The Clinton chronicle. (Clinton, S.C.) 1901-current, June 01, 1933, Image 8
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THE CLINTON CHRONICLE, CLINTON, C.
THURSDAY. jUiE 1, 1933 #
WHERE AND HOW LOANS ARE MADE UNDER THE
NEW FEDERAL EMERGENCY FARM MORTGAGE ACT
I duction th? amount of silvei 'mined in
j the world was a fraction more than
fifteen thousand
million ounces;
yvr
(Written Especially for The Chronicle
TTirough Autocaster News Service). .
In the first two days after the pass-
ape of the Federal Emergency Farm
Mortpape act, applications for relief
were received from l,2fi9 farmers.
Most of these applications were sent
to Washinpton, rndicatinp that few
farmers know where the Federal Land
banks for their districts are located.
There are twelve of these hanks,
and in connection with each of them a
loan commissioner to operate under
the new law has heen appointed, k.
These new Idans are made to ?*efi-!
nance farm indehtedrtess, provide
workinp capital for-farm ()i»'.*rat ions ^
and to aid in the^'redemption of fio ' -
closed farms. They are not, prim.irily,
made for the purpose of refinanuiny^-
farm first mortpapes. That is Uk le-'
(lone thiou^h the Fedtoal Lund baTi^
W'orkinp in connection with the ju'es
ent holders of first mortpapes.
Ix»ans un(ler the n^w law arelinr" "
ed to Sn.tXK) to any one farmei-. TV
amount that may he loaned adde(' ’*ij
existinp mnrtpapes or other d»d)ts se-1
cured hy the fann jp^^perty, cannot he ,
more’than sufficient to hrinp th“ to
tal debt up to thj-ee-ciuarters of the
appraised value of the property. These
are second morlpaipe loans, re()ay'able
over a sevit's of^yeai's, and an apret-|
Tiient has to be obtained from
First Farm Loan to Illinpis Farmer
and
I the ratio of silver- to pold in the
^world’s monetary system before silver
; was dropped by one country after an-!
other, was ju.st about fifteen to one. |
Silver is cominp back as money, but i
j it is niOre likely to arrive at a ratio of I
j about twenty or twenty-five to one;
■ than the traditional “sixteen to one’
i of the old Populi.st days.
POPITLATION
The United .States c*ould suppoi
probably ten times the population we
now have. It used to he all that nine-
PRESBYTERIAN COLLEGE
♦
X
SUMMER SCHOOL
Professional and
Academic Courses for Teachers
and Students.
June 5 — July 14th
S12.00 ——
♦
t
tenths of the population could do to
produce food enouph for'the ten-,
tenth.'*; now it takes the time and ^
work of only a fifth, perhaps le.ss, to i
feed everyLody. |
Population in the United i^tates is
almost sfancfinp still. Unless there is i
Tin unexpc+cted upturn in the'llirth rate'
1 or we open our doors apain to immi-
^tjrant.s from Eumpe, we shall find our-'
selves still less dependent on the pro-
Thp first loaa uadrr PrcBident BooMvrit’s $200,000,000 Emergency
Farm Loan Bill w'ta made at tbe Ht. Looia office of the Federal Land Bank,
Photo iihowB E. A. I‘urvineii of Pleaaant Plains, 111., (right) receiving a
$;t,.'»00 check from (TomniiiuiionPT E. J. Itodman, (left) ax Mrs. Purvines
iookf< on. In the rear is WiKid Nelherland and (>. J-. Lloyd, president and
rice'prtyiid(‘nt of ttie sC Ixaiis F»*deral Land I^nk.
yorninp.
Ninth District:
Iowa, .Nebraska, South Dakota and' the city in which district beadcpiar-
W’yornirur. Bert Waddell, agent. iters are located,
.. ' takes a little time to get action. |
W u nita, Kansa.s. , , , , n • •
, 1 Local appraisers have to be called in I
oi Oklahoma. Kansas, (olorado. and ^ oven the jiroperty and exam-i
holde4’ of the fir.st luurtgugc that Shull, agent,-
the fai ui'‘i.i .-Tenlh Li4Kt4'ict;.ii(,ms,l()ti, Te?^as. For
Uhe state of Texas alone. A. I’. (Jraves,
dueers of food. ' j
L’looks to me as if food farming^
on any important scale, will be a thing
of the jiast in fifty or a hundred
! years from now. More people will live
I in the country, hut fewer will be en-!
gaged in trying to make money out of
I growing food. They will get their cash '
from other forms of labor and of pro-1
ducts of ihe land.
LAND—WHAT IT WflJ, EARN
1
1 ')(•
>1 (if : he
''h(
♦
will not pro<‘e(‘d wgainst
fill failure to pay the principa
first mortgage. •
.Applications for loan;* umler
new law should go to the l’c(l'*v.il
Land bunks for the (listnet in wbi 'h
the, fann is located. These (iislii't-*
are:
First Disti.ic.t: Springfield. .Mass,
.Serves the states of Maine, .Ne.v
Uiimpslnre. Vermont. Massaehu.>e‘ts.
Rhode 1-land, Connecticut, New York
and New deisey. ■'Cbarles Windhol/.,
commissioner’s agent.
Second District: Baltimore, Md. For
PeijnsyL ania.' Ibdaware, Maryland,:
West \'nVi»iia- \’irginia and the Dis
trict of .( (dumbia. (l(‘orge Stevenson,
agent.
Third Distric.t; Ccdunibia, S. C. i
For'Nt^nh itntf-Sotrih-'S'HV(diniti (»e<ir....
gTa and Flonda. Henry S. .hdmson,.
agent.
Fourth District: Louisville, Ky. For
Ohio. Indiana. Kentucky and Tennes-
What is good farm land worth? .An
I Engibih JCmtntLioJd^ mg-- not^iong _agaL-
agent.
I'ileventli District ; Berkeley, Calif.
For ( alifornia, .Ne\ada, Utah and
.Ari/.ona. WilNain H. Woedf, agent.
Twenflh District: .Sp({kaji<’, VV’ash,
For W'ashirigton, Oregon. Idaho jii.d
.Montana. J. A. Scolluid, nut 'it.
How 'I'o {,v\ Loan
I'armers desiring to hori ovv ' unde'r
the new law should write for informa
tion ‘to the agent for tfieir district.
•Addiess “Loan Conuiiissioner’s .Vgent,
F»*deial Land Bank,” and the name of
• *
in England, where
average proifuctioh per acre of
all crojis i.s much higher than in Amf‘,r-
ica, the markets are at the door, the
grow'ing season is longer and the cli-
I to h/ok over: the lu’operty and
r tm 4i-t lt*-aP4 records (rf e-xisimg mort
ttitgvhu but the Farm Board jnomi.ses j
to move as fast as possible in each]^^
case, and some loans were actually |
mad(* within a few days after the law
was passed. -j
'Ihe first loan was to Elijah Pur-j
vines^ of .‘sangamnn County, HI., on a ^^<*iJXht for
farm which he Iras owned and oper-i
ated foi dl vears. 'I'jii.s was for if.’k.'iOO
and' was made through the Eed(*ral
Land liank of St. Louis. Tin* second
loan undor the act was to W. H. (’hap-
man of Whitney, S. ('., who borrowed
$2,000 under the act on a first mort- higher valuation than that, except in
gage on his property.
The new
600DYEAR
PATHFINDER
Supertwitf
Cord Tiro
4.40-21
$4.65
1.50-21
$5.20
4.75-19
$5.65
.5.00-19
$6.10
.5.25-18
$6.85 •
. .5..50-19
$7.90
Other sixer ht
~~pri»fH)riiun
All full wergae
mate generally morv favorable, can be
$HK) or less fier acre, when
it can he' bought at all. With an ex
perience of two thousand years be
hind them, English farmers are jiretty
likely to know what values are.
doubt whether any land in .Arneri-,
ca can earn interest'on a v(My much
MAN!
WHAT TIRE
VALUES
GOODYEAR
OFFERS!
•^^HEN you buy
Former Clinton 1
Citizen Passes
L. H. (^romer Dies A1 Home of
Son In Kingstree From Injur-1
ies Sustained In Fall.
lODAYond
W*
see. .Agent not yet appointed.
Fifth District: New Orleans, La.. Friends here of L. H. Cromer, for
For Alul)ama. Mississippi and U)uls-ia number of years a citizen of this
lana William L. Pryor, agent. j place, will read with re-gret the follow-
Sixth District; St. Ixmis.'Mo. For j ing announcement of his jiassing: ^ ■
lliinois. Missouri and .Arkansas, Er-. FEDERAI. RESERVE HEAD
ne-t J. Bodman. agent. - Kingstree, .May 20. Lindsay H In picking Eugene Black, of At
.Seventh District: St. I aul. Minn. I XI. father of L. H. (’romer, lanta, for governor of the F(ideral Re
F..1 Miehigan. W usconsin. .North 1 u- puhli.sher of The County i serve hoard, President Roosevelt has«|
kota and Minnesota. .Jerry 1 . Kiordan,; died at his son’s home here at j followed the
a very f(*w, highly favored spots and
I then only by intensive cultivation of
I high-priced perishable fruits and gar-I
den truck.
One of the principal causes of j
much of the present trouble of farm-
pay,. their land was
j»ay, more foi- ttheir land pnain it was
worth, and their mortgages represent *
more than the actual value. |
J Land, like anything else, is worthj
only what it will earn. * !
Goodyear you get
KNOWN VALUE. ^-Today
thia value la the biggeat
ever.
This new Pathfinder has
FULL CENTER TRAC
TION, for complete non-,
skid safety. And 29 per
cent thicker tread, for
bigger mileage. And a still
stouter long-life body of
Supertwlst Gewd.
Yet kxdt at the prices for
thi;
wi
And think of buying an
AlI-AVeather Goodyear, the
world's arknow ledged top-
quality tire, for no more
money than an ofiorand.
“nolx^y’f tire” m igh t cost!
his improved “quality tire
dtnin the reach of all.”
Tt.e
60GDYEAR
ALLWtAIITR
'Superiwisf
CerdTire
4.40-21
$5.85
4.50-21
$6.50
4.75-19
$7.00
5.C0-19
$7.60
,5.2.5-18
$S..50
.5..50-19
$9.70
Other sixe* m
praptirtion
All full f/%eriit0
PLAY SAFE
F>cry car ownrr mho is
running around on thin,
mnrnout. ilanfttwus tirr*.
ahoutd reidacv ihtm miih
m»1e new ones NOW. t>td
tires on hot roads arc a
risky propoaitiob.
/ IV: •'
GOODFYEAR
WHAT DO
P. S. Jeanes
\
More people ride on Goodyear Tires than on any o:het kind
M DANIEL
VULCANIZING WKS.
Telephone No. 2
agent.
F.ighth
Distdct: Omaha. Neh. For
Bible
Reading Course
.^'1 I’lUOSItVTKHIAN CHI KCH
I
The weekly readings in the Thru-
the-Bihle reading courst' at the First
Pn'shyte'ian elnirch for the week of
.lufu C 1 n. ar(L.arranged as follows:
New restamenl, - Mark 1:29—7:5
Sunday, June 1 .Mark 1:29-2:14.
.Monday, .lune .5th Mark 2:1.5-.‘L19.
Tuesday. June l> .Mark 3:20-4:20.
Wednesday, June 7 Mark 4:21-5:
12. ^
Thursday, June H Mark 5:13-43.
Friday, June 9 Maik (5:1-29.
SatujdaV. June 10 Mark 0:30-7;5.
Old Test ament
Sunday. June 1
Mondav, June 5
—I’salms ♦)8-7.5
Psalms (58:1-25.
Psalms (j8:2(5-(59;
If.,
Tuv-sday, June (5tli Psalms (59:1(5-
50:
Wednesday. .lune
Thuisday. .June 8
.l uiie '
— Psalm 71,
Psalm 72.
Friday
Sai urdaTt:
Psalm
June 10 P=
3.
midnight Thursday following a
about a month ago in which he
fcK'd a broken hip. Funeral
\V(*i'e connucted from ’the home this
afternoon with interment following in
Williamsburg cemetery. „ian who ever
.Mr. Cromer was totally blind, hav-;Mr. Black has
ing been able to see oidy a little us a ' jyjj
chtld. He was a native of AUl>evrllefj:
and for 14 years was principal of the
.School lor the Blind and Deaf at
Cedar .Swamp His musical talent was
nojUiiivortiiy particularly for the piano,
hut he played well on a number of
other instruinent.s,
Mr. Cromer’s mother Was .Miss Kel-
lei‘, H relative of Helen Keller. Mrs.
(’lomer, who survives, was formerly
.Miss Annie vSteven.s of Baltimore, and
came to this state to he Mr. Croiner’.s
assistant at Cedar Swamp. Of thej.r
man iug( eight children were horn, of;
whom five sons survive, as follows:
J. H. Cromer, Jr., and J. Philip Cro-
mt r of Kingstree, J. Fo.ster Cicmer
of Portsmouth. \’a., Wilfred S., Cromer
of Atlanta, and Mrs. .S. A. (.lover of
Wilson. .N. C.; three daughtei's. Mrs.
P. L. Howie of Darlington, and .Mi,sses
Helen and. Elizabeth t'romer, win. are
deceased. One bi'^ther, Philip Cromer
dLf...A;hbe.viile.,also survives. It was Mr.
examph' of his last Dem-
falDocratic predecessor in selecting a man
suf-ifrom th(‘ .South to head up the na-i
services ffon’s financial sy.-tom. I am oni of
! those who beli( V(‘ that the late W. P.
(I. Harding, of Alabama, was the best!
held the post to which j
lieen appointed.
Black was picked, 1 am told,
mainly Ijecause he is entir(dy free:
from Wall street influences. He has a
bigger and more importani task than
any of his jiredecessors had, since it is |
on the cards, I believe,, that the en-'
tire bankng system of the nation will j
he taken into the Federal Reserve sys-
! tern, and the head of that sy.stem will i
: exercise financial, control even greater'
I than that of the governor of the Bank !
of England,
Unlike many bankers, Mr. Black
has a sense of humor. But his reputa-j
Greeting
For Almost Any Purpose
/
tion for sound, homely common-.sen.se j
is of the highe.st. I
alms 71 and
I Croniet ’s niece, Mrs. Ray—Segar—of-
R()(’KEFmLERS| MOVE I
Times change and landmarks pass. |
The Rockefellers, father and son, aiX;
moving Irom the hj.storic addressi/’^^^
Broadway" to the new Rockefeller
center, five mile.s up town. Foi- more"'
than fifty years “26" has been the 1
of the ’STaM^dTnriTUl
'Aiken, foiinerly Miss Marie Cromer
who criginated thv 4-H clu+rs.
TTe (J'Kjfialidms”
Nobody
MASONS MEET FRIDAY
Canijihcll Lodge No. 44, A, F, M.,
will hold Its r(^gujar communication
on Fndav night, .June 2, at 8 o’clock.
■AH
meiiihei.,^ are urged to be present,
By or<i('i of W. .M.
V. P. .\dair, S(^crjj^.iry.
I terest.s. Nobody knows how n\any mil
lions have been made there, but prob
ably enough (o pay off our national.
debt, if the men who made it had kept*
it. . -j
'Phe Rockefellers don’t keep their
money. T’hey speml it laigely in vast
eiit(u prises for the public . welfare, i
7, ' education,- health and the restoiation
T<h. Much "Wire I'ullinK In (o-
. iumbia. He Tells l..ions Club .Ijohn. 1). ILK-kefeller, Jr., is in the
l^eaker Gibson
Blames People
Renew Your Health
Purifi(;ation
I
of Florence.
By
Any phys’ician will tell you that
“Perfect Puritication of the Systen
ia Nature’s Fouixlution of Perfect
Health.’’ Why not rid yourself of
chronic ailmyiits 'that are under-
luiuiug your vitality? Purify your
entire system by taking a thorough
course of Calotahs,—once or twice
a week for several weeks—and 8c()
how Nature rewards you with
health.
Calotaba purify the blood by acti
vating the liver, kidneys, stomach
and bowels. In 10 cts. and 35 eta. * legi.slators,
packages. AU dealers.
Floicnoc, May 29.t J. B. CJihson, of
Dillon, speaker of the house of the
general as.semhly, told an auditnce
I here the people of the state are not
I governed hy their constitutional offi
cers .so much as hy bureaus, boards
•and commissions and “other creatures
of the legislature."
Addre.ssing the local Lions club,
."Speaker (iihson said:
.. “When you attempt to reduce or
■ con.solidate these bureaus, boards and . reau
I commissions, you bav.e a fight on your been
hands. This is largely because many
their efforts to keep
limelight just now because he objected
to Uommunist pi-opaganda being put
into a mural painting by Diego de
Rivera, the Mexican artist who had
heen engaged to do .some work in the
Rockefeller center. Some “liberaLs"
are making a great fuss^,saying that
Mr. R(K*kefeller is no ju^ge of art.
That may lie true, but wouldn’t he
look foolish promoting Communism?
Besides Birthday Cards there are General
• • . . -TV-.
and Wedding Anniversary Cards, countless
styles for persons who aYe 111 and Convalescing,
Jfeby tCffli^atulaHcws- and-Birtl^-AwKwmee-^
ments, and Wedding C^ds, Friendship Cards
and Mottoes, Sympathy, Condolence and Ac
knowledgments, TaUy Cards, Thank You Cards
— and then some others.
This IS
in
Some one needs the
GOLD—SINCE 1493
According to the United States Bu-
pf Mines all the gold that has
mined in the world since any
kind of records have been kept; that
is, from 1493, the year after Colum-
(Adv.) ! promises made to the people back bus di.scovere(i .America, down to dite,
home, have |)Iaced themselves under amounts to a little over a thousand
^obligations to the very creatures of million ounces. At |20 an ounce that
government they would abolish." | is worth twenty billion dollars, and
Uibson said much of the blame rests more than-half of it is still in the form
waUCIC you Uftve lO with the people, who place their rep- of money or gold l>ars held in banks as!
Aoll A 1 if • l esentatives in such embarrassing po- .security for money.
vClI* 4r%OVClXloC 11 HI 8ili(i^8 that the latter must freciuently In the United States, sincp 1792, we!
•1^^ Wanf governmental agencies have mined aboitt 226 million ounces,
A nC Vi»IllvIlldC ff aill asking “favors" for their constituent(^^ j worth above $4,600,(XK),000; and that.
He said, however, the legislators de-}curiously enough, is just about the
.serve criticism for trying to carry on amount of monetary gold still in this
- Dbe government a^ a financial level ’ country.
SLBBCBIBE TO THE CHRONICLEUhe people cannot support^ 1 I*' same 450 years of gold pro-
7,-*' I . '
Ad column.
PERSONALIZE YOUR GREETINGS
r*
- WE HAVE THE CARDS.
Publishers — Printers—Stations
Telephone 74 y Clinton, S. C.
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