The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-11-30
Live Stock Loans
Farmers Hold Conference il
Florence-Adopt Reso-
lutions

Florence. Nov. 25.-Farnners Of
taez Pee Dee district OF South Car
olna took definite steps today to
avail themselves of the federal gov
.erusnent live stock loan through
the War Finance corporation. Fifty
of the biggest and most progressive
farmers of the district convened in
Florence, upon invitation Of w.
Long, director of state extension
service, to discuss this matter.
Four specific resolutions were
adopted and are being forwarded to
r. Pope Matthews in Columbia as
chairman of the state board, which
represents the War Finance COR
poration. The first of these re-
quests that the board add rep
resentative banker, who is recog-
nized as an authority on i've stock
in this section, to its Membership,
inasmuch as none Of the commit
tee now profess such qualifications.
Bright Williamson Of Darlington IS
suggested for such appointment
since group six of the South Car
.olina Bankers association IN Gre
atfng a committee for this specific
purpose designated him chairman
of it. The board is urged to frame
as definite plan as possible,
sorty of standard paper on which
money may be borrowed on i've
stock. The fourth resolution re-
quests Mr.. Long to appoint CON-
mittees of such number Of persons
as he deems advisable, in, every
county in the Pee Dee, to cooper
ate with the war finance board and
local banks in fixing the values and
collateral for live stock loans and
fto aid in informingS tGe farmers
| how they may apply for and pro-
cure aid from this f.1nd.
- Mr. Long opened the meeting
with a statement that this money;
is available but the farmers are
slow taking advantage of it for two;
hreasons. First, they do not under
stand the terms or conditions under
which money may be procured
from the board, and second, local
/ banks generally do not understand
handling live stock papers, theugh
'rifey:are adopts with cotton papers
Emphasizing this fact. Mr.. Shealyss
of Clemson college announced The:
/ finance corporation already has ad-:
yanced $2,50o,o80 in South Caro-:
! lima. Of this one loan was On i've
stock, and it took SO days to He-ss
! gotiate it because neither the ap-
| plicant nor his banker understood
rhow to make up live stock papers
! D. r. Coker Of Hartsyiife said
undoubtedly the people OF South
Carolina today are cropping n dark
ness for a solution Of the agricuiz
turaI problems which arise before
them out Of their old one crop sys-S
TEN. He made very strong plea
that means should be provided for
Peel farmers to share the beneSs
fits Of this fund. s. ssSs'
Walter j. Johnson, .secrezar Of
the Florence chamber or eoHes'
l;merce, said. he now has many aps
! p1lCdIlCllS Icf d1O ~ S01y 0d<< y sSeSl1
tie. Incident To- ttfre
! the Colonial Creamery company IS
opening a plant here and the banks:
underwriting the DEVELOPMENT OF,
| production He showed from these
letters that many farmers today
are ready to use this fundsif they
only knew how to proceed
:, The meeting was thoroughly repy
I'resentative and interested in the
subject. Leading citizens iudfvid-
,uaIly invited come from nearly
i every point sn the Pee Dee dis:
trict.. 1t was intended only as q
I conference and not as a mass meet
ing. Discussion was general and
! reflected very genuine interest IN
advancing the live stock interest
of this section. ,s..
Following the confidence Mr.
Long expressed himself as gratifed
with the Development and results
With converting plants being built
in this. section for taking care Of all
surplus live stock products OF the
] farmers, he stated production muss
be encouraged to support the m
dustries. $3.50
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