Salt Lake Telegram | 1929-12-29 | Page 20 | [Illegible] True,' Says Farm Loan Man of Old Notion

I I w MAN f OlD f. f t l' l Lo Loaned ned Not Notto to Outs and w arid n-arid Outa but to to and d Looking i Farmers r r lort that tote the cl chief ct iA 9 ular r i. i ton or BI ac mortgage e company iy la is lato J monc to people who arc h b uv hind people who sro arc In who sho arc borrow borrow- ft or r people lic ho tov r v thel from m u ly a Q conception Iii to to Leo I o Miller filler r r o of the farm tarm loan business ss ssIe to Ie firm ot oI Miller ier farm loan loat man urto to o Mr Miller lends money the tho hc farmer farmer In order that rog p i tho f Oking o er back o cr t 1 t J operated in tn Utah Utah In tho the farm taim mortgage business sll W-s W Mr ri I 1 oon can remember dl distinctly Wn t who l y started d on on the the rho r road to U Hy by borrow borro f 1 f om our firm Irni Some Somo otI of ot j I borrowed to io buy sheep others Uy iv cattle A others to buy UY moro mono rJ to buy bray additional water therl d vh Jl Jt cornea to up ln Inc communities hero in Utah UL Id Idaho ho and ond tho ad adjoining Inter Inter- aWn nUin states the farm arm loan c com com- rn- rn haS t Ia ed an Import Important nl P t ti tiTor For Tor It is tho thol cr 8 l of ot ft bond Issues or loam such loans such own bi by b- bur our ur company r J. J of the development dc the tn niad made lion ditches said and of or ti water l' l n. n particularly rl l lUtO i h rho A cays S Cording to- to Mr Miller 1 there thero rare aie rarey y and hd com com- in Utah and and Id Idaho ho th that t. t starving out a a. hard existence t. t U a stoup up of ot nur farmers m ed eda a r to build a a. reservoir reser and Perr perio per- per s io a ater S ht rS fecal on one show shove ly lp how V a bit hit of oC mone mOney lent at right time made possible the theat at ai of or ortI a tI group o of oC courageous he le sa b. b e era UP Ul in Idaho says s. se e t farmers had bc been n operating land Hand under dry front furni con condi- condi t. t were er all the tho he while work work- on a i L to bring g water to tolf They had spent ten lf farms ns 9 lI Ain In 1 constructing 3 a ditch b by byM hard labor Jabor We e M na of t their own them money to build bund tho dam chin rieta leto Iet tho rho headwork to build es es and to employ a capable en- en r to finish the Job and put the theT T Uon on the land And he cond con con- d 4 thc the f fn 1st e J. J this in operation op the system sv tem v aS a'S eung farmers who tad had planned project leaped reaped crops ot of ovet ver a a. ater ter of or a a. million dollars tho firm finished nd then our the he added by mak making ing these and ditch their sera leIS a a. loan on Irrigation system so BO that they could complete the work We Ve ha have I C c never handled any of ot ditch pr for tor promoter promo promo- promo promo- tc ter hit Mr Miller wo have JJR lo loaned ned only to tho the farmer of or a water ater ater rights for c completing their ditches or for tor building storage reservoirs reservoirs reservoirs reser reser- to complete their systems ary to what ml might ht be ex expected ex- ex Ve- Ve ted Mr Miller MilicI says sars sa h his firm has never lost Jost A lI dollar r on on such uch a. a loan or never ne had to enforce a collection and gener generally lIy speaking tho farmers paid off of the bonds before be be- fore torB maturity So jou Sou ou see in operating a business business busi busi- ne ness es like guts tays sas lit Mr Ir Miller with a a. smile mlle ae vc we o ha not only h helped the individual 1 farmer b by making Individual loans to help him progress but out we Wei have helped many groups of ambitious farmers to complete completo com com- pleto projects which ha hati have e made made- made made- and ass are making this great mountain region r sl n a a. section o of happy happ prosperous communities com