The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1918-03-07
Bankers Back Farmers to Secure Seed.


are back Of the farmers to secure seed
for planting 1918 crops, to the extent
of 100000. They will prorate loans
on an equality basis to those needing
funds and instead of making the risks
individual will carry them collectively
and meet them that way. 1t is not an
ticipated, however, that the percentage
of risk will be great. In taking this
action the bankers solved one of the
most knotty problems confronting the
state council of defense and many Of
the county councils. 1t was not done
~ them, however, until they had free
ly consulted Chairman Bryan and Sec
rotary Hansen, officially representing
the state council. When a session ex-
traordinary of the Legislature was an
ticipated, the problem of providing
funds with which to loan farmers for
the purchase of seed grain stood fore
most among the many war emergency
issues. In its recommendations, the
state council asked that financial aid
be given. The legislature was not con-
vened 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 a time
when the financial assistance is needed
the most. The action shows that Ida
no is rapidly coordinating its vital
forces in the great drive to bring about
success in the national crisis.
The following resolution was adopt
ed by the bankers association and the
state council of defense, covering the
subject matter:
whereas the Idaho state council of
defense has appealed to the banks Of
Idaho to formulate and set In motion
a cooperative joint plan, to be coordin-
ated with the state councils, to finance
the need Of a large number Of farmers
for seed wheat, which appeal was pre-
scented to a meeting of group No. L,
Idaho bankers association in session
at Boise, February 10, 1918, and where
as the meeting after full discussion APP
pointed a committee to draft the struc-
ture of O plan of immediate financing
to the extent of 100000, If necessary,
said amout to be subscribed by each
bank subscriber, to be paid to the
trustees chosen as hereinafter provid-
ed, on the proportional basis of per
cent of its capital and surplus; and as
to the funds offered through Individual
subscription to the "seed wheat pool
these payments may be called in the
same way and at the same time as the
bank subscriptions, and to be appor-
toned at points i'm southern Idaho
where funds are not otherwise avail
able and thus furnishing a supply OF
seed wheat for spring planting; thai
trust fund be created and expended
by trustees under certain and definite
restrictions which were substantially
agreed upon at that meeting, anG
which are intended to be embodied al
herewith submitted, in the following
resolution:
Resolved that the bankers of tn,
Snake river valley tributaries under
take to raise the amount of $4,000,
by subscription from banks and indi
viduals under the following genera
plan, further working details to b,
Incorporated and adopted by the trus
tees as developments may require
Provisions: (A) 1t is special,
provided that the proposed loans shall
be made only for the purpose of stimu
lating the planting of wheat and tina
the application of the funds shall q
directly for that purpose and no other
that the proposed assistance shall az
ply to. the needful farmer who ha
cropped his land for not less than tw
years; that the land is In good cOnd1
ton to receive crop of wheat excep
as to blowing, discing and seeding an
the amount of crop to be put in, not t
exceed that which shall be recommend
ed by the farm adviser, on the ground
with the approval of the committee o
the county council of defense.
"(By) A certificate must be furnish
ed, signed and used by the farm ad
wiser or committee of council of dc
Tense, as to the conditions and amour
of land to be cropped consulting an
cOoperating) with the bank from whoI
the loan Is requested, and which ban
after joint approval with said commit
tee or adviser of proper inherent cor
ditions surrounding the proposed loa
shall guarantee the payment of on
tenth part. of any loss sustained fror
that loan, provided that no one ban
shall be allowed to guarantee loans t
total amount in excess of twice IL
paid in and unimpaired capital.
(C) The period of the loan shall e,
tend over the reasonable time for til
crop to be seeded. grown, harveste
and marketed but should DOT be late
than December 1, 1918.
'sLand survey THE trustees chose
shall Immediately cause a careful SUI
vey to be made in the districts needin
sion department of the Idaho state un
versity cooperating with the feeders
agricultural departments. and maxim
full report of the acreage that can b
safely and advantageously grown /
each district, whereupon the trustee
shall make appointments of til
trust funds, between the various dis
tricts as after full consideration ma
be necessary, fair and equitable: tn
said appointments may be revise
from time to time, as development
may indicate more or less requiremer
and need of assistance from the val
ious districts and the consequent el
pediency of any readjustments.
Trustees There shall be four tru,
tees chosen which shall include chail
man and vice chairman, and of whic
DIR. T.. A. Bryan (who is chairman {
the Idaho State Council of Defense
shall no cha irman. II II Inhnann viz