Texas Land Banks Offer Farm Loan Path for Borrowers
In San Antonio bankers explain the federal farm loan act effective July 17 1916. The plan creates local national farm loan associations that borrow from federal land banks through stockholding members. Loans capped at 10000 dollars with 50 percent land value security and 20 percent improvements, term five to forty years, with amortization and fixed interest limits.
MENTIONED IN THIS ARTICLE
Texas
San Antonio
Federal Farm Loan Board
Federal Land Bank
Farm Joan Association
Loan Association
First National Farm Loan Association
Trade and finance trends show continued growth in 1916
Last week’s activity remained brisk with steady buying for immediate and fall shipments. For the year ended June 30 exports reached 4.334 billion while imports totaled 2.198 billion, yielding a strong US trade balance of 2.136 billion. Gold movements and district bank plans under the new rural credits law also surfaced. The Southern Pacific reported operating income of 48.19 million and total revenue of 152.69 million for the year, with net railway operations at 55.25 million and rising tax accruals.
MENTIONED IN THIS ARTICLE
Northwest
Bradstreet
United States
Department of Commerce
Southern Pacific Company
Monster shipbuilding output in United States tops one million tons
The Bureau of Navigation reports U S ocean going merchant tonnage under construction on July 1 reached 1 000 000 tons, a quarter more than German yard activity on January 1 1914, but only about half Britain’s normal wartime output. A total of 195 ocean vessels over 1000 tons gross are under construction.
MENTIONED IN THIS ARTICLE
United States
Bureau of Navigation
Cotton sale in Montgomery nets 150000 export value
Montgomery Alabama last week sold 2500 bales of cotton at about 13 cents a pound totaling 150000 dollars. Export cotton is headed to eastern mills and some foreign markets though destinations were not disclosed.
MENTIONED IN THIS ARTICLE
Montgomery
Pine Lumber Lead in U S Production Last Year
Southern yellow pine cut in the United States last year totaled nearly fifteen billion board feet, about 30 percent of all lumber produced. Douglas fir was second with four and a half billion feet and oak followed with three billion feet.
MENTIONED IN THIS ARTICLE
United States
Forest Service
Building and loan associations grow assets and members
Secretary H F Cellarius reports a near 10 percent rise in building and loan association assets to 1 484 205 875 with 3 334 899 members. Across states Ohio leads asset gains, followed by Pennsylvania and New Jersey, while average debt per member stands at 445.05.
MENTIONED IN THIS ARTICLE
H. F. Cellarius
United States League of Building and Loan Associations
St. Louis
United States
Ohio
Pennsylvania
New Jersey
Massachusetts
Illinois
Indiana
Iowa
Nebraska
New York
Fighting With Cana Dians in War Bonds of Cadence
The Baltimore American notes intense combat on the British front with heavy shellfire and trench charges. It highlights substantial American participation among Canadian battalions, including officers killed at Observatory Hill, and recalls soldiers’ blunt reminiscences about crossing borders for the war effort.
MENTIONED IN THIS ARTICLE
Baltimore
Appomatox
Canada
West
Far West
Spokane
Manitoba
Ohio
Observatory Hill
Rhodes Grass Proves Drought Resilient in Southwest Texas
In Bee county a 112 acre Rhodes grass test shows strong drought tolerance and high forage yields. Mills harvested two tons of hay in 1914 and three tons in May 1915 despite low rainfall, while pigs and steers gained weight on the pasture. The crop is now expanding with seed trials and guidance on planting and soil needs.
MENTIONED IN THIS ARTICLE
Texas
Jupiter Pluvius
San Antonio
Rio Grande
Fred E. Mills
Beeville
Mr. Mills
Aransas Pass
H. M. Madison
Sap
Mills
Madison
Bee County
R. M. Meade
United States Experiment Farm
E. E. Binford
State Experiment Farm
C. H. McDowell
Young Men's Business League
John W. Cook
A. W. Suffel
A. J. Silcock
R. Olin
Jim Wells County
Property tax may be lower in Texas
Preliminary figures from the Texas comptroller in Austin show a wealth gain for the current fiscal year of about 25 million dollars, with a 10 cent potential cut in the ad valorem tax rate from 30 cents. The automatic tax board will meet in August to set the rate based on the 1915 assessed valuation of roughly 92.77 billion dollars.
MENTIONED IN THIS ARTICLE
Automatic Tax Board
Texas Railroad Commission considers cotton rate cuts on ports
The Texas Railroad Commission will meet Friday August 11 at the Hotel Galvez Galveston to decide on lowering cotton rates from Texas points to Galveston and other Texas ports to match rates to New Orleans. The hearing seeks to determine any differential for Texas to Texas ports and resolve a long standing port protection dispute. H H Haines secretary of the Galveston Chamber of Commerce has urged a rate reduction and will be involved in the hearing stage of the matter.
MENTIONED IN THIS ARTICLE
Texas Railroad Commission
Hotel Galvez
Galveston
Texas
New Orleans
Texas Commission
Texas Lines
Chamber of Commerce of
Interstate Commerce Commission
H. H. Haines
Galveston Chamber of Commerce
Commission
Receipts Reach High Mark for National Forests in 1916
National forests posted receipts around 2 820 000 for fiscal 1916, cutting 1915’s record by 341 000 and reflecting higher demand for timber grazing water power and turpentine privileges. Officials say gains signal rising regional prosperity and broader business activity due to forest resources and usage.
Dream Revealed Gold Found by Brickerville Man
William Heil of Brickerville claims a Philadelphia Record inspired dream led him to a tin box of $5000 in gold buried by John Belleman on the farm. Belleman, who trusted no banks, hid the money and died without revealing its location to his wife or others.
MENTIONED IN THIS ARTICLE
William Heil
Brickerville
Philadelphia Record
John Belleman
Belleman
Heil
Lumber trade revival boosts San Antonio market
The San Antonio lumber and building material market sees renewed demand as militia units mobilize, with large orders to supply bath houses latrines and supply buildings. Mills cut prices to move surplus while railroad expansion and anticipated Mexico trade boost activity.
MENTIONED IN THIS ARTICLE
Texas
San Antonio
South
Southern Pacific
Santa Fe
Mexico
Rio Grande
Southern Pine Association
Gulf Coast
Railway Troubles in Korea
A World Outlook authority recalls early Korean rail history with vivid safety myths. Sleeping on tracks led to decapitations, glass was misunderstood, and a white window bar was painted to teach sturdiness. In Fusan a car shows an eye level strip. Geomancers blamed drought on thunder wagons as Seoul trolley use began. The motorizing missionary benefits from Japanese road work. Korea has 200 miles of railroad.
MENTIONED IN THIS ARTICLE
Korea
Fusan
Seoul
Also Mentioned on This Page
Nual
Farm Loan Board
Federal Land Banks
Wilson
Charles E. Lobdell
Kansas
George W. Norris
A. Smith
Herbert Quick
West Virginia
Mr. Norris
Mr. Quick
Washington
Rhodes
Bes County
Railroad Commission
Sam
Dream
Militia
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