Salt Lake Telegram | 1932-04-14 | Page 5 | Now Credit Source for Get Growers is Opened

I Credit Source for forIt fort It f t Growers Is Opened I gar igar gar beet growers having In conIts con conS Its Its ts with wills the Utah Idaho ho Sugar comi comi com i i r Thursday had a n new credit tee rec open to them with the t oh h l late te Wednesday of or the Sugar company compan which d for this capital the thc company ob credit of or from the ledl led fed Lt l' intermediate credit Bank of keley Cal Ca making a total o of 1000 1000 1 1000 available to producers in Ut Utah h. h do o. o Mont Montana na Washington and lh th h Dakota according to Willard annon president of or the company cd ed and fertilizer adv advances alread already C been made Mr 1 Cannon said money advances will be made as the beet crop progresses Loans will willbe willbe be made on a basis of ot acreage up to and including harvest time when the final inal advance will be based on ton na nage e. e More than growers will be beable beable beable able to obtain loans at 8 per cent except ex for tor seed for or which no rio interest will be charged Mr Cannon said Borrowers Bor for rowers need only post their crops as security he explained Ten per cent of the capital has been subscribed and as the need for additional addi credit ari arises es more capital willbe willbe will willbe be paid in Mr Cannon said ald Stock Stockis is common and is valued at 10 a ashare ashare ashare share in the articles of or incorporation I Officers also directors of or the company com corn pany pony are arc Mr Cannon president W W. T I secretary W. W Bert Robinson treasurer Other directors are arc S S. H H. Love and B. B R R. Smoot The officers represent the Utah Idaho Sugar compan company com corn pany pan which subscribed the capital