The Carlisle independent., 1920-10-21
BANKERS TO LEND EVERY AS
 SISTANCE
Will Support s Per Barrel Minimum
 Price for Southern Rice

Jennings, La., Oct. 17.-At meet ing in Crowley last week of the bank CTS of Southwest Louisiana who are vitaIy interested in the rice industry an agreement was signed by about thirty bankers, which means that they will lend every assistance possi- ble in financing and carrying matur- ing paper of farmers and planters now held by these institutions, so that the rice will be marketed in an order ly way and in a manner that will re- suit in as small a loss as possible to the rice grower. The situation with reference to the marketing of the present crop has been so serious as to warrant the producers in exertlng every effort to obtain price for then product that will in some way reim- purse them for the actual expense put out on the present crop. The 1920 rice crop has been produced with labor and other expenses at the highest peak and many farmers at the present price will not be able to pay expenses.
 The agreement entered into by these institutions is as follows,
 First-The recent drop in prices of all staple commodities has carried rice with it to a point far below the cost of production to the average farmer.
 Second-The 1920 crop has been financed and in another week will practically be in the warehouses in splendid condition.
 Third-We believe that there is a point below which rice should not be sold.
 Fourth-The Southern Ri3e Grow CTS Association has frankly met the situation by setting a prize of $5 ger barrel for No 1 and No. 2 Blue Rose as basis price for the 1920 crop in order to admit of large domestic and export movement.
 fifth-We therefore, eepresoEtlps, the financial interests in the rice ag- ricultural territory of Southwest Louisiana advocate and wll sustain a plan to stand behind 2 movement to support the basis price set by the Southern Rice Growers Association of S5 per barrel for No. and No. ? Blue Rose.
 "We believe this price is so far be- low cost to the farmer, that in order to protect all interests, we respect fully urge all farmers, bankers, mer- chants, Warehousemen and millers to stand by this figure as the basic price for the 1920 crop.
 Sixth-We favor and suggest the Southern Rice Growers Association collect , cents per barrel from ev- eryone of it's members towards an advertising fund for rice, and that every miller who buys rice outside of the association should condition his purchase on 5 cents per barrel being deducted to go into the advertising fund. We believe that advertising and demonstration is for the cruX of the whole situation in the movement of this crop.
 Seventh-We will view with dis favor any farmer who sells his rice below this basic price.
 Eighth-We will also view with disfavor any miller who attempts to buy rice below the figure named.
 Ninth-We will view with special disfavor any farmer or miller who after this date, contracts to mill rice on toll.
 Tenth-We will lend every assist ance possible in financing and carry ing maturing paper now held by us so that this rice crop will be mar keted in an orderly way as fast as the mills can get the rough rice into the clean, and into consumptive de- mand.
 The above resolutions were signed by the following banks:
 Rayne State Bank, Rayne, La, by Mervine Kahn, president.
 First National Bank, Crowley, P. L. Lawrence, president.
 Bank of Gueydan, Gueydan, o. k. Hopson, president.
 National Bank, Welsh, E. Willard, president.
 Crowley Bank and Trust Co.,, Crowley, H. M Bone, president.
 First National Bank, Elton, G. A. Courtney, president.
 First National Bank, Oberlin, Jos, Ikes, cashier.
 Galcasieu National Bank, Welsh, E. Charles, Vinton, Lake Arthur, Sul- phur and Kinder, La, Frank Roberts president.
 Jennings National Bank, Jennings D. c. Ritchie, president.
 First National Bank, Lake Charles N E. North.
 Lake Charles Trust and Savings Bank, Lake Charles, N. E. North.
 Commercial Bank of Rayne, Rayne R. C. Holt, cashier.
 American Bank and Trust Co.,. Eunice, Louis Mayer.
 Farmers Bank and Trust Com- pany, Church Point, P. R. BreauX cashier.
 Commercial Bank and Savings Bank, Church Point, Lloyd Franques cashier.
 kel, president.
 Berwick.
 Bank of Kaplan, Kaplan, A. M Smith.
 First National Bank of Abbeville Abbeville, J. N. Green.
 Bank of Lafayette, Lafayette, J C. Berry.
 Broussard Branch of Bank of La fayette, Broussard, H. Billeaud TnanaQeF