, 1921-10-06
ktlItf PKUMIStU
Bankers of Wyoming
Have Meeting in Chey-
enne With Director
Meyer of War fin
anCe Corporation

Representatives OF the three Raw
ms banks were in Cheyenne recent
ly attending a conference Of all
Wyoming bankers.
Those who attended this confer
ence with Eugene Meyer, director of
the War Finance Corporation. state
that in their opinion considerable
relief will be obtained for Wyoming
Livestock owners from the Finance
Corporation.
The Cheyenne Tribune carried the
following account Of this conference:
After his conference with the Wyo-
ming advisory committee today.
Eugene Meyer. director of the War
Finance corporation. addressed about
30 representative bankers who had
come to Cheyenne to meet him and
gain some information first hand
concerning the operation of the War
Finance board with respect to vest
ern interests.
Meyer, in ar informal talk, said.
The government has never had a
better understanding of the coun-
try's primary financial needs than
now. The attention of the treasury
department., the president and the
board | represent has been especially
directed to the problems of the
south and west. Following the war
the decentralization of credits abroad
the south had upon its hands T.
900 900 bales of cotton with no
available market. The government
stepped in and through our
ton financed the export OF one mil
lion bales. the good effect of which
was felt not only in the south but
in the horse. mule. livestock M
grain markets Of the north and west.
These products began to move.
THE south is now out Of the hole.
Frozen loans are thawing out. We
hope to do the same for the west.
When money for your needs is pro-
vided. forced and premature sales of
your products will be eliminated,
business relaxation from its present
strain and tension will follow and
you will get more or less quick re-
suits.
ALREADY Nevada and Utah are
being organized to take advantage
Of the present law and the
at the disposition of the war finance
corporation. You have a splendid
committee, men who understand
your needs and ! beliece funds will
be Immediately available-that is.
within a reasonable time on a con-
SlueIdDlt SCdle. IOuT i've SJUCk IN
dustry requires special attention.
The government has confidence in
values. in the industry and in the
people. You have 1873 state and ma
tiOnal banks. Application blanks and
instructions will be sent to each
? bank and as loans are made in
compliance with the law, better
times are sure to follow.
six months & all signs pointed
IN the wrong direction. Today they
! are pointing in the right direction
| would not dare be so optimistic did
I not believe that the worst is behind
us. Money is easier in the east.
confidence is returning and your gov
eminent is with you in any legiti-
mate cooperation that may be made
effective under the law"
Senator Warren followed Mr..
Meyer in which he affirmed the con-
fidence Of congress and the war
finance corporation. He said it
functioned so well during the war
that when its activities expired with
the armistice. congress gave it a
new lease of life. It's power have
been extended to meet present
tanning greater assistance as the
country 'sneeds develop the oppor-
tunity for government aid.
1.-The board is SO organized on a
peace footing that it can accom-
motate itself not only to large de-
mands, but to the lesser needs Of the
people in their various vocations and
industries.
I'VE are not tending toward pater-
nalism but without the ability of
some such agency which can operate
under broad powers much more en-
barrassing conditions han we have
experienced might ave followed the
war.
THE government is giving moth
ing but is lending it's credit and its
resources to the re-establishment of
good times"
A rising vote was extended to Mr..
Meyer for his visit to Cheyenne.
Wyoming can get all its stockmen
and farmers, Meyer told the state
committee named to handle the war
finance corporations work in Wyo-
ming.
The committee asked that a maxi
mum OF $25. OOO, 900 be set aside as
Wyoming's quota. with the POSSIBLE
ity that perhaps not more than ten
or fifteen million will be needed and
the managing director replied that
the wyoming men should go ahead
and provide for as many loans as
needed, with he assurance that the
money would be forthcoming.
Meeting with him as members OF
the committee were: George E. Alb
bolt, Of Cheyenne. chairman; A. II.
Marble, OF cheyenne; John d. Hay.
OF Rock Springs and George w.
Perry OF Sheridan.
Never gave them n general out
line of the powers conferred upon
them as committeeman. and out
lined what the government hopes to
do in providing relief from the pres
ent situation in the livestock in
dustry. He said the low price of
cattle is ruinOus to the business and
that snmethinR must he done at ancn