I'ayt- Si.i- 



THE I. A. A. RKCORI) 



Agricultural Investment 

 Company. 



'■piIKKK has boon rt'c-ciitly organiztd 

 ■ in connection with the Transporta- 

 tion Hank of Chicago, the "AKrirul- 

 tural Investment (Company, <>(»S So. 

 Deiuhorn Street, Chicago, Illinois."! The 

 similarity t)f names and address of 

 our As.sociation with its afliliati'd and 

 nssociate<l organizations, and this 

 (^ompany, seems to reiiuire a state- 

 ment from the Ass(uiation setting 

 f(;rth the relations of the two organ- 

 izations; in order to prt-vi'iit an»l re- 

 move c<in fusion in the minds of sornt' 

 ()} onr memhers and others. Neither 

 tile Illinois Agricultural Association or 

 its olliceis or nu-mhers of its Kxecu- 

 tive Committee, have any connection 

 with or linancial interest in either the 

 Transportation Hank of Chicago or 

 the AgiicuMural Investment ('ompanx. 



Mr. (U'org.e C. Jew«'tt, President of 

 the Transportation Hatd\ of Cliicav<i 

 and of the Agiicult lira! Investnu-i.) 

 Company, appeare<l before the {execu- 

 tive Committe*' in its meeting of Aug. 

 lli, at the suggestion and invitation oi 

 the ollicers of the Association. Hi 

 outlined tlu- purposes of .the .Agiicul- 

 tural Investment Company and dis- 

 cussed the sul).iect of rtiations. His 

 statement follows and clearly sets forth 

 relations t'xisting and should renune 

 any possilde misunderstanding in the 

 tnatter. The Executive Committci' of 

 thi' Illinois Agricultural Association, 

 has directed, for reasons ahove set 

 foith, that the statement otl'ered by 

 .Mr. Jewett in regaid to the Agricul- 

 tural Investment Company, he pub- 

 lished in an oflicial publication of the 

 Association, and is as follows: 



"As a courtesy to your executive of- 

 ficers I submitted to them a few days 

 ago a prospectus setting forth plans 



GEORGE E. METZGER 



Ml . Mcl/nt-r, Dirt-i'lor of Orn-'inizat inn, will havt- 

 < li;ir^<- of till- s< .iff of clislilrt iiKii who will assist 

 the > ouiil ics t !iit>ut liixit tlir st;ilf in thrir <>r|4iini 

 /at ion proSlt'nis. Mcnibirship in the Illinois Atifi- 

 t'liltiiral Assoriation is on tlic iipwiird tirade :is 

 shown by irsiilts of icnt wal campaigns held during; 

 n< lilt months. 



investments you may cure to make |ier- 

 sonally or any assistance you may care 

 to render iii the distribution of thi 

 slock will be gfi-atly appreciatetl. The 

 Agricultural Investment Company will 

 do three things. It will own the con- 

 trol of a Joint Stock Land Hank which 

 will provide ■ long term credit on tlu 

 amortization plan. The Joint Stock 

 Land Hank, of course, will be undei 

 (Continued on page 8) 



Fruit Growers 



(Continued from i)age 5) 



crop information and conditions, am 



our growers liave learned that keep 



for ^n Agricultural Investment Com- ing their own organization reliably 



own good 



pany which has just been organized to 

 operate in connection with the bank 

 which I iim interested, and with whicii 

 you are familiar. I did this that they 

 might be apprised fully of what we are 

 attempting to do in behalf of the agri- 

 cultural industry. Your oflicers !.ave 

 V e r y graciously 

 asked me to come 

 here and present 

 to you, the mem- 

 bers of the Kxecu- 

 tive Committee, in 

 the same way the 

 salient points in 

 our further pro- 

 gram of agricui- 

 turaL iinance as 

 provided in the 

 Agricultural In- 

 vestment Company. 

 ''The In vest mem 

 Company is an Il- 

 linois corporation 

 capitalized f o r 



■S,')(K>,(HIO. The stock 

 is b e i n g sold 

 thi'oughout the 

 state to farmers 

 and 'others at on' 

 hundred dollars 

 per share. Any 



itiformed works for their 



"A cooperative encounters another 

 dilTiculty when a marketing season 

 starts off at a price too high to dis- 

 pose of the entire fruit croj). Fruit 

 [)rices <hange rapidly and if the prices 

 start off at a high figure, only a part 



STEPHENSON PROTESTS TO 

 STATE TAX COMMISSION 



Board. of Review Refuses to Take 

 Action on Equalizing Assessed 

 Valuations in County 



\ FORMAL protest was made by 

 *- the Stephenson County Farm 

 Hureau to the Illinois Tax Commission 

 recently calling attention to ine<|uality 

 in farm and city valuations existing 

 in that county. The study made by 

 the Farm Hureau tax committee and 

 John C. Watson of the I. A. A. shows 

 that to place farm lands on the same 

 average assessment as the city of Free- 

 jiort, wouhl recpiire an average cut of 

 21.7 pi-r cent in farm valuations. Or 

 to place town and city lots on the same 

 average assessment as farm lands, it 

 would be ne<-essary to have an averag" 

 increa.se of ;{2.;»1 pi-r cent in valuations 



The Iwal BoanI of Review admit te<i 

 that the inecjuality exists, but refuses 

 to take any action for three reasons 

 as follows: They haven't the time, 

 they don't know how, and they have 

 been advised not to do anything. 



"We request that you take immedi- 

 ate action to bring al>out efiuaiization, 

 either by sending a representative 

 from the Tax Commission to this 

 county to investigate the situation, or 

 by hearing our comjilaint and recpiir- 

 ing (he presence of the Hoard of Re- 

 view at the hearing before they ad- 

 journ," said the message to the State 

 Tax Commission. 



•NEW DISTRICT ORGANIZATION LEADERS 1 



Left t > riRht: Harvey D. Fink, L. F. Brisscnden, R. J. Hamilton. Harry L. Hough. F. M. HiRgins 

 and A. H.Culp. These nun will be statio.icd in various districts around the state to aid in inaintaimm; 

 the Illinois AKrirultural Asso(iali<in as the strongest slate farm organisation in America. 



of the crop can be sold. If the price 

 is too high, consumers buy only a 

 limited (juantity or refuse to buy at 

 all. This causes an over-supply to ac- 

 cumulate and the producer has to sell 

 a large part of his crop at a low price 

 and often loses part of it entirely. This 

 condition is more often brought about 

 by the buyers themselves than by the 

 l)roducers. 



"For example, Illinois peaches started 

 at a high price this year. Buyers on 

 the ground were bidding against each 

 other for the first cars. They cre- 

 ated a temporarily inflated market 



which meant heavy 

 loss to themselves, 

 and later resulted 

 in a weak market 

 for the larger per- 

 centage of the 

 crop. 



''This condition 

 occurs in the mar- 

 keting of .some 

 commodity every 

 season. However, 

 l)roducers and buy- 

 ers are beginning 

 to understand each 

 other better. 

 Each group is be- 

 ginning to realize 

 that it has a com- 

 mon problem and 

 that the ultimate 

 consumer must al- 

 so be considered in 

 any successful sys- 

 tem of marketing." 



m^ 



