Los Angeles herald., 1909-12-19

The destiny Of our nation rests in the landed
proprietorship OF the many, not of the few.
New. unoccupied land is the safety valve of
our intense civilization, and by proper un-
derstandng of this law you may not only
make rich profits, but reap an abundant re-
ward in well doing.
Our work in the California Home Exten-
sion association was like the elephants in
the circus parade The club members had a
tail holt" These homeseekers. partially from
our own local towns and partially from the
east locked arms into community and
marched upon the ground.
There they are, folks-seven Of them in the
State, every the pride of the county In
which they are located and every one a home
maker and a profit maker for those who
Joined. It fell to me to hunt the land and
supervise its arrangement In all these cases.
An illustration of the success OF the Plan
was shown during the darkest hours OF the
panic. Right in February, 1905 when banks
refused depositors their money and issued
scrip, when real estate could not be sold for
money anywhere in the country, went
right on and established the Seventh Home
Extension Mountain View) Colony, because
those people needed the land, and today and
all through the panic it is held and sells at
double what it cost them.
Before temporarily laying off the active
management OF the, Home Extension deter
mined to finance on long terms the happy
settlers on our lands, so they could proceed
with construction without meeting the press
in yearly payments Of land owners.
1t was the panic season and bankers
laughed at our demands for loans. as depos-
itors were clamoring for their moneys and
bank could make loans.
The great San Francisco fire had wiped
out hundreds of millions of our local liquid
capital. The general financial panic also. had
caused bank deposits to decrease.
There was no capital in sight to finance
the needs of these several thousand new
farmers The money left In the state after
the drain of the panic was needed and was
g,,N,
which It has been poured in golden streams,
while the country section lay financially
PROSTATE.
There is always way, however. =
Life insurance companies seek farm loans.
That is, certain very conservative and solid
ones do. I soon located one that was man.
aged by men who could add two and two to-
gether and get the figure without doubling
whether 1t was actually four not
The Union Central Life Insurance company
of Cincinnati, Ohio have over sixty-fve mill
lion dollars loaned on small farm homes
throughout the nation.
And I congratulate them
This is the very substance of which the ma
ton is composed.
The owner of farm is not liable to lay
offs or lockouts. He always has profitable en-
ployment on his own land.
When those homes go, there will be no rail-
road bonds or watered stocks, logically. there
fore, the conservative farm loan is THE UL-
INNATE OF PERFECTION OF ABSOLUTE
AND EVERLASTING SECURITY.
The Union Central sent their Committee to
this state, through their Mr. ]. p. Lombard
president of the Corn Exchange Bank of
Kansas City, They came and looked over
the Home Extension Colonies. They made ten
year loans where needed and made them DUR
ing the most dreadful hours of the financial
depression, the summer of 1907. during election
time, which better than anything else shows
the firm foundation upon which our PLAN
had been based
In a letter written from one of our NEW
PLAN colonies Mr.. Lombard says:
We were very well pleased and think our
Colony people will be in much better
shape with longtime loans and their short
payments paid off. 1t looked fine and
about everybody was out with hoe or a
horse working. JAS. p. LOMBARD.
They have studied the state and found that
it is good. They have opened financial Of
fee in San Francisco and helping to fill
the financial void caused by the San Fran
cisco fire.
And have had a year of comparative
ease.