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This newspaper page contains 28 articles. Subscribers can read the full text of each article.
Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Aug 18, 1916
Page
2
Summary of the 1916 act outlining a twelve district federal land bank system. It details board structure, duties, loan approval, appraisal and banking powers, agent roles, securities, taxation, deposit rules, amortization, reserve and dividend policies, and the authority to issue and dissolve institutions under federal oversight. The document emphasizes government supervision, financing, and protective measures for mortgage holders.
Describes Section 4 5 6 13 15 18 of the act detailing district branches officers and directors six farm loan association representatives three public representatives and staff. Outlines capital stock five dollar shares government participation dividends bond issuance land appraisal and fees cash payments for legal costs and title examinations.
Section 7 allows ten farm owners seeking loans totaling $20 000 or more to form such an association. It is governed by five directors including president and vice president and a three member loan committee serving without pay, and by a secretary treasurer with salary set by the farm loan board. Shares cost $5 each and carry double liability, with ownership limited to borrowers required to subscribe 5 percent of their loan.
The document outlines stock ownership with Federal Land Bank ties, loan limits 10 000 max and 50 percent land value cap, repayment terms 5 to 40 years, interest not over 6 percent, and duties of loan approval, appraisal, and mortgage handling. It covers deposits, commissions, reserves, dividends, and tax treatments for joint stock land banks and their bonds.
Section 16 sets forth formation by ten or more persons with a five member board and a $250 000 minimum capital. It permits operation within the principal state and one continuous state. Section 28 requires semiannual examinations by federal land bank examiner. The act limits stock ownership by the United States government none, requires paid capital before farm loan bonds, allows start with half paid, and grants powers to lend on mortgage security and issue farm loan bonds up to 15 times capital and surplus. Loans may exceed 10 000 to a single borrower up to 40 percent of land value, with other federal land bank restrictions applying.
A clothing dealer installed two full length mirrors, one slightly concave and one slightly convex, to show stout customers their figures as they would appear with reduced measurements and to reveal thinner customers’ silhouettes, guiding fittings and self inspection per Popular Mechanics.
A group of Columbus real estate and insurance brokers in the Bassett building joked about cooling off with ice cream. Omer Scudder led the scheme and the others pooled 60 cents to buy a half gallon. Scudder finished the treat and teased they would share a quart, leaving the rest unsold as they resumed work.
Three genuine philosophers ride a car that breaks down after twenty miles. The first seeks a prospect of nature, the second spots a farmhouse for food, and the third desires a stationary situation to receive sustenance while another discusses nature.
Washington report warns farmers face multi million dollar losses as crop prospects fall in most major crops. Wheat down 106 million bushels, corn 89 million, oats 48 million, barley 11 million with declines in rye potatoes flax apples and peaches. Corn conditions vary by region amid drought and rain shortages.
In Detroit Charles E Hughes denounces the administration on foreign policy Mexican policy and civil service purges during his transcontinental trip. He accuses the president of avoiding war while noting the Vera Cruz seizure as a war framed by the bodies of fallen soldiers.
Congress clears the army bill after a conferee adjustment reduce about 46 million from the total while preserving an overall increase. The measure now totals 267,597,000 dollars, well above the house initial funding and marks another step in the national defense buildup.
A New York circular from a dye importing firm quotes prices for dyestuffs landed in the United States aboard the German submarine Deutschland. Some rare colors are priced at 70 dollars a pound, representing items not yet manufactured domestically.
In the July boll weevil campaign Nacogdoches county farmers delivered and burned 10 million punctured cotton squares. Businessmen of Nacogdoches awarded weekly prizes from 1 to 5 dollars totaling 400 dollars, with grand prize of 25 dollars for the month won by J. Whitaker for over 500,000 punctured squares.
A Wednesday cloudburst devastates the Cabin Creek and Coal River valleys causing estimated deaths from 11 to 150 and property losses at least 1 million dollars across the district.
The Cameron Compress Company sent a cotton bale to the German submarine Deutschland and received a note acknowledging receipt and promising to notify the sender of its safe arrival in Germany.
Baylor County Sheriff W L Ellis was shot and killed by prisoner Stephen Brown who was captured by a posse near Seymour Texas. Brown, a black inmate, was killed in the confrontation.
Years of medical use marked Dr. Kilmer’s Swamp Root as a strengthening medicine for kidneys liver and bladder. It is sold by druggists on its merit and urged for treatment. Send ten cents for a sample bottle to Dr Kilmer Co. Binghamton NY.
A circus visits town as Bunko Pete operates a three-shell game on a busy corner. A passing officer scolds him for running a game of chance on a public thoroughfare. Bunko Pete retorts that the friend has no chance.
Advert says Tetterine cures ground itch eczema and other skin diseases including erysipelas and dandruff. Mrs. Thomas Thompson of Clarksville Ga reports 16 years of torment ended by Tetterine after doctors failed. Thousands testify to similar relief. Available at druggists or by mail from J. T. Shuptrine Savannah Ga.
Neighbor Yaw boasts an invention that attaches to a chicken’s leg and projects a prod to deter scratching. It allegedly propels the bird forward when it scratches, clearing the garden after a few nudges. Gaunt Grimm vows swift action if birds trespass again, threatening to confront Yaw.
An advertisement claims an inactive liver causes most ills and promotes Bond’s Liver Pill. It urges taking one pill at bedtime for a morning cure and notes the pills cost 25 cents at all druggists.
Mrs Styles explains she plans to buy an automobile to provoke her husband, who she calls a perfect creature. The comic exchange ends with the notion that an car could cause him to lose his temper occasionally.
Dr. B. F. Jackson offers a famed remedy for female troubles now sold as Femenina. Available in two sizes priced at 50 cents and one dollar.
Charles I F Murphy recalls a street musician playing Christians Awake on a snowy Christmas day. He notes the musician’s optimistic view despite shabby clothes and a drifting snowstorm, finding cheer in his bravery and humor.
An old advertisement promotes Capadine as a liquid remedy for headaches back and limb aches. It emphasizes ease of use and natural alignment, urging readers to try the product to be convinced of its effectiveness.
A multimillionaire negotiates with an artist over a portrait. The patron values time spent posing, claiming a high cost, while the artist points to a far lower price. The exchange highlights tensions between perceived value and actual fees.
An advertisement touts Plantations Chill Tonic as guaranteed to work within seven days. The dealer offers a full refund if it fails after a proper trial and a price of 50 cents.
A dialogue line features Plodding Pete replying that he is enlisting both as a soldier and as a figure seeking sympathy for his large and unsatisfied appetite, framing a humorous exchange about enlistment.
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