-turIl association record 



FRIDAY, OCT. 6, 1933 



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Said 



BE DONE 



TIONAL 



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 1 

 1 



THE ANSWER 



First McNary-Haugen bill is introduced in Congress to control farm surpluses. De- 

 feated. „...-, 



Second McNary-Haugen bill introduced. Secured strong support but was lost. 



McNary-Haugen bill passed by Congress. Vetoed by President. 



McNary-Haugen bill passed by Congress second time. Vetoed by President. Effective 

 farm relief legislation became prominent issue in presidential campaign. Farmers 

 V failed to gain adequate farm plank in platform of successful party largely through 



lack of powerful organization. Later Congress conceived and passed Agricultural 



-.■•:•' '.^''- Marketing Act. ""■:■ ••■••. — ' ^ ' ■■ '•»-' - ■./•■.■■.;-.-"• '■• •:•■-•■.■•••.■.• '■..■■■'■' ,, -'■■•':■; 



1 932 Farm surplus problem continues as prominent issue in presidential campaign. 



ed 



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1 933 '^^''*^"'*"'*' Adjustment Act passed by Congress authorizing; (1) parity prices for 

 farm products; (2) extension of credit machinery and $2,000,000,000 to refinance 



r: .;'■: farm mortgages on long-time basis at lower interest rates; (3) far-reaching mone- 



tary powers given President to inflate credit and currency and establish commodity 

 dollar. The program of organized agriculture all in one act. 



STATE 



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ive 

 of 



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 aid 



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J Q 2 3 ^^8f^"i2^d agriculture secured the passage of a state tuberculosis eradication act with appropria- 

 tions to carry it out. 



■i- y OO Approximately 85 counties are modified accredited areas with herds practically free of tuberculosis, 



1 923 Co-operative Act of Illinois enacted providing for organization of genuine co-operatives. 



1 Q O O I^ore than 200 successful co-operative institutions formed under this act through the efforts of the 

 •*■ *^*^^ I. A. A. and County Farm Bureaus. _ . 



] f 1923'^^'^ Commission cut valuations $220,256,863 from 1920 figures. Lowered farm taxes $2,163,733 



.^^_1j Q^ 1 Farm property paid a total of about $6,500,000 less in all taxes on 1931 valuations than it would 

 / =^=— -J-— 4-.^^iJ X have paid if 1920 assessments had remained. 



"1 Q ^ 'y Two-cent gas tax law enacted. Courts declared invalid. :• 



J Q 2 9^^^^^®"^^"^ ^^^ ^^^ ^^^ ^"^^^^* • 



Id O *5 State bond issue system nearing completion. A total of 7,078 miles of state aid roads improved—* 

 57 OO nearly 70,000 miles of secondary public i-oads still unimproved. 



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Stat^income tax passed senate. Defeated_in house by two votes. 



33, 



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 of 



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Legislature passed state income tax. Lat^rVdeclared unconstitutional by Supreme Court. 



1Q Q Q Illinois Agricultui-al Association asked to assume leadership in organized movement to secure ap- 

 *70^proval of bond issue in general election. Adopted by overwhelming vote thereby removing $5,- 

 000,000 in taxes from farm property in 1933. . , ... : . . 



10 Q Q ^i^^ ^o ^^'^ incomes from intangibles passed senate. Delay in Judiciary Committee in House re- 

 ^OO suited in its defeat. 



Lantz bills to place all counties and communities on same basis in providing for local poor relief 

 passed General Assembly with more than 90 per cent of members outside Cook county voting for it. 

 Assured necessity for all counties to make equal effort to care for own unemployed before requiring 

 state assistance. Vetoed by Govenior. ' .•: . .. . - 



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idn't Successfully Run a Business 



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1924^^^^"*^^^ Agricultural Auditing Association organized. 



1 933^^*^ ^^^ members receiving high grade regular and uniform audit i-eports AT COST. 



/ 



J 9 2 5 ^'"^**"^^^'^ Mutual Reinsui-ance Company organized. 



J 933 ''^'"^^ policies in force with $54,400,000 of fire, hail and windstonn insurance on a cost basis. 



J 924^^^^"®^^ Farm Bureau Serum Association organized. . « -- 



J 933^^°^"^® handled, 288,750,000 c. c. Average price to farmer now approximately 45 cents per 100 c. e. 



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 it 



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J927^''^"°^^ Agricultural Mutual Ins. Co. organized for Fm'm Bureau members only. 



>30,426 policies in force with liquid assets of $985,700. Premi 

 ^saving members several hundred thousand dollars annually. 



1 Q#> #^30,426 policies in force with liquid assets of $985,700. Premiums lowest of any state-wide company 



^ Q ^ p^ Organized Illinois Farm Supply Co. 



*-*^^ ' This company with its 53 affiliated county and district service companies has handled 151,453,000 

 "I QQQfrallons of high quality petroleum products having a value of $9,413,000. Savings to Farm Bureau 

 "■.^^*^*^ member patrons approximately $2,142,000. 



J^ 928^^""^^*y ^'^^ ^'^^^^^^"^^ ^^"^I'^^y ^^*^^"'^^^- ^ ' 



1 QO o50 months old with $51,500,000 of low cost legal reserve insurance in force held by 32,700 policyhold- 

 •'• *^*^*5ers. Dec. 31, 1932, published list of security holdings disclosed outstanding investment position. 



1930l^li"ols Grain Corporation organized. - ' . 



.| ^ooHas handled 35,000,000 bu. grain for 145 elevatop stockholder members. Largest regional grain 



1 y*^*Jcorporation in America. . . 



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JORN ST., CHICAGO, ILL. 



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