Show VS r vill fig 1 ae a 8 fal 4 J no S viey diey MS B financial relief measures for farmer five steps W washington for tho the relief of tile alio tural situation tit in the northwest some to bo be taken by eon congress gress some by tile the executive branch of the government and some by private interests were outlined by resident president coolidge in n a special message to congreso con gresa the steps include tile refunding of tile the pressing past tile due indebtedness of tile tho farmers in the alio territory most seriously affected financing assistance through a federal agency ogency to enable wheat fa banners to ninko make the change from a single crop system to diversified far fanning tiling the restoration wherever it would 1 be e helpful of the impaired capital of hanking banking institutions in the distressed sections the creation by private capital of A substantial financing corporation to assist in the plan of re reorganization zat toil the extension of tile time during which tile the finance corporation can make loans mr coolidge told congress that these were measures by which without undue ularm or agitation but nevertheless promptly and effectively we can bring to bear on an a serious though happily it localized emergency ejner gency every resource of the alio federal government ail and all the assistance which the business and farming community can render 11 the economic situation in wheat growing sections of the northwest tile Il president resident salti said la is reaching nn nil acute stage that lint requires organized operation cooperation co on oil the part of the federal t and local institution of that territory for solution lie ho also said among other things it appears to tile me that it Is essen 7 bial that the large business concerns such as transportation the inoru stable banks not only in tins this territory but in adjoining states who necessarily benefit front from the prosperity of those areas should in their own interest extend tell a very large nic measure asure of tit aid in remedy of tills this situation and that creditors oven even further alfeld sueh such its ari our insurance companies anil and others should operate cooperate co fully it may bo be found to bo be advisable to create new financing institutions such its as have been organized with great success in the livestock live stock territory to co operate with the war finance corporation po ration the government cannot supply banking capital nor can it organize loan companies but it can properly call upon these large business concerns cerns tile rall railroads roads the mercantile establishments the agricultural supply houses and nil those largo large business establishments whose welfare la Is immediately connected with alib welfare of the farmer |