Arizona republican., 1916-09-04
Mesa News Notes
LOAN ASSOCIATION
 FUR MESA FARMERS

Burt Winger is in receipt of a com munication from Congressman Hay den relative to the organization Of local farm joan associations. in order that advantage may be taken of the recent act of congress whereby bon.I fide farmers may borrow money from the United States government at . per cent interest on long time loans. The letter follows:
 T enclosed herewith two circulars that have just been issued by the Federal Farm Lean Board which give authentic information about the or ganiZauon of national farm loan as sociations. You will note that the board recommends that the prelimi- nary work of organizing local farm loan associations be done at once ir order that there may be no delay in putting the new rural credit law into operation.
 Owing to the nigh rates of interest on farm mortgages in Arizona l am sure that our farmers will be anxious to take prompt advantage of the red eral Loan Act. Ii seems to ms that much time can he saved if the exist ing farmers organizations are used as a medium for getting the farmers to- gether for the purpose of organizing local farm loan associations. There are about 50 farm improvement asso- citations in Arizona that can be util- iZed for this purpose. Farmers who obtain their water for irrigation from common source of supply have C community of interest which can like wise be used in organizing national 1 farm loan associations to cover ap- pr.ximately the same lands that are now served by the canal companies of which they are shareholders. The districts into which some of the Wat CT Users associations are divided might also be suitable for this pur- | pose.
 l The members of the Federal Farm ! Loan Board are now holding hearings 1 in the different states to determine i the location O. the twelce land banks When the land hank sor the district in which Arizona will be included l. open for business the farmers of oul state should be ready to apply fol 1 loans. Permit me, therefore, to sug- gest that you bring this subject tt the attention of the members of youl organization at an early date.
 1 1 hope that you and the farmers 1T your community will be free to com mand me at any time that l can b' of further assistance
 In order that the farmers may ge lOSCliitI OI lfit anu whether or not they wish to form local farm loan association. as rec commended in the letter. a mass meet ing cf all farmers in the Mesa sec tion is called for next Saturday aft ernoOn at o'clock. The meeun' will he held at the city hall, an, every farmer on the south side i
 urgently requested to be present. il order that an organization may b
 formed as soon as possible.
 The law as passed by congress pro
 vides that in order to borrow none
 from the government, man must b a bona fide farmer; in other words
 must own farm land. No one excep
 such an individual can belong to tn
 association or borrow money unde
 its auspices. Therefore those of tn
 local farmers who own their ow
 lands are especially urged to be o
 hand next Saturday afternoon at tn city hall.
 Mir Wingar is also supplied wit
 circulars sent out by the Nationa
 Far Loan Board. and anyone de
 string further information on the sub
 ject will do well to see him.-Mes
 Tribune.