Milford chronicle., 1923-07-13
UNCLE TED'S
BEDTIME STORIES
HOW REPUBLICANS HELPED
FARMERS

"I 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 a farm?"
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
operating a binder on the Kansas
wheat field. "And because of his ex-
perience when he was a boy he can
now better understand the needs of
the farmer today, and because of that
understanding 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 agr1-
culture was the nations backbone. He
also said:
4 believe, and have said re-
peatedly, that we must put the
land owning farmer back on
our soil, and provide for the
loan of the capital when nee
essar yto buy and operate
farms.
after he became President he
started to work out those beliefs and
the results are very satisfactory
What the farmers needed was credit
and a market for their products, and
that is what they are getting"
81 thought anybody could get credit
if they had property" said Jack. "All
they have to do is mortgage il"
THAT is true, but most banks are
not allowed to lend money for a long
time with mortgages on land as Sc
curity. Nearly all business men who
borrow money at banks have money
coming in frequently so they can pay
off loans in a short time. But, as Pres
ident Harding said, the farmer re-
quires a full year to produce most
crops; two or three years, even, in
case of live stock What the farmer
needed was a longtime credit and be-
cause the ordinary banking practices
did not meet the needs of the farmer
the Administration did several things
to help him and encourage production.
First they revived the War Finance
Corporation which loaned money to
the farm organizations. The War FL
nance Corporation was an emergency
measure started during the war and
kept up after the war closed. It's chief |
purpose was to loan money so far
mers could hold their crops and not |
be compelled to sell in a hurry at low
prices. The Federal Farm Loan Sys- |
tenn was instituted to loan money to /
help in the production of crops. After |
the crops were produced they had TO |
be marketed so a bill was passed to |
aid cooperative marketing of farm
products; freight rates were reduced
On many agricultural products; new
.ariff rates were made which protect
he home market against imports
rom foreign countries, and legisla-
ion was passed to prevent gambling
n future crops. President Harding and
Congress have done quite a bit to
safeguard the prosperity of the Amer
can farmer, don't you think?"
"Yes, Uncle Ted, but are they pros
)erous now?" asked Ruth.
"On account of the dehation pro-
ram of the Democratic Administra-
ion the farmers were pretty bad off,
,ut it was announced officially and
President Harding said in his address
t Kansas City that conditions were
o much improved that the farm pro-
ucts of the country for last year
1ere worth two billion dollars more
han they were the year before. And
will continue to improve,
Dr. the farmer has confidence in this
administration and knows that every
hing possible is being done for his {
rejection"
81 think it would be lovely to live
l the country all the time," announc-
d Ruth. "I always have such good
mes when 1 visit Aunt Mary" .<
eyes," replied Uncle Ted, ANYONE
-ho lives in the country is certainly
)rtunate 1t is the ideal life and it is
} be hoped more interest will be
nown in agricultural industry, for,
.ith a decrease in production, the ,
eople in the cities would be the ones
} suffer. OF course, farming means
ard work, but along with the work is )
le satisfaction of knowing ones SER 7
ce is helping humanity. 6