Show HOOVER CREDIT FINA FINANCING IN UTAH STARTS bilna financing cang of the bam banking icing agriculture and livestock industries under federal measures began monday morning A halt half million dollars was cl located tor for livestock teed feed loans with edward E jenkins as ad administrator mints I 1 I 1 arrangements haive been completed i whereby the reconstruction finance Cropo ratton will make available a I 1 substantial amount tor for depositors of the deseret savings bank the ogden sate bank of ogden the farmers and merchants bank of provo and other closed utah banks ac according cordIn g to E D 1 0 Il howard oward chairman of the reconstruction finance committee actual operation of the bankers livestock loan company through the reconstruction finance corporation with its two billion dollars credit will be started in the reconstruct on process salt lake should play an important part since it Is one of the eight regional headquarters through which the unit ed ad states department will loan to aid farmers with their crops the salt lake office will handle and pass upon all applications tor for crop production loans tor for utah southern idaho Wyon wyoming colorado nevada and california this agency tor for reconstruction la in addition to the reconstruction finance corporation the tha bankers livestock loan company a and nd the departs department ot of agri agricultures cultures teed feed loan agency funds rr for emergency feed loans are now available and while there has been some misunderstanding as to the requirements necessary in securing these loans mr jenkins advises that feed loans up to per herd hard are available subject to the waiver of prior mortgages up to that amount all ali applications actions should be made though the county agent and local commatee loans may now be made madej I 1 in every county in the state mr atra benkus Is 13 now n touch ath washington and when changes in the requirements tor for securing emergency teed feed loans are made the information will be sent to the tha county agents and will be released to the press these are the same committees as be served on the drouth relief the dankers livestock loan company which begins operations this week Is tor for ap 1 blanks for loans will be aval available lable to borrowers at any intermountain bank this loan company will operate to finance the livestock industry end e nd extend the obligations of growers and and reduce interest charges of 0 an overburdened industry eliminating the necessity of market dumping to obtain cash A B owyer dwyer asai assistant stant feed loan agent of 0 the depatti nant of agriculture arrived ived sunday from grand forks 11 D to make the halt half million dollar fund for feeding sheep and cattle aballa available ble at once this fund Is supplementary and additional to tho the dankers bankers livestock loan company Secret secretory airy alyda agreed to make this fund available following a I 1 conference with senator reed smoot and Con Congress gressin tinn n don den B D colto coltof i abillar A similar tun fun to Is being crele cr pote I aci idaho livestock men mans loans will be arde through county agents accord according to arrangements being made by senator john thomas thoma of idaho deseret news |