davidaulloa/AmericanStories huggingface dataset:
The Little River news., 1916-08-19

The federal farm loan act, popularly called the rural credits law" was signed by the president and became a law on July IF. The primary purpose of this act is to promote agri- cultural prosperity by enabling farmers to borrow money on farm mortgage security at a reasonable rate of interest and for relatively long periods of time To attain this object two farm mortgage systems are provided first, a system oper- ating through regional land banks and, second, a system operating through joint land banks.
 To attract money to the farm loan field the act provides a method whereby those who have money to lend can find safe investments in the form of debentures or bonds of small and large denominations issued by the banks and based on the security of mortgages on farm lands
 These two systems are to be under the general supervision of a federal farm loan board in the treasury department, composed of the secretary of the treasury as chairman ex- ofiCio and four members ap- pointed by the president. This board has authority to appoint appraisers, examiners and reg istrars, who will be public off, cialS.
The Little River news., 1916-08-19
THE INTEREST RATE
 PAID BY THE BORROWER.

No federal land bank is per mitted to charge more than six per cent per annum on it's farm mortgage loans, and in no case shall the interest charged OH farm mortgages exceed by more than one per cent the rate raid on the last issue of bonds.
 For example, if the bank pays only per cent on an issue of bonds, it can not charge more than ) per cent for the next farm loans it makes
 Out of this margin of not to exceed 1 pr cent together with such amounts as it can earn on it's paid in cash capital the bank must set aside certain re- serves and meet all it's eX- penses. Any balance or net profits can be distributed as dividends to the loan associa- tlOns or other stockholders The loan associations from their bank dividends, after set ting aside the required re- serves and meeting expenses can declare association divi- dends to their members. II this way the profits, if any, vii be distributed among the bor. roWers and will to that extent reduce the amount of intares actually paid by them.
 The federal land banks al, specifically prohibited iron charging in connection witt making a loan any fees or com missions which are not author. ized by the farm loan board
 The authorized fees need no be paid in advance, but may be made part of the loan.
The Little River news., 1916-08-19
Boys and Girls in The
 Poultry Club Work

Very few of our citizens know or realize what is being done by the boys and girls poultry clubs in Arkansas and other states. We doubt if many of the club members themselves know just how large this branch of the industry has grown to De.
 In the August number of the American Poultry Journal there is report by Prince T. Woods of visit he made to the office of Harry M. Lamon, senior an imal husbandman, United !States Department of Agricul- ture, showing the work Uncle Sam is doing for more and bet ter poultry.
 As the boys and girls have all arrived home by now, fresh from their stay in Little Rock, We believe that they, as well as everyone who reads it, will ap- preciate the following from Dr. Woods article:
 Poultry club results for 1915 .hCW organization in six states. l including 99 counties. Three hundred and fifty one girls and boys poultry clubs were organ ized, giving a total membership of 3,922. The members of these clubs set 23,227 eggs, hatched 1 16,94f chicks and raised 13,745 of them. Two thousand nine hundred and siXty-nine pounds of chickens were sold for $S22.- 96.. Average price per pound PIT cents. Two hundred and fOrty-ei9ht head of breeding stock were sold for $475.87; 1607.5 dozen eggs were sold fo1 S429.3f at market prices: 155. Q Sittings were sold for $92.59. Value Of stock on hand owned by club members January 1, 1916, was $7,331.S1, and value of equipment was $2,094.1 .19. During 1915 40 exhibitions were made by club members, 3.322 fowls were shown; 151 doz. eggs were exhibited; cash prize awards amounted to $1, 476.74 When the figures fer 1916 are published we believe that a very considerable in- crease will be shown.
The Little River news., 1916-08-19
GENERAL
 PROVISIONS.

The law, through the farm loan board, provides the neces- sary machinery for frequent ex- aminatiOns of the banks and the associations, for the proper cancellation of mortgages and for the safe custody of mortga- gees offered as security for bonds. When any mortgage offered as security for bonds withdrawn the bank is required to replace the security with other mortgages or with other satisfactory collateral.
 Heavy penalties of fine or imprisonment or both are i'm posed for violations of the act, malfeasance in office, fraud, embezzlement, dedication or other illegal practices,
The Little River news., 1916-08-19
X M MORTTZATION PLAN OF REPAYING LOANS.

It has been said that all loans are to be repaid on the amortiz, ation plan. This plan calls for a number of fixed annual or semlannual payments, which include not only all interest ant charges due the bank, but the principal as we'll. These pay inents are so calculated as to tXtinguish the debt in a given number of years. After five wars t' c borrower has sha right on any interest date to make additional payments on the principal in sums of S25 or any multiple therof, thus dis charging the debt more quickly
The Little River news., 1916-08-19
FUNDS AVAILABLE FOR LOANS.

After a federal land bank has loaned to first mortgage $5O,- GOO it can obtain permission from the farm loan bonds based on these mortgages, sell such bonds in the open market and use the money thus obtained to lend on other mortgages.
 This process of lending on mortgages and selling bonds in issues of $50,000 may be re peated until bonds to the amount of twenty times the banks paid up capital are out standing. If each bank should have only it's required mini- mum paid up capital of $750,- 900 this plan will provide even- tually, if all the authorized bonds of the twelve banks are sold, over $1S0,000,000 to lend on first mortgages on farm land. The banks, however, can increase their capital stock a. bove the required minimum and so increase the amount of bonds they can sell and thus increase the total amount of money a. vailble for loans on farm mort gages.
 To make these bonds attract i've to investors the bonds, to- gether with the mortgages up on which they are based, are exempted from federal, state, municipal and local taxation and are made legal investments for fiduci 2ry and trust funds. The capita, stock of the federal land banks is also exempt from taxation. Federal reserve banks and member banks of that system are empowered to buy and sell these bonds. They are to be issued in denomina- tions of $20, $50, $100, $500, and $1 ,000.
The Little River news., 1916-08-19
HOW LOANS ARE OBTAINED.

A IloIllDCi Ol d 1ldJlOndl Idl Ill loan association before obtain ing a loan must first fill out an application blank supplied to the loan association by the fed eral farm loan board. This ap- plicatiOn blank and other nec- essary papers will then be re- ferred to loan committee of the association, which must ap- praise the property offered as security. Such application as is approved by the loan com mittee is then forwarded to the federal land bank and must be investigated and reported on by salaried appraiser of the bank before the loan is granted. This appraiser is required to investigate the solvency and character of the prospective borrower as we'll as the value of his land. When a loan is granted the amount is forward ed to the borrower through the loan association.
 The act specifically defines the purposes for which loans may be obtained. These are:
 CD To provide for the pur- chase of land for agricultural i.ce.
 (b) To provide for thepur- chase Of equipment, fertilizers and live stock necessary for the proper and reasonable opera tioM of the mortgaged farm, the term equipment" to be de- fined by the federal farm loan board.
 Co To provide buildings and for the improvement of farm lands, the term ''improv- ment" to be defined by the fed eral farm loan board.
 (d) To liquidate indebted ness of the owner of the land mortgaged existing at the time of the organization of the first national farm loan association established in or for the county in which the land mOrtgaged is situated or indebtedness Subse- quently for one of the purposes mentioned in this section.
 Loans may be made only on first mortgages on farm land.
 Only those who own and cul- tivate farm land or are about to own and cultivate such Ian are entitled to borrow.
 No one can borrow save for the purposes stated in the act, and those who after borrowing do not use the money for the purposes specified in the mort gage are liable to have their loans reduced or recalled. The secretary-treasurer of each as- sociation is required to report any diversion of borrowed mon ey from the purposes stated in the mortgages.
 No individual can borrow more than $10,00O or less than $100.
 No loan may be made for more than 50 per cent of the value of the land mortgaged and 20 per cent of the value of the permanent insured improv- ments upon it.
 The loan must run for not less than five and not more than forty years.
 Every mortgage must pro- vide for the repayment of the loan under an amortization plan by means of a fixed num- Der of annual or semiannual in- stallments sufficient to meet all interest and pay off the debt by the end of the term of the loan.
The Little River news., 1916-08-19
The Strong Withstand the Heat of
 Summer Better Than the Weak

Old people who are feeble, and younger people who are weak will be strengthened and enabled to go through the depress- ing heat of summer by taking regularly Groves Iasteless Chill Tonic. It purifies and enriches the blood and builds up the whole system. soc. .ss.
The Little River news., 1916-08-19

The installments required will be these IL, shed in amOrtiza- tion tables to be prepared by the farm loan board.
The Little River news., 1916-08-19

by the farm loan associations, who must be stockholders in the bank. The federal farm loan board shall designate one of it's appointees to act as chaIr- man. The act requires tilar at least one of the three districts directors shall be expierenced in farming and actually engag- ed the time of his appoint ment in farming operations within the district. Any com pensation paid to the directors must be approved by the feder- al farm loan board.
 Each loan association must have board of directors and a secretary-treasurer. The di- rectOrs shall serve without pay. The secretary-treasurer shall receive such compensation as may be determined by the board of directors. The association must appoint an appraisal com mittee for the purpose of valu- ing lands offered as security for loans. No member of such committee shall have any in terest in the property upon which he passes.
 To provide funds for the cur rent expenses the loan assOcia- tlon may retain as a cOmmi&- sion from each interest pay. lDaIt not to exceed one-eightn | Of l per cent semiannualiy ur- Cl' the unpa ( principal of the loan. This commission is to be deducted from the dividends payable to such farm loan as scciation by the federal land bank. If the commissions are not adequate and an assOciat- ion does not wish to assess members for current expenses IL may borrow at 6 per cent from the federal land bank to an amount not to exceed in the i aggregate One-fourth of it's bank stock.
 The law requires both the land banks and the farm loan associations to make provision for certain reserves before they can pay any dividends.
 In sections where local con- dltiOns do not make the fOrmu- tion of associations practicable the farm loan board may auth Orize the federal land bank to make loans through agents ap- proved by the board These agents are to be banks, trust companies, mortgage compan- ies or savings institutions char tered by the state. They mag receive as compensation the ac- tual expense involved in trans acting the loan and involved in transacting the loan and in ad- ditiOn transacting the loan and in addition thereto a sum of nos to exceed One-half of 1 per cent per annus on the unpaid prin- ciple of the loans made through them. When thc farm loaf; board decides that locality is adequately served by farm loan associations no further loans are to be made through agents.
 In addition to the system of twelve land banks and the nat ional farm loan associations of borrowers the act permits the establishment of joint stock land banks and authorizes them to carry on the business ol lending directly to borrowers on farm mortgage security and issuing farm loan boT ,. These banks must have a capital of not less than $250,000. They are under the supervision of the federal farm loan board, but the government does not lend them any financial assistance. GENERAL
 PROVISIONS.
 The law, through the farm loan board, provides the neces- sary machinery for frequent ex- aminatiOnS of the banks and the associations, for the proper cancellation of mOrteaseS and
The Little River news., 1916-08-19
Primary Elections)
 ACT No. 1
PROPOSED BY INITIATIVE PETl-
 TION.

Notice is hereby given that the fol- lowing Act proposed by initiative petition was filed in my office as re quircd by law, and that the same will of the state of Arkansas at the next general election, to be held on Tues day, November [, 1916 Tor adoption or rejection.
The Little River news., 1916-08-19
FOE -tCT 20. i.
 AGAINST ACT No. l.

"An Act to Regulate Primary Flee tions and for other purposes.
Arizona republican., 1916-11-17

Hire a little salesman at The Re. onblican office. A Want Ad will see more customers than you can
Arizona republican., 1916-11-17
FOR THE WARS BROKEN MEN

Time and war go on and the thou sands of our sick and wounded come flowing back to us to be remade or marred
 The present system seems to be this: Refit the man for the army as quickly and as well as you can If he can't be refitted for the army, pension and discharge him at once.
 But this is q national. not merely an army problem. If 1t remains simply an army problem. our towns and country sides. when the war is over, will be plastered for the next twenty or thirty years with well night useless men. q burden 10 themselves and to us all men to whom we ought in gratitude to have given every chance and shall have given next to none. No good for a soldier any more; then dismiss him with so many shillings a week." Is it what the country wants?
 l take it the country wants two things. To rescue for each of these brave fellows as decent, self -resecting, happy lives as ever it can. and to se- cure for itself the civic and industrial usefulness of every possible citizen. To discharge disabled soldiers before all that is possible has been done for them, rescues nothing. either for man or state. On the contrary, it fills a hero's cup, perhaps forever, with incapacity, de- jection and insecurity; it fills the cup of the state to overflowing with use less citizens. This waste of national material is q tragedy of the future and in our country the fu,ure has frequent ly had to take care of itself.-John Galsworthy in the London Times
Arizona republican., 1916-11-17
\VORLD'S CHAMPION AUTO POLO
 TEAM TO OCLA5H WITH ENGLISH CHAMPIONS :
 AT FA|R GROUNDS FOR PURSE OF S10O0

Between the five periods an inter mission of two minutes will be d lowed tc give the divers amlle tme to change machines, secure more gas oline or to make necessary repairs.
 Sundays big contest may be the play off of the exciting series of hort contests during the MeeE. To cate the series stands even on the number of short games plas ed. The first Gav's Con.est went to the Amer ican team by the score of 7 to L. Tie English tenn piled up five runs whila the American players gathered rut TWO in the second days pay. Yesterday afternoon the score WAS tied at three mp.
 The captain of toth teams declared last nigrt that they would be the favol.tes in Sur days biz contest IS they maintained that they would oaptor- m; ierity Of the short con- tests duiing the week. In view of the va~iancc ir the two statements State Fair visito-s 'an look forward to ve v exciting contests during the rcmairing days of the fair.
 This ~ftcrnoon the two teams will again give another contest If 25 minutes in length at the Arizona St-te Fair grounds.
Arizona republican., 1916-11-17
By E. Attaway General Manager Mesa Egyptian Cot ton Exchanqe.

ton ESchanqe.
 The world waits in attendance on it's growth; the showers that falls whispering or it's leaves is heard around the earth: the sun that shines on it is tempered by the prayers ot all the people: the frost that chills it and the dew that descends from the stars are noted and the tres pass of a little worm upon it's green leaf is more to England than the ad- vance of the Russian on her Asian outpost. IL is gold from the instant it puts forth its tiny shoot. Its fibre is current in every Bank and when loosing its flecces 10 the sun. it floats a sunny banner .that glorifies the fields of the humble farmer. that man is marshalled under a flag that will compel the allegiance of the world and ring a subsidy from everS nation on earth
 And Why You Should Grow It.
 The Arizona Egyptian Cotton in- dustry is fully established. It's su- perior qualities have made a reputa- ton among the New England mills which has created a big demand. and the manufcctur are going to ex- pcct large quantities of cotton from our section in ihc future. We are getting inquiries daily from ali parts of the country as to how much co5- ton we will have next year.
 This is the only place in the United States where this kind of cotton can bc grown successfully and it is up to the wide awake farmers to plant q portion of his land in order to fill the demand. which ic getting greater every year.-The demand has enabled the cottcn firms in this val ley to aid all deserving growers anc with the proper attention. cultiva- tion ano etc, they should make on
Arizona republican., 1916-11-17
THE WORLD WATTS ON COTTON
 |TS REPRESENTATION INTO GOLD

ar average of one bale per acre.
 The cost of producing q bale of cot ton to the acre is about 13c per pound including rerts on basis O. about s25.00 per acre.
 There is one other feature that especially desire to impress upon yor. IT is strictly up to the grower whether he produces a crop or not The moisture conditions, which are so unreliable to the districts where they depend upon the rainfall, can ne con- trolled absolutely in this Valley. If you will properly prepare your land. put in ple1tv of seed. thn. cultivate and irrisate in a husband.ike manner, you can go down 70 the Earvest absolutely sure of crop. We have no boil weevil or cotton worm to threaten our crop and the Valley is so orgaa aiZec that in case anything Of this kind should ever matc it's appearance it will he immediately stamped out. The growers are thor ouEhly alive 10 the dangers m this direction.
Arizona republican., 1916-11-17
MRS. FERGUSON |S
 CHARGING ASSAULT

Charging that her husband Dr. C. volver and threatened to kill her. Mrs. Lou E. Ferguson yesterday in- sututed divorce proceedings in the superior court
 Mrs Ferguson alleges that on more than one occasion Dr. Ferguson struck and beat her while he even attempted to choke her. In the com Dlaint filed by her attorneys. Bullard and Jacobs, she charges that her health has been impaired and her happiness destroyed as the result of her husbands actions.
 The Fergusons, who were married in Glenwood Springs in 1911, have made their home on a ranch thirteen miles west of Phoenix. In order to prevent Dr. Ferguson from disposing of this and other property the plain tiff asks that a restraining order be issued by tfe court She alleges that by their joint efforts since their mar riage they have acquired property in the sum Of $50,000, including the ranch, realty holdings in Chandler, notes and live stock
 Mrs. Ferguson states that she was informed that Dr. Ferguson had sold forty acres of the community prop ertv and asked that he be prevented from disposing or incumbering part of or all the community property.
 -O--
 Hire little salesman at The Re. pnblican office. A Want Ad will see
Arizona republican., 1916-11-17

For purse of Sl,0J0 the worlds champion American Auto Polo team and the Eng. .ish champions will clash at the Arizona State Fair grounds Sunday afternoon at 2:30. This was the announcement of Secretary T. |. Shaushnessy yesterday afternoon as- ter he had persuadeu Manager Ean- kinson to postpone an engagemee; at Tucson to give the people O. Phoenix regulation length game of the dangerous sport ibat has com pletcly captured the interest of S.ate Fair visitors.
 TO allow the two teams -mDie room in which to play a regular game the fence separating the mi 2 and half mile tracks will C torl out and the teams allowed the ea tire space which will give them ample opportunity m which to per form all of the thrills and exciting incidents attendant to the sport.
 The regulation game consists of five periods of ten minutes each, \ hich will be played Sunday. This will give the players an opportun- ity to put forth their best efforts in an opportunity to capture tho gen. orous purse which has been hung up
 by the fair commission.
Arizona republican., 1916-11-17
Hayden Happenings
UNWILLING OF CHARTER

The Epworth League viii have an unveiling of their charter next Snn- day evening. Rev. Atkinson wi l make the principal address, followed by members of the League Every one cordially invited
 Presiding Elder Atkinson will hoid the quarterly conference of this church on Saturday evening at $ ?. m.
 Next Sunday evening Rev AdlSin- son will preach at the regular hour for service.
 Mir Bland has availed the oppor- unity of securing a circulating li-