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Show THOMAS TAKES FARM BAXK WAR TO FARMER Deposed Treasurer Says He Explains Conditions as They "Really Exist" The hundreds of farmers of Utah who have joined Government Farm Loan Associations will be interested in the following attitude of former Director George W. Thomas of this State who was the first treasurer of the Berkeley Federal Bank appointed appoint-ed by President Wilson. It is hoped the Government will adopt a more liberal policy regarding appraisements appraise-ments else the dream of the farmer of cheap money on long time will be only a dream as he will he unable to raise enough on his securities to do the necessary improving and paying off of debts to give him any considerable consid-erable relief. Charging that for farmers to look to the Federal Farm Loan bank in Berkeley for assistance is nothingq more than a "huge joke," former Director George W. Thomas, deposed treasurer of the institution, is working work-ing out plans in detail to inform the farmers of district 11, which is un-i un-i der the jurisdiction of the local j bank, in an effort to persuade them ; not to patronize the institution, according ac-cording to a statement made by him. i "The bank is useless, to local farmers, unless the policies of the board in Washington are changed," he said. "Farmers can get $500 or I $GO0 on groves of prunes or apricots from a private bank when they can only get $100 or $150 from a Federal Fed-eral Farm Loan iank. The Farm Bank appraises the land at such a low value that it is not worth while for the farmers to patronize it. "This fight has just begun as far as I am concerned. I shall not appeal 'to the Government any more. I am going directly to the farmers and tell : thorn of the conditions that exist." Thomas, as treasurer of the bank, 1 ! was a member of the board of directors direct-ors at the time of the federal probe I! in the early part of July. He is a j : pro!' ssor in the Utah Agricultural j College and represented that section of the district. He resigned on July 2, but was asked to stay until matters mat-ters could be straightened out in Washington. Thomas' statement followed the receipt of word from Washington that -the resignation of the official heads of the local farm loan bank had been accepted. |
