Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1922-02-24
LOAN FORECLOSURES
CALLED BAD POLICY
CREDITOR WHO SQUEEZES FAR.
MER NOW Is DESTROYING
OWN BUSINESS

farm land deeds is "the worst possible
business policy for any creditor" the
Minnesota Farm Bureau federation de-
clared today in an official statement:
orous campaign against foreclosures,
warning creditors that wholesale clos
ing out of farmer borrowers would
do irreparable damage to Minnesota
return of normal prosperity.
The man who is actually on the
land, fighting to hold his own against
high freight rates. high prices Of the
things he sells, deserves every chance
to make good.'' the federation said.
THE creditor who forecloses a. mort
gage against such a man is following
q short sighted and ruinous business
are among the soundest securities on
the market today; they are being
sought for by investors. The creditor
who follows a policy of foreclosing
be because he has the legal right to do
perity: The time will come when he
can do no more business. Better
times are coming. And when they
come, the farm loan business will go
this present crisis. The farm mort
gage holder who is broad minded
enough to see that the permanent
prosperity OF the whole state depends
not squeeze out any farmer who is do
ing his best. The mortgage holder, or
the man selling farm land on contract,
who closes out a hard-working farmer
at a time such as this, is isolating
himself for years to come.
Neither prosperity nor confidence
in the return of prosperity can be
brought about by foreclosing on pro-
ducers who are unable, through no
fault Of their own. to meet interest
obligations.
Public welfare, as well as the best
business interest of the Individual cred
itor,, demands that every sincere farm
er borrower be carried by his credi-
humanity possible"
State Wool Market Conference Called
Representatives Of county farm bu-
reaus and county wool growers asso-
Citations have been called to a state
wide marketing conference at the Old
Capitol in St. Paul, February %. With
the wool market on the upturn, the
Minnesota Farm Bureau federation
has invited wool producers to unite to
sociotion, to reap the full benefit of
the national farm bureau wool pool,
which last year handled more than 10
percent of the whole wool output of
the United States. 1t is estimated that
Minnesota wool marketed through the
pool brought the growers $4,000
more than it would have brought To-
cally.
20 Creameries Save $4,000 In Freight
st. Paul, Feb. 23:-Twenty co-opera-
saved ss:17s6o in RAILROAD freight
rates in the last six months.
creameries u in 'aeu MeeFer Iiefa"s Wright and nS
! Kandiyohi counties, composing District
No I. were announced by the Mime
sofa Cooperative Creameries associa-
ton. Inc, at state Headquarters of the
trict reported the 20 creameries shipped
IS carloads of butter. After paying all
costs of concentrating the butter in
carlots. the difference between carload
and less than carload rates amounted
to Il saving of more than $4,000.
S. G. Gustafson is fieldman for the
district; with headquarters at Litch-
tieid: fsidaa He reports better prices ,? OBJ
ments. In some creameries, quality of
butter produced was improved through
cream grading, without loss of a single
patron. .,
Although District No. 1 was organ
lied before the state association be-
gan operations, it has been so we'll
sa tistied with results obtained that
practically every creamery has Joined
the state service and marketing agen-
cE.
Three more districts of the state as
sociation are being ORGANIZED. Cream
cries of District No. IS We're to send
delegates to an organization meeting
at Little Falls on Feb. %, and those
os District No. 8 were to send dele
gates to Winthrop on the following
day to organize their district for active
work. Creamery delegates of District
No. will meet in Minneapolis, prob
ably at the courthouse. on March 2.
Mrs. L. D. Brown went to St. Paul
the first of the week to be present at
the annual mid winter breakfast last
! Wednesday,. of the Minnesota Fedora
tion Of Women's clubs. \ business
session was held Tuesday, also con-
ference Of district presidents and de-
partment and division chairmen Mrs