S, 1923 



nent; Will 



e-Year 



ling 



:om grow- 

 night of 

 $200 to 

 racts and 

 for their 

 marketing 

 :ond meet- 

 ns for a 

 ere made. 

 ( the mar- 

 outlines 

 association 

 a clause 

 le men on 

 ars. The 

 members 

 hich is to 

 Bankers' 

 ict, one to 

 ean of the 

 t and one 

 he IllinoiB 

 n. 





fF' 



-k: 



Volume 1 



December 20, 1923 



Number 19 



GRAIN MEN WANT 

 ACCOUNTING FOR 

 FARM ELEVATORS 



Farmers' Grain Dealers Ask Com 

 mittee To Make Plan of 

 Co-operative Accounting 



Meeting at the invitation of 

 the Illinois Agricultural Asso- 

 ciation, officers of the Farmers' 

 Grain Dealers Association of 

 Illinois and managers of several 

 elevators asked a committee of 

 four to outline a definite ac- 

 counting and auditing plan for 

 fanners' elevators. 



The Committee is composed of 

 President Fred A. Mudge of Peru 

 and Secretary Lawrence Farlow, 

 of the Grain Dealers' Association 

 a,nd President S. H. Thompson and 

 Secretary George A. Fox of the 

 I. A. A. Tbii committee will work 

 wOb Coorge E. Fraze/', consulting 

 accountant of the I. A. A. 

 Recognize Problems 



Recognizing that farmers' mar- 

 keting organizations hare a very 

 definite problem in accounting 

 bookkeeping and auditing, the 

 I. A. A. made a study of this sub- 

 ject and recently employed Mr. 

 Frazer to advise and assist in the 

 work. Presidents of several suc- 

 cessful elevators were asked in to 

 talk over the relation of the prob- 

 lem to their organizations. Later 

 a second meeting with both presi- 

 dents and managers was called. 



It was the opinion of these 

 meetings that standardized ac- 

 counting and centralized book- 

 keeping would be an advantage. 

 With each organization doing 

 (Continued on page 3) 



Incorporate New 

 Producers Dairy 

 Co-op at Decatur 



Articles of incorporation have 

 been received by the Producers Co- 

 operative Dairy of Decatur, the 

 newest cooperative dairy company 

 started with the help of the I. A. A. 

 Dairy Marketing department. It is 

 capitalized at $75,000. 



The Macon County Farm Bureau 

 with E. H. Walworth, farm adviser, 

 was instrumental in starting this 

 organization. Plans are being laid 

 at present for the sale of stock 

 afld the purchase of a business lo- 

 cation. 



Incorporators of the new associa- 

 tion are: John A. Record, Guy E. 

 Hockaday, Lewis Bear, James F. 

 Watkins, Guy Meckel, Valentine 

 Cravens, C. E. Weikel, L. V. Wheel- 

 er, J. E. Underwood, Howard A. 

 Beverly andH. L. Butt. All except 

 the last two named are members 

 of the Board of Directors. 



Three More Added 

 To Budget Committee 



Three additional members were 

 elected to the I. A. A. Budget 

 Committee for 1924 at the Decem- 

 ber meeting of the Executive Com- 

 mittee. They are C. E. Bambor- 

 ougb, W. H. Moody, and Vernon 

 Lessley. 



Other members of the commit- 

 tee, chosen in November, are Pres- 

 ident S. H. Thompson, Secretary 

 Geo. A. Fox, Chas. Finley, A. O. 

 Eckert, and Henry McGough. 



'''^ Eradicate T.B." 

 Aim of County 

 Farm Bureaus 



Logan, Ogle, and Marshall-Put- 

 nam counties have recently hired 

 veterinarians to start area testing 

 for bovine tuberculosis, according 

 to reports coming to M. H. Peter- 

 sen, in charge of tuberculosis eradi- 

 cation for the I. A. A. Adams 

 county has secured an appropria- 

 tion to hire a county veterinarian. 



Educational campaigns toward se- 

 curing county appropriations have 

 been started by the Washington, 

 Henry, Carroll, and DeKalb county 

 farm bureaus, states Mr. Petersen. 



Grain Committee 

 Making Study of 

 Marketing Plans 



Pending a thorough understand- 

 ing and working agreement be- 

 tween the National Wheat Growers 

 Advisory Committee and the U. S. 

 Grain Growers, the I. A. A. grain 

 marketing committee recommend- 

 ed to the executive committee at 

 the December 5 meeting, that ac- 

 tion or endorsement be deferred. 



The grain committee considered 

 the recent report of the U. S. 

 Grain Growers announcing that 

 the organization is ready to sell 

 grain, and it tnet with representa- 

 tives of the National Wheat Com- 

 mittee, who offered a plan for 

 starting an Illinois wheat growers' 

 organization and working relation 

 with the Grain Growers. 



The grain committee asked that 

 it be given more time to study 

 the plan submitted. In its report 

 the committee stated that the 

 I. A. A. should do everything with- 

 in its power to aid co-operative 

 marketing and to encourage co- 

 operation between farmers' organ- 

 izations engaged in co-operative 

 marketing. In making the report. 

 Chairman H. E. Goembel stated 

 that the committee is just as anx- 

 ious as all others to see a plan 

 started, but he thought it best 

 to haveta thorough understanding 

 first. 



HE IS GOING TO SOLVE IT 



STATE TAX BODY 

 PRESS STATEMENT . 

 IS NOT CORRECT 



Commission Figures Reduction 

 Made in 1922 Twice;; 

 Failed To Equalize ~ 



(This cartoon first appeared In 1921. It Is reproduced by r«QU6at.) 



''Give Us Equal Values," 

 Forty Co. Bureaus Ask 



"■We ask you to place valua- 

 tions of all classes of property 

 on the same basis in the counties 

 where the facts prove that farm 

 land valuations are high, and we 

 ask .you to treat all classes of 

 property alike in raising or low- 

 ering valuations in the counties 

 where valuations are now on an 

 equal basis," John C. Watson 

 of the I. A. A., told the State 

 Tax Commission at a hearing in 

 Springfield, December 6. 



One hundred representatives 

 from 40 county farm bureaus were 

 there to present the facts in theii 

 counties. The hearing was on the 

 question of state taxes. The final 

 figures of county boards of review 

 are taken by the Commission as a 

 basis for state taxes. It is the 

 duty of the Commission to equal- 

 ize for state tax purposes, to see 

 that valuations of all classes of 

 property are on the same basis. 

 City Values Same 



Mr. Watson was first on deck. 

 He told the Commission that the 

 figures from 99 county boards of 

 review showed that the average 

 valuation of ' city real estate is 

 somewhat lower this year than 

 last. "We know that there has 



been a big increase in building, 

 yet we find no real increase in this 

 class of property," Mr. Watson 

 said. 



Lands Bednoed 10.0 



"The figures from the same 99 

 counties, not including Cook, Lake 

 and LaSalle, show that farm land 

 valuations were reduced 10.6 per 

 cent under the valuations of 

 1922," Mr. WaUon told the Com- 

 mission. "This reduction is about 

 half as much as it should be to 

 be on the same basis as city real 

 estate. Our investigation shows 

 that farm land valuations average 

 45 per cent of their real values 

 and that city real estate is valued 

 at less than 40 per cent of their 

 real values. It will &ke another 

 reduction of ten per cent to equal- 

 ize farm lands for state tax pur- 

 poses." ' ■ 



Connties Testified 



In support of this argument 

 represenUtives of 10 counties told 

 how they had carried on investiga- 

 tions to get the facts on valuations 

 of different classes of property, 

 and they presented evidence show- 

 ing that farm lands are valued 

 higher than city real estate. 

 {Continued on page S) 



According to a press state- 

 ment made by the State Tax 

 Commission, the Commission has 

 approved the ^valuations made 

 by county boards of review in 

 99 counties of the state for state 

 tax purposes. The counties not 

 included are Cook, JjaSalle and 

 Lake. 



In the statement the Commis- 

 sion says, "There was a decrease 

 of $105,894,378, or 10.6 per cent 

 under the valuations of 1922." 

 It further states that "the total re- 

 ductions of land valuations in the 

 state tor state tax purposes by the 

 Commission in the years 1921 and 

 1922 amounted to $12ftt23S,708: 

 adding this to the reductions made 

 by the boards of review in 99 

 counties this year, we have a total 

 reduction of land values in three 

 years, under 1920, tor state tax 

 purposes of 1288,130,086. 



Is Not True 



The figure $288.1 30. 08£ is an 

 error, says John C. Watson of the 

 I. A. A. The reduction of 868.- 

 922,086 made in valuation of land 

 in 1922 is included twice in the 

 total figure, Mr. Watson states. 

 It is first included in the reduc- 

 tion made by the State Commia- 

 sion in 1922 and again in the coun- 

 ty valuations of land for asseaa- 

 mcnt purposes this yeaJT 



The total reduction for state tax 

 purposes is about 8220,000,000 as 

 compared with 1920. rather than 

 8288,130,086, Mr. Watson sUtes. 



RefONed In 7 Coantles 



The Commission's acceptance of 

 the valuations of land placed by 

 county boards of review for stale 

 tax purposes means that it has 

 refused to equalize valuations in 

 the seven counties discussed at the 

 Sept. 6 hearing for either county 

 or state taxes. 



A complete statement of the ro^ 

 suits of the tax work will be made 

 in the next issue of the Record by 

 Mr. Watson. \ 



ASKS FX>R HEi^knu'G 



The I. A. A. Transportation de- 

 partment has asked for a bearing 

 before the Illinois Freight Associa- 

 tion for the purpose of securiac 

 the co-operation of the railroads 

 in the obsen-ance of tlie strictest 

 sanitary precautions in loading 

 pens, cars. etc.. to aid In the tu- 

 berculosis eradication campai^. 



y 



