Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1921-01-20
TO PROMOTE DAIRY
ING IN The 0ZARKS

pOrtant one, and II the plan is car
ried out by these men, and along
these lines. it will prove great ben
eft and boon to this part of the
country and the Ozarks in general.
Read it over carefully, and see what
you think of it. II you have any
new ideas on the matter bring it
up at the Club meetings which will
be held in Mansfield. The Club will
keep in close touch with the progress
of this movement.
To the Bankers of Group Seven:
Missouri Bankers Association.
For good many years, the sever
al groups of the Missouri Bankers
Association at their different meet
ings have discussed agriculture in its
various phases, have had active COM
mittees working along that line, and
have contributed a great deal to-
wards the upbuilding Of that par
ticular industry. However, as far
as know, a concrete plan for the
purpose of rendering direct financial
aid has never been adopted by the
bankers as group.
In discussing the dairy proposition
with Mr.. English and Mr.. Nc
Dowell of the Frisco Development
Department, an idea was suggested
that the members of Group Seven
by voluntary action, as of course, no
action of this kind is binding on all
the members, but must be voluntary
could and should, create COM
mitee from its members, authorizing
this committee to issue certificate
Of membership to each contributor
which certificate would be evidence
of a loan made by each bank for the
purpose of developing the dairy
business. This certificate would
draw interest and, in my opinion,
would be one of the best loans that
the bank could make.
This plan would have the purpose
of placing in the hands of this COM
mittee as the need would arise, a
large sum of money. which, in CO.
operation with the Frisco Develop
ment Department, could be invested
in young dairy cows of an age to be-
gin Immediately to bring in finan-
i, cisssseetnrn ci rhesc cows could be
sold on the payment plan to farmers
through the district comprisins
Group Seven, adding enough to the
price of each COW to cover any neccs-
sary overhead expenses in connect
ion Herewith, and also to cover an
insurance policy against loss by
death or otherwise. The fund would
not have to be applied to any parti-
cular county but to the contrary
as in the case of Springfield which
has an equal interest in all the coun-
ties comprising this trade territory
1T could be placed where the de-
mand for the cows is the greatest
and be used to develop the whole
equally. This fund as repaid would
be invested in dairy cows, and il
takes no expert to figure that with
the increase from the cows them
U selves and the reinvestment from
2 time to time of the fund. in period
} of very few years every locality ii
, Group Seven would be fully stocked
, with high grade dairy cows, bringing
= in a dairy return, increasing the
productivity of the soil and The
wealth of the community, and en-
couraging in large measure the de
velopment of what is now nonpro
ductive land.
While all of us realize wha
, wonderful strides the dairy industr!
has made in the past ten years, ye
| the figures themselves are startlins
even to those who have been il
s closest touch with the industry. Mr.
!, Mcdowell at this time is preparin:
concise report of the increase il
the Ozark section which the Frisco
railroad covers, which at an earl.
e date will be submitted to you 70
e your consideration.
y When you remember that the com
bined capital and surplus of tn
banks in this Group is approximate
ly six million dollars, and that
+ loan Of even five per cent of tn
capital and surplus of each bank t
h the committee selected by the Grou
>, would amount to around $4,000
which would in the first year at tn
% present price bring into our territor
Ia around twenty-five thousand COW
It and that reinvestment of the pa!
n ments would bring the same numbe
n. of cows each year during the tim
that the fund was in use, toSetht
with the increase in stock by brit
IL brings the total number of his
grade cows up to an enormous III
Y. ure. The return to the banks then
,o,,.,, n, IN, ;ncroase of huSiness