Full text of Agricultural News Letter : Vol. 11, No. 11

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AGRICULTURAL
NEWS LETTER
F E D E R A L
Vol. 11, No. 11

R E S E R V E

B A NK

OF

DALLAS, TEXAS

D A L L A S
November 15, 1956

TEXAS FARM AND RANCH CREDIT SCHOOL
F OR COMMERCIAL B A N K E R S
Texas A. & M. College
November 25-27, 1956
FUTURE OF AMERICAN AGRICUL­
TURE— The Undersecretary of Agriculture
will present his views on the agricultural
outlook.
SOIL BANK— The
1957 program will be
discussed by an Agri­
cultural Stabilization
and Conservation of­
ficial. A Texas A. &
M. econom ist w ill
demonstrate methods of estimating whether
it will be to a Texas farmer’s advantage to
participate.

BANKERS AND COMMUNITY IM ­
PROVEMENT—A rural sociologist will
outline the benefits of an improvement pro­
gram for Texas rural areas and show how
local bankers can help. Current programs in
Texas communities will be used to illustrate
remarks.
TEXAS PRODUCE
LA W S— Cash receipts
from fruits and vegeta­
bles in Texas d u rin g
1955 totaled over $100,0 0 0 ,0 0 0 . T h e S ta te
Commissioner of Agri­
culture will discuss inspection laws for these
crops.

FARM AND RANCH FINANCING—
A panel of Texas bankers and representa­
BEEF CATTLE OUTLOOK— Prospects
tives of state and Federal supervisory agen­
cies are to outline the latest developments in for beef cattle will be discussed by wellfinancing agriculture and the techniques known leaders in the industry. The mod­
erator is one of the Nation’s outstanding
used by banks serving farm customers.
bankers in livestock finance. Production and
IR R IG A T IO N —Irri­
marketing problems from producer to con­
gated acreag e in Texas
sumer will be highlighted.
in c re ase d 257 percent
y jo . e
W H A T ’S N E W ?— Top
during the past decade.
llffi
research personnel of Texas
An economist and a law­
yer will point out problems, costs, and legal
la
n A. & M. College will report
I I 11 O H the latest research findings of
aspects of farm irrigation development in
II y
interest to southwestern agri­
the State.
culture. A ttention will be
FUTURE OF COTTON—More than a focused on technological developments in
third of Texas cash farm income last year poultry, animal, and crop sciences.
came from cotton lint and seed. A cotton
Bankers should send room reservations as
marketing specialist will discuss the compet­
soon
as possible to Dr. R. L. Hunt, Texas
itive position of American cotton and cotton
A.
&
M. College, College Station, Texas.
merchandising problems.

AGRICULTURAL NEWS LETTER

2

PROGRAM
Memorial Student Center
Sunday Evening, November 25
7:00 p.m.

10:55 a.m.

H. H . M arshall, Program Specialist,
State A gricultural Stabilization and
C onservation Office, College Station,
Texas

Smorgasbord

Toastm aster — Tyrus R. Timm, H ead, D epartm ent
of A gricultural Economics and Sociology, A. &
M. College of Texas
11:10 a.m.
W elcome:

Response — Roy Selby, President, Citizens State
Bank, G anado, Texas, and Vice President, Texas
Bankers Association

Profit and Loss Budgets for Soil Bank
Decisions
R obert G. Cherry, Extension E cono­
mist, A gricultural Extension Service,
A. & M. College o f Texas

D avid H. M organ, President, A. & M. College
of Texas
D. W. Williams, Vice Chancellor for A gricul­
ture, Texas A. & M. College System

The 1957 Acreage Allotments

11:25 a.m.

Discussion

11:45 a.m.

A djourn

Monday Afternoon, November 26
Monday Morning, November 26
C hairm an — P. B. (Jack) G arrett, President,
Texas Bank and T rust Company, Dallas, Texas,
and Im m ediate Past President,
Texas Bankers Association

C hairm an — H . T. Swanner, Vice President,
Citizens State Bank, Slaton, Texas, and
C hairm an, A gricultural Comm ittee,
Texas Bankers Association

1:30 p.m.
9:00 a.m.

John C. W hite, Comm issioner of A gri­
culture, Austin, Texas

T rue D. Morse, U ndersecretary o f Agri­
culture, W ashington, D. C.
9:40 a.m.

Discussion

9:55 a.m.

Recess

10:10 a.m.

Discussion

2:15 p.m.

The Future of United States Cotton
M arion Rhodes, D irector, C otton D ivi­
sion, Comm odity C redit C orporation,
W ashington, D. C.

2:45 p.m.

Discussion

2:55 p.m.

Recess

3:10 p.m.

Beef Cattle Production and Industry
Outlook (Panel Discussion)

The Soil Bank
I. H. Lloyd, Program Specialist, State
A gricultural Stabilization and C onser­
vation Office, College Station, Texas

10:40 a.m.

2 :00 p.m.

Production and Price Programs in 1957
G rover C. Carothers, Administrative
Officer, State A gricultural Stabilization
and Conservation Office, College Sta­
tion, Texas

10:20 a.m.

Produce Inspection Laws of Texas

The Future of American Agriculture

The 1957 Commodity Loans and Price
Supports
Jack Bradshaw, Program Specialist,
State A gricultural Stabilization and
C onservation Office, College Station,
Texas

M oderator — W illiam E. D renner, Vice
President, The F irst N ational Bank o f
Memphis, Tennessee
Discussants:
William Bonner, R anchm an, G aines­
ville, Texas

AGRICULTURAL NEWS LETTER

Joe Finley, Sr., R anchm an and Feeder,
Encinal, Texas

8:30 a.m.

8:50 a.m.

Legal Aspects of Irrigation
Burnell W aldrep, A ttorney, The U ni­
versity of Texas, Austin, Texas

3:50 p.m.

Discussion

4:15 p.m.

Trends in Farm and Ranch Financing
(Panel Discussion)

9:10 a.m.

Discussion

9:25 a.m.

What’s New in Agriculture? (Symposium)

M oderator — George A. Logan, As­
sistant Vice President, The F irst N a­
tional Bank of Waco, Texas

J. C. Miller, Dean, School o f A gricul­
ture, A. & M. College of Texas

Discussants:

John H . Quisenberry, H ead, D epart­
m ent of Poultry Science, A. & M. Col­
lege o f Texas

Chas. N. Shepardson, M em ber, Board
of Governors, Federal Reserve System,
W ashington, D. C.
J. M. Falkner, State Banking Com m is­
sioner, Austin, Texas
Reed D olan, Chief N ational Bank
Exam iner, Eleventh Federal Reserve
D istrict, Dallas, Texas

John S. Rogers, H ead, D epartm ent
o f A gronomy, A. & M. College of Texas
10:05 a.m.

Discussion

10:15 a.m.

Recess

10:30 a.m.

Programs in Action of Farmers Home
Administration

M onroe H annes, President, T he F irst
N ational Bank, Giddings, Texas

W alter T. McKay, State D irector,
F arm ers H ome A dm inistration, Dallas,
Texas

A rt Bralley, Vice President, The A m er­
ican N ational Bank of A m arillo, Texas
4:45 p.m.

Irrigation — Outlook and Costs
F ran k W. Hughes, Economist, Agricul­
tural Research Service, U nited States
D epartm ent o f A griculture, College
Station, Texas

Claude Keeton, K eeton Livestock C om ­
mission Co., Lubbock, Texas
John G. M cNeely, Professor of Agri­
cultural Economics, A. & M. College
o f Texas

3

A djourn

10:50 a.m.

Discussion

11:00 a.m.

The Banker’s Role in Community
Improvement

Monday Evening, November 26
7 :00 p.m.

Reagan Brown, R ural Sociologist, A gri­
cultural Extension Service, A. & M.
College of Texas

Banquet

Toastm aster — G. G. Gibson, D irector, Agricultural Extension Service, A. & M. College of
^ exas
M usic by Singing
Conductor

Cadets — W illiam

11:20 a.m.

R. J. H ildreth, Assistant Professor of
A gricultural Economics, A. & M. College of Texas

T urner,

Address — Chas. N . Shepardson, M em ber, Board
of G overnors, Federal Reserve System, W ash­
ington, D. C.

Tuesday Morning, November 27
C hairm an — O. “Dooley” Dawson, Vice President
and Manager, A gricultural D epartm ent, Bank
of the Southwest, H ouston, Texas

Making Fertilizer Pay

11:40 a.m.

Discussion

11:50 a.m.

A djourn

Tuesday Afternoon, November 27
1:00 p.m.

T our of college agricultural plant

3:00 p.m.

A djourn

4

AGRICULTURAL NEWS LETTER

EARLY

REGISTRANTS

A lbrecht, Em m et, First N ational, Goliad
A lbritton, C hester N ., First N ational, D allas
Austin, Jeff, F irst State, Frankston
Ball, Tom , First N ational, Huntsville
Ballinger, R. B., San Benito Bank & T rust Co.,
San Benito
Beeson, W. B., F irst N ational, Lamesa
Bego, W. L., First N ational, G oliad
Bell, A rkley L., First N ational, Chillicothe
Bennett, W. G., First N ational, Brownsville
Biry, Joe, First C apitol State, W est Colum bia
Black, C harles L., First N ational, M ount Pleasant
Black, W. D., Jr., First City N ational, H ouston
Boswell, Jim N., A ustin N ational, Austin
Boswell, M ilton, Texas Bankers Association, D allas
Boyd, A. H., American N ational, Terrell
Boyd, Ellis, Jr., F irst N ational, F o rt W orth
Branson, Charles D., First N ational, D ecatur
Brown, B. R., Citizens N ational, Greenville
Bundick, Glen T., H ouston N ational, H ouston
Burns, Sam E., F irst N ational, Temple
Campbell, John K., Republic N ational, D allas
Cargile, Joe E., W est Texas State, Snyder
C arpenter, C. T., Security State, Pecos
C arter, C. E., First N ational, Mexia
Caywood, W. H., H ouston N ational, H ouston
Cherry, H. D., F irst State, Caldwell
Collins, E arl B., A m erican State, Lubbock
Connelly, Jam es H., F irst N ational, M ount V ernon
Cowart, Tom W., San Benito Bank & T rust Co.,
San Benito
Crockett, Stanley B., F irst N ational, H arlingen
Curl, O. C., C ontinental N ational, F o rt W orth
D augherty, L. G., Seminole State, Seminole
Davis, Elgin, First N ational, Lamesa
Davis, W eldon, Colem an C ounty State, Colem an
D eaton, R obert E., Jr., Citizens State, Roby
Decker, S. J., F irst N ational, Richmond
D rinkard, B. C., Citizens State, Roby
D uran, Charles L., First N ational, Lockney
D uren, W. P., Mills County State, Goldthw aite
Eivens, Cecil, Levelland State, Levelland
Elliott, Arvle S., First N ational, Edna
Ellwood, Burke, Citizens N ational, Gonzales
English, H enry W., F o rt W orth N ational, F o rt W orth
E rhard, E arl C., F irst N ational, Bastrop
Field, H . D., Jr., F irst N ational, Saint Jo
Fortson, M. R., Texas Bank & T rust Co., Dallas
Gibbs, D onald,
Gibbs, W eldon,
Goldapp, B. R.,
G ordon, Clyde,

Security State, M abank
A m erican State, Lubbock
Alice Bank & T rust Co., Alice
Jr., Citizens N ational, Lubbock

H am pton, R. F., Interm ediate Credit Bank, H ouston
Hannes, Emm ett, F irst N ational, Giddings
H arrison, A. A., F irst State Bank & T rust Co., Lufkin
Havens, Charles M., State N ational, Big Spring
H errington, Jack, Royall N ational, Palestine
Hillegeist, Ray, G uaranty Bond State, Tom ball
H ofm ann, W. F., First N ational, La G range
H olland, H . F., F irst N ational, C arthage
H olm an, B. M., F irst N ational, Coolidge
Hooser, Charles, West Texas State, Snyder
H ooton, B. H., First N ational, Hughes Springs
Huddleston, James F., First N ational, Dallas
Hynds, R obert H ., First N ational, V an Alstyne

Jam es, H . E., First N ational, Temple
Kasper, W. E., Citizens State, Giddings
Kelley, O. W., City N ational, Bryan
Kingery, A rthur, F irst N ational, Saint Jo
Lawrence, John M., City N ational, Bryan
Lee, E. S., Spur Security, Spur
Lewis, H obert, Spur Security, Spur
Lilly, D ennis Q., F irst N ational, Brownfield
Lofland, H . B., F irst State, Rockwall
Love, C harles H., Citizens State Bank & T rust Co.,
Kilgore
Lowe, Odis A., F irst State, Rockwall
M arett, V. S., Citizens N ational, Gonzales
M artin, L. C., F irst State, Memphis
M cCain, Jack F., F irst N ational, N orm angee
McLeroy, Ed C., F irst State, D im m itt
M cM anus, W. C., San Angelo N ational, San Angelo
McSpadden, Clydell, F irst N ational, Teague
M cSpadden, James F., F irst State, P ort Lavaca
M ontague, F rank, F irst N ational, Bandera
Nance, J. O., San Benito Bank & T rust Co., San Benito
Newton, Pat, F irst State Bank & T rust Co., Bryan
Noble, Charles W., Jackson C ounty State, E dna
Noble, Ester, F irst State, D im m itt
Parker, Thom as G., First-Taylor N ational, Taylor
Payne, M ilton L., F irst State, C arthage
Peters, H erbert N., A lam o N ational, San A ntonio
Quillin, Tom , M ercantile N ational, D allas
Ragsdale, Lee, F irst N ational, Jacksonville
Reed, Leland, F irst N ational, A nna
Rider, W alter B., Ennis State, Ennis
Robison, B. D., F irst N ational, Pam pa
Rowe, Sam, Alvin State, Alvin
Ruckm an, J. D., K arnes County N ational, K arnes City
Sayers, Lew C., Texas Bank & T rust Co., D allas
Schmeer, W. C., Texas Bank & T rust Co., D allas
Schrader, E. W., First N ational, H arlingen
Scott, Archie B., Security State, Pecos
Sheffield, David E., V ictoria N ational, V ictoria
Smith, B. R., Bank of the Southwest, H ouston
Smith, Edwin, F irst State, Rogers
Steel, Robert L., M ercantile N ational, Corpus C hristi
Taylor, Jim, Texas N ational, H ouston
Thompson, H obby S., M ercantile N ational, Dallas
T hornton, J. R. (B o b ), State Bank & T rust Co.,
San M arcos
Thornton, R. L., Jr., M ercantile N ational, D allas
Tolleson, G. C., Citizens N ational, Ennis
Toole, A lbert J., Jr., F irst N ational, Dallas
Weinzapfel, J. M., M uenster State, M uenster
Williams, John, Royall N ational, Palestine
W ood, Gaston, Em pire State, Dallas
Young, W alter, F irst N ational, N orm angee

The A gricultu ral N e w s L etter is prepared in
the Research D epartm ent under the direction
o f J. Z. R owe, A gricultural Economist.