The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-12-11

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90 he has his farm clear and
a bankr0Il,. the Federal Land
Bank sends out slickers- to
hOtTswaggle him, into ':select.
ing the adjoining acres he has
always wanted, to round out his
holdings. Many such a farmer
has, like the fly who had the
adventure with the spider, done
this to his sorrow, and ended
up by losing what little money
he had besides his original
farm. It's an old game, played
again and again by the land
bank.
When this neighbOring farm
er, or the tenant on "Our farm"
has paid into the bank what
cash he has, has conquered the
foul weeds, fixed up the fences,
broke out some more land,
painted the barn and house,
worked himself, wife and chill.
dren to exhaustion and then
fails to inset his taxes or de-
faults a payment, for any rea-
son whether under his control
or not, the Bank fOreclOses him
and then lays in wait for an.
other victim, who wants to
Ground out his holdings, or
another tenant, who on good
terms, have managed by hard
work and good luck to accumu-
late a first payment.
Then it sells again and waits
for an excuse for foreclosure.
But these suckers" on the
farm are not the only ones the
Bank hooks: they are surprised
at the number of farms sold to
''the Butcher, the Baker, the
Candlestick Maker" Sucker,
who 'have come from nearly
every walk of Iife-retired
merchants, sea-faring men, con-
tractors, doctors, mining men
and recently, an excellent pros
pect in the person of a Big
League baseball player" Suck
ers with money made in "Other
walks of life" who left the
farm in their youths, who be-
lieve in the farming myth as
peddled by the bankers and real
estate sharks; are the bottle
green flies who fly into the web
of the spider, which sucks out
of him what there is in him,
and leaves his scintillating SHELL
dangling in the breeze as he
lays in wait for another one.
-Four years ago" says the
circular, with commodity prices
at low ebb, these men, lOOkisg
for a quick return on their
money, passed on to other types
of investment, but not so to-
day. The investor is definitely
in the real estate field-fOr
both profit and safety" Yes,
these men were plucked in the
stock market on Wall Street,
and in sky-scraper bonds and
closed banks, and now he turns
to "real estate" to farm
lands'' to lose these spiders
anything that he may have es.
capped with.
OF course, as far as 'invest-
n4ents" are concerned, investors
have learned again and again
for a while from experiences
many times in the past, that
land has, in the last analysis,
much more permanent value,
than green or gold edged paper,
than stocks and bonds, or de-
bentures: that land provides
food and water, and a place to
live, while they can't eat such
paper. Investors have also
learned that the value of
money, paper, gold or silver,
tluctuates, that it can be stolen
or called in: also that they can
not eat or clOthe themselves
with it, but must convert il, to
do so. So they have realized
in real estate in the past, many
times, as the Federal Lasd
Bank truthfully infers they are
doing now and will do more in
the future as the OncOming in
flatiOn develops.
But these facts are not the
guiding motives behind the