davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-19
New Financing
For City People
BY ROBERT 3. TooTELL
Governor, Fern Credit Administration

on machinery and buildings,
except the residence.
Living expenses and pay
ments on his Land Bank loan
may come from other de-
pendable sources. In other
words, home value and in
come earned OF the farm are
considered in making farm
land appraisals for Land
Bank mortgage loans.
First Step
The important first step for
any part-time farmer 10 to
contact the national farm
loan association in the area
in which he wishes ito live.
Association secretaries are
available to talk over the
problems Of prospective part
time farmers, ~ well a. those
who are already established.
Being specialists in farm A.
nancing. they know what the
farm buyer needs-such as .
good location and soil that
II productive and easily
worked.
Once the farm 10 appraised
and the loan approved. the
part-tims farmer becomes an
equal partner. along with
thousands Of commercial
farmers, IN Q fully farmer
owned landing system. Farm
ers own their national farm
loan associations (local CO.
operatives). which, in turn.
own the II district Federal
land banks. The Federal land
bank serving associations in
this area is in Baltimore.
The bulk Of the lending funds
for the land bank system Is
obtained by selling bonds,
backed In large part by farm
ers' mortgages, TO investors in
all parts Of the country.
System Pioneers
since IT'S beginning in 1917.
the CO operative land bank
system has pioneered in many
areas Of farm lending. The
system has:
/. introduced the long
term, amortized mortgage
loan to farmers on q Nation
wide basis.
2. Developed the idea Of
appraising farms on the
basis Of normal agricultural
values, giving consideration
to long-term earning power.
3. introduced q policy Of
allowing member = borrowers
to pay of their loans ahead
of schedule, without penalty,
and encouraged members to
set aside part Of their in
come in good years in order
TO be assured Of meeting fu-
ture installments.
4. Gained o reputation
among farmers Of sticking
with them during periods Of
economic adversely.
Part-time farmers are now
eligible to become q part Of
this program through . land
bank loan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-19

More and more people are
combining farming with city
or town jobs.
City people who grew up
on farms are turning to part
time farming as q means OF
getting back to the country
to raise their families.
Those people who want TO
combine farming with q city
pay check are finding the
financial path much smoother
through the cooperative
Land Bank System. The land
bank loan. for Il years the
symbol Of farm mortgage
loans among the Nations
commercial farmers. 10 now
available 10 qualifying part
time farmers.
Looms Mode NseFby
Land bank loans are made
through national farm loan
associations. Assoc atoms
serving the nearby sections
of Maryland and Virginia are
located ct Frederick and up
per Marlboro, Nd, and War
renton. Va. The WarTenton
association m Aintains Q
branch ONCE at Leesburg.
Qualifying for . land bank
loan represents o major
"break-through" for part
time farmers because they
have not always found ade-
quate financing suited TO their
needs. Although some COM
mercial banks and individuals
have been financing part
time farmers. most loans have
been of q short-term nature
and the interest rates have
been relatively high.
Land bank loans, which
can be used TO buy farms,
refinance debts or to A.
nance farm improvements,
are spread over i've TO 20
years, but usually 40 years.
During the year ending
June 80. part-time farmers in
the United States obtained
over $500 land bank loans
worth $33 million. The trend
in agriculture toward more
part-time farms on the one
hand. or large commercial
farms on the other, will prob
ably push this figure upward
in years to come.
Definitions Differ
Definitions OF part-time
farmers vary widely. The
Census Bureau defines a part
time farm as one with q value
of sales Of farm products Of
$3.50 to $1,199 q year, II the
operator worked 100 or more
days OF the farm, or IL nom
farm income received by him
and members Of his family
was greater than the value
of the farm products sold.
So far as qualifying for q
Land Bank loan is concerned,
q part-time farmer merely
must make enough income
from farming to meet his
farm expenses, including real
estate, taxes and the upkeep
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18

s47.ita.oii IN the same 1887
period.
New construction loans
amounted 10 t23.b33. 900. a
Jump Of 20 per cent from u.s.
zoo, $50 q year earlier.
Home purchase loans Of sac
73l.34e we're Is per cent ahead
Of t23. 72e,e7l In the same 1857
period. and other loans Of sio.-
27S.oi4 were 50 per cent above
LOO. 5ss.
Settlements for new loans In
April alone amounted 10 si6.-
2o6.ii7. compared with si3.-
765. 06o a year earlier. New con-
struction bans totaled s5.342.-
$50 VS.. S5.34e.200. Home pur-
chase loans aggregated s7.s7i,-
925 vs.. e6.28l. $40. and other
loans totaled s3,0si .s42 vs.. s2.-
l35,22e.
The 20 member ASSOCIATIONS
held Ssi6.s76,2is OF first mort
gage real estate loans on April
80, an increase of s.s per cent
from $3.50. 609.24l on the same
date last year.
Both assets and invested
savings Of the associations
reached new all-time highs at
the end Of April.
Assets amounted TO $780,
! SOC, 1913, an increase Of l0.4 per
cent from 1851. 758.Sl5 a year
earlier. Invested savings Of
1922, 446, 622 we're up 1872 per
cent from $733, 383.576 on the
same 1857 date.
Cash and Government obli-
cations on April 80 amounted
TO $89, 29l .999. a gain of 25.3
per cent from $7l,303,75s and
reserves Of s73,43l,l59 we're So
per cent ahead Of $69,706,S35
a year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
Ad Club Plans Tribute
To Printing Industry

The Advertising Club will
pay special tribute to WASH
ington's printing and publish
ing industry at a luncheon
Tuesday at the Presidential
Arms.
Questions about the Capt.
tails largest manufacturing in
dustry viii be answered by a
panel of experts. They will in
clude:
c. j. Armacost, vice presi-
dent of Stanford Paper Co.;
Peter Becker, jr., owner Of Ar
row Service and consultant to
the Printing Industry of Amer
lea on accounting and costs:
Clarence Harlowe. president Of
Harlowe Typography. Inc; Ira
Kaplan, executive vice presi-
dent of Graphic Arts Press and
Washington Paragraph Co.,
and James King, vice presi-
dent and general manager of
Rex Engraving Co.
Joseph w. Marshall. STAN
ford Paper Co. trade relations
manager, will be chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18

Atlantic City Meeting
Nearby Maryland banks are
well represented at the SD an
nual convention of the Mary
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
Samuel King Elected
BY Alexandria Savings

Samuel c. King has been
elected executive vice president
of the Alexandra Savings and
Loan Association to succeed E.
c. Gibbs. who Is retiring. Presi-
dent CORTLAND H. Davis an
nounced.
Mr.. King has been Q resi-
dent of Alexandria since his
discharge from the Army in
1916 has been in the real
estate business in Virginia and
the District. He has been &C
tive in remodeling and apprais-
ing. Mr.. Gibbs will devote his
attention to his insurance bust
ness and other interests.
The association. formerly
known as the German Co
operative Building Association
was founded in 1853 and is the
oldest savings and loan associa-
ton in the State.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18

land Bankers Association,
which opened Friday at At
lantic City. N. j., and viii last
through Tuesday.
william Bowie. vice chair
man Of the board Of Suburban
Trust Co.. is completing a years
service as second vice presi-
dent Of the association and
Is taking an active part at this
years session.
James p. Casbarian, presi-
dent OF the Bank Of Maryland.
is general chairman for the
convention.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
Federal Services Gains
Volume and Earnings

Federal Services Finance
Corp. had larger gross volume
and net income in six months
ended March 81.
Gross volume was SIS. 168.585
compared with $13,319,837 in
the like period a year earlier
Net income was $246,545 OF
$1.37 a share compared with
$1SS, 1926 or $1.04 a share a year
earlier.
Loans. discounts and other
receiveables totaled 1858, 734
VS.. $20.791, 055 and average
number Of outstanding common
shares rose to 161,l85 from
155, 069.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
Ladies' Committee Listed
For Bankers Convention

Mrs. Frank A. Gunther will
be chairman of the ladies' COM
mittee for the 40th annual con-
vention of the District Bankers
Association at Hot Springs, Va,
June 4-8. Her husband is asso-
citation president.
Mrs. Warren r. Forster will
serve as vice chairman and
other members of the commit
tee include: Mrs. Justin d
Bowersock. Mrs. James p. Ben
fer, jr., Mrs. Daniel j. Gala
han, jr.. Mrs. Douglas r. Smith
Mrs. John C. Mccormack, Mrs
James F. Willett. Mrs. Joseph
r.. Fitzpatrick, Mrs. John M
Harris.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
D. c. Association Looms
Top S63.5 Million

Member associations OF the District Savings and Loan
League made eosb43320 Of t mortgage loans IN the
nst four months Of this year. President Joseph p Burke r
This vas an impressive increase Of IS per cent from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-18
NEW YORK STOCK EXCHANGE WEEKLY SUMMARY

wfIk HIDING SATURDAY. NAY u. 1858
nsS Low ds 40 Sdd6 ma 4. CO. sSs
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
FISHING SEASON
OPENS May 20;
AREA LAKES GOOD

Fishing season opens next
Wednesday, May % and local
anglers are preparing to go after
those opening-day big ones. A
number of lakes have been
checked by the Department OF
Fish and Game and Alex McRae
stated that the fish +" do look
good" This year there will be
no closed lakes in the valley on
opening day. Two area lakes,
Lake Lucille and Long Lake
which were closed after stocking
two years ago, will be open.
Meters Lake, which is to be
stocked later this year, has been
cleaned out in preparation of the
stocking program.
Fishing licenses now in force
expire on June 30 of this year.
These. licenses are issued by the
u. S. Department of the Interior
Fish and Wildlife Service. In adj
dition, a territorial fishing stamp
is required by all fishermen fish
ing for personal use in either
salt or fresh water, for any fish.
The resident sport fishing H.
cense stamp ($2) may be pur-
chased at Bert's Drug Store or.
Koslosky's Department Stores,
where the FWS licenses are also
sold.
A number of area lakes were
planted from the Fire Lake
Hatchery by the Alaska Depart
ment Of Fish and Game, and ac-
cording to McRae, most Of these
are producing good" fishing.
Lakes above the Chickaloon
River will not be opened until
June 8. Lakes in this area, listed
below, will open May %:
Bradley, Echo, Keppler, Mata-
nuska, Long and Unnamed lakes,
all located off the Matanuska
Road will be open and fishing is
reported good in all but Echo,
where fishing will be fair" Falk
Lake on the Butte road was re-
ported poor. This lake is open
for juvenile fishing only.
Lucille Lake in Wasilla and
Rocky Lake on the Big Lake
Road are reported good; Sharon
Lake, also on Big Lake Road has
a report of poor
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
POLICE CAR, WATER
TRUCK BEING REPAIRED

Hartley Motors, Inc. will do
he motor repair job on the city
police car and Motor-In Service
vill do the work on the water
truck. These local garages were
successful bidders for the work.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
LOCAL BOWERS
FORM 5 LEAGUES

Five bowling leagues have
been organized at the Palmer
Bowling Center and have started
their summer bowling schedules.
they are the Valley Bowling
League, the Pioneer Bowling
League Cloth made up of five
man teams), two Mixed Couples
leagues, and the Women's
League. The latter three leagues
will be coming up with names
for themselves very shortly.
TIL mixed couples league starts
the week off with their games
being rolled on Mondays. There
are six two-couple teams bowl
ing in this league which started
their games a week ago Mon
day. Standings as of that date
are reported below.
IA second Mixed Couples
League will be bowling each
Tuesday evening, with their
first games rolled this week.
Their standings will be reported
next week.
On Wednesday evenings two
leagues are bowling, the Pho
neers and the women's league.
The Pioneer standings are re-
ported below; the women's stand
lngs will be reported next week.
On Thurs days the Valley
league bowls at Gas pm. Open
rboWling is held after the match
es and On Friday, Saturdays and
SUNDAYS.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
Cadets Raise S44
In Car Wash Project

The Pa I'm er CAP. Cadet
Squadron netted $44 on their
public car wash held here last
Saturday and this week ex-
pressed their thanks to the Palm
er Elks, City of Palmer, and all
persons who helped make their
money raising project a success.
Another car wash or some other
type oney-raising activity is
being planned for next month.
The cadets are attempting to
raise funds for the purchase of
regulation uniforms which they
must have in order to attend the
summer encampment.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
Parents Announce
Duuqhfer's ENGAGEMENT

Mr.. and Mrs. Martin HALVES
of Palmer have announced the
engagement of their daughter,
Gerda Inga, to Herbert w. Isaac,
Jr., son Of Mr.. and Mrs. Herbert
w. Isaac Of Odonton, Maryland.
NO date has yet been set for the
wedding.
Miss KaIwies is employed at
Cars Food Center in Anchorage
and is a graduate of the Palmer
High School, class of 1857. Her
fiance is with the U. S. Army at
Fort Richardson.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
Five Years Ago
May I'll. 1853

May Ill 1898
The creamery department Of
the M.V.F.C.A. has completed
three-day trial milk run in con
junction with the U.S.A., from
Palmer to Big Delta, Eielson and
.Ladd AFB. The milk was re-
ported IN very satisfactory con-
dition upon arrival.
A 6o0-acre forest fire in the
Buffalo Coal Mine area was
brought under contorl around 3
pm, Sunday afternoon.
Robert Hartman, valedictorian
of the PHS 1858 graduating class
was named to receive the Terri
torial ElkS most valuable student
award at commencement exer-
cises held May Is.
a mine cavern at the Evan
Jones coal mine snuffed out the
life Of 46-year-old Herbert a.
Pierce at 1:15 today. A compan-
ion, William Shesser, was in
Ejured.
| Donald r. Wilson, district APW
director, has issued a call for
/ bids for construction of the new
Palmer high school.
Palmer Little Leaguers will
hold their first practice session
on Little League field tonight;
More than 80 boys have signed
| up for play.
Members of the NV Airmen's
| Association plan breakfast
flight May "a to Talkeetna
where they will breakfast at the
hotel and to Willow Greek for
| picnic lunch and fishing.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22

FOR FAST RESULTS TRY "A
FRONTIERSMAN CLASSIFIED
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
10 Free AirpIane
Rides Planned As
Colony Day Awards

Ten 15-minute airplane rides
around the valley will be award
ed to that number of lucky peo-
pie on Colony Day. The rides
will be awarded to holders of
lucky tickets to be given away
with each purchase of souvenir
Colony Day button which are be-
ing sold for ST. each. These SOU
venir buttons went on sale ear
lier this week and proceeds will
go toward the costs Of the Colo
ny Day celebration which is be-
ing sponsored by the Matanuska
Valley Chamber of Commerce.
Pilot for the excursion rides
will be Rene Nelson, pilot and
flight instructor at the Palmer
Airport. She will be using Clyde
Kings four-place Stinson.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
Baking Contest
Entry Blanks Here

Entry blanks are available at
the local Extension Service Of
flee for all persons planning to
enter the Chugiak Spring Car
nival baking contest, it was an
nounced this week BY Cleda
Stephans, contest chairman.
The contest will be held at the
Carnival On Friday, May 30. All
entries must BE- at the carnival
grounds IN Chugiak BY | pm
on that date. Area. persons wish
ing to have their baked products
picked up may leave them at
Koslosky's Department Store
where they will be picked up at
II am.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22

A 6o0-acre forest fire in the
Buffalo Coal Mine area was
brought under contorl around 3
pm, Sunday afternoon.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
Executive Meeting
For w omen RowIers

There will be an executive
board meeting Of the Palmer
Women's Bowling Association at
the Palmer Bowling Center on
Friday, May %, at 1870 pm. All
association officers and league
presidents (or a representative
are urged to attend.
Officers Of the recently formed
Women's Association are: Mary
Louise Johns, president; Aggie
Reed, vice president; Irene Vasa-
noja, secretary-treasurer, and
Annabelle Critler, sergeant-at-
arms.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
VALLEY LEAGUE

The Elks team rolled the high
series with a total f2775; Kirk y
team rolled the high game with
973: Ken Youngren, member of
Kinks team, rolled the high sim
gle with 237 and the high game
series with a 556.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
PIONEER LEAGUE

High game was rolled By Bob
Johns Of the No. 5 team, 1913;
high series was also taken by
Johns with a total Of $50.
Bowling fans are invited to
watch their favorite teams and
leagues in action. League bowl
ing begins at 6:45 pm. and con-
,tinues until 9:15 pm. The wom-
ems team bowls on Wednesday
evenings at 9:15, Immediately
following the Pioneers.
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
MIXED DOUBLES

High single game was rolled
by Bert's Drug, TAI; high series
by the same team, 2O38; high sin
gle game for the men was rolled
by Jim Conroy, 176; for the wom-
en- by Doris Finn, 1874; high Sc
ries for the men by Bob Johns,
480, and by Mrs. Finn for the
raaY AS0
The frontiersman. [volume] (Palmer, Alaska) 1952-2005, 1958-05-22
SECRETARY SEATON
PRESS CLUE SPEAKER

Secretary Oh the Interior Fred
A. Seaton will appear as the fea-
tured guest speaker at the Alas
ka Press Clubs annual awards
banquet to be held at the West
rard Hotel in Anchorage on
May 27.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-25

have to be an inquest. After all, I've
attended him for years."
Every good, doctor. And I'd bet
ter send for Johnson. his manservant,
to well, to do things"
by all means"
The doctors long gray car slid up
outside the ancient Office building at
the same time as the black police car.
As Inspector Lomax emerged, a lean,
quiet, Thoughtful type, the doctor
walked across and introduced him
self. They went up together.
"A remarkable life" said the doc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-25

expected, you know. His
age, and that heart. Yes,
I'll be along in a quarter
Of an hour. And as a
matter of form you'd
better notify the police. !"
The police?"
Purely routine pre-
caution. Having died at
his Office and not at his
home. But | don't think
for one moment there'Il
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-25

have survived to ms age.
lisa, her mouth pathetically steady,
told them all she knew and led them
into the inner room. The doctor
made a brief examination and said
soIemnIy, Eyes. That final paroxysm.
He must have slumped forward and
been gone within seconds"
The marks on the wiSt?' said
the Inspector.
Would have been self-made as he
passed into eternity
The inspector nodded. There's
nothing for me here. When I get
back Ill ask the coroner's officer to
have a word with you just in case"
There were slight sounds in the
outer Office, followed by a humble
tapping at the door. Isa opened il. A
middle-aeed man with sandy-eray
hair said huskily, "A sad day, Miss"
She nodded unhappily, brought him
in and glanced at the others. This is
MIR. Johnson, his personal servant"
Head bowed, Johnson regarded his
late master. "A sad day, indeed. Was
it very sudden?''
livery. He was well and lively
when MIR. Henry went," Miss Mac
lean said.
"Mr. Henry was here this morn
mgr
YES, about some business. And
right up to the time he left, MIR.
Andrew was his normal self. know
that because as MIR. Henry was about
to come out of this room he paused
in the doorway and put some ques-
ton, and his uncle said, We'll, Wen
see. well see.'"
Oohnson's jaw twitched
queerly. Beneath his averted lids flick
cred a puzzled gleam. He touched the
inspectors arm. "Sir, could ! speak
to you in the other room?"
''Of course"
The two went out. Within minutes
the Inspector came back through the
doorway and said, Miss MacIean,
did his nephew carry a case with him
today?'
"Yes, large black brief case"
Gan you get in touch with him
quickly?"
81 can. He's lunching an editor at
the Reporters Club"
Ring him at once. Tell him the
news and ask him to drive round
Immediately. He needn't be away
from his guest for long. Tell him
that. Please wait here, both of you,
with Johnson. Ill be back soon after
the nephew turns up"
The Inspector was as good as his
word. Three minutes after Mr.. Henry
entered the inner room and expressed
his grief, the inspector arrived. lie
was carrying a bulky black brief case.
At the sight Of it, MIR. Henry went
ashen.
what the devil - ?'
''Mr. - Continued on next page
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-25
Continued from preceding page
AIibi For Mr.. Henry

closed the door. lisa turned back to
her work. A little after twelve the
boss door began to open, and, ever
punctilious, she got to her feet. But
MIR. Henry had paused in the door
way.
He was saying: "And what about
that other business, uncle?'
''Well, well see, well see"
"Okay, and thanks lot"
The door opened wider. MIR. Henry
emerged, closed it and beamed at
her. That's that. Seems fit enough,
doesn't hep He glanced at the Office
clock. "Ten past. Fine. It'll give me
time to get in a couple of drinks be-
fore lunch that editor at the Report
ers' Club. Rather important appoint
ment." He shone his full current of
glamour on her. "All blessings"
Once more she resumed her
work, having to admit he was at least
exciting. Just before the half-hour,
calling the old man on the house
phone, she was surprised to get no
answer. Trying again without result,
she frowned uneasiIy. jumped up and
opened his door.
There she let out shocked gasp
and rushed to him. He was slumped
forward, utterly still, one hand grip
ping the other wrist, his face pressed
against the surface of the desk. His
skin had brownish-lilac hue.
Her eyes misty, her throat aching,
she forced herself to be calm. Her
first action was to slide her hand i'm
side his jacket and vest. The heart
had stopped beating. Next, she picked
up the phone and rang Spencely-
Dormer.
Luckily, it was one of the morn
ings when the eminent consultant
remained at his holy of holes to
receive visiting patients. His words
came over to her with tone Of sooth-
ing authority.
I'm very sorry to hear the news,
Miss Maclean. But it had to be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-25

TINS WEEK Mose.ins/&oy as. 1883