, 1922-06-29
STOCK loan ACT
ASSISTS FARMERS
war FINANCE EXTENSION Law MEANS
ADDITIONAL RELIEF f0R THE
FARMERS And ST0CkllEK

With the bill extending the pow
ers Of the War Finance Corporation
lsigned by President Harding. that In
stitution now stands equipped and
ready to handle loans to the stock
lmes anAS farmers Of the west for ans
other yeAr after July 1.
This news has had an encouraging
eldest on the stockgrowiRg and
lAsxtenltural interests OF wyoming
,nS11 h8 infused new hope In the
!eouk Of the people most directly
concerned. II means the continu-
lance OF the special agencies or
eanixed In this state to make recon-
mendations to the federal authorities
ut Washington, and 1t means that
times will continue TO grow easier.
As = result, . spirit OF genuine optim-
ism over prospects for this year
and next prevails throughout the
state.
Nine Millioa Loaned Here.
Livestock and farming interests
have received through the Wyoming
loan agencies of the corporation
total advances of nearly $4,000, 900.
lof which there has been repaid to
the government more than $500. 900,
and all this has been done since the
work was started here last fall. As
has been pointed out. while there has
been considerable improvement in
conditions since these funds were
IN extension Of the service Is highly
desirable.
Word received in Cheyenne from
the national capital says congress
now has under consideration the
matter of legislation along compre-
hensive lines for the permanent re-
lief of these two industries, and
that the necessary laws will he en-
acted as 500 as the details a be
properly worked out and checked
up. Among these will be an act for
a general farm credits system.
Republican Responsibilities
These problems have been re-
ceiving the attention Of the present
national administration as a whole.
and the two Wyoming Republicans in
the two branches Of congress have,
as usual, played leading roles in
bringing about their solutions. In
appearing before the House Banking
and Currency committee the other
day. Congressman Mondell made a
strong plea for the passage of the
bill giving another years lease Of
life to the government loan con-
Germ.
1.-THE War Finance corporation
rendered excellent service during the
war for the purpose for which It was
constituted. shat Of aiding exports,"l
he said. II am glad to say that It
has been more successful and more
useful in its activities in rendering
said and assistance to the .agricul-
tural and livestock industries of the
country. The corporation has been
managed with judgment and con-
se-vatism. and It's useful and valu-
able service has been rendered along
sound and sane business lines. I
have no manner Of doubt that the
advances which have been made will
be repaid without more than the
usual losses in Commercial transac-
TONS"
More Relief Coming.
Sup to this time much has been
done In the building up of banking
institutions on behalf Of commerce
and industry in general, but we have
not made adequate provision for
that class of credits that the farmer
and stockmen, the ag%riculturists in
the broadcast sense Of the word, need
and require. I have confidence that
the committee OF Banking and Cur
rency. a committee that has proven
its sound judgment and good sense
in this congress, will bea BILE to bring
out a measure for agricultural
credits that we can all of us sup
port"
u