546 TWENTY-THIRD ANNUAL YEAR BOOK— PART VII 



Resolved, That we urge our representatives in congress not to ask 

 for the repeal of the entire law, but for the amendment of the same as to 

 those features which are wrong. 



5. We advocate legislation and agencies looking toward an improved 

 credit mechanism for farmers, and especially commend: 



(a) Intermediate credit legislation as is provided in such bills as 

 the Capper and Lenroot bills. 



(b) Legislation permitting more general use of the federal re- 

 serve system in the rediscounting of agricultural paper, which should 

 run for at least nine months. 



(c) The Iowa Farm Credit Corporation. 



(d) The Iowa Rural Credits Commission, which will report early in 

 1923 to the Iowa legislature. 



6. We are unalterably opposed to the ship subsidy bill which is now 

 before the senate. 



7. Whereas, the just claims and needs of our great agricultural in- 

 dustry call for intelligent, sympathetic and systematic study and support 

 in congress, we express our endorsement of the "agricultural bloc," com- 

 mend their past efforts and urge them to continue their helpful work in 

 the future. 



8. We protest most emphatically against any and all proposals to 

 limit the sphere of the United States Department of Agriculture by the 

 removal of any of its bureaus to other departments. 



9. We express our high appreciation of the outstanding services ren- 

 dered by Secretary Wallace to the agricultural industry and to the nation 

 in his high office. 



10. Whereas, the Interstate Commerce Commission is exceedingly 

 busy; and, whereas it has already accepted $18,900,000,000 as a tentative 

 value of the railroads, and therefore has pre-judged the value, we advo- 

 cate a National Railroad Valuation Commission to relieve the Interstate 

 Commerce Commission of its valuation duties. 



11. We are in full accord with the movement under way to prevent 

 the shifting of the tax burden from the railroads of the state onto the 

 owners of farm land, and commend the work of our state officials and 

 the Iowa Farm Bureau Federation toward adjusting this matter. 



12. We call upon all taxing and public spending bodies in the state 

 to exert the utmost economy with public funds and to hold down tax 

 levies to the lowest possible figure, and to this end we especially advocate 

 the adoption of the budget system by all taxing agencies at the earliest 

 moment. 



13. We urge upon congress such measures as will enable the United 

 States to join with Canada in providing us with economical water trans- 

 portation through the St. Lawrence and Great Lakes waterway projects. 



14. We recommend legislation providing that state funds shall be 

 deposited in each county and drawn upon by the state treasurer for 

 monthly disbursements on a pro rata basis. Surplus public funds 

 should, so far as practical, be available to all communities. 



15. We express our appreciation of the splendid work of the Agri- 

 cultural Economics Section of the Iowa Experiment Station. Its one 

 investigation into hog freights bids fair to save the state of Iowa at least 



