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Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will [be far greater than] the sum necessary to help them [get a new start on the land']

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