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Show FARM 111 BIK WILL BE SUCCESS SALT LAKE, April 12. Dr. George Thomas of Logan, director and treasurer treas-urer of the federal farm loan bank at Berkeley, who is In Salt Lake attending attend-ing a meeting to discuss the dissolution dissolu-tion of the Teachers' Retirement Fund association, abolished by tho last legislature, legis-lature, is decidedly ' optimistic regarding re-garding the success and benefit of tho federal farm loan banks. Dr. Thomas is president of tho Retirement Re-tirement Fund association and will supervise su-pervise the distribution of tho funds remaining In the treasury to members in compliance with the act of the legislature. leg-islature. "The farm loan banks will mean much for tho development of the west," said Dr. Thomas. "Tho farmers farm-ers of this section are anxious to avail themselves of the provisions of the law relative to loans, for it will give to them money at 5 per cent, where they have been paying 8 to 13 per cenL "Thus far the work of the bank has been simply getting our organization In working order. When the directors and officers of the bank were named there were tons and tons of mall awaiting their arrival, and six women wom-en have been engaged for more than a month sorting this mall and making it ready for consideration of the bank officials. "Already we have applications for between $15,000,000 and $20,000,000 of loans, and inquiries are being' made daily for our bonds. The plan is going go-ing to be a success from every point of view. It will be of benefit to the farmer, to the country; for it will make for greater de elopment and will afford absolutely safe securities for the Investors." -- '" 'i U4M |