Federal Farm Loan Act Key Features Outlined
Synopsis of the act notes it creates a twelve district federal land bank system supervised by the Federal Farm Loan Board with the Treasury secretary as ex officio chairman. It covers bank charters, loan approvals, appraisal charges, and state law reviews to ensure protection for holders, with funding caps at $6,060,000 and salaries for officers.
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 Joint Stock Land Banks
Nathonal Fara Loan Associations
Federal Land Banks
Joint Stock Land Banks
Federal Farm Loan Banks Organization Provisions
Details sections on structure, branches, officers, stock, and operation of federal land banks. Sets capital, ownership, dividend rules, and governmental participation limits. Outlines mortgages, securities, deposits, bonds, taxation, reserves, and agent provisions. Special provisions cover commissions, defaults, amortization, and governance.
National Farm Loan Associations Provisions Summary
Provisions describe formation of associations by ten farm owners seeking loans totaling $20 000 or more. Management by five directors including president and vice president, a three member loan committee, and a salaried secretary treasurer. Shares set at $5 each. certain shares carrying double liability. ownership limited to borrowers with a 5 percent loan subcription.
MENTIONED IN THIS ARTICLE
Farm Loan Board
Association
Joint Stock Land Banks Provisions Summary
A private corporation can form with ten or more people and five or more directors. It operates within its principal state and one contiguous state. Semiannual examinations by the federal land bank examiner are required. Capital stock minimum is 250000 dollars. shares carry double liability. The U S government owns none of the stock. Farm loan bonds cannot be issued until full capital is paid, though business may start with half paid. It may lend on farm mortgage security and issue farm loan bonds up to fifteen times capital and surplus, with powers and restrictions similar to federal land banks. It may lend more than ten thousand to a borrower but not beyond fifty percent of land value. Loans are not restricted to
MENTIONED IN THIS ARTICLE
Joint Stock Fund
Farm Loan Commissioner
Secretary of the Treasury
United States
FRS
Federal Reserve System
Land Bank
Bank of Issue
Farm Loan Board
Federal Land Banks
Federal Land Bank
Federal Farm Loan Board
Federal Reserve Bank
Indorse
Mable
First National Farm Loan Association
National Farm Loan Associations
Joint Stock
Feders Lind
Federal Reserve Banks
Federal Land Bank Examiner
Mirrors for Figure Aids At A Clothing Dealer
A retailer fitted two full length mirrors, one concave and one convex, to flatter different body types. Stout customers see a slimmer profile in the concave mirror, while thin customers view a larger appearance in the convex mirror, a design highlighted by Popular Mechanics.
MENTIONED IN THIS ARTICLE
Popular Mechanics Magazine
Ice Cream Challenge Among Columbus Businessmen
A humorous scene from Columbus where real estate and insurance agent Ower Scudder boasted he could eat ice cream. He and several colleagues bought 60 cents worth of ice cream for a half gallon. Scudder finished the half gallon and wondered for more, leaving the others to resume work and exchange smiles.
MENTIONED IN THIS ARTICLE
Ower Scudder
Columbus
Bassett Building
Scudder
Indianapolis News
Three Philosophers Take The Car Ride Chance
Three genuine philosophers ride with pride in a car that breaks down after twenty miles. The first seeks natural prospect to admire while the second notes a nearby farmhouse for food. The third dreams of a stationary dining perk as a friend brings sustenance while the other talks of nature.
High Point Milling promotes flour quality and baking results
An advertisement from High Point Milling Company praises Good Wholesome Flour for superior baking uses. It touts white frost and luxury flour made from the best wheat as ideal for bread, cakes, and pastries, signed by the High Point Milling Company.
MENTIONED IN THIS ARTICLE
High Point Milling
S Mill
High Point Milling Company
Carolina & Yadkin River Railway Schedule 1914
The Carolina and Yadkin River Railway issue lists a October 14 1914 timetable with southbound and northbound trains showing station arrivals and departures. Timings reflect daily service from High Point through Thomasville Gordontown Denton to High Rock and back, with prices and agent W E Price noted.
MENTIONED IN THIS ARTICLE
High Point
Thomasville
Gordontown
Denton
High Rock
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
Stout and Thin
Carolina & Yadkin River Railway Company
W. T. Kirkman & CO
Mr. Farmer
N. C
J. W. Sechrest
Wood’s Garden Seed
Mann Drug CO
North State Tele. Co
Postal Telegraph Cable CO
The
Postal Co
Bell
Danville
Ty Achbur
Spartanburg
Greenville
Aussia
Ona Seca
Raleigh
Seennewene
Henderson
Petersburg
Richmond
Fredericksburg
Fayetteville
Nate
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!