Weekly journal-miner., 1921-09-28
VAR FINANCE
 WORK STARTED
Local Agricultural Agency for This District Organized at Los Angeles Under War Finance Corporation Plans
Especial to the 1ournaI-Minern

LOS ANGELES, Sept. 23.-Before leaving for the east yesterday to at tend the presidents conference on unemployment, Henry M Robinson, regional chairman for the war finance corporation and president of the First National bank of Los Angeles and the Los Angeles Trust and Say ings bank, called his committee to- gether and organized for work. Fol lowing the organization it was an nounced that similar headquarters have been established in Indianap- olis, Louisville, New Orleans, Denver, Memphis. Fort Worth, Richmond Spokane, Cheyenne, Columbia, s. C. Minneapolis, Helena, Jackson, Omaha, Raleigh and Portland.
 The local committee consists of Henry NJ. Robinson, Charles s. Toll, w. JsDoran, Los Angeles; R. D. Nc Cook, San Bernardino; Leroy Holt, Fl Centro; M. I. Powers, Flagstaff; H. J. McC1ung, Phoenix.
 Following the session of the com mittee, the following official state ment of procedure from Washington was issued by Chairman Robinson:
 Local Agencies
 "The war finance corporation an- nounces that it has appointed local agricultural loan agencies in the va rious agricultural and livestock dis tricts throughout the country, whose duty will be to receive applications for loans in their districts under the agricultural credits act recently pass ed by congress, and to make recom- mendations as to these loans to the war finance corporation.
 Under Bankers
 "This method of procedure will save a great deal of time to the local borrowers and will give the war fi- nance corporation the benefit of the and local knowledge of conditions by the bankers, who will compose the agricultural loan agen- cies. As the administration of the act is almost entirely a banking propo- sition, the list of members consists of bankers, both state and national, who are familiar with agricultural conditions in their sections Tn order that frequent meetings of the com mittees may be held, it was found necessary to appoint three members in or near cities where agencies are located Where two or more states are served by one agency, members were appointed from each state. The names were chosen on the recom- of the various business organizations in the different districts Members of the committees are un- paid and the corporation has been gratified at the very large proportion of acceptances on the part of the in i 1ividuals selected, indicating that they -ealize the opportunity for great pub lie service.
 How to Apply
 "The procedure in making applica- ion for loans will be as follows: The financial institutions desiring an ad- vance will fill out the application orm, which can be obtained from he nearest agricultural loan agency, ederal reserve bank, or the war fi- nance corporation at Washington. orms will be submitted in triplicate o the local agricultural loan agency. The members of the agency will then investigate the case thoroughly and will send the application form with heir recommendations to the war finance corporation. If the applica- ion is finally approved by the cor ,oration, the money will at once be made available to the borrower.
 "All of the committees are not yet eady for announcement, as some of hose invited to serve on the. com nittees have not yet answered. The ,ther committees will be announced rom time to time as their member hip is filled"