Salt Lake Herald-Republican | 1918-05-25 | Page 6 | Almost Billion Loaned to Farmers

ALMOST BILLION LOANED TO F FARMERS By Associated Press Preas WASHINGTON Ma May 24 The Tho Tho twelve federal land banks established under the farm loan act have o made mado loans to farmers farmers farm farm- ers to the amount of according ac according ac- ac cording to a statement of or conditions for or April 30 30 1918 issued today by hy the th farm loan board This date marks practically the tho close of ot tho the first years year's business The capital stock of the banks has in increased increased In- In creased from and farm loan bonds to the amount of or 83 have been issued The Tho banks banks' excess of ot expenses cs and interest charges over ovel earnings amounted to which is about 3 1 per cent of or tho the capital JOHNSON SUCCEEDS POST By Ely y Associated Press Pren NEW v gW YORK YORT Mayy MaY 21 Alba I Alba n B. B Johnson Johnson Johnson John John- son of or Philadelphia president of or the tho Baldwin Baldwin Bald Bald- win Locomotive Vs ones was today elected elected elected elect elect- ed president of or the Railway Business association to succeed George A. A Post of or New York who has been head of or the tho association since Its formation in 1908 1908 OPPOSE PREMATURE PEACE By Associated d Press Preas COLUMBUS 0 O. Ma May 24 The The general assembly of or the Presbyterian church in inthe inthe the United States of or America today I Ithe adopted adopter resolutions urging against a prematurely prematurely pre pro maturely negotiated peace and urging a continuance of or the war until a a. decisive victory is won Following this action the tho commissioners stood with bared h heads a aI I for a n moment of or silent prayer