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Show O : I Dollars Mobilized and Put to Work on Farms I By WILLIAM H. JOYCE President Association of Pacific Coast Joint 8tock Land Banks and Recently Re-cently Member Federal Farm Loan Board. SAX FRANCISCO. Au. I. Mobilizing Mobil-izing dollars and sending them out to work on the f.irm! That, In a sentence. Is th" Job under- , years to Tpuy the loan, under the ; amortization plan which collects grad-, grad-, ually from the earnings of the Hnd. j 4. Hp will have aiipervlaion of the Irovernmrnt Federal Farm .Loan board. 5. If already on the land, he will 'he able to liquidate existing indehted- m aa. It is not for the farmer alone that I thia undertaking is launched. Hy developing farms and awlstlng new I aettlomenlF. the business of mr-' mr-' chants, railroads, bankers and others j will grow. Back of the project la a .general development program. I Hy coordinating problems as well aa 7 finmnrrm t swan4wir -ae fa sa aaixL-; aaixL-; cu! '.ural affairs are concerned, the tjrtJnn fliers is strength" slogan Is .certain to show commercial n-ftulta. I A Joint stock land bank does not t take part In transaction auch a are (commonly associated with commercial ! banking. Ia huelne la solely to t round up the Idle doli.ira and send J them to the farmers, j Kurm conditions have vitally , changed. The early s ttler needed little capital or experience; land waa cheap. Today. If we are to Increase land settlement, proper equipment and, business methods must enter Into the deal. t'nder government supervision definite defi-nite interest rate are eatabllshed; amount of loans gaged an1 other safeguarding safe-guarding proceses required. I This undertaking la simply a modern mod-ern cooperative way of making capital capi-tal In large quantities available to the farmer an easily as to any other kind of essential business). taken by the flrft chain of Joint atock land banks to Le organised in the United States. The system la designated to mnke l.ind aettlement less difficult and bring about aa rapidly as possible the beat and fullest use of farm land. u - Wirtr rh-e- utr grewr rTswrew cultural states California, Anxona. I'tah. Oregon. Waahlnrton and I laho -linked cooperatively In a program of development, tha hua!nea exnanton and general prosperity that mill re suit readily can be Been.. Thla Is what has been done: Vine banks, with resources close to $r.00.-OoO.OOO $r.00.-OoO.OOO are linked In a farm land loan ichaln with lli.500.00o Immed'ately available to the farmers of theae states. While Joint atock land banks are no particular novelty, such a Jnlnt j financial pool is something new. What doe this mean to the farmer? Briefly that: 1. He will he aesieted In the settlement set-tlement of new lands. Such land development de-velopment promotion long since has become a national cry. t. He will b provided with funds for purchase of land, equipment, livestock, live-stock, buildings and Improvements. S. H will have a long term of |