The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-12-14
STATE BOARD
TO M EDIATE
ADJUSTMENT
Williams, Fyfe and Durdle
Are on Board from Here;
Attempt to Adjust ReIa-
tionship; No Refinancing


Governor c. d. Martin today
announced the formation Of the
Benton County Debt Adjustment
Committee. He named on this COM
mittee C. C. Williams, Fl. G. Fyfe
and E. C. Durdle of Kennewick;
Guy H. Pearl and E. r. Wells Of
Prosser; Alvin z. Scott of Benton
City; D. S. Wilkinson of White
Bluffs.
"This committee stated the
Governor in his letter Of appoint
ment, "will cooperate with the
State Advisory Council toward the
relief Of debt-burdened farmers
and sincerely hope it may serve
as material assistance to both
farm debtors and creditors in an
effort to arrive at friendly and
fair solution Of their problems and
to conciliate many debts Of the
type which heretofore have result
ed in unnecessary foreclosures.
Similar committees are being
appointed in each county Of the
state and will act under the super
vision Of the State Agricultural
Advisory Council, headed by Walt
er j. Robinson, Director of Agri-
culture.
In order to avoid misunderstand-
ings as to the duties of these COM
mittees, Mr.. Robinson makes the
following statement concerning
the work: "Any debtor or creditor
seeking a readjustment in the debt
relationship may ask this COM
mittee to investigate and make
recommendations to either or both
parties for the purpose of effect
ing satisfactory solution Of any
existing difficulties.
Application blanks will be fur
nished to either the debtor or the
creditor seeking adjustment. These
blanks supplied by members Of the
committee may be used to request
the aid of the committee.
"This committee has nothing TO
do with the actual refinancing Of
farm loans under the Federal farm
relief legislation program. Such
relief should be sought through
the local representative of the
Federal Land Bank of Spokane"
In commenting on the proposed
work of the committee, Mr.. Rob
inson stated eff the local commit
tee is to accomplish it's purpose,
debtors and creditors who desire
to submit their problems to the
committee should recognize that
Cancellation is the keynote and
that the recommendation Of the
committee is for the guidance Of
both parties in their efforts TO
reach a friendly and mutually sat
isfactory settlement Of their prob
lens.
"These voluntary committees,
who take upon themselves the nm
selfish task of assisting their un-
fortunate but worthy neighbors TO
retain title to their property, TO
continue the operation Of their
farms and help provide equitable
plans for the distribution of avail
able funds among creditors, have
an opportunity for service of the
highest order.
"The objective to be attained by
The farm-debt committees" con-
.inued Robinson, els social and eco
lomic justice to both debtor and
creditor interests. The commit
zee must not be unmindful Of the
savings invested in life insurance
policies, bond, bank savings and
such investments represented by
distressed farm mortgages. They
must bear in mind the small mer-
:hant, the doctor and many others
who have not been reimbursed for
rendered to farmers thru
but the depression. Above aii,
they must keep in mind the farm
debtor who has lost his full equity
in not only his farm but his home.