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Newspaper
Big Piney Examiner
Location
Big Piney, Wyoming, United States of America
Date
Aug 17, 1916
Page
7
The document explains the 12 land bank districts in the continental U S operated as a treasury bureau overseen by the federal farm loan board. Key provisions cover board structure, loan approval, mortgage security, agent roles, deposits, taxation, and bond rules. It details loan purposes, limits, amortization, prepayments, and regulatory safeguards.
Provisions outline structure for land bank districts with branch allowances, officers, and representatives. Details include salaries fixed by the farm loan board, semiannual examinations, capital stock rules, eligibility for ownership, dividend rules, and US government participation. Insurance, property powers, debt handling, and appraisal duties are described with emphasis on governance and financial operations.
Section 7 outlines that ten farm owners seeking loans totaling $20,000 or more may form such an association. It is run by five directors including president and vice president, a loan committee of three unpaid members, and a secretary treasurer paid by the association with salary set by the farm loan board. Shares are five dollars each, with nine carrying double lability. ownership is limited to borrowers who must subscribe six percent of their loan.
The section outlines private joint stock land banks with ten or more founders and a five member board. They may operate within the state of principal office and in an adjoining state. Banks face semiannual federal examinations and have a 250000 minimum capital with double liability for shareholders. The U S government may not own shares and farm loan bonds require full capital payment before issue. Loans up to 60 percent of land value and 20 percent of permanent improvements are allowed, with bonds up to 15 times capital and surplus.
A dealer installed two full length mirrors one concave and one convex to suit customers. Stout shoppers saw a slimmer figure in the concave mirror while thin customers viewed a larger silhouette in the convex mirror, promoting self inspection.
Omer Scudder a Columbus real estate and insurance agent told fellow Bassett building business men he was hot. They pooled 60 cents for a half gallon of ice cream planning to share a quart. Scudder finished the half gallon, smacked his lips, and asked for enough ice cream for a real taste while the others returned to work.
A trio of philosophers travel by motor car, discuss nature and sustenance after their vehicle fails. The first seeks natural study, the second notes a farmhouse for food, and the third longs for a stationary life with sustenance brought to him while friends talk of nature.
A New York World correspondent notes Chairman Willcox warns that present prosperity is temporary to scare voters toward the Republican ticket. The piece traces past booms and busts from 1860s onward, criticizing such claims as history’s pattern and linking them to Democratic leadership.
The piece argues that President Wilson inherits Republican extravagance and inefficiency in tariff, currency, and defense fields and cannot quickly undo half a century of waste. It claims Republican critics block prudent thrift and restore the missteps that brought economic trouble.
Gen Percy Haley of Frankfort, a Democrat and former political lieutenant of John Mayo, says Kentucky will be Democratic this fall. He notes Kentucky is a close state and recalls last year’s narrow governor’s race, arguing Republicans won’t match their prior national votes. He cites the president’s popularity in Kentucky.
J Bruce Kremer of Montana argues from Washington that the northwest now tilts toward the Democrats. He cites Montana stock, ranching, mining profits and wage gains, plus Democratic governors in Wyoming Idaho Washington and a Democratic senator in North Dakota as indicators of a regional shift this fall.
Opinion notes Taft ordered 20,000 troops to the Mexican border on March 6, 1901, two years before Wilson’s term, and argues such a display proved decisive while criticizing “epicene diplomacy.” The piece contrasts earlier Republican firmness with contemporary strategy.
A critical view argues the 1908 Republican Congress did not serve the popular interest. It charged that Wall Street, wool, steel, coal interests and other few masters guided legislation, impeding reform and failing to satisfy allies or foes.
The article argues that democracy will prevail in November as prosperity spreads. Merchants grow cautious then shift to wholesalers with orders as autumn nears and politics gain attention. A close fight is predicted, with last week of October outlook shaping the outcome.
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