Show farm debt relief belief plan mapped out by visiting washington official it must be made clear that the debt adjustment plan the farm credit administration Is de to aid farmers actually in dist distress Iress by reducing their debts and la Is not intended to bring about a 9 scaling g L cown of debts where the farmers are able to meet their obligations ligat ions I 1 this was the staten ent of 11 II E drobish of washington D C of rf of the farm debt ol vision of the federal farm credit administration tit at a meeting with members of county debt adjustment committees farmers and bankers vt ot tle te newhouse hotel monday of lat last week the meeting vas as one of three held ii lii salt lake list week the first of a series to be h held e 1 d throughout the state at which the banri debt administration setup will be pr liine f f t the committees W 8 guilford Ou Uford assistant sec secretary federal land bang at cerkel c cv calif also wok took part in the met meetings ings 1 ahe he meetings are for the pur pose of instructing county committeemen in the work ork before them and to acquaint them w s th methods of procedure I 1 said saad mr drobish lie he made numerous nerous suggestions based on the experiences ot of similar s in 35 other states in which 1400 have been formed the idea he declared I 1 Is to pre present ent uri unnecessary necessary foreclosures fore closures ures and to secure for acied ci ed t tors ors as larg a share as possible of the proceeds resulting from clewing clearing up tap edness among faxon rs the debt adjustment setup is not a chiseling chi proposition it is for the welfare of the creditor as well as the farm debtor making mailing possible a final settlement of the debts hangnga over mer farmers often the creditors profit by accepting a s slash I 1 ash in the debts and the firmer certainly will ALII be better off the thought we V e would A life to get out to the farmers now noa I 1 that these county committees are ready to function if farmers ini astre stress s in any county will ill contact a member of the r debt com ettee and outline their p it is entirely possible thit that the corn com cittee can bring creditor and debtor into agreement on scaling down the debts the purpose of these committees is acl tc baing cred tors find and dors together r and ta tat lat is I 1 whit chon chev ire readi to do nov mr drobish clew that he and mr guilford are here in an advisory capaci tN only and that the debt situation iti aaion in utah Is tor for the state to handle with ith every enery assistance s si from the farm debt adjustment administration and the federal land bank mr guilford explainer explain ec the pol 1 iches of the federal land bink b ink in making loans and appraisals and nd declared I 1 it must b t understood that the land bank must make loans on a purely business busine gs basis basil and farmers cannot expect to obtain loans bl ond nond the security they hanc hac to offer in order tatt their debts man m be wiped out the debt adjustment plan has been devised to aidi aid farmers in their efforts to scab down their debts to the satisfaction j f their creditors during january and february the federal land bank sent 1 50 0 TOO o into utah for farm loans the inhere interest t rate of per cent is relate ashely ely low and lias has proved very cry attractive to farmers I 1 william peterson director of the tension extension division of utah state agricultural college a speaker at the aftem afternoon oon session mid a relatively small percentage of utah farmers are in distress and that on the whole utah is in good shape agriculturally ag lie he said lid so 30 per cent of the banners have hae no mortgages on their property praise for the efforts of the st state stae ae committee e and for the activity wid and interest in the work dis displayed plaNed by governor blood was aunda bv ur mr drobish and mr guilford arb une ime |