Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-06-11

passed for continuance Of the War
Finance Corporation. and nearly 800
millions were advanced to farming
communities: an emergency tariff
act On. leading grain and other prod
uets was adopted: legislation was en-
ACTED In q. so-called packers bill 70
protect the rights of the stock rails
err also one limiting dealings in
grain futures to prevent the farmer
from being the victim Of manipula-
tinfi: Is additional millions were ad-
vnnced for the Federal Farm Loan
Board: an agricultural credit act was
enth Congress. providing for both
the farmer IN securing credit, stress
ing perhaps too much the need of
facilities for borrowing, but still
far-reaching in its provisions. A CO.
operative marketing act was passed.
aS.beginning N the furtherance of
methods for organization and distri-
.bution which, It is hoped, will place
the farmer in the enjoyment of the
same advantages In narrowing the
gap between the producer and the
consumer as those enjoyed in. other
branches of endeavor. It cannot, be
too, strongly emphasized that in this
direction there surely hes the most
encouraging prospect for lettering
the condition of the agricultural In
terests OF the country. A private
ital was organized at the instance
OF the administration and has rem
dered substantial aid to the farmers
Of the Northwest
The Republican party has shown
its Willingness to,extend .liberaiity to
the last degree in the enactment OF
\ legislation which, will aid the farmer.
but 1t can not respond to impracti-
cable theories or accept measures
which will only aggravate the situa-
ton. Any artificial stimulus to
prices which are depressed by ir-
reSistible causes can only postpone
the evil day and add to the distress.
Inexorable' laws demand decreased
acreage lin certain staple products
! and a wider diversifi cation. Numer-
ous remedies proposed for relief fail
|. utterly when subjected to careful
/ analysis. II were to follow the APP
/ pealinS demands of my own feelings.
I would say grant tens OF millions
/ for farm relief. but no legislation or
subventions from the Treasury can
be effective to meet the case. 1t is
a condition which Is worldwide. due
to the sharp reaction from the I'M
4 precedented demands for agricul-
tural products which lasted during
the World War and for a time
thereafter. Prices are now out of
| line with those OF many of the COM
modities which the farmer must buy.
but so sure as the inevitable laws of
supply and demand are operative
this relation must, change, and the
time is coming when conditions will
be reversed and the course of migra-
ton between city and farm Will en-
perience a. revolution"
Establishment OF peace with Ger
many and the other former enemy
powers was also listed as Republic
can accomplishment together with
establishment Of a budget system.
reduction OF taxes, enactment of a
tariff law, based upon the funda-
mental idea that our labor and en-
terprise should not be handicapped
by differences between foreign and
domestic costs: passage OF act for
the funding. of foreign debts and the
funding Of the British and other In
debtedness;. reduction in the public
debt. and readjustment of foreign
rates. 49,.
.e:sfhe past at least is secure, ne
concluded In the future there Is no
lamp to guide so. safe as that OF ex-
perience and history. and the people
will =. surely repose their trust In
those principles and in that party
organization which has played so
preemfnent a part in the up-build-
ing OF the nation. and in the pros
petty and happiness of all its citi-
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