Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1921-10-03
HOW TO. GET
farm Loans
Director in War Finance
Corporation Tells how
to get, Farm
Loans.
SEES BETTER DAYS
Is Aiding in. Distributing
Money for Farm
Loans.

AAOAAsJs
Chicago Tribune: Better times are
near for tho farmer, according to En-
gene Meyer Jr.,! director of the war
Finance corporation, who stopped Iii
Chicago yesterday to tell the American
Farm Bureau federation and the farm
crs' live stock committee how money
can DC borrowed from his billion dollar
organization to aid agriculture.
He is out aiding in distributing
money that is to be loaned to farmers
rather than wait for farmers to come
Ito him.
The live stock situation is the biggest
problem to solve, he thinks, and AIDE
duate financing of live stock involves
the marketing Of grain. 'N 'i.=
Mr.. Meyer has been studying condi-
tions iii the western states where he
finds plenty of feed, but the growers
and bankers are discouraged, lie says.
He is, urging farmers and Breeders not
To market their young stock before it is
mature. While he admits that farm
ers and rural bankers have real prob
lens 10 worry about, he assures them
there is ample credit to finance their
opera tions and that the time has come
for them to look forward ia thcr than
backward.
Farmers Can Hold Their Stock.
The money that is now being loaned
by the War Finance corporation
through the banks and live stock com
panies will make it possible for stock
men to hold their stock and move ii:
on the market in an orderly manner.
lie said The loans may be rediscount-
cd and will bring about a more COM
Portable situation all along the line.
Conditions will be made better. he
thinks. as soon as a few million dol
lars are put out in !, state. Not only
will, borrowers be- benefited ,'hnt the
pressure will be lishtcned on banks.
thus making lgnlls available. for other
industries. 4 ~..,z
On his trip, Mr., Meyer said he found
AZ. lack Of confidence among bankers
and farmers. as well as Il lack OF money.
He is confident the corporation will be
able to cope with the; situatior5
.7q4,s Getting Back 70 Nsrlna'.
q. but what assurance, does the farm
or or feeder have that he will he pro
vidcd with the proper outlet for his
Hive stock after he has borrowed
money and fitted his stuff for the
market" Mr.. Meyer was asked.
THE most outstanding assurance Is
that the country is surely returning
|to normal" he said. fst4.
And hc finds the live stock situation
comparable to the cotton situation IN
the south month ago huge surplus
and no market. looming money to The
cotton growers has strengthened their
I:buying power.
"Thc Improvement in the cotton stu
alton has helped the live stock industry
materially" Mr.. Meyer said do not
forget that there are two or. three meal
i'm the south able to buy 10 every one
,,inempolyc,I. The same men n. month
|ago were living Oh corn peal ami
water" .i
Expeets Prices to Increase.
| MIR. Meyer predicts that live stock
prices will increase during the next
four weeks. while II. w. Mumford.
member Of the farmers live stock mar
ketipy committee OF fifteen, disagreed
with him. saying that hc thought prices
would go lower.
| In discussing export problems Air.
Meyer said that the exchange situation
made it gamble for Europeans to buy
from America on credit, explaining
that when they buy goods on credit
here they borrow u dollar, and when
they sell goods they have TO ta6o Tor
cig1l money The rate of exchange
makes such business risky. E
Mr. Meyer urges farmers to handle
|borrowed money wisely warning them
that credit Is like drug 1t Is good
for those who use 1t properly. but deiri-.
mental 10 those who abuse IT..
II is his opinion that the buying pow
or of the people Of the United States
will advance and may reach normal
within six months. a-'t7l 'r@
defy the whole country, to commit