The Owosso times. (Owosso, Mich.) 1897-1926, 1921-10-28
THE OWOSSO TIMES
Following articles from Oct Shia-
wassee Farm Bureau News:
A BILLION FOR FARM CREDIT
War Finance Corporation Estab-
fishes Loan Agencies in
Principal Cities.


Principal Cities.
The War Finance Corporation is
rapidly perfecting the machinery for
making available to agriculture the
1,000,000,000 in credit recently
authorized by Congress. Eugene
Meyer, Jr., managing director of the
War Finance Corporation, is now on
a tour of the western agricultural
country to survey the credit needs.
His schedule is: Los Angeles, Sep
TENDER 10; Salt Lake City, Septem-
Der %; Denver, September %; Hut
Crimson, Kan, September "a; Kan
sas City, Mo-, September "a; Omaha,
September 26; Des Moines, Septem-
Der &c; and Chicago, September %.
The American Farm Bureau Fedora
ton has asked Mr.. Meyer for con-
ference when he arrives in Chicago.
If the request is granted, it is plan
ned to invite representatives of the
various state farm bureau fedora
tons to attend.
The general plan contemplates
agricultural loan agencies in the
principal cities of the country. The
agricultural loan agency vii receive
applications for loans from banks,
trust companies and cooperative or
CARNATIONS. Special application
forms for these loans will be made
available for any farmer or farm
ers' organization, bank or trust COM
pany. They may be obtained from
the agricultural loan agency, a Fed
eral Reserve Bank or the War FL
nance Corporation in Washington.
When approved by the loan agency,
the application will be submitted to
the War Finance Corporation. If
approved, the money will be made
at once available to the borrower.
The War Finance Corporation is
completing its list of committees,
which will advise in regard to loans
requested by any bank, banker, trust
company or cooperative organiZa-
ton. 1t is understood that these
committees will be composed Of five
representatives of bankers and bus
mess men. 1t has been suggested by
the American Farm Bureau FEEDER
alton that farmers also be included
on the committees. Farmers are not
always borrowers, and they know the
needs of agriculture better than any
other class. The membership of the
committees and their location, to-
gether with specific instructions for
applications for obtaining the loans
will be made public by the War FL
nance Corporation within the next
few days. Three members of each
committee will be selected from the
city or town in which the headquar-
tiers of the loan agency will be To-
Gated. The application forms are
being prepared in the Government
printing Office and will be placed in
the hands of the committees. While
the committees have not yet been an
nounced, it is understood that the
chairman and headquarters named to
date are as follows:
Evans Wooden, Indianapolis, Ind.
James B. Brown, Louisville, KY.
F. w. Thomas, Omaha, Neb.
r. E. McGregor, Minneapolis,
MINI
Albert A. Reed, Denver, Colo.
T. A. NARROW, Helena, Mont.
Edward Cookingham, Portland,
Ore.
r. L. Rutter, Spokane, Wash.
George r. Abbott, Cheyenne, Wyo.
Charles Claiborne, New Orleans,
La.
Oscar Newton, Jackson, Miss.
r. B. Snowden, Memphis, Tenn.
j. r. Young, Raleigh, N. c.
Marion SAMSON, Fort Worth, Tex.
Richard E. Cunningham, Rich
mond, Va.
J. Pope Matthews, Columbia, S. c.
The American Farm Bureau Fed
Grafton has been most active in its
support of this measure. The gen.
eral plan was originated in the Fed
Grafton office last January. Farm
Bureau officials have been in con-
slant consultation in working out the
details of the measure. The Ameri-
can Farm Bureau Federation is now
insisting that the credit be made
available for the individual farmer
or cooperative organization in the
simplest and most direct way pos
sible. Full announcement of pro-
cedure will be made Immediately
upon completion of the plans, which
should be within comparatively
short time.