Connecticut western news., 1916-08-03
FARM LOAN BOARD
 IS NOMINATED
President Makes HOnpartiSan
 Appointments.
WILL DISTRICT THE COUNTRY

Work to Begin immedIately Hrter oen
 ate Confirms Nominations-Work ot
 Board Under Rural Credit Act Ex-
 peoted to Greatly Aid Farmers and
 Revolutionize Industry In America.
 Final steps in the creation of farm loan board were taken by President Wilson in sending to the senate the names of two Democrats and two Re publicans to be members of the boaro just created by congress ~nder the ru' ral credits act. The nominations are those of Charles E. Lobdell of Great Bend. Kan: George w. Norris of Phil, adelphia, William S. A. Smith of Sioux City, la. and Herbert Quick of Berk eley Springs. ". Va.
 Judge Lobdel is a student of farm problems and has had extensive ex perience in farm loans. In 1912 he was elected judge of the Twenty-third judicial district. He served until 1911. when he resigned to accept the presi- dency of the First National bank of Great Bend. He is Republican.
 MT. Norris, a Democrat is a student of economic and social questions. He. was graduated from the University of Pennsylvania, did newspaper work and practiced law. He is a director and deputy chairman of the Federal Re serve bank of Philadelphia.
 Farmer and Student.
 Captain Smith IS Farmer and now is an expert in farm practice in the de partment of agriculture in Washington. He has been student of rural. credits for many years and is an authority on farm loans. He is a Republican.
 MT. Quick is a student of rural cred its and widely known to farmers. Until few months ago he was editor of Farm and Preside. He .s Demo crat ... -#..#
 Secretary of the Treasury McAdoo is ex-officio chairman of the board. and one of the members nominated will be designated by the president as farm loan commissioner. The salary of members of the board is S1o.000. The board will be the executive head of new bureau in the United States treas ury department. where it will have offices.
 The board will meet within a fort night and will make a tour of the county during August to decide the boundaries of the twelve farm loan districts to be created and to select the cities which will be centers of the farm loan activities of the system in each district In making the twelve loan districts the law does not permit dividing any state. -st
 In selecting the board the president desired to obtain the services of a di- recting head of the board who had been identified with the farming inter ests of the country and had executive ability and grasp of the purposes for which the new system was provided. 1t Is supposed that Mir. Quick was chosen in this connection.
 ,. Ask Farmers to Join.
 The organization of the new loan system will proceed along the lines followed in establishing the federal re- serve system, but it is much simpler. as the new board will not conduct q banking business, but merely will loan funds on farm properties under re strictions laid down in the law and to be added from time to time. The first aim of the law Is to encourage farmers themselves to become stockholders in the new system. They are to be asked to subscribe through farm loan associ- ations to the capital stock of the farm loan banks, and if in any district the entire amount of $75O,O00 capital stock provided for shall not be taken the gov ernment is to take up the remainder
 It is the contention of advocates of the new system that it will work a great transformation in the agricuItur- al conditions of the whole country Neglected and undeveloped areas will be broken up. the number of homes will be multiplied and the independ- ence and thrift of the farmer advanced.