The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-12-28
BALTIMORE WINNER
OF FARM LOAN BANK
Columbia, S. G., Secures Institution
Which Raleigh Put Up Stiff
Fight to Capture.
FOR LOANS
SWAMP LOAN BOARD
While Six thousand Apply for Jobs
In the Twelve New Institutions
Farm Loan Bonds to bc Issued at
Once.

Washington. Dec. 2T.--The Federal
Farm Loan Board today announced
the names OF the cities in which the
twelve Federal land banks are to be
located and the stage lis set now for
the opening of the stock books OF
the banks January 2. Zach bank will
place on sale $4,000 in stock Such
of the stock as Is not taken up by
the public in thirty days will be
purchased by the government. 1t is
expected that little OF the stock will
be bought by the public az the stock
cannot be voted except by farmers
belonging to national farm loan as
soiations. Purchasers not belonging
to such associations must reituQuish
their stock holdings at par whenever
1t shall be called In.
List OF Lucky Dozen.
The twelve cities in which Federal
land banks are to be located and
their districts. as announced by the
board today follows:
No. l-Springfield. Mass: Maine
New Hampshire, Vermont, Massa-
chusetts, Rhode Island, Connecticut
New York and New Jersey
No. 2-Baltimore. Md: Pennsyl-
vania- Delaware, Maryland. Virginia
West Virginia and the District of CO.
lumbia.
No. columbia. s. c.: North and
South Carolina. Georgia and Florida
No. Louisville. Ky: Ohio, In
diana, Kentucky and Tennessee
No. New Orleans, Alabama, Mis-.
sissippi and Louisiana.
No. 6-St. Louis. NO.: Illinois, Mis-
souri, and Arkansas
No. st Paul. Mimi: MtchiRan
Wisconsin, Minnesota and North Da.
kota.
No. s-omaha, Neb.: Iowa. Ne.
braska, South Dakota and Wyoming
No. 9-Wich!ta. Kans.: Oklahoma
Kansas, Colorado and New Mexico.
No. 10-Houston. Tex: The State
of Texas.
No. 1l-Berkeley. Cal: California
Nevada. Utah and Arizona.
NO. 12-Spokane. Wash: Wash.
ington. Oregon. Montana and Idaho
These cities were selected by the
board from a list Of $50 which ap.
piled for Federal land banks and were
given consideration. The board ex.
planned in making the announcement,
that 1t had chosen the cities because
each one offered the best facilitie.
Tor handling the rural credit need.
of the districts in which It was 10.
Gated
st. Louis Much Favored.
A curious development OF the desiE-
nation Of the cities Is that st, Louis
becomes the Official center of more
financial activity than any other city
in the country. Today's decision make,
it farm loan city. 1t Is a Fedora
reserve city with q Federal reserve
bank. 1t Is one of the three central
reserve cities 1t Is sub-treasur,
city. No other American city has &C
| many Official financial designations.
| Within the next two weeks the
Farm Loan Board will name Ave tenn.
porary directors for each Fedora
land bank. When any bank has lent
100000 and has 100000 of it,
stock In the hands of farmers. 1t be.
comes self-governing. having nine d.
rectors. six to be elected by it's sup
porting farmers and three to be named
by the farm loan board. The Director
shall choose the bank Officers, includ.
ing appraisers.
There are now more than six thous.
and applications In for positions In
the banks. while there are applica.
tions for loans equal to twenty time,
the capital stock proposed Of all tbs
banks In the system.