Page Eighteen 



THE 1. A. A. RECORD 



November, 1932 



Farm Supply Meeting, 

 Bloomington 



(CJontinued from page 12) 



membership is free from default 

 on any day during the 60 days 

 next preceding the last day of 

 the calendar month prior to 

 such demand for service or 

 declaration of distribution of 

 savings or earnings. 

 Secretary George E. Metzger of the 

 I. A. A. congratulated the company 

 on its splendid showing and discussed 

 briefly the $20,000,000 bond issue 

 coming up for vote on November 8. 

 President Fred Herndon of the Illi- 

 nois Farm Supply Co. gave an inter- 

 esting address in which he recounted 

 some of the problems of the local 

 companies. He pleaded for uniform 

 merchandizing methods and trade 

 practices by the 52 companies over 

 the state. He said that competition 

 among the companies is unthinkable, 

 yet it does exist. 



Congratulating the managers and 

 truck salesmen for their excellent 

 work in supporting the Farm Bureau 

 membership drive preceding the 4th 

 of July celebration he said: "The 

 records show you secured 700 new 

 members. You hold an important 

 position in our Farm Bureau pro- 

 gram. Your truck salesmen contact 

 Farm Bureau members and non- 

 Farm Bureau members every day. It 

 is your duty to acquire and dissemi- 

 nate proper information concerning 

 the Farm Bureau and your local com- 

 pany." ■ ■;. ■ -,;, ; .--:'- ;-. >■■■■ 



; ,v Excellent Statement ,.' ; 



• The condensed financial statement 

 distributed to delegates shows that 

 total dividends to member companies 

 had increased from $1,372.08 in 1927 

 to $86,511.76 in 1932. Of this latter 

 amount patronage dividends to com- 

 mon stockholders amounted to $80,- 

 090.43. Assets of the company at the 

 close of the fiscal year were $248,- 

 690.30 and liabilities including the 

 $86,511.76 dividends payable were 

 only $92,412.78. 



Mr. Fred E. Ringham, manager of 

 the Illinois Agricultural Auditing As- 

 sociation read the financial report 

 and discussed briefly accounting 

 problems of the local companies. 



Only one change was made in the 

 board of directors. H. A. Keele of 

 Macoupin county replaced Sam Sor- 

 rells of Montgomery county. Other 

 directors are F. E. Herndon, Geo. F. 

 Tullock, E. E. Stevenson, Grant 

 Broster, J. M. Eyman, Frank J. Flynn, 

 H. R. Neal, T. J. Penman. 



The number of hogs in Germany, 

 Denmark, and Holland was 10 per 

 cent less for June this year than last 

 year. Reduced supplies resulted in 

 higher hog prices in July than in 

 June in both the United States and 

 Europe. .,■:.:-: ■^^..■■. 



Chairman Stone On 



Farming The Farmer 



In one of his numerous blasts 

 against the Farm Board and the U. S. 

 Department of Agriculture, Arthur 

 W. Cutten, Chicago grain speculator, 

 is reported to have called on voters 

 everywhere to defeat members of 

 Congress who supported the Agricul- 

 tural Marketing Act. In a recent pub- 

 lic address Chairman Stone of the 

 Federal Farm Board without men- 

 tioning any names referred to Cut- 

 ten's articles published in Chicago 

 newspapers, says the Farmers Na- 

 tional Grain Corp. 



"1 think one of the most enlighten- 

 ing newspaper articles I have seen in 

 many days appeared in Chicago sev- 

 eral weeks ago," said Chairman 

 Stone. "It was written by one of 

 your largest and most influential 

 grain traders in which he made the 

 statement that he had never seen a 

 better job of the farmer being farmed 

 than was done by the Farm Board. 



"Yet that man came here from 

 Canada some 20 odd years ago with 

 practically no money. I understand 

 he has given to his brothers and his 

 sisters an endowment fund of $1,000,- 

 000 each and God knows how much 

 he has left. I would like to have 

 him tell the people of this country 

 whether he made it growing or sell- 

 ing wheat. If there ever was a glar- 

 ing example of how the farmer was 

 farmed I think he gives a good dem- 

 onstration." 



Textile Trade Improves 



Rochester, N. H., Aug. 20: Five 

 hundred employees of the Gonic 

 Manufacturing Company here were 

 notified today of a 10 per cent in- 

 crease effective immediately. Im- 

 proved conditions in the textile trade 

 made this increase possible. 



A recent cartoon pictures an auto- 

 mobile wreck with the car and the 

 driver all scrambled together at the 

 side of the road. The engine reared 

 an angry head from the mass of 

 wreckage and said to what was left 

 of the driver: "Why blame me! 

 You're supposed to have brains." And 

 there's the rub. The driver has the 

 brains, but all too often he fails to 

 use them. 



Farmers National Seed 

 Market Service Explained 



Three sales plans for seed market- 

 ing are now available through 

 Farmers National Grain Corp. serv- 

 ice, according to P. V. Kelly, manager 

 of the Seed Division. 



"At the option of the producers, 

 seed may be offered to the Farmers 

 National for immediate cash sale. It 

 may be delivered for storage and 

 later sold upon order of the owner, 

 or it may be handled through pools 

 by the usual pooling methods. 



"Seed accepted for storage will be 

 graded, cleaned, and stored. Against 

 warehouse receipts for such stored 

 seed, the co-operatives or the re- 

 gional organizations may borrow for 

 the purpose of making advance pay- 

 ments to the grower. 



"Seed pooled by growers in accord- 

 ance with usual pooling practice will 

 be purchased by the corporation or 

 sold for the account of the pool 

 whenever the pool orders sale to be 

 made. The entire marketing opera- 

 tions will be in the hands of Farmers 

 National Grain Corporation, but sales 

 policies will be determined by the 

 separate pools." 



Any producer group may avail it- 

 self of the cleaning, grading, ware- 

 housing and marketing facilities of 

 the Farmers National if organized 

 as a co-operative under the Cappsr- 

 Volstead law and affiliated with the 

 regional such as Illinois Grain Corp. 



Extensive and permanent sales 

 outlets will be provided by the con- 

 tacts maintained with co-operative 

 sales agencies, the Farmers National 

 serving as a clearing house between 

 the associations of seed producers 

 and associations selling seed to other 

 farmers. All the facilities of the Cor- 

 poration will be available as seed dis- 

 tribution agencies. 



Regional a^icultural credit corpora- 

 tions with paid up capital stock of $3,- 

 000,000 set up and financed by the Re- 

 construction Finance Corporation are 

 authorized in the new relief bill re- 

 cently signed by President Hoover. 

 They may be set up in any Federal 

 Land Bank district where needed. Man- 

 agement would rest with the R. F. C. 

 and such credit corporations will be 

 able to make loans for agricultural pro- 

 duction, breeding stock, etc. to farmers. 



Illinois farmers plan to reduce the 

 fall sown wheat acreage about five 

 per cent from that of last year. The 

 marked slump in the Illinois wheat 

 acreage during the past two years is 

 chiefly due to the discouraging price 

 situation, with the menace of fly and 

 chinch bug damage a contributing 

 factor. 



*IS> 



v'» 



Alfalfa needs at least six inches of 

 growth before winter. Take the first 

 cutting next season earlier than usual, 

 then the last cutting wUI be early 

 enough for a good growth before winter. 



Proper care and feed prevents a well- 

 bred pullet from molting in the fall. 

 Plenty of feed will not make the^ pul- 

 lets too fat. 'V 



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