Who's To Blame?- 



(Continued from page 7) 



prices will decline more than marketing 

 charges and the farmer's share of the 

 food dollar will again go down. 



The weatherman was helpful in 1948 

 in producing the largest amount of 

 feed ever produced in this country. It 

 doesn't seem, however, that the lower 



E rices which have been brought about 

 y high production have as yet affected 

 the consumer's food price to any great 

 extent. Bread hasn't come down from 

 its last year's price although the price 

 of wheat has been reduced from $3 to 

 less than |2. Perhaps someone other 

 than the farmer is making money too. 



We'll grant that farmers' incomes 

 now are high. Net farm incomes are 

 several times what they were before the 

 war. Chances are good that these high 

 incomes will be cut sharply if, and 

 when, we have deflation or depression. 



A little financial planning for those 

 years ahead would seem to be good busi- 

 ness. Costs of farming will not be re- 

 duced as fast as the prices you get for 

 your farm products. Although you may 

 have your debts pretty well paid off, 

 the mortgage burned, and the buildings 

 painted, a little nest egg may come in 

 handy as a reminder of the days when 

 you sold corn for $2.65 or beef steers 

 for $40 and there was a lot of fuss 

 about farm income. 



Illinois Wins One— 



(Continued from page 11) 



Broadrick and Drecksler brought in the 

 winning run. This game was played on 

 the Luther College diamond. 



Sunday's double header was played on 

 the Winneshiek county fair grounds dia- 

 mond at Decorah. Paid attendance 503. 

 Will jumped off to a 4-0 lead in the 

 early stages of the first game on Sunday 

 afternoon but their defense fell apart in 

 one inning and four runs came in as a 

 result. Later in the game, two more un- 

 earned runs were made by Winneshiek 

 county. Honsbruch did a very , good 

 job of pitching in the second game. Iowa, 

 on the other hand, was still better in 

 this game and the Will county boys 

 were not able to deliver hits when 

 needed. 



Because of the time in getting the sec- 

 ond game started on Sunday afternoon, 

 it was agreed that the game would only 

 go seven innings. Although Will lost 

 five to three in this game, darkness was 

 fast approaching and the weather was 

 quite cold. Winneshiek scored two un- 

 earned runs in the final game in the 



three-game series. Will's team was only 

 able to make a total of two hits in the 

 last game. Lack of hits, together with 

 errors at inopportune moments cost Will 

 county the series. Pitching was good 

 on both sides. 



We certainly have no alibis for losing 

 to Iowa — they had a fine team. As far as 

 we were concerned, however, it was un- 

 fortunate that our good left handed 

 pitcher Smith who pitched against De- 

 Kalb in the finals in Urbana was unable 

 to get away from St. Bede to make the 

 trip. We certainly could have used him 

 in the third game of the series. 



Cow/es Retires— 



See You in Chicago— 



(Continued from page 4) 



Several speakers, well-known in Illi- 

 nois, will address the conference on 

 schools. They are: Luther Black, acting 

 secretary of the state advisory commission 

 and assistant to the state superintendent 

 of public instruction, and Ray Fetterston, 

 field secretary of the Illinois Association 

 of School Boards. 



A picture of this year's world produc- 

 tion of grain will be presented at the 

 annual meeting of the Illinois Grain Cor- 

 poration by Roy F. Hendrickson, Wash- 

 ington representative of the National 

 Federation of Grain Cooperatives. Sam 

 L. Hassell, recently employed as its new 

 manager, will talk at the annual session 

 of the Illinois Grain Terminals Company. 



The lAA also promises plenty of en- 

 tertainment during the four-day conven- 

 tion. Gene Fields will be master of cere- 

 monies. A quick-witted comedian, he 

 also does imitations of such celebrities as 

 The Ink Spots and Vaughn Monroe. The 

 Five Maschinos, four men and a girl, do 

 a sensational tumbling, balancing, and 

 acrobatic act. Also included in the gen- 

 eral entertainment are acrobatic and tra- 

 peze acts and singing and dancing num- 

 bers. 



NO-nCE OF ANNUAL MEETING 



COUNTRY MUTUAL CASUALTY 



COMPANY 



Notice is hereby given that the 

 annual meeting of the members of 

 Country Mutual Casualty Com- 

 pany will be held in the Sherman 

 Hotel, Chicago, Illinois, on Tuesday, 

 the 16th day of November, 1948, 

 at 1:00 P.M., to receive, consider and 

 if approved, confirm and ratify the 

 reports of the officers and of the 

 Board of Directors of the Company 

 for the year ending December 31, 

 1947; to elect directors for the com- 

 ing year and for the transaction of 

 such further and other business as 

 may properly come before the meet- 

 ing. 



Otto Steffey, Secretary 



(Continued from page 9) 



affiliated with the Association, many of 

 which elected Mr. Cowles to the office 

 of treasurer by virtue of his office with 

 the Association and under the central 

 treasurer's office set-up. 



Mr. Cowles, first with Mr. Smith as 

 lAA president, and later with A. R. 

 Wright of Varna, assistant treasurer, 

 and Mr. Smith, arranged and negotiated 

 the Association's several leases for office 

 space during the lAA's 24 years of 

 tenancy in the Transportation building 

 at 608 South Dearborn street. Mr. 

 Cowles handled the leases with the man- 

 agement of the building and recoveries 

 of rent to the Association from affili- 

 ated organizations. 



Within the period of Mr. Cowles 

 office the Association and its affiliated or- 

 ganizations passed through and weathered 

 the troublesome times and worries of 

 the "agricultural depression," the 

 "stock market collapse," with resulting 

 nation-wide failures and closed banks, 

 the "bank moratorium," and in later 

 years, encountering the many problems 

 presented through World War II. 



LocQte lAA Building 



With Mr. Wright, assistant treasurer, 

 Mr. Cowles located the building at 

 43 East Ohio street, now owned and 

 occupied by the Association. Together 

 they contacted the owner of the prop- 

 erty through a broker, not intending . 

 then to disclose the Association as a 

 possible purchaser. The broker suc- 

 ceeded in securing the listing of the 

 property with him for sale and im- 

 mediately secured for the Association 

 an option to purchase the building. The 

 Association exercised the option and 

 completed the purchase for a cash con- 

 sideration. Other buyers, then aware 

 of the option to purchase in the hands 

 of the' Association, stood ready, able 

 and anxious to buy the property on the 

 same terms made the Association. 



With other officers, board members 

 and downstate Farm Bureau leaders in 

 Illinois, Mr. Cowles throughout his 

 years with the Association, has con- 

 tributed his services and endeavors to 

 secure for the Association its financial 

 stability and well regarded character 

 and position among other organization 

 and business men. 



Arthur F. Schuck, who recently joined 

 the staff of the lAA, has been elected 

 treasurer by the lAA board of directors 

 to succeed Mr. Cowles. He took office 

 Oct. 1. Mr. Schuck will serve as general 

 treasurer and adviser to the affiliated 

 companies of the lAA on financial 

 matters. 



: . :;■ - I 



L A. A. RECORD 



\ ' 





any mo 

 chance/ 

 don. 



"Bu 

 going t< 

 iann bu 



Tha 

 reau m< 

 possible 

 security. 

 We knoT 

 rates art 



