PROCEEDINGS CORN BELT MEAT PRODUCERS' ASSN. 591 



selfishly if you wish, because we are all selfish creatures, but some time 

 ago I was in Washington in the interest of some legislation and I said to 

 a congressman, "I wish you would support this bill, because it is a real 

 good bill," and he said, "Andrews, would that be of benefit to me in my 

 district?" I said, "Yes, sir, it would be of direct benefit to you, because 

 the bankers want it and they are pretty good men to have around on elec- 

 tion day." And then he coughed again quite deeply and wanted to know 

 if I thought it would be a benefit to the party in Iowa, and I said yes, it 

 was a pretty good bill for them, and then he coughed three times and in a 

 low voice said, "The bill has merit, and it would be a real good thing for 

 the country, would it not?" (Laughter.) That is the way a good many 

 politicians think about affairs, and we have cataloged them in the same 

 way. Let us look at the situation in Iowa from a selfish standpoint, and 

 then for the State. In order to help ourselves and help Iowa, we have got 

 to do everything possible for better farming financing in this state. That 

 is of direct personal interest to every man in this room, and, further than 

 that, it has a direct personal interest to your state. Why? Because Iowa 

 has had the reputation for many years of being the very most conserva- 

 tive state in this L^nion in a farming way. It was just a few years ago 

 that we had two members in the president's cabinet, two speakers of the 

 house, Allison, the chairman of the leading committee in the senate, and 

 incomparable DoUiver, chairman of the second committee in the senate. 

 Back in that day every man and woman in Iowa was proud of the state for 

 the great standing we had directly in the affairs of the nation. That was 

 a personal triumph for Iowa, but since that time we have kept that posi- 

 tion — not having so many men in prominence in the political life in Wash- 

 ington, perhaps, but Iowa has always been the leading state for everything 

 of conservative strength and having the class of farmers and business 

 men who kept it that way. We have a situation in this state which will 

 breed a radical element. We have elements here at work which we 

 haven't any idea will show as much strength as they will. Before grass 

 gets green again in this country we are going to have infiuences brought 

 to bear on rights of private property which will make us fearful, and it 

 will be the same in this state before we get out of these troublesome times. 



And so the real strength of Iowa is in its strong, conservative men and 

 women working together for the good of the state, and by working to- 

 gether we will soon have a bright sun arising again and it will be the sun 

 of prosperity, it will be the sun of good times in this state brought along 

 by a co-operation between the various business interests of this state, by 

 a real partnership of the farmers and the bankers. 



I thank you I (Applause.) 



The President: Are there any questions you care to ask? 

 Q. What interest will those debenture bonds bear? 

 A. The interest will be entirely governed by the market rate, of 

 couse, and they will vary from month to month. 

 Q. Then this is really a rediscount proposition? 

 A. In the main, ves. 



