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The Dick McHargue Network

We were a thorn in the side of the Missouri Farm Bureau for two reasons.  First the MFB had its own market reporting service that provided any radio stations with market reports via telephone--free.  The simple credit "reporting from the Missouri Farm Bureau" was the...

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Full recourse loans

Bankers want lots of security.  They aren't in the risk business.  They're more than willing to loan a business money but they want to be darn sure they can get it back--with interest.  So, they take as security (collateral) a business's inventory, its property, its...

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A new bank

At our May Board meeting in 1975 news of Exchange's refusal to renew our line of credit brought an idea from Derry.  He said he thought his friends at the small, Farmers and Traders Bank of California, Mo. might be interested in becoming our banker. ...

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The bank turns us down

When we began business in 1972, Buell Baclesse had been our organizer, our first President, and the guy who arranged for our banking.  He banked at Jefferson City's Exchange National Bank and talked to its president, Don Campbell, about a line of credit, secured by...

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Jack Murphy dies

Jack was one of our incorporators, a shareholder and a board member.  He'd come here because he was a friend of Buell's. He died on July 21, 1975.  His death set in motion the problem of shareholder succession.  I'd worried about this issue since our...

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