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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Dec 04, 1959
Page
8
A Denton Journal letter argues that rural electric cooperatives emerged from government loan programs with two percent financing and thirty five year terms. It warns raising interest would raise rural power costs and threaten the cooperative model, urging fair rates and continued nonprofit service.
A letter from Harry E H Nuttle secretary treasurer argues that higher interest on RICA loans will not spare the program from criticism. He warns that if interest dates fail to align, another issue will arise and signs off sincerely.
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