The Birmingham age-herald., 1923-02-20
FARMS BLOC SEEKS
 TO FORGE BALLOT. ]. ON CREDITS BILLS.
Passage of Senate Measures in One Legislative Day, Plan of House Agrarian
 Leaders

WASHINGTON, Feb. 19.-(By As sociated Press. )-Farm bloc leaders in the House undertook today to force the issue on agricultural credits legislation. They obtained sufficient signatures to call for a conference of the republican mem bership but withheld it's presenta- tion to Chairmap Towner on the promise, they said that the barlllt4 committee would report out com posite bill within a day or two.
 They said also that arrangements had been to take up the legislation Saturday. The whole subject came up today in the rules committee and Chairman Campbell announced sub sequently that as soon as the bill was brought out his committee would report resolution gi' ing 1t right of-way. Passage of the legislation within single day was the plan.
 Representative Dowell, republican. Iowa, circulated the petition for republican conference and 1t was clear that unless the banking com mittee brought out a measure cover ing the general ground of the Capper and LenrootAnderson bills, recent ly passed by the Senate, the confer ence would be insisted upon. The question before it would be the dis charge of the banking committee from further consideration of the bills and early action in the House. Three Bills Reported.
 While the farm bloc leaders were preparing for what Representative Dowell said would be a show down with the banking committee" the House agricultural committee re- ported our three measures de- signed to aid the farmer. One, the Sinclair bill. would authorize an appropriation of s1O0,- corporation to buy and sell agricul- tural products in domestic markets and carry authority for the issue of $500 000,000 in bonds. A second, the Christopherson bill, introduced last July, would create the American stabilizing commission" with au- thority to borrow 500.000.000 from the federal reserve bank for the purpose of buying the surplus of wheat and corn, and thereby guar anteering stability to the market The commission, composed of the Secretaries of Agriculture, Labor and Commerce, would announce be. fore planting season oacn year the prices to be paid with minimum Of s1.50 a bushel for wheat and 75 cents for corn.
 Aid Wheat Grower.
 The third measure reported by the agriculture committee was the Little bill. which would create a $50. 900. 900 revolving fund to be used by the Sec retary of Agriculture to buy. store and sell wheat in such quantities as fa ctDt. L. price of $50 would be paid the producer.
 Members of the House banking commission said today they had been working steadily on the credits meas ure. but that the task had been complicated, because the legislation had come from the Senate in two pieces.
 Both of the hearings before the banking committee had been on the Capper hill. which would authorize formation under federal charter of agricultural credit corporations oper- ating with private capital, and it was indicated today that this bill probably would form the basis for the legislation reported.
 Need Recognition
 Under the measure agricultural would be defined. and it would be eligible for redscount at federal reserve banks on indorsement of member banks. Maturity would be fixed at as high as nine months.
 Aaron Sapiro of San Francisco. representing several cooperative marketing groups. told the commit- tee that the need for recognition of agricultural paper was pressing. He opposed the setting up of any new agencies by which the government would lend money direct 10 the farm CT, declaring all the agricultural needs could be met if the producer has access to the present credit fla 
 Prospects for the passage of any of the three bills reported today by the agriculture committee was said to be not bright. with the end of Congress only two weeks away. A special rule would be required to get them before the House and even if enacted there. action by the Senate still would be necessary.