Press Release, Truman for Senator State Headquarters

Editors: for Release to morning papers of October 19 and after. 18 &ERVICE HEADQMARTERS MENT Madison Notol Jefferson city, Missouri willion P. Harvey Publicity Director C MOBERLY, 110 Oct. 18:--Devoting the greater part of his spech hore tonight to farm problems,Judge Harry S. nominee for United States his thanks to the farmors of Missouri for the large vote given him in the primaries by farm comminities. Truman said ho hed obtained a majority in tho primary of votes east out- sice of St. Louis and Kansas City end for that reason he felt thet ho had become the candidate of the entire state end more notably of its forms and smoll toms. He doclared that his ton years on the farm as a "dirt farmer" qualified him to take a practical viow of farm legislation whon it reachos the sennte and that he had a firm geasp of the problems of agriculture. "The Most momentus day for the Amorican farm in recent hisory was May 32, 1933, when the Agricultural Adjustment Administration Act was approved," Truman said. "Its purpose was to increase the prices of farm commodities and to vithdraw surplus land from production. Por the first timo the form was given a chance to limit production to noods as S. moans of holding up prices, a privilege industry takes as a mitter of courso. "Tho AAA act also provided 2 billion dollars with which to refinance ferm mortages at per cent interest. It provided for the issuance of 3 billion dollars in federal reserve credits and gave the President the powor to alter the monetary system. "This act was followed in less than a month by the government going off the gold standard for the purpose of increasing commodities prices for the form and industry. Shortly afteryards the farm credit act became effective. This provided loans to agriculture for production