White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1922-10-29
WHITE PINE COUNTY STOCKMEN
AND FARM BUREAU IN SESSION

Thursday and Friday were inter
~sting days for the farmers and
growers of livestock in White Pine
county.
The annual meetings of the Ne
yada Cattle ad Sheep Growers Asso-
citation and the county farm bureau
were held simultaneously 10 avoid
the necessity of those interested in
the two branches to leave their work
on separate occasions in order 20 at
terd both meetings
Thursday morning was given over
to a meeting of the livestock associa-
fion, Which was presided over by
John Yelland as president and James
Robson as secretary
Due TO the fact that the thirty
days. notice required by the bylaws
OF the association had not been given
II was decided 10 defer the election
Of officers until this technically
could be complied with.
Vernon Metealf. secretary of the
Nevada Land and Livestock Asso-
ton, was the principal speaker at
- > Opening session and took up
many subjects of vital Importance
10 those engaged In the important
industry lie submitted many inter-
esting figures and made valuable
suggestions
Among tho achievements of the
association as reviewed by Secretary
Metcalf and suggestions made by him
on important matters were the fol-
lowing
achievements of Nevada Association
In order to have Nevada share in
the benefits to be derived through
The United States War Finance Cor
poration the association secured a
committee Of bankers, which. with
representative of the association,
met with the director Of the corpo-
ration when that officer passed
through San Francisco on his tour
of the west The situation of the
livestock industry in Nevada vas ex-
planned in detail to the government
official and assurances received that
plenty of money was available to
cover all loans which could be pro-
teeted with reasonable security, pre-
vided Nevada banks would handle
the details of placing the loai.s with
qualified applicants. The greatest
benefit derived from this was per-
haps through the fact that immedi-
ately 1t became known that financial
aid was available through govern
: aent channels the credit situation
ally was relieved Money for
loans from private sources became
more plentiful and the necessity for
stockgrowers heavily in debt TO force
the sale of their stock in order to
cover obligations commenced to dis
appear This combination OF cir
cumstances resulted in prompt
stiffening CT livestock values. and
from the time II became known that
government financial help for Ne
vada stookmen was coming prices OF
livestock and livestock products have
continued TO increase.
Through the efforts of the state
association a cooperative loan asso
citation was organized and financed
TO place these government loans with
qualified livestock borrowers in the
main livestock section. this being
found necessary because OF the fact
that many hanks could not find II to
their advantage under the rules i'm
posed TO place the government money
with the stockgrowers qualified TO re-
ceive II. Up to this fall this COOP
erative association had placed In
loans with qualified stockgrowe- bor-
rowers In Nevada approximately
$500 900 of government funds. BY
the end of the current year II Is an
ticipated that 100000 will thus ne
loaned. and this is the limit In the
sum which the association can place
in Nevada under the government rule
and the size OF It's capital stock. The
eff"ct OF these loans has been felt all
= the state. resulting In ma