St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-05-28
Hugh in letter dated sAprI zOth,

Hugh in a letter dated April zOth
wherein he says: :,5s
You VIII be interested to
know, l am sure, that on April
II Senator Edge, at our in
stance, introduced an amend
ment which, If passed, will al
low payments Oh the capital
stock to be made at the discre-
ton Of the directors. This will
be very helpful in securing unit
ed support throughout the coun-
try to this important undertak-
ing. 1t ii will give assurance
that the funds will be called
only as actually needed and as
they can be safely and protitably
employed in financing foreign
commerce. It is also right IN
line with the suggestion which
you made to make it possible
tor the farmers in your section
to become actively interested IN
this corporation"
Mr.. Arnett was appointed as a
member Of a Supervising Committee
OF three to represent Oklahoma IN
the organization, but because OF 4
Dress of other matters was unable
TO serve.
One of the other matters was the
of an Economic Survey
Tor the American Bankers Associa-
zion, in acknowledgement of which
President Drum wrote the following
letter:
Dear Mr.. Arnett:
Let me express the warm
appreciation o. the American
Bankers Association for the as
sistance you have given the As
sociation in making it's Eco
nomic Survey Of the United
States.
Your cooperation and the
pains you have taken to deal
carefully with our country's
business problems have been
particularly beneficial and the
expression Of your view has
been OF great assistance in MAX
ing comprehensive picture OF
our economic conditions which
Will, | am confident, be of real
value"
What Mr.. Arnett is doing freely
md without compensation elsewhere,
le has stood ready to do here, but
le hesitates to waste time in any
which does not have the
hearty and unqualified support Of
hose who are HOW financially more
than ne in the prosperity
II this parish. He had intended to
make all his investments here, and is
till of the same mind; but obvious
y he can have no interest in any
he has SO far made here
lnless extensive drainage Improve
nents are also made in the vicinity
# the lands he has and in addition
would acquire. And Of course he
would not risk the doubtful expert
nent Of expensive Improvements on
is own lands, while adjoining own
rs were Indifferent Cor hostile to
UGH Improvements.
! may say therefore that Mr.. Ar
ett's future interest in this parish
5 necessarily dependent upon the ac-
ivities of it's own citizens and land
wners. However, nothing, appar-
ntly, can disturb the abiding faith ,
6 manifests in the good Judgment
t the people Of st. Tammany. He
ays: "It is merely a matter of time
ntil We will all see it alike" Mean |
III lie, he instructs me to continue
" research work, SO that l may
lways state the truth, the whole
ruth and nothing but the. truth in
~ articles for The Farmer. He
lso has requested his only daughter, !,
'ho, since her recovery has taken
p cartooning and opened a studio
| her fathers tuild'ne to prepare /
series Of crude cartoons illustrat- .
lg the possibilities Of sThe Ponr /
lartrain Fruit and Truck District.
hese will be prepared as Miss Ar
ett's health and strength will per-
it, with the thought Of release
erially whenever the 4s brains Of
le parish are of the opinion your /
eaders are ready for them.
Very truly yours,