The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1919-08-08

Ao0N W00S0 A011U UUuUAuBo W0kV we'll
painted and kept IN good condition.
They maintain that well kept-up and
we'll painted buildings and fences are
an indication Of thrift and that the
thrifty farmer ID q good client, and to
him money can be- safely loaned An
average Of the returns from these
bankers shows that the increased loan
value because OF painted buildings 10
around % per cent
Some OF these bankers make inter.
esttng comment. A Michigan concern
says that while not especially pre-
pared to advise definitely in response
to this inquiry, the officers would loan
more money on farms where buildings
were painted than where they were
not % treated. This bank also finds
that where houses, barns and fences
are well taken care Of the farm is a
profitable proposition, and bankers in
general consider the farmer, a good
client Another Michigan bank says
"farm buildings out Of repair and
needing paint indicate that the owner
Is slow pay" Such farms are rated at
about one-third Of the assessed value
for loans. Where the farm buildings
are in good shape the rating IS one
half. The president Of a middle west
ern hank says that when real estate
loans are considered, painted buildings
are always taken into consideration in
making an estimate. The general ap-
pearance Of the property surrounding
the house and harm and also the fields
and fences would he carefully observ.
ed He further says that he has no
hesitancy in saying. that he would ab-
solutely refuse loan on farms where
the buildings were not kept up and
well painted In his judgment, un-
painted farm buildings would reduce
the loan value at least Is per cent.
A Minnesota banker says that he is
much more willing to loan money
where the buildings are we'll painted.
In his particular case he believes that
he would loan 20 per cent. more than
II the buildings were not properly
taken care of. A farmer who will
keep his buildings painted takes a
much deeper interest IN his work than
one who does not. Another Mime
sofa bank says that well painted build
ings have resulted In securing from
his bank sometimes as high as Is per
cent. more money than where the
buildings are not painted. An Ohio
concern says that 1t will loan 25 per
cent more money ON well kept farm
where buildings are painted at least
! once every five years A southern nli-
4 nois bank says that 1t has no fixed
rule about this, but it does make de-
cided difference when owners Of farm
lands apply for loans. IF the buildings
are well painted and thus well pre-
served the loan rate would not only
be cheaper, but the amount Of money
borrowed would be larger. A northern
| Illinois bank does not hesitate to say
that it would loan fully so per cent.
more on farm where buildings were
well painted and IN good order than
where they were not. The vice presi-
dent, who answers the inquiry, goes
on to say: 'oThere probably are many
farmers good financially and morally
who permit their buildings to remain
unpainted, but as rule the most sub
stanttal people who live In the conn.
try keep their buildings well painted -
An Iowa bank, through its vice pres.
ident, states that It would make diff
ference Of at least 25 per cent. in fa.
vor Of the farm with painted build
ings Another Iowa concern says that
It would make difference Of at least
20 per cent
All this being true. It is perfectly
evident that 1t is good business prop.
osition to keep the farm buildings well
painted. They not only look better
| and are more pleasing to the owner,
but the farm would sell to better ad.
vantage, the loan value Of the property
would be greatly increased and the
buildings themselves would last much
! longer and need less repair-The
American Agdculturist.