Thirty-Six Associations Return Last Dollar To Federal Government In 1949
Texas production credit associations completed repayment of roughly 8 million dollars of government capital stock by end of 1949, leading the nation in retiring government stock. Since 1934 about 15 million dollars in capital and surplus have funded loans, with members adding and stock surpluses to support operations. Each association operates as a farmer owned corporation focusing on loans to farmers and ranchers based on ability to repay from farm income.
MENTIONED IN THIS ARTICLE
United States Treasury
Ularly
Texas
Treasury
Production Credit Association
Farm credit associations form nation wide system for agriculture
The associations raise loan funds by selling notes to the Federal Intermediate Credit Bank of Houston which borrows from private investors. Texas production credit associations are part of a nationwide system with 503 associations. Congress provided about 80 million dollars in start up capital. around 55 million has been repaid as the program advances. The plan traces to 1912 and European study, leading to land banks and intermediate banks and finally the farmers owned associations.
MENTIONED IN THIS ARTICLE
Federal Intermediate Credit Bank of Houston
Texas
Congress
Europe
Federal Intermediate Credit Banks
Organization of
Production Credit Associations
Hadacol touted as miracle formula for child illness
Mrs. Joseph Prejean of Beaumont Texas reports her 4 year old boy Bobby Jean suffered repeated vomiting and fevers before using Hadacol. She claims the first dose stopped the vomiting and fever and the child quickly gained weight and energy, calling Hadacol a miracle.
Notice to Creditors in Estate of James Arnold Greer
Notice is given that original letters of administration for the estate of James Arnold Greer, deceased, were granted to the undersigned on September 26, 1949. The text references general loan operations and safety and profitability for lenders and borrowers.
MENTIONED IN THIS ARTICLE
James Arnold Greer
Andrews County
Texas
P. O
Andrews
S/ T. P. GREER
Andrews News
POW War Claims Guidance From Local Veterans Adviser
Local VA adviser Charlie Burkett clarifies War Claims Act procedures as a Texas committee led by Major General K L Berry studies needed application forms in five categories for Texas. The panel aims to report to Washington by January 1950, with no processing power, only counting intent to claim.
MENTIONED IN THIS ARTICLE
Charlie Burkett
K. L. Berry
Adjutant General of
Texas
Shivers
War Claims Commission
Washington
Burkett
Adjutant’s
Texas Committee
Also Mentioned on This Page
Joe Marsh
Buck Howell
Buck
United States Brewers Foundation
Nick Carter
Boise
Idaho
Bobby Jean
Joseph Prejean
Beaumont
Hadacol
Frost Baking Co
Singleton’s Funeral Home
Andrews, Texas
Texas Electric Service Company
Frigidaire
Duces
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