Page 2 



Ulinoii Agricnltiiral Auodation 



RECORD 



Puhlishe* twice a month by the 

 IlIt7T*i8 Ajrrl«ultural Association. 

 6«8 South Dearborn Street. Chicago. 

 IHin«la Edited hy News Publictly 

 •eyartment. !•■ J. Mpntrosa, Director. 



Bntry aa second class matter Oct. 

 !•. 1921. at the post orfice at, Chi- 

 cago. IlJlnoiB, under the act of 

 March 3. 187». 



The Individual membership fee of 

 the Illinois Agricultural Associa- 

 tion is Ave dollars a year. This 

 fee Includas payment of ten cents 

 for subscription to the Illinois Ag- 

 ricultural Association Record. 



OFFICEltS 



President. S. H. Thompson. Quincy. 



Vice-President, A. p. Eckert, Belle- 

 ville.. ♦^ 



Secretary, Geo. Al Pox. Sycamore. 



Treasurer. R. AJ Cowles. Blooming- 

 ton. 



KXECUnV'E CO.>I5IITTEE 



By Congressional Districts 



llth— Henry McGough. Maple Park' 

 12th — Q. F. Tullock, Rockford. 

 Mth— ~C. E. Bamborough, Polo. 

 14th — W. H. Moody. Port Byron. 

 15th — H..E. Qoembel. Hoopol^. 

 16th — G. E. Reder. Mendota. 

 17th — F. D. Barton, Cornell. 

 18th — C. R. Pinley. Hoopeaton. 

 19ih — D. J. HoUerman. Sadorus. 

 20th — Earl J. Smich, Detroit. 

 *lat — E. L. Corbin. Carlinville. 

 ;2nd — Fred Baumberger. Iteno. 

 •3rd — Carlton Trimble, Trimble. 

 24th — Curt Anderson. Xenia. 

 25th — Vernon Lesaley, Sparta. 



The Illinois Agricultural Asiocilition Record 



Aprn 1, 1923 



75 to 100 Lots 

 of Seed Tested 

 Daily By State 



Seventy-five to 100 samples of 

 seed are being received daily at tbe 

 laboratory of the Illinois State De- 

 partment of Agriculture. Tbe anal- 

 ysis of seed is free to eacb individ- 

 ual, firm or corporation on five 

 samples a year. A fee of fifty cents 

 is charged for each sample In ex- 

 cess of this amount. 



This law was passed several 

 years- ago, being one of the first 

 pieces of legislation which the I. A. 

 A. backed. It has resulted In a 

 tremendous improvement In the 

 quality of Illinois seed and the elim- 

 ination of many noxious weeds that 

 otherwise would have found their 

 way to the farm. 



I. A. A. ADVISORY 

 COMMITTEES NAMEO 

 FOR 1923 PROGRAM 



Directors of Departments, 



iT^I^^'-J^ A. Office 



General Office and Assistant to Sec- 

 retary. J. D.' Harper; Field Organiz- 

 ation. J. C. Sailor; Organization Pub- 

 licity. G. B. Metzger; News Public- 



' ity. !/■ J- Montross; Transportation. 

 L. J. Quasey; Statistics, J. C. Wat- 

 son; Finance. R. A. Cowles; Fruit 



' aixd Vegetable "^larketing. C. E. 

 Durst; Live Stock Marketing, C. A. 

 Stewart : Dairy Marketing, A. D. 

 Lynch ; Phosphate Limestone, J. R. 

 Ben*. 



CONGRESS PASSES 

 FARM CeiT ACT 



(Continued from Page 1) 



land mortgage loans, these twelve 

 banks being directed by a central 

 y~i — 1 liyitn ^Jla■n BuTeaa In 



Wasbington. 



Credit Bank 



In connection with each of 

 these land banks there is to be 

 established an intermediate credit 

 bank, located in tbe same city with 

 the land bank and under tbe sup- 

 ervision of the officers and direc- 

 tors of the land bank. The Fed- 

 eral govemjnent supplies each of 

 these inteiinedlate credit banks 

 with a capital of not to exceed 

 15.060,000. These intermediate 

 credit banks are authorized to dis- 

 count farmers' notes which have 

 l>een taken by banks and other 

 financial Institutions, and then can 

 carry such notes for a term of 

 from six months to three years. 

 The bankai may also loan direct to 

 farmers' cooperative associations 

 under conditions set forth in the 

 act. 



- "These intermediate credit 

 banks may issue del)entures which 

 will have back of them the farm- 

 notes which the banks have 

 The idea is that these de- 

 bentures may be sold to people 

 who wish a safe investment. They 

 are exempt from taxation, Just as 

 the bonds issued by the Federal 

 land banks are exempt. The in- 

 terest charged by the intermed- 

 iate credit banks may not exceed 

 by more than one per cent the. 

 interest paid on the debentures is- 

 sued, and the farmer who borrows 

 must not be charged an interest 

 rate of more than one and one- 

 half per cent above the interest 

 charged by the intermediate credit 

 ' bank. 



Second Division ' 



"The second division of the act 

 authorizes the ^organization, under 

 a Federal charter, of national ag- 

 .rtcultural credit corporations, 

 these to be organized by private 

 capital. They will be under the 

 supervision of the Comptroller of 



the Currency, Just aa are other 

 nationa,! banking Institutions. 

 They must have, a capital stock of 

 at least ,J250, 000. They may issue 

 collateral trust debentures up to 

 ten tinges their capital and sur- 

 plus. Such corporations will prob- 

 ably be organized in the Western 

 States where the live-stock indus- 

 try is Important and where now 

 cattle Iban companies are in op- 

 eration. 



"In addition to the provisions 

 of the act designed to furnish the 

 farmer much needed ifit^rmediate 

 credit, certain changes have been 

 made in the law under which the 

 Federal land banks operate and in 

 the Fedleral Reserve A^t. Provis- 

 ion far the establishment of tbe 

 so-called permanent organization 

 of the twelve Federal land banks 

 is made by providing that three 

 out of the seven directors for each 

 bank are to be elected t>y the bor- 

 rowers from tbe bank and three 

 fre to be appointed b(y the Fed- 

 eral Mrm Loan Buteau. The 

 seventh director, who will be the 

 president of tbe board, will be 

 chosen from three persons who 

 have received the highest nomina- 

 tion vote for this position by the 

 borrowers or stockholders In the 

 bank. 



9iS5,MO MMdmam 



"Heretofore the maximum 

 amount which might l>e loaned to 

 any individual by the Federal land 

 banks has been {10,000. This has 

 been increased to $25,000. Also 

 the purpose for which mortgage 

 loans may be made has been 

 broadened to Include tbe repay- 

 ment of any existing indebtedness. 

 The Federal Reserve Act is 

 amended by broadening the defi- 

 nition of what is called agricul- 

 tural paper, making it Include the 

 grading and processing of agricul- 

 tural products by cooperative mar- 

 keting associations. Heretofore 

 the Federal Reserve Banks have 

 not been permitted to discount ag- 

 ricultural paper for a longer per- 

 iod than SIX months. This period 

 has been increased to nine months. 



State Banks 



"A large number of state banks 

 are not now members of the Fed- 

 eral Reserve System, some of them 

 because their capital is not large 

 enough to meet the requirements 

 of the law. An amendment to the 

 Federal Reserve Act is carried in 

 this biU designed to encourage 

 small banks to Join the system. A 

 bank which has capital equal only 

 to sixty per cent of the capital re- 

 quired of national banks may now 

 be admitted, if within a reason 

 able time the capital will be in- 

 creased to correspond with the 

 capital required of national banks. 



"The life of the War Finance 

 Corporation is extended up to Feb- 

 ruary 219, .1924, the expectation 

 being that by that date the new 



President Appoints Farmer 

 Counselors for Eighth l-J 

 Projects of Woric ^' 



President S. H. Thomp-son 

 has announced his list of selec- 

 tions for the various advisorj- 

 committees of the I. A. A. 

 These committees meet upon 

 8all and discuss their various 

 {)hase8 of the work during the 

 year, sometimes making recom- 

 mendations to the executive 

 committee. 



As the result of the advisory 

 committees each great phase of 

 the work of the I. A. A. Is given 

 a maximum of personal study, dis- 

 cussion and advice. Tbe commit- 

 tees for 1923 are as follows: 



Finance — A. O. Eckert* Belle- 

 ville; Henry McGough, Maple 

 ITark; Chas. R. Flnley, Hpopeston. 



Live Stock— W. H. Moody, Port 

 Byron; Vernon Lessley, Sparta; 

 C. E. Bamborough, Polo; Geo. F. 

 Tullock, Rockford; C. B. Goble, 

 Charleston; W. B. Elliott. Wll- 

 liamsfleld. 



Grain Marketing — H. E. Goem- 

 bel, Hoopole; D. J. Holterman, 

 Sadorus; Curt Anderson, Xenia; 

 a. E. Reder, Mendota; W. A. Mc- 

 Neil], ChandlervlUe. 



Fruit and Vegetable— A. O. Eck- 

 ert, Belleville; Fred Baumberger, 

 Reno; Senator H. M. Dunlap, Sa- 

 voy. 



Legislative — S. H. Thompson, 

 Quincy; F. D. Barton, Cornell; A. 

 C Ererlnsbam, Hutsonville. 



Phoaphate-Llmestone — F. D. 

 Barton, Cornell; Fred Baumberg- 

 er, Reno; Frank I. Mann. Gilman; 

 a. 6. Harshall, Serena. 



Dairy Marketing — Henry Me- 

 Gough, Haple Park; Carlton Trim- 

 ble, Trimble: L. E. Blrdsall, Ster- 

 ling; H. E. McDonottgh, Hamp- 

 shire. 



Organlzation^ubllclty — Barl C. 

 Smith, Detroit; E. L. Corkin, Csr- 

 linviUe; J. H. Checkley, Uncoln; 

 J. M. Beckett, Blue Mound; W. B. 

 Elliott, Williamsfleld ; A. C. Page, 

 Orange Judd Parmer, Chicago; C. 

 V. Gregory, Prairie Farmer, Chi- 

 cago. 



Walton Peteet, 

 of A. F. B. F., 

 Aids Illinois Bill 



Walton Peteet. of Texas, since 

 taking up bis duties last month 

 as director of co-operative mar- 

 keting for the American Farm 

 Bureau Federation, has been 

 making addresses all over the 

 country. He has been active in 

 support of the co-operative mar- 

 keting legislation now before the 

 Illinois, Colorado, Ohio and other 

 state legislatures similar to tbe 

 laws which have already been 

 passed in 18 states. 



credit facilities provided for under 

 this agricultural credits act will 

 be sufficient to meet the needs. 



"This Agrkiultural Credits Act of 

 1923 Is one of the most important 

 acts passed by the last Congress. 

 It marks an earnest effort to pro- 

 vide the farmer with the sort of 

 credit he must have to carry on 

 efficiently. It is not class iegisia- 

 tion. The results will be helpful 

 to business In general, because 

 the effect will be to stabilize agri- 

 cultural production and market- 



injg." , -r 



1923 Contract 

 For Phosphate 

 Soon to be Let 



Negotiations are being made for 

 letting the contracts for this year's 

 supply of phosphate for Illinois 

 Farm Bureau members by the Phos 

 phate-Llmestoae Department of the 



A. A. It Is expected tbat the 

 contract will be made at as early 

 date. 



J. R. Bent, In tharge of phos- 

 phate-limestone work for the I. A. 

 A., recently attended a meeting of 

 the Ground Rock Phosphate Pro- 

 ducers at Nashville, Tenn., where 

 he sounded out present conditions 

 in the phosphate market and met 

 loauy of the large producers. 



Hearing Before 

 State Senate 



On 'Co-op* Bill 



At a hearing before the Com- 

 mittee of the Whole of the Sen- 

 ate the day after the meeting of 

 the Executive Committee i n 

 Springfield, Walton Peteet, Direc- 

 tor of Co-operative Marketing for 

 the American Farm Bureau Fed- 

 eration, made an address showing 

 the urgent need of a co-operative 

 marketing law In Illinois. He ex- 

 plained to the legislators that co- 

 operative marketing, the farmers' 

 main opportunity to place his In- 

 dustry on a par with other great 

 Industries, was, under present Il- 

 linois laws, under a tremendous 

 handicap. 



Charles Adkins represented tbe 

 president of the Illinois Farmers* 

 Grain Dealers Association and 

 spoke against the bill. Everett C. 

 Brown, president of the Chicago 

 Live Stock Exchange, Lawrence 

 Farlow, secretary of the Illinois 

 Farmers' Grain Dealers Associa- 

 tion, and Secretary Cotbertson, of 

 tbe Illinois Grain Dealers Asso- 

 ciation, also gave brief talks in 

 opposition. 



FARM BUREAO HEADS 



CONFER WITH I.A.A.; 



OISCOSS^POLICIES 



Meeting Planned For More 

 Than Year; All County Pres- 

 idents Asked To Come 



The presidents of all of the 

 countj' farm bureaus of the 

 State were asked to come to Chi- 

 cago on the la.st Monday in 

 March for an all-day conference 

 to be held at the I. A. A. offices. 

 Policies of a state-wide nature 

 were to be discussed. 



It had been planned for more 

 than a year to call a meeting of 

 this nature, to get the opinions of 

 the heads of the various bureaus 

 and to promote discussion of sub- 

 jects and policies of a common in- 

 terest. The size of the conference 

 and the distance which some of 

 the presidents would have to 

 come, however, made it difficult 

 to select a time satisfactory to all. 



Marketing, finance, legislation, 

 taxes and other subjects were to 

 be brought up at tbe conference. 



Illinois Pastor 



Real Worker for 

 Farmer Progress 



The peY. Mr. John Acheson, 

 pastor of the Presbyterian Church 

 of Priiicevllle, Peoria County, Illi- 

 nois, the author of the farm bureaa 

 sermon in tbis issue of The Record, 

 is one of the foremost believers in 

 farm cooperation in the State. In 

 addition to his pastorate and farm 

 bnreaa duties, he is also agricul- 

 taral editor of the Peoria Tran- 

 script 



"Tbe Bible," says the Rev. Mr. 

 Aebeson, "is full of the greatast 

 aertcnltural and co-operative mes- 

 sages ever given." 



irasssisiasiaEsissiSQisisisisfSiSisra j 

 A FARM BUREAU SERMON 



Gtm tmt it •halU ir liven »»(o you; tood metimt, prtued dm, 



sMken loiether oaid rmnning tver, — LuM 6:38. 



B]r the Rev. Mr. John Adieson 



THE Idea of "getting by giving" Is generally accepted as a 

 ehnrchly thoaght, and whea one reads the text he passes it 

 over to long-faced church folks as a very practical thing for 

 them; but modem secular life is still so selfish and pagan in 

 its motives and standards tbat such an ideal cannot apply- 

 However, to the contrary, let us say tbat the very essence of 

 the words quoted is practically workable in almost every 

 phase of life; especially is this idea a practical one tor tbe 

 farmer who desires success tn his business. 



When he sacrifices a heavy crop of clover by plowing it un- 

 der, he is working out the principle of tbe text — GIVING into 

 tbe soil nitrogen and hunns material and with the next crop 

 from that field he G£TS "good measure, pressed dswn, shaken 

 together, and running over." 



He attends a sale in the fall of tbe year where pure bred 

 bogs are sold. He needs a herd boar. The price runs up on 

 the good ones to the place where he thinks he can ill afford 

 to buy, but he GIVES and the next spring and summer he 

 watches the growth and development of his pigs, and at the 

 co-operative marketing pens when his car-load tops fhe mar- 

 ket, he realizes that he GETS in better hogs, "good measure, 

 pressed down, shaken togethei', and running over." 



The farmers' own business organizations, the county Farm 

 Bureau, the I. A. A., and the A. F. B. F., cost him a little 

 money. He is asked to GIVE 115.00 eaish year to support his 

 own program, to work out a solution to the many problems 

 confronting the business of agriculture — the biggest business 

 in America. GIVE — he gave, a hundred thousand farmers in 

 Illinois have given a little money each year for a few years 

 toward this end and by reading carefully the accomplishments 

 of the I. A. A. and the A. F. B. F. during the years of their 

 activity, one can well appreciate tl^e truth of and application 

 to every phase of farm life of the very practical teachings of 

 this scripture: "Give, and It shall be given unto you; good 

 measure, pressed down, shaken together, and running over." 



