Show NEWS IETTER FROM FEDERAL LAND BANK Derke lei january esth with the asila assignment ament of appraisers to various national farm farin loan associations tn lit california nevada arizona rl zolla I 1 mul utah today tile alio federal land dank of Ber berkeley kelcy began tile work of tho the new year which lg Is expected to bring tho the bank a of a million tb dollars ullars a month according to secretary A W drick during the closing of 1917 ali alio bank attained a pace closely approaching tile million dollar anark lit in loans having been c closed lit in november and lu ili december sald gald wo expect a great influx of aepli fitos fat liina will t tho he next few weeks we have information in for mat ion that many farmers who haye have beon holding their applications to see BOO what disposition congress made of tile tho proposed amendment to tho the pann farm loan act which have mado impossible the loaning of land bank funds for tile the purpose of oc existing mortgages will liow sund eurid them in ili the amendment which would have prevented 90 per cent of our ants anta from obtaining loans was killed however and the amendment which carried allows ua its to use the funds so obtained for tiny any of the purposes of lealis set forth in the original act tile tho fiction of 0 congress of cobrae places tile stamp sta iiii of approval on oil farni farm loan donds as un jin tiling thing else could have dono done and they havo become without a doubt the ideal investment while mille wo we KO go forth now for now with a rate of interest one half of one per cent higher than that which olisted ovla toil tor to the most part of last year so BO fur far wo we have hac v seen no difference and wo we to do not expect that any material difference will bo be made lit in tile number ot of applications received tho farmer la Is willing tu to pay G 12 i per cent which Is the new rato rate and la Is roost mo at interested in ehn long period of time over which tile tho mortgage extends included in ill tile tho ot of alp ilp scra made today by tho the federal land bank of berkeley was vas that of 0 air S S smith of utah who will ailt ap val 1069 lit in wash Ing ingwoll toll Sall polo pete millard deaver and jion ji on counties utah mid and lit in clarks CoU count lItY leinda se inda |