Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-10-20
K|MBROUGH TAKES
UP CATTLEMEN'S
PRESENT PROBLEM
WRITES JUDGE RAMSEY con.
CERNING MARKET AND MON.
~ CONDITIONS

WRITES JUDGE RAMSEY CON.
CERNING MARKET AMI MON.
~ CONDITIONS
The acute conditions of the cattle
market and tho disastrous effects up
an the cattlciucn's interests are be-
coming more and more a matter ~
concern % the clitl,mcn 81 the Pan
handle ana 10 those who are Intimate
Is associated with the cat,lcmen.
Judge W. II kimhrough. on behalf
ui the Panhandle clitlcmcn In general
aud s,snc of them In particular, took
mp with Judge W. r. Ramsey of the
Federal Reserve Bank IL Dallas. the
question II inducing the Federal Fin.
anrc Corporation to postpone the liq.
uidation 81 its mortgages Tor such a
time as would enable the ca,tlcmcn 10
market their cattle at n fair price.
Judge kimhruughs letter 81 Judge
Ramsey ~ ~ follows
Write Judge Ramsey.
Amarillo. Texas.
October Q, 1890.
Judge ". = Ramsey,
" Dallas Texas.
Dear Judge:
II do not know how closely In touch
YOU are with the Federal Finance Cor.
porntion which Is carrying large
amout 81 cattle loan Indebtedness for
the cattlcmcn IN wcscdn Texas ] saw
IL stated IN IN" newspaper sometime
ago that you had been East to So
something about getting some indul.
gcncc extended To- them. ! am writing
therefore. to say that II there was ev.
cr time when they needed a little
extension II their Indebtedness. Il
certainly Is now. II has 20 happened
that ] have been brought In direct
touch with some az the parties who
have cattle loans now falling due and
! know that they are meeting with
tremendous diSarpolntmcnts and hav.
INK to incur faghtful expense and un
dcrgo ruinous sacrifices In trying 20
meet these obligations IN part. The
cattle market has, according 20 IT,
ports have received from parties di.
r'Cuy interested, gone to- pieces worse
than u has ior a great many years
Some Of the most successful and
prominent, men In this part Of the
country have ahippcd their best cat.
tie to Kansas Guy within the last twn
weeks only tu be- told that there were
M buyers 40 all. OF that the bids of.
icrcd would involve loss of SIS 10
$40 or $50 FER head. In some in.
stances the buyers simply would not
bid ~ AL and the shippers have had
~ 60 10 Kansas CITY and arrange Ito
have their cattle carried back Ia Kan.
sas pastures. The situation Is really
irighiiul. ! have an idea that certain
Interests are bringing these conditions
about just as they did IN 1896 10
fore" the election ~ "A certain Candi
fuf.. Ft.tH Nh.. N.V..gt.1.Vs.aaH
soon as the election IL over conditions
viii stabilize and business will begin
again. hut | dn believe that II the II.
nance Corporation insists upon the Il.
quida,ion of their mortgages during
the present month, It Is going ~ bring
Widespread disaster to the Cattlcmcn.
How Il X done, ! do not pretend 10
Know, bu, that the packers aud their
allied banks and other allied inter.
cstS are able 10 run the price of cattle
up and down ~ viii u fact which
can not be- disputed: that lust NOW
they ga, running the prices Of cattle
down, nave already run them down to
below ten cents per pound and al IN.
same tim. thaVo KEEP the prices of
beef at the butchers stall m 10 shock.
ing figures, ~ not To- lc denied. That
there - political slgnifcanc. to Il
", of course. a matter of conjecture
with me hut | can not account for
IN" present squeeze In any uhcr way,
and ! remember that IN 1896 we had
similar conditions In IN. cattle mar.
kct ana that Immediately after tho
presidential election business revived
and cattle hogan an ascending scale
which really never stopped until AZ.
ter tn" armisiice IN 1918.
Il wish you would consider this
matter a>lin, as ! am sure you have
already considered a., and interest
yourself with all ~ your influence to
get a little respite for the cattlemcn.
~ least until the election IL over Ii
something II not done 10 get them a
little caS'. they are going To be- ruin.
I'd by tho hundred.
Yours truly.
Nv. II. Kimbrou.h."
Ramsey REPLIES
In response Ia his letter. Judge
Ramsey, for many wears n close per.
sonal friend Of Judge kimbrough. and
frequent associate IN the legal pro
| tesAon, replied ~ follows:
Federal Reserve Bank ~ Dallas,
October :. 1920.
Mr.. w II Kimhrough.
Amarillo. Texas.
Dear kimhruugh:
II have your letter ~ the 9Th.
| which have very carefully read,
ana which | am taking the liberty "
forwarding tn Mr.. \. ". Mclean,
Managing Director Of the War Fin
ance Corporation.
II expect To be- IN Washington on
the 18th and for several days thercaf
ter. and am going 10 try 90 exert all
the influence ! have To- secure liberal
treatment for our stock raisvrs. What
can de-. ct course ! don't know.
Yours very truly,
wv. y. Ramsey. Chairman"
Individuals interested IN the si,pa.
ton are anXinusly awaiting the result
oi this correspondence. Thos" who
know II Judge RamScy's influence
with tho Federal Finance officials be-.
li"Vc that II any single indiyidunI can
secure additional consideration Tor tho
cattlunon, Judge Ramsey can perform
that task