davidaulloa/AmericanStories huggingface dataset:
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss Ramona Simpson spent
Thanksgiving with girl friends
attending college at Grinnell. She
was accompanied by Ruth Reed of
Audubon.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss. Marjorie Hill returned Mon
day from Red Oak, where she spent
her Thanksgiving vacation at her
parental home. Miss. Hill teaches
music in our schools.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
Attention, Maccabees

Next regular meeting Monday,
December 9th. A full attendance
is desired.
j. X. VandeBrake,
ST.. kt. Record Keeper.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss Kathryn Baier, daughter of
Mr.. and Mrs. Louie Baier, has been
very sick with pneumonia the past
week. She is reported to be on the
nendl now.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mrs. Robert Christensen is stay
ing at the home of her parents, Mr..
and Mrs. Able Stone in the country
while Mrs. Stone is in Atlantic car
ing for the new baby.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
For Sale

One spring yearling and few
last springs registered spotted Po-
land China boars.
Chas. & Walter Hensley,
ms Extra, Iowa.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
REPORT OF THE CONDITION OF
First National Bank
No 68za


Extra, in the State of iowa, at the close of
bus mess on November 18TH. 1920.
RESOURCES
Loans and discounts Sli0,9OI -
Total Loans l40,Ml -
Overdrafts. secured and un.
secured Observation-Disclosures 205O IS
Total U. S. Government Securi-
ties owned = $4,000 90
Stock of Federal Reserve Bank
go percent of subscription 800 10
Banking house 5000 on
Furniture and fixtures 1850 7C
Lawful reserve with Federal
Reserve Bank H. -
Cash i'll vault and net amounts
due from national banks 10 s5l "a |
Due from other banks and bank
ers .-----.---. s675 81
Checks on other banks in the
same city or town as rep TT
ing bank Observation-Disclosures. $40 Sc
Checks on outside banks ~ 20
Redemption fund with U. S.
Treasurer - $50 90 |
Approximate interest earned
but not collected .... 5000 On,
Other assets, if any.--- 1896 20 |
Total ---.---------- S2ls5a IS
LIABILITIES
Capital stock paid in - $35, 900 90 |
Surplus fund Observation-Disclosures 1000 90
Undivided profits less expenses
and taxes Observation-Disclosures 1888 Is
Approx innate interest and dis
count collected --
Amount reserved for all interest
accrued 1900 Go
Circulating notes outstanding $500 90
Individual deposits subject to
check Observation-Disclosures 9s,454 o.
Certificates of deposits due in
less than 30 days-..---- sol 30
Dividends unpaid -
Time deposits subject to reserve 5S,245 81
Bills payable other than with
Federal Reserve Bank
| Bills payable with Federal Re,
serve ank
Total S2ls,5a As
State of Iowa, County of Audubon, SIS
l, H. NJ. Mortensen. Cashier of the above
| named bank, do solemnly swear that the
above statement is true to the best of my
knowledge and belief.
| M. Mortensen, Cashier.
| Correct Attest
| Soren Madsen
| II. p. Petersen
T. O. Hester
Directors
\ Subscribed and sworn to before me this
| 18th day of November, 1920
4 L. N. Rasmussen
| (SEAL) Notary Public.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

The District Declamatory Con
test, this year will be held in Audi
bon. The exact date has not been
decided on but will probably be
sometime in February. There are
eighty schools in the district and
these are divided into eighteen sub
districts.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

MIR. and Mrs. Frank Smith and
baby boy OF near Brayton partook
OF Thanksgiving dinner at the
home OF his mother, Mrs. Michael
Smith.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr.. Fred Gjerloff returned to
Extra Saturday from a visit with
friends in Audubon. Mr.. Gjerloff
recently returned from Denmark
and had many interesting incidents
to relate to friends in his former
home.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Louie Bartlett and daughter,
Helen, were in Coon Rapids, their
former home, recently and disposed
of their household goods. They
are making their home here with his
brother-in-law, Fred Tremmel, since
the death Of Mrs. Tremmel, and
have sold their property in Coon
Rapids since coming here to reside.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr.. and Mrs. Miller HENDERSON
became the proud parents of a ba-
by girl, who arrived at their home
on Thanksgiving Day.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mrs. Mollie Jenkins departed
Friday last for Sioux City, for a
visit with her daughter, and she
may decide to spend the winter
there. She had planned to spend
the winter in Texas with her nephew
but as he was expecting to be moved
to Louisiana, she may be compelled
to give up her trip to that state
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr. and Mrs. Sam Sorenson re-
turned here from Audubon to COM
plete their visit at the Nels Hansen
home. They are planning to leave
the last of this, week on their return
trip to Chicago. Mesdames Soren-
son and Hansen are sisters.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss Martha Bush, who is a
nurse at the HARRISON hospital in
Guthrie Center;i. has been in Extra
this week visiting Ahr cousins, Hen
ny and Lena BUSH.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr.. Ed Northup took his wife to
Audubon one day last week, where
she underwent an operation for the
removal of tonsils, which was per-
formed by Drs. Brooks and Beers.
Mrs. Northup has been very sick
with rheumatism for number Of
weeks, and it is hoped that now she
will soon recover.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Take your Poutay,' Cream and
Eggs where you always get best
prices. 1t is at your own station.
Farmers Produce Station,
P. p. NIsSEN, Mgr.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mrs. Hannah Strickland enter.
tanned a few friends from North
Branch, at Thanksgiving dinner.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Order Storm Windows and Door
now from Green Bay Lumber ca
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Order Storm Windows and Doors
now from Green B~y Lumber Co.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

+ /. x < !. 4 4 4 !. + :. + = !. :. 4
Miss Grace Terhune visited over
Thanksgiving with her brother,
Merle Terhune and family.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Nick Dofing, a former resident Of
Extra when he was employed in the
drug business, was in Extra Tues
day and Wednesday shaking hands
with old friends. He departed
Wednesday morning for Kansas
City, where he is now making his
home.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Pay your subscription and get a
road map.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Watch for the Friday and Satur-
day specials in groceries at Peter
sens Store-.adv.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Watch for the Friday and Satur-
day specials in groceries at Petersens
Store adv.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
For Sale

5 Chester White Bears, at my
place 4 miles east of town.
d. ANDREW L. JENSEN.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr.. and Mrs. Charley Jensen of
Atlantic were in Extra, Saturday
and Sunday visiting at the soren
Madsen home,
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
Franklin CO. Illinois Coal

The Best Of the Best. Only
$3.50 per ton. Phone 46 at once
K. M. PERSING
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Misses Helena Ndsea and Freida
Fredericksen went to Des MONIES
Tuesday, wheres they will attend
Grand View College tins winter.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Read the Journals big clubbing
offer in this issue.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss Lillian Mann of Guthrie
Center was a guest of her friend,
Mrs. Roy Hensley, over Thanksgiv-
ing She left Sunday evening for
Grinnell, where she is attending
College.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02


Leroy Christensen of Extra UNI
derwent an operation at the Allan
tic hospital, Tuesday morning.
Mrs. Jack Kearney will entertain
the ladies of the Thursday Club this
afternoon, at her home.
For Sale
Poland China sows. Priced
reasonable.
If ANDREW G. NELSON.
For Sale
Registered Duroc Jersey Spring
Bears. o2l
Arthur Kragelund,
Brayton, Iowa
Take your Poultry, Cream and
Eggs where you always get best
prices. 1t is at your own station.
Farmers Produce Station.
P. P. NISSEN, Mgr.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Mr.. Beeson, Of Menlo, the new
Science teacher of the Extra High
School, entered upon his duties
Monday morning. He is filling the
position made vacant by the resig-
nation of Miss Pugh. He is room
ing at the James Channon home.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
"Lyceum Singers at the High
School Auditorium, December 3rd.

"Lyceum Singers" at the High
School Auditorium, December 3rd.
Miss Elva Wahlert has resigned
her position at the Park Hotel and
returned to her home in the country.
Mrs. Florence Nelson came up
from Atlantic Thursday last. to
assist with the household duties at
the Theodore Nelson home during
the convalescence of Mrs. Nelson.
TAKEN IN: One red calf.
Owner can have same by paying
for feed and this ad. Phone Elk
Horn IA.
JENs P. CHRISTENSEN.
Mr.. and Mrs. Elmer Heath and
family autoed to the home of their
son, Earl, south of Atlantic and
spent Thanksgiving Day.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Order Storm Windows and Doors
now from Green Bay Lumber Co.'S
George Higgins, who has been
working near Stuart, has been spend
ing a few days here with his grand
parents, MIR. and Mrs. Hi Heath.
Miss Decima Edwards visited
Saturday and Sunday with her
mother, Mrs. Francis Edwards. She
returned Monday to her duties.
She Is teaching school near Oakfeld
Milo Petersen was home from
College over Thanksgiving visiting
at the parental Hans P. Petersen
home.
Mrs. Fay Herrick- Robson and
two children were over from Anita
last week visiting her mother, Mrs.
Clara Herrick.
Mrs. p. A. Rasmussen returned
to her home in Audubon, Monday
She had been here since Thursday
last visiting her daughter, Mrs. H.
Nj. Mortensen and husband.
Miss Myrtle Peppers was all over
Thanksgiving visitor with her moth
er in this city. She returned Mon
day to Des Moines, where she is
attending the four C's.
Read the Journals big clubbing
=, CO., -, 4 III, ..c,,n
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Carl Woodruff and Guy Chase
left here Saturday for Omaha,
where they enlisted in the army.
From there, they were sent to Fit.
Mcpherson, Atlanta, Georgia, to
enter camp. Several other young
men are planning to leave this week
to enlist.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Miss Kristine Sorenson, who has
been a photographer in Audubon
for many years, was married Satur-
day, November 18th, in Everett,
Wash, to Mr.. Kris Olesen. Mr..
Olesen was former Audubon man,
and was engaged in carpentering
and cabinet making. He is now
chlropractor in Everett, where they
will continue to reside.
Don't miss the "Lyceum Singers"
at the High School Auditorium,
December 3rd.
LOST: Between Extra and
Brayton last evening wednesday,
spade and pipe auger. Finder
please notify John Molgaard, Bray
ton, Iowa. DE-
UCllSCll " OCllSCll WIZ eIlC having
big public sale tomorrow iFriday)
are located IL mile south of Bray
ton instead of 1-2 mile north as
was stated in their ad in our last
issue.
Watch for the Friday and Satul-
day specials in groceries at Peter
sens Store.-adv.
Miss Carrie Rendleman was over
from Adair to spend her Thanks
giving vacation with her parents.
John Rendleman Jr., Flora Rendle-
man and Miss Gambler took her
back to Adair Sunday afternoon.
Miss Lillian Mann of Guthrie
Center was a guest of her friend,
Mrc Row Hancloy ovar Tho nl-cri1,-
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

Watch for the Friday and Satul-
day specials in groceries at Peter
sens Store. adv.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02

JENS p. CHRISTENSEN.
Mr.. and Mrs. Elmer Heath and
family autoed to the home of their
son, Earl, south Of Atlantic and
spent Thanksgiving Day.
Mrs. Hannah Strickland enter.
tanned few friends from North
Branch, at a Thanksgiving dinner.
Mr. and Mrs. Miller HENDERSON
became the proud parents of ba-
by girl, who arrived at their home
on Thanksgiving Day.
Mrs. Willis Coffman of Guthrie
Center and Mrs. Rollins of Coon
Rapids attended the funeral OF
their nephew, Clarence Elwood, in
Extra, last Wednesday.
MIR. and Mrs. Rasmus Petersen
have rented the P. M. Christensen
residence, just west of the school
house. MIR. Petersen will be EN-
ployed in the Jensen blacksmith
shop.
Mrs. Francis Edwards has been
staying at the James Huyck home
north of town, and doing the house
work while Mrs. Huyck was help
ing her husband husk corn.
Mrs. Robert Herman arrived
here Monday from Marshalltowl
for visit at the Laurids Hansen
home. She is a daughter of Mr.. Free
Gjerloff and sister of Mrs. Han
sen of this city.
Franklin CO. Illinois Coal
The Best Of the Best. Onl,
$3.50 per ton. Phone 46 at once
K. NJ. PERSING
Mr.. Fred Gjerlof returned t,
Extra Saturday from a visit witt
friends in Audubon. Mr.. Gjerlof
recently returned from Denmark
and had many interesting incident
to relate to friends in his forme
home.
Mrs. Mollie Jenkins departe,
Friday last for Sioux City, for
visit with her daughter, and sh
may decide to spend the white
there. She had planned to spen,
the winter in Texas with her nephel
but as he was expecting to be move,
to Louisiana, she may be compelle,
to give up her trip to that state
Louie Bartlett and daughter
Helen, were in Coon Rapids, thei
former home, recently and dispose
of their household goods. The
are making their home here with hi
brother-in-law, Fred Tremmel, sine
1 the death of Mrs. Tremmel. an
have sold their property in Coo
Rapids since coming here to reside
Attention, Maccabees
Next regular meeting Monda,
December 9th. A full attendant
is desired.
j. II. NandeBrake,
ST.. 1t. Record keepe
/ --
DON'T PUT OFF
Having your Overcoats, Winte
Suits and other outer garment
cleaned and pressed at
EARL THOMAS
Modern Dry Cleaner,
Phone 14S
Pressing every afternoon bu
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
Order Storm Windows and Doors
now from Green Bay L lumber Cos

Milo Petersen was home from
College over Thanksgiving visiting
at the parental Hans P. Petersen
home.
Audubon County journal. (Exira, Iowa) 1884-1993, 1920-12-02
!. + \ \ !. 4 :. T. X r. :. = 4 !: = =
* LOCAL and PERSONAL <

: J. 4 !. i x + T. X r. =. !. :. :. <
= LOCAL and PERSONAL +
< !: !. 4 4 4 !. + !. + :. + = =
Miss Grace Terhune visited over
Thanksgiving with her brother,
Merle Terhune and family.
Misses Clara and Mary Voss will
be in Exirs over Christmas holidays
to visit their father and other rela-
tives. Miss Mary is teaching In
Sioux Falls, South Dakota and Clara
is attending school IN Des Moines.
Order Storm Windows and Doors
now from Green leay IAmber Co.
Miss Martha Bush, who is a
nurse at the Harrison hospital in
Guthrie Centerji has been in Extra
this week visiting A,er cousins, Hen
nv and Lena BUSH.
Misses Helena Ndsea and Freida
Fredericksen went to Des Moines
Tuesday, where's they will attend
Grand View College this winter.
Mr.. and Mrs. Charley Jensen of
Atlantic were in Extra, Saturday
and Sunday visiting at the Soren
Madsen home,
Take your Pouitay,' Cream and
Eggs where you always get best
prices 1t is at your own station.
Farmers Produce Station,
P. p. NISSEN, Mgr
Mrs. Robert Christensen is stay
ing at the home of her parents, Mr.
and Mrs. Able Stone in the country
while Mrs. Stone is in Atlantic car
ing for the new baby.
Miss Kathryn Baier, daughter OF
Mr.. and Mrs. Louie Baier, has been
very sick with pneumonia the past
week. She is reported to be on the
pnendl now.
Miss Ramona Simpson spent
Thanksgiving with girl friends
attending college at Grinnell. She
was accompanied by Ruth Reed OF
Audubon.
Mr.. and Mrs HI. j. Savage anc
daughter, Helena, were in Audubon
over Thanksgiving visiting her par.
ents, FL. w. Burr and wife. Henry
is employed as reporter on the
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26
WAITS RIVER.

There was a reception at the Hall
Friday evening in honor of Mr. and
Mrs Wallace Chalmers and family
and Mr. and Mrs Page and daughter,
Hannah Wiley, who have recently
come among US from Corinth. The
evening was pleasantly passed with
dancing and refreshments of coffee,
cake and sandwiches were served to
a good sized crowd.
Mrs Will Hood, Waldo and Mr. and
Mrs Roscoe B Hood were in Wells
River Monday.
Mr. Ernest S Locke and w y Gun
ningham were at Barre Saturday
Mrs Annabelle Woodcock, daughter
Of Mr. and Mrs Wallace Chalmers, is
i'll with the grip.
The first sleigh Of the season was
out Sunday. 1t was driven through
the village by Mr. and Mrs Sydney
Hood of West Topsham.
We are glad to say Rev. Geo. Nor
ris is back among US after an absence
of a few weeks
Roscoe Hood was in East Barre
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26
WEST CORINTH.

Bassett and Willey's saw mill is
shut down for repairs for a few
days.
Mr. M f Whipple recently spent 4
few days in Groton on business.
Mr. Bassett and Mr. Wiley were in
Barre Monday.
The Cheerful Workers Society met
at Mrs Bertha Whites last week
Wednesday afternoon, and tied a
comforter for one of the society.
Mrs Melissa Wright of Chelsea,
who has been working at ] o Hoyt's
the past few weeks, finishes there
this week Wednesday and will work
for Mrs c F Blake for awhile.
Leon Cilley was in Chelsea last
Saturday.
Mrs Burroughs has finished work
for Mr. Audrey and is home now.
There was a party at Mrs Bessie
Magoon's Saturday night, which was
attended by number Of people
from away.
About twelve inches of snow fell
here Sunday and Monday, making It
good sleighing.
Mrs Arthur Blake has been i'll
with a mild form of tonsilitis. DR..
Deming was called to see her. Now
the teacher, Miss Pierce, who boards
there, has tonsilitis, and there will
be no more school until next week.
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26
EAST C0RINTH.

The men of this community have
certainly proved that when they un-
dertake to do anything they can do
it we'll. The Mems Fair and Oyster
Supper held in the vestry Nov. II
was a decided success. The supper
cooked and served by the men was Ill
that could be asked for. The walters
were prompt and cheerful in their
service, and the head waiter was
alert to see that all wants were
supplied. The statesmen were equal
to the task of disposing of all the
goods they were asked to sell. The
evening was not long enough so all
could have their fortune told and
the kind seer will have to come
again. The readings given by Mr.
Smith of Wells River were very
much enjoyed, as was the music by
the Newbury Center friends. The
net receipts were Sl0955. A good
start for the repair fund for the
church. Having had such good sue
cess this time we hope it will be
made an annual event.
Church Notes for Sunday, Nov. 2S,
1920. Congregational Church. Rev. E p
Cutler, pastor.
Morning Service 1890.
Sunday School 1l.30.
Special music this Sunday nv n
quartette of little girls, Misses Freda
Page, Dorothy Jackman, Lizzie King,
and Rosemary Cook.
The net receipts from the Mems
Fair and Oyster Supper were S109.55.
For December it is planned to have
a Baked Bean Supper and entertain
ment by the school children. In
January we will have a Mems Play.
Something doing the third Friday of |
every month in the church vestry.
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26
CORINTH.


Olive Hastings is visiting in Woods
vile. N. H.
Earl Hastings has returned from
Concord, where he has been taking
treatments.
Mr. Sanborn was fixing telephone
lines on Dearborn Hill last week
Friday.
Mrs Lyman Wilson is quite ill.
Her son Earl came home on Thurs
day of last week.
Miss Hazel Pierce spent Monday
night with Pearl Blake.
Mr. and Mrs George Hooker are en-
joying their new home, which they
have just moved into.
Miss Pearl Blake is tending East
Corinth Central for Mrs Carter,
while she is away on visit.
Mrs Arthur Blake has been sick
for the past few days but is better
at this writing.
The friends of DIR. Richard S True,
a former Corinth boy, but for many
years a resident of Marblehead and
Boston, Mass, will be glad to know
that he is resting comfortably in the
Hospital, following the. shock, which
he suffered several weeks ago in his
Office in Warren Chambers.
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26
Secure advertising
space in the Opin-
ion Almanac.
TOPSHAM.

Services at the Presbyterian Church
will be at IL a, m. next Sunday and
will be conducted by Rev. Myron
Mack of .Osego, Iowa Mr. Mack is a
native Vermonter having lived in the
town of Orange during his early life.
Let us have a full house.
Mrs Harry Currier has been visit
ing Mrs Elva Brown at Union Village.
Mrs Jessie Mckay has returned
from Groton.
1 N Hall and wife of Groton were
at G F Miles last week.
R M and E M Chalmers have in
stalled a telephone on the Topsham
line.
j F Miles has hens of the Silver
Campine variety, which were laying
at five months of age. They were
purchased when day old chicks of
Mrs H j Carr of Barre.
The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1920-11-26

upon their release from the prison;
and at his request Professor Richard
son recently spoke at the prison
yard. About fifty men heard the
talk on "The Possibilities of the
Poultry Business" and one of them,
who had had stenographic experience,
took it down by shorthand verbatim.
1t is possible to make a good
start in poultry with as small a
capital as S700, in the opinion of
Prof. A w Richardson; and this sum
should allow any one to keep IT'S
hens the first year. This figure is
based on the supposition that one
should buy 400 chicks in the spring
at an estimated cost of % cents
apiece. The cost of the brooder
house would be about 500, the stove
S25, the cost of growing IT'S pullets
minus the profit from broilers S175,
and the cost of the, poultry house
$500. If lumber is available, the
cost can be considerably reduced.
New Hampshire farmers are in
reality financing themselves, accord
ing to study of the farm credit
situation in this state recently made
by A B Genung, of the New Hamp-
shire College Extension Service. Re-
ports from 25 banks in the state
showed that the average savings bank
has deposits made by farmers to the
extent of $4,000, while it. is loan
ing to farmers S68,687; the average
national bank has deposits made by
farmers of S47,500 and is loaning to
farmers S47,843 In other words, i'll
the average community the farmers
having surplus funds are able to
meet the needs of the other farmers
in that community who requires
loans. The bank acts as the clearing
house-the medium by which lender
and borrower are brought together.
This fact makes it evident that a
definite obligation rests upon the
country banks of the state to meet
the legitimate credit needs of far
mers without bubble or hesitation;
and in fact, of the 25 banks men,
toned, 81 state that they consider
their farmer business distinct asset,
and all but two banks state that
the present money situation has not
compelled any restriction of their
loans to farmers. On the other
hand, the farmer who desires credit |
also has an obligation to deal with |
the matter in business-like fashion.
1t cannot be too strongly emphasized
that the extension of credit is a
business transaction. A man is not |
ordinarily justified in seeking credit
unless the circumstances of his bust
ness render it likely that this will |
result profitably to himself. !