The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-12-24
VIII GFFK AMENDMENTS TT
THE FARM LOAN BANK Ian

-r>-,-o>- w. - .r,,.. .4.r,I
49,. ,..,,..,,r .,iay rh,t
q ,dvoco+ss sn,rn,rr,en,s tn :hn fa~r,
: - 49,, ,,r,I,r r,.,,i,.l many rriyat. farm
80. h,,I..rs r,,. .n,.r ,h.: g.
a--1rnant syster, as to;ur stock l:,nd
honts 4; Tho san.. ;!n,. ,As board
- ,r,,.,;,,. tba, !, .xn.,r.- N
-, 49,, I,;,,. III. svs
80 - A.. .,,i, COO, ~ ,,S, :tn con-
80 49,, 49,.
sS.s - ~. a,is,;,~ W who,
iii -. sr,.;6.,iix 'r,c,,,.r,,,.lat =, CON-
r-a.s T., ,bs h.,-d's forthcoming M
n,,.1 ,enort. arc:
Abroratinr -ha o-.ser, rex;r:cttrr9
permitting a trin; stock land bank - IL
business onlv N tho stat, ,vis"r.i +. "a
.,+ratad and on, c,r,inr.:n-s str:.
To nsrr,it n ho,,l :, ;Ss;. ho:dS -
.h. o,,or,, ~ ,r,r.,. ,',ras is ,.ha,tal
go, rrh,,, ,.,,,s. ~, so50 aNr ny. ,no-a
I,.te,d ~ TX .,,nss ,s ,,uHc. Ax.s,jn::
inv
To ra,s. Prov, - Ct, o.- cent .hn
maximum Jntsr.., rate which j,int
80, r,,a ,,,L .,oy <y,-,a ,;, f,,,.
~ P.r-,or.
Ar thesa amendments have :.;.u
.orvbt nv RI. y-ar,, Nor.cac. HaoE.
seato.to, -. ,no,,,-s ,~,,,;,,..L ,bn,
-. a-a,o..,>., -, -, ,,,.,,,h>rs would
80 sn,,arn,nant ,ho--.-s and no.ro.e
,,.t.,ar -, ~, .,..,, r,.,, h,,rI
40 ~. -,a,s,o.i,,. r..-, ,,,a, r,.,,
-, ~ aI,,',,.,s -, 49,, ,;,n ,,,,, ~
60, 49, 80. ;,..,o, ~ "Tnt,,
- -" 49, 49,, h,.,, -.,,,,r.,
49,, So, It. - ~
- oonf,sinr mo r-iv,t. inst;,,:,i,i,s
--it,, +ha Vovernusr,'s - federal land
Toin+ -+o,,. ,s,. hanks would SIN h>
.o,o,.I,oa ~ r,,,t ,nte-.at rites OF,
49,. .rI.,,, nar .ar, mora .h,n rho
Ie.u 10 - th.;- hon5s .r,r,
- ~ ,.,,r,.,-, r-.-, -,,sn6 - g..
w., ,I.o r,,,,n b,ya ~
peF een'' LUZ;
oo"'pe's 80
,,,,t,r 49,
go, oo,s;.to, - +,a rod.-.I ,.r,i
~, -, rn,,, noo-d cold.
sTro ~. ad,-iso,, 60 -. e,...,,s,t
"+A.. ~. ,s,. ,,ora ~ rbose who ara
.a.l;,1 - hr.,r dow, ~. s,-stsr, Will
-. g. Ia.,,t,,.. s,,it cor.asttnc -. >on.
.+t+r,+ionoIity ~ H., <orr, loan ac-. IN.
.r.,a.. ~ .h;e cit vii No. 20 a,,r-,
1880. w., hor, ai-.o,r horrnt
hona. ,nd n 6issrsle others FROM
buytnr them.
There is not .:,.> slightest reason to
fear y. however Tho system, Is strong
and 1t9 ADMINISTRATION - ~ SU''I ESEEt-
mount irnportaucr to ~" agricultural
deve1opn,en+ Of tho crunt--. tina: ATTACKS
on II are bound 10 fail Il Is only prop
or however. that this warning should 10
given IN order that II. farmers AID all
friends Of tn system should grasp thH
sinister purpose that ~ behind th"s" ~
lacks"
Recent charges tr:tt tho federal land
banks are not self supporting. based on
tho boards aprli..ltiru Z, congr"S& for
an eppropr;ation O: $rrr.o-a.o0n Il year
for this year and next. with which ne
treasury niSht absorb any farm loan
bonds no, sold rr:va.elv. wcrr mot by
exclamation tina; .re average impair
rnent Of the $50. 0o1.30n CAPITAL with |
which Zach hank Star;r.! six months aC,t
representing GOV .rnm"nt stock sub
scrfntions amounts t. percent. or
Sl5 oo0 zach This x more .han coun-
terha1anced bv farm loan associations
CONCENTRATIONS IN additional, STOCK that
amounts to ron-, than $1,000. Dan Or
obout SIPS on0 FOR each bank. Actual
cant+o, of nj; b,nrs caosaruertl.- &c
ebon+ s1n 600 nnn or $1,000. nNG NOR
+ban +be;- original capi,al, furnished by
rho government.
Moreover. says IA. boards statement .
49, yc,:1ne os leans 70 farmers is IN
cfeasing go rapidly shat several "f ';lH