The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1919-04-04
PAINT AS AN ASSET.
Bankers Say They Lend More
Money on Property When
Buildings Are Well Painted.
AN INDICATION OF THRIFT.
Or Concern advances IS Per Cent
Mere u Repsirtino 10 Done
Every Five Years

Does Il paw q paint carefully farm
huiidlnESs Does IL add 10 the selling
value ~ q farm when buildings are
properly kept NJ and regularly paint
els a careful Inquiry OF number OF
leading bankers IN The Mississippi val
ley Including such states as Iowa. M
ra.>. Michigan. Ohio. Indiana and Ms
>nuri. reveals the fact that In nearly
every case the bankers did not hest
tate to say that they would lend all the
Wv from 20 20 per cent more on
land where farm buildings we're we'll
painted and sept 10 good condition
They maintain that well kept-up and
well painted buildings and fences are
m Indication os thrift and that Tie
h.u money can be safely loaned. An
average % the returns from these
bankers shows that the increased loan
value because OF painted buildings i
around - per cent
Some % these bankers make inter
= - ~
says that. while not especially pre-
pared 70 advise definitely IN response
fo ,hlS inquiry. The officers would loan
more money On farms where buildings
were painted than where they were
not So treated This bank also lads
are well taken care " the farm Is a
profitable proposition. snd bankers In
general consider the farmer a good
client Another Michigan bank says
farm buildings out OF repair and
needing paint Indicate that the owner
i slow pay Such farms are rated At
about one-third - the assessed value
Tor loans. Whore the farm buildings
ara In good shape the rating is one
taf, The president Of q middle west
ern bank saws that when real estate
leans are considered. painted buildings
are always taken into consideration in
making an estimate. The general an
uearsnce 81 the property surrounding
the house and barn and also tile fields
and fences would be carefully obServ-
ed He further saws that he has no
h-sitancy IN saving that he would alb
solurely refuse loan ION farrns ~he-e
Tie buildings were not kept up and
well painted m hls judgment. IN
painted farm buildings would reduce
rhe loan value ~ least - per cent
4 Minnesota hsnker SAYS that he Il
much more willing - loan money
whore The buildings are well painted
IN his particular case Re believes that
he would loan ~ per cent. more than
y ne buildings were not properly
rafen care o. A farmer who will
.eep bis Buildings painted takes
much deeper interest ~ hi~ work han
one Who does not Another Mime
sofa bank SAYS that well painted build
in-> have resulted To securing from
h.S hank somefirneS as high a. . per
cent. more money than where the
buildings are rot painted. Al Ohio
concern says that Il will loan - per
cent more money 90 . well kept farm
where buildings are painted az least
once every I've years. southern Ms
nois hank says that II has no Fixed
rule about this. but u does make DO
cited difference when owners of farm
lands apply FOR loans II the buildings
are well painted and thus well pre-
served the loan rate would nor only
- cheaper. but the amount OF money
borrowed would be larger. A northern
Illinois bank does not hesitate 10 say
that Il would loan fully 20 per cent.
more on q farm where buildings were
well painted and IN good order than
where they were not The vice presi-
dent. who answers the inquiry. goes
"n % say; There probably are many
farmers good financially and morally
who permit their buildings 10 remain
implanted. but ss q rule the most sub
stsnfisl people who live ia the coun-
try keep their Buildings well painted
An Iowa bank. through rs vice pres
ifent- states that Il would make = dit-
ference 81 az least - per ceat- in "a
vor ~ the farm vith painted build
in-s. Another Iowa concern saws that
Z would make = difference OF at least
- per cent
All this being true. u Is perfectly
evident that Il Is 4 good business prop
osifion 70 keep the farm building. well
painted They not only look better
and are more pleasing 10 the owner.
bur The farm would sell 70 better ad-
vantage. Tho loan value Of the property
o"rii ~ greatly increased and the
h-N''ngs themselves would last much
longer and need less repalr.-The
Afaerican Agriculiurisi.