Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-09-05
Ritchle Group Takes Steps In
Farm Aid.

Measures were started last Friday. in
Baltimore City. at a meeting Of Governor
Ritchies drought-relief committee to assist
the Maryland farmer who is unable TO OBJ
tain credit from financial institutions, but
who would be self-sustainine next year II
helped over the crisis.
On motion Of DR.. r A. Pearson. ptesi-
dent OF the University of Maryland. spe-
cial committee viii be appointed to consider
what can be done for this type Of farmer.
The committee also adopted resolutions.
offered by John NJ. Dennis. State Treasurer,
calling on each county agent to convene a
meeting Of the bankers and farmers Of
county subcommittee TO discuss the situa-
ton in each county relative to railroad
rates. credit needs and what assistance the
county committee can give.
Another resolution. also offered by Mr..
Dennis. urged each county committee to
consider the formation OF agricultural cor
pOrations. This was adopted.
County bankers for Montgomery County
were-R. G. Hilton. president Of the Farm
ers' Banking and Trust Company. Rock.
Vile. and Geo. NJ. Hunter. president Mont
eomery County National Bank. Rockville.
The farmer members appointed to the
Montgomery County committee were-Jas.
d. King. Germantown: L. E. Riggs. Lay
louisville; o. W. Anderson, county agent.
Rockville.
Morton NJ Prentis. Baltimore banker,
was one Of the three bankers from different
parts Of the Uuited States called upon TO
draw up the conclusions Of the White House
bankers conference. read these conclusions.
The statement was founded on letters from
Federal departmental heads explaining the
national Government had no funds for
drought emergency relief The report. in
part, follows:
1T Is obvious. that while CONGRESS has
aade no appropriation or other provision
Shich permits the use Of public funds in
the present emergency. IL Is equally obvi-
US that Congress. In creating the existing
and agricultural loan agencies. pro-
that they should be conducted along
lcoenized and sound financial and
tic lines. and that Il was not con-
tied that funds should or would be
N unusual emergencies. such as the
;nt. except upon a sound credit basis.
We view II as unfortunate that the i'm
ession has gone abroad that there are
Psea eral funds available on other than a
and credit basis.
I'VE understand IL to be the unanimous
agreement that conditions vary in the re-
spectIve States affected by the drought.
Uath as to the areas involved and the type
Of agricultural activity prevailing in the
communities: that no general rule would
be applicable to the respective States. or.
for that matter. TO the individual 10 the
respective communities. II is also clear
that in many cases those most seriously
affected are without the usual and Gus
tomary assets on which credit may be
extended.
''(ienerally speaking. IL is thought the
existing banking institutions in the States
represented are in ample funds to take
care Of all legitimate and solvent credit
requirements. IL appears further that In
those cases where rains have fallen within
the last two weeks material Improvement
has occurred. and it is felt that. with rsa-
sonably seasonable conditions from now
until frost. much further improvement will
take place.
LA view n these facts. IL seems 10 your
committee that each State must assume
the main responsibility fot the solution of !
the difhcalIaes and problems growing out