The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1917-08-23

ors TO step In and buy them.
&c claim that Idaho cannot loan
Stou'UOO more on farm lands at g per
cent, where there Is over SlOO.OO0.-
VV borrowed on farm lands In the
s'ate at an average rate Of a little
over y per cent and when the United
states government can get applications
TOT over $2,0OO,O00 of loans within a
couple OF months, is certainly admit
tihg the obsoleteness of the land
noards method OF doing business for
Idaho.
Foresaw Condition.
Foreseeing this very condition Of
aHairs some months ago, wrote an
article on the handling of the endow.
ment funds and advocated a nonpar-
usan board composed of expert men
having large experience in land and
financial matters 10 look after and
Keep invested this ever increasing
sum or money, and advocated loaning
on the 36-year amortization plan to
borrowers from the federal farm loan
banks. This system OF loaning Is not
new, but has been used i'm other coun-
tries Tor over century, and has prov
en- beyond doubt to be the best and
cheapest method Of handling loans.
III this method is good for Uncle
Sam, and since Idaho must compete
with it. why not adopt 1t ourselves
and at least be able to give the farmer
the benefit?
Amortization Bill Killed.
Il had bill introduced In the last
session of the legislature which would
authorize the state to loan on the
amortization plan, etc. A senate com
mlttee introduced q bill to authorize
land loan bank, but both bills met
the same fate and were ordered
killed.
I'm this day and age, a large bank
ing institution has at its head men
OF experience in that particular line
or business, and does not change its
clerks, cashier or president every few
months for political reasons.
1T Is business proposition and IL
the bank is to succeed, business meth
DDS must be employed.
Divorce Loans From Politics.
This Is what should be done
with Idaho's land bank, and d.
vorce 1t from partisan politics, for
poiitics and financial matters cam
not mix successfully.
Since these remedies cannot now
be taken up until the next legislature
meets, the question Is, then, how best
to handle these matters under our
present laws.
Some OF the most important
remedies for the present condi-
ton of affairs would seem to be:
Get closer to the people.
Get the confidence of the bor-
rowing public
Make Ii Easier for the Farmer.
Make it easier for the farmer
to get his loan.
Treat an application from
purely business standpoint, as any
banking board or other loan
agency would do, and avoid cast
ing suspicion on the motives and
Judgment of the borrower and
likewise on the boards appraiser.
Make the applicant feel he has
a right to ask for loan and that
the state is not comforting a favor
on him, but that he is favoring
the state, and do not make the
farmer feel he is looked upon as
suspicious character or a sort Of
a criminal because he asks for
loan.
Start Advertising Campaign.
Advertise in each county that yotn
appraisers will be there at certain
times to take application for farm
loans, and TO appraise the land, an(
better, yet, have an appraiser in eacl
county, so that a farmer can go to hin
any day and apply for loan.
Pay the appraiser for the work h
does, and have him go to the farme
and not have the farmer wait unit
he accidentally hears the state ha
money to loan, and then must writ
in for information.
Have your appraiser make his ap
praisements while there, and If Their
are any differences they can be ad
justed before the application is sen
in to the board for its action.
Then show your confidence in you
appraiser and allow the loan on hi
recommendation, or reject it altogeth
er. This method would save man,
misunderstanding and much delay.
Appraiser i'm Each County.
Another thing, if the board has a.
appraiser in each county, who know
his business and knows his county, h
could take applications and make hi
appraisements JUST as well in the win
ter as in the summer, the same as an
loan company does, and the farme
would not have to wait many month
to get his loan.
THE present method of sending az
praisers to distant unfamiliar countie
often costs more in travelling expense
than local mans pay would amour
to.
I'm case of renewals, what diff
ference does it make whether
man has had loan or not?