Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1917-03-28

'eldIy-lTSaSuTer Cdil Keep inc min
utes Of the meetings and can act as
correspondent with the county secre-
tary-treasurer. In great many
cases bankers in adjoining towns
have volunteered to render this SER
vice to their farmer friends for the
first year or two for nothing. 1t
must be borne in mind that this en-
tire system is a cooperative one and
that a great deal of service will nee
essarily have to be rendered withOt.
compensation. 1t Is our endeavor to
provide the farmers In the Third
District with low rate of interest
and to make the annual tax on them
as low as possible. If we add to this
low rate Of interest, however, small
payments now and then for every
little service rendered to item the
total annual payments the farmers
will be required to make will reach
a point that will result in their los
ing the advantage that we are trying
to give them in providing funds for
them at low rates. There should be
sufficient community pride and en-.
ergy, both on the part Of the farm
ers and ON the pant Of their friends
in :own. TO provide some OF the SER
vices necessary for the present with
out payment, and 1t Is a pleasure to
us to be able 20 advise that c. great
many Of the bankers in the country
towns are realizing that this Is true
and that the entire communities will
benefit by the ability of farmers to
improve their properties and increase
their earning capacity and that,
therefore, they are willing to render
their farmer friends such services as
they can for the present, free. Later
on, in the course Of year or two, it
can be better determined what such
services are worth and what moneys
will be available to pay for such
services. and other arrangements can
be made at that time.
Abstracts.
Every borrowing farmer will nee
essarily have to provide this bank
with title to his property. 1t will
be to the advantage of farm loan as
sociations to have their abstracts
Of title made up in bulk by some
local attorney or abstract company.
This office does not propose to say
to the farmers that they shall turn
this work over to this or that indi-
vidual lawyer or to this or that ab-
stract company. The farmers may
designate for themselves who shal!
do this work, but it will be necessary
for aSsocia tiOns to submit to this Of
flee for approval the name of the at
torney or abstract company chosen
by them to do this work and if such
attorney or abstract company is not
satisfactory to this Office associations
will ne furnished with names OF at
tornc!s or abstract companies in
their localities who will he arceDta-
Bile to us.
Charters.
We are receiving daily hundreds
OF letters asking when we shall be in
position to charter farm loan asso-
Citations. 1t must be understood that
before a farm loan association can
receive charter from the Farm
Loan Board in Washington it will be
necessary for our official appraiser to
visit such association and pass upon
their appraisements and their plOs-
pective loans. When this official ap-
praiser makes his report to us we
will in turn examine it and will send
it to Washington with our recommen-
dation, and the Farm Loan Board in
Washington from then on will issue
the charter if in its Judgment and
ours the transactions OF the farm
loan association are sufficiently con-
servative and are legitimate. At the
present time the Farm Loan Board in
Washington has not appointed any
particular appraisers, and once these
appraisers are appointed, in the very
nature Of things they must reach
some associations before they dc
others. They cannot serve all at the
same time. neither can all the asso-
Citations be the first on the list. II
will take some time to cover the Ell
tire ground. Associations may rest
assured, however, that no unneces.
saly delay will be allowed by this
office and that all will be reached
and will be served as quickly as it is
possible for us to take care Of the
hncjuaSc