St. Johns review. (Saint Johns, Or.) 1904-current, 1919-06-13
PAINT AS AN ASSET.
Bankers Say They Lend More
Money on Property When
Buildings Are Well Painted.
AN INDICATION OF THRIFT.
One Concern Advances rs Per Cent
More II Repslnting ls Done
Every Five Years.

Does II pay 10 paint carefully farm
buildings2 Does II add to the selling
value of farm when buildings are
properly kept up and regularly paint
edf A careful inquiry Of number OF
leading bankers in the Mississippi val.
10y, Including such states as Iowa, Iii
nols, Michigan, ohio, Indiana aud Mis-
souri,, reyeuls the fact that In nearly
every case the bankers did not hcsl-
tate To sax that they would lend nll the
way from to 30 per cent. more on
land where farm buildings were well
painted and kept In good condition
They maintain that we'll kcpt.up and
well painted buildings and fences are
un indication OF thrift and that the
thrifty farmer Is good client, and TO
him money can bc safely loaned An
average Of the returns from these
bankers shows that the Increased loan
value because OF painted buildings Is
around - per cent
Some OF these bankers make inter.
estlng comment A Michigan concern
Enys 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 40 treated. This bank also finds
that where houses, barns aud fences
are well taken care OF the farm Is u
profitable proposition, and bankers IN
general consider tho farmer good
client Another Michigan hank suys
farm buildings out of repair and
needing paint Indicate that the owner
Is slow pny." Such farms are rated ~
about Onc.thlrd of the assessed value
for loans. Where the farm buildings
are In good shape the rating Is one.
half The president of q middle west.
crn bank says that when real estate
loans nre considered, painted buildings
are always taken into consideration In
making m estimate. The general np
pcnruncr ~ the property surrounding
the house and barn aud also the fields
and fences would be- carefully obscrv.
ed. lie further says that he has no
hc,lluucy In saying that be- would ab
soluicly refuse loan on farms whore
the buildings were not kept up nnd
we'll painted. IN his Judgment, un.
painted furm buildings would reduce
the loan value at least - per cent
A Minnesota banker says that he IN
much more willing to loan money
whore the buildings are well painted,
In his particular cnsc he believes that
he would loan 20 per cent more Than
" the buildings were not properly
taken care of a farmer who viii
keep his buildings painted takes u
much deeper Interest ~ his work thun
one who does not. Another Mime, |
sofa hunk says that well painted build. |
lngs have resulted In securing from /
his bank sometimes ms high ns - per /
cent morc money than whore tie /
ARE not painted An ohio |
concern says that Il viii loan - pcr |
cent. more money on we'll kept farm
where buildings are painted nt least |
once every I've ycurs 4 southern llli, |
uuis bank suys that n hns uo nNpd |
rule about this, but II does make u de.
ridrd difference when owners of farm |
lands apply Tor loans II the buildings /
are well painted and thus well pre-
served the loan rate would not only .
be- cheaper hut the amount of money .
borrowed would Ice larger 4 northern /
Illinois hank does not hesitate 10 SAY /
That q would loan fully dO per cent
more on furm whore buildings were
we'll painted and In good order than
where they were not The vice prrsi-
tent, who answers the inquiry, goes
pa Ia say There probably arr many |
urmcrs good financially aud morally \
Ahn permit their buildings to remain II
hut as rule the most sub,
'tuntiul people who live ia the cuuu-
ry keep their buildings well painted" /.
An Iowa bank, through IFS vice pres.
dent, states that Il would make dif- II
'erence ~ nj least - per sent. iu Ia |.
.or of the farm with painted build II
ugs Another Iowa concern SAYS that l
Z would make difference OF at least I
- per cent
An this being true. 10 Is perfectly II
'Yident that Il Is a good business prop
'sition 20 keep the farm buildings wei I
,aiutcd. They not only hook better
md are more pleasing 10 the owner.
'ut the farm would sell Ia better ad-
nntage, the loan value of the property
would he greatly increased and the
buildings themselves would last much
onger and need less rcpair-The
| al A HHHH q Hr...