The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1917-02-01


IKE lafesssf assess p8l - IN nsse
fasa ref cent noF more tsaa ~
ees sbo,s tae fsis pzle oa it4 5osts
se3f bY fte 5eAka N as peT eeas
b1s9t sp.1 " istse1 tasfsiore ts
rsst eksrSet q ioa1t ~cs.l ~ r's
~ eet ~ e There uil .e ~
tonmsicn q 5osae Tae loa
N8a ~ mare ~ terso oi ama raee
,tx ffoe " % years ,has doitr arsg
Wis ~ tsotb.s at1 nysse " 81.
oisi ferewal
X The raynent " certain BAR u
~ pFiaeipai aaasaily ~ sesatannzss.
s. lih Interest eilI b. required. Tae
iofai gafmenf inei1ding aae interest
iii " ias aane for each year ara
sili q lstS large enoagi - tazi ste
fnsire Drineipa. niii b. p4la ~ a. ire
e1d u RE p@roa Jhe annual pag
ment thlK reaalFe1 ~ pay oii iosh
81 gf1sg wiis iatesess Al pr cert
% u years ia 1904
After loaa has raa years the bar.
rover w.li " psrinitred - Day gff tas
rhoe amount Il ~ deslfes on anY
, i4itesf DATE of 70 make partial pay
raerts ii addition % iae regular instels
r,eat
the requirement ~ irasaiimehi pay.
n@afa ~ ne amortization plaa. as
rfalaed above r1il serve. arse - e,ll
uyale habits " thrift ~ the borrower
and second q make possble ibe piae
ipg of ne loans AZ lover fste d 81.
teFest since the gradual reduction oi
tae principal constantly improves the
acurify Tor sie unpaid balance ,rfe
privilege of optional payments after
fhe tirst years ieaycs the borrower
free n discharge MA indebladners be-
fore the eua d ne loaa.period Il he
finds i convenient 10 do 50
The federal land banks WIN perform
three important services III, Yhey
Nill convert tie aecurity which farm
mortgages afford INTO negotiable
form, known aa farm.loaa bonds. fz)
They eili furnish additional seourity
tor the protection ~ theae bonds
through their capital and surplus. and
thus make the bonds more attractive
q Investor ca They vim seil lha
land bank bonds IA the open invest
meut market which, for obvious rea.
nons the small farmer could not reach
70 advantage
TAa bonds are 70 " issued in de.
noniipauoHa Ringing from e to 81 900
aga f g eSleeted ihat the bonds Of
alHail denomination WIN encourage sav
ine shfonFt their appeal io lndiyiduaIs
Who have not boon Ia the habit Of
making investments The bonds wlil
be secured MOI only by farm moftaa9.
ea deposited fl trust With a govern.
ment official ithe registrar for nc
land.bank distnct but alao. AZ indi
Gated above BY the capital ana sur
PLUS n the ~ land hanks.
both mortgages and bonds win he
exempt from an forms Of taxation
Farmers who wiah to obtain money
from lhe federal land banks WIN ordl
narily By obliged % form local loan s.
aociaHona and 70 ~ their ioans
through these organizations The Ia. /
eal loan asaoolatiora wlll Improve the /
credit Of their members and reduce
tho cost Of their loans through the
performance of certain definite ser
Vices among which are the following
The committee called ne loan com.
miuee' Of the association wnl ap.
praise The property offered as securI
~ and approve an applications for
loans which are sent % the land bank
The seereiafy treasurer OF the assocla.
iion wili transmit the papers ana car
~ on all correspondence with thc land
bank relative 10 the loans The asso
clatlon WIN guarantee the mortgages
Of its members the liability OF any IN.
dividual member being limited how.
ever 70 an additional sum equal 70 the
amount Of hls capital stock. or approx.
imately TO per cent OF his own loan.
= 1 a a a a a A =