The Delta independent., 1921-11-25

we get down to permanent financing
institution The War Finance Corpor-
alton charges 6 per cent to the bank.
Under the law the bank can reloan
this money to the farmer at any point
ALLEGATION of funds among sections or
institutions. It has no authority to do
SO. Each application for loan is
considered strictly on its merits. in
accordance with the law. In order to
facilitate the operations Of the cor
poration. regional committees have
been established for tho purpose OF
considering all applications in their
regions for loans. The committees in
charge of these regional Offices. or
headquarters. pass on each application
from their territory and forward the
same. with recommendations. to the
offices of the corporation in Washing
ton. The only exception to this is the
application for loans made by CO.
operative associations. Such applica-
tions should be sent direct to the War
Finance Corporation at Washington
and not through any regional commit
tee.
27 Regional Headquarters
Up to date committees have been
appointed and regional headquarters
established at Little Rock. Arkansas.
Los Angeles. San Francisco. Kansas
City, st. Louis, Salt Lake City. Co.
lumbus. Ohio; Des Moines Chicago.
Detroit, indianapolis. Louisville. New
Orleans. Denver. Minneapolis. Helena,
Montana: Jackson. Mississippi: Oma-
hn RnlofUb Narth
land. Oregon: Memphis. Fort Worth.
Richmond. Virginia: Spokane. Chey-
enne. Wyoming; Columbia. South
Carolina
Other regional headquarters and
committees will be appointed from
time to time as the work OF the cor
poration increases.
Livestock Looking UP
The War Finance Corporation an
nounces the Organization OF q new
livestock loan company at Albuquer.
que. New Mexico. The company is
composed Of livestock men. bankers
and business men. with q subscribed
capital stock OF 100000 II win re.
ceive advances from the corporation
for the purpose OF assisting the live
stock industry in New Mexico. Tnis
ID only one of many livestock COM
panies which are now being formed
in cooperation with the War Finance
Corporation.
Another such company II being
formed In southwestern Kansas with
capital stock Of not less than $500.
600. with the probability that 81 .000.-
900 will be subscribed. The corpora
ton has agreed TO make large ad.
vances to this company as soon as
It's organization In complete.
Still third company now being
formed is capitalized at S5O0.0OO and
Is composed OF livestock interests in
the vicinity Of Houston. Texas. A
great many other livestock companies
are In process OF formation. but have
not reached the point OF completion
where the War Finance Corporation
can. finance them.
The effect Of all Of this is to relieve
the pressure upon the livestock mar
ket and stop the sale Of immense
amounts Of immature and breeding
stock which is now being put up at
forced sale. A good example OF this
chairman OF the Montana regional
10 Afforded In Montana. A Telegram
to the War Finance Corporation from
T. A. Marlow Of Helena. Montana.
committee. states that shipments OF
breeding herds from Montana have
almost entirely stopped as the result
OF the liberal financing the Montana
livestock interests are receiving thru
banks and loan co,u nm nto, - .Adt
tion to this two or three livestock
companies are in the process OF or.
ganization In Montana and they will
be taken care Of by the War Finance
Corporation as soon as they are com.
pleted.
List Of --latest Loans
The War Finance Corporation an.
nounces the following advances on
agricultural and livestock loans: To
three banks in Iowa, $4,000, SIS, 900
and 10000. respectively: to q bank
In North Carolina. $400, 900; TO 4 bank
In South Carolina. $1,000 to three
banks In South Dakota, $3O0. 900.
$4,000 and $4,000. respectively; to
financial institution in New York
financing group of farmers, $780,
900; to q bank In North Dakota, S15,-
900; to bank in Virginia, .926, 900; to
two banks In Nebraska, 3s,776 and
$500. respectively; 70 . Kansas
bank. $1,000; to North Carolina ex.
porter OF tobacco. $4,000: TO . bank
In Montana financing livestock, e46,-
900; to = bank In Texas financing
livestock. $4,000.