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The Mobile Item in Mobile, Alabama

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

The Mobile Item

Location

Mobile, Alabama, United States of America

Date

Jul 29, 1916

Page

3

Land Loan Banks to Lend at Reasonable Rates

The farm loan bill creates twelve federal land banks to issue loans on farm lands at not more than 6 percent annual interest. Loans range from 100 to 10 000 dollars, secured by first mortgages, with long terms and through national farm loan associations and regional or joint stock banks. The Federal Farm Loan Board oversees appraisers, banks, and bond-backed financing.

Farm Loan Bill Federal Land Banks National Farm Loan Association Federal Farm Loan Board Federal Land Bank Loan Association Treasury Department Secretary of the Treasury Farm Loan United States Alabama Wilson First National Farm Loan Association Farm Land Board

Federal farm loan act details and loan terms outlined

Alabama farmers learn the rural credits bill creates twelve district federal land banks with stock capital and borrower owned shares. The act sets loan limits, amortization plans, and interest caps, detailing building land purchases equipment and improvements, with safeguards against misuse and penalties for diversions.

Abe Martin Aurelius Budd Seeks Job After Graduation

Abe Martin Aurelius Budd, who graduated in June with the masterly essay America th' Land O' Opportunity, is still lookin for a job. Miss Fawn Lip pincut quips that somebuddy ought to invent a wireless mustache.

Aurelius Budd America

Allied Trade Body to Visit U S in August

Baron Yoshiro Sakatani president of the Japanese commission to the Paris economic conference said the group will visit the United States in August to study trade relations. He noted the Russo Japanese treaty clarifies the Chinese situation and favors open doors for all nations including the U S.

Rome Yoshiro Sakatani Paris United States New York Associated Press Sakatini Japan China

Prospective borrower may borrow stock price with loan

The text explains that a borrower lacking funds to pay for association stock can borrow the stock price as part of a loan secured on his farm land. It outlines a financing option linking stock purchase to agricultural property as collateral.

Italian Vessel Drives Away Attacking German Submarine

The Re D'Italia, a 6237 ton Italian liner of the Lloyd Sabaudo Line, was attacked by a Teutonic submarine on July 23 while en route from Genoa to New York. Defenses opened fire and drove off the submarine, and the ship continued to America.

Rome Re D'Italia Lloyd Sabaudo Line Genoa New York America

Central Powers Move Toward Baghdad Amid War Alliance

A 1915 analysis notes Bulgaria's accession over Serbia tightens links from Berlin to Constantinople and Baghdad. It argues the central powers share political and economic interests, with Germany entering the third year of war confident of gains despite stubborn opposition.

Berlin Associated Press Russia France England Germany Constantinople Galicia Alsace-Lorraine Rhine Italy Austrian Alsace- Lorraine United States Ber Turkey Bulgaria Serbia Bagdad

Fire Slightly Damages House at Spring Hill and Julia

A fire Friday afternoon damaged a dwelling at the southeast corner of Spring Hill avenue and Julia street. Firefighters extinguished the blaze with slight damage. cause remains unknown.

Spring Hill Avenue Julia Street

Indictment of Doctor in Girl 12 Case

Baton Rouge parish grand jury indicts Dr Estes D Robbins a noted specialist and society leader on statutory charges filed by Alma Black twelve year old girl daughter of Cole C Black Bond set at five thousand dollars Robbins jailed yesterday he denies the charges and said he expects to post bond soon.

Baton Rouge Estes D. Robbins Alma Black Cole C. Black Robbins

Weather forecast for Alabama and Mississippi in late July

Forecast for Alabama and Mississippi calls for fair to night, followed by partly cloudy conditions Sunday with a chance of showers in southern portions.

Washington Alabama Mississippi

White Star Absolved of Titanic Liability in $665,000 Decree

Federal Judge Mayer signs final decree in New York resolving four years of claims over the Titanic disaster. White Star Line pays $665,000 to withdraw all claims, declaring no liability for the loss of 1,608 lives and ending about $18,000,000 in recorded claims.

New York White Star Line Als Aries Mayer

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