East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-01-09
.FRANOEtENbST 10
WOUNDED POlUS
WIDOWS MAY ALSO
FINANCE FARMING
Many Already Take New
Start on Liberal Gov
eminent Terms.

PARIS, Dec. 1S-(By mail,)-
France has provided a way by which
her wounded soldiers under certain
liberal conditions, may borrow money
at one per cent, for % years, to fl
nance farming on gardening projects.
These persons may borrow. under
the new plan, from real estate mort
gage associations and asrleultural
loan associations:
Former soldiers and marines re-
cefving pensions from the state for
injuries or infirmities due to the war,
Widows of such men. whose hus-
bands died in service.t
Dependents of soldiers, provided
they are eligible to certain pensions.
or annnities and are eligible to in
surance in laborers' and peasants re-
tirement fund.
The loans which mortgage agricul-
tural loan associations are authorized
to make to these persons are intend
ed to benefit only those whose for
tunes or health, Or both, have been
injured or retarded by the war and
whose means will not allow them to
undertake the refinancing or recon
~struction of their little properties In
the usual way.
Liberal Terms.
1lGlACGt ANHrAo 2EG%AA
loans shall be authorized for acquir-
ing. managing. transforming and re-
CONSTRUCTING small rural properties,
without regard to area, of which the
value does not exceed $3.50. The
/ 2~5-year limit for completing repay
ment applies only to those who shall
not be more than go years old when
the last payment is due.
The terms of he loan are so ar
ranged that the association making
it cannot suffer any loss by reason
of the death Of the borrower. He
must contract with the national in
surance fund for payment of the un-
paid balance in case of his death be-
fore payments are completed by him.
But the borrower suffers no incon-
venience by reason of this contract as
the Insurance premium is paid all a.
once, and the amount of the premium
together with costs of negotiating the
loan. is added to the mOun borrow
ed.
The lending association also is pro-
tected against non-payment of INSTALL
ments. as it is authorized to attach
one-fifth of the annuity or pension
unpaid. provided such attachment
does not reduce the pension or annu-
ity by more than half, or to a sum less
than SOFAS
Government Lends.
The loan associations will receive
advances of money from the govern
ment for the purpose of making this
special class Of loans for rehabilitat-
ing the men who have fought for
France. or the widows n children
of such men. A special commission
investigates each case. and upon its
J. ra1or1 ms n af fI4a DafniGfAr nf mr.
riculture or the'minister of social well
fare makes the advances to the loan
associations. No interest is required
Of the associations. but they are per-
mitted to charge the borrower one per
cent to cover the additional expense
of operation imposed by this class OF
business.
The pensioned soldiers, widowed.
or dependents who take advantage of
the French governments offer are
encouraged to marry and rear famil-
les. The property on which the mon
ey is borrowed MAY be declared a
homestead. giving the owner about
the same rights that a "homesteader'
settling on government land in the
United states acquired in the land
settlement days following the civil
war. Unmarried persons taking a
homestead under the new French plan
must marry within three years, or any
interested person may cause the
homestead declaration to be set aside.
For each child born to the homestead
er the state will place to the credit
of the borrower one-half of one per
cent of the original loan every year.
In other words, il the rehabilitated
soldier has two children after making
his new home, he will not have to pay
any interest. and if he has more than
two children the government will he I
paying him interest on the money he
has borrowed.
The French law already is in OPP
Grafton, and many wounded men or
widows of oldiers are taking advan-
tage of it to make a new start in the
III