The Washington times., 1923-01-01
SENATE WIDELY
SPLIT OVER
CREDITS
Prospect of Long Battle Before
Agreement to Aid Farmers
Is Reached.
By j. BART CAMPBELL.
Internaasonal News Services.

By j. BART CAMPBELL,
Internataonal News Service.
The Senate started the New
Year badly split on the kind Of
agricultural relief legislation should
be extended the farmers Of the
country.
There were growing Indications
that beyond the extension Of the
activities of the war finance cor
poration, as proposed by Senator
McNary. Republican. Of Oregon, q
Iea1er Of the Farm Bloc" little
may be accomplished toward pro-
viding the farmers with more elias.
tic and liberal credits at this SEES
sion.
Irrespective OF party lines. the
Senate Is already divided into sew.
eraI factions 40 q result of the
wide divergence Of opinion In and
out OF Administrations circles as
TO the form financial cid for the
farmers should take.
Senator Arthur Capper, RepubIi-
can, OF Kansas, chairman of the
Farm Bloc, expressed the belief,
however, that Republican and Dem
ocrattc Senators from agricultural
States would be forced to agree
eventually upon some practical
method OF relieving the farmers
from the acute situation created
BY frozen" credits and ''tight''
markets.
Other Senators took an optimistic
view OF the situation because OF the
rising prices for wheat, cotton, wool
ana other basic agricultural com
modities, although Senator Capper
pointed out that continued high
freight rates, car shortages, in adj
equate foreign markets and other
Impressive" conditions were still
namper1ng seriously both farming
and livestock interests.
Trouble Root in Europe.
For more than two years Eu.
hopes disturbed state has been in.
creasingly felt on this side of the
Atlantic in our persistently de-
morallzed markets." said Capper.
Something must be done to restore
Europe's purchasing power, 20
make market overseas for Ameri-
can surplus farm products. Fifteen
Der cent or. our farm output must
1nd market outside the United
states II We are to save our farm
Industry and properly maintain on
own food supply. /
would be of immense and immediafel |
benefit to the agricultural West. /
NOW Europe starves, our surplus
products rot and without an ade. |
quaIe outlet for them, no practica-
pie means can be devised to re-es-
tablish the one industry upon
which our own national well.being
20 certainly depends.
II Is as necessary to take care T
OF and to dispose of our is per
cent farm surplus as it is to mar
ket the other IS per cent. The i
Of ALL"
The Senate Banking and Cur.
rency Committee is still striving to I
reach an agreement on an agricul- i
tural credits bill, but Senate opinion 1
- Tar apart on whether it is such
legislation the farmers need, or that
which would give them better and I
more profitable markets.
Battle Before Agreement.
The militant group of progressive
Republicans headed by Senators La /
Toilette Rep.) of Wisconsin and |
Brookhart Rep1 Of Iowa are insist
ent It is better marketing facilities I
the farmer needs, and they are
ready to line up against the pro-
posed Lenroot-Anderson agricultural
credits bill evolved by the Joint /
Congressional commission on agri- L
cultural inquiry and Endorsed by 1
Secretaries Wallace and Hoover.
Support Of the bill is expected,
however, to be pronounced in the
Administration ranks, although there
is another Senate faction which is
planning to swing behind the Capper
agricultural credits bill, which the
Kansas Senator drafted with the CO.
operation of Director Myers, of the
War Finance Corportion, and which
was Endorsed by the National Live.
stock Association.
The Capper bill would place the ex-
tension of further agricultural credits |
under the Comptroller of the Cur
rency, and indirectly under the Sec
rotary OF the Treasury and the Fed |
eral Reserve Board, which is exactly |
what La Toilette and his anti.Admin-
igtration associates are opposed to.
The Lenreot-Anderson bill would usk
the Farm Loan Bureau as the agency
tor meeting the needs of the farmer.
All shades of Senatorial opinion
agreed q hot and probably protracted
battle will be waged before anv
agreement is reached on any bill. In
the meantime, the ship subsidy bill
wiz continue to be tied in a legis.
lative knot.
ONE KILLED. THREE HURT,