American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-03-01
SEED WHEAT POOL
Bankers Take Prompt Action to Se-
cure Seed for Farmers.

a week ago to raise a pool of $780,
600 TO buy seed for the farmers. The
bankers are alredy gathering informa-
tion. and ask for reports from farm
ers needing seed, by March 5. The
following circular letter. with a list
Of questions for farmers TO answer.
Will explain the course necessary to
follow. Farmers should see their
bankers at once and supply the needed
information.
Boise, Idaho February 26. 18.-The
bankers of the Snake river valley and
its tributaries, or individuals for the
banks, are asked to subscribe three
per cent of their capital and surplus,
same TO be paid as called for by the
trustees, to a fund to be loaned for
the procuring Of seed wheat for the
farmers having prepared ground in
dry form districts Only such dis
tricts as have been shown in the past
TO produce a satisfactory crop. can
reasonably expect TO be considered.
This fund will be administered by
four trustees. chosen at a meeting Of
bankers held in Pocatello February
p. DR.. Bryan, chairman Idaho De-
tense council, as chairman of the trus-
tees; f. F. Johnson, vice-president
Boise City National Bank, as chairman
together with L. L. Evans, president
Evans State Bank. American Falls, and
Nathan Kicks, vice-president Farmers
& Merchants Bank of Rexburg, consti-
tuting the trustees.
Payments to the fund will be made
by deposit to the credit of the trustees
in the subscribing bank, and these de-
posits will be withdrawn rotably as
/ loaned.
Loans will be made on the recon-
mendation of banks in the district
where applied for, the bank offering
same guaranteeing to pay any loss
upon the loan up to ten per cent on
the principal and interest to date same
becomes due. Loans secured by first
lien on crop.
All loans offered will be further
recommended by a committee consist
ing Of a representative of each bank in
the district and other members nomi-
mated by the bankers and approved by
the trustees.
No bank shall become part grantOr
on notes totaling more that twice its
capital and surplus. The rate of in
terest will be that of the district where
made
The funds will be apportioned TO
the districts requiring assistance in
the amounts deemed equitable and just
by the trustees, but new apportion-
ments may be made as it appears ad-
visable.
The expense Of administering the
trust will be the lowest possible
: amount, being only such as is unavoid-
. able The expense will be charged
against the fund and in settlement will
be deducted from the the profit or
added to the loss as the case may be.
Subscribers will receive from the
, trustees participation certificates
for the amounts paid in.
Advise F. F. Johnson. Boise Nation
. al Bank. at once and oblige all con-
+ cerned
Banks in the districts which may re-
~ quire assistance, are asked to procure
\ answers to the following questions
from all the settlers Of the district if
l. possible:
e Acreage you propose to plant to
q wheat this spring.
Where located. Section. township,
range.
Amount of seed on hand
Amount of seed required. Glass pre-
L preferred.
Amount of surplus seed. if any. Glass
L of seed.
d Gives names of neighbors requiring
seed, and where located.
Also those having surplus seed, and
Il where located
"a Will you require financial assist
le ance and how much.
N Please return TO your bank by March
3. If you have no banker. TO home
T. bank in the district.
le 1t is recommended that the banks il
n the community work together in get
a. ting full response 10 the questions
sending them to customers, publish
d ing in papers and distributing them il
le churches and other farm gathering IS
s. The information procured in eacl
n district should be tabulated promptly
III and the trustee advised of the acreag
ar to be planted, seed required or surplu
IN on hand.and the classes of seed, tn
Ill number asking assistance and tn
ne amount asked after deducting thos
Sc that can not be financed without as
n sistance from the pool
ns Eliminate all you would not be will
IL ling to guarantee for the loss up {
as ten per cent.
ne AS planting season is now upon u
re you must act promptly if the object q
ee the pool is to be accomplished. namely
to help the outside districts in need @
financial help.
to A movement in government circle
'er to secure seed or money for farmer
ch began a year ago, and renewed in Jan
we uary, is yet unproductive of results
,rd There is too much political adyer
if tising in governmental affairs. Ac
,ur ton is what is wanted, and Idah
ro- bankers have wisely decided that
full needy farmers are to have seed il
SUI time for this years crop, they mus