18 



I. A. A. RECORD— January, 1934 



OFFICERS AND DIRECTORS ILLINOIS FARM SUPPLY CO. 



First meetlns of new board followlnK annual meetlnir. The board re-elected 

 ItR oflleera. Left to riKht around table: Harry ESbbert, Bfflngrltani County t J> M. 

 Eyman, Macon Countyi H. A. Keele, Macoupin County} R. A. CoTvlea, treasurert 

 Geo. F. Tullock, Wlnnebaiso County, vlce-pre«ident: Fred Eli Herndon, McDonoush 

 County, president; E. E, SteveuNon, LaSalle County, acicretaryi L. R. Marchant, 

 mauagrer; Mr». Daniton, secretary to manaKer; Frank J. Flynn, Horsau Conntyi 

 ThoM. J. Penman, Kendall County: Grant Broster, White County. 



and purchasing and the sound co-ordi- 

 nation of the agricultural with the in- 

 dustrial, financial, and mercantile life 

 of the country. 



3. To encourage, aid or finance any 

 university, institution, corporation or 

 persons in the conduct of such re- 

 search or experimental work. 



4. To disseminate educational and 

 useful information developed as a re- 

 sult of any such study, in such a man- 

 ner as to be of practical value to the 

 farming population. 



5. To promote and enlarge the in- 

 tellectual and cultural interests and 

 opportunities of the rural population 

 through community action. 



The trust agreement provides that a 

 sum up to 10 per cent of the total 

 endowment may be used to set up 

 buildings and laboratories for farm 

 experimental work. The trust agree- 

 ment was drawn last Feb. 10 and pro- 

 vides limited terms of office for the 

 respective trustees, running from one 

 to five years. 



Heart Attack Fatal 



Mr. Legge passed away very sud- 

 denly on Sunday, December 3, from a 

 heart attack. He was 68 years old. He 

 had been out on his farm south of 

 Hinsdale planting shrubbery. Over- 

 exertion is thought to have caused his 

 sudden death. 



Mr. Leggre became widely known to 

 farmers as chairman of the Federal 

 Farm Board. He spoke at the annual 

 meeting of the Illinois Agricultural As- 

 sociation in Springfield, January, 1931. 



Mr. Legge was a close friend of 

 President Earl C. Smith and visited 

 the I. A. A. offices on many occasions 

 during recent years. He was generally 

 regarded as a sincere friend of agri- 

 culture. His strenuous work as chair- 

 man of the Farm Board undoubtedly 

 shortened his life. 



$9,000,000 In Loans 



■ To Illinois Farmers 



During November Illinois farmers 

 received 1,030 loans amounting to |4,- 

 306,900 from the Federal Land Bank 

 of St. Louis. Since May 1 the St. 

 Louis Land Bank has made 2,227 loans 

 for nearly $9,000,000 to Illinois farm- 

 ers chiefly for refinancing farm mort- 

 gages and notes. ■ > ^ 



During November, 1,933 new appli- 

 cations for nearly $14,000,000 in loans 

 were received from Illinois. October 

 applications totaled more than $12,- 

 000,000. Loans are of two types: The 

 regular land bank loans and the com- 

 missioner's loans. The regular land 

 bank loans may be used for buying 

 or improving a farm, for purchasing 

 livestock, equipment, or fertilizer, for 

 refinancing farm mortgages, bank 

 notes, and for paying other old debts. 

 The commissioner's loans can be used 

 only for refinancing or paying old 

 debts and for redeeming or repurchas- 

 ing farms lost through tax sales or 

 foreclosure. Most of the loans made 

 by the Land Bank at the present time 

 are for refinancing farm mortgages 

 and notes. 



NOTICE OF ANNUAL. MEETING 



OF ILLINOIS PKOnUCERS 



CREAMERIES 



NOTIPR l8 hereby given tliat the annual 

 meeting of the BtockhoWoi-g of IlllnoU 

 I'roduoei-B Creameries will he held on Wed- 

 iicwliiy, the 24th day of January, 1934. at 

 the hour of 1:30 oVlook p. m. at the New 

 Hotel Wolford, Danville. Illinois, to elect 

 directors, receive, and, if api>roved, confirm 

 I hi- re|>ort of the board of directors of the 

 t'omiiany for the fiscal year ending Decem- 

 ber 81. 1H33, and to consld'^r and. If ap- 

 proved, ratify and confirm all the acts and 

 |ii'o< eedtngs of the t>oa<'d of directors done 

 and taki-n Mince the last annual meeting of 

 tire m mberg nf the company and to amend 

 the By-lJitvs with reference to notice of 

 Dieetlngs: and for the transact'on of snob 

 further and other hiiRnexfi as may properly 

 ceuic before the meeting. 



Dated at Chlcaco, Illinois, December IS, 

 1JKJ3. 



RLERT A. LBFFBRS. Secretary 



o Achieving Equality 



(Continued from page 16) 

 their methods, because I think they 

 are futile. And I protest against a 

 strike aimed at the President of the 

 United States and his Administration 

 — an Administration which honestly 

 is endeavoring to do all that agricul- ; 

 ture has asked of previous Adminis- 

 trations : that is to say, restore equal- 

 ity to agriculture. ': / :c/,-:;;;^!-<;- ^ , /. 



The farmer is naturally capitalistic. 

 But he can be driven so far that in 

 desperation he will turn to radicalism, 

 and fight vdth any weapons he can 

 lay hands on to save his home. Farm- 

 ers have been close to that point, not 

 the hotheads only, but the great con- 

 servative, thoughtful mass of them, 

 these past few years. So close to it 

 that now things have eased a little, 

 and look better, it would be stupid in- 

 deed to overlook the lesson that is to 

 be learned from it all. 



It is this: You can't build a profit 

 system and leave the foundation out. 

 We tried it and it just about wrecked 

 us all. The masses of the people must 

 be benefited. They must not be made 

 servile to a few overlords. I certainly 

 don't want to be an alarmist; but I 

 do want, with all possible emphasis, 

 in concluding, to say this: 



The only possibility of security for 

 the property owners of this country is 

 to have a large majority of our people 

 as property owners, large or small, 

 and to see that they are secure in the 

 ownership of their property. They 

 should not be permitted to lose it 

 through no fault of their own. Upon 

 this promise rests the only security 

 for the Nation. When this condition 

 prevails and not until then will farm- 

 ers realize in full their part in the 

 New Deal. 



I am not committed to any one 

 method of farm adjustment. I have 

 not yet seen the perfect system either 

 for the farmer, for the laborer, or for 

 industry. I feel that fundamental 

 plans should be discussed and under- 

 stood before adoption; that new meth- 

 ods of social control should be clearly 

 outlined, and that the people as a 

 whole should have the right and duty 

 to make the ultimate decision. For 

 (to quote Mr. Justice Holmes) — 



"When men have realized that time 

 has upset many fighting faiths, they 

 may come to believe ♦ * ♦ that the 

 ultimate good desired is better 

 reached by free trade in ideas — that 

 the best test of truth is the power of 

 the thought to get itself accepted in 

 the competition of the market, and 

 that truth is the only ground upon 

 which their wishes safely can be car- 

 ried out. That, at any rate, is the 

 theory of our Constitution." 



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