The Princeton union., 1922-08-24
KELLOGG SPEAKS
ON LEGISLATION
Gives Outline of What Has Been Ac-
cOmplished and What Should
be Done in Future.
FARMERS WORK is
THE BASIC INDUSTRY
Farm Bureaus Work Lauded in Co.
operating at Washington; Lower
Freight Rates Essential.

In an address at Walnut Grove
Minn., recently, Senator Frank B.
Kellogg, home from Washington tor
a few days, told large gathering OF
farmers, fully 1000 in attendance,
what the present administration had
done for agriculture since March a,
1921. and outlined what plans had been
considered for farming interests in
the future.
AS source of information to a
large number of readers Of the Union,
who might not have had the oppor-
tunity to read Senator Kelfogg's ad-
dress, we are giving below general
synopsis of some of the main points
he brought out in his remarks.
In advancing the subject Of farming
as the basic industry, he said, "all
history shows that a nation founded
upon an intelligent, independent and
prosperous farming community, where
the people are proprietors of the soil,
secure in their rights and with hope OF
progress, is nation rising in the tide
of civilization. The farmers work IS
the basic industry. He takes the
greatest risks, and today believe his
returns are the smallest, though his
position in the world is secure"
Reviewing the legislation and ex-
ecutive action of the present congress
in aid of the farmer, Senator Kellogg
enumerated the following achieve
ments:
The emergency tariff law for the
benefit of agriculture, which placed
a tariff duty on farm products.
The law extending the powers Of the
War Finance corporation so as to
relieve the credit situation among the
farmers and provide foreign market
for their products.
Law appropriating $35,0OO,OO0 to
aid the Federal Farm Loan banks to
sell bonds at 51a per cent without any
increase in the rate of interest to the
farmer.
Cooperative marketing bill, au-
thorizing the farmers to organize CO.
operative marketing associations.
The packer control law.
The law regulating future trading
in grain.
Bill authorizing tie president to ap-
point a representative cf agriculture
on the Federal Reserve board.
Federal aid in the construction OF
highways, from which Minnesota has
been benefited to the extent of many
millions of dollars, thus relieving rural
taxpayers of considerable burden.
The senator stated that he had in
troduced many of the bills which con-
gress had adopted for the benefit of
farmers and that he had supported
and voted for the entire agricultural
program.
A year and half ago the Federal
Farm Loan banks were practically at
a standstill. Congress appropriated
$35 100000 for their use and now, he
said, these banks are loaning to their
fullest capacity. In Minnesota alone
since the banks resumed business in
June, 1921, $7,179,7oo has been loaned
and $3,597,700 by the Joint Stock
Bank"
"The bill which I introduced" he
said, "and which became law, ex-
tended the life of the Finance Corpora.
tion for one year, and provides that ir
order to create market for farm
products and to carry such products
until they are sold the corporation is
authorized to make loans. The cor
poraton has capital of $500,000, 900
and is authorized to borrow billion
dollars more. The total loans up tc
the first of July in Minnesota amount.
ed to $11,912, $780,"
Zone of the most important bills
passed by the last congress in aid o5
the farmers" he said, "was the CO.
operative marketing bill. I had the
honor of having charge of this bill be-
fore the senate. In this and in Other
work for the farmers, Senator Kellogg
co-operated with the various farm bu