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Moody seeks federal loan to aid Texas farmers
Governor Moody awaiting a telegram reply from Washington on a promised federal loan to lend 3 pounds of cotton at 23.16.35 cents per bale to Sir Galveston. Texas farmers, facing falling cotton prices from 6 to 7.50 per bale, rushed to apply as machinery for the loan awaited approval. Moody warned that if confidence in the program faltered, loans would not be made or honored.
MENTIONED IN THIS ARTICLE
Austin
Londy
Federal Farm
Washington
Galveston
Texas
Colton
Kata Ernor Moody
Irde
Farm Bureau
Hee