Historical Newspapers of South Carolina

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RURAL CREDIT UW PASSED BY CONGRESS' Plans to Loan Money to Farmers at Six Per Cent. ITS PRIMARY PURPOSE TC PROMOTE FARMING Each Borrower Must Have Some Stock in Local Association. The Federal farm loan act, poputlw. n.n.lit. In,.. "I jui i > ^?4iicu tuc ivuiai i i cmud i?? ? was signed by the President and became a law on July 17, 191(5. The primary purpose of this act is to promote agricultural prosperity by enabling farmers to borro\y money on farm-mortgage security at a reasonable rate of interest and for relative long periods of time. To attain this object, two farm-mortgage systems are provided:(1) A system operating through regional land banks, and (2) a system operating through joint-stock land banks. To attract money to the farm-loan field the act provides a method whereby those who have money to lend can find safe investment in the form of debentures or bonds, of sriall and large denominations, issued by the banks and based on the security of mortgages on farm lands. These two systems are to be under the general supervision of a federal Farm Loan Board in the Treasury Department, composed of the Secretary of the Treasury, as chairman ex officio, and four members appointed by the President. This board has authority to appoint appraisers, examiners, and registrars, who will be public officials. F F. 1) E R A L LA N I)- B A N K S V STEM. Under the Federal land-bank system the act provides for Federal lend banks which make loans, for the first 12 months, exclusively through local national farm-loan associations composed of borrowers. These associations shall be shareholders in the banks, and in that way the members who are the borrowers will share in the profits of the bank. The money foi the loans is to come partly from the capital of the banks and partly from the sale by the banks of bonds secured by first mortgages 011 farm lands. The act defines strictly the purposes for and the conditions under which loans are to be made, and requires that the rate of interest charg ed on farm louns shall not exceed 6 per cent per annum. Twelve Federal Land Hanks. The United States shall be divided into 12 farm-loan districts, and a Federal land bank with a subscribed capital stock of not less than 750,000, each share $5; shall be established in each district. Each Fedreal land bank may establish branches in its district. Within 30 days after the capital stock is offered for sale it may be purchased at par by anyone. Thereafter, the stock remaining unsold shall be bought by the Secretary of the Treasury for the United States It is provided, however, that the Government shall not receive any div idends on its stock. Ultimately, it is intended that all the stock in the banks shall be owned by the associations of borrowers, and provision therefore is made i'n the law for transferring the original stock at par to these associations. j Farm-Loan Associations. The act provides for the creation of local national farm-loan associa tions through which it is contemplat ed that the Federal land banks shall \ make their loans. In the event that a local loan association is not formed in any loc%lity within a year, the Federal Farm Loan Board may authorize a Federal land bank to make loans on farm land through approved agents. Ten or more persons who own and cultivate farm land qualified as security for a mortgage loan under the act, or who are about to own and cultivate such land, may form such an association, provided the aggregate of the loans dqsired by the membership is not less than $20,000. Each member must take stock in his association to an amount equivalent to 5 per cent of the amount he wishes to borrow. This stock the association holds in trust as security for the member's individual loan. The association, in turn, when applying for money from the bank, must subscribe for stock in the bank to an amount equivalent to 5 per cent of the sum it wants to obtain for its members. This stock is held in trust by the bank as security for the loans it makes through the association. If a prospective bor rower has no money with which t? pay for his association stock, he ma> borrow the price of that stock as a part of the loan on his farm land. Under thfcs plan, every borrower must be a stockholder in his local as- ( socintion, and every association a stockholder in its district bank. Each stockholder in an association is liable for the acts of that association up to twice the amount of hi| stock. Row Loans Are Obtained. A member of a national farm loan . i association, before obtaining a loan,' must first fill out an application j blank supplied to the loan association , by the Federal Farm Loan Board. This application blank and other necessary papers will then be referred to a loan committee of the association which must appraise the proper ty offered as secuiity. Such applieai tion as is approved by the loan com I mi tee is then forwarded 10 the Federal land bank and must be invtsti gated and reported on by a salaried j appraiser of the bank before the loan [is granted. This appraiser is r:qrh' led to investigate the solvency ar.d character of the prospective borrower r.s well as the value of his land. When a loan is granted the amount is fordwarded to the borrower thro the loan association. Conditions Under Which Loans May Be Obtained. The act specifically defines the pur pose for which loans may be obtained. These are: (a) To provide for the purchase of land for agricultural uses, i (b) To provide lor the purchase of | equipment, fertilisers, and live stock necessary for the proper and reasoni able operation of the mortgaged I r 1 1. . 4 ii I n J I jiuim; iiiu term equipment to ue <lefined by the Federal Farm Loan Board. (c) To provide buildings and for the improvement of farm lands; the term "improvement" to be defined by I * the Federal Farm Loan Board. | (d) To liquidate indebtedness of the owner of the land mortgaged, existing at the time of the organization of the first national farm loan association established in or for the county in which the land mortgaged is situated, or indebtedness subsequently incurred for one of the purDOSos merit ionnrl in thie ?octinn Loans may be made only on first mortgages on farm land. Only those who own and cultivate farm land or are about to own and cultivate such land are entitled to borrow. No one can borrow save for the purposes stated in the act, and those who after borrowing do not use the money for the purposes specified in the mortgage are liable to have their loans reduced or recalled. The secretary-treasurer of each association is required to report any diversion of i borrowed money from the purposes stated in the mortgages. No individual can borrow more than $10,000 or less than $100. No loan may be made for more than 50 per cent of the value of the j land moragaged and 20 per cent of ! the value of the permanent insured | improvements upon it. The loan must run for not less than 5 and not more than 40 years, i Every mortgage must provide for the repayment of the loan under an amortization plan by means of a fixed number of annual or semiannual installments sufficient to meet all interest and pay off the debt by the end ; of the term of the loan. The install| ments required will be those publish ed in amortization tables to be prepared by the Farm Loan Board. j Tho bank is given power to protect itself in case of default by recalling the loan in whole or in part, or taking other necessary action. t The Interest Rate Paid by Borrower. No Federal land bank is permitted to charge more than 6 per cent per annum on its farm-mortgage loans, and in no case shall the interest charged on farm mortgages exceed by more than 1 per cent the rate | on the last issue of bonds. I | * or example, if the bank pays only 4 per cent on an issue of bonds, it can not charge mors than 5 per cent for the next farm loans it makes. . o Magnolia Balm it the Liquid Face Powder used by famous beauties. If you hare Sunburn, Tan or Freckles try 2\Cagnolla (Balm. It quickly stops the bum and remove* Tan end Blemishes. Makes your skin soft and smooth. Easy to use end sure to please. lVhite, <Pitd[b Rote-Red. 75e. SDranWi ot by mmilJincL SAMPLE FREEMsJb LYON MFG. CO., nvfH \ IOSo.StliSL. Brooklyn, R.V. 1 THE HOBBY HEEALD, CATERPILLARS MAY APPEAR IN AUGUST A heavy outbreak of the true j army worm is expected this year. I The mature crterpillars will probably be eating .. e grasses and crops about the seconu week in August. Where the won r have just been discovered and aiv . ill confined to a small area, spray with the following: 2 pounds Arsenate of Lead. 50 gallons of water. Bait with Poison lb an. Where spraying will no. do, use the following poison bait: 1 pound of Paris Green, or 2 lbs. of Arsenate of Lead. 3 to 4 quarts of low grade mo lases. S finely chopped oranges or lemons. Mix the dry bran and poison, then add the molasses. Work into a (lough and add the oranges or lemons. When the dough is too thick add a little wal^r. Broadcast this bait over the infested field, or among the worms while they are on .he march. Or Ditch. When the worms are moving in a mass, they may be halted by digging a ditch across their path. The ditch should be narrow with steep si,des. When the worms fall into it kill them by dragging a log up and down through the ditch, o IN LOVING REMEMBRANCE. W. H. J. Lawrimore died at his home near Jordanville, July 2, 1916, for some time he had been patiently suffering from a heart disease contracted during the last few years. ' or one of his ext rcmp ago recovery could not he expected but the tender loving hands of his friends were in > the chamber of death to wipe away the dew and dampness which clusters around the brow of those who have on the wedding garment and lamp trimmed and burninir. rnlmlv wniMm - o y ? *7 " v' * *" " r ;he coming of the bridgroom. With I Christian fortitude ho bore his suffering as a valiant soldier of the cross IIis life vas full of good deeds and quietly and peacefully as an infant upon its mother's bosom. He passed from death to life eternal. No man of his time was more universally loved. He served in the war of 1812. Joined the Methodist church in early life and lived a Christian life until his death. He leaves a widow and one son and a host of friends U> mourn their loss, but while ve mourn we feel sure our loss is his eternal gain. Sleep on and lake thy rc.ct, God called you home He thought it best. A precious one from earth has gone, A voice \vc loved is stilled, A place is vacant in our home, Which never can be filled. And when we on earth no more can sing Praise God from Whom All Blessings Flow, May we meet on God's White Throne Where parting comes no more. ?HIS FRIENDS. ?o W HOI)Descriptive Fall 11UUU u Seed Catalog just issued, tells all about Crimson Clovpr Alfalfa and all Grass and Clover Seeds for Tall Planting. Wood's Fall Seed Catalog also gives full and complete information about Vegetable Seeds that can be planted to advantage and profit in the late Summer and Fall. It Is altogether the most useful and valuable Fall Seed Catalog issued. ^ ? j * iivc iu vmruencrs, iviarKCt Growers and Farmers on request. Write for it. T.W.WOOD & SONS. SEEDSMEN, Richmond, Va. NOTICE. All persons are hereby forbidden to enter or trespass in any manner upon our lands in Simpson Creek Township under penalty of the law. ?J. F. HARDEE. ?J. H BRUNSON. o No water is safer than the artesian water in this section so far as freedom from surface impurities is concerned. Surface water if used at all at this season of the year should be boiled before drinking. i 00yWAY>:8. . FIGHT THE MITE, FOE OF THE HEN ' The poultry mite is no common < enemy. It attacks young and old 1 weak and strong. It pursues with un- < relenting vigor, spares none, shows no mercy . It surpasses the vampire in its thirst for blood. It attackss at night. When daylight comes, it retreats to its trenches, satiated with 1 the blood of &s prey, to await the return of another night to repeat its ; attack on the defenseless hen. Mites will come. They soon appear, even in hew poultry houses unless one uses the "ounce of prevention." They may multiply at the rate of a million a month Then to rout them requires courage, determination and action. ( He prepared by making all furnishings of poultry houses movable, so that they may be taken out for a s . mi-annual disinfection and cleans ing . Then when the mite armv ar rives, take weapons and ammunition ami et into action. (let Your Gun. Aa old broom, a hoe, a shovel and an e!'.icie. t sprayer will do the work; the broom for sweeping and whitewashing without limit, the hoe and shovel for cl ing dropping boards and floor, and the sprayer for semi*monthly use "in the good old summer time." And Your Ammunition. Kerosene. Kerosene and soapsuds (keroseneemulsion ) Kerosene and crude carbolic acid 10 to 1. Air-slaked lime. Wood or coal aches. Then Make the Attack. Put the flock out early in the morning, or "any old time," and ge I , busy." Hoe and shovel, sweep and spray ?high and low, roots, dropping boards, doors, partitions, nests and everything unmentioned. Repeat srmi-monthl\ through the hot weather. The result will be peace in the hen house and profit and prpsperity in your home Root Knot Does Much Damage. Whether it is called root gall, beaded root knot, eclworm disease. | (> just plain root knot makes no difference whatever to the worm that causes the disease. Indifferent t?> the names given him and his i work, he goes right along with his business of destruction. There is no way to estimate the amount of dam,ag?i he docs. Plants suffering from an attack are usually dwarfed and look sickly; sometimes the leaves look yellow and drop off; and, in bac cases, the entire plants may die. Naturally the yield of the crop is less. The organisms causing root kno; of cotton and other oops are ver\ small worms which bore ?.nto tlu roots and live there. Their presence results in irregular swellings, or galls, varying in size from tiny beaos on the small roots to knots an inch or more in diameter on the larger ones Root knot is a disease of high sandy soils. It is carried from field to field in the earth that clings to implements, hoofs of animals, etc. Water washes the worms from one field to another during heavy rains trees from nurseries often have infested soil sticking to their roots. All these ways of spreading the disease should be carefully watched and guarded against. Rotation of crops is absolutely necessary to get good yields where root knot is present. In badly infested field, crops such as corn, velvet beans, Iron and Brabham Cowpeas, oats, wheat, peanuts or sorghum should be planted for two or three years before crops which are attacked are again planted. Cotton, crimson clover and bur clover, potatoes, t squash, Watermelons and many other i farm crops are attacked by this disease. o Notice Strawberry Growers. Strawberry Growers Union defer meeting Saturday August 2(5, until Saturday, September 2nd. at 2 o'clock on account of the County Campaign meeting. Respectfully, W. J. WALLER, Sect. o WILL SLOAN'S LINIMENT RELIEVE PAIN? Try it and see?one application will prove more than a column of claims. James S. Ferguson, Phila., Pa writes: "I have had wonderful relief since I used Sloan's Liniment on my knees. To think after all these years of pain one application gave me relief. Many thanks for what your remedy has done for me. Don't keep on suffering, apply Sloan's Liniment where your pain is and notice how quick you get relief. Penetrates without rubbing. Buy it at any Drug Store. 25c.?adv. THE STRAWBERRY BED. Clemson College, S. C.?It must not be forgotten that thorough and clean cultivation is the secret of success in strawberry growing. A common mistake made by many growers is that of allowing the bed to grow up in weeds and grass during the summer month. This is al ways at the expense of the future crop At the end of the harvest season remove or mix into the soil, depending upon the amount and condition, the mulching material, and cultivate the patch thoroughly between the rows. Frequent shallow cultivation should continue throughout the summer. Ordinarily no fertilizer will be needed before early fall, at which time a liberal application of commercial fertilizer or well-rotted stable manure may be applied before mulching. The plants should be grown in the narrow matted rows 01 by the single crown method. Berries of larger size and higher quality an produced where plants are grown by the single crown method. The runners and new plants that are allowed to form weaken the parent plant to such an extent that the future crop is greatly decreased, and the berries are of inferior size ami quality. Plants that were set last fall, or the past spring, should l/t be allowed to form runners or new plants, as it is very necessary that all of thej strength go into the parent plant if a large crop is expected next spring. The bed is unprofitable after the third year; so it should be plowed up at the end of the fruiting saeson; or J if plants are needed for fall planting the old bed may be allowed to remain for this purpose For further information write the Extension Division, Clemson College, S. C. o Jessie V. Williams, a negro woman about VP!ll'fi of ntrn \V!1<C found dead in a trunk at her homo, lf.04 Gadsden street, Columbia. S. (V There are two times in a man's life when he should not speculate?when he can't afford to and when he can.? Mark Twain. o ANNOYING KIDNEY ILLS Make Life Miserable for Many Conway People. There's nothing more annoying than kidney weakness or inability to properly control the kidney secretions Night and day alike, the sufferer is tormented and what with the burning and scalding, the attendant backache, headache and dizziness, life is indeed, a burden. Doan's Kidney Pills have I given peace and comfort to many Conway people. Profit by this Conway "resident's experience. H. C. Moore, farmer, Conway, says: "For several years I was so bad off with my back and kidneys that 1 could hardly walk. 1 suffered awfully day and night from a constant pain ! in my back. My sight became blurred and objects floated before my eyes. The kidney secretions at times passed too frequently and then again were scanty. I got Dean's Kidney Dills at the Conway Drug Co., and they relieved me of the backache. The other symptoms of kidney trouble also left. I always have Doan's Kidney Dills on hand and they keep me in good shape." Price 50c, at all dealers. Don't simply ask for a kidney remedy?get Doan's Kidney Dills?the same that Mr. Moore had. Foster-Milburn Co., Drops., Buffalo, N. V.?adv. o COPY SUMMONS FOR RELIEF (Complaint Served.) Court 01 Common Pleas. STATE OF SOUTH CAROLINA, County of Horry. Bank of Tabor, a Corporation, Plaintiff vs. Z. M. Buffkin, J. B. Johnson, Solomon Schorr, Tabor Supply Co., a Corporation, and C. E. Williamson and D. G. Nance, Copartners as Williamson & Nance, Defendants. TO THE DEFENDANTS ABOVE NAMED: YOIT A T?ir 14 ~ ^ MKUIM) l to U1TX iUVJi^ Ci U and required to answer the complaint in this action, of which a copy i* herewith served upon you, and to sc?*ve a copy of your answer to the said complaint on the subscriber at his office at Conway, S. C., within twenty days after the service hereof; exclusive of the day of such service; and if you fail to answer the complaint within the time aforesaid, the plaintiff in this action wiii aooiv to | the Court for the relief demanded in the complaint. Dated July 12th A D. 1916. j H. H. WOODWARD, Plaintiff's Attorney. To Solomon Scherr,?Absent Defendant: Take notice that the Complaint ir. the foregoing stated action and the Summons of which the foregoing is a copy were filed in the office of the Clerk of the Court of Common Pleas, Conway, S. C., on the 19th day of July A. D., 1916. H. H .WOODWARD, Plaintiff's Attorney. W. L. BRYAN, (L. S.) C. C. C. P. 31?8?10?16. i JOFFRE'S FORGES MOVE STEADILY ON Gen. Neville Holds His Own in Fleury?Thiaumont Zone 1 i J.V ., BRITISH ADVANCE NORTH OF SOMME French Push Whole Line Forward Distance of w1 Half Mile. ^ ? - r ^ i ; Paris?Gcnerla Joffre's methodical offensive continues relentlessly its slow pressure in both tneatres of the western front. On the right bank of the Mouse Gen. Neville has extended his offensive to the Vaux Chapitre Le Chenois rt gion, where he has gained a local success. In the Flcury-Thiaumonfc zone he is more than holding his own in the latter district the Germans are concentrating all their effort anil exceptionally strenuous fighting con tinned there throughout the night and <k.y. The Germans succeeded in once more getting a looting in the Tliiau mo at work, but all their efforts to capture the French trenches on the commanding positions to the north Wt. st and south proved in vain. In i r. n ? <>i 11) on,-r? 1 lnov > " I.. v , - .. , ..v v vnv >i |/vk-jh\'ii vjy v iiiuc; untenable and a well uirccted counter nit nek 1Y reed then) back, leaving thci French again in possession of the work. North of the Sommo, from the river to where the French line joints the British, Gin. Jotfrc, acting iii close relation with Gen. llaig, has made systematic progress. In the last three days tlie French have won trench alter trench along a line four miles in length anjl have now pushed forward their whole line for a disi tancc of half a mile, ? - *+ The Germans made violent attacks last night on tlie position taken by ; tin French north el Hem wood on the Somme front, during the last two days. Tlie official French statement ' of today says these attacks were I frustrated. The lighting continues. On the Verdun front heavy fighting continued during the night for i possession of Thiaumont work. The ! ticrmans gained an additional foct! hold. The in? ^>.4 __ . ........ ...'HI HIV VUUBIVIl'tB of the work. In the village of Fleury the French made some proj gross. In tlie region of Chaulr.es the I Germans penetrated the French lines between Lihons and the Chaulnes railroad, but were expelled at ten point of the bayonet. A French aviator set forth at 8:30 ! o'clock last night on a voyage in which he covered 3">0 kilometres (217 miles) returning at 11:55 o'clock. He crossed the Vosge mountains and the Black forest of Germany. British Gain More. A further advenee by the British on the Somme front north of Fozieres was announced today by the war office. The official statement follows: "In the vicinity of Guillemont there has been no change sifc.ee yesU rday. North of Fozieres we made a further advance by bombing along the enemy's trenches capturing 25 i pi isoncrs. "In the Vpres salient, between Bellewarde lake and the Yser canal, the enemy bombarded our trenches heavily last night from 10 p. m., to 12 midnight, and discharged gas on a broad front. The gas had little effect. Some partial attacks were , made by the enemy who was not able ! to enter our lines." Russians Take Town. Announcement was made today by the war office that the Russians I have occupied Tysmienijtsai in Galicia on the river Vorone. I On Amr.iof n /v ? ? ..... - ! ? i , vicntariu Letcnitzky's | army took 7,400 prisoners, including 11,500 Germans, and (>3 machine guns. o > WHEN YOIJ HAVE A COLD 1 Give it attention, avoid exposure, be regular and careful of your diet, also commence taking Dr. King's New Dis covery. It contains Pine-Tar. Antiseptic Oils and Balsams. Is slightly laxai tive. Dr. King's New Discovery eases I your cough, soothes your throat and I bronchial tubes, check* your cold, starts to clear your head . In a short time you know your cold is better. Its the standard family cough syrup in use over 40 years. Get a bottle at once. Keep it in the house as a cold insurance. Sold at your druggist. ?adv. ? o D. H. Brown was in Conway one day last week.