The Glenwood post., 1924-09-25
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"oH, Is THAT so" said Jssk -
he, and Freddie we're found by Ulele
Ted, in the middle Of an argument.
'I suppose you think I don't know
what I'm talking about. What did
your party do for the farmer that you
should get 80 excited about 1T I
KNOW what the Republican party has
done and it is more than was ever done
before" apparently concluded Jaek.
"That's the boy,'' said Uncle Ted.
II don 7 want to get, mixed up in
your little friendly argument, but I
do have some interesting facts and
figures that I know you both would
be better off to know"
"Let's have them, please" said
Jack.
eyes, Uncle Ted," said Ruth.
Maybe Freddie will give in when he
knows what the truth is.'
"You see, kiddies, the Republican
party has always protected and helped
to develop agriculture, knowing that
without it our country would go to
pieces. From the very beginning it
has been the Republican party that
has aided the farmer. He has always
looked to that party for his legisla-
tion. As far as the present admins
tration is concerned, more time and
thought has been given to this sub
ject than to any other. The records
show that more needed agricultural
legislation was passed from March,
1921, to the present time, the period
covered by the Republican administra-
tion, than was passed in the last so
years That in itself gives you fair
ly good idea of the Republican thought
of the farmer.
Everyone who knows anything at all
about farm conditions, knows that the
farmers of the United States faced
utter ruin in 1921. Grain was sold for
less than it cost to produce it and
live stock was rushed to the market
at sacrifice before it was ready to
be slaughtered. The administration
realized that something had to be done
and done quickly. Immediate action
was taken, the first relief being in the
form Of an appropriation for $1,000, ,o0l
to hep the farmers Of the Northwest
to buy seed for the crops for 1921
From that time on one thing after an
other was done by the administration
to readjust farm conditions so that
today the farmer is better off than he
has been for many years.
''The first aid given the farmer was
in the form of temporary help and
~hlle this temporary help was smooth
ing out the 1aTmers' troubles as much
as could be. expected, more substantial
and lasting aid was being planned. The
thing needed most was temporary cred
it, The farmer needed money to buy
seed and machinery and pay his hands.
The War Finance Corporation, brought
into being during the war, was re-
vived SO that it has been able to
make loans since August "a, 1921. The
last extension was made at the sug-
gestion of President Coolidge before
the first session of the 6Sth congress,
SO that loans can now be made up to
December .31st of this year.
80 But this was not the only remedy
offered the farmers. Figures show that
the credits made available to the
farmers of the country by the Repub-
lican administration since March, 1921,
when President Harding went into the
White House, amount to $1,979,O50, 900.
This amount was divided as follows:
$1,000, 900 was made available to
be loaned by the War Finance Corpora
ton; $66O,0OO,0O0 was provided
through the intermediate Credit Bank
system, for livestock and farming oper-
ations; $56,OOO,OOO was added to the
capital of the Federal Farm Loan
banks; the working capital of the
Joint Stock>Land banks was increased
to 63,O50,0Oo, and $100,000,OO0 was
provided as working capital to run
the Agricultural Credits Corporation,
established to help banks make loans,
to the farmers.
''President Harding called confer