Federal Farm Loan Act Creates Bank System Nationwide
The act establishes a federal land bank network in 12 districts across the continental US, supervised by the federal farm loan board. It sets salaries, loan powers, and investment rules, enabling farms to obtain land, equipment, and improvements with fixed terms and collateral.
Provisions for Federal Farm Loan Banks and Share Structure
Outlines authority and structure for Federal Farm Loan Banks within land bank districts. Details include officers and representatives, capitalization at 750000 dollars, stock at five dollars a share, U S government participation limits, dividend sharing rules, bond issuance, mortgage handling, asset acquisitions, security deposits, borrowing, land appraisal, and fees payable in cash.
National Farm Loan Associations section text
The document describes formation by ten farm owners for loans totaling $20,000 or more. It outlines governance by five directors including a president and vice president, a three member loan committee, and a salaried secretary treasurer. It notes shares at $5 each with double liability and borrower-required subscription of 5 percent of their loan.
MENTIONED IN THIS ARTICLE
Farm Loan Board
Association
Joint Stock Land Banks Provisions Summary
A private corporation may form with ten or more people and a five member board. It may operate in the principal state and one contiguous state. Semiannual federal examinations apply. Capital stock minimum is $250,000 with double liability for shares. The US government owns none of the shares. Farm loan bonds require full capital payment before issue, though business may start with half paid. Loans on farm mortgage security and bonds up to 15 times capital, under federal land bank constraints. It can lend over $10,000 to a borrower up to 50 percent of land value. Loans not restricted to...
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
Federal
Farm Loan Associations
Farm Loan Commissioner
Federal Reserve System
Farm Loan Board
Federal Reserve Bank
Indorse
First National Farm Loan Association
Federal Reserve Banks
Federal Land Bank Examiner
Mirrors Show Figures at Store in Popular Mechanics
A clothing dealer installed two full length mirrors one concave and one convex to flatter different body types. Stout customers see a compressed silhouette in the concave mirror while thin customers view a broadened figure in the convex mirror, as described by Popular Mechanics.
MENTIONED IN THIS ARTICLE
Popular Mechanics Magazine
Ice Cream Challenge Among Columbus Businessmen
Omer Scudder a Columbus real estate and insurance agent boasted he could eat ice cream. He and nearby businessmen bought 60 cents worth for a half gallon. Scudder devoured the half gallon and asked for more as the men watched in disbelief.
MENTIONED IN THIS ARTICLE
Omer Scudder
Columbus
Bassett Building
Scudder
Indianapolis News
The Three Philosophers Ride in a Broken Car
A joke about three philosophers who ride a car that breaks down in the country. The first seeks a new prospect to admire, the second notes a farmhouse with food nearby, and the third wishes to be in a place where sustenance comes to him without moving while a friend discusses nature.
Submerged insult turns on bank signature cases
A irate reader complains after five minutes on a phone line and hints at suspicions about a man whose signature on a bank check may reveal a secret. The exchange hints at trust and motive in a revenge scenario.
Auto Bizness Buys Into Pennywise Promise
In a Louisville Courier Journal note, Uncle Pennywise jokes that the auto trade is thriving with everyone saving to afford a new machine. The playful editorial hints at broad consumer optimism about cars and commerce.
MENTIONED IN THIS ARTICLE
Pennywise
Louisville Courier- Journal
Market Question Sparks Debate Over Airships or Submarines
A munitions speculator dismisses airship plans in a market exchange, declaring he favors submarines and rejecting any flyer proposals. The brief remark highlights wartime industrial strategy tensions and alternative weapon priorities.
Big Guns Absolete Aerial Torpedo System From Colorado
A self controlled aerial torpedo mounted under a small airplane could revolutionize warfare by delivering a large explosive torpedo to a pre selected target within a set radius. The design includes an 12 foot torpedo body with front propulsion and a rear 18 horsepower motor guided by a gyroscope and timing release system.
MENTIONED IN THIS ARTICLE
Colorado
Popular Mechanics Magazine
United States Navy
Penzance Turtle Likely Loggerhead From Mediterranean Shores
The London Chronicle notes a massive turtle near Penzance cannot be the green turtle or hawksbill, both tropical and smaller. The Sicily‑caught specimen is a loggerhead turtle, common in the Mediterranean and occasionally visiting southern coasts. The loggerhead, the only carnivorous turtle, differs by head shape and shell plates and is sometimes mistaken for the edible green variety with deadly results.
MENTIONED IN THIS ARTICLE
Penzance
Hinseck
Sicily
Mediterranean
London Chronicle
Flubdube Weds Society Butterfly
Unclear garbled notes hint at a social wedding involving a person named Flubdube and a society butterfly. The text suggests commentary on lifestyle after marriage with phrases about wining and dining and reluctance to go out.
Porto Rico Reports Most Profitable Tourist Season
Porto Rico records the most profitable tourist season to date, signaling a surge in travel demand. Local hotels and attractions report strong occupancy and rising revenue, reflecting a robust hospitality sector and increased visitor spending.
MENTIONED IN THIS ARTICLE
Porto Rico
Man injured in egg wagon crash on Moyamensing Avenue
Anthony Capolo thirty six of 904 Pearce street was covered in eggs and taken to Methodist Hospital after a trolley struck a wagon carrying ten crates of eggs on Moyamensing Avenue. Capolo suffered lacerations and contusions while driver John Downey of Chester failed to see the trolley and crossed the tracks.
MENTIONED IN THIS ARTICLE
Anthony Capolo
Pearce Street
Methodist Hospital
Capolo
Moyamensing Avenue
John Downey
Chester
Philadelphia Record
Phrase on appearances and truth in women and cigars
A pointed maxim contrasts judging women and cigars by wrappers with the idea that truth dies in deception when falsehood is left undisturbed. The terse line hints at moral skepticism and the power of restraint to expose pretense.
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 Farm Loan Banks
Land Bank Examiner
Capital Stock
Stout and Thin
Castoria
Chas. H. Fletcher
Qssen
16Th St
Denver, Colorado
Primcomuzion
Harold Somers
DeKalb Ave
Brooklyn
Watson E. Coleman
Washington, D.C
Callahan Novelty Co
Stout St
Denver
MURRAY @ LANMAN’S
Florida
Beaty
Health
Lanman & Kemp
Water St
New York
NEW Home Sewing Machine CO
Orange
Lydia E. Pinkham
Parker