Newspaper Archive of
The Palouse Republic
Palouse, Washington
Lyft
September 2, 1921     The Palouse Republic
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September 2, 1921
 

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WHEAT 6ROWERS SECURE MONEY TO MOVE CROP Eastern Financiers Come Forth With Aid--War Finance Corporation Approves Plan. In an article appearing in the[ I Spokesman Review last week George C Jewett reports that the North- west %Vh6at Growers Association has secured loans of huge sums of money with which to move the 1921 crop. Following are extracts from the arti" cle: The Northwest Wheat Growers, sociated, selling agents for the Washington, Oregon. Idaho and Mon- tana wheat growers" cooperative as- sociation received word this ~eek from Virashington that the war fimince corporation had approved a loan of $10,000.000 for the organization, subject to the completion of a few technical details. The funds are to be used in export transactions and for advances to wheat producers who are members of the associations. "The $10,000.000 loan from the war finance corporation comes after a complete investigation of the co- operative marketing associations of the northwest by the federal board." said George C. Jewett. general man- ager of the Northwest Wheat Grow- ors, associated, In making public the news of the loan. The procedure for advancing mon- ey to members, according to Mr. Jewett, necessitates the use by the Northwest Wheat Growers, associat- ed, of the farmer*s warehouse re- ceipts, together with his personal note. This note and the receipt are placed as collateral against the re- ceipts of the cooperative associations. They go to the local branch of the Federal Reserve bank which will act as the local trustee of the war finance corporation. "The personal note now being re- quired from the grower does not add to his liability," said Mr. Jewett. "'Each member is liable to the asso- ciation for the amount of the ad- vance he receives, providing it is more than that due him on final ac- counting after all the wheat has been sold. Tills liability is not increased in the least by virtue of the fact- that the grovcers note is given at the time the warehouse receipts are turned in and the advance secured. The news of this $10,000,000 loan comes on the heels of another success for the cooperative movement. We have just received word from Bern and Baruch, New York bankers and financiers, that $500,000 from New York banks has been made available for our use. This money was provi- ded through the personal interest in the cooperatives of Mr. Baruch. "These funds from the war finance corporation, together with the money from the New York banks and that which Is available for our use from northwest banks, will amply cover our needs for the coming year." L__---= SNAKE OFFSPRING OF-LIZARD Ik~ientists Go Back Thousands of Years to Find "Out This In- teresting Information. The snake as we know It today is said to be merely the offspring of the llgard. The family is traced back by a certain class of scientists, hundreds of fltousands of years to a time when one of the semi-sea monsters crawled out on the land and elected to stay there. Among tim speoles was ~me with very short legs. As im ]utabere0 along over the ground he dls(.overed that by flattening his belly to the ground and working his ribs that the leverage thus gained helped him along faster. He came to depend more and more upon this method of movement and nature took its usual course in eliminating organs or limbs not ia use. The low lizard lost its legs and became a crawler. As the centuries pa~ed natural selection left these with long bodies, as they conld move taster than the ones with the short bodies and therefore the breeding soon became a matter of length, until the snake as we know it today result- ed, Which contention may or may not be well founded. Colors ~ffect Moods. People who are plannlng to redec- orate their houses may fin(i interest- lag suggestions in these hints from a dissertation on color : Green. the color of all foliage and herbage, is naturally the most restful of all. Blue, the color of the sky and of the sea, Is conducive to serious mood, and often gives the impression of coldness. Yel- low is the color of sunlight and of al- most all fires. From these associa- cJons it takes on a cheerful aspect. It gives the Impression of warmth. Red. the color of blood, is exciting and stimulating. To be surrounded by it tends to make one lmsty and excitable. Black is the color of night and mourn- hag. It is always a depressing co;or. It makes us feel gloomy. Purple gives a~laetbing of the impre~lon of black. but at times conveys the idea of ete- glmce. This is probably due to its aam~ciatlon with royalty. SAW BIG PLOT IN FOOTBALl(; Hs,d to Convmce Turkish AuthoriU~s That the Game Was Not Revolu- tionary CamouTlage. It has ahvays horn s difficult Instter~ to be u sporlsnntn In "lNlrkoy. t.~n,~ Turk. Itechad Boy, tried it with a re- sult weh'd enough to serve as a basi.~ for s detective story. It appears that the young Tnrk had organized a football team among hi.q friends together with some Greeks and Armenians. and began practicing. Shortly ~hereafter. "In the mhldle of the night, pohce ,-ame to iris house and earr:ed hii~ off to Seutari. There he wa~ ~ubmltled [o ~ },,ng exsmlna- tlon as to the eluh and Ille gfllue Of [ o()I t,'t I I. Tim alllh(~l'ilies wore convinced ll);ll they had fo|n|d a great Idol. and th;t~ lhe t'lllb mtlSt be a .,~Cl'ol society. A ~pecia[ I]|t~SS(~I|gOI" Wfl,< .";O n I |'ou lit' ball. ahd ~Imt was duly exumlno,I and found to he an infernal mnchine. The rules of the-ga~ile were (.(~lastdel'ed to he fla,,thor 1~ ~'~ '] '11"= ittlnlllil)g or|dot/to. ;tlHI