Show I RURAL U Al CREDIT BIllS fOR F FARM A M LANDS INTRODUCED Me Measure aure Would Enable Agri Agri- Agriculturists culturists to Make Long Term Loans Loam w WASHINGTON ASHl Jan Tan 23 29 Administration ra- ra tion rural rumi cr credit bills were Introduced simultaneously in the senate senat and house today b by Senator Flet Fletcher her of Florida and Representative Moss of or Indiana members of the committee e President Wilson sent abroad last summer to stud study the foreign systems The Tho bills bUls today were for lonK ong term farm loans Ems Bills for short term tenn loans will b be introduced later lator Tho The introduction tion was a a. sequel to yesterdays yesterday's conference conference conference confer confer- ence at the White House Houle S Any group of farmer farmers within a a. state mIght operative co-operative farm land banks with power to issue bonds to raise raille funds from distant money markets for farm development Operations of the Individual banks would be confined within state lines Unes though supervision will be beI I federal owing to the tho variety arlet of state laws bearing on land titles title taxation foreclosure and like subjects Tey would be strictly prohibited from doing a elt city business Loans to farmers might not exceed SO 50 SOper O Oper per cent nt of the value of ot Improved land nor extend more than thirty five years No institution could begin business without without without with with- out a a. foundation capital and double liability lia Ua- ha- ha bUlt provided Iro for national banks The report submitted with the tho bill was drafted by by- Senator Benator Fletcher chairman Senator Gore Representative Moss MOBs of ot In Indiana Indiana In- In diana Dr John Loe Coulter of Minnesota Minne Minne- sota Ota the census bureau and other members of ot tho the rural credit com corn mission |