The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-02-04
NEVADA sT0CKNtN M CONVENTION

more rigid brand inspection law for
b~utchered cattle. I
He also expresses his views OF the
present State financial problems by
stating that the live stock men and
others In the State should support as
candidates for the next legislature
"only men who will pledge them
selves to radical reduction in the next
State budget, absolute r-etrenchment
in State expenditures, a consolidation
of every Office and commission wheth-
err 1t be county or State, wherever at
all practical"
BUSINESS MEN FOR OFFICE
He also declared that "all political
parties be demanded to nominate a
man for Governor who is a represent
alive business man and in the event
OF failure OF any party to heed the
mandate no support or influence may
be expected from the live stock in
dustry towards that particular party,
irrespective of politics."
Touching on the recent attempt to
organize a farm loan association in
Nevada Mr.. Russell said that 1t was a
bankers problem and that some
bankers we're favorable to 1t while
others we're not and that so far the
association had not been formed al
though 1t or some other association
should be formed at once to assist
in financing the cattle men and there
by benefiting the State in every line.
FINANCING STOCKMEN
Methods of financing stock growers
and ranchers in Nevada to stabilize
the market and make 1t possible for
| them to hold onto their stock at this
time were discussed at length this
morning by the association following
the opening address by Mr.. Russell.
A committee to act on a financing
plan was appointed just before the
noon recess with instruction to re-
| port tomorrow following a confer
| ence with r. T. Evans of the Berke-
ley Land Bank, who will arrive here
tomorrow morning.
LOAN ASSOCIATION
In taking up the question Secre-
tary Metcalf told of the efforts made
by the executive committee Of the
| association to start a loan association
| with a capital of 100000 which
would make it possible to secur ST.
100000 in Federal funds for use in
Nevada, but as some bankers were
not favorable to the movement, he
said. it appeared to be an impossible
| ity to organize a Statewide ~associa-
ton. He urged, however, the form
ing Of local associations in various
parts of the State through which the
stockmen could secure Federal aid
from the war finance corporation.
GENERAL DISCUSSION
r. Fl. Cowles opened the general
discussion with a statement that some
! method should be worked out and
/ then w. M. McGill of White Pine
County expressed the view that the
great amount of red tape involved in
getting a loan from the war finance
corporation at this time was causing
too much delay, but that the activi-
ties of the Federal government had
served to stabilize the market to a
great extent. He declared further
that the bankers of the country de-
served a great deal of credit for the
methods they have used In assisting
I the live stock industry.
PITT FAvORS ASSOCIATION
That a State loan association would
be of great benefit was the opinion
| expressed by w. C. Pitt of Lovelock,
who said dealing directly with the
war finance corporation through the
banks involved too much red tape
and that the methods pursued were
too cold blooded. He said the ranges
of the State were being depleted and
that it was necessary for the live
stock men to be financed to put more
cattle On the ranges.
CHI. Duborg of Reno stated that a
State loan association was needed
and askedif any one In the State had
received any money through the war
finance corporation SO far.
BANKS CAN'T JOIN
Frank Humphrey, Reno stockman.
said that the people needed the money
but because Of the great amount of
red tape involved appeared indiffer-
ent to the offers of the war finance
corporation. He said the banks could
take care of the expense accounts of
the various stock Interests, but help
from the Government was needed for
d0ing IN herds He also said that