Show mS 1 UNDER FARM BANKING ACT HELD UP H t tion ion Is Taken Pending D Decision 0 of f U U. S S. S Supreme S Su- Su uI u- u preme Court I I IN INGTON TON Feb 4 Pending Pending a aon a on n bY the supreme c court rt of ot t the thed e ed d States on the constitutionality t farm fann Joan oan act all fut future rG applies es 15 for loans from federal farm banks banki will wilt be held In abeyance LL an Commissioner Norris an- an ed cd The policy of the board to temporarily the making of does not afe affect t loans Joans for which already are Inthe the hands of Ilan an representatives however said adding that s such ch would be b completed under g in effect since the vas vas' created dials fals l ls explained the adoption of ot ew e policy as having g been due toIre to to- Ire rmon oh the part of the farm loan rot not ot to defeat the plans of in- in ial borrowers if in any event cannot cannot be made It If such act was ws's i appU applications forr for r necessarily could no longer be red TOWERS MUST BE TOLD issuing ing the general instructions stock and arid Tarn farm actual closing of further Ith board advised them that borrowers must musi be he in- in dl t. t the possibility which cenIn cen cen- J In the he legal decision as a meas- meas to them Dorris announced the pla plans of oard's decision in the following nent t I Iview Ii view eW of the recess of ot th the tha su- su su- su court couTt o the United ted Sta States e w which des any before of a decision in the suit In- In ig Sf the ic constitutionality of the loan act with the possibility that may not hot be announced un- un un- un later liter date the farm 10 loan 1 bo board rd 1 the federal land and banks bans bansept ept f future ture applications for loans a to delay in closing SUSTAINED embanks ib ks secure funds by the the sale of ot farm loan Joan and the bo board rd deems it unwise e these bonds at a a. time when or ors ors may hesitate to purchase se seb b because of the Q of legal dings The de decision of the district t court sustained of the act An taken to the supreme court was argued January 6 6 6 fc |