, . comm, only as:
'l'h clerical: Commission on Avioni-
that cooperation come to Welshman
mm flieidelbars. where halt a day had
linen spent visiting tyliloel local itali-
i’eiseu societies in the *neishborinn
{arming communitle‘s. A: subcommle
* m 01 the commission "remained in
’dieideibere to attend » the meetings, or
«the convention oiw‘llameisen Coopera-
tivoomoials which began there today.
The first institution visited :by the
commission in Weisbadon rwas the
Nassau District Mortgage Credit Bank,
a government institution, extending
mortgage loans at cost. principally for
the benefit of email runners who pro
dominate in Nassau. it was the first
institution of this type visited by the
communion,
The bank was organized in 1840 by
the'government of what was then the
Grand Duchy 01' Nassau. It has con-
tinued in the mortgage business ever
since and has never lost a dollar to its
bond holders. The‘method or business
is the some as that followed by prac-
tically all mortgage institutions in Ed-
rope-«that is, it accepts mortgages on
real estate and issues land bonds equal
in amount to the mortgages. The
bonds are split up into small amounts,
as low as $25, in order that small in.
vostors can buy them The money rs—i
ceived by the bank from the sale of
the bonds is used to supply money to
file farmers on their mortgages. The
bonds are secured by the mortgages
But the holder of the bond looks only
to the bank to pay the interest and
principal of his bond. The bank as-
sumes the‘ responsibility for the pay--
ments of the farmer and it is this fea-
ture which makes investors more will
ing to buy the bonds than they are to
buy the mortgages offered by Ameri-
can farmers, and also which makes
their investors willing to accept lower
rate of interest. The bank carries on
this business as nearly as possible
without profit. Where a profit is made
it is turned over to the government to
reduce the taxes of the landowners.
In the case of the mortgage bank
of Nassau, however, there is a second
guarantee placed behind the land
New York, New
Haven 8. Hart
ford
RAILROAD
TIME TABLE
In Effect June 23, 1918.
OOUTH NORWALK TO NEW YORK
A. M.——1:20x, 6:14x, 5:41x, 6:09.
6:24x, 6:43x, 0:55, 7:18, 7:46. 8:171,
8:411, 8:601, 9:161:I 9:37, 10:20:,
10:45:, 11:38.
P. M.:-——~12 581, 1: 08, 2: 40:, 2. 501,
3:2,7 4:311, 5:11, 5:521, 8:,37 6:51.!
3: 201, 9: 22x, 9. 59, 10: 45.
Sundays.
A M.:——12 25x. 5:14x, 5: in. 6: 21;
8: 53: 10: 20x, 11. 24.
P M.:-—12 48x. 2: 39x, 2:50x, 6:41.
6:623, 6:581, 7:121, 7:52x, 8:211.
9:221, 9:59] 10:28.
NEW YORK TO SOUTH NORWALK.
A. lit—4:45, 5:40, 6:45, 8:101.
8:33x, 8:55:1' 9:13:11, 10: 02:, 10: 00,
10:50:, 11:03.
P. M.—-12:03. 1:05, 1:181:, 1:28x 8»
urday only, 2:04x, 2:57, 3:30x, 3:561.
4:161, 4:29, 5205):, 5:24;, 5:28, 6:011,
6:07. 8:00x. 8220):, 9:001, 9:30, 11:10:.
11:30, 11:33:,12:001.
Sundays.
A. hi.-~12:001, 8:001, 53:38:, 8:65:
9:00, 10:02:, 1120011.
r. Mensch, 1:081. 2:00;, 8:44:
5:021, 6:04, 6201:, 7:141, 13:00:, 8:101.
9:09;, 10:00:, 11:10, 11:33:.
GOUJ‘H NORWALK To NEW
HAVEN.
A. M.*‘12119X.12242, 1:101, 0:09,
7:28, 9:21x, 0:40;, 10:28:, 11:11:.
11:60:.
1’. M.~—12:02, 1:20, 8:14;. 4:20,
0:12. 0:101, 6:47, 7:101, 0:09x, 9:191,
9:381, 10:0”, 11:10.
“Una”:
A. Mmizflux, 12:42:, 1:173, 7:413.
CHM, 10:10, 11:11:.
P. M.~~12:07x, 2:13x, 3:131. 4:501,
0:1011, 8:40, 7210):, 8:341. 0:093. 9:231
‘ 10:07:. 11:07:.
COUTH NORWALK 't‘O DANBUR‘V
ll, M.wl:20, 0:13, 8:27. 10:01:.
1’. Mwme, Mix. 4:36;, 6:81:
0:30, 7:2011.
lundoyo.
A. ”#1010111, 10:25.
. r. Jim-«2:16. 7:15.
MNBUIW 'ro BOUTH NORWALK.
it. I‘m-0:00, 7:18, 8:10, 10:01;
91:115. '
f. HAM, 0:85.820”.
, loom.
id. ”M2“, 11:45.
1'. Hrs-4:00, 7:89, Stud.
(1) m
w. 4
During the years that they have .I
been on the market, milliom of ' ' '
packages have been consumed-— em
and the output is daily increasing.
National Biscuit Company Graham
Crackers are a. revelation in
goodness.
They are not only nourishing, but
delicious. Try them. Airgun in the
protecting package that keeps in
their unique goodness. Always look
for the ln-er-oeal Trade Mark.
10c
h
1555;;- .,.. 'L mm
bonds-the guarantee of the govern- ‘ment of amortization charges is obli~
ment. When Nassau was an autouo gatory and the value oi? this law was
mean German state the guarantee was clearly demonstrated to the American
given by the government of the Grand commissioners by the bank director,
Duchy of Nassau. Nassau has becuiwho presented a table to show the
absorbed by Prussia and there is a comparative freedom of debt oi! the
provision in the constitution of that Nassau formers. Through this prac-
state forbidding the government to ties the farmers of Nassau are requir-
guatantee the obligations of a com ed each year to pay all their indebt-
pany which is permitted to assume uu. edness.
limited indebtedness. Therefore that The most interesting feature of the
guarantee of the land bonds of the Nassau bank is the government guar
Nassau bank was turned over to the notes given the bonds. There is a
communes of the administrative dls- division of opinion among the mem-
trict of Nasaau. This is, however. shore of the American commission as
strong government guarantee and the to the advisability of government guar-
‘sulliciency of it is proven in the high; antecs for land bonds. Those opposed
price, 99, maintained by 4 per cent. I to the plan point out that if the farm-
bonda of the :Nassau bank. 'ers defaulted in their payments it
‘~‘\-~.a.- .su‘is
‘ ‘nm‘
' avg,
~ w. t -R yids“
a «a Int/afaral"
~-\‘Ls"~-\‘
1-,1‘ .1
DAY AND NIGHT.
When the young eyes of the day
Open on the dusk, and see
All te shadows fade away
i To make the government‘s guarang
tee sale. conduct of the bank is placed .
under control of the assembly of the
administrative district. The actual
business of the bank is carried on by
a directorate. A farmer desiring to
lmortgage his in: m goes first to the
court of registration. The system or}
{land registration in Germany is thor-
' oughly perfected and this is one of the.
i most essential features to a successful ;
. land in the United :States is sold every
Eland credit system. By the court the
Harmer is given a paper establishing
'his title and describing his property.
,SThis paper is sent to the land bank
iwith the application for a loan. All
?loans are restricted to 50 per cent. or
;tho value of the land on iiret mort-
: gage. If the loan be granted the influ-
ers' mortgage is registered and also
the bank records with the mortgage
the fact that bonds to an equal amount
have been issued. The entire trans,
action costs the farmer about $20. The'
' bond draws interest at the lowest prec- l
ticable ratec—now 41.4; per cent .be
cause of a bad money mnrkctv—nnd
the farmer pays to the bank this same
,rate of interest, plus enough to cover
the expenses oi the bank. This is
conducted institution. illesldcs this
payment, the farmer pays each year;
a fixed amount in amortirntion churn
es—~that is a fixed amount Willi h is
used to reduce the principal of his='
loan. in the German lmndacbni’ten in-
stitutlons the payment of this smart
[action charge is optional with the fur-
mer. In the Nassau institution pay
would become necessary for the gov-
ernment as the guarantor to dispos-
sess the farmers of their land, one
they assert that there is at to be so
much politics in the situation in the
United States that the Legislature of a
State would be inclined to saddle the
loss upon the State rather than make
enemies of the (armors «by selling their
lands at auction.
Adhercuts of the plan assert that
day of the year for taxes arid that this
is the same thing as the State selling
a man out for non-payment of interest
charges on a mortgage. Just what ad-
vantage there is in the government
guarantee can be better udged by the
commissioners after they have studied
a type of Lendshlilten bank and the
Credit Foncier of France.
nova-dries in THE SENTINEL
TELEPHONE CALL 720
lillR UN "till
i
about 1,1, per cent. in an economically;
(Gregory Boulevard)
EAST NORWALK
Shore Dinners and All Kinds at
Sea Food Cooked to Order
i.illliii l. liliilllllll PlllP.
End
Our Half-Yearly
Clearance and Mill
Begins Wednesday, July 30th
See Tuesday’s Sentinel
A. Dickerman & Son
SOUTH NORWALK, CONN.
WE ONE 6. AND H. GREEN TRADING ITAMPG.
Sale
The Paris Cloak 8: Suit House
33 South Main 81., South Namath
SALE SALE SALE
If we could nuke you new realise what a saving it means to ion
to supply your summer wearing apparel needs now you would curate
here right swaywtodnymand take advantage of those exceptional-be
gains this sale otters. Finer goods are not made. lower prices are not
to be found anywhere: Come and investigate.
Hole in m swatammrd and south Norton:
Till the sun shines merrily,
Then I leave my bed and run
Out to frolic in the sun.
Through the sunny hours I play
Wher the grass is warm and
I pluck the daisies and the gay
Buttercups, or join the song
of birds that here and there
Sing upon the sunny air.
But when night comes, cold and
When the sad moon climbs the
When the whispering wind says,
Litle boy," and makes me cry,
By my mother I am led
To my house and to my bed.
«james Stephens. in Harper's
Magazine for August.
ssrsehtdnse 1357
The Store closes every day but Saturday at 5 o’clock.
0n Saturdays at «g hlclock.
Continuation of $1 Picture Selle
Photogravures, Color Prints, Sepias,
Etchings and Paintings.
Those l’iciurcs have certainly created much «luv
mcnt. Seldom can one got it picture wcll framed for
$1.00. and these frames: are worth for more than that. As
for subjects there is such a wide scope. hardly two alike:
and we advise no «lclny. Carols are picked up quickly,
and everybody wants the Coliseum and the l’orum.
Thcr arc pleasant wooded scenes, landscapes with far
l)lncl1llls,murincs will) quiet waters or slm'my waves, as
suit out-'5 frame of mind.
$1.00 is the price.
Frames in gold, plain massive oak, walnut. 0r mahog—
any. Regular value from $2.00 to $5.00.
Sold on tllc Fourth floor.
The Toilet Section Gives a. Party
with attractive free favors to purchasers.
fiver}! purchaser of Rikcr’s Violet Comic, at 50 «'15.,
is given a dainty wash clot h of fine wool. value to cis.
To every purchaser of Rikcr's 'l‘ooth Paste, (it 50 c152, a
tube, is given one bottle of lIlcodorant, value to cis.
To every purchased of lecr's Cold Cream, 25 via. a jar,
is given :1 Vanity Box with powder. puff and mirror.
'11) every purchaser of Mary Garden 'l‘alcum, 50 cts. a jar.
is given a guest room cake of 'l‘rcntlul Soap. value 10c.
'l‘o every purchaser of (‘lcl‘mc Soap, 10 ('15. a cake,
is given a small jar of Cold cream, value 10 cts.
(‘lcfinc Soap is a nim- qualiiy \vliitc soap. fine for
washing sill: underwear. hosiery, lino wool thing's, child—
ren's dainty clothes. ribbons, lnvcs. ctc. -
At the Toilet Scrum. Don‘t miss it.
Women's Fancy Silk and Chiffon
Waisis
All of our Regular Stock Reduced in Price.
. New. fresh, summery Waist. no samples, no seconds,
our own stock being slightly too heavy for July. we lower
the prices for the pleasure of our customers. The Wash
Silk \Vaists are included. Second floor.
...—————-——-——-——--—
creed C =-
. .1:__*.
Violet Talcum
Powder
Extra large size sprinkler top cans, regularly 25c.
Special price this week
150
The N. E. Ryan Co.
80 WASHlNGTON 8T.
Extra Stamps 4.;
With COFFEES
so STAMPS WlTH 1 LB. EL even and
as 8TAMP8 wrru 1 LB. moose are
20 cramps WITH 1 LB. SUL‘MNA... ...... we
10 arenas WITH 1 LB. vanv coco COFFEE .. a
s amuse Wi‘l‘Hi as. one“) carries a» no
Our colleen are the Best on the Market, Once Used, Always Us
The ”Great A81? Tea Cocteau:
‘".WMHINGTON IT. satin-t NORWALK
tel. No. one. hum-m 8:80 a. m. and use p. m. rm not
Norwalk Chronicler