Federal Farm Loan Act Passed by Congress in 1916
The act creates a federal land bank system across twelve districts excluding Alaska. It operates as a treasury bureau under the federal farm loan board, with an eight year chairman and four appointees. It sets salaries, board powers, and state law reviews, enabling bank charters, loan approvals, bond issues, and supervisory authority.
MENTIONED IN THIS ARTICLE
United States
Alaska
United States Treasury Department
Federal Farm Loan Board
Secretary of the Treasury
Land Bank
Federal Land Bank
Joint Stock Land Bank
Federal Land Banks
Joint Stock Land Banks
National Farm Loan Associations
Joint ‘Tock Land Banks
Federal
Farm Loan
Farm Loan Commissioner
Federal Farm Loan Bank Provisions Summary
Federal Farm Loan banks operate as public depositories with districts under a farm loan board. The act outlines stock, dividends, and capital rules, loan purposes, maximums, collateral, and agent commissions. It details eligibility, bonds, reserves, taxation, and supervisory approvals for issuing farm loan bonds and mortgages within district limits.
Montana State Fair Seeks Records in 1916 Exposition
The Montana board of directors met in Helena to map the 1916 fair opening in September. Thirty eight counties have applied for space in the agricultural building and 2000 extra square feet are booked in machinery hall. The motorcycle contests offer 500 in purses, music by Forsyth and Anaconda bands, and designated days for Helena Eastern Montana Western Montana Butte Anaconda Great Falls and commercial travelers.
MENTIONED IN THIS ARTICLE
Helena
Montana
Skinner
Forsyth
Anaconda
National Farm Loan Associations Formation Rules
Sec 7 explains that ten farm owners seeking loans totaling $20 000 or more may form an association. It states affairs are run by five directors including president and vice president and a three member loan committee serving without pay, plus a secretary treasurer with salary set by the farm loan board and paid by the association. Sec 8 mentions shares at $5 each with double liability and that ownership is limited to borrowers who are required to contribute 5 percent of their loan.
MENTIONED IN THIS ARTICLE
Land Bank
Farm Loan Associations
Farm Loan Board
Land Bank Examiner
United States
Federal Land Bank
Joint Stock Land Banks Powers and Limitations
The act outlines that private corporations with ten or more founders and a five or more member board may operate within their principal state and a neighboring state. It sets a $250,000 minimum capital, imposes semiannual examinations, and allows high leverage through farm loan bonds up to 15 times capital and surplus. Loans can exceed $10,000 to one borrower within 50 percent of land value and 20 percent of permanent improvements.
MENTIONED IN THIS ARTICLE
United States
Land Bank
Bank of Issue
Federal Land Banks
Federal Land Bank
Federal Land Bank Examiner
Mirror design helps customers gauge fit by figure
A clothing dealer installed two full length mirrors, one concave and one convex, to suit different body types. Stout customers view a reduced figure in the concave mirror, while thin customers see a magnified image in the convex mirror, aiding fittings.
MENTIONED IN THIS ARTICLE
Popular Mechanics Magazine
Ice cream dare among Bassett building businessmen
Omer Scudder a Columbus real estate and insurance agent challenged fellow Bassett building business men to buy ice cream. They pooled 60 cents for a half gallon, planning to split a quart, but Scudder ate the ice cream and left the others perplexed and amused as they returned to work.
MENTIONED IN THIS ARTICLE
Omer Scudder
Columbus
Bassett Building
Scudder
Indianapolis News
Three Philosophers Ride and Break Down in Car
A Life anecdote recounts three genuine philosophers who ride a car, which breaks down after about twenty miles. The first seeks a study of nature, the second notices a farmhouse for food, and the third desires a stationary situation where sustenance is brought by a friend while discussing nature.
Montana Women Seek Multiple State Offices in Primary
Helena reports nearly 125 women ran in the Montana state wide primaries on August 19. Candidates included Mae Trumper for state superintendent, Teresa ODonnell for the same office, Miss Jeanette Rankin for Congress, and several Republicans seeking legislature, county treasurer, and county posts.
MENTIONED IN THIS ARTICLE
Anaconda
Nellie Thomson
Missoula
A. J. Lempke
Helena
Margaret Rosta
Butte
Mabel Kinney Hall
State College
Bozeman
Plague Reports in Billings Prompt New Cases and Deaths
New infantile paralysis cases arise in a city section not previously affected bringing total to six with one fatality among five children reported attacked. Health officials note two late deaths reclassified to infantile paralysis after review of symptoms by Dr LD Fricks. Stricter rules from Dr W F Cogswell require excluding children under ten from street cars and public places serving drinks or edibles.
MENTIONED IN THIS ARTICLE
Billings
Thi
LD. Fricks
W. F. Cogswell
State Health Office
Federal road aid sought for Yellowstone gateway line
Gallatin Yellowstone Park Highway association led by Nelson Story Jr. and H L Cacey seeks federal funding for a first class auto road through West Gallatin canyon to Yellowstone Park. The plan calls for $10 from every Gallatin County auto owner plus business contributions and a full survey of the route.
MENTIONED IN THIS ARTICLE
Bozeman
Gallatin Canyon
Yellowstone Park
Gallatin-Yellowstone Park
New Montana Map Planned with 41 Counties
Helena Montana officials say General Henry II advised by the Zen have prepared a new state map to replace the 1911 edition. The upcoming map will show 41 counties, an increase from 33, and is expected to be ready for distribution in six months.
MENTIONED IN THIS ARTICLE
Helena
Surrey
Serharz
Montana
Henry II
Zen
Missoula Police to Adopt New Uniforms and Standards
The Missoula city council approved new uniforms for patrolmen including regulation caps and clubs. The measure authorizes the service commission to establish an eligible list for the position of city detective and to implement changes within 30 days.
MENTIONED IN THIS ARTICLE
Missoula
Service Commission
Only One Jackass in State of Montana Report
Helena dispatch notes Montana assessment figures show Fallo County has no cattle or personal property returns. The tongue in cheek item claims one donkey in the state resides in Fallon County while other counties report zero livestock or personal property.
MENTIONED IN THIS ARTICLE
Montan
Helena
Montana
Fallon County
Fallo
Savoy to Move Town Site to Rail Route
Savoy, near town, plans a new town site along the railroad to replace the old damaged line. W. W. Harvey property owner has bought several acres and platted it into town lots for the relocation and commercial revival.
MENTIONED IN THIS ARTICLE
Harlem
Savoy
Sarg
Nothern
Busines
W. W. Harvey
Seattle travelers praise park-to-park highway
Dillon and family from Seattle passed through Dilla on their trip to Yellowstone via Glacier and the park-to-park route through Hamilton Wisdom and the Big Hole basin. They praised the Big Hole basin road as superior to any they had driven since leaving Seattle. Several other tourists were seen passing through.
Auto Skids on Bankment Near Helena Injuring Two
Heavy rain on the Butte road four miles south of Helena caused a touring car owned by E. S. Shate of Bismarck to skid on an embankment and overturn. Mrs Shate and her son George Shaker were injured with fractures of two ribs and a dislocated shoulder reported.
MENTIONED IN THIS ARTICLE
Helena
Butte Road
E. S. Shate
Bismarck
N. D
An &Bankment
ME Shaker
George
Try to Arbitrate Strike Fails In Helena Conference
A teamsters strike in Helena continues after a failed arbitration conference between union members and employers. Both sides hoped for a one time return to work, but the teamsters demanded reinstatement to old positions with no prejudice to arbitration, which the employers refused.
MENTIONED IN THIS ARTICLE
Helena
T Men
Two Montana Candidates File for Congress Nomination
Fiorial Carnal of Havre seeks the Republican nomination and Joseph Ki wing of Great Falls aims to be the Democrats’ candidate in the final race. Both filed their petitions with Secretary of State derson, arriving together to submit at the same time.
MENTIONED IN THIS ARTICLE
Congress
Helena
Gress
Derson
Fiorial Carnal
Havre
Reg €An
Joseph Kiwing
Great Falls
Three Elevators Planned by Montana Emporium Board
The board of directors of the Montana Emporium company at a meeting decided to erect three elevators. The sites are Galata Devon and Dunkirk.
MENTIONED IN THIS ARTICLE
Shelby
Montana Emporium Company
Galata
Devon
Dunkirk
Former N P Head Visits Ranch
Howard Eliot, chair of the New York New Haven and Hartford board, and Mrs Elliot with Mrs C L Anceney tour the Flying D ranch near Bozeman. They will stay several weeks as Eliot explores Child and Anceney ranch ventures near Anceney. his first visit to Gallatin Valley since resigning as Northern Pacific Railway president.
MENTIONED IN THIS ARTICLE
N. P
Bozeman
Howard Eliot
New York, New Haven
Hartford
Elliot
C. L. Anceney
Flying D
Child
Mr. Anceney
Childs-Anceney Company
Anceney
Gallatin VA
Northern Pacific Railway
Also Mentioned on This Page
H. M. Hanson
Farm Mortgage Bankers’ Association of America
Federal Farm Loan Act
House of Representatives
United States Senate
Federal Farm Loan’ Banks
Capital Stock
Federal Reserve System
Federal Reserve Bank
Ca‘tal
Association
Indorse
First National Farm Loan Association
Counnil
Federal Reserve Banks
Montana State
Stout and Thin
West Gallatin Canyon Highway
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