, Mr.. Mondell early in the be-
ginning of the Harding administration
urged those interested in this legislu-
ton in the House of Representatives
to prepare their bill promptly and
promised support and prompt consld
GRAFTON. A bill taxing contracts for
the sale of grain for future delivery,
and options for such contracts. and
providing for the regulation of boards
of trade, and for other purposes was
promptly reported and passed. and in
luz time became Il law. Its Influence
in strengthening and stnbllizing grain
prices has been marked.
Mr.. Mondell warmly supported the
bill authorizing farmers md ranchmen
to form associations for the marketing
and selling of their products without
being subject to the pains and penal
ties of the antitrust laws. The pns-
sage of the beneficial bill was long de-
lnved In the Sennie hnf II cvnnlnnn,.