Show STOCKMEN TO TOI I SHARE CREDIT 1 PLAN BENEFITS Message of Cheer for West I Industry Given by S S. S L. L I Board Member SPEED IN LOANS PLANNED U. U S S. S Hurries Opening of Utah Regional Office OHice Br DJ United ness DENVER Feb 12 A 12 A message of cheer cheer to western livestock growers was received b by Governor Adams today today today to to- day from Wilson McCarthy of f Salt Lake a director of the newly organized organized organ organ- Reconstruction Finance corpora corpora- tion McCarthy wrote that he was sure the corporation was going to be effective ef cl ef- ef in routing the depression Livestock growers of the west areto are areto areto to share equally in its benefits with the great industrial corporations of the east he revealed Already the machinery for aiding livestock men has been put in motion and the result is going to be a great reduction in the aid the growers will require re from local banks McCarthy declared The Reconstruction Finance corporation corporation corporation corpo corpo- ration is establishing local corporations corporations corporations corpora corpora- which can borrow from the government and then extend livestock livestock livestock live live- stock loans in the same way as the war finance board operated McCarthy McCarthy Mc- Mc Carthy wrote I He said he was uncertain when he would get a to return to Salt Lake but that when he lie did he would stop off eff in Denver and explain explain explain ex ex- ex- ex I plain the corporations corporation's methods o or of aiding the livestock growers in deta detail de de- de- de ta tail il U. U S. S Speeds Work For Crop Loans By m Associated Pru WASHINGTON Feb 12 12 Speedy organization of ot machinery to to l lenc li farmers funds from the appropriated for 1932 crop production production production tion was the aim today of the agriculture agriculture agriculture agri agri- culture department nt Four new re regional regional re- re gional offices must be established forms and application blanks prepared prepared prepared pre pre- pared legal points cleared up anc and count county committees appointed before the spring planting season arrives Secretary Hyde has announced regulations placing a limit on individual loans and 1600 on loans to tenants of an any one landowner in ina inn ina a n s single county Farmers must pay 5 2 1 per cent interest George I. I L. L Hoffman director of the seed loan office declined even to guess today when the thc first loan will willbe willbe willbe be made i There is too much to be done to tomake tomake I make an any kind of prediction he said I 1 can only say we will work as fast as possible The was set aside under under under un un- un- un der the Reconstruction Finance corporation corporation corporation cor cor- cor- cor act and can be used only for planting this years year's crops None can be used to pay interest or taxes It was appropriated to case ease stringent rural credit and will vill be available in every state except Connecticut Connecticut Connecticut Con Con- and Pennsylvania which do donot donot donot not have state laws for tor the taking of crop liens a security required 1 under the regulations The new regional of offices ices will be opened in Minneapolis Salt Lake City Spokane and Dallas Offices now exist in Washington ton Memphis St St. Louis and Grand Forks N. N D. D The seed loan office last year supervised su supervised supervised su- su the loaning of approximately approximate approximate- I I ly to farmers |