Evening star., 1923-03-11
AID DUE FARMERS
ERE 1923PLANT|NG
U. S. Financed intermediate
Land Banks May Be Ready
in Two Weeks.
COOPERATION PLANNED
Loan Board and Financial Heads
Discuss New Credit
Machinery.

The Federal Farm Loan Board. at
the conclusion yesterday of three
day conference with the federal land
bank presidents, gave assurance that
farmers Of the country will have the
benefit of the governments financial
aid, authorized in the recently enact
ed rural credits legislation. by the
time the spring planting begins.
While il appeared that not all of the
new credit machinery will be in oper-
alton at the time indicated. it was
declared that the government financed
intermediate credit banks would be
ready to receive applications for and
to make loans in about two weeks.
The land bank heads, together with
the loan board. spent part of the day
discussing with members of Congress
ways and means OF getting all federal
agencies having to do with farm
credits into closer cooperation.
Early Announcement LikeIy.
1t was Indicated that an early an
nouncement might be made by the
Farm Loan Board regarding the
methods 1t will employ in extending
to the farmers the aid contemplated
in the new laws. 1t was said some
rough places" might have to be
smoothed out by new legislation.
Commissioner Lobdell Of the Farm
Loan Board said the board and the
land banks, which are charged direct
ly with the administration of the new
intermediate credits banks. were
bending every effort to put the neces-
sary machinery into operation.
The legislators present included
Senators Capper. republican. Kansas:
Gooding. republican, Idaho. and Shep-
pard, democrat. Texas. and Repre-
sentatives Haugen. republican. Iowa:
Sinclair, republican, North Dakota;
Davis. democrat, Tennessee, and Hud-
dleston, democrat, Alabama.
The farm land banks will have
charge of the intermediate credit
agencies created under the rural
credits act of the last Congress. and
ent urged the Importance of develop
ing the new system as rapidly as pos
sible. Emphasis was placed on the
particular need of the farmers for as
plant but also to cultivate their
crops during the coming season and
to hold their products for timely
marketing.
Preparations Being Pushed.
The Farm Loan Board and the dis
trict presidents OF the land banks as
sured the congressional group that
they were making every possible eff
fort to have the new machinery in
working order in two weeks. While 1t
would not be possible to have all de-
tails completed within that time, they
said. the land banks In each district
would be able to take all applications
and to extend loans when security Of
fered was adequate.
The new intermediate agencies will
function in every way, the commit
tee was told, by the time the new
planting season gets under way and
long before harvest time.
The same group of senator's and
representatives also conferred yes
terday with Secretary Wallace Of the
Agriculture Department, and an
nounced that they would talk over
farm finances Tuesday with the War
Finance Corporation. Mr.. Wallace is
understood to have given assurances
that he would issue promptly to farm
organizations throughout the coun-
try such an explanation OF the new
law as would give them an opportu-
nifty to take full advantage Of 1t.