| Show I LOAN IRAN ASKED BY fir PAn FARMERS fEIS Officials of the farm tarm loan board announced that more than farmers have applied for mortgage loans aggregating approximately or more seventeen times the amount of money which will be Immediately available for tor loans upon the organization of the twelve farm loan banks Most ost of the applications have come from frODl the south and west They still continue con to come In by hundreds every ev eVe ery cry day Requests for application blanks contemplating requests for loans to 2000 farmers have come from Iowa alone Although the location of ot the banks probably will vill not be announced before before be be- fore foro December 20 It was said today that almost immediately after or the banks would find it necessary to issue bonds for virtual ly y their entire capital stock to meet the he demands of borrowers The rate of interest on bonds is a subject now engaging the boards board's at at- ten ton It Is thought that It will not ex 5 per cent and may not exceed 1 2 2 1 pe per percent cent o |
