OCR Text |
Show Valley Farmers Get More Federal Aid Application through the Gunnison Valley Farm Loan association, according ac-cording to K. H. Bardsley, secretary of the organization, last week totaled total-ed $125,000. The request for loans this week will reach the $150,000 mark. Since the first of February this year approximately $200,000 has been distributed among the farmers farm-ers of the valley. Tbo applications for last week amounted to twenty and the amount averaged slightly better than $5,000. This week there were twenty-five applications sent out. There are yet a number of the farmers who will! apply for the federal aid. It is esti-1 mated that before the end of the' season the grand total for the applications appli-cations will reach near the $1,000,-000 $1,000,-000 mark. The financial aid which has been made possible by federal enactment is proving a boon to the local farmers. farm-ers. In every instance where the aid has been granted, vast improvement work is being carried out and the borrower is putting his possessions in shape to be able to obtain the highest possible yield. Not only this, but material improvement is being made in substantial buildings, adequate ade-quate facilities for handling irrigating irrigat-ing waters, better stock and altogether alto-gether there is an air of prosperity throughout the valley as the result of the money being used to this end. The new bond issue, effective the first of May and amounting to approximately ap-proximately $75,000,000, by the federal fed-eral government, will give much relief re-lief throughout the country where it is to be applied and through this medium the farmers will be assisted in getting back to a normal condition without the posibility of a great sacrifice. |