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Newspaper
Darlington Herald
Location
Darlington, Indiana, United States of America
Date
Dec 12, 1919
Page
10
The act sustains the constitutionality of the law that does for agriculture what the National Banks and Federal Reserve Act do for commerce and industry. It parallels banking safeguards, aiming to support farmers through accessible credit and steady finance, aligning agriculture with broader financial policy.
Federal farm credit system emerged to aid farmers with low interest, long term loans. Federal land banks provide funds for small borrowers while joint stock banks serve larger farmers under government supervision. Tax exemptions for farm loan bonds were essential to their viability and competition with municipal bonds.
Former Secretary of the Treasury William G. McAdoo told a United States court in Kansas City how the federal farm loan act arose from a nationwide need. He described congress’s aims to provide ample money for farmers, low interest, and long easy terms, and explained the roles of federal land banks and joint stock land banks in enabling credit for small borrowers.
Walter Fellow of Elwood Indiana a tin plate worker at 2717 North O Street reports strong relief from stomach and liver trouble gas belching and left side pains after taking Trutona He says influenza left him run down and Trutona built up his system The drug is promoted as a tonic and purifier with many Hoosier testimonials and is being introduced at The Corner Drug Store in Darlington.
Darlington Herald offers to handle all legal notices for estates quiet titles and road petitions asserting community service and equal rates with county seat papers. Also includes small ads about wanted rabbits at Saidla's found cover for a Ford top and trucking services offered by A L Gard with phone contact.
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