\
T he
VOL. 35.
NO. 18
elf If WINS
FROM BAF
le
COQUILLE, COOS COUNTY, OREGON. TUESDAY, JANUARY 16, 1917.
for 1918 is withheld as a contingent
fund. One-half o f the remainder has
been apportioned among the states in
amounts based on the area o f the Na­
tional Forest lands in each State, while
the other half has been allotted on a
basis o f the estimated value o f the
timber and forage resources which the
Foreats contain.
Probably the Two Strongest
Teams in the League
The Coquille high school basket ball
team opened the contest for the 1917
county championship Friday night by
winning from Bandon, on the latter's
floor, by a score o f 21 to 20. This is
said to be the third time in the history
o f Coos connty high school basket ball
that Bandon has been defeated on her
home floor and the victory Friday night
is considered to add to the chancel of
the local team for the championship
very materially.
The game opened with Stanley play­
ing center for Coquille, Crouch and Da­
vis at Forward and Chas, Oerding and
Lorenz at guard.
Three field goals
were secured by each team in the first
half; but the Coquille team was fouling
repeatedly, and seemingly unable to
avoid it because o f the condition o f the
floor which made clean playing difficult.
Bandon made five points on fouls and
Coquille two, during the firsi half, leav­
ing the score 11 to 8. The half was not
marked by any sensational playing and
at the time the playing seemed to be a
little slow. It was obvious that the Co-
quitte boys were trying to accustom
themselves to the strange floor and
were playing a defensive game, with
the defense so well managed that the
Bandon quintet were unable to obtain a
substantial lead.
This course o f proceedure continued
through the first part o f the second
half, when suddenly Bandon seemed to
find herself and making several baskets
in rapid succession elevated her score to
20 points. As though they had been
waiting for this signal, the Coquille
boys shifted quickly from a defensive
game to one o f offensive that was a
revelation to their opponents.
As the score gradually closened and
the time grew shorter, the rocters for
both teams came forth with some o f
the wildest cheering o f which they were
capable. Practiced yells were forgot­
ten and each rooter seemed bent only
on making as much noise as possible.
Both teams were placing desperately
and none could complain that the game
wus slow at this stage.
With three minutes more to play
Bandon was still one point in the lead
and it looked exceedingly doubtful
whether Coquille had changed her tac­
tics early enough in the game. About
two minutes before the final whistle, in
spite o f the desperate guarding being
done by Bandon, Coquille scored another
field goal, winning the game by one
point.
There were no individual honors to be
a.varded among the individual players.
The team was a splendid machine in
which every pa»t was faithfully per­
forming its duty.
For Bandon, Webb,
at forward, was easily the star.
The time-honored custom o f an ex­
cursion to accompany the team on its
trip to Bandon was carried out and a
large number o f high school students
and others were on the side-lines to
help the Coquille team win.
The next game will be played with
Marshfield here.
Marshfield is con­
ceded to have an exceedingly strong
t.v>;n and upon the outcome o f the
game Friday, it is considered by some,
depends the championship.
o f the late Z. T. Siglin was written by
H. W. Dunham and appears in last
week's Sun. The many friends o f Mr.
Siglin, which includes practically all
the older residents o f the county, will
recognize the truth o f the praise given
his sterling and admirable character:
Last Wednesday morning this com­
munity was surprised and shocked,
when the wires flashed the sad intelli­
gence that Z. T. Siglin had been sum­
moned to the great beyond.
The sor­
row was especially noticeable among
his old associates, who had known him
from boyhood, for Taylor had helped
blaze the trail for the advent o f civili­
zation. The writer has the honor o f an
intimate acquaintance for 46 years and
business association o f 30 years. Dur­
ing that period I have never known or
heard o f a dishonorable act.
He was
charitable to a fault and wa3 ready to
assist and give, and without the hope
o f reward. I deem it a uuty incumbent
upon me to so express my feelings as a
tribute to a true friend and associate.
My pen falters for I feel inadequate to
to justice to his memory. His life Was
a life o f usefulness, devoid o f ostenta­
tion, and his character as pure as the
driven 3now filtered by an Arctic wind.
I have been associated with him in the
days o f prosperity and in the days of
adversity, and found him always a
faultless man. I have stood side by
side with him on security paper, where
thousands o f dollars were involved, and
when it came time to liquidate Taylor
was always there with his share and
without a murmur.
Words are but
idle expressions.
We can only say,
well done thou good and faithful ser­
vant, you helped sow the seeds o f civ­
ilization, and lived to see left but a few
o f us old-timers, tottering on the
threshold o f earthly dissolution await­
ing the boatman to ferry us over, now
you have gone to receive your reward.
Taylor’ s creed was the Golden Rule
and the Ten Commandments, and when
I stood beside his casket in Masonic
Temple and gazed for the last time on
his familiar countenance, locked in the
cold embrace o f death, and laid my
hand on his manly brow, I could see
that same cheerful smile that had
greeted me through a lifetime.
Time
will come and pass away, new faces
and new scenes will greet us, but the
kind remembrance o f Taylor will re­
main with the pioneer as long as any o f
them are on earth.
So Taylor, with a
sorrowful heart, I bid you farewell.
PER YEAR $1.50
j The whole system must evolute grad-
! ually, slowly, safely, permanently.
03686429
T h e L ast W o r d
EMPLOY EXPERTS
First Championship G am e
In Memory of Taylor Siglin Cheese Association Meet in
Won by Hard Playing and
Myrtle Point and Employ
The following tribute to the memory
Against Great Odds
Inspector and Salesman
TO PLAY MARSHFIELD FRIDAY
H erald
StCUHE GIY FORD ANDC.GILES
Will Mean Better Prices and
Cheaper Buying
The Coos and Curry County Cheese
Association which was recently reor­
ganized here, is rapidly perfecting its
plans for the coming season and at last
the product o f the producers in this
section o f the country will acquire the
one quality in which it has been in­
ferior to Tillamook cheese, standardiza­
tion. The following report o f their re­
cent meeting at Myrtle Point is re­
ported by the Enterprise as follows:
The members and directors o f the
Coos and Curry County Cheese associa­
tion recently organized, met in this
city yesterday afternoon. Those pres­
ent were L. M. Strong, of Bandon, A.
W. Cope o f Langlois, J. D. Carl of
Arago, N. W. McDonald, o f Broadhent,
and Andrew Christensen and Chrest
Nelson, o f Myrtle Point.
The principal business done at the
meeting was the completing o f ar­
rangement for the employing o f an in­
spector and salesman for the factories
that are members o f the association.
For inspector the association has se­
cured the services o f Guy Ford o f Til­
lamook, recently in charge o f one of
the largest cheese factories in Tilla­
mook county, and Attorney Claud H.
Giles has been employed as salesman.
The object o f this move is to stand­
ardize the output o f the several factor­
ies, and thus put Coos county’s product
in a position where it can and no doubt
will command the very highest price in
any market, which may mean a better
price to the producer o f from one-half
a cent to two cents per pound.
This
increase though it may seem small on
the pound o f cheese, will in the aggre­
gate be a deal worth while to the pro­
ducers, the dairymen o f Coos and Curry
when it is taken into consideration
that a quarter o f a cent per pound is
going to pay for the services o f both
the inspector and salesman.
Another thing the members o f the
association expect to do is to buy their
factory supplies together in large quan­
tities, and through this cooperation will
make a saving that will ultimately
mean a benefit to the dairymen that
are patrons of the cheese factories.
♦
♦
♦
As the old man sits by the door in the sun;
Somehow we feel that his race is near run,
And we bid him good day, and he answers in kind,
Still some of us wonder at what he can find
In his battered old meerschaum, all black, brown
and grey,
That leaves him contented and cheerful all day.
But deep in the bowl, where the fire glows red,
Lie haunting dreams of hopes that,are dead;
There are bright, living dreams, that breathe softly
and burn,
Like the weird bits o f fire in the meerschaum urn;
Or that dull and grey as the ash in the bowl,
Left lifeless and somber—deprived of their soul.
For he smokes on and on and each dream gives way
To others as somber, as hopeless and grey.
And they notice him there as they pass to and fro;
Then they ask of themselves, how soon will he
go?
How soon will he loose the frail strands of his life
And welcome death’s peace, after long years of
strife?
And somehow I know as I watch the bowed head—
When the pipe’s fire is out and the last dream is
dead—
He will fold.his hands calmly and welcome the day;
For all o f us know that he won’t wish to stay
When the last hope is gone and the meerschaum is
cold—
It’s only life’s tale and the last word is told.
COOS DAY CREAMERY WINS
sufficient installment upon the principal
every six months, so that the debt may
be entirely discharged at the end o f 33
years.
It is believed that the average cost
to American farmers for interest alone,
heretofore, is a Bum which hereafter
may enable him not only to pay his in­
terest, but also gradually to wipe out
the principal o f his debt.
ENCOURAGING PROSPERITY
—Rory O’Moore
Start Movement to Take
Advantage of Farm Loan Act
Commercial Club and The Coquille Herald Are Behind
Plan to Interest Farmers Here in Forming Local
Associati-'n Under Fédéral Farm Loan I.aw
Mass meetings o f all the people, in
each county in the United States are
to be held at the county seat at 10 a.
m January 27, being the last Saturday
in this month, to consider how they
may derive the fullest benefit in the
shortest possible time from the opera­
tions o f the federal farm loan act.
will be taken up and arrangements
made for the meeting on the 27th.
A.
J. Sherwood has agreed to be present
and explain to the Club the purposes of
the act in order to give those interested
a better idea o f ju st what they are
working for.
While the act was passed expressly
The official call is issued by the Am ­ for the farmer, who is the only indi­
erican Farm Finance League, composed vidual who can secure loans through
o f representatives of national farm loun its workings, the Club considers that
associations and others interested. Its the welfare o f the farmer is identical
— . « > -
County Court Investigates
chairman is Ilerber. Myrick, the presi­ with that o f everyone in the community.
Can an Actress Make
dent o f Farm and Home.
The official Because o f this it is extremely anxious
The county court yesterday took up
A Good Man’s Wife? call reads:
that the farmers should interest them­
the matter o f the deservability of the
The hour has struck for the American selves in this new method o f farm
persons drawing widows' pensions and
If your family comes o f old stock; if people to realize their new opportunity. finance.
indigent funds from the county. A
Accompanying the above call The
you are one who would like to establish A new era o f thrift and prosperity is
great deal o f talk had been going the
Herald is in receipt o f the following
aristocracy in America; if you are so at hand.
rounds that many o f those who were
proud o f your lineage that you would
It is rich in promise o f progress— short synopsis o f the provisions o f the
drawing money from the county were
act together with a few o f the argu­
have crests and ensigns everywhere you economic, social, spiritual.
not in need o f assistance and were tak­
could find a place to attach a design—
ments showing why the Federal Farm
It
enables
the
poorest
and
richest
to
ing advantage o f the county court.
would you marry an actress? And if acquire a “ stake in the land” by buy­ Loan A ct should be taken advantage of
To ascertain the truth or untruth of
by the people o f every farming section
you are just “ one o f us” —a good, whole­ ing land bonds.
these rumors the members of the court
some, clean, respectable American citi­
It helps the farmer to own his own o f the country. Its author is Herbert
had made a personal investigation of
zen—would you marry an actress?
farm —to become proprietor instead o f Myrick, chairman o f the American
all the cases it was possible for them
In either event there will be great tenant, independent instead o f depen­ Farm Finance L eagu e:
to reach. In the large number o f wid­
interest for you in “ Saving the Family dent.
It provides a method, under national
ows drawing pensions from the county
Nam e,” the Bluebird Photoplay to be
It safely and profitably employs the supervision, whereby farmers may co­
court, aside from two or three cases
exhibited at the Scenic theatre on Fri­ people’ s savings, no matter how small operate to obtain long-time mortgage
where the parties had left the county,
day with Mary Nac Laren, the pretty or large, in building up their own com­ loans at reasonable rates upon easy
found but one case that they did not
and soulful heroine of “ Shoes” in the munity by putting their savings into terme o f repayment.
consider was deserving o f all the aid
This is done through national farm
principal role. This is another produc­ federal farm loan bonds.
that was being given. In this instance
tion by the Smalleys, with Phillips
It is the ripe fruition o f Am erica’ s loan associations, composed o f ten or
the allowance was merely cut down and
Smalley appearing as Miss Mac Laren’ s century o f co-operative thrift, and o f more borrowing farmers.
not discontinued.
leading man, and Lois Weber, who cre­ 200 years o f associated finance in Eu­
Each o f these locals becomes a mem­
In the* indigent list, however, more
ated “ Hypocrites” and other famous rope.
ber o f the federal land hank for its dis­
changes were made and several allow­
photoplays, the director o f the produc­
These brilliant possibilities are with­ trict. There are 12 land hank districts
ances were discontinued and the result
tion.
in the reach o f every person and o f in the United States, one federal land
will be a considerable saving for the
“ Saving the Family Name” presents each community.
These possibilities bank in each, with $750,000 paid-up
Oregon Gets $128,111
county.
a new treatment o f the ever interesting are affoided by the federal farm loan cazh capital.
From National Road Fund One o f the things that was brought subject—the stage and theatrical life. act o f 1916. As a means o f help to The government land bank cashes the
I out by the investigation was that while
It demonstrates the influence, for good self-help, it is the Great Charter o f | firs< mortgages on the borrowers’ farms.
v -------
1 there may be a few people who are
Secretary Houston hns announced i willing to accept money from the coun- ¡ or evil, that women in the public eye Rural Credits, Popular Savings, and i
fe d e r a l farm bonds
tiie amount allotted to each state from ty, when not in actual need, as in one ¡ have upon young men o f wealth and Thrift Investment. The new system is
Against such mortgages, the land
the million dollars to be spent during case it is the suspicion o f the court that • position in society. It presents the ac­ now about to go into effect.
bank issues federal farm loan bonds,
the fiscal year 1913 in constructing the party receiving the money is put- | tress in an entirely new light, offers
Therefore, bv virtue o f the universal free o f all tax.
roads and trails within or portly will in ting it in the bank and does not need it ¡ logical reasons for her peculiar conduct interest in and benefits possible from
The sale o f these bonds furnishes ad­
the National Forests.
This men y is for their actual support, the majority and presents with the forcefulness of the federal farm loan system, the Am ­ ditional funds to y>an.
Free buying o f
p a rt o f the t*oi million do.lars nnrro- show a great deal o f consideration for firm conviction, a purposeful and moral erican Farm Finance League hereby bonds mi ans free lending by the sys­
priated by the Federal Aid Koad A ct to the taxpayers who assist them when photoplay as the acme o f good enter­ calls upon the people to gather in mass tem; slow sal» L r bonds means that
tainment.
assist development o f the National they have more than they can handle.
meeting at the county seat or shire Lite cash avi ¡ able for loans will be
•
.
forests, which becomes available at the
I town o f their respective counties, at 10 correspondingly restricted.
An example o f this comes in the way
Mrs. Foreman Loses Suit \ a. m. on January 27, 1917, being the Federal farm loan bonds are an at­
rate o f a million dollars a year for ten of a letter from Mrs. Eva Anderson
last Saturday in January, for the pur- tractive investment.
years.
They combine
who wrote asking the court to discon­
The allotments ns approved are as tinue her allowance as she believed that
Another chapter was added to the pose o f considering the Federal Farm the attributes o f safety and availabitity
follows:
Alaska, $16,354; Arizona, she was in a position to make her own • history o f the school trouble o f Ken- 1 Loan Act.
with a fair return, free o f tax.
$53,604; Arkansas, $9,803; California, living now. She thanked the county tuck Inlet when the jury returned a
A t such time and places, the people
Ultimately farm loan bonds may sell
$140,988; Colorado, $6?, 575; Idaho, court and through them the taxpayers verdict for the defendant in an action are urged to take such action as their somewhere near the same basis as
$108,730; Montana, $70,042; Nevada, and expr* ssed her especial gratitude to o f Flora I. Foreman vs. Mrs. Abe An­ wisdom may approve whereby both municipal, state or government bonds,
$19,296; Mew Mexico, $42,495; Oregon, Judge John Hall, and said that in the derson, in which the plaintiff asked would-be investors and woulu-be bor- to some o f which they may prove to be
$128,111; South Dakota, $8,092; Utah, future she hoped to be able to pay back damages to the amount o f $10,000 for rowers may be enabled to enjoy fullest superior in several respects,
$11,167; Washington, $91,944; Wyom­ to the county all the money she had re­ personal injuries.
advantages o f the new system
Each
The lower the interest rate on the
ing, 40,684. A lotal o f $8,995 has been ceived from them.
The defense contended that the en­ meeting is also invited to form a coun- bonds, the less borrowing farmers will
allotted to Florida, Michigan, Minne­
counter at the Anderson home, upon I ty branch o f this league.
| have to pay.
A reduction of five per cent in the which Mrs. Foreman based her claims
sota, Nebraska, North Dakota and
A fte r reading the above call and
The whole system is directed by the
Oklahoma.
The group o f Eastern freight rates on lumber products from for damages, was planned and started studying over the provisions o f the Fed- federal farm loan board under safe-
States—Georgia, Maine, New Hamp­ Washington, Oregon, Idaho and Mon­ by her, while she claimed that she was eral Farm Loan Act, the Herald, real- guards that bid fair to insure success.
shire, North and South Carolina, Ten­ tana to Illinois, Kentucky, Indiana, the innocent victim.
1 izing that the people o f the community The board itself haa no money to lend,
nessee, Virginia, and West Virginia— Michigan, Ohio, New York, Pennsyl­
The attorneys in the case were W. should have their attention drawn to Loans are made by land banks only
in which the Government is purchasing vania, Maryland and West Virginia is U. Douglas for Mrs. Anderson, and E. the opportunity that is presented in it, through member-associations, as stall d
lands for National Forests, receives asked o f the Interstate Commerce L. McClure representing Mrs. Fore­ immediately got behind the movement above. The United States government
Commission by the Western Pine Man­ man, succeeding the late G. T. Tread- and started the ball rolling.
$ 21 . 120 .
The r e - ! does not put up any money to lend, ex-
In making allotments, it is explained, ufacturers Association and a large num­ gold, who started the action for Mrs. sult is that at the Commercial Club cept that it pays par for any Und bank
ten per cent o f the amount available ber o f Northwest companies.
, Foreman.
, meeting Wednesday night the matter shares
not subscribed for by others.
SYNOPSIS OF
MANY EVENTS
THE FARMER’ S PART
Once the federal farm loan system
has become thoroughly established, it
will be owned exclusively by the bor­
rowing farmers.
Its profi 8 will be divided pro rata
among the borrowers whose business
creates the profit.
New* of County, State and
Only farmers, or those who are about
National Interest Told in
to acquire land for farming, may be­
Brief Concise Form
come members and borrowers.
No person may borrow less than $100
nor more than $10,000, for not less than
five nor more than 40 years.
The security is a first mortgage on
farm land worth double the amount o f
the loan. Buildings on such land are
Tillamook Hog Raiser Moves
accepted as security only to the
to Coos County
amount o f 20 per cent o f the insurance
thereon.
The money borrowed may be used
Preliminary work on Port o f Umpqua
for better livestock, better farm equip­
ment, better buildings and better im­ jetty at Gardiner is well under way.
provements on the farm or in the farm
Five thousand acres in Flournoy val­
home.
ley near Roseburg iiobled to drill for
The rate o f interest to the borrowers | oil.
cannot exceed 6 per cent.
Probably it
Port O rford mills will ship 30,000feet
will be less when the system becomes o f white cedar to Bremerton Navy
thoroughly in vogue.
I Yards.
The borrower must begin during the
Paper m ill at Oregon City plana an-
very first year o f his loan to make
| other addition similar to $1,000,000 unit
small payments upon the principal, in
j about completed. Woolen mills are to
addition to paying the interest.
| build big addition.
For instance, semi-annual dues o f
The soils of 571,463,680 acres, or 892,--
$35 would pay the 6 per cent interest
912 square miles, had been surveyed
on a loan o f $1000, together with
The farmer has the privilege o f pay­
ing off his debt more rapidly, if he de­
sires.
Also, he may refund his mortgage at
a lower rate when opportunity permits.
The farmer may borrow only for use­
ful productive purposes that will in­
crease the farmer’ s income, add to the
value of his farm and thus improve the
worth o f his collateral.
The money borrowed may be used to
refund an old mortgage, or to buy land
for agricultural purposes.
Aside from
those two uses, the money borrowed
may be used only
“ (b) to provide for the purchase o f
equipment, fertilizers and livestock
necessary for the proper and reason­
able operation o f the mortgaged farm;
“ (e) to provide buildings and for the
improvement o f farm lands.”
Once the system becomes fairly es­
tablished. inevitably there must be an
enormously increased demand for all
merchandise, manufactured goods and
raw material necessary for the purpose
o f equipment, buildings and improve
ments, as well as for fertilizers and
livestock.
Each local branch (which the law
calls a national farm loan association)
will be a center o f thrift and business
training for the farmers, investors,
and other folk in the locality.
Their savings may be invested in
federal farm loan bonds.
“ nd maPllcd by the Bureau o f Soils at
the close o f the fiscal year 1916.
On about two million acres o f Na­
tional Forest lands grazing by domestic
stock is entirely prohibited or is greatly
restricted to provide range for elk.
It is estimated that in 1915 about
40.000 forest fires occurred in the Uni-
| ted States, which burned over about
5.900.000 acres and caused a damage of
approximately $7,000,000.
In its round trip yearly from pole to
pole the Arctic tern covers 22,000 miles.
Its daily trip is at least 150 miles, and
this is probably multiplied several
times by the zigzag twistings and turn­
ings in pursuit o f food.
Revised estimates place the amount
o f standing merchantable timber in the
United States at approximately 2,767
billion board feet. O f this amount 1,-
464 billion board feet, or 53 per cent o f
the total, is in California, Washington,
Oregon, Idaho, and Montana.
Buffalo Bill, dear to the hearts o f all
Americans as one o f the few typical
old time plainsmen left, died at 12:05
Wednesday at the home o f his sister,
Mrs. May Becker in Denver, following
an illness o f several weeks.
The Coos Bay Creamery Co., a cor­
poration operating under the coopera­
tive plan won a suit against C. L.Smith
a Coos river rancher, who overdrew his
account to the extent o f a net balance
o f $157.57. The testimony showed that
the creamery had been in operation for
oyer 20 years and extracts from the
articles o f incorporation showed that
the customers or patrons were bound
as well as were the stockholders when­
ever losses occurred.
The hatchery on Coos river will hatch
8,000,000 salmon eggs the coming sea­
son. Supt. F. W. Smith reports that
he has 2,500 salmon in the ripening
ponds. Some o f the eggs may be trans­
BUILD UP THE COMMUNITY
ferred to the upper Coquille hatchery
The money so saved may be loaned
if it is found the present quaiters are
back, through the local, to farmers in
not sufficient to propegate that number
the vicinity where the savings origin­
properly. The hatchery has been do­
ate, thus creating an endless chain of
ing good work o f late and fishermen
thrift and prosperity.
and others posted on the value o f sal­
The bonds are to be in denominations
mon propegation are greatly pleased
o f $25, $50, $500, $1000. Thus they will
with the results.
be within reach o f all, no matter how
J. M. Blanc, for the past few years
small one’ s savings.
Possibly a little
bond even may be paid for a few cents engaged in hog raising in Tillamook
or a few dollars at a time.
Larger county, hns moved to Coos Bay and
ones may be purchased to any amount. plans to engage in the hog raising in­
Put your savings into federal farm dustry here on a greater scale than has
He is ar­
bonds instead o f into
“ wildcat” heretofore been attempted.
schemes, idle ventures or extrava- ranging contracts with the creameries
gances.
Thus employ your money to buy all the buttermilk and refuse
where it will build up your own district | for his swine herds, Last yeas he fat­
tened and shipped seventeen carloads o f
and county.
Unless your people thus invest their j bugs from Tillamook county.
He be-
savings in the federal farm loan bonds, lieves conditions in Coos county are
issued by the land bank for your own more suitable. He shipped a carload
district, where will it get more money ° f stock hogs for his ranch which will
|oan?
I be on Coos River.
Millions o f dollars are required to i A meeting o f newspaper men o f the
meet the demand for good loans in your state under the auspices o f the Oregon
district.
The land hanks’ $750,000 State Editorial association will be held
capital is merely a beginning—a drop at the Salem Commercial club January
in the bucket.
119, according to the announcement o f
Let your people buy your own land | E. E. Brodie, o f Oregon City, president
bank’ s bonds—through school, lodge, o f the association. A number of im-
society, club. Organize and advertise portant bills in connection with the
until even every child has saved, earned , printing business are to be taken up at
and paid for at least a little bond. ! the present session o f the legislature
Make it the lashion, the "s ty le ,” the and the association is interested, says
habit, thus to keep your money right Mr. Brodie, in securing the proper leg-
at home in your own district.
j islation for the newspaper fraternity o f
Remember the money is used over 1 the state. Many editors have already
and over. The same dollar is reinvest-1 agreed to attend the meeting,
ed again and again. I invest $25 in a >
little federal farm loan bond issued by rower reduces his debt a little every
the federal land bank for my district. year; that money also goes into use or
It lends the money to Farmer A, is available for reinvestment or reloan.
See what an endless chain o f pros­
through the local o f which he is a mem­
ber. A pays it to B, to discharge an perity and thrift it sill is!
The law was approved July 17, 1916.
old mortgage, or to buy land, or for
supplies for farm or family, etc. 11 Tha land bank districts were announced
Each land bank
uses the money to pay wages, or to December 27, 1916.
buy some goods, or deposits it in the may be open for business by spring or
local bank which lends it to some one summer.
Any farmer or other person interest­
who will use it in the community. That
$25 need not go out o f your district. ed can secure free on request to the
Every time it changes hands, it helps Federal Farm Loan Board, Washing­
to produce w ealth —it helps to build up ton, D. C., its leaflet “ Farm Loan
your community. Moreover, the bor­ Primer.”
j