Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1919-04-10
PAINT As AN ASSET.
Bankers Say They Lend More
Money On Property When
Buildings Aro Wen Palrt
AN INDICATION OF Th>


buildingsi Does Ii ada %. ths ceiling
value ef farm when. buildiags are
properly kept up ana regularly paint.
edf A careful inQutfys efAa numbsF ci
leading bankers fn the Nississippi val.
iey. Including snch ssatesS % Iowa. mi.
nois. Asehignn. Ohio. indiana and Mis-.
sOuri. reveals the fsct that m nearfy
every ease the bssnkers did not hesi.
tate 60 say that shey weuIa LEAD alI In
way from o 60 90 per cent mere on
land where farm Buildings were well
painted and hspi On gosde conditson.
They maintais sfsat wen ksps-sp and
well painted buildinss ana fenees are
an indieatiea ok thrift ana that the
thrifty fafmsr fga good elIeat, ma %
him monsy san Os safety leaned An
average of TIE returxs from these
bankers shows that TN Increased loan
value beeauss q paintsa suiialAxs d
around 2 per cant (.
Some of tAsse hsnkers sasks IinesrI
esting comment A Michigan concern
says that, while not especially pre-
pared to adviss tleanissiy In response
to this inquiry. sAs efzicsrs would loan
more money on farms where huisdinxs
were painted than whsrs thar were
not % treated. This bank slso- finds
that where housse, barns and fences
ere well taken care ef the farm IN q
profitable propositions and bankers an
general fehsder the farinex O. good
client. Another Michigan bank says
farm buildings- out ef repair and
needing paint Indicate that the. owner
IL saow pay" Such farms are rated at
about ene-third % the assessed value
for loans. Whore the farm buiidings
are IN good shape the rating ID one.
half The presidsnt Of middle west
ern bank says that when real estass
loans are considered. painted baildingu
are alwAys takee into considerations IN
makiag. an estinaate. The general ap.
pearanee Of the property surrounding
the house and barn and also the Aelda
and fences would DO ,sarsfully observ.
ed. He further. says that he has no
hesitaney In ssyine INST he would ab.
sOluteiy refuse 4 loan On fafrns where
the buildings wese not kept no and
well painted. In his Judgment, un.
painted farm bpiltings woald Srednes
thsioan ssius aa least N per cent.
A Ainnesoia banker saya that hs "a
'nscf more wflzmg to- loan money
where the buildings ere well painted.
In his particular cese he believes that
he would loan % per cent. more than
II the buildinss, we're net properly
taken care 0f A farmer who will
keep bis buildings painted takes 0
much deeper interest N his work thar
one who does got. Another Mime
sofa bank says that well painted build
ings have resulted In securing from
bis bank somefinss as high as Is pei
cent more monsy than where the
buildings are not painted. An ohIe
concern says that tt wili@loan % De,
cent. more money on q well kept farm
where buildings are painted ne least
once every Eve years A southern mn
nois bank says hat II has no fixed
rule about thiA bit q does make q, do
cided difrerence when owners Of farm
lands apply for ioabs. II the buiidinz,
are well painted and thus well pre-
served the loan yateN wouId not only
be cheapes, but ths amount Of money
borrowed would be larger. A northerp
Illinois bank does not hesitats to say
that itl would loan fully 20 per. cent
morekon farm where bniidfnss were
well painted and I'm good order thar
where they were not. The vice presi
dent whe snswsrs the Inquiry, goes
On to say: There probably ara many
farmers good nnaneially and morally
who permit their buildings 90 remain
unpainted. but 40 q rule the most sub.
stantini people whs live I'm the counr
~ keep their buildlngS weif painted"
An Iewa bank. through its vice pres
ident, states that Il would make diff.
ference Of at least % per cent I'm "a
vOr OF the farm with painted build
ings. Another Iowa concern says that
Il would make q dinerescs Of st least
20 pr cent
All this being trus. it % perfectly
evident that Il u es0a business prop
esitioa 20 keep the farm buildings well
painted They Dot only look better
and are mere pleading 10 the owner.
but the farm would sell 20 betfsr sd-
vantage. ths lean value Of the property
would b greatly Increased ana the
buildings themselves would last much
longer ana need less repair.-Tns
American Agricultural