Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-09-06
U. S. SEED LOAN
Man EXPLAINS
PAYMENT PLAN
Department Agent Urges Care
to Speed Money From
Grain to Farmers.

To have charge of collections on
government seed loans in seven coun-
ties of northern Montana, r. W.
Jones, Jr., of Grand Forks, \. >, ar
rived in Great Falls Tuesday and will
spend a week operating out of the city.
The counties to be covered by Jones
will be Cascade, Teton. Toole. Glacier
Ponders, Liberty and Hill. After his
week in Great Falls, he will visit
towns in each of these counties.
There has been considerable mlsun-
Outstanding Of the working of the hens
held by the government on crops Tor
seed loans, Jones said, and his duties
will be largely in explaining the work
ing of the law and in offering aid to
the elevators and grain dealers, who
in their purchases are held respon-
sible for the amount of the hens or
mortgages. In some cases faulty
checks have delayed payments made to
grain owe Although each elevator
man is provided with a list of the obi
cations of grain growers in his county
to the government, due to the fact that
some purchase grain outside their
county and because of loans made the
previous year, with the addition of in
terest and the like, the exact amount
of the Indebtedness is sometimes not
known to the elevator man. Jones OF
fered his aid in such cases and the use
of his records by the dealers. He car
be reached by writing him in care Of
general delivery, Great Falls.
Are Preferred Claims
I'm the act passed last spring" h
said, "the secretary of agriculture was
authorized to make loans to farmers
for the purchase o { seed wheat, oats
barley and flax. These seed loans arr
secured by crop liens in favor of th'
secretary of agriculture, and the pro
ceeds of the first grain sold by thu
borrower must be used in paying them
Since these liens are preferred claims
it is essential that the purchasers o.
! crops ~mortgaged remit to the depart
ment Of agriculture the proceeds 0
sales up to the amount of the indebted
ness due the government, including in
terest at ) per cent per annum fror
the date shown on the lists to the dat
of settlement.
"Remittances should be made b
bank draft, cashiers check or posts
money order, payable to the disbursin
| clerk, department of agriculture, an
| should be mailed TO the seed loan of
, flee, federal building, Grand Forks
n. d., or handed to the authorize
agent Of the department when he call
in each city.
To Avoid Joint Checks
In some localities, elevator com
panies and purchasers of grain. i
making payment on m~ortgaged grain
issue a check in the name of the selle
and mortgage jointly. 1t will be Ell
tremely difficult for the accounting OF
ficers of the government to handl
such checks, and their use should b
avoided whenever possible. This OF
ject will be gained if the check
drawn to the disbursing agent. depart
ment of agriculture, for the account
the borrower.
Where drawing of a joint chez
cannot possibly be avoided, the payet
shall in no instance exceed two
number, they being the seller and th
~disbursing clerk. The seller should in
mediately endorse the check, whic
should then be sent to the seed los
office at Grand Forks. Great cautio
should be exercised to see that til
check SO mailed shall not exceed ii
amount due the governmnt, since, If
check should be drawn in an amour
greater than that due the governmel
and deposited to the credit of til
United States, the excess amount cou
not be withdrawn and returned to II