Federal Farm Loan Act Details and Provisions for Banks
Describes the Federal Farm Loan Act enacted in 1916, outlining the creation of a twelve district federal land bank system, governance by the treasury and federal farm loan board, duties of the farm loan commissioner, and roles of banks, joint stock banks, and farm loan associations. Includes loan limits, interest caps, amortization, collateral, agent rules, taxation, and reserve/dividend provisions.
MENTIONED IN THIS ARTICLE
United States
Alaska
United States Treasury Department
Federal Farm Loan Board
Secretary of the Treasury
Land Bank
Federal Land Bank
Joint Stock Land Bank
Federal Land Banks
Joint Stock Land Banks
National Farm Loan Associations
Joint Estack Land Banks
Farm Loan Commissioner
Federal Reserve System
Federal Farm Loan Bank Powers and Capital Provisions
Provisions outline structure for land bank districts with officers and six farm loan association representatives, plus public representatives. Capital stock at five dollars per share, total $750,000, with US government participation in dividends and gradual stock retirement. Sections cover ownership, government bond investments, loans, bond issues, deposits, interest, and real property handling.
National Farm Loan Associations Provisions Publicized
Section details outline formation rules for farm loan associations with ten owners and loans totaling at least twenty thousand dollars. The group is run by eight directors including a president and vice president, a three member loan committee, and a salaried secretary treasurer. Shares cost eight five dollars each with double liability. eligibility requires borrowers to subscribe a portion of their loan as specified.
MENTIONED IN THIS ARTICLE
Land Bank
Farm Loank Associations
Farm Loan Board
Ite
Ave
Association
Private Farm Loan Bank Powers and Limits Outlined
The act details Joint Stock Land Banks with ten or more founders, five or more directors, and a principal office location. It sets a $250,000 minimum capital, semiannual examinations by federal and bank examiners, and the ability to issue farm loan bonds up to 15 times capital and surplus. Banks may lend varying amounts with collateral limits and operate within state borders.
MENTIONED IN THIS ARTICLE
United States
Land Bank
Bank of Issue
Farm Loan Board
Federal Land Banks
Federal Land Bank
First National Farm Loan Association
National Farm Loan Associations
Federal
Bank Examiner
Mirrors Show Thinner and Fatter Figures in Shop
A clothing dealer fitted two full length mirrors one concave and one convex to suit customers. Stout patrons see a slimmer image in the concave mirror while thin shoppers view a broader silhouette in the convex mirror, as highlighted by Popular Mechanics.
MENTIONED IN THIS ARTICLE
Popular Mechanics Magazine
The Three Philosophers in a Motor Car
A humorous anecdote from Life recounts three philosophers taking a car ride. After the vehicle breaks down they each express a different philosophical aim from observation to sustenance and even comfort provided by a friend without moving.
Food Commissioner Barneys License Clause Cut Prosecutions
Iowa food and dairy head W B Barney tells Detroit meeting that State license provisions reduced prosecutions by over 100 percent and boosted revenue from 9500 to 58000 annually. He notes licenses deter dishonest dealers and that revocation acts as a strong enforcement tool despite keeping fees modest.
MENTIONED IN THIS ARTICLE
Yes Moines
Food and Dairy Department
W. B. Barney
National Association of Dairy, Food and Drug Officials
Detroit
Barney
Autos Are on the Increase in Iowa Statewide Registration
Iowa reports 176 977 automobiles registered, averaging one car per 13 people. Polk county up 1 502 to 7 052. Pocahontas leads gains with 1 955 cars. Total state investment estimated at 176 977 000 dollars. Calhoun Hardin Guthrie show high per person ownership.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
State Registration Department
Calhoun
Hardin
Guthrie
Polk
Scott
Woodbury
Linn
Pocahontas County
Union
Cow Test at State Fair Promotes Dairy Profitability
A cow test at the state fair aims to help farmers identify unprofitable dairy cows. The Iowa State Dairy Association leads the exhibit with participation from dairy officials and instructors from Iowa State College to illustrate the value of individual cow testing.
MENTIONED IN THIS ARTICLE
Ames
Iowa State Dairy Association
Iowa State College
Corn Crop Safe Across Western Iowa Says Banker
A banker touring western Iowa reports the corn crop will be very good even without more rain. Only Sac and Ida counties show some injury in the popcorn district while areas around Harlan and Odebolt are expected to yield immense crops.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Sac
Ida
Harlan
Odebolt
Plague Cases Rise in Mason City
Mason City officials report five more cases of infantile paralysis to the state health board, bringing the city total to thirteen cases with several recoveries. The state's total reaches forty five cases to date.
MENTIONED IN THIS ARTICLE
Mason City
State Board of Health
Three Drown in Iowa River Near Tama
Edward Donnan aged 30 Gordon Donnan aged 22 and Will Watson aged 27 all of Ewart died while swimming in the Iowa river near Tama. The drowning occurred in the late afternoon and authorities are investigating.
MENTIONED IN THIS ARTICLE
Tama
Edward Donnan
Gordon Donnan
Will Watson
Ewart
Lowa
Agent Confesses Theft in Iowa City Case
E. B. Suttlea, agent for the Muscatine and Iowa City interurban railroad, confessed to taking 115 dollars he had reported as stolen from the company during his absence, according to police in Iowa City.
MENTIONED IN THIS ARTICLE
Iowa City
E. 8
Suttlea
Muscatine & Tews City
Denison woman credits Lydia Pinkham remedy for relief
Mrs G O Lowery of Denison Texas writes that after years of severe female trouble and near collapse she used Lydia E Pinkham's Vegetable Compound. She notes quick improvement after three doses and says doctors could not help, urging others to start treatment. The message ends with a promotional line about the product.
MENTIONED IN THIS ARTICLE
Denison
Texas
Lydia E. Pinkham
G. O. Lowery
Monterey Street
Lydia EB. Pinkham
Mark
Cuticura Ointment Hand Care Ad With Soothing Soaks
Red rough and sore hands find relief with Cuticura Ointment and Cuticura Soap suds. Soak in hot soapy lather then dry and apply ointment for a one night treatment. Free sample by mail with postcard address Cuticura Dept. 11 Boston, sold everywhere.
MENTIONED IN THIS ARTICLE
Mal
Cuticura
Dept. Ll
Boston
Russia's Natural Roads and the Roadless Land
A condensed profile notes Russia's seasonal thaw allows natural snow roads five to six months a year. Sledge runners replace wheels, making land transport cheaper and nearly as affordable as water freight. The piece argues this explains Russia remaining roadless into the twentieth century.
MENTIONED IN THIS ARTICLE
Russia
Ronda
Greenhorn Servant Analogy Cited by Gen Wood in Washington
General Leonard Wood in Washington compared military recruits eager to appear up to date with the latest science to a green horn servant who overpromises. He recounted a mistress asking a servant to fill lamps and the servant offering gas or electricity, illustrating overconfidence and misapplied expertise.
MENTIONED IN THIS ARTICLE
Leonard Wood
Washington
Greenhorn
Jane
Also Mentioned on This Page
H. M. Hanson
Farm Mortgage Bankers’ Association of America
Federal Farm Loan Act
House of Representatives
United States Senate
Federal Reserve Bank
Federal Reserve Banks
Federal Farm Loan Banks
Capital Stock
Capital &Tock
Stout and Thin
Omer Scudder
Columbus
Bassett Building
Scudder
Indianapolis News
National Ass
Pocahontas
Lydia
Pickham
Uruguay
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