Newspaper Page Text
PAGE EIGHT
THE BUTLER HERALD, BUTLER GEORGIA, FEBRUARY 16, 1934.
HEWS SUMMARY OF
THE WEEK IN GEORGIA
G.- C. Adams, commissioner of ag
riculture, celebrated his 66th birth
day Saturday.
Nine negroes were electrocuted in
three southern states early Friday,
live in Alabama, three in Texas and
one in Arkansas.
Miss Meta Roosevelt Erwin, 62, for
many years deputy clerk of the U. S.
Middle district court, died Monday in
the Middle Georgia hospital, Macon.
Mrs. Minnie Hackett, mother of Mr
W. W. Hackett, prominent Central
railroad official at Macon, died Friday
afternoon. Her death occurred on her
78th birthday.
Congressional action was completed
Tuesday on the $40,000,030 crop loan
bill, the senate accepting the confer
ence report. The house approved the
report yesterday.
According to recent announcement
mining of lime nock near Montezuma
will be undertaken immediately on a
large scale by the Macon County
Lime Rock company.
A lone robber took $72 in cash
from the manager of the restaurant
at the Griffin Hotel Sunday night,
escaping on foot by dashing behind
the Griffin post office.
The Southeastern Amateur Athletic
Union boxing tournament will be held
at Fort Penning March 1 to 3. The
boxers will be guests of the Infantry
School Athletic association.
The war denartment announced Tuns
day award of a contract for emergen
cy renairs to vessels in the Savannah,
Ga.,dis trict to John Rourke & Sons,
Inc., Savannah, for $4,862.
A. A. Busch, Sr.. 68 year old head
of the internationally known brewing
family, ill from a complication of
Mrs. Walter D. Lamar, of Macon,
director of Georgia for the Robert E.
Lee Memorial Foundation, will rep
resent this state at a tea and recep
tion to be given in New York Feb. 23
by Mr. and Mrs. George 14. Lee Ir.
honor of Ambassador and Mrs. Rob.
W. Bingham.
Someone who has been studying the
calendar, has found out that both
Faster and All Fools Day come this
year on the same day, April 1. lt‘s
'happened only four times in the past
100 years, and will occur again only
twice more during the twentieth cen
tury.
Freeman Gasden and Charlie Car-
rell, better known to millions as
Amos ’n Andy, will make peisonal
uppearaces at the Georgia theatre,
Atlanta, for one entire week from
March 3 to March 10. They will con
tinue their network programs over
WSB.
Mrs. John T Fletcher has been
voted Columbus' “best citizen lor
1933" and will be awarded the Lions
club cup. Mrs. Fletcher has been ac
tive for years in work of the Public
Health Nurse association and Good
Will Industries, being president of
both in Columbus.
Workmen are said to be dismantling
the famous old Meriwether Inn at
Warm Springs and in its place will
be built modern patients' quarters to
harmonize with the other buildings in
the Warm Springs Foundation group.
In recent years the inn has housed
the offices of the foundation.
Claiming that the institution is in-
solvent and that it is his dutc as state
superintendent of banks to ike
charge of it for the purpose of liqui
dation, R. E. Gormlcy filed a suit in
equity Hgainct the Franklin Savings
& Loan Company of Macon Saturday
in Bibb county superior court.
Glenn Florence, north Georgia su
pervisor of maintenance has severed
his connection with the highway de
partment, it was disclosed yesterday
SALES TAX TO
BE BIG ISSUE
No. 2
From
P»B* 1
disesases, shot and killed himself Hewu ar.appointee of J. J. Man*;
Tuesday at his palatial home at St.
Louis.
Governor Talmadge has accepted
an invitation from Dr. J. L. Beeson,
president of the G. S. C. W., to de
liver the baccalaureate address at the
graduating exercises of the college
June 4.
Miss Gay Shepperson Georgia civil
works administrator, and her assis
tant, Miss Louisa Fitzsimmons, were
vcitims of an automobile thief late
Monday, it was announced in Atlanta
Tuesday.
Edith Cora Coker, 11 months old
daughter of Mr. and Mrs. L. F. Co
ker. of Lavonia, died Thursday, hav
ing been accidentally shot in the < hest
with a rifle by a 9 year old child We 1-
nesday afternoon.
C W. Walton, exprgss agent at Ft.
Volley, was slightly injured Saturday
whes the truck he was riding in col-
lid"! with p-".other truck between Ft.
Valley and Perry. Both vehicles were
badly damaged.
F-- k Elmore. convicted three
months ago of robbing the Farmers
A ?4rrchp-*s Park ct Brewton, Ga.,
has escaped from the Montgomery
county chai" m-'g taking six other
prisoners with him.
F. K Salter, formerly of Macon.
ham, former chairman of the highway
-board. Chairman W. E. Wilburn said
a successor would be chosen soon.
The casual but sudden appearance
of two Hinesville youthB both of
whom refused to take a command
“stick ’em up boys” seriously, prob-
1 ably accounts for why a band of pro-
' fessional bank robbers got only $50C
when they blew open the main vault
of the Hinesville bank Thursday night
of last week.
Dr. W. T. McFall, of the Macor,
Bibb county board of health, will de
liver an address at the 70th annual
meeting of the Chicago Dental society
meeting Feb. 26 to March 1 according
to an announcement in the Macon
Telegraph Saturday. Dr. McFall’s sub.
ject is Educational Principles in Pub
lic Dental Health Instruction.
Dr. Mell L. Duggan, 77, who
■championed the cause of education for
a half century, died Wednesday of
last week in the Georgia Baptist hos
pital, Atlanta, where he had been a
patient for three weeks. Dr. Duggan,
former state superintendent of schools .
suffered an attack of influenza on ‘
Dec. 22, 1932 and never fully recov
ered from its effects.
Negro farmers of Georgia will meet
at Macon tomornow to work out plans
or carrying on their farm operation:,
during the present year. H. A. Hunt
and Sardersville, now vice consul at Fort valley and Washington, Alva
A-w Arabia, will arrive in Macon ; Tabor> director of vocational education
within a few da"S en route to San- for ne g roe s, and P. H. Stone, Savan-
„ no a„„ c > it i nah| director of farm demonstration
dersville to spend a 60 days’ leave, it
was b arred yesterday.
A milling concern of Griffin has
purchased the Ft. v alley Milling com
pany from Mrs. Miller Mathews and
will snerd ?5.000 on imn’ovements, it
is l""rned. T he mill will turn out
meals and flours of all kinds.
Miss Marjorie Harris, a member of
the Te-nil'" hie-h school fn-ultv. has
been aopointed as a member of the
state committee for standardizing the
elementary schools. Onlv 15 teacners
in the state compose this .committee.
Miss Mary E. Mason, whom hun
dreds of former pupils all over the
south knew fondly as “Miss Mollie,”
died ’’Vesday afternoon in a Macon
hospital where she was taken Satur-
d- - f>-om her home and art studio in
Maoon.
Dr. Andrew M. Soule, Georgia di
rector of the National Emergency
<— was taken to the Crawford
Long hospital. Atlanta. Monday with
an ailment which will necessitate a
sori-ns oneration to be performed this
week.
H. P. Heath, manager of the Ma
con branch of the Regional Agricul
tural Credit corporation, was reported
slightly improved yesterday after he
suffered a broken left arm Sunday as
he slimied on an ice glazed step at
his home.
A wooden water tower in Waycross
was destroyed by flames Wednesday
of last week for “lack of water.”
Firemen responding had a reserve
tank of onlv 140 gallons of '-nter
which wasn’t enough to combat the
fire effectively.
E. T. Williams, chairman of the
city commission, of Quitman, has re
signed and is leaving Quitman this
week to accept a position with the
Chaecellorsville Homestead Communi
ty, Inc., a federal agency, and will live
at Monticello, Ga.
Work was begun Monday on the
new $35,000 air port at Lavonia, Ga.
It is estimated it will reouire eight
weeks to complete this CWA project.
Air experts are of the opinion that
the air port will be large enough to
accommodate the largest planes.
Stanley S. Bennett, dean of Quit-
man lawyers, former member of the
state highway board, will soon an
nounce. it is said, his candidacy for
Judge of the southern judicial circuit
a position held for a number of years
by Judge W. E Thomas of Valdosta.
work, will speak on Farm Adminis
tration and Crop Management.
The Association of Georgia Fairs
opened a two day session in Columbus
Monday, marked by addresses by
Mayor H. C. Smith, Paul W. Chap
man and Miss Lurline Collier. Others
on the program were Gordon Chap
man, Sandersville; O. L. Johnson,
Americus; Columbus Roberts, Colum
bus; Felix Jenkins, Columbus; R. L.
Vanzandt, Marietta and H. C. Mc-
Cullan, Milledgeville.
Cason J. Calllaway, of LaGrange,
prominent manufacturer, Monday was
selected chairman of the board of re
gents of the university system of
Georgia, but he announced that he
would accept the post only tempora
rily and until the board can make oth
er arrangements. Mr. Callaway sard
chat office of chairman would prove
attractive to him but that he could
not spare the time from his private
business.
Operation of slot games, some
times called bagatelle, in which for
the insertion of a coin the player
may shoot for a high score and win a
prize, was branded as illegal gaming
Monday by the Court of Appeals. The
court upheld the convention in Fitz
gerald of R. M. Sparks on charges
of operating a gambling device, the
specific allegation being that he ope
rated a marble machine and gave
cigarettes for high scores.
VOTERS WILL EXPRESS THEM-
SELVES IN POLITICAL TLB*
1*101 L>; 1Al,MA1Hj1v lDMUVAKM.
Atlanta, Feb. 10.—The sales tax—
trieu once in Georgia on a restricted
scale lor a two year penou—may
have a prominent place in tins year 1 *
political turmoil.
The raising ot state revenue for
government operations by taxing real
estate has oeen under fire tor months.
Oovernor laimauge toiok one mill oil
the state ad valoiem tax this year,
saving the people around $1,000,000.
Educational lorces id tne state na\e
become deeply interested in the state s
tax situation. Last November Gover
nor Talmauge, speaking to school
superintendents, told them some tax
reiorms would be necessary and tout
the sales tax might be the answer.
Continued shrinkage of revenue,
which has been a severe blow to tne
common schools, indicates that edu
cators will buck candidates pledged to
see that school funds don’t go beg
ging.
1'uul H. Doyal, chairman of the
Btate revenue commission, appointed
by Senator Russell when he was Gov
ernor, is known by his close friends to
be in favor of a combined sales and
income tax for all purposes. Do>al,
personally is not commenting for pub
lication.
Sentiment has been gaining for the
sales tax, despite the known opposi
tion of merchants and other trades
men, whose duty it will be to collect
tne tax.
When the sales tax first raised its
head in the 1933 legislature, Governor
Talmadge immediately threw his force
against it. He said the tax was being
sponsored by interests. Speaker Ed
Rivers, aruent nules tax advocate saw
his pet bill voted down alter a hard
fight.
The Governor in his Robert E. Lee
birthday speech at Quitman, said “the
general sales tax has arguments both
ways.”
Along with tbe proposition of the
sales tax there probably will be much
heard of the three dollar automobile
tag tax.
The house and senate last year
never were able to agree on the $3
tag and there were many lgeislators
who favored the sliding scale of tax
ation, preferably a 50 per cent reduc
tion in the 1932 tax range.
The general tax act scarcely \fas
touched last year—and probably
won’t be heard of to a great degree in
the campaign this summer
Tw,o of the members of the Georgia
Public Service commission named by
Gov. Talmadge after he fired the old
body have before them for decision
the question of whether they are to
run in the Democratic primary this
year.
Chairman Jud P. Wilhoit and Com
missioner Tobe Daniel, along with the
other members of the Public Service
commisison, hold commissions reading
until the next meeting of the general
assembly. However, tbe terms of men
they succeeded expire December 1
this year, more than a month before
the meeting of the next Georgia leg
islature.
Wilhoit was named to the place of
Chairman J. A. Perry and Daniel suc
ceeded Walter McDonald.
, go - rrt' -he old com
mission under a special statue which
gives him the right to suspend them
until the next session of tbe legisla
ture. When that body meets in Jan
uary, 1935, they must pass on the
Governor’s action. Unless a majotrity
vote of each house approves the action
of the governor, the old commission
will be reinstated.
There is a difference of opinion as
to whether Wilhoit and Daniel will
have to run this year if they want to
stay in office. One group says they
must offer for election while another
contends that they can remain in of
fice until the legislature passes on
toe whole matter.
PRrvn CW'UP AT MACON
INDORSE PRESS INSTITUTE
Maoon, Ga., Feb. 10.—The Georgia
Press Institute which will meet in
Athens Feb. 21-24, inclusive, was m-
dorsed today in resolutions adopted
by the Georgia Newspaper Alliance,
in session at Macon. All Georgia edi
tors and publishers were urged to at
tend.
Milton Fleetwood, Alliance member
and president of the Georgia Press
Association, outlined the program.
John Pasohall, chairman of the press
institute, and Prof. J. E. Drewry, of
the Henry Grady School of Journal
ism, were commended on the program
arranged.
Resolutions were introduced by J. B
Chism, of the Pelham Journal, and
seconded by Warner Hall, of the De-
Kalb New Era; Gordon Chapman, if
The Sandersville Progress; Harry L.
Wise, of the Commerce News, and
others.
plants it furnished and the payrolls
it made, and the money it distribut
ed here. You, no doubt,' know that
the natural growth of timber in the
United States has been practically
depleted. So you can therelore grasp
what it will mean to the community
that starts first to replenish the tim
ber that is an actual necessity to a
country. Then, too, are we showing
the proper consideration to future
generations to allow our wealth to be
destroyed, thus denying them the op
portunity of having the same chance
at making a living we had. All our
neglect in this matter can be at
tributed to the fact that it means a
long period to grow merchantible
timber; and yet if we do not at once
go about doing this the day is not
far distant when there will be a
dearth of these necessary commodi
ties. We will experience it ' in our
own life time. If we could eliminate
No. 3
From
Page One
have taken in Mauk, Butler, Geneva
Howard and Wesley.
• • •
With the announcement that the
telephone in the camp headquarters is
to be used for official business only,
during the past week there has been
a decided increase in monkey business
To muny female voices have caused
the Weliare officer, Lieut. Rohrer to
issue the ultimtum that "from now on
and forevermore any female voice ap
pearing in the intricate parts of this
camp telephone will be handled by me
personally."
• • •
“Oh rats,” said Cocoanut Bennett
after the cooks had lett seven en-
laryed mise on and under his private
quuriers.
BREMER’S STORY
OF KIDNAPING
GIVES HIS EXPERIENCES WITH
HIS CAPXORP lTH
FOR MORE
WEEKS.
THAN THREE
Following is an account by Ed-
waid G. Bremer, Si. r-aul bunker
of ms experiences while Kiuiuped
and hem tor more tnan tnree
weeks tor ^Ob.Ubu ransom.
St. Paul, Feb. 9.—“I left the babv
at school t tmnk about b:3o a. m,
cue lnoiii.ng or January tv, ami driv'l
ing away 1 drove to the corner et
Goouncii anu Lexington avenue, but
stopped for the arterial highwuy. As
1 slopped the left door of the car was
opened and a right arm was extend-
ii a mu a
furnished us at no expense to us I home from Milledgeville this week, is
whatever. We are fortunate in having | much improved and is getting along
Miss Mary B. Hyde of Sandersville,
a co-ed at Mer.cer university in Ma
con has received the highest report .
ever given a student at that insti- i POSTMASTER CANCELS
tution, according to an announcement ■ AIR MAIL CONTRACT
made yesterday. Miss Hyde had all I
A’s on her report and has been a | Washington, Feb. 9. Postmester
leader in her class since entering : General James A. Farley Frde.j cau-
Mercer. She made a record in her [ celled all domestic air mail con’traits
school work in Sandersville, also, be- | as the result of collusion and fraud
ing on the honor roll every mo-nth she i revealed at the Biack Senate ;inu"it
grammar and high tee - investigation.
Less than an hour later, President
Roosevelt issued an executive order
announcing Farley had annulled every
was in primary
school.
The state highway board issued a . . „
call Friday for bids, to be opened on ! alr mail contract and ordered the
Feb. 28, on an estimated $725,000 j service turned over to the army air
worth of work, most of which will be j ser X,lp. e *
paid for out of federal public works I This action was decided upon by
funds. The 12 federal projects, nine j administration leaders including Pres-
of them paving, were estimated to be j dent Roosevelt himself, on the ground
$650,000. About $4,000,000 of the | that there is believed to be sufficient
$-0,000,000 allotment of public works | evidence of collusion or fraud in the
road funds for Georgia already has , awarding of the contracts,
been used, and the new letting will I t 4^! a, ™lnnes, pilots and field ma-
bring the total to nearly half of the 1 '"I-inV a ,’’ d .. , ’ 0 7 erc ‘ 1 de :
„ * 11 mrtmento will be a* the disposal of
allotment. the postoffice department.
it. The fact that it is here does not
add one cent to our taxes. For if it
were elsewhere we would have to do
our share in paying its expense, as it
is a government institution.
What I have said above is for the
purpose pf impressing upon you tne
importance of making the local camp
a permanent one as long as these
camps are maintained in the United
States. This camp was brought nere
by the insistance of those who felt
it would be of help to Taylor county,
.-n for the present time, and mo it
especially lor tne future. It is com
monly understood that there is every
possibility that such camps will be-
.ome a permanent institution. The
government does not want to force
one of these camps on a community,
but on the other hand the promoters
feel that there should be cooperation
given them in this good work, ano
justly they should have it.
it has ueen brought to my atten
tion that there is considerable dis
pleasure on the part of a few to the
work this camp is doing • in the
matter of building fire brakes and
other fire protective measures which
seriously threatens the removal of
this camp to another location in the
state. There is a very small number
of persons hindering the cause but
you can readily see that they may be
the cause of our losing this relief
work and its benefits. The officials of
the government will certainly regret
to know that they are being censured
for trying to help us rebuild our
forest. It is to the credit of the peo
ple who as a whole are not pmy
thankful for this work, but trying to
have it known that we want to co
operate with same; but sometime a
few can cause the many to suffer and
lose. You no doubt have noticed thru
the papers that Macon has been
working for one of these camps to be
located in her territory. There are
many other places that would be glad
to have one. I happen to Ijnow that
if we do not go about discouraging
these objectors to the work, this
camp will -be moved about the first oi
April. So I appeal to every land
owner, and every ' other citizen as
well, to come to our aid. Won’t you
please use your influence in helping
to make this a permanent institution
for our county, in this way nelp lo
bring back some of the resources lha'
have been lost through the promiscu
ous burning of our forest wealth?
You will have to admit that if it dies
not help much, it certainly does no:
do any harm to consider the few
things mentioned above in addition to
the many other aids they have
brought us.
I will be glad to hear from any of
you on this matter. I want to impress
upon you just how much encouraging
word you feel like saying to the offi
cials of this camp. The san e will be
appreciated. Also, wont you write the
Forest Service in Atlanta and help
impress on them that we want this
camp and need it? Let’s not sit idly
by and take it for granted that we
will keep this camp and thus lose it.
It is the duty of every land owner es
pecially to try to make it a perma
nent institution here.
I have written this letter of my
own volition and for the purpose iof
trying to help Taylor county. I have
requested and have paid the local
paper for publishing it. Our local
paper has been very 1 good in publish
ing much free matter, and is to be
thanked for it. So I don’t feel that
the newspaper should be called upon
to carry all the burden.
Again I appeal tp you for your
cooperation in this good work," and
for any .other institution that tends
to help our county. To have a pros
perous community means that all are
benefitted. To have that we must
stand together and discourage the
knocker.
Respectfully,
J. S. GREEN.
MEMORIAL TO STRIBLING
Macon, Ga., Feb. 10.—A lasting
memorial to perpetuate the memory
of the late W L. “Young” Stribling
will be erected at Macon. This became
a certainty Friday with the organiza
tion of a Stribling memorial founda
tion, sponsored by the Macon Y. M.
C. A. and the Macon Junior Chamber
of Commerce and embracing virtually
every civic club in Macon. Indefinite
plans for the project were outlined by
R. M. Gamble, executive chairman of
the foundation, at a luncheon meeting
fine.
* * *
“I am just one of the boys,” said
“Lieut.” Hill when asked why he
Because of the large amount oi
publicity “Lieut.” Hill has been giv- ... .. -
the expense that these barren acre, *-.«{ mmsell, u was unanimously toted j ^ tn ™ 8gn me vml" ^‘“V
of land bring to us it might not be. ^ the col- ‘UonTmove or HI kBl you/
on them from U ycar W to y0 year y S' umn wo^d be wriUen by the aCvv * . * ™y put the car in low gear
they become more worthless eacli mentioned Hill. His interest, other .?*!!;j* up arul
vear if allowed to continue as in the than himself, seems to be devoted to 8 t f r squarely in front of my car.
p»f. »yol Sk If worth
ceptLaf opTorTunit, t» mak, thou. ‘ | SjSmd {jj
valuable ? | We are glad to learn that “Lieut”, *, lngide mv y nau
The local CCC Camp has been , Hill’s devoted femalist who will arrive 8 .. He bega „ y stri - king me ^ th(j
head and must have hit me 16 or 20
times. 1 tried to get out the right
iloor and bumped into something there
and it apparently was another man
who also struck me over the head. My
... , „ - .eyes became filled with blood and I
clidnt wear an offeer uniform. “You i was dazed. They pushed my hea l
see, 1 play athletics with them and ( down under the dash board. Mean-
associatt with them all the time, con-, while my left foot was still outside
sequently I don’t want them to feel . the left door for I had been thinking
distant toward me.” However, unless all the time that someone surely
he uses more distance in his parking would see me as many people were
taking their children to school by that
route at that time of day.
“Finally, I don’t know when, they
pulled my leg into the car and we
started out. We drove a while, I
don’t know how long or I don’t know
where, but it must have been ten or
fifteen minutes later that they
stopped the machine. They put gog
gles over my eyes and told me to get
out. I had recovered my senses some
what and distinctly remembered the
commands to get out of the car, which
I did. Then they placed me fn another
machine.
“I was placed in the back part pf
another car and I was told to lie
down. At that time my watch was
taken away, which they told me was
for identification purposes. They
asked me who I would like to have as
contact man and I mentioned Walter
Magee. They then asked me who else
they could perhaps get in touch with
and I mentioned the names of several
of the boys whom I knew and was
reared with, out at the brewery.
“I was told to sign some notes but
I don’t know whether they were
signed at that stop or a later stop.
The car started and we proceeded to
drive, I don’t know how many hours.
We drove and stopped again many
hours later and it was perhaps at that
stop that I signed certain notes.
“At this stop there was undoubt
edly another car accompanying us.
Meanwhile I was down at the bottom
of the car and couldn’t see or hear
much .AHI could hear w n s that thev
were refilling the car with gas. We
again started to drive and we drove
until it must have been dark.”
PRINTED MATTER FEES MAY
BE REDUCED; TAX ON
BANK CHECKS ABOLISHED
Washington, Feb. 8.—The house
ways and means committee, after
weeks of juggling the figures and
rates of the tax bill to give the gov
ernment more income, today trimmed
quite a few millions of revenue from
the measure by taking the tax off
bank checks and lightening the post
age for the person who sends printed
matter through the mail.
Then, recalling that many disagree
ments in committee that had sent
rates scampering first this way, then
that, and had frequently upset delib
erated decisions reached after days of
study, leaders considered plans to
bring the bill up in the house under
rules that would prevent members
from smashing the schedule of rates
prepared by the committee.
methods from the camp proper, it is
possible that he will be ordered to
keep his distance from Butler, Rey
nolds or any other town in this sec
tion—in other words, he might be re
stricted to camp.
» * •
When misery loves company—Rat
cliff and Burkes, temporarily, at least
cut off from former associations.
* * •
When three is THE company—
Cowboy, Evans and French, telling
the world how a company should be
run.
* • •
When a “feller needs a friend”—
Cowboy trying to make a quiet exit
on a sleety night following the quick
awakening of “the old man.”
* * *
Who said enlist in the CCC and
learn diversified vocation, be a man ,of
the world? This stems to be true
philosophy, at least out at 1430. Every
day the mail brings letters asking for
trained men in the various and sun
dry professions of the nation. Thiee
days this week, a poultry farm in
Iowa has sent a request for an ex
perienced man to operate a poultry
farm on commission basis. We have
the man but don’t have an extra sup
ply Sergeant. |
» • •
Then there are requests for trained
men in radio, electricity and wireless.
We have one man in mind but can’t
spare him, at least not until a blight
moon furnishes us with lights, or un
til lightning-bug season.
* * *
To the people of the Five Points
section we would like to clear up the
suspicion that the noise of Saturday
night left with them. Instead of a
pack of timber wolves being around
as some of the people thought, there
were only four or five of the CCC
boys singing. The tenor voice belonged
to Nabon, while the Irish voice be
longed to O’Gwynn, and the pleading
bass voices belonged to Allgood and
Dunnam. The song; “May I Sleep in
Your Barn Tonight, Mister?”
No. 1
From
Page One
duction credit association as con
veniently as from any carefully-
managed bank.
iwost of the loans will run from 3
to 12 months, depending on the length
of time for growing and marketing
tne crop or live stock which the loan
is made to produce. Loans for other
crop production will usually mature in
less than a year, although loans such
as these ion dairy and breeding cattle
may run longer—up to 18 months.
Applications for these short time
loans are handled in this territory by
Mrs. Sara Cross.
Applications will be acted upon
quickly when they give a clear finan
cial statement of the applicant’s
farming condition, listing all assets
and liabilities, an estimating net
worth. The applicant should name
specifically the farming assets offered
as security for the loan, and give
plan, or budget, showing how he
spected by a loan inspector of the as
sociation. The minimum charge for
inspection is $2.00. Regulations about
inspection charges and collection may
be changed as required by the produc
tion credit corporation. Usually no
charge will be made for inspection if
the loan is not granted
If the report of the inspector is
satisfactory and the loan is approved
by the loan committee of the associa-
i s ] tion, the farmer’s note is indorsed in
going to use the loan applied for and name of the association, and sent,
how he is going to repay it. I along with his credit statement and
Primary security tor production i Ln : vel mortgage, to the intermediate
loans consists of live stock, farming credit bank of Columbia. If the ba"k
equipment, growing crops, or other . approves the credit statement and the
personal property most appropriate security, it makes funds available to
to secure the loan adequately and t* 16 association, and the association
make a chattel mortgage. It is not sends a check to the borrower im-
intended that loans shall be secured I mediatnely.
primarily by mortgages on real es- I Each association is capitalized ac-
tate. Where this type ,of security is cording to'the credit needs of the
taken it will be regarded as additional j territory it will serve. Most of the
collateral. i capial stock is purchased by the pro-
The minimum loan is $50.00 and no 1 duction credit corporation of Colum-
loan may exceed 20 per cent of the b' a and this enables the association
authorized capital of the association, to begin making loans immediatel;’
The amount of the loan should corre- Funds derived from the sale of stock
spond with actual need for credit, to the corporation are used by the
Perhaps more farmers have become ' oca ' association to purchase high
heavily involved in debt because of grade collateral, chiefly government
too much credit than because of the bonds, which are placed with the in
lack of it. Loans from production termediate credit bank to establish a
credit associations will only be made line of credit, that is, to get the bank
as needed; and proper precautions to discount, or lend money on, tn~
will be taken to prevent over-exten- notes of the farmers which the ass<>-
sion of credit so that farms will not ciation has indorsed. Ordinarily the
have to pay unnecessary indebtedness bank will discount well-secure
with resulting interest. farmers’ notes up to five times an as-
attendeq by representatives from After a farmer’s application is re- sociation’s capital. In this way an as-
thesp ."nibs. H“ later apnoi ted com- ceived his financial statement is sooiation may get all the crecu J.,
mittees to work on each intergal part checked and the property offered as needs.
of the program. i security for the loan personally in- (Continued in Next Week’s Issue)