Show IDAHO PlAN Proposition Entails Entails- Millions for Farmers POCATELLO Ida Feb 20 Optimism Optimism Is felt over the program completed here the tho last t few w days dars along the line Une of ot fi financing ti- ti naming the farms of ot southeastern Idaho during the the se season son ahead The project Is represented in the formulation of the Idaho Agricultural Loan company and pledges a good many Idaho financial institutions to back a federal loan to the farmers for the propagation and protection protection tion of ot crops The company Itself is In InI Incorporated incorporated In- In for and the stock stoel I subscribed Ih Pocatello on the first day was The balance Will Vill be taken care of The main idea Is to secure for Idaho the loan of ot for farm tarm I aid ald More than sixty banking I of ot the southeastern part of ot the state were I represented at the meeting and the fol following fol- fol lowing were el elected members of the II board of ot directors R. R J. J Comstock Rexburg Rexburg Rexburg Rex- Rex burg Frank Berryman Blackfoot A A. S. S I Stanger Idaho Falls J. J T. T Young and C C. A. A Valentine Pocatello James Bussell Twin Falls George Wedgewood Good- Good ing log The session was presided d over by J J. J T. T Young and the principal address was by Governor D. D W. W Davis who cited that several of ot the largest corporations of pf the northwest would take stock pledges in the loan corporation The movement is fathered by the war finance corporation and the regulations provide that capital lI must be s subscribed sufficient to commence business and that it shall be augmented b by each borrower I subscribing 10 p r cent of ot his loan to the capital stock management of ot the company company com corn pany is independent of the borrower loans shall be made on chattels used to produce the crops and the first advance under the loan shall not exceed the loan value of the chattels and there must re remain remain remain re- re main in the fund an amount sufficient from which to make advances for seeding I and planting of crops expenses and harvesting harvesting har har- vesting costs a local committee in each I har-I zone shall recommend all loans The articles of incorporation were filed I Saturday and nd the concern will be in full swing by the first of ot March I |