The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1916-10-12

is THE SHADOWY SUBSTANCE
OF THINGS HOPED FOR-THAT
SMART CARPETBAGGER ASKS
MISUNDERSTANDING THE IT,
TIES.
NUMBER TWO-COUS-
SIN BEN TO FARMER NED.
Washington, D. c., Sept. IL, 1916
Dear Cousin Ned
l have been chuckling for q week
over your dismay (as l saw you in my
vision of Rural Credits) when you dis
cover that all three farmers on your
appraisal committee must agree upon
each appraisal, not by a majority, but
unanimously. Farmers have hard
hard work to get together, but mutual
interest will finally get all the ap-
praisals fixed up somehow.
So you hold a meeting of your Cred
it Union, and all ten appraisals are
approved and a lot of blanks are filled
out and mailed to the Federal Land
Bank. These are the applications for
your loans, duly approved and endors-
ed by your National Farm Loan As
ISOLATION. It took a lot of talking to
show the fellows about why they had
OF buy stock, and it was a tremendous
job to fill out all those blanks, but you
Clipped in and paid Squire Brown s25
to fill them all out, shipshape.' He
spent two days on the job and charg-
ed $25-the old hog. So that cost
you $3.50 apiece. But it is all done
now and the papers are mailed to the
bank, and you ten farmers and Squire
Brown sit around for two hours swap
ping stories of your early pioneer
days, until it is way past feedin' time
before you get started back home.
You have calculated that the bank
ought to get your papers next day,
and, allowing a whole day for the
banker to read your papers (if he
doesn't just o. K. them without both
ering to read Squire Browns hand
writing) you ought to get the cash by
the end of the week at latest. That
will come just right--between the hay.
ing and cultivating the corn, and you
lay your plans to 60 right to work
with some help, ditching that swamp,
as soon as the money is here.
Well, in about ten days, the secre-
tary of your National Farm Loan AS
ISOLATION calls you up by phone and
notifies you that tehre is to be a meet
ing Of the Association next day. He
says he has heard from the bank, but
the pesky phone buzzes so you can't
understand just what he says the
banker wrote. Anyhow, the money
must have come, so you will knock oft
work and go to the meeting and get
that money and put it in the bank
where it will be safe until you use it.
When you get to the meeting you
find that there is just a short letter
from the banker, saying he has ne
ceived your ten applications for loans,
together with your appraisals, and
that as early as possible a Federal
appraiser will be assigned to visit
your locality, and pass on the apprais-
ais, and if he certifies them as salts
factory, a charter will be issued ia
your National Farm Loan Associa-
ton and the loans be made.
None of you had understood about
this carpetbagger's coming to do the
appraising. Why didn't they tell you
before, instead of your spending all
that time appraising each others
farms? Both appraisals necessary
Bosh-why, that's foolish, for wher
Ben Sampson put a mortgage on his
farm he went to Squire Brown ant
filled out a statement which Squire
Brown signed under Ben's name, am
the Squire sent it to the insuranc.
company he was agent for, and insid.
of a week Ben had his money. Their
wasn't all this appraising and doubl'
appraising.
When is that carpetbagger coming
The banker says that there has bee1
such a flood of applications that thei
appraisers are unable to keep up wit
the calls on them, and as there is non
within three hundred miles of you, j
will perhaps be some months befor
any appraisers will reach you. In tn
meanwhile the banker hopes the della
will not inconvenience any of tn
members. Of course not. When
farmer sets out to borrow money, an
old time will do-if he is in no hurr,
But that puts off the improvement
you intended until harvest and the
~threshing, are upon youth fact yc