davidaulloa/AmericanStories huggingface dataset:
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
Notice To Classified advertiser,

All Classified Advertising ordered TO
run Indefinitely @. f. must be in writ
Ing. No L T. advertisements accepted
over the telephone Orders to dfscon-
tinue l. T. ads must also be IN writing
and cannot be accepted over the tele-
phone a stop order receipt will be
given when a L ad is ordered dis
continued.
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

For Sale-Farms and Ranches
IS5 ACRES, all bottom land. 10 cleared.
Sc in alfalfa: room house: 60 acres under
llgh state cultivation; a snap at $50 a acre.
Phone 2903- BICkNELL Phone zoos
SMALL MISSOURI FARM. SO cash and IS
uouthly5 no interest or taxes. highly produc-
tive land; close 90 3 big markets: write for
photographs and full info. Munger. A. 225
" Y Life bldg. Kansas City. No.
OWNER viii sell on terms. I section smooth
mesa land. one mile from Santa Fe Ry. sta
ton and new country club site IN upper
valley. Phone Norman E Veazey. FL Paso
Herald.
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
a REMARKABLE OPPORTUNITY
FOR = MAN or MEANS.
No Agent Need Apply.

VIII Deal with Principals Only
ALFALFA FRUIT AND STOCK FARN
Aereage-412 acres
Loeation-Under Elephant Butte project
WITHIN 20 mile Of Fl Paso on
main county road.
ImprOvements-Trvo vubstanrfs, r,,.b
houses Two large galvanized iron
oarns. capable Of storing 500 tons
or balec alfalfa. Forernan's house.
oeep vel gasoline pumping en-
CINE and windmill CorraIs and
outbuilcinss, including blacksmith
shop.
sfalfa-One hundred and thirty acres in
Alfalfa; have produced Il. 900 bales
OF cholce alfalfa in cuttings this
season This years crop is ex-
peeted 10 sell for 100000
Orchard-Two thousand pear trees. ir.stv
ana vigorous. besides peach ap.
pie plum and ounce trees The
peaches this year are tn. finest
produced in the valley.
Priee-ssO 900.
Terms-One third cash balance in one sr,5
two years. deferred payments 70
be secured by vendors lien and
bear S e. interest
To arrange for interview address
p o. Bon I4s.
Anthony, New Mex.
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

Buy CLOSE N PROPERTY Now
A 80 INVESTMENT $1,000 for a fine
corner, IS by 20 feet. bringing steady in
come Of SlOS0 yearly These opportunities
are fast slipping away Get busy and IN
TESTIGATE
5S2 1st Nail. Bank Bldg Phone 500
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
NEW GROOM BUNGAIOw FoR sqqzo M
For SaIe-Farms and Rancho,

SHEEP RANCH for sale. with plenty OF
running water and coal: also good dairy
> AthES in upper valley improved no
better soil: all necessary stock ana fooI.-
price and terms right Address G J. Weave
Mesilla Park. New Mex
one HUNDRED stock horses and ranch Tor
sale cheap Write or call on John d. Tbomn
son, Lake Valley. New Mexico.
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
NEWMAN NVESTMENT Co

Real Estate. Insurance Loans
/ 5000 rnl- apis. Just finished 900 ~,
/ fropspect ave; rents $40 per mo. 80
$1,000. bal. reasonab BILE terms
5000 rm- home Rio Grande 81 Co.,
uade for Long Beach property
ttenV-s I'm = story Boulevard house o..
change for business property in Il Paso
5000 nm bung-. new. glazed sin ncb -
sou DIX Montana worth $500. $50 cash. $50
! per mo- including interest. quick sale
$1,000 rm- bung- Tularosa 81. $500 cash
! $50 per mo. Wv 1a1'l'
SS750-f rms. glsssed sip. pch. hardwood
, hrs throughout; new hung 300 biz Tula.
rosa trade equity for lots OF cash paymeu-
$500. $40 month
S-s5o-Beautifui nm bung glazed sin
pch; rms, hardwood FIR. tile bath base
nent, 2fuil lots. walks all in $500 cash SIS
per mo-
s26o0-4 rm bung. facing Alamo Hgts. .
lois. $500 cash, S5S per mo. including int
$3.50 cash. SIS per mo.
SlA0O-S3t acres. good house fine land
near san Eiizario: viii take $1,000 city prom
crty part pay.
$3.50 per acre. 9 acres. Loop Road. all IN
cut: splendid buy easy terms
S65ee-Ho acres az mi. Las Cruces =
acres bearing orchard. fine rm big single
roof very large porch; exchange for El Paso
property
NEWMAN INVESTMENT Co.
loo san Antonio St Phone $50
NEW 5-ROOM BUNGALOW FOR sss5o 90
Now being built Aiamogordo Street In
the 5000 block Lot 42x140- large rooms.
glazed sleeping porch and basement. Rug
brlck- flrst-class construction through
out with all the up-to-date features You
can lind nothing TO equal IL in Fl Paso
al the price Easy terms
JAMES L. MARI & COMPANY
5g4 San Antonio street Phone AGO
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
WE ADVERTISE BARGAINS ONLY"

WE ADVERTISE BARGAINS ONLY
A beautiful 5 room bungalow on
Bliss ST.. has garage and furnace
heat two front rooms finished in
mahogany. balance inn white: this
house was built for a home and
is worth $4,000; price $4,000. $3.50
cash. balance $50 per month. includ-
ing interest II is leased to I-2O-I7
at sf5 per month: see II and com
pare with others selling sor $4,000
10 $4,000.
HAWKINS BROS. Phone $500.
Homes Our Specially
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

For Sale-Rooning Houses.
|--~----~-~-~~~-~-~~~-~-~
ROOMS, can sublet. Apply SIS n Kansas.
OWNER must sell - rooms. wen furnished
best location Phone 2s70.
ROOMS furniture Tor sale cheap. SOS Ma
coffin
BOOMING HOUSES should see our line OF
solid oak dr-sSers- $3.50 up.
FOUTZ FOOSHFE CO.
II ROOMS 10 the heart Of the city, rooms
III F. Main
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

$3.50.
New brick bungalow on paved street
500 cash, balance $50 per month
New 1-room red pressed brick bunca low
on south 'front.' built in buffet and kitchen
edplnet- mas large screen porch hardwood
loors- Just north Of Bliss Street $500
cash balance So per month and Interest
$3.50
new bungalow built on fun south front
iots7 has hardwood floors. built in buffet
bookcases and kitchen cabinet. Nirrored
door IN bedroom near school and paved
street 800 cash. S25 per month and in
CREEL REALTY CO..
Soi Mesa Ave. Phone so-5
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
FOR SALE BY OWNER ALL
SUGAR BEETs AND ALFALFA

NOMN AND PIGS
This is the combination that will make
good farmer rich in this valley. let Us
show YOU WE CAN
We know what we are talking about Cst
least part OF ill., as We are. and have been
for years one Of the biggest alfalfa growers
in the valley and as for the beet end OF Il
We are satisfied 10 the extent that we signed
I'D to plant lao acres Of beets for next year
BAILEY LAND Co.
Phone 206S- 800 Mesa ave.
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
MAYFTELD BUILDING &
IMPROVEMENT CO.

Home Builders.
We viii build in any part Of
Inc city. on your lots or ours,
give you good terms and guar
anlee satisfaction We devote
our entire attention to home
building and would be glad 10
submit plans and estimates on
your building free On account
OF our splendid buying facilities
We can give you more for your
money than any firm in the
city. Paid in capital $4,000
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

EXCHANGE
sections Of land az Tobin.
Texas. and 50 lots near Wash
inston Park want any good res
idence or business property.
What have you,
s. lots on Mesa and room
bungalow on e No St. and
some close in business properly
for one piece OF good business
income.
One 2 and one $ room. fine
lots Manhattan Heights. fine
lots Franklin Hts. 80 It. on
Los Angeles ST. lots Tularosa
St Can trade ali clear FOR good
piece close in business property.
Call the trader
CHAS W. HARLOW. with
ANDERSON-FIIIFR.
107 Texas ST. Phone 1851
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
For SaIe-ROOming Houses.

For Sale-ROOming Houses.
| ---~-~~~-~-~~~-~-~~~-~-~-~
a HOTEL YOU WILL LIKE
! = rooms, with perfect ventilation; one
I half block OF Plaza; clean. respectable.
! ana good furniture Low rent. year
lease 100000 cash. balance reasonable
NETTIE VI. VAN EPPs (soIe agent.
500 Mesa Ave
/ Phone 1908 BICKNELL Phone s9O3
LISTEN have some very special IN
dueements IN rooming houses. few snaps
| In apartment house and see 90 these and
ave your money You must call the bargain
man
10 rooms. rent S45. price .......-sfoo
10 rccms. rent S4S. price ....-.--Ss00
rooms. rent S45- price --------s550
Is rooms. some snap at -----..-- S11OO
Larger and smaller.
Phone s90S- BICKNELL Phone s9OS
FURNISHED HOUSES CLOSE IN
FOR SALE
Fiat OF five rooms. fine. steam heat
complete. price Observation-Disclosures $500 90
House North Campbell five rooms 10000
WYOMING. five rooms, sleeping
BOULEVARD. fifteen rooms. three
baths quick sale ---------------- 155o-o0
BOULEVARD, five rooms. sleeping
porch ---- 500 90
y OREGON seven rooms. CLOSE IN 10000
UPSoN is housekeeping rooms; al
SAN ANTONIO ST. rooms; will
trade FOR lots NEUTRALITY-SUSPICIOUS. 10000
II none Of these suit. we have many
NETTIE VI. VAN EPPS.
SOC Mesa Ave. Phone es4s.
For Sale or Ezchange-ReL Estate.
-~~-~-~-~-~~-~~~~-~~-~-
l60 ACRES improved ranch. miles north
Of Douglas Ariz-. for z Paso property Mrs .
Held 1907 y r Paso street
WILL TRADE leo ACRES Arkansas land
AZ bank valuation FOR property out here :
P o. box SCI Phone 1912
FOX SALE or trade. c10 acres improved &
farm. Wharton county Texas Phone 3ssgW. Z
1913 z Missouri Ralph Appleoy- q
room house; on car line Govt hill for auto +
and some cash. $3.50 payable SO per
mo address SOB. care Herald
TRADE ANYTHING-Any place-any time I
come IN and see Exchange specialists. /
.,s-s NILS Bldg. Phone I5al. ,
FOR SALE OR TRADE.
room residence. near the new high
school Price $500. will sell or take some
vacant lots as part payment
room two story residence on Rio Grande !
ST. will sell or trade
RIO GRANDE REALTY Co.
zll-2l2 First Nat Bank Bldg
TO TRADE-SubstantiaI equity in sack
farm for equity in house in Fl Psso- good
title present owner has owned six years;
nothing due until 1890 Call al sos Two Re
Dublics bldg.
FOR SALE OR EECHANGE-TOR SMALL
VALLEY IMPROVED RANCH
Brand new room modern stone. pebble
dashed; Al garage. = block OF car; on
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
BEAUTIFUL BUNGALOW
FOR SALE nv nWNER

frlce includes gas stove gas heater limo
ieun- shades curtains and draperies: 5
rooms and breakfast room. heating plant
garage, built in features. East Rio Crs nde
balance easy terms. Phone 1901 OF sgSs
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
For SaIe-Real Estate-City Property

For Sale-Real Estate-City Property.
THIRTY-NINE FEET fifteen hundred
/ block North Kansas. paved. east front ter
] race beautiful location. $500 under mar
/ het value Address J.. Ia. care Herald.
, CORNER LOTS On TROWBRIDGE.
] - On the hlgh ground-the best block on
the street Paving fully paid s3s5.o0 per
JAMES L. MARI & COMPANY.
500 san Antonio street. Phone $3.50.
NEW 6 ROOM BUNGALOW.
$500 CASH ONLY
W hlte brick six rooms and two porches.
l AaTeWo t'S floors two fun lots. in Govern
ment mil, half block from car line $500.
s-UO cash Phone owner. 7s34W.
TULAROSA ST. BUNGALOW AT BARGAIN
rive large rooms and glazed sleeping
porch Two full south front lots on ter
race, Paving fully paid The house Is
OF the best construction and has an the
t1ltsl FEATURES. such as built-in bookc.ses
euffet kitchen cabinet and pantry. I.srze
oaseIiient and heating plant This house
cost S-soo.00 10 build, the lots are worth
$4,000 You can buy It for 100000 on
JAMES l.. MARI a COMPANY.
SO4 san Antonio street. Phone 1850
HOMES OUR SPECIAITY-
Sive down, on Boulevard, room modern
,rlrk- fenced barn 4Sxiz0. ss750 Payments
On MagOffin Ave. room brick owner
IeaNlng city Cut from $3.50 TO Sz6S0. $500
NN.Ll al l4aA4Atlie H. MS Is money maker.
$50 down. SEQ monthly for this 4 room
modern home. fenced bath large porch
$3.50 II taken quick
On Olive St. going for less than cost.
room home on full lots. beautiful SHADE
trees; garage close IN $3.50. $1,000 down
On Bliss St New hunga low furnace hard
wood garage. paved fixtures. glazed porch.
TIE $5a00 variety Special price for a few
days. $500 $1,000 down. Want ft2
west OF Cotton Ave room brick. mod
ern. south front S250 down Cut from $3.50
20 $1,000 Don't buy until YOU see IT,
Business Property S36.OOO-The best buy
IN the business district today. and the only {
piece for that money.
Buy this apartment and Jet the rents nay
Il Rents for $3.50 monthly. $1,000 doyrrL I
Would take cottage
room Modern Brick cottage on full.
lots IN the heart Of Alta Vista owner : ]
sick and needs the money Il is shame 20 4
DC T. but the price is only S2500 cash North ,
Of Bliss ST.
Lots on Bliss St, cheap for cash
VIII Trade story brick for apartment ?
site
HAWKINS BROS. Phone $500.
Worth $3.50. Oo-SssOO. 90 viii Buv II
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
HOME AT \ BARGAIN

Lots on Bliss street SIsOOOO.
south front. near PiedraS Pavfnp md
sidewalk fully paid Terms
JAMES l. MARI a COMPANY
So4 san Antonio Street Phone s75o
S355O-CLOSE IN.
New room and glass porch: basement
oak foors- built in features: wen located
rear good school $500 cash balance So
monthly
$3.50.
New room, glass porch. plastered and
tlnted5 basement tile floor in bath oak
i!oors throughout; built in features fn-
Guiding chiffonier IN closet; mirror in ciossst
door near school $3.50 cash. So monthly
CLOSE IN LOTS.
Let Us build TO suit you on some close
III lots. well located easy terms
SCOTT SALES & REALTY co.
80 Mills Bldg Phone 1885
Phone 1908 BICKNELL Phone sg0i
room bungalow on one Of our most uorr,-
lar residential streets only $1,000. easy
; rooms. a beauty; al built in features fo-
room. elegant new delightful close in
unsalow. Ideally located. a beautiful home.
have an apartment house earning 17e.
On Investment $500 viii handle don't rush
nnody v ants these fine snaps.
f"one ZSoS BiCkNELL Phone ssOs
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
ANSWERS To HERALD ADS.

The following list Of uucalIed for answers
e Herald Want Advertisements are now be-
ING held for delivery az The Herald business
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
MANHATTAN BUNGALOW
HOME RARGaN

HOME BARGAIN
bIlit with the idea Of home only. conss-
quently IS wei constructed and conveniently
srranged, IN the 1900 block short distance
lIon new nigh school; paving paid. south
1 - 'llt- rooms Glassed sleeping porch. full
at -oo NILS bldE. for further particular
MCKEE BROS.
Government Hill Lots $4,000.
On Montana Street. high ground Easy
monthly payments
"a, JAMES L. MARI COMPANY.
- -l-n -1htohio street Phone 1853.
HOME BARGAIN
Walking distance. south front o- .b,
pItlty Fart Of parked E Nevada street :
rooms nNlns room across 'front.' bungaIo-y
style; large porches. price reduced -,
5000 TO 5000; out OF town Owner -rerT7-
= cash See Mr. MULTIKTN
DOUGLAS c. CROWFII aGFNCv
80 lAlils bluB Phone z-s
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

\ REAL MONEY MAKER.
20 rooms. two blocks from the
Popular Dry Goods Co hot and
old running water in every room.
-Four year lease rent reasonable
rooms always rerted. A bargain 10
there ever was one Terms. $500.
DAVIS BROS.
loo Texas. Phone lis
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

49, 7-7~--~>-------~---~-~-~-@-
soDA EOtNIAlNS-Lates designs. both
exposed and closed; jar types ranging In
lenslns OF .. 5. 10. l.. IS and 20 feet Can
49, seu % 10 40 per cent. small cash
- -.-eAt GOWN. balance easy monthly pay
.ltnlS' can include show cases. shelving
l-u-es. cnairs, carhouator In contract
commission Co. agents Grosman Fountain
-. zoe Herald BIDS FL Paso Texas
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19

SWITCHES and puffs made from coubincs
Marcy Fardy, 10 Buckier Bldg. Phone 3efI
El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-19
For Sale-Furniture.


CASH paid for second hand furniture OF all
kinds Texas Furniture Co. f06 S. FL Paso
St Phone 1897
Evening star., 1916-06-25
VOLUNTEERS ARE<INvITED.
Local Red Cross Chapter to Open
Station for Surgical Dressings.

The District of Columbia Chapter OF
;h> American Red Cross is to open a
s;sat.on for the making of surgical
dressings Tuesday morning In the Ke!-
!o.,s bui,dn3. i32e + street northwest
at - o'clock. MI organizations and
,.dividuals who wish %. volunteer in
si.;S work are invited to apply.
\ Red Cross nurse has been assigned
u. inStruc; the classes in making the
f.aIIdaGes and other hospital necessi-
,i~s. so :, know lodge Of the work is not
..t,..-sary in order to apply. All those
,.-siriD.: To participate in the worI; are
t,..,esl 10 report az soon possible, in
order 20 get the classes well under way
IL the preparation for emergency.
Admiral y. T. Mason is chairman of
ine District chapter. with Mrs. Tneo-
,.-. y. Mclaughlin secretary and
a. 8 I,eeside as treasurer.
Evening star., 1916-06-25
Garden Dresses at $1.5O

These border on styles that are
suitable for street wear. They're
made of fine quality rice cloth, in
dots and figures. with white lawn
collar, cuffs and vest, and yoke
skirts
Evening star., 1916-06-25

Garden Dresses, made of
and figures. The newest mode
prettily trimmed; all sizes.
Evening star., 1916-06-25
Monday Special
25c Writing Paper
At Ice Pound

a Good Quality Linen
finish Paper: easy surface
to write on.
Envelopes. &c n package.
Main Floor.
Evening star., 1916-06-25
| Monday,
For Monday Only
No Mail, Phone or
c. o. D. Orders
Monday Special
25c Lingerie Clasps
at 1Oc pair

Gold plated Lingerie
Clasps in plain or en-
graved STYLES in a large
aSSortment.
Main Floor.
Morris tribune., 1916-08-11
FIRE DEPARTMENT
HAS FUTURE PLANS
Recent Fire Demonstrated Ne
cessity for Adding Chemical
Extinguishers

Members of the Morris fire depart
ment are in favor of thoro prepared
ness when it comes to fighting fires.
The department is considering the
purchase of a new patent fire extin-
guisher to be used in connection with
the equipment now on hand. They
are in the shape of hand grenades
which hold one quart of liquid acid
which has proven successful in COM
batting gasoline and other stubborn
oil fires. There are thirty rounds of
"squirts, in each quart and two
"squirts" will put out a fire of
ordinary size. The purchase of the
extinguishesr is to be decided upon
at an early meeting. Since the fire
at the Splitstoser shop week ago
which caused so much water damage
the necessity for having the chemical
hand batters has been emphasized.
Another devise which the fire boys
deem important and necessary in
Morris is a siren. Present fire alarm
methods work admirably during the
day but it has been found that many
of the firemen fail to get the calls
at night by reason of abserce from
the phones. 1t has been suggested
that a siren be installed at the
power plant or some other central
point, and that it be blown regularly
morning, noon and night to assure its
always being in order. The siren
proposed is electrically operated and
costs something like $500. The fire
boys are in hopes of receiving aid
from the city commission in case a
purchase is decided upon.
Morris tribune., 1916-08-11
Grain Harvest Finished

Reports from various parts of the
county today indicate that grain cut
ting will be finished this week.
Wheat is badly shrunken as the result
of the rust, blight and extreme heat,
and will be light crop. There is
also some shrinkage in barley but rye
and oats have favorable reports from
most sections of the county. A good
crop of hay has been put up and corn
may yet turn out to be the best crop
of the year.
Morris tribune., 1916-08-11

of 81, 200 5 per cent mortgage in
twenty years. An annual payment
of $685. will pay the same principal
and interest in thirty-six years.
The money may be used to buy
land, to equip land, to improve land,
or to pay any mortgage that was on
the land at the time the Federal Farm
Loan Act was passed. An amount
equal to one-half the value of the
land and one-fifth the value of the
permanent improvements may be
borrowed.
1t is certain that the Federal Farm
Loan Act will be put in operation at
once. 1t is possible that an attempt
will be made to have the banks esta-
blished at the time of the coming
election. The system can hardly be
expected to be in smooth, running Or
der for several months, however.
Morris tribune., 1916-08-11
July Makes Heat Record

The monthly summary of weather
conditions over Minnesota has been
issued by the weather bureau at St.
Paul and shows that month to have
exceeded all other Julys in the matter
of hot weather. The report goes back
to 1881. During the past 35 years
the average mean temperature for the
month of July was a little over 10.
The average temperature for July
this year was 70, or more than seven
degrees higher each day than the
average for the past thirty five years.
Only in six other years since 1881
has the mean temperature for July
exceeded 70 degrees. That was in
1914 when it reached 70.
In the matter IF precipitation the
report shows that rain fell on eleven
days during the month.
Morris Knights Templar expect a
heavy increase in membership this fall
according to present indications. This
week Secretary Burpee received a re-
quest from Alexandria asking that
twenty-five application blanks be sent
to that city where they will be filled
out and returned to Morris later in
the season. Similar requests have
come from other places.
Morris tribune., 1916-08-11
FARM BANKS MAY
CUT INTEREST RATE
Expect to Sell Bonds at d or S
per cent and Lend at l per
cent More

10 lend money to farmers on the
security of real estate, which loans
may be repaid on the amortization
plan, at rate of interest not higher
than per cent, is the purpose of the
federal farm loan banks, established
by the Federal Farm Loan Act, re-
Gently passed by Congress and signed
by the President. If these banks
could do all the farm-loan business
in Minnesota they would reduce in
terest charges at least 81, 168,0OO
year. There are about SAG, 100000
worth of farm mortgages in the state
and they bear an interest rate averag-
ing 6.8 per cent.
Loans will be be made by the banks
to local organizations called national
farm loan associations. These associ-
ations must be made up of at least
ten farmers who desire to borrow or
have borrowed money from the farm
loan banks. To get loan, man
must be member of one of these as
sociations. When he is admitted to
the organization, three men app~aise
the farm that he offers for security
and the secretary treasurer of the To-
cal association draws mortgage for
the land, which he sends to the bank.
The money is sent to the local associ-
alton when the bank has approved the
mortgage.
Bonds will be issued by the banks
on the mortgages held and sold to in
vestors. These are expected to find
a ready sale at 4 or 5 per cent.
The farmers borrowing money cannot
be charged rate more than 1 per
cent higher than the debenture bonds
bear. So, if the bonds sell at a per
cent, the money must be lent at not
more than 5 per cent. State and
national bonds in most sections now
find a ready sale at 4 per cent.
The capital stock of each of the
twelve banks, $75O,OOO, will be held
eventually by borrowing associations.
Each borrower must buy stock in the
local association to the extent of 5
per cent of his loan. The local asso-
citation in turn buys the same amount
of stock in the district bank. That
is, if man borrows 81 900 he buys
500 worth of stock. He need not
pay this in cash, but may have it ad-
ded to the mortgage. Al the time the
81 900 is paid, he will be credited
with the amount of the stock and will
be paid whatever dividends are due on
it. The stock is merely an added Sc
curity, and the only chance the Dor
rover has to lose it is to have his
farm sold for the mortgage.
The loans are paid on the amortiz
alton plan. That is, a certain amount
is paid every year, covering the in
terest and a small amount of the
principal. The loans run at the
borrowers desire from five to forty
years. A yearly payment of $8O.24
will cover the interest and principal
Morris tribune., 1916-08-11

their last stand. People from along
the Mediterranean were coming in and
settling on small tracts but they
aren't the farmers the people from
central or northern Europe are and
the outlook is rather discuuraging.
From lands are cheap and good and
there is an opening for some of our
enterprising western lads" Mr..
Finnegan's observations along this
line suggested the advisability of
colonizing rural New York and some
of the other eastern states with people
from Holland, Ireland, Scandinavia
and other European countries which
have furnished the west with so many
successful farmers.