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Show ' FEDERAL FARM LOAN TROUBLES. There is in this country an institution known as the Federal Farm Loan bank promulgated for the purpose of giving long-term long-term loans to the farmers at small interest for the purpose of improving the farms and increasing the farm productions of the country. The idea is a good one and if it becomes unquestionably unquestion-ably effective will mean much to the American fanner. It is just what the farmers need and it is a recognition to which they are justly entitled, but there are those in this great country who do not wish that the fanners should receive such benefits. Not because they dislike the farmers or that they wish them any hard luck, but for the simple reason that this benefit to the farmers prevents some other interests from getting big returns on their loans. . 1 : , , There is a class of bankers that for years have been reaping reap-ing rich harvests from making loans to the farmers, and if the farmers can secure their loans on long terms and at low interest rates from the government these fellows will lose their ill-gotten .... gains along this line, and therefore they are fighting it Thcj have not only been talking against it and using all kinds of propaganda propa-ganda against it, but they have taken it into court to contest the constitutionality of the law. The case is now before the supreme court of the United States and there are a great many fanners right now who are waiting for a favorable decision in order that their loans might be granted. The banks are bitterly opposed to the federal farm loan and if they can destroy it they will do so. The case will most likely be decided favorable to the farmers, but if it is not a similar institution will be established because its use and practicability are already recognized and the various fanning organizations of the country will not be idle until they secure their unquestioned rights along this line. The federal farm loan bank is a benefit . to the farmer and the public and should receive universal approval ap-proval from all interests that favor the general improvement of ,-the country. , |
