Show PLAN TO AID AD LIVESTOCK STOCK J JAt LEN LENAt At a conference held at the treasury treasury treas ury department in Washington called called call call- I ed at nt the Instance of or Senator Gooding Good- Good I ing of ing-of of at Idaho a general a-general plan was outlined outlined outlined out out- lined whereby the banks of the country country countr coun coun- tr try will advance 5 to carry carry carry car car- ry the livestock industry through the existing crisis the federal re re- re serve banks to rediscount the paper accepted by the banks as security on livestock loans It was the concen concen- sus of opinion among those present that the financing of the livestock industry was not properly a subject ju t ct for federal legislation nor for the thet t federal deral treasury but the banks it was agreed would advance the amount required on a plan the details details details de de- tails of which are to be worked out at a a. a subsequent conference of bankers bankers bankers bank bank- ers to meet at Chicago Attending the conference were Senators Gooding Stanfield Kendrick Kendrick Kendrick Ken- Ken drick and Smith representing the agricultural agricultural agricultural ag ag- states the secretary of the treasury director Meyer of the war finance Vice Governor Governor Governor Gov Gov- Straus and Miller Hamlin and 1 of the reserve reserve re re- re- re serve board Governor Miller and Director Bailey of the Kansas City Reserve bank Governor Stron Strong of or the New York Reserve bank bank and J. J J.P. P P. Morgan Morg n representing the big bankers of New York City he having hav hav- ing gone over esp especially dally for Inis conference The banks of or New York Chicago Kansas City an and some other western cities are to appo appoint nt aboard a aboard aboard board to work out the dt details Mr Morgan saying the bankers banken of ot NewYork New ew York were anxious to h hap lJ our oH as he k knew ew the bankers of Chicago o i id other otner large centers wo-i wo 1 be lie lier r rs d the tLe livestock ck ci industry r could be financed without re res resort n t to legislation i ml 11 trl that loa loo IS s could b be P at lb ilia r e e oP of Inter Inter- e tart ut t. The conference and agree agreement nent was the result of the persistent work worl of or Secretary Gooding who has had four sessions with Secretary rr of the Treasury Treasur Mellon work on this tills problem The senator I It l. sat satisfied after arter after af ar- ter the conference that ampe ample funds will be forthcoming just juat as q as the bankers themselves can ar er- arrange arrange range the details of their plan o of financing The treasury officials also expressed the belief that this plan would be the quickest and most certain to grant the financial aid necessary to save the livestock Industry in industry In- In from destruction 10 |