The Pascagoula chronicle., 1919-04-26
PAscAGouLA FARM
LOAN ASSOCIATION
Between Local Secre.
tary and Treasury Officials
Gives Interesting Infor-
nation.

nation.
Mr.. j. w. link, the Secretary and
Treasury of the Pascagoula National
Farm Loan Association, has handed us
the following correspondence regarding
the working of the land bank business
and loans in this section.
Mr.. links reply was brought for
ward by the following question asked
by the Land Bank at Washington
What is the principal, noticeable OBJ
lection and criticism, if any, to the
manner of handling the business of
your Association of the Land Bank?"
| Mr.. links letter fully answers the
question. The answer Of the Land
Bank is also appended
Pascagoula, Miss, March S, 1918.
Treasury Department, Federal Loan
| Board, Washington, D. G.
Gentlemen: Enclosed please find the
secretary-treasurys report for Decem-
ber, 31st, 1918, of the Pascagoula Natl
onal Farm Loan Association In regard
to the hindrance of our association to
make the advancement is should, we
would suggest that you familarize the
government by sending a personal let
ter to each of the applicants, asking
the questions given below, | am sure
it will give the desired information to
forward the interest of the Farm Loan
Questions suggested viz:
No l. What has been the advan-
tage or disadvantage Of markets in
your section prior to 1917.
No. g. Was this a hindrance to the
raising Of crops and the getting of
them to the markets?
No. 8. Were your dealings and re-
suits satisfactory by handling your pro-
ducts through the commission mer-
chants? If not give the reasons why,
not.
No. 4. What benefit did you expect
by being member Of the Farm Loan
Association?
No. 5. If you have not attained your
loan, what is your reason?
No. 6. What results have been at
tained by your being member?
No. T. Please give the main crops
of your section and results per acre.
No. 8. Give any other information
that will help the government to as
sist in righting the seeming cause. for
the intent of the Farm Loan Act not
being carried out.
In regard to the Association of the
Gulf Coast, comprising Baldwin and
Mobile counties of Alabama, and
Harrison and Jackson counties Of Mis-
sissippi, we wish that you would in
quire into their conditions for success
or failure being about the same as ours.
The reason our Association is in eX-
istance today is the fact that the few
that believed in the intent of the Loan
Act, expecting to receive the benefits
at no distance day. At present we are
at standstill because of the low ap-
praisement of land, and the expense of
new appraisement with just few ap-
plications.
We believe the intent of the law was
to benefit the small farms but at pres
ent the expense is too great for $500
loan to be carried into effect, the ap-
praisement being so low that it takes
too much land to get the same.
You will note that~wth a fair ap-
our County would have
lad loans of about $125,0O0, and our
people would have made good, This
llso would have been increased to at
east 100000 by this time. 1t was
With the greatest persuasion that the
ew held on and finished their loans.
rhe statement of December 81, 1918,
enclosed with this will show the num-
,er of loans at first and also the ,
mount closed.
The Ocean Springs Association of
ackson County would nave had about 9
so 900 under their drsJ appraisement, r
which would have been very conserva- ,
i've. The loans closed will hardly eX- ,
eed $4,000. Also under eXistingcir-
umstances it is nearly Impossible TO q
eft a meeting of the loan members ON q
ccount OF past discouragements. r
There were but eight members pres a
nt at the annual meeting in January +
91e not enough to attend TO any busi- q
ess. hence another meeting will be h
allied for in April to see ii we can get r
quorum and elect new officers for h
ne ensuing year. il
Any suggestions will be very ac- t,
eptable. c.
Trusting that this will help in some G
.ay to get things right and moving n
present nothing doing, we are, a
Very truly yours, 8,
AZ. E. HUBERT. President n
]. w. ZINK, Sec'y-Treas.
Pascagoula N. F. L. Association.