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Volume 2 



February 5, 1924 



Number 3 



CO-OPS MUST FILE 

 CLAIMS TO SECURE 

 INCOME TAX REFUND 



I. A. A. Is Handling Exemption 



Evidence To Present To 



Government 



The I. A. A., through Its con- 

 sulting accountant, George B. 

 Frazer, Is preparing claims for 

 Income tax refund for farmers' 

 cooperative organizations of Illi- 

 nois upon request from such as* 

 Bociations. Claims from a dozen 

 companies have already been 

 turned in to the I. A. A. for 

 collection. All must be filed be- 

 fore March 15. 1924, in order to 

 be eligible to refund. 



Income tax exemption for CO* 

 operative associations was granted 

 by a ruling of the Internal Reve- 

 nue Department last September, 

 providing such organizations filed 

 proper evidence to secure refund. 



Most File Retnms 



Mr. Frazer will be glad to 

 analyze the claims of any coop- 

 erative organization which will 

 send the I. A. A. by registered 

 and insured mail copies of each 

 of their Federal income tax re- 

 turns for the years, 1918, 1919, 

 1920, 1921, and 1922, and also 

 copies of their outside auditor's 

 reports for each of those years, 

 If there is no outside auditor's 

 report on any year, the financial 

 statements and copies of trial 

 balances should be sent. 



Cooperatives are not denied 

 exemption because they have ac- 

 cumulated a reasonable reserve 

 for the retirement of bonds, for 

 losses or depreciation, or tor the 

 purchase of buildings and ma- 

 chinery. The payment of divi- 

 dends on stock, which must be 

 held by producers themselves, 

 does not defeat exemption, pro- 

 vided it is reasonable and does not 

 exceed the legal rate of interest of 

 the state. 



Marketing Head 

 For A. F. B. F. To 

 Be Chosen Soon 



Definite plans to employ a mar- 

 keting director for the American 

 Farm Bureau Federation were 

 made at the January 24 meeting 

 of the executive committee. 



A committee consisting of Pres- 

 ident Bradfute, A. C. Hardison of 

 California, George M. Putnam of 

 New Hampshire and C. E. Hurst 

 of Iowa, was appointed and au- 

 thorized to select a marketing 

 head at once. A release from the 

 Federation office states that the 

 selection of a marketing director 

 is expected within a few days. 



Corbin Goes To 

 Missouri As Head 

 Of Organization 



E. L. Corbin, Macoupin county, 

 took up his new work in Jeffer- 

 son City, Mo., Jan. 21, as Direc- 

 tor of Organization for the 'Mis- 

 sonrl Farm Bureau Federation. 



During 1922 and 1923, Mr. 

 Corbin served as I. A. A. execu- 

 tive committeeman from the 21st 

 district. He has also been in the 

 employ of the I. A. A. Organiza- 

 tion Department as county or- 

 ganizer in several Illinois coun- 

 ties in 1923. 



/. A. A. Asked To 

 Make Milk Survey 

 By Farm Advisers 



Asserting their belief that any 

 permanent solution of the prob- 

 lems confronting dairymen in the 

 Chicago dairy district is depen- 

 dent upon the merchnndislng of 

 milk on a quality basis so that 

 milk shipped in from a great dis- 

 tance cannot compete with milk 

 produced nearby, seven northern 

 Illinois farm advisers in a meet- 

 ing at the I. A. A. office on Janu- 

 ary 26, asked the I. A. A. Dairy 

 Marketing Department to conduct 

 a statistical survey of milk pro- 

 duction in the Chicago district. 



This survey will determine the 

 amount of milk that is produced 

 from tuberculosis-free herds in 

 each county, the total amount of 

 milk exported from each county 

 for the fluid milk market, and the 

 amount of this volume produced 

 from T. B.-free herds. 



Appointment of a committee 

 from the I, A. A. was recommend- 

 ed for the investigation of a plan 

 toward the merchandising of qual- 

 ity milk to come from tuberculo- 

 sis-free herds only, and to deter- 

 mine the possibilities of selling 

 this milk upon the Chicago market 

 at a premium over the ordinary 

 fluid milk price. 



ANOTHER PROBLEM TO UNLOAD 



A. F. B. F. GOVERNING 

 BODY 0. K.'S FARM 

 RELIEF MEASURE 



McNary-Haugen Bill Like Wallace 



Plan — To Increase Buying 



Power Of Famier 



Exchange Ships To 

 98 Markets In 20 

 States During 1923 



Approximately 600 cars of Illi- 

 nois fruits and vegetables were 

 shipped by the Illinois Fruit Ex- 

 change to 98 markets in 20 states 

 during 1923, according to Manager 

 A. B. Leeper. Distribution was 

 secured through the Federated 

 Fruit and Vegetables Growers, Inc. 



States to which shipments went 

 were, Alabama, Arkansas, Con- 

 necticut, Illinois, Indiana, Iowa, 

 Kansas, Kentucky, Louisiana, 

 Michigan, Minnesota, Mississippi, 

 Missouri, North Dakota, New 

 York, Ohio, Oklahoma, South Da- 

 kota, Tennessee, and Wisconsin. 



Fine Spirit Features 



Ninth Annual Meeting 



The ninth annual meeting of the 

 I. A. A. was a happy and harmo- 

 nious gathering in the eyes of 

 your interpreter. In the neigh- 

 borhood of 800 were in attendance 

 representing 91 counties of the 

 state. 



• At the opening session the exec- 

 utive committee and employees 

 gathered on the platform. The 

 report of work for the year in 

 booklet form was distributed to 

 all, and on the walls of the ball 

 an array of charts and maps vis- 

 ualized the work and activities of 

 the association. 



"Future progress depends large- 

 ly on members themselves," was 

 the keynote of President Thomp- 

 son's address. The Secretary's 

 report faced issues squarely, and 

 made definite recommendations. 

 Certainly there was encourage- 

 ment in the financial report. 

 A New Spirit 



In the evening over 600 ban- 

 queted together in the Methodist 

 church, visited and sang songs. 

 It was a high spot of the meeting. 

 Between songs and story telling 

 there was a hum of visiting con- 

 versation. It seemed there was 

 something different in the air that 

 evening, a new brand of spirit. 



Later when the crowd retired to 

 the auditorium, Benjamin Darrow 

 called that something, community 

 spirit. 



The Election 



The electian of officers came af- 

 ter the evening program. There 

 was no hesitation in choosing S. H. 

 Thompson for president. Outside 

 of a little contest on vice-presi- 

 dent, the election was quiet. 



The scheduled program contin- 

 ued on through the second morn- 

 ing. All of the addresses had 

 quite a definite relation and bear- 

 ing to the work of the association, 

 although there was little time for 

 discussion. Many people expressed 

 the belief tkat it was the best 

 speaking program of any annual 

 meeting. 



Retain Secretary 



The new executive committee 

 lunched tog^her at noon. Their 

 opinion was^nanimous in retain- 

 ing Secretary Fox. It was decided 

 that their first meeting will be 

 held January 31. 



After one address or the second 

 afternoon, the reports of the con- 

 stitution and resolutions commit- 

 tees were accepted with little dis- 

 cussion. A resolution which the 

 (Continued on paca 4) 



The McNary-Haugen bill, farm- . 

 er relief legislation, designed to 

 establish a fair relationship be- 

 tween what the farmer sell; and 

 what he buys, was endorsed by the 

 A. F. B. F. executive icommittee 

 at its m«eting in Chicago, January 

 21 to 24. 



In endorsing the pairpose and 

 intent of the bill, a resolution 

 passed by the committee stated, 

 "desiring, however, that the bill 

 be amended in such a iway as to 

 be more useful in tlme$ of emer- 

 gency and more available to and 

 in harmony with the purposes of 

 farmers' cooperative marketing aa- 

 sociations." 



First Relief Legtetstlon. 



The McNary-Haugen ibill is the 

 first relief legislation to receive 

 serious consideration by the farm 

 bureau. It will be remembered 

 that Congressman Dickinson of 

 Iowa endorsed the bill Hn his ad- 

 dress at our annual meeting. Sec- 

 retary of Agriculture. Benry Wal- 

 lace urged the enactment of the 

 bill before the senate agricultural 

 committee. 



The Pnrpoee ' 



The bill provides for an asrl- 

 cnltural export commission and an 

 agricultural export corporation 

 mth a capital stock of |200,000,- 

 t>00, to be subscribed by the Kov- 

 emment j 



The purpose of the 'bill is to 

 promote equality between prices 

 of agricultural products and prices 

 of other commodities. As a basis 

 for comparison the bill istipulates 

 that the price of agricultural com- 

 (CoDtinued on parfr l> 



as 



Voted Yes or No 

 On Every -Issue 

 During 4 Years 



For four years Henry McGough 

 of Maple Park. Kan* county, 

 served on the executive commit- 

 tee of the I. A. A., a»d durm^ 

 that time he did not miss one 

 meeUng, was not lata at one 

 meeting and he voted yes or no 

 on every questipn before the 

 committee. ^ 



Mr. McGough was the unani- 

 mous choice of the tenth and 

 eleventh . districts on the commit- 

 tee for another year, but he de- 

 clined to serve. In appreciation ' 

 of Mr. McOough's faithful ser- 

 Tlc*, the voting delegates pre- 

 sented bim with a gold watch 

 chain. 



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