Show I I I LOAN BOARD MAKES LAND OWNERS Of TENANTS Man Who Holds Title Always Al- Al Become Become Be Be- ways v Reluctant to come ome Radical By George George George-B. B B. Waters N N. N E A. A Washington Bureau WASHINGTON Feb Feb 25 The The man who has a fee simple title to land If ia is for the government for the tile institutions for the nag Hag and agal against st those who would disrupt organized society Recognizing I I these f facts th the tha farm a loan b board JO Is seeking kI Ces to make mae e the h tenant e t ta farmer mer the home owner How It Is la succeeding succeeding suc suc- Is shown by statistics compiled for tor October showing that during that month there were landless borrowers borrow borrow- ers that after they became borrowers i amount they Kute became borrowed owners was vas s of land land- S 5 that the theAt At this rate the tho federal land ban banks s would be creating 1395 farm arm home owners a year vear or about in a decade and anil each ten years ears there would be loan loaned d to former formet landless people more than The land represented as security se security security se- se would be worth For the month an average of about 16 per cent of at all loans made by bj the twelve ban Panics banks Its were to landless tarm farmers rs Man fan Many of ot these thes farmers had been tenants all their lives the soil soli they were trying to work was exhausted and the Improvements Improvements' wh the they been become became me were run down Hut But when n proprietors they tool took a A. new lease on life ife life started to fertilize the tho land and their hope of ot reward was a greater The plan Is to find fine men who are wl will- ing to sell land and to explain t to tenants how they can buy on time long payments Instead of ot dividing their crops Members of the farm tarm loan board say the plan is a success The federal lan land bank loans 50 per cent of ot the value of the land and takes a first mortgage the owner of ot the theland theland theland land takes a second mortgage and the bank dictates the terms term of ot it writing one that gives the borrower a long time in which to pay and one that cannot be foreclosed foreclosed at the will wl of ot the holder 0 |