17, 1931 -T HE MI CHIGAN A ILY _ i i 4 FAR M CH[fIT PLAN lAY B _AID H Afl Agricultural Meeting at Prague to Give American Delegate Study of Subject. PLAN TO CUT EXPENSES Investigation of Means to Limit Costs of Production Through Organization Scheduled. WASHINGTON. May 16. - (P) - Possible application of European farm credit principles -to the Amer~ ican rural credit structure may be- come an important part of studies to be made at the fifteenth inter- national congress of agriculture by Asher Hobson, United States dele- gate. The congress will be held at Prague, Czechoslovakia, June 5 to 8, to discuss agrarian policies, rural economy, agricultural education and related subjects. Rural economy will entail inves- tigation of means for reducing the costs of farm production. Credit Is Limited. At present production and mar- keting finance figure prominently in American farm expenses. Credit is limited and expensive chiefly be- cause it is secured by land mort- gage and crop lien, and obtained from centralized credit institutions. in Europe, farmers finance them-' selves largely through credit organ- izations which they own and oper- ate. The borrower's security is his entire assets rather than his land or his crops alone, and this makes for an extremely low interest rate. Losses are infrequent, since the borrower's credit usually is limited to what the organization's members, his immediate neighbors, know him to be worth. Hobson to Attend. The international congress ,sup- ported by 92 national agricultural associations from the 27 countries, meets every two years. Hobson, appointed 'by President1 Hoover to attend the fifteenth con- gress, was reared on a farm in Kan- sas. His principal interests have been marketing and related sub- jects. He has been instructor in eco- nomics and marketing at the state college of Washington, and an asso- ciate professor in marketing at Co- lumbia university. He has held various positions with the department of agriculture and at present is chief of the for- eign service, bureau of agricultural economics. Open Old Georgetown for Free Inspection WASHINGTON, May 16-()-Old Georgetown, quaintest yet a most newly-fashioned corner of the na- tional capital, today held "open garden." People flocked to see landscaped nooks that are but tantalizingly glimpsed the rest of the year-for Georgetown's beauty spots are hid- den behind brick walls. I After the pilgrimage conclues the gardens will return to their seclu- tion, waiting another May-time to delight the public eye and help along a community charity. The money this year goes to a nursery school. UNIVERSITY OF NEBRASKA- Members of 16 fraternities here competed in a song contest as part of the program of Ivy day a hsort time ago. Today's Rad (Eastern Sta .io Programs ndard Time) Sir W. Phene Neal, Lord Mayor of 11:30-HENRY THIES AND HIS ORCHESTRA London, will speak over an inter- WJZ, WREN national network this morning at PAON DAY 11:30. In the talk he will describe 1:45-LEE SIMS-WJZ, WJR England and the capital of Great 3:00-UNITE STATES ARMY BAND-WOi, WHP, WET1, CFRIE3 Britain. 4:30-Litt l Orphan Anni-WZ, KDKA At 8 o'clock tonight, Irene Bor- 6:00-A-M0OSN' ANlDY-WJZ, KDKA, WLW, don.i, noted musical comcdy star 6, WRILCK-WZWZJAX will sing over the Coty cosmetic L i -WJZ, . WRN JAX, company program. In the recital 7:00--PRYOR'S CREMO BAND-WGR, WPG she will render several of the selec- 7:30-LAWRENCE TIBBETT-WABC tions which have made her famous. 9:00-Strom;! er Carlson Program - Roches- ter Civ Opcra-WJZ, KDKA, KYW Thy, United ,ates Army bn oetBrs rga -GYLOI- will be heard a t4o'clock Uio tooinow S -WM K J., . . .WOWS. KFRG ; over a Columbia broadcasting 10:30-FEN tERNIE AND HIS ORCHESTRA chain. It will play direct from C0STRA-WBBM -Lawrenxce Tibbettbiala