The herald-advance. (Milbank, S.D.) 1890-1922, 1921-10-21
DON LIVINGSTON'S REPORT
On FARM LOAN BILL
REPORTS RESULT OF WASHING.
TON VISITlN INTEREST OF
FARMERS OF STATE

At TIE recent meeting of the Farm
Bureau with the county agent at the
court house in this city, the question
of the War Finance Corporation was
brought up and its ability to help in
providing money for farming opera.
tions, was discussed. The following
article will be of interest to all who
are locking for relief from this
source:
Pierre, Oct. 2O.-Don Livingston.
commissioner Of agriculture for South
Dakota, recently visited Washington
to consult with government officials
regarding the act passed by congress
authorizing the War Finance Corpor-
alton to loan 81 ,0OO, 900 900 for the re-
lief Of agriculture Mr.. Livingston
has issued the following statement
concerning his trip to the national
capital:
Senate bill No. 1915. amending the
War Finance Corporation act, and pro-
viding q one. billion dollar fund for
agriculture and live stock loans. be-
came law on approval of tht presi-
dent on August "a, 1925.
"The law provides that any bank,
banker, trust company OF cooperative
association of producers, that ha;
loaned money to farmers for agrictil-
tural purposes, including the breed.
ing, raising, fattening end marketing
OF livestock, may cash such loans
through the War Finance Corporation.
while this money was provided for
by congress on August "a, its dis
tribution naturally has been delayed
somewhat owing to the necessity for
the construction Of necessary mas
chinery, or organization FOR handling
the business
"The corporation has provided for
sub-agencieS known as agricultural
loan agencies, in states or groups Of
states, through which ranks may file
their application for loans. Such Sub
| agencies will examine the applica-
tions alsd securities and if the same
be approved they will be forwarded
to the War Finance Corporation at
Washington for final action.
1T was our hone and expectation
that South Dakota would have an az.
ricultural loan agency cf its own. II
| developed however that different
!, plan had been formulated and South
Dakota borrowers are to function
through joint agricultural loa.l
agency comprising the states Of
Minnesota, North Dakota and South
Dakota
"Thi, plan was distasteful to our
people. not OILY on the basis Of sta.e
| pride hut also on the ground Of ir,
paired service due to many self-evi-
dent factors.
demonstrates to Washineton
On receipt OF the ABOVE inforGia-
ton a strong rennnstrance developed
in every part Of the state and protests
were forwarded to the corporation.
c. nj. Henry, Of the rural credit board,
and the writer, as commissioner of
agriculture, went to Washington to
take the matter up personally with
the War Finance Corporation.
"On arrival at Washington, accom-
panied by Senators Sterling and Nor
beck and Congressman Williamson,
| we had a conference with the board
of directors Of the war finance cor
| poration. The many clements in re-
| gard to the whole matter We're tIor-
oughly discussed, and every argu-
ment brought to bear on the corpora
| tion to give our state separate COM
| mittee. This we failed to accomplish
fully but certain rearrangements were
conceded with the promise Of further
readjustments il necessary.
Crank II. Johnson, president cf
the Sioux Falls Saving bank, had al
ready been named as South Dakota
representative on the district com
mittee, and the names of NJ. Pin
Beebe Of Ipswich, and Henry Wenszr
of Rapid City were added to repre-
sent South Dakota on the joint corn
mittee
'The board Of directors Of the war
finance corporation informed the
writer that the present plans are net
necessarily permanent, and may "a
changed or adjusted IS conditi0hs y IA
velop, and asked US ia South DakokS
to try out the pressnt arranae1n q
and do everything possibls a o1k g.
suits. This We are spine q. 20
Meney = llaG
The money r I1I
tion. We believe, n W
us 70 mile = M
=, ~ %M IT,