Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1915-08-12
HELP FOR FARMERS
STORED AGRICULTURAL PROD
ucTs TO BE USED AS MEANS
OF SECURING LOANS.
WILL RE.DIsCoUNT NOTES
Action Taken To ForestalI Any Posi-
biIity Of Congestion Of Crops this
Fall Or Lack of Financial Aceommo-
dalton To Move Them.

Des Moines.-Preliminary plans de-
signed to make available the resourc-
es OF the federal reserve system in the
annual fall movement of crops have
been worked out by the federal re-
serve board. Writing to the twelve
regional banks, the board pointed out
in letter made public how members
OF the system may help to finance the
crop movement.
The boards action was taken, the
letter says. to forestall any possibili-
ty OF congestion Of crops this fall or
lack of financial accommodation to
move them and to avoid a recurrence
Of the stringency which in the past
has marked this movement.
Although the board applies its plan
to wheat, corn and all other cereals,
It devotes most attention to the cot
ton crop, which. it says, is peculiarly
sensitive to abnormal conditions such
as now exist in the export trade.
Usually the crop movement has
been taken care Of by government dec
posits in banks or the issue of emerg-
ency currency under the Aldrich-Vree-
land act which expired last month.
In place Of these agencies, the board
states, there is ample authority in the
federal reserve act to meet the situa-
ton, this fall.
I'm view Of the large surplus re-
serves now held by the federal re-
serve banks. by member banks and
by other banks throughout the coun-
try" says the board, there has been
no difficulty in affording the produc-
ers the assistance necessary to en-
able them to market their products in
volume corresponding to the power
Of the trade to absorb them. In order
to accomplish this end. it is suggest
ed that federal reserve banks adopt
a definite policy with reference to re-
discounting paper secured by docu-
ments in satisfactory form evidencing
the ownership of stored agricultural
products.
Board Reviews Accidents.
According to a statement Just is
sued by the state highway commits
sion, liquor or speeding caused five
out of seven deaths due to automo-
bile accidents in Iowa during June.
One of the other deaths was due to a
short culvert, the end OF which was
hidden by tall grass. There were sew
eral minor accidents, most of them
caused by inexperienced drivers los.
ing control Of their machine while on
bridges. Three tractors also went
through bridges, and one slid down
grade. The state highway commits
sion is advising the highway associa-
lions to mark roads through towns
more plainly, to place them more con-
spicuously so that tourists will be
able to follow the different routes
more easily either by day or by night.
Many Complaints Made.
Complaint has been made to state
officials that certain firms are not
complying with the blue sky law.
Firms which secure permission Of the
state to sell securities in Iowa say
they are handicapped by competition
Of firms which do not secure permits
sion. Henry T. Saberson, in charge
of the blue sky enforcement in the
secretary OF states office, declares
that persons In purchasing stocks or
bonds should demand to see the per-
NIT of the company to sell the securi-
ties. If the Des Moines people had
demanded to see the permit of the
persons selling shares in the Drake
estate, Saberson says that the alleged
graft could not have been worked
here.
Appeal to Supreme Court.
The appeal to the supreme court
was completed in the case Of Virgil
Hawkins against Interurban Railway
company, appellant. TIE Polk coun-
ty district court gave Hawkins $4,000
damages for injuries received when
his auto was hit by an interurban car
at the Alexander crossing. two miles
west of Altoona He had asked for
$4,000. The interurban company
claims 1t is not responsible for the ac-
cident.
Announcement viii Soon Be Made.
w. ]. Dixon, chairman of the state
board of control, has been in Rock
well City to select the site of the
women's reformatory. The board
voted to locate the institution at
Rockwell City, hut did not announce
which one OF three sites offered would
be selected. Mr.. Dixon says that as
soon as the railroad agrees to put in
q switch to the property, the board
will be ready to announce which
property will be taken.
Has Removed over 100 Buildings.
T. f. McCurdy, capitol extension
representative, says that he has re-
moved more than 100 buildings from
the capitol extension, and that more
will be RACED as fast as the weather
permits.
Two Delegates from Each County.
Governor Clarke has been asked
to appoint delegates to the North
western Road congress to be held at
Cedar Rapids, Oct. I to 7. There are
to be two delegates from each coun-
ty.
viii Prepare Uniform Rules.
DR.. j. I. Gibson. state veterinarian,
is in Omaha meeting with the veter-
inarians OF eight midwestern states.
They will prepare uniform rules for
the shipment of live stock In this sec