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Show HOW FARMERS MAY TAKE ADVANTAGE OF THE FARM LOAN ACT NOW IN FORCE (By FRANK R. WILSON.) Only farmers or prospective farmers farm-ers who wish to borrow money may Join the nalional farm loan association provided under the federal farm loan, act. It takes ten or more lo make up one of these associations. If a farmer farm-er wishes to borrow he should find out if such an association has been j formed in his ((immunity. If it has, he should make application to the secretary) sec-retary) reasurer for membership. If no association has been formed, he should attempt to get ien or more farmers who wish (o borrow, to meet for the purpose of organizing. The process Of organization is very simple. One of the members should write to the federal farm loan board Washington, l. C. for blank articles of association When they have been received a meeting of the prospective borrowers should be called and tht-se articles ot association should be adopted, adopt-ed, signed, and acknowledged by each member. Each member will indicate the amount he wishes to borrow and the value and description of the land he wishes to use as security. This association elects five or more directors, and these directors elect a president, a vice president, a secretary-treasurer and a loan committee of three members. This Is as far as the association can ! go until after the federal land bank of I that district is established. Then, up-I up-I on application, the federal land bank I will furnish the local association with I a blank application for charter, which should be filled out and filed with the federal land bank, along with the articles ar-ticles of association. These documents should be accompanied accom-panied by a written, unanimous report of the loan committee placing a valuation valua-tion on the lands of each of the mem-! mem-! bers. Then the appraiser of the federal , land bank will come to Inspect the lands of the members and ). K. or reject the valuation prepared by the 1 loan committee. .Nil one farmer may borrow more than $10,000 nor less than flOO. No that precinct. They assured the board of his excellent qualifications, which were also warmdly endorsed by Commissioners Com-missioners Brown and Skein and I Clerk Charles M. Ramey. A petition also was filed with only a few signatutes for the appointment in Wilson precinct of J. A. Martin, whose qualifications were said to be desirable in every respect. The board took the applications under un-der advisement. 00 national farm loan association may start with less than J 20.000 of lonns. Each member Joining the local association asso-ciation must buy stock in the associa-'kim associa-'kim equal to 5 pel- cent of the amount lie borrows. If he borrows $1000 he v. ill get $950 In cash and a certificate of stock for $50. Or h ma make his loan $10.t0 and thus have a net loan of S1000 taking as long a time to repay the $50 invested in stock as on the thousand borrowed This investment Is for the purpose of providing Ihe increasing capital of the federal land bank and the local association invests it in the land hank stock. The borrow er will get his money back when he pays off his mortgage, and will get what dividends it earns while it is invest ed. Now. what is the object of requiring requir-ing the borrowers to thus group them-selves them-selves Into loan associations? Primarily 'hat the loan associations may eventually own the federal lano banks. This is a co-operative banking system, sys-tem, and raachinerv must be provided for tho government of the banks Each Oi Hie local loan associations has a vote in the election of the directors in one of the federal land banks. The! loan committee, provided by the local' association. Is the agency for the Valuation Val-uation of ihe lands. The board of dl-' rectors of tho association admits or J rejects new members, according to their wishes. But most Important of i all, since this system is co-operative, the Dorrowers must provide the money for the increasing capital of the bank - and they do this by Investing in the local associations. Loans made under this system may not exceed 50 per cent of the apprais ed value of the land used as security, and 20 per cent of the appraised value of the permanent, insureu improvements improve-ments thereon. Non-land owners may become mem le-rs ot an association by indicating in their application what land they expect ex-pect to come into possession of and nqainst which the mortgage will be daced. The club, which is headed this year by Moroni Olsen. is making Its twenty-first annual tour of the state and comes to Ogden after having perfected the play it will present, through per-' formances in Salt Lake City and southern Utah towns The i onx-dv i . nt i - around a young couple, divorced through a misunderstanding, misunder-standing, and reunited through lov e of their daughter. She comes Into the live of her father at a time when he is living a riotous life, associating , with questionable characters, because of his despondency and lonliness. She omes Just at the time when he is on the brink of the realization that hlf life Is empty, his hopes futile; mo it is that "his heart leaped up like n, poet s when he beheld a rainbow in the sky." In addition to Mr. Olsen. w ho es-1 ays the role of the father, Ned Sum-1 ner, the following are In the cast: Miss Blanche Marks. Miss Fa Cornwall. Corn-wall. Miss Helen Spencer. Miss Mar-.(ret Mar-.(ret Ewing. Miss Ioore.s, Frank Rasmussen, John Harrington. Dan Y. spencer, Nils Bolm and Don C. Wood. They were coached In their roles bv Miss Lila Eccles and the performance tonight will be directed by Maud Mav Babcock. The Child Culture club is sponsoring sponsor-ing the local production of the play and ihe financial returns, above expenses, ex-penses, will be donated to that organization organ-ization by the dramatic club, to increase in-crease its municipal swimming pool fund. on . Ihauitive review of the work of the I Union of American Hebrew Conpro-! Conpro-! Rations durinc th last two v oars was ! marie by I Walt R. FreiberR of Cincinnati. Cin-cinnati. resident of the organization I at the 25th biennial council of tho union hfro today Mr FYeiborK recommended rec-ommended the raising of J3, 000,000 mainly for homo mission work and education. One of the reports submitted denounced de-nounced objectionable literature in public schools and urjred elimination of "The Merchant of Venice," "Chris-tological "Chris-tological songs," and the "reading of thp Bible interpretatlvely." The contention of the National Jewish Jew-ish advisory board is that Bible read, ing in public schools is "an infringement infringe-ment on the rights of every citizen" insofar as it compels Jewish taxpay. ers to send their children to schoois wheffl a religious interpretation is put on the Bitlr |