Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1921-01-27
PLANS FOR PROMOT-
ING DAIRY INDUSTRY

Through communication from
E. Randall, cashier Of the Bank {
e Commerce, Springfield. Mo-, we hay
!. secured a little more light on tn
proposed plan of a 100000 fun
with which to finance farmers an
encourage and help them to get in
to the dairy business, or help thos
, who are already in it, to expand. W.
consider this one of tho bigges
movements for this part Of the coun
tIy that has ever been promoted
, and without doubt these banking in
s-itutions of group Seven will pusl
this movement forward to eomplet
ion, and put it into actual practice
and working order within the next
few months.
The conditions for successful dairy
ing In the OZarks are bette: than in
any state in the Union, not except
ing even Wisconsin. toe banner
cheese and dairy state. We happen
to know of the movements in Wis
consin which mad, that state fam
tus as dairy country and that 1t
vas mainly promoted by group of
bankers, along the same lines and
in the same manner, that the
matter is now being taken up, by
group seven of the banks of this
country of which this territory COM
prises.
Our Commercial Club, and the
Clubs of other Ozark country towns
should take this matter up and as
sist in, and encourage the move
ment.
The following will give q few
lights on tht general plan:
No. /. For the purpose of con-
Quoting systematic and continuous
scheme for the development of the
dairy industry in the territory Of
Group Seven of the Bankers AS
sociation the following outline of
plan for same is submitted.
No. 2 A revolving fund is to be
created for the continuous financing
of buying cattle for the territory to
cover a. period of ten years.
No. 3 Fund to be raised by each
participating bank putting in a GER
tain per cent if its capital stock.
No. Entire fund to be under
control of and used under the direc-
tion of committe selected by the
participating banks.
No. 5 Secretary-Treasurer shall
be selected by participating banks
whose duty it shall be to"keep full
and complete record of all proceed
ings relative to the raising, hand
ling and using Of said fund.
No. s Each participating bank
shall pledge its part of the fund but
shall only be required to pay same
as needed. The Secretary to be EN-
powered under the direction of the |
committee to draw on the several
banks for the fund as needed and in |
the same proportion to the whole |
amount pledged by each bank as the |
amount needed shall bear to the to-
tai fund pledged.
No. Farmers to be loaned |
from this fund rs per cent of the
cost of the females taken by them.
No. 10 Interest rate to be s
per cent, one fourth of the interest |
received to be placed in a fund to
be used for covering any possible
losses.
No. IL Each individual farmer
to make satisfactory arrangements
to make the payments secure, the
local banks in each community to
furnish the committee with neces.
sary information and recommended
ions as to safety and reliability of
each farmer taking cattle in their
respective territories.
No. IL Farmer to pay two dol
lars per week for each female secur-
ee thru this fund, during time such
females are in milk, final payment to
be made not later than eighteen
months after receipt of cattle. Pay
ments to be made faster at option Of
farmer.
No. IA. The purchase of cattle to
be Holsteins. Jerseys, Guernseys and
Ayrshires. Bull Clubs to be formed
or other satisfactory arrangements
made whereby all females shall be
bred to Registered bulls of the same
breed as the females, said bulls to be
approved by the committee.
No. Is. The females shall be
high grades except in such cases as
in the Judgment of the committee,
better ends will be served to buy
pure-breds.
No. II. In the work Of organiza-
ton, consideration is to be given to