The Holly chieftain., 1920-08-26

The following news despatch tae
ken from the HutchisOn News,
thoroughly covers the wheat situa-
ton as far rs the farmers are con-
cefned and shows clearly their
strained condition.:
The wheat growers of Reno coun-
ty are urged to hold onto their
wheat, and are assured that within
sixty or ninety days the world will
have to buy Kansas wheat or go
hungry.
Chas HOrnbaker, secretary of the
Reno County Wheat Growers asso-
citation issued call today for a
county meeting of the wheat grow
ers of Reno county to be held next
Saturday, August 81, at the court
house.
In the call Mr.. Hornbaker says:
AT this time q great deal of in
quiry Is being made of the officers
of the Reno County Wheat Grow
ers Association as to how the wheat
grower is to be financed while he
is holding his wheat for higher
price. If l may be permitted the
space in the county papers will
give the members of the Association
what information l have along this
line. There Is no doubt that it is
highly necessary at this time that
the wheat be held If the farmer is to
receive fair price for his product.
The wheat gamblers are getting in
their. work at this time and of
course it would be very gratifying
to them II the farmers would be
come discouraged and sell all their
wheat at the present market or
less.
;"All the wheat growers should
know that there is no surplus OF
wheat in foreign countries and that
in sixty or ninety days they must
buy our wheat or 60 hungry. am
firmly of the opinion that we can get
our price for our wheat II we can
keep from glutting the markets
and not allow it to accumulate in
the hands of the grain spectators.
Let us stick true to our promise
and be true to ourselves and our
fellow man. We have put price
tag on our wheat. Let us stand
pat and obtain the price. It is no
more than is justly due us and II
we are to stay In the wheat raising
business we must have that price.
No other business in the world can
run on at loss and neither can the
farmer. This fact is evidenced
throughout the country by the
number Of wheat growers that are
quitting and going to work for
someone else.
The great question to the man
that has wheat is How can obtain
help financially while I am holding
my wheat?@ At the recent County
Bankers Association held here at
CastletOn, practically all the bank
ers OF the county signified their
willingness to help the farmer hold
his wheat for the higher price. The
banks In turn will be backed up
by the Federal Reserve banks
throughout the country.
About forty days ago the Nat
ionRl Wheat Growers Association
sent committee to Washington,
D. c., to confer with the Federal
Reserve board on this matter. Mr..
Harding, director of the Federal
Reserve board of the United States
told that the committee that paper
secured by wheat In the farmers
granary, when taken by the local
banks. throughout the country
would be freely discounted by the
Federal Reserve banks and that in
this manner the wheat growers
could secure plenty of money to
take care of the necessities till such
time as he could market his pro-
duct profitably.
"Of course, farmers should use
care and Judgment in this matter.
II you already have all borrowed
on your wheat what 1t Is worth,
even at good price, then it would
be folly tor you to ask your banker
to help you with loan unless you
have additional security to back 1t
UP. 1t Is the time for farmers who
have to depend on borrowing to be
very careful in the use they make
of the money that belongs to the
banks. It should be used for the
necessities only. After you have
marketed your wheat and have a
surplus OF cash, then it is time to
think about the automobile and
the luxuries Of life'
Resigns Granada Bank Position.
Don 8. Hawthorne, assistant cash
ier and director of the American
State Bank, resigned his position
last week to accept the manage
ment of the Bank of Bronson at
Bronson, Kans. Mr. Hawthorne
still retains his interest. in the Ora
,,oIn ha~1y or1 o1co hic foruoir,fy n ;,,