The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1918-09-05
SUPPLEMENTAL INFORMATION
REGARDING SEED LOANS

Supplementing the circular of in
formation and instructions to County
Agents dated August Is, 1918, the
following points should be observed
in making and verifying applications
for seed grain loans:
(1) ACREAGE. Seed grain loans
will be made to applicants at the
rate of SO per acre for not exceed
ing 100 acres, making the maximum
/ loan any case $500. If the appli-
cant desires loan for less than $500
he should specify the number of acres
a SO per acre for the amount he de-
sires; as, 40 acres for a loan of $120,
so acres for loan of $3.50, 81 acres
for a loan of 5000, and so on. An
applicant may sow a larger acreage
than that specified in the application
with seed purchased from the pro-
ceeds of the loan, but the mortgage
will apply only to the crop grown on
the acreage specified.
(2) TENANTS. The Government
must have a first lien on the crop
specified in the application. Appli-
cants whose applications indicate that
the land specified in the application is
not owned by them, who pay a cash
rental and can give first lien on the
crop, should so state in the applica-
ton.
Cash tenants who cannot give
first lien on the crop should furnish
waiver from the landlord.
Tenants on share basis can obtain
loan at SO per acre, on not to ex-
coed 100 acres, only when the owner
signs waiver of his first lien on the
crop. Blank forms of landlord waiv-
err have been supplied to all local
banks in the counties affected. The
waiver should be attached or pinned
to the loan application.
| Without waiver of the landlords
| first lien, tenant can obtain loan
only for such part of So per acre on
the acreage specified in the applica-
ton, not exceeding 100, as his I'M
divided interest is in the entire crop |;
that is, if his undivided interest is
two-thirds, he can apply for loan at
the rate of So per acre (two-thirds Of
$3) on not to exceed 100 acres; or
if his undivided interest is three
fourths, he can apply for loan at
the rate of 1925 per acre (three-
fourths of $3) on not to exceed 100
acres.
If tenants, either on cash or crop
share basis, have given a lien on the
crop to any person or firm other than
the landlord, a waiver of the lien
from such person or firm should also
be attached to the application.
(3) UNINCUMBERED PROPER
TY. Loans can be made only to
farmers who have suffered two sue
cessive crop failures and are without
cash or credit with which to purchase
seed. Where the real and personal
property of applicant is shown to be
mortgaged for about two-thirds or
three-fourths of its estimated value,
it may be assumed that the applicant
has exhausted his credit. Where,
however, it appears that only about
SO per cent of its estimated value is
mortgaged, or where the difference
between the mortgages and estimated
value is considerable, an explanation
should accompany the application,
preferably a statement by the local
bank to the effect that the excess
valuation is not regarded as a COM
mercial basis of credit locally. 9th
erwise the application will have to be
denied.
In every case the applicant should
!! give the names and addresses Of the