Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1918-03-02

l
lens confronting the state council OF
| defense and many OF the county
councils. 1t was not done by them,
| however, until they had freely con-
suited Chairman Bryan and Secre-
| tary Hensen, officially representing
the state council. When session
extraordinary of the legislature was
anticipated, the problem OF proyid-
| ing funds with which to loan farmers
for the purchase of seed stood fore
most among many war emergency
issues. In its recommendations, the
state council asked that financial aid
be given. The Legislature, was not
convened and the matter was then
taken before the bankers. Their act
| is to be highly commended. They
have come to the aid of the farmers
at time when the financial assist
ance Is needd the most. The action
| hows that Idaho is rapidly coordinat-
| ing its vital forces in the great drive
to bring about success in the national
crisis.
The following resolution was
adopted by the bankers association
and the state council of defense, COW
ering the subject matter:
| Whereas the Idaho state council
of defense has appeald to the banks
of Idaho to formulate and set in mo-
| ton cooperative joint plan, to be
coordinated with the state councils,
to finance the need of large num-
Der of farmers for seed wheat, which
appeal was presented to a meeting of
Group /, Idaho bankers association
in session at Boise, February 10,
1918, and whereas the meeting after
full discussion appointed committee
to draft the structure of plan of
immediate financing to the extent of
$200,000.00, If necessary, said
amount to be subscribed by each
bank subscriber, to be paid to the
trustees chosen as hereinafter pro-
vided, on the proportional basis of
3 per cent of its capital and surplus;
and as to the funds offered through
individual subscription to 1.-The Seed
Wheat Pool" these payments may
be called in the same way and at the
| ha ho hS0 M
and to be apportioned at points in
southern Idaho where funds are not
otherwise available and thus furnish
ing a supply of seed wheat for spring
planting; that trust fund be Great
ed and expended by trustees under
certain and definite restrictions
which were substantially agreed up
on at that meeting, and which are
intedned to be embodied as herewith
submitted, in the following resolu-
ton;
RESOLVED that the bankers of
the Snake river valley and tributaries
undertake to raise the amount of
5000, 100000 by subscription from
banks and individuals under the fol-
lowing general plan further working
details to be incorporated and adopt
ed by the trustees as development
may require.
Provisions: (A) 1t is specially
; provided that the proposed loans
shall be made only for the purpose of
stimulating the planting of wheat
and that the application of the funds
shall go directly for that purpose
and not other; that the proposed
assistance shall apply to the needful
farmer who has cropped his land for
not less than two years. that the land
is in good condition to receive a crop
of wheat except as to blowing, disc
ing and seeding and the amount of
crop to be put in, not to exceed that
which shall be recommended by the
farm adviser, on the ground with
the approval of the committee of the
county council of defense,
"(B) A certificate must be fur
: nished( signed and issued by the
farm advisor or committee of council
of defense, as to the conditions and
amount of land to be cropped ICON
sulting and cooperating) with the
bank from which the loan is request
, ed, and which bank after joint APP
prevail with said committee or adj
visor of proper inherent conditions
surrounding the proposed loan shall
guarantee the payment of one tenth
part of any loss sustained from that
loan, provided that no one bank shall
be allowed to guarantee loans to a
!, total amount in excess of twice Its
paid in and unimpaired capital.
"(C) The period of the loan
shall extend over reasonable time
, for the crop to be seeded, grown, har-
vested and marketed but should not
be later than December /, 1918.
Land Survey-The trustees chos-
en- shall Immediately cause a careful
survey to be made in the districts
needing assistance, by the agricul-
tural extension department of the
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