Putnam County herald. (Cookeville, Tenn.) 1903-1922, 1918-02-21
FARMERS WARNED
OF NEW SW|NDLE
MAN is ADVERTISING THAT He
WILL ORGANIZE FARM LOAN
ASSOCIATIONS FOR $500.
SMALL TOWNS MAKE RECORD
Ahead Of Cities In Buying the Smile
age Books-American Soldiers Lost
on Tuscanla Protected by Govern
ment Insurance.

ment Insurance.
Washington. - Another scheme for
swindling the farmers of the United
States has been discovered by the fed
eral farm loan board. A man adver-
dsing himself as an authorized organ
tker Of national farm-loan associations
h sending out advertising matter en-
blazoned with the national flag, stat
ing that he will organize such associa-
lions at $500 EACH and will teach 9TH
ers the trick for a certain sum of
money. His advertisements have
reached farmers and business men
over large part Of the United States.
He claims to be so busy organizing
national farm-loan associations that
h needs help, but will take time to
teach others for a monetary considera-
ton.
All such representations are fraudu-
lent. In order to borrow under the
farm-loan act, it is necessary for
farmers to organize cooperative ma
honal farm-loan associations In their
local communities. 1t is violation Of
q ruling Of the federal farm loan
board, published more than a year ago,
for a national farm-loan association
or a joint-stock land bank to spend
any money for promotion purposes.
Associations thus organized will not
be chartered by the federal farm loan
board. Farmers are warned therefore
against anyone asking a fee for bis
pr06ered services in connection with
applying for q loan under the federal
farm-loan act.
Results Of the smileage campaign,
which put books of theater admis-
sion coupons on sale In nearly every
town and city in the country, show the
small towns and villages far ahead Of
the cities in overselling their proper
Tomato quotas of books.
Pilot Rock, Ore, was the first town
In the country to send in check. Lau-
rens, Iowa, town of 900 population,
took in 500 before the first smileage
book was received. Titouka, Iowa,
with 200 population, bought $6S worth
of books, the largest sale in proportion
10 population yet returned.
The coupons in smileage books are
exchanged by the soldiers for admis-
don to entertainments In theaters
built in the camps by the commission
on training camp activities. Admis-
sion charges range from 10 cents to
rs cents, or from two to Eve smileage
coupons.
ANY American soldiers lost on the
transport were protected BY
United States government insurance
md government compensation. Those
who had not applied for insurance
were covered by automatic insurance,
which il payable to wife, child or
widowed mother. The automatic in
surance aggregates about $4,000, net
ting $25 a month for 240 months. In
uurance that had been applied for 10
payable to much larger class OF ben
e6ciaries and can go as high as $fO,-
BOO, netting $3.50 a month for 240 !
The compensation in case of death, i
given by the government without !,
charge and regardless Of rank or pay,
ranges from $50 to $75 month, based
On the number of dependents. Pay
ments under the compensation feature
pf the military and naval insurance act
In case of death are payable to a
widow, children, or dependent Wild /
owed mother. /
The automatic insurance ceased on
February IL, but the compensation
feature Of the act il a separate pro
vision. The scale Of compensation In
case Of death follows:
(a) For a widow alone, $25.
(b) For q widow and one child, b.
's(c) For q widow and two children,
B47.5O, with IS for each additional
,hild up to two.
(d) II there be no widow, then for
,ne child, $40.
(e) For two children, $50.
III rOr tuTce CIlliuTcu $fO, Win ~
,or each additional child up to two.
(g) For widowed mother, $40. The
,mount payable under this subdivision
hall not be greater than q sum which
when added to the total amount pay
able to the widow and children, does
1Ot exceed $75.
To meet the shortage OF small silver
,hange In Norway large issue Of one
'rown notes (at normal exchange the
crown is worth 26.8 cents
United States currency has been put
q circulation,
Men who are capable of handling
horses are still wanted for the vet
Urinary corps. They must be physi-
ally At and not of selective-service
ase. l