The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1924-06-19

D''ns oack a balanced condition bs.
tween agriculture. industry and labor
wnicn was destroyed by the Demo
cratic party through an unfortunots
administration of legislation passed d
war time measures. -
I'VE affirm that under the Renub.
ncan administration the problems Of
the farmer have received more sar,ons
consideration than ever befure both INV
uennlte Executive action and nv con.
gresslonal action not only in the field
OF general legislation but also in tba
enactment of laws to meet emergency
situations. es-'~'
More Being Consumed Now.
The restoration of general prosper-
ity and the purchasing power Of our
people through tariff protection has re-
suited In an increased domestic con-
sumption Of food products while tha
price of many agricultural commodi-
ties is above the war price level by
reason Of direct tariff protection.
Under the leadership Of the Presi-
dent at the most critical time. cor
poration was organized by private can
ital making available $1O0,00O,OOO to
assist the farmers of the Northwest
In realization Of the disturbance
In the agricultural export market, the
result OF the financial depression In Eu-
rope, and approaching that the export
field would be enormously improved
by economic rehabilitation and the re-
sulting increased consuming power. q
sympathetic support and direction was
given to the work Of the American rep
resentatives on the European repara-
lions commission.
THE revival In 1921 Of the War
Finance corporation, with loans of over
$900,000,000 ayerted in 1921, a COM
>plete collapse in the agricultural in
dustry.
Financial Help Provided.
I'VE have established new intermedi-
ate credit banks for agriculture, and
increased the capital of the federal
farm loan system. Emergency loans
have been granted to drought-stricken
areas. We have enacted into law the
cooperative marketing act, the grain
futures and packer control acts; given
to agriculture direct representation on
the federal reserve board and on the
federal aid commission.
1--WE have greatly strengthened our
foreign marketing service for the dis
posal of our agricultural products. The
crux Of the problem from the stand
point Of the farmer is the net profit
he receives after his outlay. The proc
ess of bringing the average prices of
what he buys and what he sells closer
together can be promptly expedited by
reduction In taxes, steady employment
n industry and stability In business
One Cure for Depression.
'gThis process can be expedited d.
'ectly by lower freight rates, by bet
er marketing through cooperative eff
orts, and a more scientific organiza-
ion of the physical human machinery |
# distribution and by greater diver
of farm products.
1--WE promise every assistance In the
organization Of the market system |
N sounder and more economical lines,
nd, where diversification is needed, |
government assistance during the pc
iod Of transition.
Vigorous efforts Of this administra- |
Ion toward broadening our exports
larket will be continued. The Repub-
can party pledges itself to the devel-
pment and enactment Of measures
7hich will place the agricultural inter-
SITS of America on basis Of economic
quality with other industry to assure
IS prosperity and success. We favor
dequate tariff protection to such of
ur agricultural products as are threat
ned by competition. We favor, with
ut putting the government into busi-
ess, the establishment Of federal
vstem of organization for cooperative
Of farm products.
'The mining industry has expert
need a period of depression as the re-
lit Of the abnormal economic condi-
ons growing out Of the war. This adj
Illustration has accomplished much in
nproying the conditions affecting this
eat fundamental industry, and
edges itself to continue its efforts In
lis direction.
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