The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1922-12-06
Planning For
Comprehensive
Agricultural
Legislation,
CONGRESS PREPARING To
ENACT INTERHyEDva aTtI
FARM CREDITS AND OTHER
LEGISLATION BENEETCIaI
TO AMERICAN AGRICJI..
TURE.

The Senatorial Farm Bloc will
occupy a commanding position in
the new Congress which conyenes
the first week in December. as a
result or the Nationwide Demo-
cratic-Progressive sweep Of the
country In the national elections
held on November 7th. The domi-
mating and controlling influences
whlch have been shaping national
legislation in behalf OF special In
terests will be forced to give wav
before the voice of the people who
are demanding that the basic prin.
clples Oh the Federal Constitution
pe more literally recognized by
congress in the enactment OF leg
islation. This is especially true
with reference to agriculture.
which is the great basic Industry
of the Nation.
Ihe program which is now being
prepared and fully considered for
pressing forward by the Senatorial
farm Bloc at the opening of the
december session of Congress COW
ers the following vitally important
agricultural legiSlation:
L. Comprehensive system of
intermediate Farm Credits.
Z. Increasing loan limit nv
federal Land Banks from $4,000
to $4,000.
3. Readjustment OF railway
freight rates.
4. Lower interest and Federal
tax rates.
This comprehensive program OF
asrarian legislation could oe still
1urther broadened by creatine
statutes for the announcement Of
crop and livestock insurance 80
'nat farmers may be safeguarded
against climatic and other losse,
"liectlng their crops and livestock
over which they have no control
Inc senatorial FARM Bloc "a n
result or the recent elections will
oe greatly strengthened and the
same conditions will prevail as
result or the large number OF new
Y-elected members of the House
ot representatives. There has de-
Veloped strong coalition of tha
south and West in Congress uno,
strictly non-partisan noIItical
OASIS FOR the enactment OF Federar
eei"ia'ion necessary for the salts
oiy rehabllitation of American
agriculture and to make permanent
the future prosperity and content
ment OF the farmers.
W: p. G. HARDING FOR Gov
%nNoh % OF THE FEDERAL
RESERVE BOARD ELI,II-
NATt1D FOR REApPOINT-
MENT.
Inc President has definitely de-
'rrmined, it is now reliably report
ed' not to reappoint w. p. G.
harding as Governor Of the Fed
eral Reserve Board. His confir-
nation would be impossible by the
senate and the President has Weld.
ed TO the widespread demand OF
me people for the appointment OF
u Governor Of the Federal Reserve
hoard who will be more represen-
'atl'e or the agricultural and con-,
iherclal business OF the nation.
The control of our national IL
hancial policy by plutocratic bank-
ing interests is destined to receive
hard Jolt when the new Con-
sfess comes into power. The unre-
strlcted right of half a dozen men
Influenced by powerful banking in
'erests to contract or expand the
c'eolts and currency of this nation
at Will. regardless Of the general
welfare Of agriculture and busi-
ness will no longer be tolerated
Inc people of this nation will no,
again stand for a period OF intense
artificial deflation such as wa,
torcibly thrust upon them in 1921
and 1921.
Retiring to private life those or-
ticials most responsible for the
cataclysm Of wreck and ruin tho,
swept over this country like
"''herins fire. will not be accept
able. Demand will be made for
the enactment Of SUCH legislation
rs VIII render impossible a recur-
renee or such conditions. With
louf million American soldiers dis
satisfied about bonus legislation.
and with millions of farmers and
labor unon members sdiseontefted
what they believe to be righteous
grievance, the@c creation. Of a. third
political party by the analgama-
ton of these three great interests
Is being freely discussed unless re-
lief Is obtained through the pres
ent dominant. political parties.
- .Nr.' r.. - ., g.. ="
. Aside from the building up Of a
big political machine Of office
holders. the Goverpment has done
but little for the real beneficial
welfare of American farmers The
Federal appropriations for agri-:
culture each, year are hardly more
than one-half.. Of one per cent Of
. ~. ..:-. D.. .'.. O."
%. O., =. -.,.' ..'' ..'. 90.