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Show FARM LOAN ACT IS CLEARLY EXPLAINED Dr. Thomas of the U. A. ( Tells Farmers Hew They Maj Uae It. The principles of the Pederi I I irn Loan Act were recently explained foi the farmers and busim at thi Utah Agricultural College Round-U by Dr. George Thome. . dl toi of thi -'hoed of Commerce and R i Vdminlstration at the College, Dr Thomas stated that the Idea underly Ing the pri ' ' lope'' in Germany when, at the close of th' Seven Years: War, tl German farm-era farm-era found themselves Impoverished They then formed co-operativi bot rowing association! that irad money by B 1 1 i n i - the Bi I ' lot 'ionds. Tie idea I ' all ovei Europe. The United SI ' provi ' the establishment of twelve federal bank may hi' il rlbcd by indh Idu als, farm loan . by th' government, in case any of thi I remains unsul The overn- ment ha-, appropriated 9,l 00,1 0 ' -d to buy whal lock is not laker by indh iduala or fa. m loan a o 'is In '1 dor to k ep the i ontrol of th se bank oul of I h class, it b;.s been provided that indi-viduala indi-viduala ow nina gto k may reci Ive dividends, div-idends, but they may not vote their stock. The Government may vote it;; itock, but it may not receive divide divi-de nds. Wherever ten oi sire to male uae of the Farm Loan Act, they may do Q by forming a Farm Loan Association Iv n member mem-ber of the .. : ition, with tl ' i Keep-tion Keep-tion of thi i 'try and treasurer, must be a borrOV I f rmers can borrow monej foi I II u pu poses from the I Long time, loans -ill be mwi at a low rStS of IntST! -I on un m;y pay-aieat pay-aieat plaa. |