The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-11-26
CATTLE GROWERS
TO GET FEDERAL
AID IN FINANCES
Bureau Is Established at Dallas by
the War Finance Corporation 10
Give Financial Aid TO Cattle.
men in Dry Sections.

Notice was sent Yesterday afternoon
- all members of the cattle and
Horse Growers association from tho
Hccretary's office here 60 the orfcc,
that an agency has been established
at Dallas which VIII specialize in
making loans to live stock rniscrs
l'routh conditions throughout various
sections OF the southwest aud tho re-
stiltont nccd among numerous cattle
men of sllght financial aid AZ this time
" the cause OF the establishment OF
tho bureau hy the wHr financ corpo.
Jntion.
The following list of Instructions has
been sent out bN the association tor
the benefit of rowcr WISHING 10 taRc
advantage of the bureau.
To meet the emergency caused
by the extended drouth throughout
the west n southwest and the ne.
ccssitN of preserving and conserving
the Htockcr and breeding herds and
locks ut our country. the war finance
corporation has established an agency
at ~ las fot the purpose Of making
loan. whom imperative. to persons,
Trims aud corporations engaged in
breeding and raising livestock II has
been determined TO authorize loans
u ADVANCES to such persons upon
urop't application, where, such loans
cannot Doe obtained through the rogu-
lar established channels, aud this lot
tor iU TO advise briefly the scope OF
such ugcuCN and the conditions under
which loans viii be- made
No loan viii DE made 10 mature
later than November 10. 1919. u
mdd' during the present year. or for
longer time than twelve months At
made In the ycor 1919; but may he
mate 20 mature - an earlier date.
tn" interest on direct loans. where
tladc to individuals. will br ~ The
rate OF : per cent per annum and
whore made Tor more than n year the
interest must Do paid at the cNpira-
ton Of the semi-annunl period.
No loan will he made where the ap.
plicant does not show proper facilities
~ The posse ssion oi-or tho ability
To acquire and sccur,-thc ncc,ssnr,
iced ana range. and who's. experience
does not indicate that tho applicant
is ampl, capable to properly care fot
IN" livestock offered as security.
Al applications must he made
m writing. on forms 10 be furnished
~ the corporation (which VIII lie
mailed on rcuucatb such applications
a. be accompanied by the signed r-
uanciHi statement OF tho borrower.
No application for % loan viii
be considered unless executed hN the
person, firm or corporation owning
the livestock offered as HecuIiis. and
only Tor Tho purpose OF conserving
the breeding herds OF the country.
% upon what be- known Us the
stock"r cattle. which. IS here id"nti.
hed. VIII consist Of bulls. tuws. calves.
ana J. n 2-Noar-uld cattle OF either
sex, rams. ewes and Lambs and bucks.
nanuits and nd goats. n mo- loan
viii bc approved Tor "a greater amount
than 40 per cent OF "a, appraised
value ct the livestock offered us Sc
curit> except that IN special casts
where funds arc desired to purchas.
livestock which would otherwise hc
forced ON the market. the corporation
IN its discretion may advance the full
amount OF such purchas, price. upon
the borrower furnishing other ap-
proved security IN any umoun equal
~ al least SO per cent OF the amount
loaned.
Necessary forms Will be- furnished.
Hs stated. ON request. I'm examination
ana Inspection OF all offered
as sccur,ty VIII be made by "A regularly
selected appraiser named by tho COZ
poration.
Applications Tor loans appro,,a Il,
the agency Will he submitted to the
wal finance corporation for final APP
prevail
The corporation will reserve IN.
rights, In It's discretion az any time
AFTER TIE loan Is made. 10 require au.
dition.l ncCGr.tN. ms the failure oil
the borrower Co furnish same Will. al
the option of the corporation. at once,
mature the loan.
The facilities offered banks and
trust companies IN ~. circular letter
No. 80. dated JulN 20. 1918. by Il. l..
Van Iaudt, governor OF the Federal
Reserve bank OF Dallas, VIII be con.
tinucd, aud bar a and hurst compnni,s
may continue To secure advances ON
the terms and conditions therein ca.
planned.
our facilities for making in
spoctiOus are limited, and na applied
Ca small loans, quite expensive. II In
therefore hoped hat Hii loans OF
$1,000 or less can he placed with
local banks, which loans In turn IAN.
wh'n desired hy the banks and an.
proved hV ms, be taken care OF hy the
corporation under tho terms OF iottcr
No. 80, o referred ,o. P
Al communications relative To
the above subject should De- address!
Ia The cattle Loan Agency Of the
War FinUuc, Corporation, t2l Iiaz
h%uiidinE. Dallas. Texas.