The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-01-20
The Farm and the Farmer
BY William r. Sanborn

The cashier of the Farmers State
bank at College Corner, Ohio, tells US
that they have no complaint whatever
to make with regard to business In
1921, either as compared with that
done in 1920, or in general way.
I'VE had plenty of loanable funds al
all times" he said, land have been as
helpful as possible in keeping the
wheels of business in motion"
A very unusual statement with rel
erence to loanable funds was made by
the official of this College Corner
bank For instance, he stated that
not only did his bank have all the
money needed by borrowers, in 1921,
but that was true today and had been
true for the past rs years. The only
exception being in 1907, in which year
their bank found it necessary to bor-
row to completely supply the demand
for loans. With that single exception,
he said, 1.-The individual resources of
the institution had been found ample
for all needs during all these years.
The deposits of the Farmers State
bank exceed 100000 on the average,
! we are told. Its officials are not look
ing for any great Improvement in the
farmers business this year, but are
hoping for the best, judging from their
comment on conditions. I'VE had no
bills payable on January H. is the
statement of the cashier. No change
was made in the official board at the
annual election.
| Banking at w. Manchester
| Compared with 1920 our business
/ fell off little last year, but not a
| great deal" states the cashier of the
First State bank of West Manchester,
Ohio. Cashier Leas believes that more
feeding is being done this winter than
I last, this applying to both hogs and
cattle, said he. Farmers are selling
/ but little" Mr.. Leas stated, land this
lis because they don't like going prices
In consequence business just now is
very quiet. Our farmers are expect
ing better things in 1927 or at least
have that hope, and in this every one
else joins" said the cashier. No
changes were made in the official
staff at the annual election on the
18th inst.
Reported From Oxford, Ohio.
! ]. Gilbert Walsh, cashier of the
Farmers State and Savings bank, al
| Oxford, said: I'VE are not making
any new loans at this time, but our
loan account was rather large, in fact
there was an excessive demand fol-
money during most of 1921. Our de
posits have held up fairly well, and
are running between 100000 and
| $375,000, as rule. Farmers are not
selling, as grain prices do not suit
them and no one blames them fol
waiting for better prices. Most OF
them are looking hopefully forward to
| better prices and better times. NJ
changes were made in our staff OF
directory at the late annual election
Business is rather quiet at this time
/ Paul c. King, cashier of the bank a
New Madison, states that while bust
ness isn't rushing it may be consid
cred good, in view of prevailing condi
4 tions, the country over. He says thu
demand for money has fallen off some
I since the holidays, and that all old OF
ficials and directors were reelected a
the annual meeting.
4 Rapidfire Farm Trading
Most anything may happen in this
changing world, and may happen il
record time, even in the trading o
farms, elevators, stocks of goods, etc
A comparatively short time ago, a!
= measured in weeks, two Richmont
men, as the story runs, came int
J possession of tidy farm in the viii
liamsburg section. In short order thi
farm was traded for an elevator 10
Gated north of Winchester. The mex
move, as we are told, was the tradini
! of the elevator property for an apart
ment house in Indianapolis. The mex
, thing, as we learn, was the tradin
of the apartment house for a farm