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Show "He is not interested in our new amortized loans, for he amor- tizes according to his own scale." It is reasonable to assume that this man is not worrying much' about the success or failure of ' the; McNary-Haugen measure. - A complicated system of amortizing a loan didn't interest him as he was doing his own amortizing. In like manner he would not be in-j terested in a complicated system of handling crop surpluses for he apparently plans to avoid troubles on this line by detour. It is not possible for all farmers to emulate this one or som!e other of a, different type.- The suggestion in the success lof this man is that relief may be found where it is needed more quickly by overhauling operating programs than it will be found through wait- ing for CongTess to do something. Council Bluffs Nonpareil. 4 SOME FARMER? A local farm mortgage concern tells a Nonpareil representative that he has a rather unusual individual loan record. "On May 1, 1925," the loan man writes, "we fade through our local agent, the banker, a loan of $17,000 on 200 acres of land in Sac Count?, Iowa, all of which is not at all unusual. On May 1, 1926, the unusual un-usual part of part of this program began. . In that date he paid the interest and $3,000 on the principal. On May I, 1927. he paid the interest and $4,500 on the principal. On April 24 this year he paid the interest and $3,000 more on the principal." By way of information on the subject the local banker through which this fan negotiated his loan through whom he remits to the mortgage banker explains: . '. "This man farms 200 acres, and has made this money off the land with the aid of a good herd of Guernseys, and selling ,anything he had where there was a chance of makil lg some money. v "It is remarkable how much money one farmer can n'ake and pay off while his neighbor with land of the same quality 'and other things equal has a hard time paying his interest- This' man will perhaps not make so substantial a payment next year as he has had to buy a new car and a new truck tbia month, but with fair prices I look for him to' pay off $2,500 to $3 ,000 nepet year at that; ' |