Evening star., 1933-01-31
FARM LOAN TOTAL
NEAR TWO BILLIONS
.91 Per Cent of Insurance
Firms Hold ST, ,666, 900, 900
In Mortgages.
By the Associated Press.

By the Associated Press.
NEW YORK. January 3l-The As
ISOLATION Of Life Insurance Presidents,
which represents more than 81 per
cent of the Nations life insurance COM
panies. said today that farm mortgages
held by those companies throughout
the country at the end Of 1882 were
estimated to be approximately $685.
100000.
The association said there was no
means of knowing. at the present time,
how far the moratorium movement, af-
fecting Iowa mortgages would spread.
At the end of 1881, the latest avail
able figures, the association said farm
mortgages held in the seven West
North Central States, which include
Iowa, amounted to $1,08l. .274,O00. re-
presenting slightly more than 60 per
cent of the total for the country. The
other States listed in the West North
Central group are Minnesota, Mis-
souri,, North Dakota, South Dakota,
Nebraska and Kansas.
Farm mortgages in the country and
in territories in possession Of the United
States at the end of 1881 aggregated
$1,835 ,525, 900, the association said.
Distribution Of Loans.
Outstanding mortgages on farms held
by those companies throughout the
United States at the close of 1881 in
clude $4,000 in New England States,
S226,00O in Middle Atlantic States,
States, S45, 5,581 900 in South Atlantic
States, S85, ,495, 900 in East South Gen.
trail States, s192. 1903 900 in West South
Central States, S23,920,00O in Mountain
States and s52,773,00 in Pacific States,
Mortgages held in United States
territorial possessions amounted to
S64,000, and in Canada, S6,603,000.
The association comprises So life
insurance companies, holding 91.6 per
cent of assets Of all companies in the
country.
Prospects OF Assistance.
A series of events moved swiftly yes
terday to turn the spotlight on the
overalled king. What the farmers may
expect in the way Of assistance lies in
these developments:
l. The New York Life Insurance Co.,
through its president Thomas A. Buck
ner, led the parade Of insurers in pro-
claiming private moratorium on farm
foreclosures.
&. llC hCtlld, SO1lliCCIlSuL MuGudl,
Phoenix Mutual and Connecticut, gen.
telegraphed Gov. Clyde Herring OF Iowa
that they will comply with his pro-
claimed request to hold up farm fore
closures.
3. A census led to the belief that the
same action may be taken by other
companies.
4. The Iowa Senate Committee on
Emergency Legislation approved a pro-
poSal to form Statewide organization
to assist both mortgagor and mortgage
S. A South Dakota newspaper man
w. R. Ronald Of attempted to
override the Institute of American Meat
Packers in hearing on the domestic
allotment bill at Washington in defend
ing the price-fixing measure.
6. The National House of Repre-
sentatives gave approval to the bank
ruptcy reform bill which will give the
farmer a chance to explain his mort
gage difficulties to Federal Court
judge. with a possibility of arbitration.
7. Nebraska's Gov. Bryan set to work
a conciliation board to iron out dis
agreement between debtors and cred
itors to halt demonstrations and smooth
the path for legitimate adjustments.
Five Men Indicted.
8. At Cherokee, Iowa, q grand jury
indicted five men and six John Does
for the part they played in allegedly
firing on holiday farm pickets at the
height of the farm strike last Fall. A
bank president, the sheriff, a doctor
and eight others were included in the
indictments returned, charging assault
with intent to commit murder, Con
spiracy to gas, shoot and beat" and per-
jury.
8. At Bowling Green. Ohio, 800
farmers attended mortgage protest
meeting here at which it was announc-
ed that Gov George White had selected
a board of five members to act as me-
diators between creditors and debtors
in six Northwestern Ohio agricultural
counties.