From “Carolina Farm Notes” by F.H. Jeter, Extension Editor, N.C. State College, Raleigh, as published in the December 1938 issue of The Southern Planter
Designed to assist worthy farm boys in securing a college education, the I.O. Schaub Loan Fund has just been established by the North Carolina County Farm Agents Association.
This fund is similar to that established in 1927 in honor of Dr. Jane S. McKimmon. O.H. Phillips, Mecklenburg County agent, says that the money for the new scholarship fund will come from dues paid by the county farm agents and from contributions made by other members of the State College Extension Service.
Four-H Club boys who conduct noteworthy projects will be eligible to receive money from this fund.
The sponsors of the new fund call attention to the fact that the Jane S. McKimmon Loan Fund established for girls now has a capital of $11,239.71 , and it has already assisted 30 worthy farm girls in completing their college education.
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