Show government WILL STOP j LENDING FARMERS MONEY I 1 As farm conditi conditions ons improve and we ve think they will improve we expect the th 6 government to retire from the bu business arsi ness of lending government i mone money to farmers and we believe and hope hole this will te be accomplished by 1938 this statement stat ment by governor I 1 W L I 1 myers of the farm credit administration 1 in washington was re I 1 cc ived in oakland by W D ellis beneral Le age agent nt of the administrations administration eleventh tle district aT strict staling staffin g that this accomplishment will eliminate from the aarm credill credit administration all emergency govern I 1 anent cedi tand confine its loans en 1 clr el to IL the granting of cooperative s aliton rl iton FC it business basis governor myers communication continued j we believe farmers do not want a 1 continuing credit subsidy and the permanent institutions of the farm C credit administration are set get up ir in such 9 a way that the farmer fanner borrow er fr bm these cooperative 1 ions lions eventually may own all of the T bao ta tock ock in them and the voting poev power which goes along with such rt ocic athe federal land banks product I 1 associations fk and nd other co pe laore credit institutions are builte to stand on their own feet the me rover y has loaned farmers a r the capital necessary for f edit dit business and these institutions cannot te be truly cooperative e capital Is paid back back I 1 goi govenor anor myers emphasized the fact that the purpose of the farm arc credit administration is not to lend money but bu to bev credit farmers from the investment marketa at the lowest possible cost re he concluded that in his opinion farmers are prepared to 6 accent the re TO as well as the benefits of this ibis cooperative servi service ice |