The Hardin tribune-herald. [volume], August 17, 1934, Page PAGE FOUR, Image 4

About The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973

Image provided by: Montana Historical Society; Helena, MT

                
PAGE FOUR
ENORMOUS SUMS LOANED
TO LOT DEBT ON FARMS
Between . Five. . and. Six Million
Dollar? a Day to Stem Tide
At Foreclosure.
"Farmers of the' Pafc'ific north
west may justifiably realise their
good .fortune in having crops
which are considerably better than
over the nation as a whole. While
some spots show the effect of
short' moisture, the general pic
ture is much, better than many
places elsewhere."
Such was, the encouraging ob
servation made this week by Wil-
Ukm'l. MJrers, who as governor of
the Farril Credit administration at
Washington, D.C., has supervision
over ' the federal government’s
whole-unified system of extending
credit to the nation’s 6.000,000
fanners through the co-ordinated
network of Federal . Land banks,
, Production Credit corporations.
Banks for Co-operatives and In
termediate Credit banks. Accom
panied by his official staff, he has
just completed a motor tour of
the northwest.
During the past tense months
these institutions have met the
critical situation facing agricul
ture by lending fanners more than
$1,000,000,000 —or between $5,000,-
000 and $6,000,000 for each work
ing day, to stem the tide of
threatened foreclosures and pro
vide farm operators with working
capital to do their planting, har
vesting and marketing—a task
which G° vernor Myers describes as
the “most herculean of modern
times.”
Beginning in the midst of a
chaotic situation which threatened
to deprive thousands of fanners
of their homes.under a wave of
foreclosure the FCA has not only
thrown up a line of defense
against foreclosure by instituting
a program of refinancing, but has
set up an organization now cap
able of giving the fanner a per
manent system of complete credit
for • all sound purposes—whereby
farm borrowers through co-oper
ative responsibility may take ad
vantage of the nation’s money
markets under low terms of in
terest and favorable terms of re
payment.
In thus building a more secure
foundation under agriculture,
banks and financial institutions
have also been steadied and the
whole national welfare has been
served.
As an indication of the wide
scope which FCA now embraces.
Governor Myers pointed out that
the Federal Land bank of Spokane
holds approximately 25 per cent
of all the farm mortgage debt in
its territory of Washington, Ore
gon, Idaho and Montana or a
total of approximately $131,000,000.
Similarly, the 31 newly organized
production credit associations now
set up locally throughout the four
states to advance farmers funds for
crops and live stock purposes are
meeting the demand in their fields
with a volume of $13,500,000.
“But we have no ambition to
monopolize the farm credit field,”
Governor Myers firmly empha
sizes. “The primary purpose of
the FCA is not to supplant
other agencies, and we are glad
to see that other lenders have be
gun to make their agricultural
loans. But we hope their terms
of credit will syncronize with the
peculiar needs of agriculture such
as we are endeavoring to fulfil.”
Governor Myers further empha
sized that the FCA is making loans
only on a sound basis adequate
to serve the basic needs, but pre
mised on a definite provision for
repayment in all cases.
“Under the law we were required
not merely to disburse money, but
to refinance farmers’ debts on a
basis which would permit them to
carry on and ultimately work out.
“There has been much misun
derstanding of this refinancing
program. We have taken it to
be our job to administer the law
in a sympathetic but fair manner.
It is not our Job to bail out cred
itors. It is our job to loan farm
ers all the law will permit if they
require it in order to enable them
to meet the demands of the cred
itors.
“We realize also that credit
alone is not the full answer to the
farmer’s problem, but we are per
forming an immeasurable service
I>y helping the fanner to refinance
his indebtedness on a lower scale
so that he has a better chance to
-work out eventually.
"In broad outline, the program
Of the Farm Credit administra
tton is not the disbursal of gov
■emment funds, but to provide ma
chinery whereby individual bor
•ers, borrowers, who as individuals
cannot go to investors are pro
vided with machinery to organize
groups operating soundly so that
they will be able to get the funds
they require at lowest possible
rate with sound business practice.
’The fundamental principle is the
Tact that these organisations oper
ate on the co-operative plan.
“This system has proved its
•soundness in the result of opera
tkm of the Federal land banks.
T think their record has been one
which reflects great credit on the
famere and management in spite
«T the tact that they got operat
ing wave the hunt’ of mi. they
w.ere.ible to carry on successfully
for twelve years of declining farm
prices, and wete brought , into a
precarious position only ,by the
practically complete breakdown of
agriculture, at .the.bottom of the
depression. We believe this plan
is sound and it will gain the sup
port of the farmers and those
who are Interested in agriculture."
Before -the FCA. brought all fed
eral credit agencies under one co-,
ordinated supervision, regional ag
ricultural credit corporations had
been set up to perform a tempor
ary emergency lending service to
farmers during the period of rural
banking distress early in the de
pression. These corporations ■ were
Purely governmental agencies,
lending federal money , direct to
farmers. With the passing of the
“mergency period and the estab
lishment of local borrower-stock
holder PCAs under supervision of
the FCA. the old credit corpora
tions will now be liquidated in an
orderlv wav. This was one of
the suhiects of Governor Myers’
visit. He declared, however, that
<n the conversation from RACC to
PGA no farmer willing to “play
fair” would be denied credit.
Bird* Have High Temperatare
Birds have the highest temperature
and therefore the greatest *i>eed of
vital cheuilstrv of any nroatnrvx
notice: of passage of RESOLU
TION NO. 296
notice: IS HEREBY GIVEN:
That on the 7th dav of Ancust. 1934.
the City Council of the City of Har
din. Montana, provisionally oassed a
resolution assessing the costs and ex
penses of sprinkling in Sorinklinx
District No. 2 in said citv. to the
property borderin'- on the streets and
avenues in said district.
That the Citv Council of the City
of Hardin will be in retrular session
on the 21st dav of Aucust. 1934. in
the Council Chambers in the Citv
Hall at 8 o’clock n. m.. when it will
hear objections to the final adoption
of said resolution, at which time and
place anv person or persons who are
owners or amenta of owners of anv
lot or parcel of land within said dis
trict may appear in person or by
counsel and show cause, if any there
be. whv sold assessment should not
be levied.
Bv order of Citv Council.
A. H. ROUSH.
City Clerk.
NOTICE OF PASSAGE OF RESOI.U
TION NO. 297
NOTICE IS HEREBY GIVEN:
That on the 7th day of Aucrust. 1934.
the City Council of the City of Har
din. Montana, provisionally passed a
resolution assessing the cost of main
tainipa Improvement District No- 4
in said city to the property owners
within said district.
That the Citv Council will be in
regular session on the 21st dav of
Aucust. 1934. in the Council Cham
bers in the Cltv Hall at 8 o’clock o.
m.. when it will hear objections to the
final adoption of said resolution, at
which time and place anv person cr
persons who are owners or agents of
owners of any lot or parcel of land
In said district may appear in nerson
or bv counsel and show cause whv
said assessment should not bo levied.
Bv order of Citv Council.
A. rt. ROUSH.
Citv Clerk.
Pub Aug. 10. 17. 1934.
7
Cakes for Picnics
FROSTED cakes for picnics
witboat a crack in the icing:
Yss! It can be done! And
here’s how.
First, bake your cake. Then
remove from pan. and let cool.
After that, return it to pan, wrap
pen in waxed paper and tie it up
securely. That’s step number
one.
Make the frosting a few days in
advance. Put it in the ice-box in
a tightly covered jar. Pack It
with, the picnic lunch, and front
your cake at the picnic grounds.
That's step number two.
■at It before anyone steps on
M. net’s step number three.
Hew to Maks the Frosting
Chocolate is an almost universal
taverite, so wall tell you bow to
make a frosting out of that. You
nesd throe ounces (one package}
of cream chsees, three or four
tablespooas milk, two cups sifted
confectioner’s sugar, two squares
uasweetened chocolate, melted,
and a dash of salt
Soften the cream cheese with
the milk. Add the coaioctioner's
sugar, one cup at a time, blending
after each eddttlris. Then add the
chocolate aad salt, aad beat until
smooth.
Thia makes enough frosting to
cover the tops of two 9-<nch layer
cakes, or the top aad sidea of an.
Bztx3-iach cake, or about a done*
cap cakee. Whoa tightly covered,
ft may ho kept ia the refrigerator
several days before uatag.
Delicious Cup Cakes
Aad hare ia the way to mate
doUeioM cup cakee. Cream owe-’
half cup hatter aad can eup sugar, l
amt A two well host so
Mft tegatimr m aad throo«w
ten cape Soar aad three to*-,
avaaae baMag powder, and aM,
attaraatdy wfth threacmntha w
Wrap from eaaaed ManggH.
TH E. HA RO I N TItI i U N£; .
FARMERS MAY GET LOANS
FOR MOVING LIVESTOCK
Government Allows to S 3 Head
Farm Cattle. $1:50 Range,
S 2 to S 4 Horses. \ .
Bozeman, Aug. 14. —Farmers and
stockmen in emergency drouth
areas can obtain loans to pay lot i
the cost of moving livestock to!
new pastures and range _ lands 1
from the Farm Credit Administra
tion.
■ The money loaned to pay transr
portation costs will be 'limited to
a maximum of 53.00 per head for
farm cattle. $1.50 for range cattle.
$4.00 for farm workstock. $2.00 for
saddle and pack horses. 50. Cents!
for sheep and 35 cents for goats.
Where the livestock, moved from
drouth areas to new pasture or
range are to be returned, the al
lowance for transportation must
cover the costs both ways; and
farmers and stockmen who obtain
such loans are urged to utilize re
duced freight rates on livestock
shipments which now are in effect.
In addition to the allowance for
transportation, loans also may be
obtained to pay the cash costs of
pasture or range rent, the maxi
mum allowance for this purpose
being 50 cents per head per
month.
The loans may be made for the
purpose of moving livestock to new
pasture or range lands outside the
emergency drouth areas or to
transport animals within the
emergency areas.
BY THE GOVERNOR OF THE
STATE OF MONTANA —
A PROCLAMATION
Bv virtue of the authority in me
vested bv the Constitution and the
laws of the State of Montana. I. F.
H. CO"ONEY. Governor of said State,
do herebv proclaim that on Tuesday,
the sixth dav of November. A. D.
1934. there will be held in the State
of Montana a General Election bv
the Qualified electors of said state,
to elect the followine officers, to-wit:
One United States Senator, six
year term.
One United Suites Senator. two
vear term, to fill vacancy.
One Representative In Conirress
for the First Congressional District.
One Representative tn Congress for
the Second Congressional District.
COME TO THI
BIG RODEO
Sept. 3-1-5-6, 1931
SM»ssss=saaas—ssa,u.'‘.Loi. XI ===============
Horse Races - Relayßaces
Also Indian Beadwork and Arts
OLPriMETRIBALCEREMONIES
Dancing Eaclr Nite
COME AND ENJOY YOURSELF
SSbkF ' -
One chief Justice of the Supreme
Court, six vear tend. - - -
One • Associate Justice of ths-Su
oryme Court slx-vear term.
Onb Railroad and Public Service
Commissioner.
Une clerk of the .Supreme Court.
One state Senator In each of the
followine counties, to-wit: - .
Broadwater Carter. Cascade. Cho
teau. Fallon, Flathead. Gran
ite. Jefferson. Judith Basin. Lincoln
Madison. Mineral. Missoula; Petrol
eum. RavaUL . Richland. Rosebud.
Zanders. Sheridan. Silver Bow. Still
water. Tetod. Toole. Valiev. Wheat
land. Wibaux Yellowstone.
Members of the House of Repre
sentatives for the. several counties of
rthe sut- follows: .
Beaverhead. 1: Bl* Horn. Tr
Broadwater. 1:- Blaine 2: Carbon. 3;
Carter 1: Cascade. 6: Chouteau.. 2;
Custer. 2: Daniela 1; Dawson. 2: Deer
Lodee. 3: Fallon. 1; Ferans. 4: Flat
head. 4: Gallatin. 8: Garfield. 1:
Glacier. 1: Golden Valley. 1: Granite.
1: Hill. 2: Jefferson. 1: Judith Basin.
1: Lake. 1: Lewis and Clark. 1: Lib
erty. 1: . Lincoln. 1: Madison. 1: Mc-
Cone. 1: Meaxher. 1: Mineral. 1;
Missoula. 4;' Musselshell 1; Park. 2:
Petroleum. 1; Phillip?.. 2: Pondera.
1: Powder River. 1: Powell. 1: Prairie.
1: Ravalli’. 2: Richland. 1: Rosebud.
1: Roosevelt. 2: Sanders. I:. Sheri
dan. 2: Silver Bow. 10: Stillwater. 1:
Sweet Grass. 1: Teton.’ Ir Toole. 1;
Treasure. 1: Valiev. 2: Wheatland.
Is .Wibaux. .1:. Ye|lowstone: 6.
There will also be submitted to the
Qualified electors of the state at said
xeneral election a proposed Amend
ment to Section 5 of Article XVI of
the Constitution of the State of Mon
tana as provided bv Chanter 80 of
the Laws of the Twentv-third Ix-xls
lative Assembly of the State of Mon
tana. beinc an’ Act entitled:
"An Act Providing for the Sub
mission to the Qualified Electors of
the State of Montana an Amendment
to Section Five. Article XVI. Grant
tax the Board of County Commission
ers the Power to Consolidate Countv
Offices, and Providins: the Procedure
for the Consolidation of Countv Of
fices.”
There will also be submitted to the
Qualified electors of the state at said
xeneral election a proposed Amend
ment of Article XII of the Constitu
tion of the State of Montana as pro
vided bv Chapter 82 of the Laws of
the Twenty-third Legislative Assem
bly of the State Of Montana, beinx
an Act entitled:
"An Act to Submit to the Qualified
Electors of the State of Montana an
Amendment to Article 12 of the Con
stitution of the State of Montana. Re
latinx to Revenue and Taxation. Add
inx Thereto a New Section. Providing
for the Levy and Collection by the State
of Taxes Upon Incomes and the Dis
tribution of said Taxes to the Public
Schools and to the State Govern
ment." .
At said xeneral election there will
be elected the following officers in
each countv. to-wit:
One .Countv- Commissioner Jar a
term of six years; ■ one Sheriff: one
Lountv Clerk: one Countv Treasurer:
one Assessor; one Countv Attorney:
one County Superintendent of Schools:
one Coroner: one Public Administra
tor: One Countv Surveyor: one Countv
Auditor in each countv of the state
entitled to such officer: two Justices
of the Peace for ’ each organised
township in each countv: two Con
stables. for each, oseaniged township
In each county. . •
Officers .will also be electedat said
xeneral. .election to fill anv ,vacancy
extstlnx in any state or county office
where suih vacancy exists otherwise
than itv expiration of term of office.
Also :to determine anv local Ques
tion to be submitted to’ the electors
of any county.
And. in order that such election
mav be conducted in a culet and or
derly manner. I hereby offer a re
ward of One Hundred Dollars
($100.00) .for the arrest and convic
tion of any person vtolatinx any of
the provisions of Sections 10747 to
10771. inclusive, of the Revised Codes
of Montana of 1221. such rewards to
be paid until the total amount here
after expended for such, purpose
reaches the sum of Five Thousand
Dollars (8.5.000.00). * -
IN WITNESS WHEREOF I have
hereunto set my hand and caused
the Great Seal of the State to be af
fixed.
DONE at the Citv of Helena, the
Capital, this the twenty-eighth day
of Jiriv. in the year of our Lord one
thousand nine hundred thirty-tour,
and of the independence of the United
States of America the one hundred
fifty-ninth.
By the Governor:
F. H. COONEY.
(Seal) SAM W. MITCHELL.
, Secretary of State.
CHAPTER S 3
I .
An Act to Submit to the Qulaified
Electors of the State of Montana
an Amendment to Article 12 of the
Constitution of the State of Mon
tana. Relatinx to Revenue and Tax
ation. Addinx Thereto a New Sec
tion. Providing for the Lew and
Collection by the State of Taxes
Upon Incomes and the Distribution
of Said Taxes to the Public Schools
and to the State Government.
Be It Enacted by the Legislative As
sembly of the State of Montana:
Section 1. That the Constitution of
the State of Montana be amended as
hereinafter provided and that the
Question of such amendment be sub
mitted to the Qualified electors of the
State of Montana for their approval
or rejection at the xeneral election to
be held in November. 1984.
Section 2. That the Constitution of
the State of Montana be. and the
same Is hereby amended by addinx
thereto a new section to be known
and desienated as Section 1 (a) of
Article 12. readtax as follows:
FRIDAY, AUGUST 17, 1934
- ’.‘Section $ (a) of Article 12. The
Legislative Assembly mav lew and
collect taxes upon inconics of ’ per
sons, firms and corporations for the
nurnose of replacing property taxes.
These income taxes nav be gradu
ated and progressive and shall be dis
tributed to the public schools and to
the State Government.” j''
Section 8. Separate official ballots
shall be provided at the general elec
tion to be held in November. 1984.
which shall have printed thereon
“PROPERTY TAX RELIEF AMEND
MENT." followed bv all of Section
1 (a) of Article 12 of the Constitu
tion of the State of Montfcna as pro
posed bv this Act. There, shall also
be printed on said official ballots, be
low the said Section., souares and: the
words as follows:
□ For the . foregoing amendment
to the Constitution.
□ Against the foregoing amendment
to the Constitution.
Each elector "who approves ’this
amendment shall mork an "X” in
the first so pare above nrinted.and
each elector who rejects it shall
mark an “X" in the second
sauare. J -y.'.K
Section 4. The votes cast for and
against this amendment above Pro
posed. shall be counted, canvassed
and determined bv such officials, and
in such manner as provided bv law.
and if a majority of all votes cast at
such election for and against such
amendment shall be in favor of such
amendment, the Governor of the
State shall so declare bv nubile proc
lamation and the amendment shall be
in full force and effect as a part of
the Constitution from and after the
date of such proclamation.
Section 5. All acts and parts of
acts in conflict herewith are hereby
repealed.
. Section 6. This Act shall be in full
force and effect from and after its
passage and approval.
Approved March 7. 1933.
United States of America • 1
[ss.
State of Montana I
I. Sam W. Mitchell. Secretary of
State of the State of Montana, do
hereby certify that the foregoing is
a true and correct copy of an act
entitled: “An Act to Submit to the
Qualified Electors of the ■ State of
Montana an Amendment to Article
12 of the Constitution of the State of
Montana, Relating to Revenue and
Taxation. Addinx Thereto a New Sec
tion. Providing for the Levy and Col
lection by the State of Taxes Upon
Incomes and the Distribution of Said
Taxes to the Public Schools and to
the State Government."
IN TESTIMONY WHEREOF. I
have hereunto set my hand and af
fixed the Great Seal of the State of
Montana, at Helena, the Capital, this
25th day of July. 1984.
SAM W. MITCHELL.
(Seal) Secretary of State.
Pu»> Aue. 10. — Nov. 2. 1984.