The Richmond palladium and sun-telegram., 1922-06-12

own Tom Taggart, of French Lick and
indianapolis. Well, next came Rufus
Fairfax, who is now at Roundhead,
Ohio, the property of J. " Hill, at a
cost of $3,700. Rufus is two and one
half years old
But don't for a moment think that
Indiana's Tom Taggart failed to grab
anything at the sale. Far different
Tom bid up Queen Farmer to $3.50
but Hearst is shipping her to his Cal
ifornia ranch at an expense of S2,600,
f. o. b. Kentland' But Tom got even
later. He paid $1,100 for Garnet Fair
fax and calf; also bought three other
cows at various prices.
Pavilion Well Filled
The McCray sale pavilion. which
seats 1000 or more comfortably, was
filled to the edges, several states be-
ing represented. Among the principal
buyers, in addition to Taggart and
Hearst, were Ferguson Brothers. OF
Candy, Mimi; S. F. Weatherly, Of
Stark. Wis; j. v Hill, of Roundhead.
o.; Farmers Loan Company of Dan
vile, Ind; Kencaryl ranch, of Little
ton, Colo; j. H. VanAtta, of Lafay-
ette: Shadeland farm, Of Lafayette;
Martin Brothers, Highgate, Ontario;
w. ]. Hamilton, of Syracuse, N Y;
and Peoples Land Company, of Ports
mouth, 0. The Farmers Loan Com
pany of Danville, Ind, which bought
several head, paid $4,000 for the bull
Beaumont Fairfax
1t is evident that Mr. McCray knows
a celebrity when he sees or hears of
one, and that he is giving to perpet-
uating their names, as far as practi-
cable, as for example Warren Fairfax
and Georgeade Fairfax, two bulls in
| the sale. Warren Fairfax first saw
the light few weeks before Harding
was inaugurated, and brought $3.50 a.
| the sale. Georgeade Fairfax sold for
an even $1,000 bill. A flock of cleo
| trio fans and plenty of icewater con-
duced to the comfort of the visitors
I State Dairymen to Meet
! It is expected that the largest meet
! ing of dairymen ever held in Indiana
will convene at Indianapolis, on Tues
day afternoon, June IS, at / o'clock. in
the Palm room at the Claypool Vim.
/ F. Schilling, of Northfield, Mimi, IN
ternationally known as student OF
dairy problems, will be the speaker
of the day.
C. NJ. George, secretary of the Indi.
/
states that Mr.. Schilling is among
the foremost advocates of cooperative
production and selling in the country,
as applied to dairy products AS pres
ident of the Twin Cities Milk Produc-
ers' association and as vice president
of the National Milk Producers fedora
ton, he is force in the milk and
dairy business of the country
! Mr.. Schilling is billed to speak at
Muncie on Wednesday evening and
later will address the farm bureau
members at Ft. Wayne. The Indiana
! State farm bureau officials are hope
full that all members living in the
! districts in which Mr.. Schilling
speaks. shall turn out to hear him
For Cheaper Farm Loans
A leading Indiana banker writes
: letter to a friendly publisher which
contains information of interest to
|, farmers as we'll as to investors in
|, farm loan mortgages. The gentleman
is looking for per cent mortgage
loans at no distant day. He says:
: 1.-The writer has just returned from
an Eastern trip where he found that
/ the insurance companies are unable to
obtain the volume of mortgage loans
{ which they require. Their supply OF
! funds available for investment in
: farm mortgages is greater than the
! amount of mortgages which they can
) secure. They are now charging s
| per cent. In order to encourage the
: submission to them of additional bus
: mess, there is no doubt that they will
} soon reduce the interest rate which
they charge from per cent to 51z per
cent. The rate which they charge
: governs the rate which we charge be-
: cause the largest investors in the
| world are the life insurance compan-
} les. and they buy more farm mort
= cages than any other class of securi-
} ties. In our opinion per cent rate
: will not continue much longer
Last January farm mortgages bore
81 per cent. In March the rate was re-
duced to 612 per cent. In April the
r rate dropped to s per cent. II is noc
? improbable that before long 5 per
? cent rate may govern farm mortgag-
: es."