El Paso herald. (El Paso, Tex.) 1901-1931, 1919-01-11
FORM A LOAN FUND HERE AND HELP
SOL DER FARMERS LOCATE ON FARMS

nv r----s-irg farm loan association EI Pasoans
II help locate returning soldiers on valley lands make
hen persreut residents and develop the farming re
sources With the attendant prosperity such step would
Bring This Is big project favored By James Dick, c
n Newman. J. s Raynoias ana many OtHs-ss ~ =
working out IN detailed form and pushing through to rea-
Many returning soldier is good farmer but lacks
money enough 10 take hold OF land and bring his first
ro- 10 harvest He can farm If given start Having
received financial help from such local organization as IS
proposed he raise and market crops and repay the
n. idea Is this: Let FL Pasoans lend to make up
fund Of about 100000 to be loaned at six percent in
amounts Of $500 if Investigation warrants II TO
soldiers who want TO engage IN farming
Il would be understood loans would only be made after
careful Investigation and preferably after the soldier had
made start on his Own account The county farm agent
eouid report the advisabty Of making loans to farmers
II would not Be the intention to 20 into competition
With the banks but to lend who could not borrow
It he banks because OF lack Of collateral
war zork agencies for instance the YMcA7 have men
At the eznoumsHts and camps who listing the men who
about 70 be discharged as to their qualifications IN
various occpatious They In position to recommend
soldier farmers with whom FL Paso could get IN touch ana
make proposition TO assist in financing valley farm
But money would be loaned any applicant until ms
record had been thoroughly examined and approved II
ould be the intention lend soldiers who had made
o,5 - farmers before Going into military service and who
were vel recommended otherwise Those who had few
hundred dollars Of their own to invest would be pre-
feusd-
After soldier farmer gets start he viii have crops
to sen to repay the loan he viii have accumulated
implements OF OLneL properly
VII Be acceptable At bank collateral for loan In
tine he VII paw off his indebtedness and become an inde
pendent ana prospeTng producer permanent resident ana
valuable asset 70 the community. But he must nave ms
start 49,.
We need to have idle lands brought under cultivation,
growing crops where nothing is now grovE-
hs market for hay and grain, dairy and garden pro
diets here awaiting Just such Development II IS es-
mated that 500 VII produoe tomatoes enough Ior
1900 cases Friioes, pumpkins and many other thngs
Which gov vel VIII be taken care Of by eanneess
which suggests the Development Of that industry IN con
junction with the proposed impetus to agriculture There IS
already tomato canuery at Yseta.
When the troops here In large numbers, local
I'm bouzht IN one month $4,000 worth Of milk from the
rrsame-v At Tempe ARK The money would have been
seut At home If the milk had been available The milk
would have been available If there had been cows
and there could have been If there had been
more alfalfa and farmers TO take an interest
n dairvnE This Of the possibilities back Of the
uroposzl 70 help finance soldier farmers
II this plan is taken up, several Fl Pasoans ready
10 put Sf0oo0 each into the fund and every else inter-
esed n land Development and the growth Of the city
shcuId assist II It Those who lack ready money them
selves 70 PIT the fund could borrow from banks
would pay eight percent interest the money and
revs six peusnt hack the farmer whom the money
IS Ioans5 They would be standing the difference Of two
rcent interest rates They could afford 10 contribute
st 1ch to the advancement Of FL Paso and the ada
cent valley.
he $4,000 jackpot would be made revolving fund
loans repaid the money would 20 back into the
fund and be rsl0aued TO finance other farmers Tins the
work void not be limited to the first incoming soldier