Crossville chronicle. [volume] (Crossville, Tenn.) 1894-current, 1917-01-24
FARM LOAN ASSOCIATION.
Meeting Called for Next Saturday to Or
ganize for Securing Loans,


Farmers attention. There will be
meeting of those farmers interested in
farming, a Rural Farm Loan Associa-
tion Saturday, Jan. u, at 10 clock,
at the court house.
To those farmers, or those who in
tend to be farmers, the Federal Gov
ernment Is now perfectlng rural
banking system through the coopera-
tion of the farmers themselves, that
will enable them to borrow money on
long time, with small rate of interest
and so fixed that the principal of the
loan IS to be paid back IN annual pay
ments, along with the interest. THIS
money can be borrowed for from to
40 years, by giving a mOtgage on your
land You can obtain so per cent on 1t.
In other words, If your land is worth
So, 600 you can get 81, 600 on it, by TAX
ing 5 per cent stock IN the Federal
Bank, which would be $1,000, you to
hold this stock as long as your loan
lasts. The interest will not be over
SIX per cent and probably less. This
money is to be used Tor permanent i'm
provements, such as paying of lndebt-
eduess, mortgages, putting up 4 sllo,
buying stock to stock the farm, or for
farm implements. Sc DIS. fertilizers,
etc, and when yoE borrow tins money
you must set out % hat You intend to do
with 1t ana then after you get it use 1t
for that purpose.
Money can also be borrowed with
which to buy land.
OPPORTUNITY.
If ever this county is to be develop
ed, now is the time to do 1t. The peo-
pie OF this county should take advant-
age of this means to Obtain money to
develop their all Lne~er.ss5s--
sosts. or purchase stock. machinery,
etc, to success ully run farm. with
out money.
Our own people are the ones to de-
velop this country. They are the ones
who are familiar with conditions here,
and the more prosperous and np-to-date
we are, the more people will come and
settle among US. We can have one OF
the richest and most prosperous coun-
ties in the state, If we try.
There is no reason why this county
should not obtain large amount OF
money from this source. OF course the
loans will be small at first, but that
can be made up by more individuals
joining 1t.
Now | want to say that this does IN
no way interfere with the banklng
conditions that now exist but Will, on
the other hand help the farmer to
meet his personal obligations and bring
q larger amount Of money into cIrcula-
ton.
Now, let US have genuine coopera-
ton, not only among The taF1ers them
selves, bat let our slogan he this year;
Permanent Improvements -
Now tire cry Of the nation and all
the world is more 'FOOD" and 1T
looks like somebody must be digging
into the soil and getting 1t out, or star
vatlon will be abroad IN this lana,
which Goo has smiled on more than any
other. and where he picked for his
chosen people TO live.
Let US get to work ard make these
now un-productive acres, blossom as
the rose.
Let US raise everything that we need
for our own use, and some to sell. Let
us cover these great pasture lands IN
summer with cattle and sheep and
hogs. We can make this banner year
| if we will; we can fill our cribs with
corn and our barns with nay and make
Eaters to sell the city folks.
Don't forget Saturday. Jan. II, and
be there. Make "a start to get some or
this cheap money to develop your
lands.