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Newspaper
Mills County Tribune
Location
Glenwood, Iowa, United States of America
Date
Dec 18, 1919
Page
8
Wadoo argues the farm loan act supports agriculture as the national banks and the federal reserve act support commerce and industry. The measure is defended as sustaining the constitutionality of the law within the financial system.
A historical summary explains the rural credits system and farm loan structure. Federal land banks provide low interest, long term credit to small borrowers, while joint stock banks serve larger farmers. Banks are government supervised, privately owned, and tax exempt to attract investors, ensuring farmers access to funds.
Former Secretary William McAdoo described the act as meeting a national need by expanding credit for agriculture, lowering interest and extending long terms. He explained creation of federal land banks and joint stock banks to aid small borrowers and prevent concentration of funds, noting tax exemptions for bank bonds.
Christmas season services fill church calendars with union events and cantatas. The Congregational, Baptist, and Christian Bible churches announce Sunday school, morning worship, and evening union services led by Rev. D S Thompson and others, plus Christmas Eve programs and a sermon on No Room in the Inn.
Advice on reading newspaper ads to save money and time. Encourages consistent attention to bargains and quality, noting merchants promise satisfaction and value when customers know exactly what they want and seek reliable offers.
A shopper is urged to use advertisements to compare stores, save time and money, and ensure satisfactory service and quality goods with every purchase. The piece promotes patronizing the most responsive merchants.
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