The Morgan City daily review. (Morgan City, La.) 1916-1920, 1919-05-10
Z: Ear1n:D divided
4 .InlossI 7,Tracts. for :,
NJ IL individuals : !, +. i.
,as<rstte Fsrns. Loan Associa-
I Il Furnishes Example Of
4 How Land Banks Aid
4,.y the F8TmeES .-... !.
From the Daily States

t.,vs unproductive plantations on
! r..ou Sale, containing LOO acres,
,.,. been DIVIDED into l0O-acre tracts
..a aoportioned among seventeen
zfsners.
4 q cans on farms under the. farm
80 .svstem are not made direct to
Ssyrowers, but the transactions are
rrried On and finally consummated
A,oueh national farm loan asso-
r;sl;on, which is an institution or
.,r;zed and controlled by borrow
a This bank has 42l associations
throughout the district. The various
,,,ses Of the development of this
moject were piloted by the officers
& 4 one Of. these associations. Messrs.
VII c. Claussen, president, and /. S.
I Wooster, cashier of the bank of Cen
'1eyiIle, are the officers of the jean
I site National Farm Loan Associa-
ia through which the farmers ap-
I'D for funds with which to buy the
roperty. The banking and general
Sperience of these two gentlemen
nbled and served them to accom-
1hh what is considered one of the
/ - modern and progressive endeax-
I =, Along permanent agricultural de-
ysIbpnept.
fAey Got, tie Checks
III. Wooster laid the plan before
h oificers of the bank some time
e. iall and preliminary arrange
I'll Dl1ere made by him at that time
y lsve thespsseerty pgt in habitable
jnpe kfaths prospective Buyers. E.
Mccall, federal appraiser, visited
~ property 50 as to ascertain just
Mt the hank of csntresille propos-
II 10 do. As his report was favora-
~ tAe officers Of. the Jeanerette
Nltioaat Warm Associations .pfoceed-
= y carry out the plan. c. c: Gas
ut ietfetary, Snd E. J. Mccall.
)S1esal appraiser. fiate just returned
/ ll511 making a final Inspectors # the
~. Ut to ascertain aMhefher or mot
eeAa il!S1S and a$Teemsnts had
elFrisS gut The final report
~ padt np. to. agreement and. $4l. .zzs
= =
oels was. turned over to. the as
tion to be paid to the sellers. !.
Federal Land Bank of New
1eaa u the first in the United
M to take q decided forward
~ ii assisting tenants to actually
ne property owners" said Mr..
nd While there are iliany
handsome returns on the invest
k yet there IS any number of
sasd plantations in all sections
~ ptfict- that have not proven
pfitable ventures. This is
~ true in view of the search
1bor and the high cost Of plan
seppl5Ass The small farmers
heirs own labor, and as they
ee eserything on their farms,
= food and feedstufs,. the rais-
Is ! diversified crop can be done
pkicaIly.
Jeanerette National Farm
A1spciation selected splendid
81, the election of a colony of
tive farmers who undertook to
nplish the projet. The property
z toeated on the banks Of Bayou
ssvhich stream formerly was an
e % Bayou Teche. The soil is
fertile and is level with ample
80 facilities. A branch of the
4 leefn Pacific railroad runs par
y Bayou Sale on the east bank,
Is : modern gravel road is being
0ncted' on the west bank. Tel
loae facilities have been establish
school house has been impro-
sso that the children may con-
sshooling undertaken elsewhere
- their parents moved to the
The necessity of church
sng met also by the improvision
saitable structure for devotional
oses. There are "a families liv-
q and working the property.
t.nifies who are not owners are
lns on the share crop basis; that
~ the owners furnish teams
snpplies and give to the laborers
All Of the crop produced as
snsation for their labor.
Al Amply Equipped
Ane appraisers report shows that
snfners will be amply equipped
ssin work. For instance, inn
snents consist Of 20 substantial
.nes 70 cabins, lS barns with