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Show Loans to Finance Agriculture in 1923 LOAJSTS of from $400,000,000 to $500,000,000 should be furnished by the War Finance corporation this year to assist in financing agriculture, according to Senator Capper Cap-per (Rep., Kan.), head of the senate farm bloc, who with other members of the senate and house has held conferences confer-ences with Secretary of Agriculture Wallace and with members of the funn loan board. The group of agricultural members, who are taking steps to see that agriculture agri-culture gets sufficient credit while the machinery established under the new law Is being put Into operation, have also conferred with directors of the War Finance corporation. "The farm situation Is more acute than last year because the co-operative associations are carrying a heavier burden of debt than a year ago," Senator Capper said. "We think the War Finance corporation should make all the good loans It can through the co-operrttlve associations. Most of the loans made last year have been paid off, but they were paid off at the end of the crop season and I when the cattle were marketed. The demand has already started anew. It Is my belief that between $400,000,000 and $500,000,000 should be loaned this season." Those who accompanied Senator Capper Included Senators Gooding (Rep., Idaho) and Sheppard (Dem., Ter.), and Representatives Ilaugen (Rep., Ia.), Davis (Rep., Minn.), Sinclair Sin-clair (Itep., N. D.), and Huddleston (Dem., Ala.). Following the conference with Secretary Sec-retary Wallace, the delegation visited the farm loan board, where a conference confer-ence with the presidents of the 12 federal fed-eral land banks was in progress. Charles E. Lobdell, head of the farm loan board, informed the senators and representatives that the new Intermediate Interme-diate credit banks would be organized without delay, and that everything possible was being done so that the farmers of the country will get the full benefit of the legislation. Under the new plans It Is expected that the Intermediate credit banks will be in working order before the. beginning of the summer. , |