The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1918-08-29
SEED
'''''''''''' GRAIN LOAN
The President Has Placed Five
Million Dollars at the Dispos-
al of the Departments to Aid
Farmers in DrOuth Areas.
MONEY IS TO BE LOANED.

NAO4\N 40 ~ DO AO]AANAAAs
Applicants Must Agree to Use
Seed and Methods Approved
by the Department of Agri-
culture. Six Per Cent Interest.
Many farmers in certain Sec
tions Of the west who have lost
two successive crops because Of
winter-killing and drought and
whose resources are exhausted,
will be unable to SOW fall crops
and in some cases must abandon
their homes unless immediate
aid is extended. To aid the farm
ers the President has placed $5,-
100000 at the disposal of the
Treasury Department and the
Department of Agriculture. This
money will be used to aid the
farmers in affected areas in the
States of North Dakota, Mon
tana, Kansas, Oklahoma and
Texas, and is to be loaned only
for the sowing of winter wheat
and rye.
The object in this fund is not
to stimulate the planting Of an
increased acreage of wheat and
rye this fall, in the sections Sc
verely affected by drought, or
even to obtain the sowing of a
normal acreage, but rather to
help farmers over the present
difficulties, to assist them in
staying on their farms, and to
finance them in sowing such
acreages as may seem wise un-
der the conditions. The loaning
of this fund and the sowing of
this acreage is regarded as es-
sential in the present emergency,
with the expectation of increas-
ing the Nations food supply and
adding to the National security
and defense. This fund will not
be used to stimulate the sowing
of wheat or rye in any section
where fall sowing of these grains
is unwise and where other farm
ing operations are safer.
Further, it is not intended
that this fund shall be used to
make loans to farmers who can
obtain loans from any other
source, either on collateral or
personal credit. The War FL
nance Corporation has recently
indicated it's willingness to ad-
vance funds to banks and trust
companies which have made
loans to farmers and cattlemen.
Banks which have made loans
on collateral are urged to avail
themselves of this aid from the
War Finance Corporation.
The loan will be made and col
lected through the Federal Land
banks of the affected districts,
in cooperation with commercial
banks. These organizations will
be asked to contribute their SER
vices for the local good. Appli-
cation blanks will be supplied to
the County agricultural agent
in each county and also, on re-
quest, to commercial banks.
For Montana, these applica-
tion blanks may be obtained
from the Federal Land Bank,
Spokane, Wash, and for North
Dakota from the Federal Land
Bank, St. Paul, MINI. They may
also be obtained from G. /.
Christie, Federal Building,
Great Falls, Mont, the represen-
tative Of the Department of Ag-
riculture who has general super
vision of the work for that de-
partment.
The money will be advanced
as a loan on the crop of wheat
or rye sown. No loan will be
made in excess Of SO per acre,
nor on more than 100 acres, so
that the maximum loan to any
individual is $500. Notes given
will bear s per cent interest and
in Montana and North Dakota
will be payable November l,
1919.
The Department Of Agricul-
ture will determine in each in
stance as to whether or not in
dividual loans will be made. In
vestigation Of each application
will be made by the Department