Show GRANGE STUDIES I INFLATION AND AND ANDI I Ii j 41 LOAN PROGRAM J Land and Bank Official Urges Attitude Toward i Friendly r f sIU Institution BOISE Nov 21 i Thc iP-Thc The influence Dt o two nationally prominent fIg figures res today today pressed upon the national l in convention here one urging the organization toward indorsement I of ol inflation and the o other her calling for fora forI a friendly toward the administrations administration's admin I emergency farm loan pol pol- icy Although Senator B Borah rah 1 left tt the i U I U seene ene of the convention two days ago t I his hIU appeal for lor inflation and restora of the antitrust laws still rang In ln the ears tho-ears ears of ot numbers rs of ot grangers who o prepared to act on resolutions m iii jil I d his suggestions JS- JS 1 I fewest N west Appeal The newest appeal was from A. A S S. S C Goss Coss s national land bank commission commission- cr cr who will confront the grangers With an explanation of cC the operation of the emergency farm loan program I with his contention that the policy 1 Cognizant of ot the fact resol resolutions are re already before before- the grange grange- one asking more liberal appraisals and a. a lower rate of interest and another I 1 I p proposing th that t the land banks bank scale b down their mortgages Go Goss discussed i the these e Issues issue briefly beforehand in an i fri 0 He He said tho land banks intended tc to a carry earry out the wishes of congress I In lending on normal values U H He defended the fairness of ot th the valuation val plan explaining that the tho apI appraisal ap ap- I was determined mainly by capitalizing the net earnings of the theland I land at 5 S to 8 per cent i I Good Horse Sense Of Q course cours in all instances good I hb horse horo o sense Is applied ho ha comment ed dOn On th the whole there has been lIti little lit lIt- i 1 tIe tle complaint Most Mast of at that has has' come from those who arc are so deeply In debt debtS S that th they y cannot be helped I Loans are Ire being completed at the I rate of a d day y at present he heI I said and added That compares with 2250 a S month last year d As A to the resolution asking the banks to scale down their thIr mortgages I. I his reply was was' emphatic J We cant can't The banks are arc financed 4 t by bonds and if mortgages were to 1 down it ft would be bo to sell the c bonds 1 |