Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1915-10-05
FARMERS TO TALK
To FARM BANKERS
Practical Agricu|turists to Dis
Cuss Farm Credits at Nation.
al Convention.
AT ST. LOUIS v. P. Week
Farm Mortgage Bankers Meeting to
Be Followed by Another National
Gathering, That of American
Meat Packers Association.

Meat Packers Association.
Practical armers-actual tillers Of
the soil-representing widely differ
ent agricultural sections of 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 7
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 talk by Henry Wal
lace of Des Moines, Iowa, the world
famed editor of Wallaces' Farmer. In
connection with the announcement
that Mr.. Wallace will be among the
speakers, the chairman of the Conven-
ton and Entertainment Committee, C..
G. Cobb, manager of the investment
department of the American Trust
Company of st. Louis, says:
1.-The farm editor is the farmers
next FRIEND and what Mr.. Wallace
will have to say on the subject of
rural credits and it's relation to farm
life will be highly instructive and en-
tertaining."
Set Speeches to Be Few.
lowering Moore, active vlcepresl-
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:
ut is believed more benefit Is derived
where any and all who have WELDON
ceived ideas on rural credit or the bet
terment of farm mortgage banking are
given an opportunity to join in the
discussions"
The second annual dinner of the as
ISOLATION will 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 assocl'
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 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 200
decorated motor boats and races by
| speed boats and barges.
According to H. M. Hanson of Chi
cago, secretary-treasurero of the associ-
alton, the convention will be attended
by good-sized delegations from II
states-Missouri, Illinois, Oklahoma,
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:
/. To encourage intelligent state and
national legislation as it affects farm
| mortgage banking.
formation to the public regarding farm
| mortgage investments.
8. To assist the public in discrimnat,
| that are not
4. TO assist in eliminating from the
whose methods do not entitle them to the
confidence of the people,
S. To educate the public to the advan-
tages Of the high class farm mortgage a.
a good, safe Investment for the small in
vestor as we'll as for the investor who
has large amounts under his control for
investment.
by the persistent efforts of the
members, individually and as an as
ISOLATION, the strength of first mort
gage on an improved farm as security
for the safe investment Of funds has
been firmly established" said Chair
man Cobb in discussing plans for the
convention.
The association has two St Louis
members, that beside the American
Trust Company being the Mississippi
Valley Trust Company
Another national convention, that
of the American Meat Packers Asso-
citation, will be held in ST. Louis, COM
mencing Monday, October II, the day
after the conclusion of the st. Louis
Fall Festivities. Delegates to that
convention, as we'll as to the farm
mortgage bankers convention. are be-
ing invited to arrive in the city sutfi.
! cientlv early to witness the Yelled