The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-06-03
NJ ADOO STRONG
N|THFARMER,
SAYSK|LE
Will Make Hard Fight for Their
Vote IT Nominated by
Democrats
By o. M. KILE.
downright. 1924.l

NSoPJElBAtb ASeH'I
Los ANGELES, Cal, June g.
William Gibbs McAdoo will make a
strong bid for the farm vote, pro-
vided, Of course, that he clears the
hurdles at the New York convention
and becomes the Democratic NOM
inee.
When seen at his offices here,
Mr.. McAdoo declined to make any
further statement concerning pend.
ing legislative or political develop
ments, but pointed to his platform
of principles set forth in a recent
Los Angeles speech, two-thirds Of
which referred to agriculture.
Mr.. McAdoo's advisers appeared to
be surprised and disappointed at the
suggestion that perhaps the aver
age farmer does not yet recognize
she former tunnel.builder, Secretary
of the Treasury and railroad admin.
istrator in the role Of true friend
and champion Of the farmer. It
seems that this latter has been the
chief angle Of approach in lining
up delegates throughout the West,
the Southwest and in the Dakotas.
It was admitted, however, that once
the nomination is safely tied down
in camp, an intensive campaign
would be made to acquaint the
farmer with the full story Of Mr..
McAdoo's efforts in the farmers be-
half during the Wilson administra.
ton and the record IL rather i'm.
posing, as set forth by his sup
porters.
Farm Bank Services.
First, Mr.. McAdoo claims intimate
knowledge of the problems Of the
farmers, by reason, in part at least,
Of the large series Of Investigations
0pd hearings he conducted through
out the country when, as chairman
Of the organization committee. he
helped locate and set up the twelve
Federal farm loan banks and the
farm loan system.
Second, Mr.. McAdoo claims to
have broken the grip of the Wall
Street banking ring which annually
forced up money rates just at crop
moving time. This he did, he says,
by calling conference Of Western
and Southern. bankers in 1918,
shortly after he came into office.
and offering to deposit with them,
rather than with the Wall Street
banks, the Treasury funds usually
loaned out for crop moving pur.
poses. Each bank received all It
needed and the interest rate was
held down.
When the question was up as to
what rates the farm loan banks
should charge in the various dis.
trlcts. Mr.. McAdoo stood out firmly
for the lowest possible rates the
country over, his former associates
In the Treasury Department insist.
Herbert Quick. the first chairman
OF the Federal farm loan board and
q leader in agricultural affairs IL.
Dy the way, firm supporter of
Mr.. McAdoo. The same NAV be
said of e.. T.. Meredith Of Iowa,
former Secretary Of Agriculture.
Against High Rail Rates.
Mr.. McAdoo denies that he in anv
way was responsible for high freight
rates. The Esch-Cummins law was
passed by Republican Congress-.
ne points out, and the real raise in
rates came after he had retired from
control of the railroads.
=, inc present tariff structure with
us resulting effects upon the farmer.
receives scant courtesy from this
FORMER member of the Wilson Cabj-
net. He is not free trader, but
ne would repeal the Fordney.Mc-
Cumoer tariff. He says: "If should
be elected President I shall use
eVery power Of that great office
% secure to the farmers of the
United States the benefits Of q
SOUND and just tariff measure" He
mas favored the principle involved
In the pending McNary-Haugen bill.
Recent suggestions from Wash.
ington that President Coolidge ia.
Vors former Governor Lowden-a
man active in agricultural affairs
70 be his running mate, gives added
evidence that the real battle in The
coming election is to be fought for
me me farmers vote, particularly in
the doubtful States Of the Midwest
and West. When, and if, Mr.. Nc.
Adoo gets his guns into action he
VIII be no mean contender for the