Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-04-21
EFFORTS ARE MADE.
TO Speed Up LOANS
Several Firms Grant Blanket
Waivers on Last Years
Balances

While farmers throughout the
drouth area m being hampered in
their spring seeding Of erations due
TO new regulations in the federal
seed loan requirements, every effort
is being made to speed up disburse-
ment Of funds from this source.
Scores Of protests which have
been directed at the seed loan office
over the red tape delaying the loan
are apparently bringing results.
Within the week, assurance was given
that cooperating in an effort to speed
up action and get funds in the hands
Of farmers, blanket waivers of pre-
vIous obligations have been obtained
from the Federal Reserve Bank of
Minneapolis. the Deere Weber Co,
the Federal Land Bank Of St Paul.
the Bank of North Dakota, the Fed
efal intermediate Credit Corp, and
the International Harvester Co.
Notification CT this fact was re-
ceIvtd In Plentywood this week from
Walter E. ELff, administrative Of
fcer In charge Of the Grand Forks
seed and feed loan office. cliff also
pointed out that there is a prospect
that other who have farm
debtors will also probably grant
blanket waivers, and that applicants
need not get waivers from the firms
which In giving blanket waivers.
as listed above.
The Plentywood Commercial Club
wired protects Monday to Senator
Wheeler. Congressman Scott Lea
witt, and Secy. of Agriculture Hyde
n an effort to have the seed loan
maf,inery shifted into high, and
get some action Following is the
copy of the message sent by the
Commercial Club. approximately
one thousand farmers In Sheridan
and Daniels counties will be unable
70 seed a crop unless Regulations
requiring waivers on previous loans
be ressanded immediately This
regulation was made known too late
to permit farmers to comply. With
cut a seed loan this season these
farmers are obliged to live ON charity
indefinitely Immediate action only
viii prevent catastrophe"
Assurance of help was received in
a wire Tuesday from Scott Leavitt
as follows. your wire received.
Have had angle seed loan situation
to which YOU refer up with department
several times Hope will be possible
to work out satisfactory plan and
assure you my continued active CO.
operation in that direction
1t is evident that the various pro-
tests are having their desired effect
and that every effort is being made
to rush the applications through al
though only 65 checks were received
in brentwood this week This brings
the total number checks received in
Sheridan county to approximately
$50, or about third the number
which have been applied for.
j.. o. Hembre arrived in Plenty
wood this week from the Minneapolis
office of the Reconstruction Finance
Corporation and has been meeting
with the local seed loan committee
and in the filing of seed loan appIica-
tons He will be in this territory at
various times throughout the season
and will call from time to time on
borrowers to help clear up any stu
alton which might arise in N
tion with the 1892 seed loans, as well
as to determine that seed loan funds
are used for the purpose to which
they are intended.
With seed bed conditions more ia
vcrable than last yea at this time.
it is generally agreed that wheat
may be seeded up to May 10. High
winds have returned to this area
with the same fury az evidenced dur
ing the 1891 season, but it Is hoped
they may be- less persistent than
during last year.