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Show EL1EF . Salt Lake Man Announces I That Plan of Financing Has . ; : Been Arranged , : f WASHINGTON? June 22. PlanS'for ' ; financing the wool growers until ,a ' i j market for wool is re-established, hav0 -! j been worked out at conferences be- tween the growers and the federal -re'- , i serve board, it was announced todfty ' by F. R. Marshall, of Salt Lai se SiS ' secretary of the National Wool Grow- f ers' association. Under the plan, Mr. Marshall said 4 woo grower may ship his wool to : i one of the usual points of dlatribut on f obtaining from the railroad a bill of lading for the shipment; the grower 1 ' may then draw a draft agalifa i bank for such an amount as may be I agreed upon by tho grower and the fV I bank, secured by the bill of lhC I tno federal reserve act authorise J f any member bank to accept ; a drTA ' secured In this manner at the tlnic of acceptance, provided that the draft irom tne time of acceptance. Aftoi- I acceptance such a draft bearing the ' endorsement lof a member bank is HtM eligible for re-discount or ourchSio bv a federal reserve bank providTd thftt 1 a has a maturity of not more t an three months from the date o re-dte count, or purchase." le-dis- IH hadllS (of tho federal rcser ve ct ?8 TpS" j bility for dLscount of paper secured f3y warehouse receipts. irea ,3 |