HM! CARRIE! H5 “I.“
NEXTTO Hi8 HEART
J
Ill
on ma as'i ensue
A smote soumwoot!
‘l
POST (HQ.
Wrath—i.
. P: on on p...
x
3.
sum. CREDITS BILL
WILL HELP FARMERS
__
System of.Laod Mortgage Will For.
ateti Heady cash at Law Batu——
Every Borrower Must Take stock
is Farmer Loan Association.
ll)’ George H. Mannlnit
\thlNGTON. l). (‘., Feb! iii—4
‘l‘iedhuking and Currency committee
u-f the House of Representatives has
confined .the preparation of the inr-
id Mia iblil end will oeport to the!
House through its chairman. Con-
gressman Carter Glass. of Virginia.
within the next two or three days a
lull providing for a system of land
mortgage loans. that will tarnish the
11mm of the United States with
ready cash on long-term paper at
very reasonable rates .of interest—6
per cent. or below. annually.
This bill, the correstmndent of the
Bridgeport Post was advised today by
members of the llankinc and Cur-
ienqy committee who have devoted
yearsvt study to the question. will
put an end to the condition that has
existed winder which the business man
, i
in almost every line of trade was able‘
to obtain loans from the banker to
finance dais business. but the femur
coon saith much dillculty obtain a
loamgaenrally at usurious interest.
This .btll which will be known as
the :sdministratiou's Rural Credits
bill. will represent the net product
flier on hand for over six months ms»
‘tnrity.
' make subscription if the vfull amount
the fedora! Reserve system. but it“
soon became apparent that the farm:
on most have long time loans at low
lntwrostnnd that this could not be
ham... to advantage bythe Reserve
banks which in order to operate at a
profit must necessarily turn their
money over Quickly and have no pa-
Would Aid Farmers.
Thus it meme necessary to formu'
late a mm of rural credits that
would be at peculiar aid to the farm"
ers. To bring this about and malts
it successful it was necessary for the
committee to keep in mind the fol-
lowing considerations: 1. Absolute
safety and attractive income to the
investor; 2. Low interest rates. long-
term mortgages, and amortization
payments for the tumor; 3. Low cost
of administration; I. Adaptability to
every part of the country; 5. Stimu-
lation to the cooperative spirit.
The general plan of the anl Hort-
gsge system which the rural credits
bill suit create. it is learned Wants
correspondent of the Post is to has
follows:
Loans are to be made to the farm-
era by twelve or more Federal land
hanks. each operating in a separate
district and having a vcnpital of not
‘ess than $600,000.- the. government to
is not put forward by individuals.
Government 0mm.
mid result of over two years' study
ulltl rdollheration by the Mixing and
t ‘tirrencygcommlttee of the House and
Senate. and one year's constant work
by the Joint committee on rural cred-
its. composed of members of the
House and Senate Banking and CurJ
vency committees creased by act of
('Ongress about a year ‘ago.
Demands for Loan: Increases.
The necessity of a system by which
the farmers of the country could ob
l.tln loans to aid them in their bual-
near similar to those available to men
in other pursuits has becomeincreas-
mgly apparent within the .past ten
years and resulted in tr-unanimous
demand from agriculturists andtarm-r
ers’ union all over the country.
Farming conditions have under-
eoneeuch a change within the past.
twenty years that the successful farm
or has now “become. an up-todate
business man and requires a working
mpital which would have appalled
our forefathers. He must buy more
lcrtilizer and more machinery; build
better buildings and raise hotter
Mock and crops: ply cash in uracil
to buy cheap, and store his product
: o as 'to sell in it high market. This’
requires ready cash. ‘ l ‘:
"Many Bid Futures. .
All a general rule the farmer can-
not obtain a loan from the banker
itecaiise he is not ltnown tothlm. and;
;f be getsit at all. it is usually at ,a
usurious rate ofintorest despitoatrin-
ateot. state laws. subject to foreclos-
ure .at short notice. and quite the:
(tacitly-after mingmomeme‘l'hm
commission. if he gets the loan he
finds «himself shortly graying use on
the mortgage as well as on :the «land.-
and completely, in the hands .o! W
Muller. . '
An snort was malle'to extend“
rommodstlon to the farmers through
1'0 m;
can
. “More!
, the mortgages as collateral security.
. --»1
"bank may charge not tastes-dim
The government is to be in control 1
I of the whole system through the clan-l
.tion of a Federal farm-hand board.
: independent and non-partisan. coualat-_
ing of five members appointed by the‘
President for terms of ten years eschi
and paid by «the public treasury. '
,The land bank shall make loans to:
farmers through local associations oil
bomwem. called national farm loanl
associations and will not conduct a
banking business. They admit mem-
bers who desire to borrow: their di-
rectors and loan committees pass on
the value of the security and the char-
acter of the borrower. Every borrow-
er takes stock in the farm loan also
ciatlon to the amount of live 'per
rent. of the. face of his loan. This
amount is subscribed by the I.”
tion to the stock of the thand Bank.
thus providing for a capital propon
tionate to the amount of loans. ap-
proximately 1 to 20. All loans shall
be endorsed by the association .df
which the borrower isra member.
The mortgage loan is thus secured
by productive farm lands, ludorsed by
a farm loan association.
When the land '-bank has a sub-
stantial amount of mortgages on land.
iot less than 850.000. it may issue a
like amount of farm loans based on
‘Han Broad insurance;
Every federal land‘bankigu'arantoes
the payment ‘of every bond and con;
nun issued by everyotlii‘er I'e'de‘ihl land
out. This gives-tho honds’tand con?
puns a broad'inauranos...
‘ Expenses aitt‘l Profits.
mm land banks m permitted to
alsgrgo borrowers 1 per cent. more for
interest than they pay bondholders.
Mammoth)“ current rate on
farm-loan honds'ls 4 per cent" the
rent. to farmers who borrow. The
margin of 1 per cent. on the amount
a unpaid: principal mom»; is.
availlbleto‘ the bank to: itassgsues
-nd oifntags.l.hnt it wfilwl! 1ll!
largely reduced 'in modes. “to pro
fl, go.ao..tha ducal annotations b
)ha Minimalism stock of All!
hank ‘
.s the associations. in this way that
timings d the system go to the Dal":
.‘owers. and its cooperative characteti
.s assured. If the 1 per cant. margin
in too high, no harm'is done, for the
sci-as comes back to the borrower to
livid“.
Restrictions on Ma.
The mortgages which stand a; so
:cut'ttyhckdtheboodsssocarutulb
. restricted. I
No hank may loan on land outside
its district.
Ivory mortgage deposited as ae
curlty is on the amortisation plan. so
hat part of the princbal is paid in
every six moths.
The money must bo‘bu'rowed for
productive purposes. lor the purchase
oi o farm for a home, or to liquidate
existing indebtednus.
No loan shall mood nope:- cent. d
the appraised value oftho mortgaged
land.
The borrower must engage in on
cultiv'ation of the lam mortgaged.
The maximum at loans to one bar
rower is limltd to 110.000.
The purchase for which the loan is
ibtained .must he stated.
The loan .buiomos due and payable
upon bssacb “om conditions at the
mm
ltisnodemtood-thudlnsss is to
be named by the committee as the
longest time for any loan to run. The
loans are to be paid oil by making a
semiannual regular payment at 5
per cent .intorest. the time of the loan
to be of course fined by the amount
paid every six months and the per.
oentage of the loan to be paid back
each six months to be mutually ar
ranged between the borrower and the
farm-loan association.
Ill EXTEND WIRELESS
THE HAGUE. Netherlands. Feb. 17.
—(Coriospoodenoe .of The Associated
Presto-The project of establishing
wireless communication between the
Netherlands and the Dutch East in-
dlan colonies is receiving serious con-
sideration. The government is .now
unable to communicate with its ooh
enter by cable except through Brit-
.lsh lines and the question has been
:raised in Parliament several times re-
cently as to how far the British cen-
sorship has adected free communi-
cation.
It petition from one of the princi-
pal Dutch Chambers of Gunmen}!
has been sent to the Minister fertile
Colonies, pointing out many ad'van-
less communication with the iodine.
One project calls .tor two tntsrnmdiate
xtatlons, which would have to b on
'oreign soil. but it is now bellesed
that. a direct connection is now im-
possible. The distance ifron the .-
istlng stations at inherent-gen dual-
‘and) to flsbang (East indies) is 6.-
250 ruling-dint it is pulled tout“
the German mm in 50M ‘-
rlca-hsotsen ambush-apnea-
aagoa from Nauen, in Germany. a dis-
lance or new nines. anion the
most powerful installations. tire "Dntdlr
project might be realised. "
Anothor‘noiot of interest connection
with thewwar is that a smaller 1“!an
her of marriages have ‘tahaa place in
this country'unoo‘lhomm days for
the mobilisation. particularlyfln the
southern provinces. which admin .039
. ascend-ion“
A
taxes that would accrue Iran m- ~
"05%“
alum and havcwaoecasnmestd
warhnssm'
inmmmamwi
talstatlstics.nallandis.nou-tlna
to the casual sides-s nanny.
Thumbs-omnibus
hirthrate.aahnorovsmut.ysarhy
maths-enliven". .d a'
MMqohmo-huddh
agrees. Asregards‘flll‘bh‘flll does
.184: is. highest rate mat with is tu‘
.sar thousand. is II. “can. th
Ogure steadily declined to on in
tall. but it (hole a slight also for
1912. 1913 and 13“. M h
connection wit an shoes-my tug
infant mortality rate in an.
The déth .i‘ls all! woes-
sum to. .is and ”nan
never endow .‘ and not-
withstanding itie samswtiat less is-
yornble W of 1814. fl evil"
for the years 1011 to ”it. rim, 11.87.
is arm considerably belosr‘vtbe have
for 1310: 18.55.
The divorce; per thousand married
solois- have iii-en from on lo the
i
mo. an in lots nod sunny ace. in
191i. As regards the marriages. the
blessing of the church was only
sought in religious Rolland in do out
marriage ceremony in this country is
decade 1M0 to 1850 to .76 in 1900 to'
of ovary hundred of these. Themalo ‘
"been celarod d the m new' law
no growth it will be seeded in guinea
tgraas which furnishes excellent gras-
hl for attic. ‘
the north Jill he used it! latices
lug cattle that have he: purchased.
ln Colombia and Costa files for the
i.itpply Department. These animals
usually are not properly fattened
when they arrive (I the [attain-d
vthls purpose the ranch is to serve.
It is proposed topurchaae a herd
at 10.000 cattle which will he tattooed
on the ruch. no tho-oars consum-
d the department plans to buy at
the :rate of 1.000 head a mouth.
MY TEMPLE.
"tn. rim-osmium, ms.)
1 have blinded mo a temple. by my
own rude strength alone-
By artless. grateful labor have
laid each single stone;
its mossy built boars not a touch of
running workman‘s hands.
Yet fairer than my temple, stands
none other in the land.
Its threshold is contentment. and its
vaulted dome. repose:
its mlghty-columned peristyle. the
strength that kindness knows;
Pure love, its tattered altar-rug.
where friendly toot have trod,
And through us may windows
always the logs] one. which is con-
ducted by the Burgomastcr or his
deputy at the town hall after which
the married couple with their friends
drive to church if they are so hello
ed. .
While the margin of births over
deaths was responsible for an in
crease of 1:60 percent. in the total‘
population of the Netherlands in that
year. the idood of Belgium setugees
and slams into so. sis-my on ac
count of the war caused a further in
crease of the population by as' much
.as 045 gar goat. .
l
Wit m M can
ram an. anion. dismiss.
meot at a large cattle . ranch has
been decided by on supply Dana's-
ment of the Pana'maicaualzlt‘d con-
tracts have been-let {or the clearing
of 4000mm of'land lathe vicinity
or New culebra on the line a“ the
Paaunanllraad. Who thew-has
streams the living light of God.
I No clolstered flue, my temple. rear
ed among untraveled ways—
But clear its gleamor marble shines
through life’s fast thickening
haze.
And i see dear. dimming facen. ruth-
less years have thrust apart.
For my temple'a name is friendship,
and its altar la. my heart.
“militant
mama .
Panama. Fob. l7.-Tbe ancient;
village of Chance. at the mouth of
the rive not the same name. will soon
i
t
i
I
~be depopnlated and the district con-1'
sorted into an American military ro-
aervution and fortification as part of
tile Canal defences. The inhabitants
have received notice that they will
vote more to the east haul: and
nearlhemnthol‘ the disgusts-River.
about eight miles beyond the mouth
of tin Chagres. '
:3 . ,3:an "f
ensure...“ t... m
.._ ,fi-tbh'
. l
, PuhllcOpinion indomes ;
Tina-mm" an M”nmmmi‘.?9‘”°°m°‘
'4‘
DinnerSet
The Blue Bid "m ”"L °’, “AWN? i '
you
P.
_'r
18 SOMETI’ING NEW IN DINNER-Um
The lucky Bluebird ("rho bill of Happiness“) is the I“ d.
this Dinner so. made by one or the m was pong-g”-
highest m was in may or m. ehaste design. and moi-fit.
the same time. the latest thing in the mulling not. it film-g g,»
to he the greatest over—a mum in blue and turquoise. with Q _ é“:
sonroddmtmconthebleashwhile the edge at each piece Oifl ‘
lshed indcopbluelinosnndtndng. 'l‘ossoltlaldontM'I :1
bring an eiaeahtlon ct wonder from every woman vitamin ' _’ '.
“i
' Get.
It .
-1“.
zsjwasungm St..
Blue "Bird Set Coupon
Sat. Feb. {19,
I
l
l
. "I.-
“m ooeaosaasaasaeesssauosbaswerve-achesss‘aemess'ou'ev0
‘ d
.- . * ‘5?
aaasaaseos'eblvie'e'aso'aa ti
”DRE” oesosaaasasfsabowasb‘ \
' . ""I ' ‘: ' ‘l .‘t't’w.’
anmeR a a a a a o a e 0.06.3.5“ .fh‘i‘. ais‘e‘
1...- v'
m.
: ~ -‘ . .' t ‘ - ~ - ‘ .
. . . ._I .A, . ,t. . .- . ‘ u L; .. . , -._ . mu-
' L"
“if: .
V w. M
-.'.x. |\_,‘ 1' l 5
Norwalk Chronicler