The Laurens advertiser. (Laurens, S.C.) 1885-1973, January 24, 1917, Image 3
* * . ** * * * . * * very much interested in how to form c
,loan associations, I am herewith giv- t
FOIING LOAN ASSOCIATIONS. *ing you information as to how to get .
* "" "** ***,, * loanfromthe LandBanksunderthe t
Federal Loan Act.
Editor Laurens Advertiser: The right to borrow under the farm n
I am enclosing you letter which I loan act Is limited to farmers and e
have written to several farmers in prospective farmers. Farmers and r
my district, who have written me for prospective farmers who wish to bor- t
information about the Federal Land row, group themselves. into farm loan
Banks. I think this letter fully ex- associations, each association starting
plains the necessary steps to be taken with a minimum of at least $20,000 of I
in the matter, and believe it will be of loans, and each association being coin
benefit to your subscribers if you posed of ten or more farers. To <
would publish same. join, a farmer makes alication to
Thanking you in advance for your the secretary-treasurer of the loanI
courtesy in this matter, I am association in his commusity. If none
Sincerely yours, has been organized, he should get to
Sam J. Nichols. gether the required number of bor
Washington, D. C., rowers and organize an association.
Jan. 19, 1917. The Federal Farm Loan Board at
Congressmoan Nicholls' Letter. aashington will furnish o g a)Plica
The farmers of my district being tion a blank form of articles of asso
ISWIIAT YOU:}
WILL HAVE
If YOU -JOIN OURA
CHRISTMAS
I3ANK1NO
" C U " '/,
Come in, ask about it and get a "Christmas
Banking club" Bank Book FREE and join the club.
By depositing 10 cents and increasing your weekly
deposit each week, you will have $12.0 in 50
weeks. o.
Help your CHILDREN to join. It will t ch
them to SAVE and PROSPER.
In 50 weeks.
1w-cent club pays $ 12.5
2-cent club pays $ 25.60
5-cent club pays $63 75
10-cent club pays $127.50
You can put in $1.00 or $2.00 or $5.00 each
week and in 50 weeks, have $50 or $100 or $250.
We add 4 per cent. interestb
You can start TODAY---START.
The Enterprise National Bank
N. B. DIAL, President C. H. ROPER, Cashier
Bn inub"rane Noo matte and join he ub
By de oomtin s ctlad youcansng your wel
deposi fechtweek and il have$127.he0cin50
efore youLreNad to dres. I iltc
For5 w aratromks.z bek
fastroom oru ay comortbl.liin
room eat club payd of th 25.'60 rk
get-ten efction pasS637
weekandein,5 handsom, hae. 5exor$10e o.20
beuy, 4npenicento nte.skt.go
Youpamnt stre, haDAre-STAurnTur
N.B. Desder tC .RPR ahe
Soladin Ceomr Olfortrels
SmklsANDAR Heate CMPANYofr
insurance. N maersi te )d
Perfection, dc t hawsot the C ill
Forraoar Vat hr~o, a. coyVak
C Renhndm, du. hrlest .. Inexpensivet
bu, nei~nsvetous. skan>go
dearmet toehadwreorfuniur
lation for such organizations. *Then c
tie organizers meet and adopt these '1
rticles and sign them, and the secre
ary-treasurer makes affidavit thereto. t
'he association then elects five or
sore directors and the directors then
let a president, vice-president, see- t
'otary-treasurer, and a loan commit- c
cc of three members. As soon as the
'edoral land Bank of that district is
eady for business, it will provide this
ocal association with additional
flanks, including an application for
harter and blanks for the loan con
nittee to use in the work of appraising
.he farm.
As soon as the land committee is
lected it may poceed to appraise the
farms upon which mortgages are to be
placed. Its report, which must be
unanimous, must accompany the sign
ed articles of association and be tiled
with the Federal Land Bank of that
district. When this is done, the ap
praiser of the Federal Land Bank will
come to inspect the security offered
and accept or reject the report of the
loan committee. No one farmer may
borrow more than $10,000 nor less
than $100. No national farm loan as
sociation may start with aggregate
loans less than $20,000. If John Smith,
a farmer, desires to borrow $2,000 he
invests in the stock of his local loan
association, one-twentieth of his
amount or $100.
His association then invests this
money in the stock of the Federal
Land Bank, enabling it thus to in
crease its capital so as to make an
other loan of $2,000 to some other
farmer. The borrower gets his in
vestment back when he pays off his
loan, or he may turn it in as the last
payment on his loan. Farmers are re
quired to form these organizations so
that they will eventually control the
Federal Land Banks. Each loan as
sociation votes in the election of the
directors of its Federal Land Bank,
and each association has a loan com
mittee Which values the land of its
members subject to the approval of the
land bank appraiser and the Federal
Land Bank. Each association has a
board of directors which has the pow
er to exclude or admit new members
by a two-thirds vote. It is through
this local loan association that the
farmer invests the money to be used
for increasing the capital stock of the
Federal Land Bank, and this is how
the farmer comes into possession of
his own banking system.
Farmers are permitted to borrow up
to 30 per cent of the appraised value
of their land and .20 per cent of the
permanent insured improvements
thereon.
It is not necessary for a borrower
to be an actual land owner when he
joins, but the landless man must use
the borrowed money to purchase land
which lie intends to immediately begin
farming.
/ I believe that the first bond issue
under the law will be at -1 1-2 per
E RFA TON
OKELE HEATERS
ent. That will get the money to the
armor at 5 per cent. I hope later
it that the bill will be amended so as
o even lessen this rate of interest.
There is no question that this is one
of the greatest pieces of legislation
hat has ever been enacted by Con
ress for the benefit of the farmers,
md I certainly hope that a great many
f my constituents will take advan
age of the provisions of the law.
IHoping that the information con
ained in this letter will be of service
:o you, and assuring you that it will
live me pleasure to answer any other
iuestions which you make relative to
this matter, I am, with kindest person
il regards.
Sincerely your friend,
Sam. J. Nicholls.
GISLS! HAVE A MASS
OF BEAUTIFUL HAIR,
SOFT, GLOSSY, WAVY
2-cent botie destroys dandruff and
doubles beauty of your hair.
Within ten minutes after an appli
cation of Danderine you can not find a
single trace of dandruff or falling hair
and your scalp will not itch but what
will please you most will be after a
few week's use, when you see new
hair, fine and downy at first--yes-but
really new hair-growing all over the
seal p1.
A little 1)anderine immediately dou
bles the beauty of tour hair. No differ
ence how dull, faded, brittle and scrag
gy, just moisten a cloth with Dander
inc and carefully draw it through your
hair, taking one small s i9dnd at a
Lice. The effect 's amazing---your halir
will he light, fluf y and .vy, and have
an appearance ( f al itance; an in
comparable lustije, ottness and luxu
riance.
(et a 25-cent bottle of Knowlton's
I) anuderile Irom1 any drug store or
toilet counter, and prove that your hair
is as pretty and soft as alny-that it
ha, b(een1 neglected or iiniured by care
less Ireatment---that's all--you surely
can Lave beautiful hair and lots of it
if you will just try a little )anderine.
* * * * * * * * * * * * * * *
* *
* Wadsworth School Honor toll. *
* *
* * * * * * * * * * * * * * *
First Grade-Joe Workman.
Second Grade-Louise Buford.
Fourth Grade-Mildred Workman,
Lois Workman.
Fifth Grade-Agnes Davis, Ruth
Workman.
Sixth Grade-Carrie Bell Workman,
Agnes Young, 3Marian Workman.
Eighth Grade-Charles Williams,
Ace Workman.
Soon Over His Cold.
Everyone speaks well or Chamber
lain's Cough Remedy after having used
it. Mrs. George Lewis, Pittsfield, N.
Y., has this to say regarding it: "Last
winter my little boy, live years old,
was sick with a cold for two or three
weeks. I doctored him and used va
rious cough medicines but nothing did
him much good until I began using
Chamberlain's Cough Remedy, lie then
improved rapidly and in a few days
was over his cold."
OEI3IAN SEA RAIDER
I NSOUTII ATLANTIC
Hieported Fifteen Enemy and Neutral
Ships Carrying Contraband Either
~mnk or Capturedl.
Rio Janeiro, .Jan. 17.-A German
r'aider' for' the last month has been
sinking vessels of the Entente Allied
powers in the South Atlantic. Latest
.reports fix the number at fifteen. Sur
vivors of the destroyed vessels to th<
number of 337 have been landed al
, ernambluico and the fate of nearl3
450 men is still unknown.
The first offieial statements give)
out here regarding thte raider were t<
the effect that seven vessels had beer
stink and nine captured. In a com
miunication to the tmitister of ma
rlne, the captain of the port of Per
nambuco dtechated that he had learn
ed the raider hadh also sunk eight. o
the vessels which were at fIrst report
ed merely captutred. Their crews
the -fate of whlich Is not known. numt
It is irepor ted t ha It lie traider iplace
these crews on board the lrt is
steamer Yarrowdale, which then Prc
ceeded for port. it is t herefore he
hieved that they will he safely land'
within a day or two.
Anhot hr repiiort has 1been recetved I
the effect. that the St. Theodore ha
heeni triantsfotmed inito a ra ier.
The chambi er (of coinimet'e anid COt
sitlIates at P et'nambuctto areI devo~(t in
stihipwreeked (irews. There is no cot
frmia tion whbatIever of thle all'eged 1o
oforhuntidred lives.
MUST AC
For Sprains, Lameness,
Sores, Cuts, Rheupnatism
Penetrate an 'Heals.
Stops Pai t Once
FrMan d Beast
2c. 50c.$i. t All Dealers.
LINIMENi
.memo T
Five Pounds of
Nunnally's Candy
FREE
Each Saturday night at 7:30 for the
next three Saturdays we will give
away five pounds of Nunnally's Can
dy---the supreme candy.
With each cash purchase of
25 cents you will be given a
chance at this box of candy.
REMEMBER The day and the
hour set for giving
away the candy has been changed to
Saturday at 7:30 p. m. You must be
present at the time of the drawing in
order to win this prize.
POWt DRUG CO.
ADVANCE ANNOUNCEMENT
Four Mammoth Productions
VcOMING.
TO
THE IDLE HOUR
"THE FALL OF A lNATION"
''THE CHRISTIAN''
"THE NE'ER-DO-WELL"
''GOD'S COUNTRY AND
THE WOMAN''
Dates to be Announced Later
Block Tickets and Reserved Seats Sold to
All Four Attractions
ADULTS $1.25' CHILDREN 75c
SINGLE ADMISSIONS HIGHER
WANTED---Agents in adjoining
towns to sell tickets on commis
sion. Write for particulars today.
For further information as to literature and dates,
watch for advertising campaign or write us. We
will send literature by mail on request.
IDLE HOUR THEATRE
LAURENS, S. C.