Gilpin observer., 1920-09-16
BANKERS HOLD
CONVENTION
NINETEENTH ANNUAL COLORADO
BANKERS ASSOCIATION HELD
IN DENVER.
CRITICIZE FARM LOANS
MISS SHERIDAN TELLS BANKERS
ABOUT BOYS AND GIRLS
WORK ON FARMS.

Western Newspaper Union News servics.
Denver, Sept. 15.-Four hundred
bankers attended the meeting of the
nineteenth annual convention of the
Colorado Bankers Association here.
George r. Wells of the Denver Ma
tional Bank, chairman of the agricul-
tural committee, after reporting the
success of the committee in the last
year In interesting boys and girls in
the raising Of livestock, requested that
Miss Maude Sheridan of Fort Collins,
state club leader, be permitted to tell
Of the work of the boys and girls
clubs.
work in the United States produced
products to the value of $4,75S, ,O62. 81"
said Miss Sheridan. "They raised 49,
500 bushels of corn, 273,675 bushels of
potatoes, 1,953,s67 pounds of pork,
canned 1,O47,746 jars of vegetables,
fruits and jellies. Colorado boys and
girls did their share. The value of
their products totaled $214,29O
"The boys in Boulder county are
corn producers. Four years ago each
of fourteen boys planted an acre OF
ground, and their average crop was
fifty-seven bushels to the acre.
"El Paso county received the prize
at the potato show last year for hav-
Ing the best county exhibit This ex-
hibit was put up by the boys and their
fathers of the Table Rock community
on the divide.
Through the stock clubs the boys
and girls have introduced into many
communities the highest type of pure
bred stock. Much Of this work is done
on borrowed capital. Most bankers
are willing to loan to boys and girls
to enable them to buy these animals
One boy began three years ago Win
a gift and now has forty-one hogs, be-
sides having sold ten animals. The
club members hogs were valued last
year at 500, ,736, and their calves were
valued at $12,S5O."
Miss Sheridan said that the canning
clubs had the largest equipment, and
that many club members made good
incomes from the sale of their canned
products. A club at Center, Saguache
| county, has borrowed money from the
banks to start miniature canning
factory, planning to can in tin all fresh
vegetables brought to them and charg-
ing for their work and tine cans"
Following the annual address of the
president, NJ. T. Nelson of the Citizens
State Bank at Ordway, Robert II. Ear
vey of Atlanta, Ca, read a paper on
Par Clearance and County Banks VS..
Federal Reserve Banks" He argued
against the federal reserve systems
imposing its method of collection up
on non-member banks.
On the subject of 1.-THE Menace Of
Tax Exemption With Special Refer
ence to the Federal Farm Loan Act,"
A. Suhring, manager of the farm loan
department of the Dime Savings and
Trust Company, Peoria, ILL.,, explained
to the convention that while the fed
eral farm loan act was originally in
tended as n benefit for the farmer, the
Increase in the government debt and
subsequent income tax has made this
act subsidy to the wealthy taxpayer
in a degree far exceeding any benefit
to the farmer.
Gov. Oliver II. Shoup delivered q
brief informal address on Colorado
when President James G. Burger Of the
Hamilton National Bank, Denver read
the address OF welcome.