The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-22
MAY LAND
FINANCIAL
AID HERE
First Steps Taken in Movement
to Get Government Money
for Grady Farmers; Make
Wheat Crop Possible.

First steps, locally in movement
whereby the distribution of part
Of the government appropriation OF
| 100000 for the benefit of farmers
who are not able financially to start
next years wheat crop were taken
yesterday afternoon at a meeting OF
county bankers, farmers and repre-
sentatiycs OF preciAct defense coun'
ellis held at the court house Plans
for organizing the county for partic-
| ipating In the loan were discussed
and a schedule for township meet
ings to be held at every town in Gra-
1 dy county were announced by conn
ty farm agent ]. w Ovens
/ Mr.. Owens expects to leave early
today on weeks organizing trip
which will begin at Pocasset this
morning and end at Alex Friday
! August 30 Meetings will be held at
Tuttle Friday, at Yerden next Mon
day, at Minco Tuesday Amber and
Norge "Wednesday, and Alex Friday
! Other dates may be announced later
Federal outlines for distributing
the seed wheat loan over the Ulited
States as aa9eunced at the meeting
Yesterday call for the advancing Of
money to farmers wha are not able
to secure loans from other sources.
Money will be let ont from tie Fed
cral Lan;l bank at Wichita, Kansas.
upon bash Of wheat or wheat sub
stituses planted No loan will he
made in excess Of SO per acre for the
crop planted and no farmer will be
financed Beyond one hundred acres,
placing the maximum granted in one
case al SEQ.
The areas now under consideration
Of the government arc the southWes-
tern and northwestern parts q the
United States where two successive
crop failures have resulted from eX-
treme drouth and winter killing The
Federal Loan bank in the affected
areas is to be considered the official
agent Of the treasury department. in
granting the wheat seed loans to lar
mers. Loans will be secured through
the recommendations Of banks in The
vicinity of the man who makes dp-
plication. The determination of the
question of making each loan will
rest with the Department of Agricul-
ture operating through county agents
and also through farm loan associ0-
tions Applicants must agree to con
form with methods prescribed by Jhe
department of agriculture in raising
the now crop and use the seed rec
commended by government farm
agents Tho money viii be advanced
only af,e3 the farmer has complied
viii such regulations. Mortgages on
the crop planted will then be rcquir-
Cd Of the planter.
Tho machinery Of the treasury Dc
partmcnt and the department of ag-
ricu'turo for carrying out the farm
loan program is already in existence
and there will be no delays in start
ing The new crop it has been an,
nounccd
The following provision quoted
from a bulletin recently issued by
the department OF agriculture, out
lines the procedure that will be fol
lowed out in case crop is raised:
Each borrower will be required to
agree that if his yield is seven bush
els per acre, or more, he VIII pay
into the guaranty fund a sum equal
to 25 rcr cent of the amount loaned
him TO cover any losses that may oc-
cur. Ii the amounts SO contributed
exceed the actual loss by the govern
ment. the excess will be returned pro-
rata to the contributor"
The primary object of this fund is
not to stimulate the planting of an
increased fall acreage of wheat or
rye in the severely affected drouth
areas or even secure a normal acre
age but rather to tide the bankrupt
farmers over the period of stress and
enable them to remain on their farms
and produce food for the nation
Application blanks for securing
oans from the seed wheat fund will
le distributed to eligible borrowers
II once, farm agent Owens announc-
d Yesterday Banks will take ap-
'lications that have been filled out
" farmers, holding them for collcc-
ion By agents of the department OF
agriculture. After the applications
re approved the Federal Land bank
t Wichita will mail certificates OF
pproval to agents from whom the
orms have been received Certif-