New Emergency Farm Mortgage Act Explained
A statement from Charles S. Jackson outlines provisions of the act. For five years starting July 11 the Federal Land Bank borrowers will see interest reduced to 4 1 2 percent, with automatic application. New loans through optional farm loan associations will be written at 4 1 2 percent, these reductions lasting until July 1839. Loans not through associations may be higher by half a percent, while joining an association later could cut a half percent. Borrowers must buy stock equal to 5 percent of their loan. Delinquent borrowers may skip principal payments through July 12, 1998 if interest, taxes and other charges are current. The bank can issue up to 3 billion in bonds at up to 4 percent guaranteed by the United States, exchangeable for qualifying farm mortgages. Mortgages exchanged must meet limits tied to unpaid principal and appraised land value, with appraisals matching bank standards. Mortgages acquired by the bank will carry reduced interest and allow interest-only payments for six years.
MENTIONED IN THIS ARTICLE
Lawrence County
W. W. Stevenson
National Farm Loan Association
Charles S. Jackson
Federal Land Bank of Baltimore
Tand Bank
United States
Banka
National Farm Loan
Welsh community concert and local notices delight Brython group
William A Johns reports a Welsh city gathering at Emmanuel Baptist church featuring Annie and Gladys Thomas with the Ma honingtown orchestra and singers Mrs Ryan Lewis Mrs Richard Morris and Mr Ward. The Star of Wales lodge held a meeting for David Mort. Morgan Llewellyn and family visited from Huntington California. William Bear of Cincinnati to visit next week. Prison record notes William H Jackson, Negro, died in death house after murder conviction with no visitors.
MENTIONED IN THIS ARTICLE
William A, Johns
Brython
Emmanuel Baptist Church
Annie
Gladys Thomas
Delaware
Mahoningtown
Ryan Lewis
Richard ‘I’. Morris
Ward
Frances Cope
Annie Thomas
Rimo
Star of Wales Loco No. 60 True Ivorries of
America
David Mort
Wilmington Avenue
David J. Clement
Griffith Philips
Thomas Gray
Harry Davies
Llewellyn Thomas
Thomas D
Thomna
Daniel Hughes
Evan Hopkins
Sheridan Avenue
Lst
Morgan Llewellyn
Huntington
California
Mr. Llewellyn
East
Reynolds Street
Lewis Lewis
Willam Phillips
East Reynolds Street
Frank Paumpa
Butler
Rees T. Williams
First Congregational Church
South Mercer Streat
Welsman
Wiliam Bear
Cincinnati
Will Ylalt
Ol¢Rland
Congregational Church
Clutorakie
Sing Sing
N, Y
Prank Klingensmith
Mercer-Sheron Road
Walter Hlinefelter
C.’Hoovler
Bronklin
Jack Sperker
Paul’ Thompson
Mercer Hospital
Grove City
William Cooper
Millvale
Barry Lincoln
Spring
Millburn Social Roundup and Visitors Reach Far
A long list of visitors and locals fills the Millburn notes. George Milan visited the Pyma tuming dam last week while Leona Jordan remains homebound by fatigue. Several families from Greenville Irwin Slippery Rock and Grove City hosted or visited kin, including the Lukacs, Blake, Drake, and Patterson households. A Ladies Mission class, Bible group hosts, and a large church gathering are mentioned alongside seasonal picnics and hospital recovery news.
MENTIONED IN THIS ARTICLE
George Milan
Pymatuming
Leona Jordan
George Barber
Greenville
Archie
A. P. Kunkle
Irwin
H. L. Patterson
J. Drake
Will Drake
Stitt
Slippery Rock
Wiliam Oshorme
Windsor
Canada
J. C. Drake
Donald Hollidays
Maryland
Boy’ Scouts
Parkers Landing
Evelyn Hummel
Grove City
Cecil Bell
Anandale
William Blake
Minnie White
George McDonald
Sheffield
Roy Holden
Charles Blumenstine
Ladies'’Mission
Blacktown
Lutheran
Shirch
Harry Blake
Yammy
Pittsburgh
Stephen Lukacs
John Lukacs
Utah Sells Colleges for One Dollar Each
International News Service reports Utah acquired Weber Ogden and Dixie colleges from the Mormon Church for one dollar each. The sale includes church maintenance payments and Washington County support of Dixie College, with the church continuing to contribute $7,500 toward maintenance.
MENTIONED IN THIS ARTICLE
Internationa
Salt Lake-City
Hine
Utah
Weber
Ogden
Dixie
St. George
Latter Day Saints
Mormon
Cchurch
Dixie College
Church
Washington County
Railroader Sees 44 Years on the Job in Iron Mountain
Iron Mountain Michigan Morris Connery aged 72 completed 44 years of continuous railroad service. Six years were with the Milwaukee Northern and 49 years with C M & Pines after it took over the Milwaukee Northern.
MENTIONED IN THIS ARTICLE
Iron Mountain
Mich
Morris Connery
Milwaukee Northern Company
P. & Pines
Milwaukee Northern
Plenty Of Eats For Forest Army Depot Opens
Harrisburg June 20 The Marsh Run depot reopens as a supply base for 106 CCC forestry camps. Non perishable food and staples will be distributed under Capt James D Firestone from the Pittsburgh organized reserve corps. The New Noteburnind subsistence depot occupies 25,000 square feet of the 45 acre facility. Labor will be provided by a newly arrived contin- uent.
MENTIONED IN THIS ARTICLE
International News Service
Harrisburg
Marsh Run
Civilian Conservation Corps
James d. Firestone
Organized Reserve Corps Service
Pittsburgh
Army to move 42 Negro soldiers from Fort Boyle Md
Under tentative plans supplies from the regular army will be transported by train to Marsh Run and then distributed by motor truck to camps within a 120 mile radius. The territory covers most of Pennsylvania and parts of Maryland and the third corps line will begin sabouk in July.
MENTIONED IN THIS ARTICLE
Fort Boyle
Marsh Run
Fennsylvania
Msrvlnod
Corfe
Department Hunting Revenue Slackers
Harrisburg June 30 Agents of the Department of Revenue have begun a combing process to locate merchants delinquent in paying a one per cent emergency sales tax. The effort has netted $2,225,819 from the tax and $7a was projected to bring in $12,000,000 in revenue over six months.
MENTIONED IN THIS ARTICLE
Harrisburg
Department of Revenue
Weekend dash to Gulf station sparks longest rush
A promotional push headlines a busy weekend with drivers flooding toward a Gulf station. The scene centers on enthusiastic travelers and a sense of urgent, limited-time offer driving high traffic Friday into Sunday.
Also Mentioned on This Page
Brython Johns
Millburn
Charles Bougher
Jackson
Avi ‘Burgh
M Brorr
Daughe
Ter’ Mildred
John .Orr
Orr
H.R. Patterson
Maria Robinson
U.P
the Retiter
J. Charles Paul
James -Mee~ Guffin
Ladies’ Friendship Club
Kate Metzgar
Clara
Louise’ Christley
Laura Wayne
James Patterson
Harold Frisk
Olive Blake
Monterose
Colorado
Clyde “Heastey
Meadville- Spenc
Drake
McConnell
Actompan
Meadville
Q. Rubsesh
V. Fioln
C.’ Baum
Joe
Rubash Jr
M.mackell
McKeesport
J. Love
Muan
Great-Edeburn
Charles Edeburn
West Middlesex
Duncan
Mercer
Amos Weaver
J.J. Mayne
Joshua Patterson
Gulf
Cory
Cleo
Gulf Station
American Automobile Association
Indianapolis
Ponidar
Gaulf-tibe—Gulf
New
Gorri
Arte
Gulf Penam Lmiecs
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