Ogden Standard-Examiner | 1922-10-22 | Page 21 | Financing for Farmer is Told

financing fosT farmer is told Need of Permanent Organization Organi-zation Voiced by Eugene Meyer, Jr. SAJT LAKE. Oct. 21 Eugtno Meyer, Jr., managing director of tho War Finance corporation. epealclng before membora of the chamber of commerce today explained tho need B permanent organization t tl-nance tl-nance the livestock and ugrlo.ultura.1 industries of the country after the. present corporaUon ct'.asuD to function hlch t3 expected about. July 1923. "Th War Finance corporation Is essentially es-sentially a temporary organization, designed de-signed to meet an emergency," Mr. Meyer aaid. "During the past 18 months. It haa made or approved loans aggregating 600,000.000. Thos.i loans i n, i ed th farmers and stockmen through approvlmately 4400 banks, a lnrge number of co-operalive marketing market-ing assoclatlonn with memberships totaling to-taling about three-quarters of a million, mil-lion, and through about 100 livestock loan companies operating In tho west." Continuing with hie speech, the corporation cor-poration director outlined three plans for an orgai.'batlon to function after tho dissolution of the finance corporation. corpor-ation. The need for local capital and co-operative management woa declared declar-ed essential to the sucr&s of any plan. Government banking In plans of tills l:ind Is un-American and Impractical, Mr. Meyer said. If the War Finance corporation deserves even a small part of the credit which the people of the v.ast havo generously attributed to It. for Its part in meeting their difficulties, difficul-ties, then. Indeed, everyone of us who has been connected with inat public service may justly take satisfaction. I "We, In Wahlngton, have received I too largo a portion of praise. I ask ,3'ou now to Join with mo in giving-praise giving-praise where praise Ls due. I mean to tho public spirited committee which I has made success possiblo in this state. I I ank you to give jufit recognition to E. O. Howard, chairman of our local lo-cal committee; to C. 8 Burton. J. E. Cosgriff, T. J. Farrer and Ernest Bam- ;lerger, members of the committor; to !G. A. Crltchlow, secretary of the committees com-mittees and to G. A Marr, formerly aoretttry of the committee, and now fiorving unselfishly and efficiently general counsel of the War Finance 'corporation In Washington."