The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-14
Government Plans Aid Wheat
Growers in Drouth Stricken
Area by Advancing SO
an Acre on Crop.
IS PART or FUND CT
$5,OOO,OOO SET ASIDE
Charge Interest at Six Per Cent;
Payment October l and No
vember /, 1919; Banks
to Help Department.

The Oklahoma Bankers association
has offered its machinery to Presi-
dent Wilson to assist the farmers Of
Oklahoma in securing their pro rata
share Of the $5,ooooOO worth Of seed
wheat set apart by the president for
the drouth stricken areas OF the
United States, according to letter
received by VIM II. Donahue of the
| Oklahoma National bank from Eu-
gene p Gum, of Oklahoma City, sec
retary Of the Oklahoma Bankers as
sociation,
Full information is given as to how
the farmers may proceed in securing
loans on the prospective wheat crop,
the plan having been outlined
through the Department Of Agricul-
ture. Following is a full outline of
the PLAN
The areas now under considera-
ton are those in the northwest and
southwest where two successive crop
failures have resulted from severe
drouth and winter killing.
THE money will be advanced as
loan in cases of necessity upon the
crop of wheat or substitute grains
planted no loan viii be made in
excess of So per acre, and no appli-
cant will be financed beyond one hun
dred acres. Therefore, no loan viii
be made in excess OF $500 Notes
given will bear per cent interest
payable in the southern districts Oc-
tober 1, and in the northern districts
November /, 1919
THE Federal Land banks Of the
districts embracing the affected
areas will be designated as the fl
nancial agents of the government to
make and collect the loans. They
will expect the cooperation Of local
banks in The taking of applications,
forms of which will be supplied on
request as soon as they can be
printed Banks and other local agen-
cies assisting will be asked to con
tribute their services for the good of
their several communities.
"The determination Of the question
of making each loan will, in the first
instance rest with the Department
of Agriculture, which, through its
various agencies, assisted by Farm
Loan associations and ether local
farmers organizations, viii investi-
gate each application.
Applicants must agree to use seed
and methods approved by the De-
partmant of Agriculture, and the
money will not be advanced until the
crop is planted and a representative
Of that department certifies to the
Federal Land bank that the applicant
has completed his planting in proper
manner and with the proper seed.
Upon the receipt by the Federal Land
bank of such certificate, applicant
will be required to give note and
chattel mortgage on the crop planted.
In order to give applicants basis
for temporary credit, to assist in OBJ
tanning the Seed the Department CT
Agriculture will promptly investigate
all applications, and as soon as ap-
proved the Federal Land bank will
issue a statement of approval to the
effect that the money will be ad
vanced when the crop is planted and
the necessary certificate and note
and mortgage are executed and de-
livered. The machinery of the treas
ury department and the Department
of Agriculture for. this work is al
ready in existence and win be put in
motion at once, and no substantial
delays win result if the interested
communities do their own part
promptly
Banks wishing to assist their
communities in this matter should
I at once communicate with the Fed.
eral Land bank of their district.
"The plan is to assist only those
who have exhausted their resources
No loan will be made to any farmer
who has unincumbered real or per
sonal property sufficient to secure a
loan of $500. In such cases country
banks are urged, as a matter Of pub
. lie service. to render assistance ant