Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1919-05-22
PAINT As AN ASSET.
Bankers Say They Lend More
Money on Property When
Buildings Are Well Painted.
AN INDICATION OF THRIFT.
Ono Concern Advances 25 Per Cent.
More II Repainting is Done
Every Five Years.


n"es u pay |" pun. careiu''s iar"'
'u,'''"ss' poes II auu 10 .ne sei'"s
'a'ue vi d iarm when ouiiuihes are
proper! kept up ana resuiar'y PANT.
eu' a carelui inquiry OF u huhnDer Oh
,e"u.hS oahherS III inc MISSISSIPPI vai'
ies' inciudihs such states rs iowa. iih-
n"'s' ah'ei'isan' ohio' ihoiaha anu Mis-
SOURI, re'ea's 'he TACT that III nearly
every cast the bankers did not hes'-
'a'e 10 st! mat they would iehu all uhe
way from o 10 oo per cent more on
lana Where rar1h buildings were well
painted anu kept III Soou cohuition.
me! MAINTAIN mat wen kept-up ana
wen painted buildings ana FENCES are
an l%h"'ra''oh OF thrift anu ina the
.hr'i'! tariier Is Il soou cileht' II 10
III" money car dc saie'y loaheu. An
average OF the returns from tnese
oahhers SHOWS tiiht the lncreaseu loah
'a'ue because OF painted Is
arouhu - per rent.
some OF these bankers make inter-
estihs comment. A Michlgah concern
says tna'' WINE not especially pre-
pared 10 ADVISE dennltely III response
10 TINS INQUIRY the oflcers would loan
more money ON farms where buildings
were Pa'h'eu tlnh where they were
not SO treated. THIS bank also finds
that "here houses barns ana FENCES
are wen taken care OF the farm IS a
pron'apIe proposition and bankers IN
general consider the FARMER q good
cneht Ahother michigan bank says
'1arm buildings out or repair n
needing paint indicate that the owner
is $40" pay Such farms are rated at
ABOUT ohe-thlrd OF the assessed value
Tor loans. Where the farm buildings
are IN good shape the rating Is one
nall. Inc president OF a middle west
erh bhhk says ina when real estate
loans are considered, painted buildings
are always taken INTO consideration In
making an The general ap-
pearance or the property surrounding
the house and barn and also the fields
ana FENCES would be carefully observ-
ed. lie further says that he has no
hesltancy In saying that he would alb
solutely refuse a loan on farms where
the buildings were not kept up and
well painted. In his Judgment, I'M
painted farm buildings would reduce
the loan value at least % per cent.
A Minnesota banker says that he is
much more willing to loan money
Wngrn me nn1l1innS are yCpll nQinfpd
In his particular case he believes that
ne would loan ~ per e more h a
II the buildings were not properly
axe care OF. A farmer who Will
keep his buildings painted takes a
much deeper interest N his work n
n who does not. Another Mime
sofa bank says that well painted build
lngs nave resulted In securing from
his bank sometimes as high as 20 per
cent. more money than where the
buildings are net painted. An Ohio
concern SAYS that 1t VIII loan 20 per
cent. more money on a well Kept farm
where buildings are painted at least
once every hve years. a southern ILL
nois bank says that 1t has no fixed
ru,e about TINS out 1t does max a de-
clded difference when owners OF farm
lahus Apply Tor loans. III the buildings
are well painted ana thus well pre-
served the loan rate would not only
be cheaper, but the mount or money
borrowed would ne larger. A northern
ll'Ihois pahk uoes not hesltate TO say
that 1t would loan fully 90 per cent.
more on a farm where buildings were
well panied n IN GOOD order than