The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1921-12-06
FARM BUREAU AND sTOCKMEN
CONVENED IN JOINT SESSION
Meeting Held Yesterday Was Largely Attended by
Representative Men and Women From Northern
Nevada Localities and Session Was Helpful
To All Who Attended, Popular Verdict


livestock and farming industries
present here this evening. was
the first president of the livestock
organization for quite long time
| believe it to be one Of the or.
ganizations Of the state that should
b. maintained permanently for youl
own interests and benefits.
"This association or organization
first started in small way and the
initial effort resulted in what was
known as the Humboldt County
Taxpayers Association. We formed
to fight and we did fight. After
three years of litigation we succeed
ed in reducing the tax rate. l had
the honor to be a member Of the
state senate when the Fordney emer-
gency tariff bill was brought up
through the organized effort Of the
Livestock Association and it was
easy of Nevada endorsement
the state senate being composed OF
eight Republicans, eight Democrats
and holding the balance Of power
as an Independent.
81 will now mention the war f.
nance corporation. This movement
was first started during the war and
was predicated upon the idea Of Civ
ing credit to foreign countries so
that they might buy their goods in
the marts of the United States.
"The results attained at that time
fell short of expectations because of
he failure of the European coun-
| tries to meet the demand of the
war finance corporation to pay cash.
The scope of the war finance cor
poration was later enlarged to bring
relief to certain industries within
/ the United States which were beset
with postwar refiexes. The relief OF
stockmen and farmers is being
sought by the great auspice.
"The money is given to stockmen
and farmers through properly or
ganized and invested banks or asso-
Citations. A good many think direct
loans should be made to individuals,
but that is impossible. You will
understand that a properly con-
stituted authority, accountable and
responsible in the fullest sense to
the war finance corporation, is
necessary.
'On last Friday l received $163,-
600 from the war finance corpora
ton, which was placed to our credit
in behalf of livestock men and
farmers in and about Winnemucca
This is the first advance to come
into this community.
Zone or two banks in the western
part of the state are. preparing ap-
plications for advances that will
probably be passed upon within the
next Is days. In order to obtain
this money a farmer or cattleman
should go to his banker and make
application for the desired loan, ten
dering as collateral mortgage on
his livestock, for the war finance
corporation will not accept rea
estate mortgages as security fol
money advances.
81 consider that the war finance
corporation has helped Nevada in
highly material sense and estimate
this help in dollars and cents at moi
less than four million dollars, thi:
sum being representative of the rise
that has occurred in livestock ane
hay values throughout the state, d.
rectly as result of the new money
leaven introduced. Had not this
relief come at this time l dread tt
think about what would have be
come of the livestock and farming