OCR Text |
Show Banks Favor Diversification Emphasis was placed on the strategic position the banker holds through the ! use of directed credit at a recent, meet-, meet-, ing of the Alabama bankers' agricultu-; agricultu-; ral committee. Alabama is confronted i with the problem of over-production of cotton. The committee recommended to banks that credit be extended on the basis of a twenty-five per cent reduction re-duction in cotton acreage. The value of growing other crops than cotton was strongly stressed and county outlook out-look meetings are being planned with the thought of bringing about a more balanced agricultural program in the various communities. |