Show This Week In Washington D. D C. C A As one result of oC the thc Presidents President's trin th mil i h th tin tho in h r the and his conferences with Governors of the tho stat states s affected affect affect- ed more morz consideration than ever eYer is bein being given to t rm ard rd a- a e tion lion of th the Western Vestern farm The President has appointed two con committees of government gc experts one ono of which is ig to stud study th the lee question question ques Clue tion of crop crap insurance e for farmers armel'S and the other the possible p programs pr-grama for in emo t cf land ue in the dry area They arc to report to the tho President by b by January 1 The recommendations ef of the thc Great Plains Drought Committee Committe Germ form the tho thoI bash basi for the studies which the thc President President President I dent has request requested d. d Included are the tho recommendations s for a systemic system of water water water wa wa- ter cO going back to th lh thI headwaters of the smallest tributaries I les ies f every ever s branch of the great I rivers which was outlined b by p Gov Landon of Kansas in a recommendation I dation dalion sent to Washington n in ill 1931 and wh which Mr found atthe at atthe the thc conference of Governors in fn Des l 8 tallied with the Drought Committee ideas idea The indications therefore there re as Washington sees secs them are that who whoever whoever ever eyer is elected President Pre on au NoI Nov No 3 will malta males every possible effort to toward toward to- to i I I ward the development de of cf water stor- stor storI age systems system In the thc dr dry country That this would ba be a complete so SO- solution lut lution luton on of thc tho farm problem nobody professes to believe but hut It would go a l ag way war toward preventing a a. v repetition of or the thc distress which recent re re- reedit edit cent droughts have haYe caused Farm L c Another topic which has aroused 1 I Ia j ja a great deal of or discussion here is the I question of the position of oC the big insurance companies It is regarded as somewhat unfortunate that this should have been Injected partisan politics in iu the tho heat of the campaign I Ib b by remarks s of the Republican I candidate Vice Vice President President Col Frank Knox to the effect that if the mho present tendency toward inflation continued everybody's e life insurance policies or saving baul accounts would bo ho reduced in value The Thc an- an I part is that this lias tas been I I taken luken in il uninformed quarters to I mc mean n that Mr l Knox x believes that I I tho the nce companies and the I savings barks balks Ire are not ii 11 a sou sound nIl I n. n I I President Roosevelt's summoning I Ic c cf r seven senn life liCe insurance presidents to j i the rho White House was not a result I of Col Knox's statement The l in j for them to discuss the whole lr ir situation had gone out b bs- bs the Vice President candidates candidate's I I speech What Mr 11 ll with wilh tho lie insurance men mea was mainly the subject of mortgage loans esp especially Ion I on farms properties in which a high hiSil percentage of Insurance company n n- n Continued o oz ou last page I This Week in 1 Washington 0 D. D C. C Continued from flom page one vestments vestment's are made It was an ex ex- talk for the of seeing seeing seeing see see- ing whether the way might be open to some se-me sort eort of an agreement u upon on keeping loans levels at a reasonable 3 relation to to- the earning power of farm properties rather than on the basis of their possible oss ale sale value It Is generally recognized zed that tI a great deal of the farm mortgage e difficulties in the tho West Vest have their roots ro In mortgage loa loans boars s made on the highly speculative values that I prevailed Pe during the early and middle mid die dle dIe The Economic Situation It is 13 not wn that the the subject ct of inflation was discussed by the President ent and the ir I urance h heads ads It Is being discussed though by those tho-se concerned with the economic future And It is known that tho ho system under which h the Government loans from the has been m making I o ot increasing I bank has resulted 11 In the present nt ability abi ahl- pres I bank ci credits edits 1 beyond utilize such cre cre- credits lity of ot business to I dis profitably I of or When h en a n. bank takes Government bonda and In effect account for the opens a checking value orthe ot or Government ll to tho the tho d dollar means that the b bond and purchase that In the form of or ba bank new news money This new created credit has been money is ch cheap ap money in the sense that there Is more of or it than n there thero is isa isa a current demand for an and cheap money always means meang high prices There Is nothing In the present situation to indicate that this form of credit inflation wi will continue without limit and there are are arc gr grounds for expectation that safe and profitable profitable profit profit- able uses for most of this new w Credit credit cre tre dit will willi be found before long by business and industry thus warranting warrant warrant- ing the banks banks- in broadening their loan policies Election Outlook Naturally Washington Va Is more In Interested interested in- in ter s d in inn the presidential cam campaign cant cant- pain than In n any any other cue une subject subject subject- Most 1 of ef the election talk heard here Is violently partisan on one one side or orthe orthe orthe the other and Is uttered for its po pos pos- i sIble effect upon voters voter Imps 1 i analysts now are advising that ft tt j. j y I impossible ihle at this time to mak make 1 forecast of I Intelligent the Out rn which almost all agree Is la likely to be he vcr c c close ose In iu the matter very of ot el ei Eld r toral votes It seems probable le that n I rl like a definite forecast passed aye I positive indications can bet be t I much before the third week ot of o ext I t I |