Brookings-Harbor pilot., July 24, 1947, Page 6, Image 6

Paye Six
"W orld's Finest C lim ate’
i stockmen. These loans aggregat- ers are w atching carefully is the who borrowed S4200 to purchase 1947 Iegi,,
a home in the city of Tillam ook, i Nou, |h
Pe'
W ard is an employee of the post also tran sferr^n i* 8^
Farm Finances Up ^ £ « 5 , S'
---
which $20,896,-1 price of farm lands. Based on the
' 000 rem ained outstanding
on 1912-14 averages a t 100, the av-
In Oregon Says
Jan. 1. 1947. Banks had at least je t age farm land price of the
$28,518,000 available for addi- sta te in March, 1947, reached 152,
Bank Cashier
tional loans to farm ers if the com pared to 130 a t the peak of
ing appraisals tn
■°an officials s , / 2
The first million dollars which
to give the veteran
demand existed.
• the land boom in 1120. D uring
the departm ent loaned w ent to servlce on his ap)*
4-H Clubs and FF A
D uring 1946 loans on farm real, ,be P*st >'e a r. the increase has
424 veterans. The average loan
»-•- in
¡_ Oregon
------- :-------------1
' t - i ----- been six per cent.
Information on th,
Chaptcr.S
Recommended esta,e
increased. There
Chapters Recommenc
was for $2212. V irtually all w ere loan can be ns» *
»
1
»•
• **•
were 1316 farm m ortgages made
"The
Oregon
B
ankers
Associ­
In Educational F’lan
made under the original loan act i D e p a rtm e n t 7 ;.aine* !
for a total am ount of $6,652,000; ation and the a g ric u ltu ra l com- of
1945 which perm itted a mixi- ! s ta te I .hra
perm itted
n n t n wvA/-ri
«
1 and S5 532 00° of »his volume re- mission of the A m erican B ankers mum loan of only $3000. It is now S ta t* Library budding ,
»> « 6 S. W. Ha, A(' ;
, ' . i
.
« f le e tin g the mained outstanding on Jan. 1, Association a re w orking together n n ^ i h i ^ o
edM-il costs of producing crops 1947. The farm m ortgage debt is to help keep fa rm e rs of our sta te possible f to borrow up to a m axi-
and .he .va.1ab.hty „( m ore farm h.gher .ban „ was a yea, ago. ,n a sound financial posiUon We S T h e
7
T ‘Z
th 's ’T r c , 0" . ' he
" 'I T . " ” "
t ? lun" ° f b» "k »"hough it still rem ains only are u n ,in g our custom ers to iim it ^ o i riv w hichever T -^ ie T d
_1
„
" I hichever
iiu ic v n
is
le s s , due
OUe
^ g in as
indehteHn««.
Property, w
is less,
e n fin tised by Oregon farm ers «bout half of f the volume th a t their 7 'fa arm
rm _____»„„.„.a.
tedness
to
a
n
[
,„
am
endm
ents
passed
by
the
g
round
nffiT
,?
y
is curren tly righer than it was existed in the com parable period account which can be paid from
a year ago. according to C. H. following — World W ar
— - 1
norm al ' f " a r m incomes, figured
Young, cashier of C urry County
Farm production loans classed iroiP ,he ,onK term average prices
Bank, Gold Beach, who repre­
— loans
i----- --- to farm ers" - to
- - ,.,
! cf farm products. We recognize
„,tr Oregon
v y ir itu n n
a n ic e rs a
s s o - as
‘other
sents the
Bankers
Asso-
elation as C urry County agricul- ta,lin « 14'398 were made bV Ore- t the unusual
USda ch aracted of farm
t tu
u ra
r a l l r chairm
h a ir m a an.
n
gon banks during 1946, in an a g - llnC me and tbe farm land price
However. Oregon farm fam il­ gregate am ount of $32 490 000 sltuatl0n of the presen t time, and
. $12,693,000;
........ ........ T ias bankers we - a re
dis-
Of this -------------
am ount, only
- pledged • to ------
ies are probably in the strongest ™
was
outstanding
on
Jan.
1
of
this
couraK
e
borrow
ing
to
speculate
financial position that they have
rvn Far»»-»
__ ■
.
ever been.” Mr. Young stated. year. The production loast aver .. on farm land or borrow ing to
"Less farm ers need to use the aged only $2,257 each A pparent buy land at nigh prices which are
bank credit available to t h e m ly the farm ers’ short term debt not justified by long term income
because continuing high farm in­ position is favorable; and a l­ prospects.” Mr. Young said. "We
comes make it possible to finance though they borrowed more m on­ a re encouraging Oregon fan n ers
operations out of income and ey last year, th eir outstandings to round out and diversify their
when credit is used, it is retired at the year end were less. An­ production and to conserve and
up
of Ule
the
other
favorable
factor U
in 1 the
—
... .W.
lauiut
w e build
..
* the r productivity
— - V .,,.., ut
when crops are sold.”
Reporting on the results of a ptesent situation is th a t farm ers, . A nother im portant p a rt of
cwn substantial —
savings
in vaau,
cash, th,B
this program is concerned with
third
.............. national
survey of bank
----------------------------
’ •••»«» ...
lending made by the agricultural ljank dePosits, and United S ta te s the education of farm youth by
and through activities such as
commission of t h e American I bo,1ds.
.
...
I * 11 * 1 u bs ¿1 nd 1* u t u rt • Fa rni, ‘ , f
Bankers association. Mr. Young
A possible source of danger lies A m erica.”
*
»aid that Oregon farm ers used in the trend tow ard the higher
™ Lu“k i ? T ‘Or . T i ,h. L b“ _k C" 'T ' CHSt of
and improve-
available to them through 1946. m ents which m ay reach a point
However, the 64 insured commer­ w here these purchases cannot lie
cial hanks which serve the ag ri­ financed out of c u rre n t income.
cu ltu re in the state made 37.885
"A nother factor in the Oregon
loans to 16.325 farm ers and agricultural picture which bank-
SALEM
Oregon D epartm ent
o V eterans’ A ffairs has loaned
its first million dollars to v e te r­
ans of world w ar 2 for the pur-
chase of farm s and home since
the s ta rt of the d e p a rtm e n t’s
operations in July. 1945. D irector
W illiam F. G aarenstroom an ­
nounced this week.
The borrow er p u ttin g the de-i
p a rtm e n t over the m illion-dollar
m ark was Glenn A. Nelson of!
P ortland, who w ith the aid of'
his fa th e r has worked spare time!
for the past y e a r building his
S ^ h° T ? e,S° n S ,Oan was
$3000, Which he will use to r e - ‘
pay his parents, who financed the
construction of his five-room
home. P a rt of the loan also will
>5*
u h i o i ' T ' 1 needed im Provem ents
c a a a Ä 'x s «
u h ic h the recently-am ended state
,
"" in te r r e c tio n » to p , i g n , o n e o f th e » e d r iv e r »
loan law perm its.
t o l l t d e d »cuh a n o th e r car. T h e f o r c e o f th e cra»h e n t a n g l e d th e l u o
Ibis week the departm ent also
,k '
dam m ed
This week the departm ent also
^ r io u .! ^ m ^ d
i i
? ? ,in ‘l °
fro „ere
announced th a t the first state
a e r r o n ^ in ju re ,! . ' a t ,a n a l l o n „ r , „ t , „ „ B u r e a u r e p o r t , th a t d i,r e -
o«n to be made in Tillamook
............
county went to Glenn II. V
V ets F arm Loans
Top F irst Million
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lír>d y ursetf one o f
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— ____
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r
'
ed
fu ll
l r
•
a rP
s u b m itt-
Prieer'« tiem n B—kerd SB
Yon must apply for renewal A i, month
if yonr driver’s license serial number s a
above group.
•
No Individual notice will be mailed to you.
•
Do not ap ply b y mail. Apply at the driv«n
ficenee clerk or exam iner in your community,
•
No re-examination is required.
I f your driver's licen se
num ber is higher than
get a ren ew al
schedule from any s e r v ­
ice station, p olice or sh e r ­
i f f s office, or l i c e n s e
clerk or exam in er.
Oregon driver’i
5R-1
to 5R-33.MI
alrcady invalid. Lodi
yours to make san
are noi violatine th« I
Bobert S. Parrei!, Jr.,
Secretary o¡
Let I s Help
ou With Any of Your
GLA SS
PRO BLEM S
Automobile Glass
Safety Sheet air
Glass lor that Desk or Coffee Table
H INDOW GLASS—either Crystal or Plat
N ew spapers
t ¡: t
_
O regon B a t a A t d '
Ninth and I, Streets
Phone
CRESCENT CITY. CALIFORNIA
1 Sealed bids will be received b
! ? he Eorest Supervisor. G ra n u
1 ass. Oregon, tip to and not inter
than 2.00 P M.. Ju ly 28. 1947
I for all the live tim ber m arked
or designated for cutting, and all
nierchantable dead tim ber k ^ a t-
jcd on an a re a em bracing on, iv.
• m a te ly
Importent,
MEADOW’S AUTO SERVICE,
National Forest
Timber For Sale
I I' M S.. R II IV.. \v. M S ,sUi;
I quo N ational Forest. Oregon
m a u e n u r 'o t t „ \ W
, ,
.
PB-5
—1 month tor i « V—
rf |
'
v
tim ated to be 380,000 feet n \ t
'» . U S A
5
- (C S tanlsì - - ■ _ ’Ut jj t „ T
*"
m ore o r less of Douglas-tj, ,nd
»exj me Th« Chr.it,an
■«MOO I - , B M „ t,,,.
Of P o rt O rford w h „ P.cw iar N o !
S tr« « t.
bid ot less than $7 85 tier \i
—......
_
- - - - - —- —
tfe’\ / 7
^ K l a s - f i r . and $ i6 6 5
.................. . 2o'*-----stet..................
Per M feet for Port O rford white,
cedar will be considered S25(X)no
must accom pany each hid to be
on the purchase
I
' ,urcn«se price I |
refunded, o r retained in p a r, »,1
rtROOKINGS-HARBOR p i l o t .
. ..I.nda.ed d
a
n
, ,
Oregon.
Date. --------------------
--------< he «^nditions of sale. The right
Indiy
nv
to
~
'
twbscrlS« now to Z X
office in his com m unity.
>*ar .. for which you will find <ch.x’k»
» ¡h i !• t lnform ation concerning
(check! (money order) »he tim ber, the conditions of the
< c u k | for
i
’i i8 ud the submission of bids
L ,°«ld hp obtaine<i from the For-
(Signed); ______
i cst Supervisor. G rants Pass Ore.
Ron or the D istrict R anger Gold
address ___
Beach. Oregon
d
Cigarei
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A
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f o u n t a i n s e r v ic e
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ice cream to take home
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DRESS MANUFACTURERS
Cincinnati, Ohio
LOCALLY REPRESENTED BY
MRS. W ILLIAM V. WARD
At W ard’s Clothing Store