The Coconino sun., 1921-08-12
BIG BANK POOL ? TO GIVE AID 10
 STOCK RAISERS

Relief for the Arizona stockmen IS in sight and those interested are not losing any time in putting into opera tion the machinery necessary to bring to this state it's full share of the $50,- 100000 bankers pool formed recently at Chicago. Bankers of the state are cooperating whole-heartedly and ap- pointment of an Arizona advisory committee of three has already been made, as follows:
 Charles E. Walker, president of the Consolidated National bank of Tucson; M. I. Powers, president of the Arizona Central bank of Flagstaff, and M. B. Hazeltine, vice-president of the Bank of Arizona at Prescott.
 A meeting of this committee will be held at Phoenix within the next ID days, at which time committee plans for operation of the loans in this state will be worked out.
 Arizona's share of the $50,000, 900 pool, formed for the specific purpose of tiding stockmen over the present crisis, depends largely upon the atti- tude of state bankers, officers of the cattle growers association said. It IS bankers pool and judgment of bank CTS in the different localities will be followed by the Chicago board in the distribution of all sums, it is expected.
 Aid For All Concerned.
 The $50,0O0, ,O00 pool is destined to cover the entire west and will be pro- portioned where it is most needed and will do the most good, announcement from Chicago said. Needs of the cat tie and sheep man will be given first consideration, it is thought, but much good will also result through loans to feeders in the northwestern states. Feed is plentiful but stock scarce in such states as Montana, North Da- kota and some portions of Wyoming. Loans to the feeders will enable them to purchase stock in states where feed is scarce and thus bring relief to both sections, officers of the cattle growers association here said yesterday.
 Operation of the bankers pool will be a rediscounting operation, bank officials here said yesterday, and must, of necessity, follow the requirements of rediscounting through the federal reserve banks.
 "To what extent Arizona stockmen will benefit from the pool will depend entirely upon the attitude of bankers" " F. E. Schneider, secretaryof the Ari- zona Cattle Growers association, said yesterday. "The money is in Chicago to be had, and it is now a matter of going after it."
 "A general recognition of Arizona conditions will be essential to bring full share share of the pool to the state," he continued. "The bankers themselves can do much toward tha, end. If the banks go after the money with heart and soul, then stockmen oi the state can look forward to full par. ticipation in the benefits accruinp from the operation of the pool"
 Ground work for operation of the pool in Arizona was laid by Charles E. Walker of Tucson in recent east. ern trip, it is stated. The plan will be furthered by H. J. McClung, presi. dent of the Phoenix National bank who is planning trip to Chicago ir behalf of Arizona stockmen. There is other evidence, Mir. Schneider said that bankers generally throughout the state will lend every assistance tc the Arizona advisory board.
 Officers of the cattle growers asso. citation are also actively at work or the pool. Henry Boice, acting presi. dent of the organization, is devotine his entire time to the cattle interests Sheepmen are also keenly alive. to the advantages offered through operation of the pool and are hard at work.