Monte Vista journal and Monte Vista graphic-reporter., 1921-10-08
Colorado Receives
Large Amount for
Livestock Industry
(From Denver Record-Stockman)

(From Denver Record -Stockman)
When the War Finance corporation put few million dol
lars at the disposal OF southern planters cotton came back
with bound. Prices doubled.
The War Finance corporation has put billion within
reach of agriculture What's the sockman going to do with
: his share?
Live markets coming back Prices probably
will double difference
ton But values hoo their ebb. 1t would
be phenomenon if they dropped further when sign
points to an advance.
Inquiries reached Record regarding
the procedure to obtain share of the War Finance
> atoms big loan fund.
Here's the process brief:
l. Make application thru live stock loan organization
thru bank. c. Lee Wood, secretary 3l5 U. Ma
tonal Bank building Denver will supply application blanks
Colorado Northern New Mexico district These
forms also be had from local banks they will be sent
direct from the War Finance corporation Washington D.
2. These filled by bank cattle loan associa
on when approved by the local committee forward
ed Washington again inspected and approved the money
teegraphed to the individual borrower thru his
bank loan association.
3. will exceed per cent The gov
charges and the local bank loan
thru which the obtained charge not to exceed
per cent more than the government rate.
4. are for a period of six months to one
with privilege of renewal for the second and third
s. Amount of limited the aggregate of
all outstanding made by borrower for agricultural
including discounts and redscouns of agricultural
paper
Loans made upon real estate but real estate
security be offered to supply margin for advances
Eugene Meyer Jr. managing director of the War Fin
corporation sockmen that each loan will be put
thru promptly with minimum of red The government
Mr. Meyer says, is anxious to loan the money.
On his Washington after recent trip thru the
west. Mr. Meyer made report in which he said in part:
The live stock situation is the big insofar credit
Adequate financing of the sockman involves
only the live stock industry but also the market for
grain-particuarly and forage. found the west full
Of feed The best way market it through live stock
discouraged and discouraged but met
them analyzed problems and believe left them conf
dent that have found the out Farmers and bankers
real troubles but told them that
ample the situation. 1t is time to
look forward rather than bakward things getting better
The live stock market has shown and look for
still further rises
all committees have DO worry
exceptional and difficult but out and look
for the in which funds Put in million here
and million there That will relieve the situaon that will
young stock from to market prematue and
breeding being sold endanger future supplies
range country loan committees actively at
We shall lend through live stock loan companies and
through country banks We empowered by law to relieve
the situation considerably We lend money through the coun
try bank knows that does not have to be
repaid In 90 days. months Loans from
the War Finance corporation may be redscouned Tor one
year. again another and again for the third year
This will permit the producer to move his stuff to market IN
orderly fashion. II will bring about comfortable
stuaton In the country bank will confidence all
along the line.
There are two troubles in the live stock In
dustry see II. Lack of money 2-ack Of confidence
The War Finance corporation has n good deal Of both.
disagree with the opinion that the live stock market ID
bound know that feeders act promptly
they are benefits Of the expanded credit which
the War Finance corporation will provide believe that the
only thing do to feed live stock and to buy feeders
quickly. s-s-.->..-..