The Fallon standard. (Fallon, Nev.) 1920-1958, 1921-06-15
Farm Loan
Official Denies
Berkeley, Calf, Federal Land Bank
Official Maintains That This
Project is Treated Well


lon chamber of commerce, is in re-
ceipt of letter from the president
of the Berkeley. Calf. federal
farm loan bank which is more or
less battling in its text. The belief
is entertained by local minds ana
lying the letter content that the Of
fetal wrote carbon copies and pre-
pared a brief for forwarding to the
members of Neyada's congressional
delegation who are now at work in
the national capital on the project
of securing sanction for federal
farm loans within the Newlands pro-
ject.
makes especially desirable the ma
turing of the plan to introduce gov
ernment moneys into this valley for
legitimate farm development. These
are loaned at a minimum of cost In
interest charges and would prove
distinctly beneficial for the several
interests In this valley, the prime
interest being farming which would
of course occupy the role of chief
beneficiary.
Other government reclamation
projects have established standing
with federal farm loan authorities
and have enjoyed cheap moneys
for several years.
The lack of drainage in certain of
the Newlands project districts has
operated to prevent the sanction
granted lands within others of
Uncle Sans irrigation projects and
for this reason, along with many
cal minds that the drainage under
taking 80 auspiciously set In motion
last year may be matured with all
possible expedition.
The letter of the Berkeley official
follows:
Dear Sir:
We have your letter of June 7th.
Can you tell US why. Mr.. Davis,
practically every letter written from
Fallon concerning farm loans con-
yeys the impression that the letter
has been written by man with a
chip on his shoulder, including your
letter of June 7th?
We are perfectly willing and glad
to discuss farm loan matters with
anyone in your district, and the vol
luminous correspondence we have
had with the Truckee-Carson N. f.
l.. A., of Fallon, will bear out this
statement. II you will go through
ha af ha I'd
find what we think good reasons
why there have not been more loans
made through that association.
You refer to the fabulous sum of
ten thousand dollars" that has been
allotted the association. Perhaps
you do not realize that the allot-
ment, If 1t had been made on the
same basis as allotments to other
associations, would have been $3,-
800. We arbitrarily raised it to
$4,000. Many associations with
much more land available for loans
have been allotted less than the
Truekee-earson Association. Our
share of the recent bond sale was
S2.350,000 TO cover the state of
Nevada, Arizona. Utah and Cali
fornia. We made the allotment of
$4,000 on April 21st. and to date
not single application has been
sent TO the bank If the association
does moi need their allotment. we
should like to be advised, so that 1t
may be placed elsewhere.
Ever since the Truckee-C Carson
association started. they have been
quarreling with the bank. During
this time, we have loaned over $1S,-
100000 to over 5000 farmers,
through approximately two hundred
other National Farm Loan Associa-
tions, Il may be suggested that the
trouble Is not all with the bank, in
view Of what We have done through
other associations. The matter has
been referred to the Nevada Con
gressional delegation previously. We
shall be pleased TO discuss the mat
ter with them, with members of the
Farm Loan Board, any and all mem
bers of the Farm Loan Association
or a representative of your club.
III Nht hibi pldNts Hpiit nine VI
ten of the applications were from
applicants who were unable to pay
off the government reclamation con-
struction charge. which Is first
lien; many others applied for loans
on land that was in need of drain
age; several applications were with
drawn; a number of those approved
were never closed. In fact, within
the last twelve months, one or two
of the loans we approved when
money was very scarce were not
closed, through no fault of the bank,
even though we wrote numerous
letters and held the matter open
practically year.
We have had four or five different
appraisers go over the lands under
the project, including our former
chief appraiser and .one of our engi-
neer-appraisers. Our engineer-ap-
praiser made report on the district
indicating which lands under the
project he considered eligible for
our loans. A copy of that report
was sent to the former secretary
treasurer, Mr., Coe. Mr.. Coe wrote
us that the report was entirely fair
to the district, and he appeared very
much gratihed with 1t.