The Horry herald. (Conway, S.C.) 1886-1923, February 22, 1917, Page THREE, Image 3
GREAT IMPROVEMENTS
TO RESULT FROM ACT
\
Ways in Which the Farm Loan
Act Way Benefit the
Country
OUR LAND BANKS
WILL STAND READY
To Comply With the Terms of
the Law and vMake
Loans.
By reason of the facilities created
by the Federal farm loan act, which
was passed last summer, it will bo
easier in the future for a farmer to
secure money to make needed improvements
or for the purchase ol
live stock, and it will be easier also
for the landless man to purchase a
farm, according to a recent publicat.or.
of the Un.tcd States Department
of Agriculture (Farmers' l>u'
letin 7912) entitled "How the Federal
Farm Loan Act Benefits tfic Farmer."
The Federal land banks establish
ed under this act will stand ready a'
ali times, it is expected, to lend mon
ey to farmers on furm-mortgagx s si
curity. The interest charges will l.t
not more than 6 per cent, nor mo; c
than 1 per cent above the rate paid
(III f i 1 ? ? lldllllo a rv 1 /1 llll 4lw. Um.iUo If
v i / v wviiMo rvivi v y ci nj i/iin I\.T, A i
4 1-2 per cent bonds should be issued,
therefore, the rate charged on loans
\* ? ? <) l-vr\ r% 1 nn \i #>% l\ni lU'AG
' u a i ?yv i u j t v a v v i v. e/i
loans wiii be made for pi riod.s ol
ti lie ranging from f> to 40 years,
t-.us doing; away wiui the trouuh
and expense of frequent lenewais.
The payment of a certain part of
t: ' principal annually or semiannually:
with the interest, will be required.
1 he total payment, including the
interest, will be the same for each
vv.ar, and will be just large enough
s:o that the entire principal will be
paid off at the end of the period. The
annual payment thus required to pay
off a loan of $1,000, with interest at
f> per cent in 20 years, is $80.24.
Alter a loan has run 5 years the
borrower will be permitted tq pay of.
the whole amount, if he desires, on
any interest date, or to make partial
payments in addition to the regular
installment.
v
The requirement of installment
navments on the jimorf.iz.'if inr n):m
Us outlined above, will so ve, fiivt, ,t(.
cultivate habits of thrift in the borrower,
and second, to make possible
the placing of the loans at a lower
rate of inteiest, since the gradual
reduction of the principal constantly
improves the security for the unpaid
balance. The privilege of optional
payments after the fiist 5 years
leaves the borrower free to discharge
his indebtedness before the end of
tlie loan period, if he finds it convenient
to do so.
The Federal land banks will perform
three important services. (1)
They will convert the security which
farm mortgages afford into a negotiable
form, known as farm-loan
bonds. (2) They will furnish additional
security for the protecton of
these bonds, though their capital and
surplus, and thus make the bonds
more attractive to investors. (3)
They will sell the land bank bom's in
the open investment market, which,
for obvious reasons, the small farmer
could not much to advantage.
The bonds are to be issued in denominations
ranging from $25 to
$1,000, and it is expected that the
bonds of small denominations will
encourage saving through their appeal
to individuals who have not been
in the habit of making investments.
The bonds will be secured not only by
farm mortgages deposited in trust
with a gopernment official (the registrar
for the land-bank district) but
also, as indicated above, by the capital
and surplus of the 12 land banks.
Both mortgages and bonds will be
exempt from all forms of taxation.
Farmers who wish to obtain money
from the Federal land banks will ordinarily
be obliged to form local loan
Stiff, Sore Muscles Relieved.
Cramped muscles or soreness following
a cold or case of grippe are
eased and relieved by an application
of Sloan's Liniment. Does not stain
the skin or clog the pores like mussy
ointments or plasters and penetrates
<iuickly without rubbing. Limber up
your muscles a^ter exercise, drive
out the pains and aches of rheumatism,
neuralgia, lumbago, strains,
sprains and bruises with Sloan's Liniment.
Get a bottle to-day. At all
Druggists, 25c.?adv.
%
"... I - .
associations, and get their loans i
through these organizations. The 1
local loan associations will improve ]
the credit of their members and re- i
(luce the cost of their loans through J
the performance of certain definite i
services, among which are the follow ]
1ng: The committee called the "loan I
comfittee" of the association wil' i
appraise the property offered as security
anJ approve all applications t
for loans which are sent to the land i
bank. The secretary-treasurer of i
tV.e association will transmit thp pa- i
?)ers and carry on all correspo* dcncc 1
with the land bank relative to the t
loans. The association will guaran- i
tee the mortgages of its members.
the liability of any individual mem- f
ber being limited, however, to an ad- 1
ditional sum equal to the amount of
his capital stock, or approximately
to 5 per cent of his own loan.
One important function of the ncv
system will be to establish safe stand :
ards for the farm-mortgage business <
of the United States; for it is rot pr? 1
posed to extend any credit except oi (
the basis of proper security. In additiin
to the indorsefent of the loc d
association, every loan must ha\c the
approval of one of the salaried ap- j >
praisers appointed by tlie Govern-1 <
ment for the several land ban';o. 1
Further, not more than $10,000 >
may be loaned to one borrower, no) *
I f}/
i !/
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s . - >
^ '".'it' /V- lif j . . ~ ' A??'
kv^ - - ' - v: ;? %
fmm - ' ftfe&fe :a\
I j I
My folks down So
clean and sweet a
you I am just abc
ever made!
Why, the SOVER
every morning, ii
w w/ mf
That's the sort ?
I've got to make
You
You
Next to good bree
claim to your friei
I am gi
If you
your mi
the woi
! ^ roi
"Jt
X
THE HORRY HK&AL
more than 60 per cent of the value of
the land offered as security plus 20
per cent of the value of the buildings;
and the money must be used foi
specified productive purpo:es, such
is the purchase of farm land, improvements,
equipment, fertilizers, o:
live stock, or for the payment of existing
indebtedness.
The Federal Farm Loan Board of
he Treasury Depu trrnnt has general
charge of the system. The De>artment
of Agricul uie will cooperate
with this board in supplying information
and rendering assistance
o the farmers who des'vo to take
ulvantage of the Federal farm Iomi
ict, esp^cally with referent e to the
>rganization of local loan associations.
COLDS&fLaGRIPPE
R or 6 doses 600 will break
tny case of Chills & Fever, Colds
& LaGrippe; it acts on the liver
Detter than Calomel and does not
'iripe or sicken. Price 25c.
Really Fuur.y.
The recent set back in the cottor
market is due, we are told, to the
u'ferlhgs on the market. It is right
unny how people who want to buy
will not give anything1 more than the
seller asks.?Florence Times.
\if ?v\y it
I-:':''''.v-..^:;js?
litffRfo
>:$ . .. . * s%<m*U*h
ttp I# v " '
I : . #?>
' --. . " *" " ' '. ^ ^
v ; >;* v > > i* /**v\ . 'V : ' ' ' ~
SUSSt^;. # li?S
* : / < * ' >" ;
uth keep telling me: "Be
nd pure." And I'll bet
)ut the purest cigarette
i?Trr\T i- J- '
ldutury is ausrea
ist like a lady's parlor,
of home I have. And
good ail the time?in
Folks of the Sou
Folks of the Souti
ding is good dress and g
idship. I can't say more,
laranteed by
don't like me returr
oney back. 1 have said it
Irl lui-. -
m wva t ui III9 ^
a
l THE GENTLE
5
D, OOHWAY, 8. O.
HOME GROWN FEEDS
ARE NECESSARY
Clem son College, *S. C.?The past
year has demonstrated one thing to
the satisfaction of every man in the
state who is engaged in dairy farming,
and that is that he can not hope
for success unless he produces at ,
home all of the roughage needed and
most of the grain feeds. In every ,
instance where farmers have become
discouvaged with the business the
underlying cause has been the lack of
sufficient home-grown feeds. Tc
meet this requirement the following
feed requirement for one cow ha>
teen worked out by the Extension
Division for the information of far
mors during the coming year.
One ton legume hay.
Four tons mangels or silage.
On? ton sorghum.
I 2 acre velvet beans and corn.
1 2 acre rye for winter pasture.
One ac w pt i manent Bermuda pasture.
The nl? -> "ation will furniih suf
ffcient rc>Vi t'ov one cow for one year,
wi'h the exec'"en of 200 pounds cf
cottonseed m'f-! cv soyhran meal
which should ho added to the grain
mixture. The 1-2 acre of velvet
1*^
^v'V. v -;-:- fet&v* r- -,:' r;^--:?:;-':; ^
IB^j *?.? :-.
the /ao/t of me, and
The finest, v/hitest, cl
ever saw. Only the pui
est Virginia and Caroli
there. And when I o
in the daintiest of whit
?don't you know I a
SOVEREIGN?
th KNOW
'i KNOW good toba
ood taste?and I have the
, except?
i me to your dealer <
A O if
n juumern gentleman i
vord, and I have given y<
MAN OP TOE 8
CLt
""" ' "
" ' ' "
beans should furnish at least two
months of winter grazing, besides
700 pounds of velvet beans in the
pod anl 700 pounds of corn and cob
meal to be mixed with the velvet
bean meal and cottonseed or soybean
meal for the grain mixture.
o
NOTICE.
There has taken up at my place
one heifer about 2 or 3 years old,
colored black, red and white, unmarked.
I want owner to pay
charges when he comes.
H. M. KABON,
R. F. D. No. 1, Allen, S. C.
Ian. 15, 1917.
o
NOTICE.
There will be an Educational Rally
Day at Simpson Creek School House
a District No. o9, Saturday Feb.
24th, which will be the closing of
the term.
It is expected that Hon. R. B. Scarborough
will bo present and deliver
an address.
Everybody is invited to come and
bring well filled baskets.
Dinner will be served on the
ground at 11 :M0 o'clock. Exercises to
begin immediately afterwards.
Walter P. Gore,
Mrs. J. I). Sin$\!otr? y,
TEACHGKS.
r is a
(v O wtll v ^i. (w) 'aW ^
? '
If S!'> :
f . I., Sj ' ' M
i ?V".
'- .-V.vV "V-''y
. V"
: ; and pure - ^
the smoke of me
eanest home you
rest, sweetest, rich
ina tobacco enters
ome out wrannpH
? * ?- ? 1
te imported paper !
m proud to be a
oodl
?>
cco/
m all. That's my
I
I
i
Buy me. j
and get
8 known
>u mine.
netted
OUTH
?
__ THESE !*
{HOOVER DISCREDITS
RERNE RUMORS
American Belgian Relief Workers
Reported Prisoners
of Germans.
Washington.?Reports from Berne
that American relief workers in Belgium
are held prisoners by the German
military authorities were dis?reditu!
here today by Herbert C.
C. Hoover, chairman of the American
relief commission.
Mr. Hoover said he expected no
difficulty in the departure of the
Americans from Belgium into Holland
and hoped they all would be out
within a week. There are 4(5 American
relief workers in Belgium.
Mr. Hoover was in Washington today
consulting with State Depart]
ment officials on the best way to rei
construct the relief work which the
(German military authorities have
forced the Americans to give up. It
j is very difficult to work this out,
Mr. Hoover says, bccr.usc no otvor
' ad .a lias the trained workers.
Joir.t Co at mission Proposed.
K is hoped, however, that iodt
' O
: international Dutch and Spanish
omniission may take O" < r the relief
with the work largely directed to
Dutch army officers, although guar,
ntted by the two governments. The
V nch have a si:;plus of tats aval
voj> tailor which could be carried in
to Belgium. The Netherlands, howj
vcr. is o short of cereals that sense
| \ v.1' miiiicn cattle, on which they cla<
,.d f tuft v and chocs \ will he in
| i bad plight unless sailings (f . hips
....? .... . . .. i
I on ? V..HDI Cti.
Mr. Hoover believes that Bob.hint
. ill em : go from the war in bettor
condition economically than any of
.10 European neutiuls. provided it is
not destroyed by fighting. 11c est'..nates
that tie Belgian per capita
debt will be about $1T>0. Moreover
it. is orti. nted that there is over
8100,000 000 due to Belgium in cent;.k>ss
and interest from wutGde eottutiies.
Belgian industry wh^e parti:.lly
dismantled by the Germans
and eonr.ideiably slowed up by the
lo: s of all foreign Dado, is enr.ectcd
to revive quickly after peace comes.
Mr. Hoaxer estimetes that supplies
.io\v in Belgium will last about six
wool;.;.
o
ANOTHER LOAN TO TURKEY
Germany Lets Ottoman Empire Have
42,'iGO 000 Bounds.
London.?Germany has made a
new loan to Turkey of 42,500,000
Turkish pounds, according to a Renter
dispatch from Amsterdam, quoting
a Constantinople dispatch printid
in the Gorman newspapers. A bill
authorizing accepting of the loan
was introduced in the Turkish Senate
on Tuesday. Djavid Bey, minister
of finance, in discussing the
bill, said that since the outbreak of
j the war Germany and Austria-Hungnry
had advanced to Turkey 79,1000,000
pounds, payable eleven years
I after peare is declared.
Djavid Bey said that his visit* tr?
I>t i*liii had convinced hi 111 that Germany
would do everything1 possible
to facilitate Turkey's payment of her
debts and was ready, apart from the
advances already made, to give the
money necessary for reorganization
after the war. The minister declared
that if these hopes were realized and
10(1,000,000 to 150,000,00o pounds
was secured to be spent in agriculture,
railway building and roads Turkey
would be able in ten years to
cover her ordinary expenditure and
interest on national debts as well as
debts contracted during the war.
The bill authorizing acceptance of
the loan also authorized the issue of
32.000,000 pounds in bank notes.
Djavid Boy stated that these bank
notes were not paper money, but
would be cashed by Germany in gold,
lie expressed surprise that these
notes were decreasing in value and
that the public was giving three
pounds in paper for one pound in
gold.
o
To Cure a Cold In One Day
Tnke LAXATICT! nKOMO Quinine. It stops the
Cough and Headache and works off the Cold.
Dru^gi^ts refund money if it fails to cure.
U. W. GKOVli'S signature on each bo*. ?5c.
TRESPASS NOTICE.
All persons are hereby forbidden
to enter or trespass upon our lands
in Simpson Creek twonship, known
as the Round Swamp lands, under
penalty of the law.
N. E. HARDWICKE.
H. H. WOODWARD.