The Glenwood post., 1923-07-19
uaele 1ed's Bed Time Stories
Current Events for the Children
and Grown-ups, Too
HOW REPUBLISANS
ISANS
HELPED FARMERS

81 didn't know the president OF the
United States knew how to cut wheat,
said Ruth.
".of course he does,' replied Jack,
"wasn' t he raised on farmf"
"You re right, jack" said Uncle
Ted, who had returned with the chill
dren from the movies where they had
seen pictures of President Harding op-
Grating binder on the Kansas wheat
field. "'And because of his experience
when he was boy he can now better
understand the needs of the farmers
today, and because of that understand
ing he has been of great help in the
past two years in putting agriculture on
a paying basis.
"You know, much depends upon the
prosperity of the farming industry.
Several years ago while he was yet
senator, Mr.. Harding said that agricul-
ture was the nation s backbone. He
also said:
Il believe, and have said re-
peatedly, that we must put the
landowning farmer back on our
soil, and provide for the loan Of
the capital when necessary to buy
and operate our farms
''After he became president he start
ed to work out those beliefs, and the
results are very satisfactory. What
the farmers needed was credit ana a
market for their products, and that is
what they are getting
II thought anybody could get credit
if they had property" said Jack. CAN
they have to do is mortgage it,
"That is true, Jack, but most banks
are not allowed to lend money for a
long time with mortgages on land as
security. Nearly all business men who
borrow money at banks have money
coming in frequently 90 the
can pay off loans in short time. But
as President Harding said, the farmer
requires full year to produce most
crops; two or three years, even, in
case of live stock. What the farme,
needed was long time credit and be
cause the ordinary banking practice:
did not meet the needs of the farmer
The administration did several thing:
TO help HIN and encourage production
First they revived the War Finance
Corporation which loaned money to the
farm organizations. The War Financ,
Corporation was an emergency messur,
started during the war and kept Il,
after the war closed. Its chief purpos
was to loan money so farmers woul,
nod their crops and not be compelled
TO sell them in hurry at low prices
Inc Federal Farm Loan system was in
stltuted to loan money to help in til,
production of crops. After. the crop
were produced they had to be market
ed SO bill was passed to aid co.oner
ative marketing of farm products
freight rates were reduced on man,
agricultural products; new tariff rate,
Were made which protect the hom,
market against imports from foreign
countries, and legislation was passed
TO prevent gambling in future crops
President Harding and congress have
done quite bit to safeguard the pros
perity Of the American farmer, don ,,
you thinkg"
Yes, Uncle Ted, but are thev pros.
porous now?' asked Ruth.
ION account of the deflation nro.
gram of the Democratic administration
tne farmers were pretty bad off bnt
IL was announced officially and Presi.
dent Harding said in his address at
hansas City, that conditions were on
much improved that the farm products
OF the country for last year were worth
Two billion dollars more than thew were
the year before. And conditions w I,
continue to improve, for the farmer has
confidence in this administration and
Knows that everything possible is be.
ing done for his protection.o
- think it would be lovely to live
IN the country all the time,n annouuc-
ed Ruth. 81 always have such good
times when I visit Aunt Mary.u
Yes,' replied Uncle Ted, "anyone