Show FUNDS FOR HOMES SUPPLIED BY BANKS VC by ROME C stephenson president Amer american scan bankers association A LARGE portion of the funds required in home building always aas a been furnished by banks they have shown con scantly a deep in terest in the per torrance tor for mance of 0 this feature of national development up on it rests much of our country a f tut u t u r e stability and any con tribu tion to its ad van cement coment redounds to the advantage ot of all R C r stephenson so banking has never permitted its operative cooperative co attitude toward home building to lessen practically all banks now accept sav ings deposits which can well be turned to the advantage of the home builders the construction ot individual dwell ings requires a large amount ot of fidanc ing and Is a thoroughly commendable enterprise necessarily the aid given to home builders Is governed by the sound banking rules which have grown out ot of the years ot of experience and the constant studies ot of bank practices all of the efforts made to secure broader real estate loan privileges to adjust resources to make it U possible to lend larger sums tor for long terms the standardization of mortgage loan tor for mulas and the actual lending ot of vast sums on mortgage notes evidence the desire ot of banks to contribute a lull full measure ot of support to the home build ing movement this Is true ot all class eg ot of banks but even in a more marked degree ot of those whose deposits are largely in the form ot of savings and whose loans are primarily tor for building bull din or home purchasing purposes both sides protected the process through which banh bank loans are made on real estate Is as simple as the nature ot of such an im transaction will permit when money Is to advanced the lender must know that repayment will be made the specified time likewise the borrower wants to be assured that alter after he has figured the loan on the basis of his conservatively anticipated ability to pay pair he will not be required require to do more ore that he will not be disturbed I 1 in his Is et ef forts to work out of his abl obligations actions under those terms whether his agree ment Is to repay the entire loan in three or five years or on a monthly or yearly basis he wants the assurance that no additional burdens hardens will be im posed upon him all ot of this Is settled definitely in advance there Is no mystery about any ot of the details and when the negotiations are complete the borrower knows just what be lie may expect and what he will be required to do to meet his obligations loans made to persons persona who wish to acquire homes homed are not necessarily building loans one may wish to pup chase a home already constructed in this form of transaction bank loans are used very freely because it Is the only kind of a real estate loan some classes ot of banks may make others of course may lend upon real estate with im prove menta ments uncompleted and advance funds as the construction progresses different styles in home financing have developed in the various states and banks have tried to adapt their bacill ties to the needs whatever character ot of assistance is required in any par nicular distance usually can be found in some bank in the local community among banks and borrowers for home acquisition purposes a long lashed and thoroughly tested relation ship exists banks are not the only agencies through which such funds are available they do not embody all the spirit of helpfulness which abounds however through the years ot of their co operation their aid has been of un questioned value to the home builders whose efforts to establish a permanence for or themselves have received constant encouragement bankers everywhere ara are ready to counsel with their custom ers about their home building plans and to assist to the extent ot of their ability this is being done constantly and the many advantages ot of it are not vot without recognition the U S department of agrical ure says that in the last ten years the taxes paid by farmers have risen per cent and farm income has declined from rum 9 to ii 12 billions of dol lars the vet test station in the united ettes is at glenora oregon where the annual rainfall Is inches the larva or worm of the moth is what eats clothes not the moth form itself itself that Is not the thing that has wings and files but its larva or worm the adult moth does not grow grew in size the female lives about twelve days when she has ceased laying her eggs she dies in a day or two clouds act like a blanket over the earth keeping it warm and prevent ing radiation from the earth intel into space hence a cloudy night is al ways warm the most common signs preceding a frost is a slight wind which may die down later a clear air and lots of radiation from the earth khaki colored canvas is much more serviceable around the farm than the plain white as a cover tor for machin cry ery sacks wagons dams etc etc in western kansas winter wheat planted on summer fallowed tall owed land produced nearly twice as much bralit v as on cropped fields |