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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 10, 1913
Page
2
A distressed parent recalls drought strain and a settled life near relatives. She describes securing clothing for Albert Louis and Ridlin, and a small boy, while fearing for the children who vanished after school. She suspects Mr Nicholson plotted to abduct the kids to extort property.
Italian commission begins inquiry into cooperative banking practices. Florence reports show agricultural cooperation mainly in machinery buying clubs financed by merchants and landowners who control credit, with farmers relying on these shares and supply networks for seeds and equipment.
A portion of Italian savings banks can invest up to 30 percent of deposits in mortgages. Mortgages fall into two terms, short up to ten years repaid at once, and long ten to thirty years amortized with small yearly payments. Banks may charge borrowers 0.5 percent above deposits, typically 3 to 4 percent. Loans cover up to 50 percent of land value, with second or third liens allowed up to 50 percent if total indebtedness stays within that limit.
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