The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1915-09-24
Practical AgriGuIturiSts to Dis
CHSS Farm GrediIS at Nation
al Convention.
AT ST. LOUIS v. P. WEEK
Farm Mortgage Bankers Meeting to
Be Followed by Another National
Gathering, That Of American
Heat Packers Association.

enL agricultural SectlOnS or the United
States will discuss rural credits at the
second annual convention of the Farm
Mortgage Bankers Association Of
America, which will be held at the
Planters Hotel, st. Louis, October Z
and 8, and which is regarded as one
Of the events of Yelled Prophet Week.
The particular needs, as to credits,
Of each section of the country are ex-
pected to be brought out in the course
Of these addresses, which will begin
shortly after the convention is called
TO order by the associations presi-
dent, f. w. Thompson of Chicago,
manager of the farm loan department
Of the Merchants Loan and Trust
Company Of that city.
What the Farmer Needs will be
the subject Of a talk by Henry Wal
lace of Des Moines, Iowa, the world
famed editor of Wallaces' Farmer. In
connection with the announcement
that MI. Wallace will be among the
speakers, the chairman of the Conven-
ton and Entertainment Committee, G.
G.. Cobb, manager of the investment
department of the American Trust
Company Of st. Louis, says:
The farm editor is the farmers
next friend, and what Mr.. Wallace
will have to say on the subject of
rural credits and its relation to farm
life will be highly instructive and en-
PERTAINING"
Set Speeches to Be Few.
Lowering Moore, active viee-presi-
dent Of the Mortgage Securities Com
pany of New Orleans, is chairman Of
the Program Committee, which an
nounces that in formulating the pro
gram it has tried to get away from
the usual practice of having a large
number Of set speeches" and adds:
at is believed more benefit Is derived
where any and all who have wellcon-
ceiYed ideas on rural credit or the bet
terment Of farm mortgage banking are
given n opportunity to join in the
discussions"
The second annual dinner of the as
ISOLATION viii be held in the banquet
hall of the Planters Hotel on the
evening of October z. Men of national
prominence will speak on subjects
more or less pertinent to farm mort
gage banking.
The morning session of October 8,
the second day, will be devoted to the
regular routine business OF the ascot
alton and the afternoon will be fully
taken up with further addresses and
discussions to be participated in by all
delegates present.
Fun to Follow Work.
Mr.. Cobb's committee has arranged
for the evening Of october 8 a smoker,
at which the delegates may relax, fol-
lowing their two days hard work. The
smoker will be at the beautiful Sunset
Inn, whittier the delegates will be
escorted in automobiles.
Saturday those delegates who can
be induced to stay over will be enter
tanned at the st. Louis Agricultural
Fair and the St. Louis Automobile
show and, If time permits, at Shaw's
Garden, the Jefferson Memorial
(home of the Missouri Historical So
ciety) and the City Art Museum, all
of which institutions will celebrate
Yelled Prophet Week by making spe-
cial displays. Sunday afternoon the
visiting bankers still in the city may
attend the Mississippi River Carnival,
, including a parade of more than zoo
decorated motor boats and races by
speed boats and barges.
According to H. M. Hanson Of Chi
cago, secretary-treasurer Of the associ-
alton, the convention will be attended
g by good-sized delegations from II
states-Missouri, Illinois, Oklahoma,
5 Kansas, Iowa, Georgia, Minnesota,
North and South Dakota, Texas, Mon
tana, Washington. Tennessee, Ne
. braska, Indiana, Louisiana and New
York.
What Association Aims to Do.
The purposes Of the Farm Mortgage
Bankers Association of America are
set forth in a statement Issued by Sec
retary.Treasurer Hanson as follows:
J. To encourage intelligent state and
national legislation as It affects farm
: y 10 collect and give out correct in
I Formation to the public regarding farm
mortgage Investments.
, 3. 10 assist the public In discriminat-
ing between securities that are entitled
q to consideration and confidence and those
q e. To assist In eliminating from the
business those farm mortgage dealer'
whose methods do not entiue them to the
. confidence OF the people.
/, 8. To educate the public TO the advan'
tages Of the high-class farm mortgage az
a good, safe investment for the small IN
> weston as we'll as for the, investor WHIT
q has large amounts under his control fol
"By the persistent efforts Of the
members, individually and as an as
a sociation, the strength Of a first mort
i gage on an improved farm as security
= for the safe investment Of funds has
l. been firmly established" said Chair
i man Cobb in discussing plans for The
y convention.
The association has two ST. Louii
members, that beside the American
e Trust Company being the Mississippi
IS Valley Trust Company.
Another national convention tina
of the American Meat Packers Asso
citation. win be held in ST. Louis, com
mencing Monday, October II. the da,
II after the conclusion Of the st. Loui
Fall Festivities. Delegates to tina
convention, as well as to the farm
mortgage bankers convention, are bs
Il ing invited to arrive IN the city stuff
ciently early 70 witness the Veile.
n Prophet Pageant Of % electric floatl
A. the night Of October 5. The VeIle
Prophet Is spending on the 1e1
ID pageant, and the ball following It b
tween $4,000 and 100000.