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Newspaper
The Clermont Courier
Location
Batavia, Ohio, United States of America
Date
Aug 18, 1955
Page
10
Ohio banks remained the state’s largest lenders to farmers in 1954. On January 1, 1955 loans to farmers totaled 171,050,000 from banks, with insurance companies at 44,936,000 as the next largest lender and 63,085,000 in D C C loans under the price support program.
State officials report farm debt and bank lending show agriculture remains financially sound. In Ohio on January 1, non real estate loans totaled 77.08 million. Production Credit Association held 30.19 million and Farmers Home Administration 5.56 million. About three quarters of 1954 production credit came from banks. Of 93.97 million dollars in farm mortgages held by banks at year start, most financed production and operating needs. Homan notes 610 of 629 insured commercial banks in Ohio offered farm loans in 1954.
John E. Stout of Bethel marks fifty first year as a pharmacist. Beginning at Montgomery Pharmacy in 1905, he has worked in Amelia Batavia Williamsburg Manchester Ohio Covington Georgetown Vanceburg Kentucky and St Peterburg Florida. He notes never missing a holiday work day in forty six years.
L Lowell Wilkin of Greenfield filed petitions in Portsmouth for the Sixth District seat on the state Board of Education to be elected November 8. He reports 895 signatures from six of nine counties and is endorsed by the Southwestern Ohio School Boards Association.
Mr. and Mrs. C. L. Haggerty of Amelia entertained many friends at a dinner dance on Monday evening August 8 at the D X Ranch. Guests included numerous couples and individuals, with Haggerty’s orchestra providing music. The note closes with a Martin Luther quote on humility.
Milford Ohio bank president Fred C. Hartsock announced plans to double the bank’s capital, requiring a 50 percent stock dividend and 2,000 new shares valued at 50 dollars each, bringing capitalization to 150 000 and later 200 000. Existing shareholders may buy new shares in proportion to holdings. Plans also call for occupying the entire ground floor of the Main and Garfield Street building next year. An ice cream social at Summerside Methodist Church and VFW Post installation at Branch Hill school are noted.
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