I. A. A. Had One Of " 



Best Years In 1934 



Secretary Geo. E. Metzger Points 



To Need For More Rural 



Electrification 



GEO. B. METZOER 



THE Association has enjoyed one of 

 the best years in its history, Secre- 

 tary Geo. E. Metzger, reported at 

 the opening session of the I. A. A. meet- 

 ing in the Quincy High School, Jan. 30. 

 The usual order of procedure was 

 changed when President Smith gave his 

 annual address following the reports of 

 the secretary and 

 treasurer. 



"In the mobiliza- 

 tion campaign which 

 ended Mar. 31," Mr 

 Metzger said, "13,- 

 360 new members 

 were signed." Since 

 then, he reported 90 

 counties have 

 adopted the county 

 organization director 

 plan which has been 

 especially effective 

 so far in improving collections of dues 

 throughoutJllHrois: The county director 

 is maintained co-operatively by the- state 

 and county organizations. Since the plan 

 was inaugurated, close to 5,000 members 

 have been signed. All County Farm Bu- 

 reau boards except one have signed the 

 Uniform Co-operative Agreement run- 

 ning between the I. A. A. and county or- 

 ganizations. This agreement provides for 

 maintenance of proper membership and 

 collection .records, co-operation on all 

 matters dl state and national interest, 

 uniform qualifications of membership, 

 matters of employment, and handling of 

 commercial services. 



Much Work Ahead 



After summarizing the activities of 

 the various departments as published in 

 the Annual Report, Mr. Metzger said: 



"We have closed a good year. We may 

 look forward into the year 1935 with a 

 considerable amount of optimism but 

 let's not forget that much of the agfricul- 

 tnral rehabilitation program and the 

 long-time problem is still before us. We 

 have faith to believe that these problems 

 can be solved but no farmer in his lone- 

 liness can do much of anything about it. 

 The indications are that when the in- 

 dividualistic type of farmer begins to 

 cooperate he will learn his lesson much 

 more rapidly when his efforts at coop- 

 eration will be more tangible and be se- 

 cured more quickly. 



"We believe better times are ahead for 

 the industry. With better prices, with 

 debts being paid, with money available to 

 the individual farmer the tendency will be 

 to purchase m^ore land. Many landowners 

 apparently have plenty of land already. 



NOTICE OF .*-\M.4L MEETING 



T<) Stockholders of 



SOYBEAN MARKETING ■ 



ASSOCIATION 



Notice Is hereby given that the 

 Annual Meettnir of the stockholders 

 of the SOYBEAN MARKETING AS- 

 SOCIATION win be held at the OR- 

 LANDO HOTEL, in the City of DE- 

 CATUR. Illinois, on Tuesday, the 

 5th day of March, 1935, at 10:30 

 o'clock, A. M. for the purpose of 

 election of Directors for the coming 

 year and for receiving, and If ap- 

 proved, confirming the reports of of- 

 ficers for the preceding year and 

 of considering, and if approved, 

 ratifying and confirming all the acts 

 and proceedings of the Board of Di- 

 rectors of the corporation done and 

 taken during the preceding year and 

 for the transaction of such other 

 business as may properly come be- 

 fore this meeting. 



AV. G, MeCormlrk. Srrretary. 



I. A. A. Finances Show 



Gain At Close of '34 



They would do well to improve what they 

 have rather than to purchase more. Many 

 of the Farm Bureau services will lend a 

 helping hand in this direction. 



"We have talked much of an adequate 

 standard of living. Certainly nothing 

 will contribute more to an adequate 

 standard of living on the American farm 

 than labor-saving devices operated by 

 electric power. Governmental experi- 

 ments are being conducted in the manu- 

 facture and distribution of electric power 

 which should be carefully watched by 

 this organization. Navigation, flood con- 

 trol projects and the creation of power 

 plants go hand in hand and are all ex- 

 ceedingly useful to agriculture. \ 



Need Cheaper Electricity 



"Under private ownership of power 

 transmission lines farmers are not being 

 generally served with electric power. In 

 many cases the cost is unbearable. There 

 appears to be an opportunity in the near 

 future for the cooperative construction 

 and ownership of power distribution 

 equipment at a price which a large num- 

 ber of our farmers can afford to pay. 

 Not only is the matter of cost essential 

 but it is of utmost importance that a 

 large number of our farmers be placed 

 in a position to avail themselves of rea- 

 sonably priced power and electric ap- 

 pliances. Unless something spurs power 

 companies to give this matter of rural 

 electrification more active consideration, 

 farmers will be forced to do what they 

 are doing in other lines; namely, do the 

 job themselves." 



Corn Higher In Midwest 



Than In Eastern States 



For the first time in the history of 

 the Nation, corn is higher in price in the 

 Corn Belt than in the Eastern States. 

 Plentiful rains throughout the East last 

 summer literally moved the Corn Bolt- 

 of the Nation to the Southeastern States 

 while hot winds and drought were ruin- 

 ing vegetation in the Central States.* 



Finances of the I. A. A. were cob-. 

 siderably improved at the close of 1934 

 as a result of substantial gains in col- , 

 lections and economy of operation. Treas- 

 urer Robert A. Cowles reported at the 

 opening Wednesday ^ 



morning session in 

 the High School at 

 Quincy, Jan. 30. 



The financial re- 

 port audited by 

 Swanson, Ogilvie, 

 and McKenzie, certi- 

 fied public account- 

 ants, showed mem- 

 bership income dur- 

 ing 1934 of 1255,- 

 613.11, income from 

 interest, dividends, 



and recoveries of $18,918.94, or a total of 

 1274,532.05. Total expenses were |188,- 

 784.92, leaving excess of income over ex- 

 pense of 190,747.13 which was added to 

 reserves. 



Total current assets were listed at 

 1273,648,82, and total assets including 

 stock investments, long term loans, fixed 

 assets, notes receivable, and deferred 

 charges, of $392,311.84. , 



K. A, cowxn 



George F. Tuilock Again 



Heads Reinsurance Co. 



With a gain of approximately 80 per 

 cent in insurance in force during the laat 

 year, Farmers Mutual Reinsurance Co. 

 held one of its most successful meetinire 

 on Tuesday, Jan. 29 in the Quincy Hi|^ ■ 

 School Auditorium. President Georg* 

 ^ ' F.' Tuilock was r»- 



elected president, 

 L. E. Lingenfelter, 

 first vice-president, 

 J. J. Hornung, sec- 

 ond vice-president, 

 Howard Jokisch, 

 secretary, J. H. Kel- 

 ker, Ass't secretary 

 and manager, aztd 

 Robt. A. Cowlea, 

 treasurer. 



The company 

 added substantially 

 to its surplus during the year and cloaed 

 its books Dec. 31 with assets of approxi- 

 mately 1225,000. George Lenhart of Ver- 

 milion county was re-elected director 

 along with Tuilock and Lingenfelter. 



Consistent advertising in the REGORI) 

 of the need for fire prevention was cred- 

 ited with doing much to hold down losaei 

 and insurance costs. Inspection 'of riaka 

 was also emphasized as a helpful inflo- 



SEO. r, TULLOCK 



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to 



by 

 F. 



28 



L A. A. RECORD 



-iln'iTf Vntmr 



