DEFICIENCIES IN FARM FINANCE 65 



thousands of country banks and producers 

 from bankruptcy. It has provided the means 

 whereby many could continue production this 

 year who would otherwise have been forced to 

 suspend operations, move to less favorable 

 farms and begin all over again. 



The War Finance Corporation has been a 

 most beneficial organization in many ways be- 

 cause of the fact that its Managing Director, 

 Mr. Eugene Meyer, has from the outset given 

 his time and ceaseless energy constantly to the 

 problem of discovering ways by which the cor- 

 poration could be of value to agriculture. 



When the work of the corporation was sus- 

 pended, following the close of the war, Mr. 

 Meyer felt that the time was just coming when 

 the corporation could be of real service to 

 farmers. There were many who were interested 

 in farm finance who had not thought of the cor- 

 poration as the means through which the situa- 

 tion might be improved. Mr. Meyer came to 

 Washington and held several conferences with 

 the farm leaders. He also attended farmers* 

 meetings elsewhere explaining how the corpora- 

 tion, if revived, might function. It is due to 

 quite an extent to his convincing arguments that 

 the corporation was given the opportunity to 



