La Junta tribune., 1914-05-09

How The man o. The farn a. Dor
row money sAvantaseously an1 eco
nomtcally 10 ~ important question.
II may not b % important q soSd
marketing but Il 10 impostast saoush.
His loan should b on teSns which
meet his occupation and his AnanclNl
resources. II he cannot 81 theO
terms from his banker he ~
naturally try to get them elssvhsD
The question 10 will the banker fosop
him 10 seek loans elsewhere. or -
he meet the needs OF the farmer.
There 10 little doubt that The banker
could give longer time on safe per.
sonsl papsr. There 10 little doub,
that he could arrange for long time
real estate mortgages. When . farmer
borro~s to buy q farm and gives .
mortgage for the loan there 10 no rea.
son Why Il should not be . long time
amortization mortgage permitting re
payment In annual or ssni-annuai
payments extending over tsa, twelve
or twenty yeafs. ~
oih GsOs security.
A god asst mortsngs on rel estate
ssanins- Soe . esaai1ssahls .Ds1f1e.Q
tine = reeognised the world cv0s =
. silt eAsed Ioaa- vinAneisn ~ ~
esstoosd 70 advise II - the sssset b.
veetmeat for tsustsss. vt6ovs ~
chem vho are sot ab,s 70 pass upso
the character Of niscsilaneous isvsse.
osses.
Tie presidsat Of oas q The esaa1
lifs insuraaes companies aakss ~
statswsat that bic company 10 its ~
tory Of sosty-six ysass has loaDs1
oi3s.Sas.S%S.<% 70 7s.io3 farmers. -
cured b. oortsass On ii.Ss3.sss acfss.
the averass loan being ei.7s?. ~
sst ioss aitss paying al costs. 'isss.
aeesesasats and Dsaalty intsesoe
sstes vas fourteen. .hundrsdths oe 80
~ esat. This 10 Substantially ths
history os ali properly Organized lasa
land mortgage busisess. Some oooe..
100000 In fAT0 mosteages are Carried
By COR life insurance companies-aA
assosnt equal 10 IS pr cent. OF the
total farm 0ortsasss shown BY ~
eeasus.
II . farm loas for three years is .
eood toan. ooe Tor ten or nftees o.
twenty years 10 good. too. but -
American baak makes these Ioog
loans. whyf We have never hssa
sbse 70 ess aay adequate answer -
this euestioa. Ths esaerai respeooe
b a. unsatisfactory eae. TT isn't ~
eoakine % make sueh long fns0
loass." Which y aselhsr way Of ~.
ias What ws have said before. thas
The city baatss vili not meet ~
noooe os The farmer borrower
Thees eee0s % - therpfore no ~
coo WY this faet that . long ttns
fasm Seaa y . sik e1ssd loan shsul6
sot - takss isto scceunt In f,sins ~
iatsesse Il y sot possible that ~
Interest o. tAeee hans should be -
she rate which b received upon beonn,
either aunieiDal o. Industrial. n
city tanker vill iavsssisase fully -
Integrity asA sssniag capacity q
every iAetosy thhs vaass Q loan. r
thsse aay ssasea wv ths Amesleoa
eoakef sAo0n ~ put himself r {
peeitleo - lavssligaee The hones,y -
easnlas eaDasjty q ~ farmer ~
see1s Deosy. thss permitting ain =
eoDoeallse hls character - do bsu1D :
aosoo1S o ~ vAeje after iooH1nG
esoe ~ deooe1oa e he0s and ~
= , ~ O1sDs1o1ng tAas The sse1160
l oo0u&oOoo 0n00ooo tat NO.
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