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Bank Organized to Provide Cash for Farmer Use in North Carolina
North Carolina Agricultural Credit Corporation formed with $2,000,000 capital to finance crop production. A. J. Bing and John H. Boushall led efforts, linking Intermediate Credit Bank for cash loans to farmers via local banks. Board includes G. A. Norwood, W. M. Sanders, M. G. Mann, J. R. McQueen. initial capital startup $100,000 aiming to unlock $21,000,000 for cotton and tobacco farmers.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
North Carolina’ Agricultural Credit Corporation
A. J. Bing
North Carolina Cotton Growers’ Cooperative Association
John H. Boushail
Raleigh Savings Bank, and Trust Company
Messrs
Bing and
Boushalt
Bing and Baushall
North Carolina Agricultural
Credit Corporation
Lan
Business Ag
Columbia
J. D. Bell
Intermediate Credit Bank of Columbia
Intermediate Credit Bank
North Carolina Cotton Cooperative Association
The
Tobacco Association
Goldsboro
John H. Boushall
W. M. Sanders
Smithfield
M. G
Mann
Tarboro
J. R. McQueen
Lake
View
A.’ E. Ding