Show Unjust Loan Embargo On Bas Basin 11 Farms Mr fr Editor It would seem from Crom the reception accorded those making the recent recent publicity run of the Salt Lake Commercial Commercial Com Com- mercial club by many In t tae e basin that there was some little resentment resentment resent resent- ment ment against Salt SaIt Lake and her efforts effo efforts ef ef- fo forts ts to be bo sociable and ana to get better acquainted with the basin However However However How How- ever this may be there was at least one person who made that trip who vho had a real message for the people That That person was Prof Fred W. W Merrill Merrill Mer Mer- rill 1111 of the dairying department of the department of agriculture and it is to be regretted that he ho did not get to deliver his message message to the farmers and producers Prof Merrill is also connected with the Federal land bank incorporated incorporated incorporated within the state through he lie efforts of President Heber J J. J Grant and W W. W. W Armstrong and others and through whose channels it is hoped to put the farm farmers rs of the state in direct touch with the federal federl feder feder- al l money to be loaned to farmers and dairyman dairymen It has developed that the Federal reserve banks have placed an embargo embargo embargo em em- bargo on the basin bash and decline tomake tomake to I make further loans loans- to farmers on on lands within the ba basin In We Wo are informed in- in informed informed in in- formed that when the new Federal land bank was organized acting upon the information obtained from those huse conducting th the tho business of tho the Federal reserve bank tho the directors of or this new company enforced the same embargo as to r federal deral money being loaned on the farms of the basin This directorate consists ofa of ofa a member from each of several severa leading banks in Salt SaIt Lake all being extremely conservative alive old fashioned fashioned fash fash- Bankers Prof Fred W. W Merrill is one ono of or orthe the land appraisers the tho new Federal land bank Believing that embargo against loans being made on farms In the tho basin is unjust and that if it proper steps can be bo taken by the people of the tha nasin this embargo embargo embargo em em- bargo can be lifted and this cheap long time money be made available to our farmers the tho writer took es- es status of the lands and water rights of the basin before Prof Proto Merrill believing believing believing be be- lieving this to be the key to the so solution solution so- so lution of the raising of or the embargo on federal loans being made here You Yon no doubt understand hat that t theVan tho the thoVan thoVan Van Bacon Kleeck Investment Co and the tho Irrigated Farms Mortgage l Co of Denver Denyer are aro calling in man many ot of their loans over the tho basin That at least some of or the farmers holding these loans are aro unable to raise the tho money and that In instances already some at least of these farmers have haye been closed out at from 20 to 30 0 of the tho real value of their property property property prop prop- erty and are powerless to help them- them Continued to Page Four Unjust Loan Embargo On Basin Farms f Continued from Page One selves pelves The state of Utah has loaned loaned loan loan- ed cd more than the basins basin's proportion of funds In their loans on farms and while tho the state will renew loans already made where the security Is ample and Justifies the loan they have made no new loans since Jannary Jannary January Jan- Jan nary uary 1 I am informed at the capitol and that the state now hason hason has hason on hand applications for tor moro more more thana than a 6 half halt million of dollars that they have no money to meet the loans with It is thus evident that something should be done to relieve this situation situation situation situ situ- throughout t the valley or ruin will still sUII come to many farm cIU- cIU zens The Tho only relief possible seems rio fro be bo the Federal land bank andI and I It has Issued an embargo us t Thus finding Prot Merrill very r much Impressed with tho the basin and tt n possibilities the writer assumed rth the responsibility of inviting him to return at ai some Borne other date and andt t j thoroughly Inspect our land and andt I t water conditions and the merits of or our demands for tor relief through the ther r f F Federal deral land bank 1 i Agreeably it was decided when wo we reached Salt Lake that w we wd would draw up an Itinerary and Invite Mr r. r A. A A. A HInkley of Millard county county coun coun- ty who stands today one of the first agricultural authorities oi of of the tho state land who has been selected as I understand understand understand un- un the matter as state agent or r sta state e manager or of agricultural loans under this new Federal land bank to Join Mr Merrill in this trip and I feel assured that if It tho thEL two Of or them can and will make tho the rip the the embargo against the basin willMe will willbe Me b be lifted and Federal land bank loans made on at least those portions portions por- por of the basin where cultivation kand and water right Justify loans being made f fi Just 1 i Just as soon as Mr Hinkley's promise to make the trip can be secured secured secured se se- cured an Itinerary will be drawn up to to visit the basin and beginning at p Duchesne gh lne 1 touch c Mountain Home ome Doneta Altonah Bluebell My Myton ton and and to Roosevelt Then covering Ute the balance of ot the basin including the dio Vernal country I i Now Mr Editor are the people Interested and will they cooperate In n this movement These men will wm ask for nothing but information They will pay their own way but they would like the tho people to turn turnout turnout turnout out at the various points visited showing their Interest In those who are are trying to help the people to help themselves and to give th them m audi audi- ence It has been suggested that the trip be made the tho second week in Novem Novem- ber This date will be adhered to if it is possible for these men to arrange arrange ar ar- range fange their affairs to get away At any rate when the time of ot coming comings Is a s definitely known the itinerary will willbe willbe be sent each of the communities and the newspapers pers and from this it is 18 hoped some Bome one In earn community will take ke hold of the matter and prepare prepare prepare pre pre- pare the people of that community to meet the visitors The writer appreciates he has as- as considerable responsibility in this matter matte but the opportunity presented itself itsel and still sUll posses- posses Ing lug a love for the basin and Its people people peo pee pie and a desire to serve that service m means help to all the people the risk was taken the responsibility ty assumed and I am sure if It the itinerary itin IUn- itinerary can be carried out and the people will respond and act an injustice In Injustice inJustice in- in justice to the the tho basin may be corrected correct correct- ed and aad the whole people benefited This is la my sole reason for batting butI butLing but bat I tint ting in Mr Editor Very truly yours r f. f R. R 8 S. COLLETT Camp Collett V Uintah C County Utah O October tober 2 1922 m |