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Show FIRST AID GIVEN TO THE FARMER Tho turning wheel of time brings us Into the propitious era of spring . tho season when every farmer takes thorough Inventory of land anil' stock, equipment and possibilities. Tho planning and planting this year will be ot such vital importance as to bo noteworthy in history; for th? farmers ot Amr i havo been accorded ac-corded a glorious privilcgo they arc destined to become tho feeders of tho world t iTo them is given tho real surgery of repairing and building up ot the mutilated tissues of a torn and suffering suf-fering humanity. Upon tho magnificent magnifi-cent brawn and breadth of tholr shoulders rostB the rebuilding of the races ravaged and desolatod by famine fam-ine A wlso and benlgncd government with eyes unbllnded by the foe afield saw this great fact at once; tho situation sit-uation was thoroughly rovlowed with tho result that tho Federal Farm Loan Act was formerly passed by Congress, Juno 28, 1916, and was signed by President Wilson twonty days lutcr, becoming u law Immediately. Immedi-ately. Tho establishment of land banks was tho next Btep. This occurred In March, 1917. During tho same , month the first Farm Loan Association Associ-ation wore chartered and tho first loans authorised. These associations are really organizations or-ganizations of 'borrowers. Through them application Is mado for loans to the nearest federal bank. These local lo-cal co-operatlvo units comprise the most important feature of the entire en-tire federal farm' loan system because thoy represent tho intermediary tho go between tho direct and immediate im-mediate channel of assistance to the farmer. ' Tho. Farmers & Merchants Savings Bank, which has been Instrumental hitherto in assisting farmers to secure se-cure money at a lowor rato ot interest, in-terest, has come to tho fore again with a newly V ncd, specially equipped equip-ped department for the purpose ot conducting farm loans via a Federal Land Bank. Of the twelvo banks of this character char-acter located In various parts of tho country, tho ono in Berkeley Is tho nearest and most convenient to our local requirements. Tho Federal Farm Loan Board, of which Mr. McAdoo, Secretary of the Treasury, is the chairman, supervises sup-ervises tho entire system. Like tho othor eleven banks, tho ono in Berkeley Berk-eley makes loans and Issues bonds or the written acknowledgment of debts to the Investors. The prime purpose of tho Federal Farm Loan Act Is to lower and to equalize Interest rates on first mort-gago mort-gago farm loans; to provide long torm loans with tho privileges of repayment re-payment In the Installments, through a long or short period ot years, at tho borrower's option; to bring together to-gether tho farm credits of tho nation; na-tion; as scculty for money loaned out In farm developments. It is also calculated to stimulate co-oporatlon among farmers, to maks the acquirement of land for tho landless land-less an easy procedure and to pro-vldo pro-vldo safe and profitable long term Investments for tho thrifty. |
