Show approves more U S farm fann loans I 1 74 enactment into ala W i af pf the lenroot rural credits bill as passed bytho by tho senate will mean an of the activities of the present farm loan system into a now new field tile not interfere Inter fero I 1 16 tiny way with tile tho farm mortgage mort gago business of present 12 federal land banks or tho 67 joint stock land hanks banks but will establish as an adjunct to the 12 federal land banks pew farm credit agencies dealing ln in so called personal credits loans discounts an ami dehen deben tures pt the new agencies which are designated as farm fann credits depart rodents of tile tha land banks will bo be ansei on war warehouse chouse receipts live stock or oi agricultural security other than carml farm land the loans of the present land and the joint stock land banks aro are baledon ba based sedon on land mortgages and uro tire do dl signed to help tenant farmers purchase their farms the new agencies are intended to old aid in financing tile production und and marketing of cr crops and tile fattening and marketing of 11 live ve 1 stock the present 12 federal land banks banka aro are co operative institutions tho the bori bor i rowers having grad milly acquired stock originally subscribed by tile the government ern orn ment tho the original stock of each bank was the present caal of the 12 banks Is of which only about til is still hold held by tile government under the lenroot bill tile government will subscribe an initial capital of for a new farm credits department in each of the 12 bunks banks tile the total government capital for the 12 may inny run min to |