The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1915-10-15
Kansas Rural Credit

oion VIII Sooh De ready TO begin max
ing loans on farms In Kansas. Near
ly all the stock that the Kansas
Banking laws require it to have sub
scribed before 1t can begin making
loans, is about taken by the farmers.
The applications for loans are con-
sidered and the loans made in rota-
tion as the stock is subscribed. Those
subscribing for the stock first are to
get loan before those subscribing
last. If you anticipate taking loan,
remember it is to your interest to
get In early. These loans are to be
made at per cent interest, on from
III TO 50 years time: partial payments
on principal each year; no commits.
slons; loans are made to stockholders
only. You only have to take out one
share of stock at cost of $4,000 to
be paid for at $500 down and the
balance within year without in
Lerest until paid.
have received correspondence for
about two weeks concerning this as
sociation. | thought 1t to be a great
Thing for the farmers of this county
and this western country. 1t enables
anyone to buy and pay for a home
and If several crops do fail he still
has twenty or more years to pay for
II II he takes out thirty year loan.
We have had mortgage foreclosures
in this county where the money was
borrowed for only three or five years.
Bad crops came for two Ur three
years and 1t took all was raised 10 the
remaining years to pay grocery bill
and at the end Of the fifth year when
the mortgage is due the farmer either
has to pay a big commission to renew
or be sued and lose his land.
desired before sold any stock In
this association in this county among
my friends TO see for myself II the
association was complying strictly
with the banking laws of the state
and if 1t was what it represented it.
self TO be. therefore went to EN-
porla last Monday and went to the
home office and investigated for my
self. l am now ready to say to the
farmers Of this western country and
especially OF Seward county that it
will be blessing to them. No farm
er can long survive and make money
laboring under load OF ten per cent.
interest and heavy commissions such
as are charged and have been here In
the past by the eastern mortgage
companies. If the farmer thriyes the
merchant will and SO will every other
business man in the cities. Why
load the farmer down with heavy
interest and commissions since he
has the best security 10 offer of sny
other person on earthY Like the
Aetna Building and Loan Association
has enabled thousands of poor people
I'm the cities and towns to paw for
their homes and to own them, so will
The Kansas Rural Credit Association
enable thousands of farmers TO own
and pay for the land they live on.
The Aetna Building and Loan Asso-
citation has the long term loans and
so has the Kansas Rural Credit AssO-
ciatlon only the latter has a lower
rate of interest on the farms. so 1t
is that much better still This
Rural Credit question is important,
and Mr., Commons says he will be
glad to answer all questions CONCERN
log it.
Remember, this Is no political
scheme, no fake, but an assured fact.
Tom McNeal of Topeka, Kansas, ed |
tor OF the Mail and Breeze 1--WE all
know him) is one of the directors of |
the association. He has always been
a friend of the farmer. The farmer
has the best security on earth in his |
farm for 1t is part of the earth. |
He therefore should be able to |
borrow at lover rate of interest
than any other person. He now has
chance to do 1t in Kansas. This
plan does away with mortgage fore.
closures for anyone can pay for his
farm in twenty or thirty years at a
small payment each year
This association is operating under
the direct supervision of the Kansas
Banking Department, which will not
allow any wild cat schemes 10 be
foisted on the people Of the state.
| am prepared to receive subscrip-
tions for stock, or to give any inform
alton on the subject to any farmer
interested. 1t is for you to decide
to share In the benefits offered or not.
Loans will be made for the following