The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1924-03-21
Federal Farm Loan Dele
cations Meet at Glasgow
Continued from page y

Continued from page y
Federal Farm Loan Bank of Spo-
extending from Chinook to the North !
Kane, Wash, was issued to all locals
Of Northeastern Montana, a country
Dakota line and from Sioux Pass to
the Canadian Boundary. Each local
was asked to send at least TWO dele
gates to Glasgow. February 22nd, tel
q joint convention.
The meeting was called to order at
300 o'clock a. NJ. Thomas Dignan
secre airy Of the Glasgow local pre-
sided with J. w. Wulf Of FrOid, who
was elected secretary at the cOnven-
ticn.
President O'Shea of the Spokane
Land Bank, outlined the purpose of
the meeting, S ating that it was cali
ed in an effort to bring a better
knowledge to all Association of the
system and the aim Of the Federal
Farm Loan Act. He also went into
details as to how the Bank was OPP
Grated and existing conditions in the
different parts of the District cover
ed by he Spokane bank.
He denounced high taxes from the
head of the government down to the
smallest precinct. He also held that
no man should borrow money re-
gardless of terms and interest rates
and he ventured to say that even one
per cent interest on borrowed capital
will spell disasters to the borrower
unless ne is positive of a return of
profit from the money borrowed. In
this connection he stated that the
Spokane Bank is at present paying
four and three-fourths per cent on
its bond.
In referring to the present meth
cd of bankers and cracker box ar
lists in instructing the farmers what
to do and not what to do, he held
that NO ore but the farmer himself
would know what would be to his
advantage to produce. It would be
a mis- axe fer me to come here to you
people and tell you how to farm in
this community. Mr.. O'Shea said.
He held that the farmers should be
left alone to solve their own prob
lem.
The speaker also referred to the
organization Of the Engineers and
Firemen's Brotherhood and said that
mand their rights like all other or
ganized labor and put the farming
industry on such a basis that the dry
land farmers would be able to lay
a little aside not for rainy day but
for a dry day.
The forenoon meeting was restrict
ed to members and delegates only.
At 200 o'clock P. NJ, the meeting
was continued and an open meeting
and free discussion was held. Presi-
dent O'Shea answered all questions.
"a 70 of
very bad practices and which in many
cases got even the best people into
serious trouble.
One of the practices he mentioned
very strongly was that a person
should not pay or make payment on
a note unless you have the original
there to be indorsed He cited a
number of cases where the original
instrument had not been Endorsed at
the time of payment and a copy of
the note had been Endorsed in its
place, and at the time of final set
Element it was found that the face
value or full amount of the note had
to be paid. He referred quite fire.
qUently to the Montana Wheat Grow
.ers Association as a model for other
organizations.
Senator w S. Mccormick OF Kali
ispell in his talk said he favored leg
islation that would put a stop to
chattel and crop mortgage when a
farmer signs a crop mortgage, the
Senator said, he has thereby destroy
ed me last hope he had for a living
for himself and family and he adj
vOcated strongly against such heart
breaking practices.
Senator Jos. Griffin of Chinook
federal land appraiser, gave a short
talk
On motion the organization was
made permanent and The Northeast
ern Montana Federation of Farm
Loan Association is now a reality
with Thomas Dignan of Glasgow
president and j. w. Wulf, of FrOid
secretary.
The following directors were elect
ed for the ensuing year: Thomas Dig
nan. Glasgow; J. B. Conlin, Hins
dale; Niels Christensen, Dagmar; R
b. Snediker, Chinook and one more
whose name could not be remembered
at this writing.
j. b. Conlin of Hinsdale and Thorn
as Dignan of Glasgow were selected
as delegates to the district meeting
at Spokane on March 4th and 5th.
After the meeting the delegate
were escor. ed to the just Inn-Wher