The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1919-04-09

~ IRRIGATION OF THRIFT.
one GoAcsek. AAvanese n Per Cent.
Mere Il aspaiasiao % Demo
Evssy Five Years.


Mere Il a~spaintiRo 70 Deoo
Every Five Ysaral
Does II pap to paint carefully farm
0uh1ingsf Does Il ed . the selling
vaiue OF q fern when tnilAin4s arr
properly kept up and regularly paint.
ed7 4 careful in4u1tt 81 l nuraher 81
leading hanters Il The Mississippi val.
ley. including ssch ststes ~ lows. MI
aoiA MichigaH. Ohio Iadfana. and Mis-
souri,, reveals the fact that In nearly
every case ths bankers did not hest
tate to say th6t they would lend ali the
way from 5 to 80 per cent. more on
land where farm buildfnes we're we'll
painted and kept In EooA condition.
They niaintafA that vel kept-up and
weH painted buildings and fences are
On Indication q thrift ard that the
thrifty fasaer Il: good scifeet and to
Nm money can be safely loaned. An
average Of the returns from these
bankefs shows that the Increased loan
value because Of painted buildinss IL
around q per cert.
Some OF these bankers make inter-
esting commeat. 4 Michigan concern
says that. while not especially pre-
pared to advise definitely In response
to. this inquiry. the@oaacers would loan
more Hen>y On FARMS where buildings
were patRfed than where they were
ntteso treated. This bank also finds
that where houses. harms and, fences
are we'll taken rare Of the farm IL q
profitable propositions, aad bankers In
general consider the farmer i good
client..-Another Michigan bank nays
farm buiidings sat ef repair and
needing paint Indicate that the owner
IL slow pay" Such farms are rated 1t
about one-third Of the assessed value
for loans. Whers the farm bsildinr n
are In -geo4 shape -the-ntan9~fs one
halt. Fhe presideat Of a~niAdie west
orn bank says that-awhen real estate
loans are c~onsidereA DaiAtec buildfnas
are always-tdken flto considerations in
making N estimate. The general ap-
Of the property surrounding
the house and barn and also the fields
and fences wssld b carefully ohserv-
ed. He further says that he has No
hesitancy IN saying that he would ab- /
Doiutely refuse 1 loan On farms where
no buildinEs were net kept up and /
we'll painted. In his Judgment, an
painted farsn 'hufdings would reduce
the loan value ut least Is per cent.
A Minnesota banker says that he 10
more willing 10 loan money |
where the buildings are well painted. |
his particular II he believes that /
~ would loan 20 per cent. more than |
( the buildings were not properly
aiken care Of. A farmer whe will
Keep his buildings painted takes 4
much deeperdNEsrest ~ his work than
mo who des3 Dot. Another Mime
'otat bank ~ That we'll painted build
nks have resufted In securing from
lis hank sonnetimes a. high a. Is per
.ent- more S1Gey than where the
'aildlngs are not painted. An Ohio |
,oncern says that 1t viii loan Is per
'ent. more tfor1ey on 4 well kept farm
vhefe buildings are painted ut least
nee every i've years. A southern nli-
lois bank says that It hrs no nxed
uie about this, but It does make q de-,
lied dinerenco when owners Of farm
ands apply forslean1 1.-THE buildings
re well painted and thus well pre-
efved the foan rate would not only
y cheaper, bat the mount Of money
orrowed would ba larger. A northern
Illinois bank does not hesitate to say
hat 1t would loan fully 50 per cent,
on 4 farm where buildings were
'ell painted and In good order than
there they were not. The. vice presi-
ent who answers the Inquiry. goes
\ to say: There probably are many
arners good ~dnAncialIy and morally
'ho permit their huildings to remain
npainted. but 10 4 rule the most sub
fantial people who live In the coun-
y keep their Buildings well painted"
An Iowa bank. through It's vice pres
lent, states that It would make 4 DIFF
srence OF n least p per cent. in ia
Or Of the farm With painted build
lgs. Another lows concern SAYS that
would make 4 difference Of At least
pei rent.
All this being true, It IL perfectly
videnf that 1t Is Z good business prop
sition to keep the, farm buildings vel
limited. They not only .lsof better
Id are more pleasing to the owner.
1t the farm would sell to hetter adj
the loan value of the pr~perty
ould be Ereatfystncreased and the
liIdinEs themselves would last much
and need less repair-The1
Agricuitnrist.
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