The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-01-01
PRACTICAL PLANS
TO HELP FARMERS
NATIONAL COTTON LOAN FUND
WILL BE AVAILABLE NEXT
WEEK.
CAN BORROW ON 20 BALES
All Applications Must Be Made BY
reoruary-Sol WexIer Is Chair
man of the State Committee.
New Orleans

/ New Orleans
ny next week it is expected that
Tie Louisiana farmers will be able to
secure loans from the $4,000, 900
iuhd subscribed by the bankers of the
United States to finance the cotton
crop.
Inc complete plan for the cotton
loan fund of sl35,OOO,OO0 to be loaned
through the banks in the cotton-pro
ducing states has been receiyed-
plan was approved op--Aamittee com
1914. By tbaue members Of the Fed
efN Reserve Board!
The margin Of security will be ~
per cent, 80 that for loan OF $3'ooo'
the security would be l2O bales OF
middling cotton, with little less Sc
ourity for the higher grades, and a
little more security for the lower
grades. Twenty bales is the minimum
upon which q loan will be made.
The forms of contracts, notes, Ger
tificates, assignments, ETC., are now
ready for distribution, and it is ex-
pected that the money will be avail
able for loans within the next week.
Loans in this state will be made
through the Louisiana State commit
tee, the members Of which are:
Sol Wexler, chairman, president OF
the Whitney. Central National Bank;
A. Breton, vice president. Canal Banf
end Trust Company, New Or,eans
nentM Bank and Trust Compan,
Commercial National Bank, Shreve
port, La; Joseph Gebelin, vice presi
dent, Bank Of Baton Rouge, Baton
Rouge. La: ]. W. Bolton, president
Rapides Bank, Alexandria, La; T. f.
Flournoy, president, Ouachita Nation
al Bank, Monroe, La.
This state committee has appointed
local subcommittee in sufficient num-.
Der to facilitate and safeguard the
practical workings of the plan, which
subcommittee are as follows:
New Orleans-Sol Wexler, A. Bre
ton, ]. H. Fulton, L.. M. Pool and W.
7. Hard1e.
Arcadia-L. M. Tooke, D. NJ. Atkins
and B. Capers.
Alexandria,. W. Bolton, l.. J. Ha.
kenyos and ]. P. Turregano.
Baton Rouge-Joseph Gebelin, Joe
Gottlieb and VIM. McCausland.
A;Vallkiiss@R. J. Marshall. T. M. Math-
son and B. W.S0e~s..s..u
Lake Providence-H. Stein,s Sc ~
Hill and w. T. Bell.
Mansfield-B Y. Wemple, Ben John
son and w. P. Head.
Mansura-Emil Regard, V. Roy and
c. C. Gaspard.
Minden-R. H. Miller, Thos. erich
ton and G. w. Lawhon.
Monroe-Travis Oliver, H. ID. Ap
gar and T. E. Tourney.
Natchitoches-A W. Watson, S. H
Hill and V. l.. Roy.
Opelousas-E. b. Dubuisson, }. A
Haas and J. ]. Perrodin.
Ravville-R. o. Etzell, c. J. Ellis
and Fred Morgan.
Ruston-O. M. Wright, B. S. Bras
we'll and E. L. Kidd.
shreveport-E. X. Smith, L. =
Thomas, Andrew Queries. 5. w
Smith and J. H. Jordan.
st. Joseph-Joseph Curry, W. M
davidson and Louis Buckner, Jr.
. The amount to be used must be de
termined and applied for by the frs
day of next February, because ate
that date the subscribers to the nun
will be released from their obligatio
upon any unapplied balance
, The farmer, merchant and othe
= cotton owner may apply to his ban
;. for loan on cotton to be paid with
:, one wear from February ], l9lo' WI
= interest payable quarterly at the ra'
!, Of 6 per cent per annum.