March, 19} 1 



of Chicago and Joseph Dickson of St. 



Louis. 



Directors elected for 1931 are as 

 follows: ■■:■'■■' ■/^■^■' ■■■'■■■^'■■^"■'■■■'.'^ 



Name County 



""G. C. Johnstone (president) McLean 

 "J. C. Sailor (vice-president) Iroquois 



*E. E. Stevenson LaSalle 



* J. P. Stout Sangamon 



•^A. R. Wright. . . fvo.', ... Marshall 

 O. G. Anderson. . . ! Ford 



B. L. Baird Knox 



Oscar Combrink v,--*^ . • Greene 



C. P. Griffiths . :v.,C^., . Hancock 

 Byron Miller . ., •■nv)vi. DeWitt 

 Ralph P. Mills . .;v,>:w:,. .Vermilion 

 J. Fred Romine ;>ii^;;.;. Douglas 

 Charles Schmitt ;v,i. .;.... Logan 

 E. H. Williams . . .. Whiteside 

 Albert C. Kolmer . . . .Monroe 



^■"Member of Executive Committee. 



THE I. A. A. RECORD 



Page Eleven 



Senate Committee 



Airs Milk Prices 



At a recent hearing held by a special 

 I- -committee of the United States Senate 

 charged with investigation of food costs, 

 news dispatches state that Chairman 

 1^^' Arthur Capper of Kansas introduced 

 statistics to show that the Borden Milk 

 Company, which distributes approxi- 

 \ mately 40 per cent of the retail milk 

 and cream in Chicago, averaged profits 

 of about 20 per cent on its common 

 stock during the last five years. 



"So certainly the Borden Company 

 has been doing very well," said Senator 

 Capper. 



"That is a larger profit than the 

 farmers who produce the milk get," 

 commented Senator Frazier of North 

 Dakota. 



"It's about 10 times the profit the 

 farmers in Kansas get," Capper re- 

 plied. 



The committee learned from the Bu-.: 

 reau of Labor Statistics that the average 

 ' price for milk of 5 1 cities is 13,3 cents 

 a quart and the farmer is receiving an 

 average price of a little less than 4.5 

 cents. 



Dr. F. B. Walmsley, president of the 

 Borden Farm Products Company, pro- 

 duced figures which he said showed the 

 consumer had receivled the full benefit 

 of reduced prices to the farmer. His 

 company, he testified, reduced its price 

 at Chicago from 14 to 13 cents a quart 

 at the beginning of the year, and the 

 farmer's price was cut .8 of a cent per 

 quart. 



A temporary embargo of not more 

 than one year's duration on wheat and 

 other farm products from foreign 

 countries was recently urged before the 

 House Ways and Means Committee by 

 Chairman Alexander Leggc. 



A POLICY 



1I7E must sow in order to reap. 

 ^^ We must surround ourselves 

 with good inen...aiid guide them 

 wisely — letting theih. bear re- 

 sponsibility for detail, md giving 

 them credit for results. ^-~^^ 



Confidence in ourselves Mid 

 our policies is imperative. We 

 must not merely have a stiff vjp- 

 per lip, but also a stiff backbohe. 

 We must believe in our plan and 

 have the courage to stick to it, 

 even w^hen discouraged by tem- 

 porary set-backs. 



—William Feather. 



Investments for Farmers 



Farmers should never buy securities 

 with high yields because such yields are 

 a danger sign that something is wrong 

 with the stock. Prof. F. A. Pearson of 

 Cornell University recently told New 

 York farmers in a talk on investments. 



"Always investigate the company 

 thoroughly before investing in its com- 

 mon stock," he said. "Generally, the 

 farmer who has been sufficiently suc- 

 cessful to save money for investment 

 has been too busy to study the business 

 conditions and the affairs of the com- 

 pany; therefore he should not invest in 

 this type of security. 



"Mortgages on farms, investments in 

 local enterprises with which they are 

 acquainted in their community should 

 be bought in preference to investments 

 in other communities," he continued. 



"In general, the risk which goes with 

 securities bearing a high yield should be 

 carried by the man of much greater 

 means than the farmer." 



Ceo. Metzgrer 



236 Attend Bureau 



- V. ' President's Banquet 



Two hundred and thirty-six County 

 Farm Bureau presidents, county ad- 

 visers, I. A. A. officers, directors and 

 staff members attended the annual 

 Farm Bureau presidents and farm ad- 

 visers banquet the night of Wednesday, 

 Jan. 28, Springfield. ; -'-• 



The banquet, which as in past years 

 was a closed session, brought out the 

 largest representation of any held in 

 recent years. ;'> ;\,^ ::;>". /^ : .. .v. 



The dinner and entertainment held 

 in the St. Nicholas Hotel was donated 

 by the Springfield Chamber of Com- 

 merce. C. G. Kohler, chairman of the 

 Convention Bureau, deserves much 

 credit for its success. 



The fellow w^ho waits until con- 

 ditions are just right before he 

 starts, never starts. 



50 Illinois Counties 



To Organize This Year 



COUNTY Farm Bureaus in 50 Illi- ^ 

 nois counties will re-sign their 

 members during 1931, states George E. 

 Metzger, secretary and director of or- 

 ganization. Organization work is well 

 in hand and adequate preparations have 

 been made in the majority of counties 

 for the coming membership drives. 



Commenting on the volunteer solici- 

 tor plan followed in Illinois, Metzger 



said, "The Illinois 

 Farm Bureau mem- 

 ber is maintaining 

 his organization 

 largely through his 

 own efforts. The 

 reason Illinois 

 farmers have the , 

 greatest state farm • 

 organization in 

 America is that . 

 they put more ef- ,; 

 fort into its main- : 

 tenance and its 

 many activities and enterprises. They 

 have great pride in the accomplish- 

 ments of their organization which re- : 

 fleet the work they, have done in years - 

 past through co-operative action." 



Membership in the I. A. A. passed 

 the 60,000 mark the first of the year 

 when 60,076 members were on the roll. . 

 By. Feb. 1 this number had crept up to -\ 

 60,500. Membership in the state or- 

 ganization has been on the upgrade _ 

 ever since 1926. ;'.'■.. : • "^ 



The annual meetings of County Farm 

 Bureaus and various companies and or- 

 ganizations affiliated with the I. A. A. 

 have had greater attendance during the 

 past winter than any time in history. 

 Illinois farmers appreciate the fact that 

 during business depression they need 

 their organization more than ever be- 

 fore. As a result the morale of the 

 membership was never better than it 

 is today. A substantial increase in 

 membership is confidently expected. 



Four new district organization mana- 

 gers will be employed by the I. A. A. 

 within the next few weeks; one in 

 southeastern Illinois, one in southwest- 

 ern Illinois, and two in the northern 

 part of the state. 



At a recent meeting directors of the 

 McLean County Farm Bureau passed a 

 resolution urging that volunteer organi- 

 sation forces make every effort to break 

 the state record for the most Farm Bu- 

 reau members signed in a single day. 

 Their drive will be held in May. They 

 hope to sign 2,000 Farm Bureau mem- 

 bers within a 24-hour period. Tazewell 

 county now holds the record with 1,288 

 'Farm Bureau members signed in a sin-" 

 gle day. LaSalle county is second with 

 973..;. :■ ...v = v..,/.. V.;: .^.-v..-,::-.->.v;-.^- 



