Federal Land Bank System details in 1916 act
A dense summary of the Federal Farm Loan Act provisions from 1916 outlining the twelve district land banks, governance by the federal farm loan board, roles of the treasury secretary and officials, loan limits and purposes, interest rules, collateral and securities, agent duties, stock and dividend rules, tax exemptions, and bank powers including deposits and investments. The document covers chartering, supervision, capitalization, loan terms, and administrative frameworks for operating federal and joint stock land banks.
Federal Farm Loan Banks Structure and Stock Rules
Federal Farm Loan Banks outline district branches with officers and six farm loan association representatives. Capital stock set at 750000 dollars with five dollar shares, US government and borrowers as stockholders, US not sharing dividends, and gradual retirement of initial stock. Banks may receive deposits, lend on securities, and handle mortgages within districts under semiannual exams.
Formation rules for National Farm Loan Associations
The text outlines Section 7 authorizing ten farm owners seeking loans totaling $20 000 or more to form such an association. It states five directors including a president and vice president, a three member loan committee, and a secretary treasurer with a salary set by the farm loan board. Sec 8 covers shares at five dollars each, double liability, and eligibility limited to borrowers required to subscribe five percent of their loan to the association.
MENTIONED IN THIS ARTICLE
Land Bank
Farm Loan Associations
Farm Loan Board
Land Bank Examiner
Association
Land Banks Provisions Outline Private Cooperative Powers
The act details a private land bank formed by ten or more with a five member board, operating within its state and a contiguous one. It requires semiannual federal examiner reviews, a $250,000 minimum capital, and double liability for shareholders. The US government may not own shares. It can lend on farm mortgages and issue farm loan bonds up to 15 times capital plus surplus, with limits per borrower tied to land value.
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
Farm Loan Commissioner
Bank of Issue
Farm Loan Board
Federal Reserve Bank
Federal Land
First National Farm Loan Association
National
Federal Reserve Banks
Federal Land Bank Examiner
Mirrors Show Suit Fit For Every Figure In Shop
A clothing dealer installed two full length mirrors, one concave and one convex, to help customers judge fit. Stout shoppers saw a reduced figure in the concave mirror while thin customers saw the opposite in the convex mirror, Popular Mechanics notes.
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 all the ice cream offered. His colleagues, all hot with him, raised 60 cents to buy a half gallon. Scudder finished the half gallon in front of them and teased for more as the men, amused and meek, returned to work.
MENTIONED IN THIS ARTICLE
Omer Scudder
Columbus
Bassett Building
Scudder
Indianapolis News
Three Philosophers Take A Rural Car Ride Misadventure
Three genuine philosophers ride out in a motor car. After about twenty miles the car breaks down. Guid the first speaks of studying nature and a unique prospect. The second notes a nearby famehouse with ample food. The third jokes about finding a favorable situation amidst the breakdown.
MENTIONED IN THIS ARTICLE
Guid
Spee Pei
Call for Decision Time in a Christian Duty Sermon
The piece contrasts Tomorrow with Today urging immediate action in faith and service. It cites scripture and quotes from Emily Dickinson on immortality, urging readers to prepare for judgment, fulfill the Great Commission, and avoid delay in doing good.
MENTIONED IN THIS ARTICLE
Pharaoh
Paul
Christ
Hugh Black
Emily Dickinson
Gilead
God
Vanity Fair
Jesus
Manitoba dairy industry shows 1915 gains across butter cheese and milk
A Manitoba department bulletin reports a 1915 dairy year with butter production rising by over 1,000,000 lb to 4,150,444 lb and total dairy value topping 2.9 million dollars. Cheese output reached 726,725 lb and milk and cream values added further gains, with fodder crops like corn timothy and alfalfa expanding alongside cattle numbers.
MENTIONED IN THIS ARTICLE
Manitoba Department of Ture
Red Deer' i
Calgary
Cardston
Alberta
Creamery
Canada
Portrait Price Sparks Dispute Over Time and Cost
A dialogue between a patron and an artist reveals tension over value. The patron, the Honaire, notes the portrait costs about ten dollars while the artist demands a thousand dollars, citing the time spent posing as justification.
MENTIONED IN THIS ARTICLE
Honaire
Cure for rough hands with Cuticura soap and soak
Red sore hands find relief with Cuticura Soap and Cuticura Soak. Wash in hot soapy suds then dry and apply Cuticura Ointment. A free sample is offered by mail with a book. Send a postcard to Cuticura, Dept. By Boston. Sold everywhere.
MENTIONED IN THIS ARTICLE
Cuticura
Dept
Boston
Vegetarian pupil teacher hosts class on discipline
A senior pupil teacher, noted for dilatory habits, led a classroom session titled Boys. He described himself as a total abstainer and a vegetarian and asked students to define a real show. The fragment ends with a garbled prompt asking about a rare real show.
A Feminine Egotist
A garbled quotation describes a poor but proud man claiming a fortune teller spoke of future fame. The fragment hints at personal vanity and misheard advice, leaving the exact context unclear.
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 System
Federal Farm Loan Banks
Aan St
Capital Stock
Stout and Thin
Heaven
Earth
Western
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