American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1919-04-18
PAINT AS AN ASSET.
Bankers Say They Lend More
Money on Property When
Buildings Are Well Painted.
AN INDICATION OF THRIFT,
One Concern Advances IS Per Cent.
More II RepaintIng Is Done
Every Five Years.

Does 1t pay to paint carefully farm
buildings7 Does IL add to the selling
value Of a farm when buildings are
properly kept up and regularly paint
ed? A careful inquiry OF a number of
leading bankers in the Mississippi val
ley, Including sach states as Iowa, nli-
noiS, Michigan, Ohio. Indiana and Mis-
sour, reveals the fact that in nearly
every case the bankers did not hesl-
tate to say that they would lend all the
way from 5 to so per cent. more on
land where farm buildings were well
painted and kept Fin good condition.
They maintain that well kept-up and
well painted buildings and fences are
an indication of thrift and that the
prifty farmer is a good client, and to
Tim money q be safely loaned. An
gerage of the returns from these
mixers shows that the increased loan
Nue because of painted buildings is
aund 90 per cent.
ome of these bankers make inter
eng comment. A Michigan ace
So. that, while not especially pre-
pad to advise definitely in response
TO Is inquiry, the officers would loan
mo money on farms where buildings
wel painted than where they were
\ o 0 treated. This bank also finds
hthatwhere houses, barns and fences
yffre ell taken care OF the farm is a
Protlble proposition, and bankers in
cas enel consider the farmer a good
Another Michigan bank says
Icfi arm buildings out of repair and
paint indicate that the owner
$ aslov pay" Such farms are rated Mt
itput one-third OF the assessed value
loans. Where the farm buildings
irstl In good shape the rating is one
on. The president of a middle west
pre- bank says that when real estate
of are considered, painted buildings
and always taken into consideration In
the lng an estimate. The general APP
of ltnce of the property surrounding
by Puse and barn and also the fields
was tnces would he carefully observ-
the te further says that he has no
ia icy In saying that he would alb
refuse a loan on farms where
amt .pdlngs were not kept up and
hap United, In his judgment, I'M
in pl,1farm buildings would reduce
"11value at least % per cent.
land lesota banker says that ne is
It all Ore willing to loan money
! be- " buildings are well painted.
pic :" ticular case he believes that
~ loan 20 per cent. more than
opted - ldings were not properly
cue take - -,
them buildings painted takes a
I the 10y interest IN his work than
On TO o' les not. Another Mime
mas ~ Us that well painted build
care ~ lsulted in securing from
that btimes as high as % per
Int II, 80, honey than where the
orning un,lnot painted. An Ohio
WV, ,lhat 1t will loan % per
TO a .a.o ley on a well kept farm
II, the - al are painted at least
Moses - haEears. A southern MI
Egyp- 80 IN that 1t has no fixed
DhDJ- .t.aa adult II does make a de-
AT N ,la,s when owners OF farm
irecian - wauhns. II the buildings
PAM. .od thand thus well pre-
ling of served tpbte ,Uould NOT nnIv
,'Omer be cheapa''e "ouiu not ohiy
oihei nou.owadf amount OF money
NIT hmarger. A northern
alue VI n,at 8, waot hesitate to say
'ue use - on lfully 80 per cent.
T snips. ,,ot naIntare buildings were
ooiihe .na.a thovA good order than
l. al'o' .ant n The vice presl-
Tue oea Gov. he inquiry, goes
ueS1io' -nars godsbably are many
nna ,or,,tt lily and morally
the dec unpalnted' Nv -
IN plane %stantial peopF 'ne nno"' sun
ks For try keep their Va the coun-
- ~ Iowa batwell painted"
decora- ident, states " 30
". The ference OF at make a on
A black vor Of the fat cent 10 Ia
and the ings. Another - oui
red. vel IT would make ~ says una
20 per cent. VI NJ ieast
ne use of All this being
hat sup evident that II ~ piih'
n. during osition TO keep thness prop
Jhurch of painted. They Fiings wei
lstantino- and are more p'YA oel,l
ned with but the farm woae owner
vantage, the a Yet'er au>
Of paint would be greatlyProperty
as It's buildings themselvano the
Paint is longer and need y much
-oc.n oriculfTr.-The