Albuquerque morning journal., 1922-11-23
To
PROVIDE RELIEF
FOR FARMERS IS
CONGRESS- PLAN
Lawmakers From AgricuI-
turai States Plan to
Broaden Nations Credit
System as Harding Urged
BILL IS INTRODUCED
BY SENATOR NORRIS
Proposes to Create a Gov
ernment-CapitaIized Cor
pOratiOn to Buy and Sell
Products of Farms


Washington, Nov. 22.-EnCour-
aged ny the recommendation OF
President Harding in TUESDAY
message that the nation cfeult |
systems be brOadened 10 pfoNiuS !
relief for the farmers, menlpefs VI
congress from the agricultural
states today inaugurated steps 10
bring about enactment OF r9ral
credit legislation before lne Gnu "a
the present congress next March.
Developments at the outset ~ e.,
tered larsCly in the senate anu I u
cluded Introduction or pIli ~
Chairman Norris OF the aSrlcultuIe
committee fer creation Oh sot
ernment-capitaliZe corporation
buy and sell farm produels' an au
dress in the senate ny SellaLoi
Ladd, republican OF Nofth Ia hota'
warning against enactment OF ~
raj credit legislation baseu Oh tiis
federal reserve system ana coll
ference between IS senators liolli
the livestock growing states any
Committee of the American Ma
tional Livestock ASSOCIATION a.
which the draft OF new cleu4'
bill was discussed.
Senate Bloc to Mcct
These Developments, lo5etilTi
with statements by leadefsi lluI
Gated that the passage VI Iui"'
credit legislation would occupy
foremost place on the prosialil an. %
the agricultural bloc me sGHa'c
members OF the ploc "lil 49, ,yr 90,
first meeting of the session heA'
week aud at that time VIII en-
deayor to agree upon I, plo5laIn.
The bill presented py 9eiideoi
Norris for d farm proaucls COT
poration is similar TO lneasute
offered b. the agriculture collliialt -,
tee chairman at the last session, pu'
which was supplanleu DE lest2ie &c,
tion extending the ne " tilS g.
Finance corporation ana us puMt
ers in the furnishing OF astleut'"'"' 90
| credit until nest june ~
Senator Norris Woulu nav Wy
ated a co porauon VIII 1il.'-Nt
/ mum caplttl supscIipeGu M ~ Wy Sgt AZ.
/ eminent OF $lVUVV''VVu Ir1 ~
rectorate Cf thfee lheillpelS' ,tS ,tS
! secretary u asr rlLuitutS astaa,,f -
| others appointed Wy tlS p,,,I ~
I The cOrborauoni IN pllel Mouiu
authorized to acquire eleNatois , t'ItN
warehouses; 10 Duy lailh -
| in the Jrlted states anu ~ 9Gi'
! them eith,r IN tnis eouhllS Va
abroad, ana 70 operate uiieil''l ,,,,,,,, w. ~
governme { tonnage III we e"t rEo
ing of products OF the lal u -
measure was referred " Holi"'o'
Norris committee.
Aid tor Stochiheh ~,
The bill presented Dy tlle ~
tional Livestock aSsotlatioI I'm, IN.
mittee to the meellIs oL aei'"vo,s 80
I IN the ilVestoch -" 9t''VT T., oon-
/ drafted y the cofninlttec' ~ 1on
ference wan war tIIduGe W ~ ,.i
alton officials ana Is desls i'eu p
| marily to ald the AFestocA p,o
! dLcers, althouBh commute a,.i5o iaic'iI
| bers argued IL also Woulu pn,I,'a,,I -
reliet Tor farmers - eii"o it., ~. -
or the passage Oh lGslsldtloii S :, ,,i,,i,, 10
ing simila" features Ffeu D. DiHpHi aaiii
president oil the ASSOCIATION, @ toio
! the senator's was necessary W &C. &C.
| the livetock producers Vi Ine -;
Senator Capper, fepu@DlLean @
Kansas, VINO presided at Ne me-
ing, Will introduce the Dl1i 'olliot .,,a
row and 1t Is expected " Ssoo 5i,so
with other measures hoW -i. pautlS fa@
! or TO be introduced, as d T"ola ,,T5 -,
credit leglslatlon' INC p,iI w ~
| entail no use Oh Ieutial sn+ t"iiu +ian