davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Look Ahead

The country has been prosperous tor Z12
wears. Farmers, Manufacturers and La
borers have been making and saving
money.
All these have received large profits and
high paw. The country is full OF money.
About thirty days ago war was declared.
Then a lull followed, awaiting readjust-
mentS.
Congress has authorized bond issue of
seven thousand millions. This money will
be distributed throughout the United
States within the next six months. Manu-
facturers, Farmers and Laborers will be
buster than ever. The people will have
more money than ever before.
When peace comes all branches of indus
try will be kept going to capacity, making
materials the manufacturing OF which the
war has prevented. Labor will be en-
ploycd at the highest prices. There will
be two jobs for every one man willing TO
work.
Every commodity has gone up to the
highest value but real estate-that is still
AT the bottom. 1t is the last to feel the
effect of good times.
Real estate is bound to feel the effect of
prosperity and expansion. Now is the
time to buy real estate, when nobody
wants it. Think it over and send for
booklet. Auction sale of 1445 lots on and
adjacent to Boston Post Road and White
Plains Road. Lorillard Spencer Estate.
for the heirs and New York Public
Library. Saturday, June End, on prop
erty. 75fo at 80 or 6Oco at 3l2fo can
remain on mortgage. Titles insured free.
Joseph P. Day, 81 Nassau Street.
J. Clarence Davies. 149th st. and Sd Ave.
Agents and Auctioneers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
NEW JERSEY

ron sA.y-ro CLOSE THE LslATE OF Thh
Ga.. jon Ululasl. tNo-s.ofy .I1 p.sas.. ~,
,.n.lly frsns dssirss -iih a. s.,a srs,r.
:. stt..s.I - Ti..tou 81. n The town OF it4e.i.
10 minute I'd. D. irosy ,'o 20 e. scr S.'
- 80 tsrI :, ard Coffisndt s. No WsNi =
80 t,'.,r-rstion address Ererlinrt. }. e
TRANCK aos Morgan - ioSn o. 1.lS..- =
JoUN JtNs "a Taird -. ioN" o. '''0'' - -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Active Securities
Bonds

in bonds on the New York
r'.sarSc Tuesday amounted to
sea ..a against s2,Ooe,OO0 Monday.
e~'. ..s , week ago and sa,OSi'OOo a
SS" From January l TO date.
a'r - ana against Slo5,li6,oOo in
AZ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Sugar Futures-Tbe tendency Of the con-
tract market yesterday TO case of, but
after the opening sharp break of TO l.
points prices did better. and around midday
there were gains OF { or points. the decline
being checked by Cuban support in the July
position. but with this demand withdrawn
and a weaker spot market prices declined at
the close. net losses for the day being 70 l.
points. with total sales amounting to ls'5oO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
SHERIFF'S AUCTION SALES

HENRY BRADY. sHERIfTs AJCTfONEER.
sels this day, Wednesisy May a. 1871. al 1
O'Clock I. the Afternoon. a. q. A Chl~lck 4 Co.
8; Wan 81. third toor. Orrce Furniture, eonsistiag
% desss chairs ss.ss booscaSss. r4xs. ype~rttsss
80. Goods must Re removed Immediately afsr the
sale AIfRfD y. SMITH sheriff.
NICHOLAS r. sINNorr. Deputy sh-riS.
HENRY BRADY. sHERIFT's AuCrfONEER
sells tA5 day. Wednesday. May ls 1917. e. ~
o'clock IN the forenoon. al No s0t frankin "
Room No 1910. SAFE. desks. chairs ypv~ritns ns-
c.ines. RE cabinet. rugs etc sooS must b 20
nOtoi Immediately after TIE sale
ALFRED Y. SMITH. Sheriff.
THOMAS y. WINTERS. Deputy S..srR
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Sales. Omen. High. Low. Last
lo0n Penn Gasocuc "a "a a "a
$500 'Ricc Oil ... - 2
1000 'Sapulra OAR o. "a
10000 Scquoyah OAR IL ia "a IL
500 'SnclsirGulfCp 81 81 20 so
5000 united West OIL q = 81
3iOO utah 2 Cotspl 30 80 80 80
500 Vacuum G. & O. a "a "a .
$40 Victoria O now o. g.. ?
800 'West State. Pet - T.. ia ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Coffee, Sugar, Tea and
Cottonseed Oil
and

Coffee Futures-Cofee futures were less
active yesterday. The decline OF last week
seemed TO have left the market in steadier
technical position. however. and selling wso
not aggressive. owing TO the continued an
.ence OF pressure from Brazil. After opening
al a decline of 5m 10 points. there was littie
further change in prices. with the close
steady at net loss of SAG points. sales
were reported of $4,000 bags.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Commodities .

20 29iac. in the leading markets. AT
the same time little cash wheat was
available, and quotations in the local
market were entirely nominal. Inc
movement at interior points continues
quite liberal. despite the scarcity OF
offers, and it is becoming more and
more apparent that European buyers
and domestic mills have absorbed an
abnormal amount OF wheat, and that
little of the remaining stocks are free
for either grinding purposes or Tor
export.
The weather over both the winter
and spring wheat belts was much i'm
proved. Temperatures were normal,
with bright sunshine. II IS expected
that under these conditions crops Will
continue to improve and that the next
government report will show marked
/ Improvement over the May report. The
political situation was looked upon as
critical. in Russia, and apparently ex-
port buyers were still trying to buy
cash wheat for early shipment, but with
little success. Prices follow:
Yes'day's Prev's Year
Cash. close. close. ago
New York. $3.50 $3.47 s'.2oI2
Contract:
Cbicaco Nav. 1854
Chicago, July. PAP 2.59 ll||a
Corn.-Thc market felt the influence Of
the DECLINE in wheat and prices lost "a 10
3a,c under Iiouidatinr sales Business wa
still confined 20 the late months and COM
mission houses were not disposed 20 cncour-
sQe new, operation. Weather was iavrr'
able for the new crop and active growth T.
, anticipated. Receipts were in excess ot hotn
last week and last year. but. apparently
/ those who own the corn are not disposed e
sell freely and there was an absence o.
hedging pressure Local cash p-.ccs were
easier to conform with the decline IN iu''
ures. Quotations follow:
Yc.'days Previous Yea
Cash. close close. ago.
New York .Sl/9I2 $40 .o
Contract:
ch hisaso, jug. 1854 1861 .744
Oats.-Thc decline in the other markets
and the fine weather FOR the new crop caused
considerable pressure in oats. and prices az
the close were 2aic 10 Sc net lower. no
operations were permitted in the May post
ton and outside interest in the market was
limited The cash market was lower. Prices
Yes'dsys Previous Year
Cash. close close. ago.
New York ...... i've ~ -oO !
Contract:
Chicago. Nag. 40 !
Chicago. July...... 90 .os'a 80
Rye. Market steady.
Yes'days Previous Year
Casb. close close. ago.
New S'1 York. bush .... $3.50 $3.50 si.o7'l
Flour and Meal. Quotations were:
Yes days Previous Year
close close ago.
Flour Mimi. -ug patsi65o sf6.75 $500
~ aour choice $3.50 f275 1878 500
Eorn.....I lin d-icd $50 $50 i.25
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
'||-'|||3
TRADEMARKS
REGISTRATION NOTICE:

REGIsTRATION NOTICE:
Mary g. Shields corsstiere EOS West
ie5th street. New York city and County
has registered the following name. trade
mark. label or private mark. Viz. La
Msrquise 20 be stamped or othsreis.
marked on oorseis and on the box ar
package containing same aud has the sole
night 20 use said trademark
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

ordinary to fine. % "a 36i2c; Western and
Southern. gathered whites, 35iam Size
state. Pennsylvania and nearby. hennery
browns. 37m &c: gathered brown and
mixed colors. ungraded. 3JG SO &c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
CAMPS FOR RENT

ron RENr-T3uE- ROOM CAN'T ,, iNlshhp
~ MYERS. III Grand ave Rochester >.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Consolidated Exchange

1 | nit Of trade on this exchange. 10 shares''
Transactions and prices yesterday Tor me
80 ..t,,. e,o,ls folIoy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
rO LET FOR BUSINESS PURPOSES

ATTRACTIVE LIGHT OFFICES. LAEGL AND
.,I 81, moth ID Including continuous SER
a.-. suplg.iy located. uiasi!ieet r4.4e.H once
.ldll= no Nest iOth b.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
State and City Bonds

NlC 4i.s 1853 y 4s 1893
7 600 1857 5000. .... e91s
do a., 1865 do 3ias 1884 Nov
eoe 1857 5000. S7Hs
DO as 1864 1000. ..-.' o.
1900. ioo34
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Save for Victory

THE peace of the world and the security OF liberty
i arc dependent upon the use we now make OF our
national resources
Our Government appeals all to help assure the I'M
mediate success of The Liberty Loan.
The ends of sound business practice and patriotic SEN
tmcnt arc both served the purchase of Liberty bonds
Valorou men and yalorous dollars the nations
service that its institutions may be preserved and its lite
and property be protected
The war bond issue available all in units as low as
$50 and as high as 100000.
The thrift and wealth of the invited to JOIN
hands in SAVING FOR VICTORY. No one is ex-
empt from this obligation
The mar 7te 1alr the soouo uW victo,y be uon.
Guaranty Trust Company Of New York
40 Broadway
A.. 4. Aa,JS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
(QuotatiOns)

,r.,.in. Gov 1917 Jap Gov 4iss 1925
100 Giooi2 81 s2>2
a 9. 1920 Jap sterling loan 81
esLG 90 1850 30
aS. 1909 Mex gen 5s 1890
8, a se7, so a 50
ca Govt s. 1917 do IS 1898
100 6ioolA IS a 3aL 8
csirss Govt Rys IS Montreal CITY IS w
1850 72Isl ee34 a ioo3s
CITY fokio IS 1912 do 5s 1919
Y a 1879 ee3s "a 100
c.sa, br IS 1904 Newfoundland Is lslS
g. "a es34 $500 %
&wAls49 Norway es Oct W.
s2s.a e27s 100 a iOo'4
coIi., ls49 do IS DEB TO
s4I.G 90 1oHaa1o4
l-f Ess rub 5i9s 20 Quebec City os ls-V
pap n PAS eeIaatoo14
% SIS 1919 Rep OF France 5s
80 81 14s e15i
z5 Rus rub SIS Swiss gen os Mar lEI'
" n 70 eel n 100
lsl Gov > Oct 1916 do S. Mar 1920
90 a ssIs es7sq 100
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

OatS.-Thc decline in the other markets
and the fine weather FOR the new crop caused
considerable pressure in oats. and prices al
the close were pa 20 10 Sc net lower. no
onerations were permitted in the May posi-
ton and outside interest in the market was
limited The cash market was lower. Prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Rye Market steady.
Yes'day's Previous Year
Cash: close. close. go.
Nov York. bush 90. $3.50 $3.50 si.o7i2
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Flour and Meal. Quotations were:
Yes day's Previous le
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
BOROUGH or BROOkLiN.
LONG ISLAND

rgrrPoRr wArEE FRONT 49,.
p,.-s,ise.s AID Houses. s. 100 W 40 be!.1. 8
POS On hina.l pa a. e,rsgiSr
IONS ]. RANDALL co. irseso'i' l. J.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
DIRIGIBLES READY TO
Be TESTED SOON

With all work practically complet-
ed, the new school dirigible of the
aeronautic station will probably be
tested within the next week or ten
days. Charles F. Smeth, of the Con-
necticut Aircraft Company, makers
of the pioneer dirigible, arrived in
the city yesterday to supervise the
final work, and stated to The Journal
that little difficulty is expected.
Agents of the company will con-
duct all preliminary tests of the big
craft, pending its release to the gov
eminent, and after acceptance will
teach several classes of officers in
handling the machine.
Contract has already been awarded
to the company which built the dirigi-
BILE for several "blimps," a type of
machine differing from the dirigible
only in the carriage, for which the
machine here has the regulation
gondola, the ''blimp" has an airplane
body suspended beneath. The dirigi-
BILE here is the first of its kind ever
delivered to the navy, and the COM
pany which built it is regarded as the
pioneer in this line.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27

the production of the soil and simply
selling land does not solve productive
problems. We must bring together
owners and purchasers who have had
experience in agriculture and horti-
cultural activities, and money to
finance the plans. So that there is a
reasonable supposition that they win
become developers and actual pro-
ducers.
"Fhe service department of the
Gulf Coast League should make a
very careful survey of this entire
territory and knew exactly what we
have to develop because we will lose
much of our advertising results I'M
less we are in a position to crystalize
them and use them to the best ad-
vantage of the territory.
California, after Is years of pub
hcity without service organization,
was finally brought to the necessity
of it and organized the San Fran
cisco bureau, through which eff
cheney is being attained. We think to
profit by CALIFORNIA; experience"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
k|LLED|NHOME
BY 4 BURGLAR
Prominent Philadelphia Is
Shot BY Negro, Found
In His Home
81 AssOCIATED PRESS.


Philadelphia, March 26.-Harold
Ellis Yarnall, secretary and treasurer
of the Midland Valley Railroad, and
prominent socially, died early today
from a bullet wound sustained while
defending his wife from the attack of
a negro burglar at their home here
last night.
Mr.. Yarnall was rushed to a hos
pital and an operation was performed
about midnight. He died three hours
later.
Mr.. and Mrs Yarnall had Just re-
turned from day spent at their
country home at Media when she en-
countered the burglar in her room.
She grappled with him and screamed
for help. Mr.. YarnalI, who was in
his bath, rushed to his wife's assist
ance and hurled the negro into the
hallway. The latter then drew a re-
volver and fired, the bullet entering
Mr.. YarnalPs groin and penetrating
the liver. Mr.. YarnaIl continued to
struggle with the negro and succeed
ed in forcing him backward down the
stairway. After firing another shot
the burglar made his escape through
an open window. He took only a
handbag containing about 500 in
cash.
Mr.. Yarnall was 81 years old
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
Sentiment Massi71g Back of ~-
'Alafla111ss' to Develop Country

In an attempt to stimulate interest
in the publicity for "Alaflanniss,"
DIR. Fl. w. Taylor, of Mobile, who is
now in charge of the work, is in PEN
sacola and win have headquarters
here for week or ten days. DR..
Taylor, discussing the work with
The Journal yesterday morning, said
that he was met with the greatest
cooperation in Mississippi, and that
practically all the large land owners
were enthusiastic over the plan, and
pledged support.
The present work is solely to visit
the large land owners in the counties
embraced in the scheme, and to get
them to assist in the movement. The
smaller interests will not be enlisted
in the movement until the aid of the
larger owners is assured. When this
is done, the plan will be ready to be
launched.
81 feel that permanent develop
ment of this territory" said DIR. Tay-
lor, els to depend to sorae extent on
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
ALLIES STILL
PLUNG|NC ON
French and British Capture
Additional Positions;
Germans Stiffen
BY ASSOCIATED PRESS.

Three additional villages have been
captured by the British and French
operating between Arras and Sois-
sons. The British took Lagnicourt,
six miles northwest of Bapaume. and
Folembray and LaFeuille in the Coucy
region are in the hands of the French.
Paris also reports gains for the
French northeast of scissors, but no
important changes occurred in the st.
Quentin region, where the Germans
are stiffening their resistance. The
Russian war minister has arrived at
Riga, on the Northern Russian front.
Trench raiding is continuing in
other sections Of the French front,
especially east of Dixmude and Steen-
streete, Belgium. London reports
five German airplanes were brought
down in East Armentieres, but says
seven British machines failed to re-
turn to their base. Germans are re-
ported to be in force on the North
Russian front. South of Dvinsk, in
the region of Postavy, after having
loosed a gas wave against the Rus
slams, the Germans advanced, but
were repulsed, according to Petro-
quad. Another crossing on the Per
sian frontier has been effected BY
Russians. They have entered Villayet
Mosul, on the Tigris river for a con-
siderable distance, north of Bagdad
along which the British are pursuing
the retreating Turks. Russians have
also captured the Turkish fortified.
tions at Kalaiehahin, menacing the
Turks on their way up the Dials
river.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
WILSON Is DEAF TO
DREW AND CAMLNETTI
BY ASSOCIATED PRESS.

Washington, March 26.-Prcsident
Wilson today denied the application
for pardons of Maury l. Diggs and
F. Drew Caminetti, convicted in San
Francisco under the white slave law.
This means the men must begin their
penitentiary sentences. The supreme
court recently in affirming their con-
viction, held the law applied to per-
sonal escapades as we'll as transpor-
tation of women for commercial pur-
poses.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
BIG SUCCESS
IS Be NEF|T 7.
OF RED CROSS
Over $135 is Cleared From
Theatre and Novelty
Sales
STARTLING GROWTH
OF LOCAL CHAPTER
Mrs. Berry In An Address
Conrnends Unanirrity
That Made Success

Featuring Enid Bennett in "The
Princess in the Dark" the benefit
which was given at the Isis theatre
yesterday afternoon and evening was
most successful in every way, and
$135.95 was realized for the cause.
Acting with Mrs. C. S. Bonacker
and Mrs Frank L. Mayes, were the
other members of the Ways and
Means committee, Mrs. ]. E. Turtle,
Mrs. n. L. Simpson, Mrs. J. F. Tay-
Ior, Mrs. NJ. ]. Elkan, Mrs. Mabel
Lewis, Mrs. J. P. Stokes, Mrs. George
H. Hervey, Mrs. NJ. A. Quina.
Wearing the costume of the Red
Cross, Misses Nora Wells, Marjorie
Yonge, Leila Abercrombie. Mildred
Anderson, Evelyn Maxwell, Sara
Goldstucker, Virginia LeBeau, Susie
Sheppard, Adele Chaffee, Mollie
Blount, Baya Cline, En- Turner Mer-
rift, Elizabeth Moreno, Lillian Nc
Donald, Dorothy Reeves, Sadie Ku-
gleman, Clara Stokes, Mamie Weller
and Elizabeth Aiken sold tickets, Red
Cross souvenirs and candy, and at
the San Carlos hotel, chaperoned by
Mrs. George Fl. Hervey, Misses Ada
Hilton Green and Jane Durham sold
the Red Cross kits. All the souvenirs
found ready sale, but this was par
ticulariy true of the Red Cross kits,
two of which netted five dollars each,
others bringing much more than the
twenty-five cents, which was the sale
price.
At the Isis theatre in the evening
Mrs. George A. Berry, chairman Of
the Surgical Dressing committee and
in charge of the Red Cross work
rooms, made a short talk.
cit changed the map of Pensacola, >
is the way in which Mrs. Berry sum-
married the success of the organiza
ton since its start three weeks ago
when the work started" said Mrs
Berry, 'there was an East Hill, North
Hill, Bayshore, Post and Navy Yard
But now, one can step inside the
rooms at headquarters and see WON.
Continued on Pare TSuol
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27

The borrower can fix the time he
wants his loan to run, and this fixes
the amount he must pay every year
in order to pay it off, both principal
and interest. He can not fix the rate
of interest, for this is determined by
the rate OF interest which the federal
land bank must pay in order to sell
its bonds.
If the rate of interest which the
borrower must pay is per cent, and
the borrower says he wants 20 years
in which to pay off his mortgage, then
the above table tells him he must pay
S60.24 every year on each $1,000 he
borrows. He will pay proportionately
for smaller or larger amount.
If he wants his mortgage for ST.
900 to run for 40 years, then the table
shows him, under the same interest
rate, that he must pay S5828 an
nually.
1t should be remembered, as pre-
viously stated, that no matter what
term the borrower fixes at the be-
ginning for his mortgage to run, he
has the privilege of paying it off at
any interest period in whole or in
part.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
PROHIBITION AMENDMENT
WILL BE URGED

Dallas, Texas, March 26.-Efforts
to secure the adoption of a resolution
for a constitutional amendment pro-
viding for national prohibition viii be
pressed at the coming extra session,
this being announced by DR.. ]. A.
Barton, of Dallas, chairman of the
commission directing the campaign Of
the "bone drys." The possibility Of
war with Germany will be made the
reasonj and ground for a renewal of
the fight, Barton said.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
Well known Hera.

Hon. E. NJ. Lovelace was one of the
most widele known citizens of south
ern Alabama, and was also we'll
known in Pensacola and Escambia
county. He was interested in a saw
mill business, and his lumber inter
ests were extensive, large acreage
being controlled in Escambia county,
Ala, and in other parts of the state,
He also had interests in Pensacola,
which city he has been visiting for a
number of years, and his death was
heard in lumber and export circles
yesterday with much regret.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-03-27
FARMERS ASK
US. FOR LOAN
OF $4,000
Farm Loan Association Is
Perfected With 35
Members
w. D. WILLIS IS
CHOSEN PRESIDENT
With Preliminary Work
Done, Development
Will Begin

Electing officers and subscribing
for loans aggregating $36.o50.35,
members of the Southern National
Farm Loan Association of Pensacola
met in the city hall yesterday morn
ing and completed preliminary organ
ization work.
The board of directors is compos-
ed of A. S. Edwards, W. D. Willis,
William P, Davis, H. o. Sovelle, Jacob
Longheed and G. c. Clopton. The
officers are w. D. Willis, president;
H. o. Sovelle, vice president, and E.
R. Malone, secretary treasurer. The
loan committee is: w D. Willis, w. P.
Davis and J. R. NJ. Gates.
Immediately on converting the asso-
citation started work on the individual
loans and property, which consumed
some time, practically the entire
morning being used for this work.
The system has been organized to
enable operating farmers actually
engaged in cultivating lands to secure
money for the purpose of improving
their methods and Increasing their
yields. 1t is distinctly without po-
litical influences. mo loan," the law
itself says, shall be made to any per-
son who is not at the time shortly to
become engaged in the cultivation of
the farm mortgaged." Borrowers
must be the men who are operating
their farms with either themselves
or with hired help. They must be
residents of the territory in which
their farm Is located. A man living
in one state and owning a farm five
or six hundred miles away, will not
be considered eligible for membership.
A farm owner who has on his farm a
share tenant, can probably secure a
loan through the system provided he
shares in the profit and losses. A
man living in town or in the country
owning one or more farms which he
| lets out for rent at so much per acre
cannot borrow on such farms through
this organization.
The interest rate is five per cent.
A loan made for period of Sc years
can be paid off by adding one per
cent per annun to the interest rate.
The law provides that any portion or
all of the principal can be paid at any
date after five years.
The association comprises territory
lying south of the land line on town
ship one, north, in Escambia county.
This line passing east and west about
half mile north of Cottage Hill.
Any number of organizations may be
organized in county.
Amortization Table.
The following table shows the pay
ments required annually to wipe out
interest and principal on $1,000 loan
in from 10 to 40 years at per cent
| Years. 5 per cent