The Fallon standard. (Fallon, Nev.) 1920-1958, 1921-08-10
Started Common
Sense Discussion
Senator Pittman Working for Com
mon Sense Treatment of Arid
Land HOmebuilders

United States Senator Key Pitt
man on last Wednesday introduced
an amendment to the Norris farm
loan bill, now before congress with
every assurance of passage, amend
ments that If adopted would have
made it comparatively easy for the
average man of industry and good in
tent to make good on a homestead
selection In any one of Uncle Sam 3
reclamation projects where public
lands are available to settlers.
Some of Senator Pittman's col
leagues opposed his proposals on the
ground that they would jeopardize
the passage of the Norris bill and
for this reason his amendments were
stricken out in committee. Senator
Pittman lost after debate but takes
consolation in the fact that leading
eastern senators assured him that
further investigation and study will
undoubtedly result in the adoption
of his vital proposals and he natur-
ally feels elated for paradoxically a
defeat under congressional rules
sometimes actually means victory,
and in the case of financial aid for
arid land settlers Nevada's senior
senator feels certain ample pro-
visions will soon be made by con-
gress that will pave the way to GER
tain success for the hardy, indom-
table men who are engaged in the
BODYBUILDING task under more or
less adverse circumstances. Senator
Pittmans proposals are as follows:
THAT the first paragraph of sec
ton IL of an act entitled, An Act
to Provide Capital for Agriculture
Development. to Create a Standard
Form of Investment Based upon
Farm Mortgages, to Equalize Rate of
nish a Market for United States
Bonds, to Create Government Depos.
itaries and Financial Agents for the
United States, and for Other Pur-
poses,' approved July 1t, 1915,
known as the federal farm loan act
be and the same is hereby amended
to read as follows:
First, said loans shall be secured
by duly recorded first mortgages on
farm land within the land bank dis
trict in which the bank is situated
except that loans may be made and
secured by duly recorded mortgages
on farm land within reclamation
projects established and existing un-
der the provisions of the act ap-
proved June II, 1902 (Thirty-second
Statutes, page 3SS) known as the
reclamation act and acts amendatory
and supplementary thereto, subject
to prior liens upon said lands and
the water rights appurtenant thereto
expressly reserved to the United
States in said act; second, that in the
event loan is so made to an entry
man upon said land ara the United
States shall thereafter determine
that said entryman of said land un-
der said reclamation act has forfeit
ed all rights under said act and that
the entry is subject to can"ellatit n,
shall so notify said federal land bank
making such loan to said eutrynan
and said federal land bank shall
have the right within ninety days
from and after a cancellation of said
entry notice of whiea cancellation
shall be given to 1t at the time. to
redeem the land and the wa ~ rigt is
appurtenant thereto by payment of
all moneys due to the United States
by such entryman or on account Of
said entry. The said entryman with
in ninety days from md after said
redemption by said federal land
bank shall have the right to redeem
said land from said federal land
bank by payment of all moneys due
said federal land bank together with
the sum of money paid by all fed
eral land bank to the United States
in the redemption of said land and
water rights. If the said entryman
shall fail to so redea1 s id land
within the period designated then his
right of redemption shall forever
cease and the said federal and bank
shall be treated as An entryman of
said land with a right to perfect
title thereto and dispase of the same
subject however to the payment of
any charges upon said land or water
rights subsequently aceruing TO the
United States and the lien upo1 said
land therefor under said reclamation
act; third, In the event of the safe of
said land under foreclosure proceed
ure or otherwise by the United States
said federal land bank may become
purchaser of said land and water
rights at such sale and may bid
therefore a sum of money equal to
the total amount due to the United
States by said entryman under said
reclamation act and costs of pro sed-
ure plus the amount due said federal
land bank. II the land at said sale
is bid in by said federal land bank
then 1t shall pay to the United States
that proportion of the purchase price
due the United States by said entry
man under said reclamation act an !
shall credit said entryman with the
balance Of said purchase price upon
the said loan aud mortgage. II an.
other than said federal land banb
shall become a purchaser at said sale
then the United States after satisfy
ing its charges, claims and demands
against said entryman, shall pay saiC
federal land bank the amount due 1
| bv said eOtryman and said hanl