The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-30

includes Alabama and the Louisville
district includes TENNESSEE.
Washington, Dec. 27.--Twe days
later than the prescribed time Tor re-
ceivtns Christmas presents, but prob
ably none the less appreciated for this
slight delay Columbia this morning
was given one Of the farm loan banks
BY William q. McAdoo. secretary of
the treasury. and the members of the
farm loan board after one of the most
interesting and exciting contests with
$50 other cities throughout the coun-
try. Columbia did not win the fight
for the bank without effort. 1t got
into the game when. months ago, 1T
was practically certain that there
would he a farm loan bank in the near
future. Following initial efforts made
at that time, 1t kept on lighting and
when about three weeks ago., 1t was
stated that 1t might lose the bank,
instead OF sulking it's business men
took hold Of the situation with re-
newed effort. tho result being the
presentation Of the bank this morn
ms That Columbia has won the fight
eonpststiou with such cities as
th6n, f1ashvt1ls, s-9aeksonville
i<< <&E2k& kSAI y1S<S~4x&t-1
>ses activity of the capital tsity. Had
its citizens failed to keep up their
night, especially when 1t looked as ir
they were whipped. Columbia would
have lost. instead OF winning a mag
niicent victory.
The IL cities in which are to be To-
Gated the federal farm loan banks
we're announced today by the farm
loan board. and it is expected that
within CD days the new system will
be In operation. ready to make the
loans for which applications already
are pouring in from every section oil
the country.
The banks will be set up in Spring.
field. Mass, Baltimore. Md, Columbia,
New Orleans. La. Houston, Texas, st.
Louis Mo-. Louisville. KY, st. Paul,
Minn.. Omaha, Neb., Wichita Kan,
Spokane. Wash. and Berkeley. Cal.
The IL districts into which the
country Is divided were by
the farm loan board today as follows:
District Mo- 4, Maine. Now Hamp-
shire. Vermont. Massachusetts, Rhode
Island, Connecticut, New York and
New Jersey: district No. 2 Pcnnsyl-
vania, Delaware. Maryland, Virginia,
West Virginia and the District OF Co.
iumbia: district No. 3, North Carolina,
South Carolina. Georgia and Florida:
district No. 4. Indiana. Kentucky and
Ten nessee; district No. 6, Alabama,
Mississippi ana louisiana: district No.
8. Illinois. Missouri and Arkansas;
district No. 5, Michigan. Wisconsin,
Minnesota and North Dakota: dis
trict No. s, Iowa. Nebraska, South
Dakota and Wyoming: district No, Q,
Oklahoma. Kansas, Colorado and New
Mexico: district No. 10. Texas; dis
trict No. IL. California, Nevada and
Arizona; district No. ~. Washington.
Oregon. Montana and Idaho.
I'm determining the federal land
bank district and i'm designating the
cities within such districts where fed
eral land banks shall be located the
official announcement says. "the fed
eral farm loan board has given care
full consideration to the farm loan
needs of the country. The board held
public hearings in nearly every state
I'm the union n i'm this manner coll
Information of great value i'm
It's decision.
AVERY reasonable opportunity has
afforded to applicant cities to
evidence to support their
as locations OF fedcral lund
banks. More than Is cities applied
10 be designated us the headquarters
Df "a bank and were heard through
representative committee and indi-
yiduals."
The banks will he established as
as practicable. Each will have
n capital of $3.50. 900. Application for
loans have been pouring into the
board I'm great volume recently and it
IL estimated that n sum more than 20
times In excess Of the combined Old