Arizona republican., 1922-04-13
MESA LEARNS FARM
LOAN ASSOCIATION
IS GIVEN CHARTER

ID UIEEU UIIIItI Hi
MESA. Ariz., April 12-Of interest
To farm owners in Maricopa county
was the official word received this
week by the National Farm Loan as
ISOLATION Of Mesa to the effect that
the, Federal Farm Loan association at
washington had issued the charter
to the local organization. The lssu-
ance OF the charter is regarded as as
sif~ance to those whose loan appii-
cations have been approved that the
money will soon be forthcoming.
information that the charter had
heen granted was contained in let
fer received Monday by ]. w. Le-
sel,er. president of the local associa-
ton. from Ralph II. Cameron, IN
which he said:
.sThe Federal farm loan board mas
iust informed me that they nave au-
,horized the issuance of a charter 70
The National Farm Loan ASSOCIATION
sf Mesa, and am glad to note tnal
they have approved thus Tar ioaiis
10 the amount of $500.
%ai am sure your association will
. receive every consideration and at
tention at the hands of Mr.. Wallace
NacDonald, who has recently been
supointed land appraiser in that dls-
At about the same time, c. c. Gle
tner1t secretary treasurer OF the Mesa
association. received the following
communication from the Federal loan
bank, Of Berkeley. dated April s
"Wehaye today received word from
the Federal loan board at Washing-
ton advising that your association
charter has been issued.
is in our hands or sent in promptly,
loans viii be under process OF clos
ing within very short time"
The Mesa association was organlz-
ed on November IL. 1921, and now
retains office quarters in the Chan
dler court where Mr.. Clement as
secretary treasurer transacts the
concerns business. Applications to-
taIinr nearly 100000 have been re-
ceived to date Mr. Clement said
Wednesday, and of these SS01. 400 have
been approved and official notices OF
the approval and acceptance issued
to the applicants. Many others are
now in the process of closing.
IN exclamation Of the federal farm
loan system as it now operates. Mr..
Clement said, ''the interest rate is
pA- cent and with an annual pay
ment Of per cent of the total OF
the loan in which the per cent in
terest is included. the loan is paid
Off In 33 years, thus making it pos
sible for the farmers to apply earn
inEs over and above z per cent OF nus
loan to other matters. He can pay II
in five years without additional bonus
interest, or at any payment date
thereafter. Any part or all may pc
While the loan office is located in
Mesa and the officers of the or
~anization are all residents of this
district, Mr.. Clement stated that the
association is in a nosition to accept
applications from any portion OF
Maricopa county
Hendrix Heads Rotary
Herman 2. Hendrix, superIntend-
ent of the Mesa union high and the
grammar schools. has been selected
as president of the Mesa Rotary club
By the recently elected board of di-
rectors. Announcement of his Sc
lection and that of other officers was
made at the weekly meeting of the
club held Wednesday in the guild
hall. G. W. Silverthorn is the vice
president, Francis Bloy secretary and
J. c.. Raymond is treasurer. Charles
3. Flynn was chairman of the meet
ILk w S4IiCSudJ cAt0 Ac1l1S va AeOeSNhJ
were given by various members. An
nouncement was made that the Mesa
club has been changed from the 23d
TO the fifth Rotary district, which
will include the states of Arizona,
New Mexico and Texas.
Jap Shows Improvement
Walter K. Sugimato. local Japa-
nese pool hall proprietor who was
seriously injured in an automobile
accident on the baseline south OF
Mesa, Thursday afternoon, has shown
some indications of Improvement and
the chances are now favorable that
he will recover. according to word re-
ceived from the south side COM
munity hospital where the injured
man is being cared for. Sugimato
was unconscious when taken to the
hospital following the accident and
he continued in a more or less dazed
state of mind Wednesday. it was said
In addition to the severe injuries
about his head. the mans right arm
appears to be paralyzed
Quartet Gives Final Number
The Fine Arts quartet appeared II
the high school auditorium Wednes-
day afternoon as the final event or
the lyceum course this season. The
entertainment was scheduled fol
Tuesday night, but the artists failed
TO make train connections and were
delayed in their arrival at Mesa
Other night engagements made Wed
nesday afternoon the only available
date for the entertainment here.
Style Show Attracts Many
Many hundreds of residents Of tn
southside and valley thronged thu
Toggery on Tuesday evening to par
ticipate in the annual Easter part,
- x-fo f1a GfxyIa Gilnu- Tho
yelling of the beautifully dressed win
dows at o'clock marked the open
ing OF the event and from then unit
nearly IL o'clock the large depart
Ynent store was crowded with inter