The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-22
$l,5OO,OOO
is ASKED
FOR SEED

Oklahoma City, okla, Augdst 21-
Oklahoma viii ask the federal govern
ment to loan wheat seed for The
planting of an acreage of at leas
$4,000 acres of land this fan al
this states part of the appropriation
of $5,000,O0O which will be divided
among several states. This will con
stitute an excess of $1,5OO,0OO
| This decision was reached at a
conference held by the Oklahoma
State Council Of Defense when over
one hundred delegates assembled
fro mthe wheat growing states to
hear the conditions under which the
loan will be made and to confer with
L. A. Esterbrook, representative of
the federal government who ex-
planned it,
| No loan will be made to farmers
who have made crops in the past two
| years or to men who have credit or
cash with which to buy seed wheat.
The applicant must have had two
successive crop failures on land
which, in the opinion of the county
agent and other members of the To-
cal investigation committee, is cap
able Of producing a wheat crop under
normal conditions. While the origi.
nal intent was to loan to farmers
making wheat crop failures a liberal
construction will be placed upon the
ruling so as to include failures in
cotton and corn crops. A loan not to |
exceed 23 an acre viii be made on not
TO exceed 100 acres of land, making a |
maximum loan Of $500 per farmer |
| Smaller lonas will be made The an.
plicant must make a sworn statement
as to the failures, the amount OF land
owned, the value of his livestock
and equipment and the acreage sown
and yield on his land last year. Nota-
ries public should not charge fees
for this service. The notes are due
in 1919, When the application is
| made at the local bank an inyestiga-
ton committee will visit the pro
perty and verify the facts, when the
application will be forwarded to Mr..
Estabrool1 with The approval or dis.
approval Of the investigator, who will
probably be either the county agent
or banker. The applicant will also
sign an agreement to contribute to
the guarantee fund the sum of fif-
teen cents per bushel in excess of a
yield of six bushels to the acre, with
maximum of SIS. This will insure
the government against losses where
crops are failures.
When the application is approved
by Mr.. Estabrook it is turned over
to the Federal Land Bank which in
turn will notify the local bank which
then makes the loan to the farm
er for the purchase of the seed and
which will allow him a sight margin
for other expenses. When the seed is
planted the Federal Land Bank as
sumes the loan and the government {
takes all the chances.
The Oklahoma State Bankers .asso. .
citation has agreed to finance the
country banks in making the loans. a
The Tulsa Banks have also, offered l
aid to any bank needing funds for a
this purpose they to be reimbursed S
when the loan is made by the Federal O
Land Bank Q
IN cases of farmers who have not p
had failures for two years but are in t
need OF seed the country banks are d
expected to try to secure these lonas c
rom the War Finance Corporation
in case they are not able to meet the c
demands for loans. II
meeting of bankers and comfy
councils will be called in all the T
wheat counties in order that the
natter way be fully explained and d
he farmers viii be notified that the 81
pplications are ready for them at
he banks. fl
State Agent James A. Wilson of the
lnited States Department of Agri- at
ulture pledged the full cooperation th
I the extension department in this re
'ork Beckham county representa-
YES declared that they would finance in
heir own farmers. The loan is avail. a,
BILE to farmers in other counties out. m
ide of the wheat belt. vi
Following is the estimate by conn TO
es: Beaver 20,OOO Cimarron nopa ST
uster 10000, Dewey none. Ellis
1000, Harper 10000, Major 5000
-oger Mills 1900, Texas none
Woods 100000, Woodward 10000
laine 1000, Beckham none. Caddo di,
600, Cotton $4,000, Comancbe 60 an
10 Grady An nnn IL