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Banker letter blasts Farm Bureau practices in 1923 Texas
A Dallas banker writes to Mr. Sloan Simpson of the Texas Farm Bureau Cotton Association, detailing a harsh critique of the Bureau. He claims borrowers shun direct payment, note the Bank’s compensation is tied to cotton shipping, and argues the Bureau harms local trade, farmers, and country bankers. He predicts few members renew after the five year contract and asserts the Bank will avoid further Bureau financing.
MENTIONED IN THIS ARTICLE
Sloan Simpson
Texas Farm Bureau Cotton Association
Dallas
Texas
Mr. Simpson
Farm Bureau
Bureau
Gereral
Salvation
Itven
Wercome
Busi
West Texas
Land of Plenty
Irney
Fiji Islands
Big City
Nath Adams