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Show LIVESTOCK MEN A8K RELIEF. Possible Destruction of Industry Through Curtailment of Loans. Washington. Relief from what was described as possible "destruction of tho livestock Industry," through curtailment cur-tailment of banking loans, was sought from the federal reserve board by u committee of livestock producers. They asked tho board to encourage banks of the reserve system to aid them lluanclally In raising and marketing market-ing their product. The committee, which camo as tho representatives of a Chicago conference confer-ence of producers, packers and hankers, hank-ers, predicted dire consequences to Uie livestock Industry throughout the west unless bankers and cattle loan companies com-panies discontinue "calling" loans. They said millions of dollars In loans were maturing this fall, and they believed be-lieved it reasMiranco from the board that It approved of such credit extension ex-tension by the banks would muterlully lessen the difficulties with which tho livestock men have to deal. |
