This page contains a Flash digital edition of a book.
President’s Message


Jimmy Taylor President, Board of Trustees


As I was walking through my house this morning I passed by the painting on the wall, just as I do every morning.


Although it looked colorful in the morning light, it is just an average watercolor painting. To any other person it would be just that- an average painting, but it is special to me. It had belonged to my grandmother. But how she ac- quired this painting is, as they say, “the rest of the story.”


In 1939 Granddad was attend- ing a meeting in a large city. In the afternoon a Bridge game was arranged to entertain the ladies while the meeting was taking place. Grandmother had never played much Bridge but she was fortunate that day and won.


The top four finishers were al-


lowed to choose prizes. The top three prizes were an electric iron, an electric coffee pot and an elec- tric toaster. The fourth choice was a simple watercolor painting. Since Grandmother had won first place, she got to choose first. She


walked right by the electric appli- ances and chose the painting.


The lady in charge of the event questioned her choice. She re- minded Grandmother that she had first pick and asked if she wouldn’t rather have one of those nice, new electric appliances. My grandmother’s reply was that the appliances were nice but they would not do her any good be- cause she lived in the country and therefore did not have electricity.


You see, the other ladies lived in cities and had had the luxury of electricity for several years. They took it for granted that most peo- ple did but that was not the case. Rural America had been left out.


The investor owned utilities


who were serving the cities at the time refused to serve our rural communities because they could not make enough profit. Thank


goodness the people in rural America would not accept this. With financing from REA they organized into cooperatives and built the lines themselves.


The REA (RUS as it is now called) still plays a vital role in the quality of life in rural areas. It is through loan funds from the RUS that electric coops such as Northfork are able to construct and maintain their distribution systems. These funds contribute to the affordability and reliability of your power.


Since these loans are paid back with interest by the coop borrow- ers, the RUS program is one of the few federal programs that ac- tually makes money for the U.S. Treasury. In fact the RUS Electric Loan Program is projected to earn more than 100 million dollars for the federal government in Fiscal Year 2012.


You would think that especially


in a year that we are running such high federal deficits, it would make sense to leave one of the few profitable programs alone. But as


I hope your schedule will allow


you to attend our 72nd Annual meeting on August 20, 2011. I look forward to seeing you there.


usual that doesn’t seem to be the case. It looks like we will be fight- ing both a reduction in funding and restrictions on the loan funds.


Hopefully common sense will


prevail and the RUS Electric Loan Program will remain the same as it has been for the last few years. Just as the loan funds from the REA were extremely important in get- ting electricity to rural America – loan funds from the RUS are very important in keeping your elec- tricity reliable and affordable.


The painting on my wall is spe- cial to me. It is special because it was my grandmother’s but it is also special because it reminds me of the people of that era who would not accept their circumstances, instead choosing to do something about them. We owe these people a debt of gratitude for their de- termination and foresight. By the way, my grandparents finally re- ceived electricity in 1946.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88