The Springdale news. [volume], May 18, 1917, Page Three, Image 3

About The Springdale news. [volume] (Springdale, Ark.) 1887-1990

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ABO IT FEDERAL LAND BANKS
Letter (i!\es Detailed Informal: >n
Relative to Land Bank at St. Loci'
In view of the ffeet that Spring
dale has a National Farm Loan Asso
ciation, the following letter m m Wm.
S. Mitchell, treasurer of the bank at
St. Louis* will be of special interest.
It gives detailed information as to
how a farmer can become a memoer
of a Loan Associat on, and much oth
er information.
Springdale is under the jurisdiction
of the St. Louis Bank.
St. Louis, May 9, 1917.
My Dear Mr. Rice:
Your letter just received and as the
questions you ask are those that nat
urally come to the mind of members
of a National Farm Loan Association
or the individual farmer who hopes
to become a member of such an Asso
ciation, and thus be eligible to bor
row on his farm from this Land Bank
in this district, 1 am going into some
detail so as to answer your questions
fully.
FIRST—1 want to call attention to
the fact that this Land Bank was
only chartered and organized to get
ready for business on March 1, last.
We have therefore, had these past
two months—March and April—in
which to get quarters, work out the
many forms for the National Farm
Loan Associations and the ne, -sarv
book forms for the Bank, and have
these forms printed, after being fi
nally approved by the Farm Loan
Board, and ready for use. Sixty
days is a small time in which to do as
much work as has been done by this
Bank in this direction.
No.v, farmers who are members of
National Farm Loan Associations
that were organized last fall, must
naturally feel some disappointment
in t^e fact that their Land Bank has
not begun operations and is not now
actually lending the money to them
— unless they stop to think and con
sider the facts as outline d the par
agraph above
SECOND—The next step ne • ssary
for this Land Bank, and th* n, .st es
sential one of all, was to determine
a permanent arid rapid outlet, or
market for our Farm Lean Bonds, f >r
when you understand that five Ap
praisers working in Illinois, M ur .
and Arkansas, would be able to ab:- rb
th s Bank’s entire capital in loans
sixty days’ work you v ill rea :ily -ee
that we must have a market : -r
Bonds issued against tin* -<• mortgage
loans, so that we ('an immed ately
convert the Bends into money and
continue making loans.
This immediate ecmvertite: tv * our
Bonds is the point that ha- been o au
jy the attention of th* memb‘ r- of
The Joint Committee on Curren y f
the Senate and House of Ke; ”e enta
t:\es and th- entire Federal Farm
Loan Board at Washington. We are
ad\:-*d that this question ■ '1 uo fi
nally settled r a way th it a !: re
sult in a contract that n- ;•••»: t< be
close-!, for the purchase of « :.--hal* ->t
all the Bonds issued by all the 12
i Banks tor the rent >i • t .• nths.
at par, leave . the Laud Banks ■■sly
half f tin b. •: is that they ■ y - e
to soli to the public.
This Land Bank is ao • reeeL ing
subscr ptions to its f arm Loan Bends
from trn public, and, from the numb-r
of subscriptions that ar- coming in
voluntarily by mail, .m l a ;*ersc>n >f
t: c sue - Til ers th* ns* Ives, 1 can s .v
that there will b* no question . our
the sal*. ' ? the Bonds of th s Lund
Bank- a!! o* the-* as fast to pan
pet them out, if present demand is
ai y criterion. Ore single subscrip
tion .f yesterday was $-•• •.•ico.on—by
an 111 ini s B, ker and a pit a t.
The Bond sttosc.r; ptions .ary tro* •
thiis amount down to as low as t 1 ».
You must bear in nr.Lid that ■■
interest, and under the terms of the
Farm Loan Bonds bear t;- ner
KEPT HER AWAKE
The Terrible Pains in Back and
Sides. Cardui Gave Relief.
Marksville, La.—Mrs. Alice Johnson,
of this place, writes: “For one year 1
suffered with an awful misery in my back
and sides. My left side was hurting me
all the time. The misery was something
awful.
I could not do anything, not even sleep
at night. It kept me awake most of the
night ... I took different medicines, but
nothing did me any good or relieved me
until 1 took Cardui. . .
I was not able to do any of my work
for one year and 1 got worse all the time,
was confined to my bed off and on. 1 got
so bad with my back that when 1 stooped
down 1 was not able to straighten up
again ... 1 decided 1 would try Cardui
. . . By time 1 had taken the entire bottle
I was feeling pretty good and could
straighten up and my pains were nearly
all gone.
I shall always praise Cardui. 1 con
tinued taking it until 1 was strong and
well.” If you suffer from pains due to
female complaints, Cardui may be just
what you need. Thousands of women
who once suffered in this.way now praise
Cardui for their present good health.
Cive it a trial. NC-133
Farm Loan Act, the mortgages, notes
; n<l Farm Loan Bonds issued, under
*he n revisions of this Act are leeme
and
to be instrumentaiitr
the Government of the Unite 1
States,” and as such ‘’they and tne
income derived therefrom, are de
clared and held to be exempt from
Federal, State, Municipal and local
taxation; when you consider that the
rate of taxation in St. Louis is
$2.25 on $100.00, you will begin to
understand why the public, owning
local real estate mortgages and other
similar investments, are anxious to
convert their investments into non
taxable Farm Loan Bonds.
1 have gone into these first steps
in the permanent organization of
this Land Bank (which, of course, ap
plies to the entire Federal Land Bank
System) so that you can readily see
why some slight delay has been ab
solutely necesstry in the time elaps
ing between the temporary organiza
tion of the Land Banks and their
field work in making loans through
perfected National Farm Loan Asso
ciations.
THIRD—The appointment of Land
Bank Appraisers has necessarily been
delayed until the Farm Loan Bond
question has been settled, for to
have made these appointments at an
earlier date would have only meant
that there were additional men on the
pay roll of the Land Bank without
any opportunity to perform service
in return for their pay. While on
this subject of expense, it may not
be amiss to state that immediately
on payment by the Government for
the stock of this Land Bank, which,
under terms of tine Farm Loan Act
draws no dividends or other interest,
th;s money was placed with the
strong local National Banks of St.
Louis on a basis that nets this Land
Bank $1700.00 per month, so we have
practically covered our present expen
ses in this way.
FOURTH—Nov. to answer your
I (juestions: As soon as the bond
i question is determined. I think Ap
praisers will be appointed; us this
Bank is ready for their work in the
i field; there should then be no delay
! whatever in the maning of loans by
'this Land Bank;—but, do not misun
ierstand me—it will take the neces
sary time to tret to the Associations
i that are now organized in Arkansas
so that it behooves « very man who ex
| pects to be a member of a Nat onal
! Farm Loan Association to make ar
rangements ■ arry himself until he
j can be reached .y us. He may be one
of the fortunate ones to recei" e ser
1 vice in the very beyinning and again
' he may not. H< should take care of
his mods locally and the members of
jour Associate : should band together
for this purpose and concentrate your
business through some one cnannel
locally that w.l co-operate with you
in this way. This is only ordinary
1 business prudence.
Farm Loan A sis notations are in
tended to cover arty reasonable area
• r t« tritory that the barter members
desire, and ..re -ua.ly 1 mited to the
.area that the Loan < 'ommiftee can
1 conveniently cover
\-soc-atk a trots mat overlap;
1 that is to suy, a farmer may live
within the F> strict of ar, Association
i and still be a member of another
: Association The purpose ol' this
Act is to organize ten or more farm
ers who want to borrow not less than
820,000.00 in the aggregate. int< a
Nat’l Faro. Loan Assoeiat on, and,
hf it happens that tv. • or three farm
! ers within the limits • f this Associ
' ation prefer to join another one, or
! ;o organize another one. it is entire
ly permissabh to do so. It is wise to
have not less than la charter mem
bers. with *< • ii' l(>at s of $'10,000.0(1,
! so that if any drop « at you wall still
j have 10 more whose loans will
i total over $110,000.00.
When the Articles of Association
ore goten up provided in the forms
that are sent oat, and the Secretary
Treasurer has made affidavit on the
form that we furnish, stating the
facts cents: ne.l ", t-h - affidavit, and
the appraisment of each loan has
| been ma it by the Loan Committee
| >.n blanks -hat we furnish, and they
are approve i by the Board ot lJi
i rectors of Your Association su> pa
1 'u rs are then sent to the I no ' Bank
i (addressed u the Secretary;, the pa
; pers are at once : ut in hand f< : t
tention of our Appraisers.
When our Appraiser's report lor
! the Assoc ation has been par vd
upon by the Land Bank, tlv > *vr«ta
i ry-Treasurer will be notified and an
| application ror his Surety Bond will
! be sent to him and he will be instruct
i c cl at the same time to have n s Asso
ciation members secure and send in
their Abstracts of Title to this Land
i Bank, so that the work of examining
1 the titles can be progressing while
the Land Bank and Farm Loan Board
; are perfecting the Association’s ohar
. ter.
FIFTH—President Wilson has re
| cently said. "This is a time when we
1 must ail th;nk, act and work togeth
er.” The country needs all the food
land surlier that can posibly be
| raised this year. Your local bankers
should be quick to do their part co
; operating with your membership in
answer to President Wilson’s call—
entirely omitting the fact that it is
$ t
■**■ - -— — — ♦>
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attention | 0a 0a Fa
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♦♦♦
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♦| Ice Crean and Berries with Cake at the Hall, May 22nd. 8 p. m. J*
aT4 A^A AT4 AtA 4% 4~A AtA A~A a~a a~a a~a
Bring the Family and Cake,
program has been arranged.
A. J. PHILLIPS,
JOE NIX
J. E. ALVIS
J^A A^A 4^A A^A A^A J^A ^.4 A A^A A^A J^A A^A 4^44^4
Come to enjoy yourself. Nice
By Order of the Committee.
A. H. DULANEY
J. S. EWALT
WALTER RALSTON
T
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‘■good business” to be the local depos
itory for your Association and this
Land Bank.
1 have said to the Commercial
Bankers in Arkansas that this Land
Bank will co-operate with the local
banks that co-operate with our Na
tional Farm Loan Associations. You
are at liberty to make any use of this
expression that you desire and the
only question that this Land Bank
will ask will be the solvency of the
local institution that tomes to the
front anil co-operate closely with Na
tioal Farm Loan Associations of
this Land Bank District.
If I have not answered your ques
tions fully, or if there are any others,
which, if answered, will be of service
to you and your membership, 1 shall
be very glad to have your inquiries.
Yours very truly,
WM. S. MITCHELL,
Treasurer, j
OAK GROVE
(i. A. Grammar visited relatives at
Springdale Sunday.
Miss Floy Uovvnum, of Wager, vis
ited relatives here Saturday and Sun
day.
B. T. Whitezell and r M Robbins ,
made a business trip to Cave Springs
recently.
Wm. George and wife, *>.' wager,
visited relatives here Saturday and i
Sunday.
Mr. Bird Waldrip of Echo Del!
spent Sunday here with his son. Role
and family.
Mr. Bashaw sold his farm last
week to a Mr. Downey, from Colora
do. Mr. Bashaw will go to Oklaho
ma to live.
Berry picking will begin hue t’i
week, some patches wer* Inning*
by the hail.
Wm Black and daughter. Roy
Hewitt and wife motored to Pent n
ville Saturday afternoon.
! Robert ( urtis and wile mo.ed r
I gently into the house vacated by;
| John Smith at Castleville.
Frank Singleton, who nas bet ) an
1 California for the past six years, re
turned home Saturday to spend the
j summer with his mother, Mrs Della
| Singleton.
BALDWIN
Win. Roberts had the misfortune
! to lose a line young hereford uw th -
! morning.
Ed Couch has some berr <' ‘o pi'
; Suppose h s family and .1 few of h
i neighbor's children will do that.
Our girls are most a.l gom i •
j Baldwin to the berry ht Is, v hu h
1 makes the place lonesome and du
H. K. Couch has been making s me
additions to his dwelling A new ‘
ing room and kitchen, we sm>p< ~
Ed Roberts, new auto came early
enough for him to learn how to dr
around and show the "ne.v p ir 1
their friends.
Jesse Moore has been “talk r
trade” with a Mr. Peering He
wanting or needing a part me in. ! -
business, especially in his store.
Health is good in Baldwin and \ -
cinity at present. We are having
some real spring weather now r
more encouraging to the farmers a 1
gardens will do much better.
“Fish shoaling” didn’t last u c
We only bad one good mess of r- 1
horse. The men and boys out shoaie 1
the fish until the river got muddy
Then they had to go home and < t
the fish shoal in peace.
The “stork” has been in Baldwin
neighborhood since our last iteirn
were sent in (they wero’t printed.)
A bouncing boy was left with Mrs
Jim Stanburry and wife; a “litth
daughter” with Ed Roberts; also a
“girl baby” for Ed. Patric and wife
Corn crops are coming stow. This
cool weather does not hasten its
growth much. Wheat and oats look
more encouraging. Gardens are
backward, also. Little chicks cry
around and droop and die, too cool
for growth.
It was a very sad affair—Mrs. Lu
lu Mhoon catching her clothing on
fire and being fatally burned before
help could arrive. Her clthing was
all burned off and she had burned
her fingers off trying to remove her
clothing. Her face escaped burning,
supposed that she had fallen and
rolled over in an effort to ext ngoish
the flames. She was conscious and
lived until midnight
Mrs. J. H. Vanhoose returned from
California in the latter part of Feb
ruary to Fayetteville and is making
her home with a niece, Mrs. Howard
Day. She has been visiting with us
the last two weeks. We went with
her to Harris one day to visit a niece
of Mr. Vanhoose, Mrs. Cora Shively,
and had a very pleasant day. Also
visited Fid. Roberts and wife one day
while fish were shoaling and had a
feast on some of his catch. Emma is
a good cook, understands frying fish
also.
E. A. R.
SILENT GROVE
Born to Mr. and Mrs. Ernest Mc
Daniel May the 13th, a girl.
Strawberry picking is the order of
j the day in this neck of the woods.
Mr. and Mrs. Newt White and baby
1 spent Sunday with T J. White and
! family.
Con Pfaff had the misfortune to
.
i lore a tine cow last week and has
j lour more sick.
Archie Burch has a new baby at
| h s. house. Mother and little one are
i getting along line.
.Mr. and .Mrs. Tom Ralston visited
; Sunday with their son, Wm. 11. Rals
ton and family.
Mrs. A. W. Smith spent Saturday
;night with Mr. and Mrs. David Gal
iaher at Springdale.
Brother Dulaney, of Spring 1 tie,
filled his regular appointment at his
place Sunday afternoon.
Mr. and Mrs. Jeff Terry, of Oak
j Grove, v. sited the latter’s parents
Mr. and Mrs Joe Beasly, Sunday.
Mrs. Argie Stoller. of San Anto
j nio, Texas, better known her< as
Argie Pogue, came in Sunday even
’ mg on a visit to home folks.
Pleasant Pace and family, of Ac
i r elent spent Sunday with Claud
' Stewart and family, also Mr. and
j Mrs. Bob Stewart, of Goad Springs.
Golden Rod.
< ANK HIU.
Fee Tilley of Rhea transacted
business with - ur merchant- Fri
i day.
Sam Carnahan of Prairie drove
■vas in town Saturday. He and
family were visiting at Cyrus
I Crawford's. Mrs. Pettieord who
1 iives with Cyrus is very ill. Her
condition seems to be serious.
Quite a number from here and
near here atended the ball game
| Saturday at Dutch Mills. Some of
■ ur boys played in the frame.
Irw n Knox left last Wednesday
for Nebraska so a- to be nearby
when his company is called to
] arms. He belongs to the Ath Ne
I braska Guards.
Our school board met last Satur
day and finished electing thoir
teachers for the coming year Mi,-s
: Cabe, who graduates this coming
(.June from the University of Arkan
sas. was elected for the interim di
, ate grades. This completes the
faculty. We believe that our board
has made some very good selections
| for our school fac ulty this year.
Harold Moore, Nannie Maud
Moore and Elden all left Saturday
1 for Mount Comffort. Howard will
visit a few days and then go on to
Kansas where- he has employment.
| Nannie Maud and Elder w ill stay
j and pick berries.
Jim Pyeatt, who has been in the
hospital for two weeks, returned
home Sunday. While his operation
was serious he is recovering nicely
and will soon be out again.
M?s. J. S. Edmiston, Misses Nel
lie Edmiston and Ellen Moore aU
left Saturday for Prairie Grove to
attend the closing exercises of the
schools there.
Mrs. C. J. Allen, who has been
spending a few days with Mrs. Dix
on :n Greasy Valley, returned
home Friday.
Oscar Reese of Skvlip'ht was in
town Monday. He reports his wife
very much improved since being
taken to the sanitarium at Boone
, ville.
Nichols, the saw mill man is mov
ing his lumber over in town. Mr..
Mr. Ball will have charge of the
selling. We understand Mr. Nidh
ols aims to move his mill soon.
Mrs. Fletcher and Miss Baugh, of
Antioch are visiting with Mrs.
! Holcroft this week. Mrs. Fletch
er will go from here to Missouri to
j visit some of her children.
Ralph Bates came down from
Fayetteville last Sunday to spend
the day with his parents.
Lawrence Brewster returned from
(Fayetteville Monday. He joined the
j company of National Guards at
j tha place and has been training
i since.
Miss Reba Huffaker, who has
been in the hospital at Lincoln for
several days returned home Tues
day. Mrs. Stephens was brought
honte Wednesday. All doing nice- |
ly.' ;
Miss Nell Pyeatt, who came up
to be with her brother during his
stay at the hospital. < ame home
Sunday for a short stay.
Mr. and Mrs. I). Lon Moore and
little daughter Martha Elizabeth
spent Sunday in Prairie drove with
his brother and family.
Earl Gaither of Detroit, Michigan,
is visiting his parents this week.
He expects to be called home most
any time as he belongs t" the Navy
Reserve.
W. B. Campbell is painting J.
M. and John Reese’s dwellings.
These men b-Sieve in keeping their
homes in neat condition which not
only adds to the material but ap
P< a ranee as well to their homes
gu.te a number of farmers here
have a few more strawberries than
they comsume and are finding a
splendid market for them with our
merchants If more of our people
would raise a surplus of berries it
would be a profitable business to
.them. What we need here is a diver
sity of crops. When tine kind of
crop 4’ails we can have another to
help us out. There is no place that
is better adapted for 1 f -rent > rot s
t as is our own country.
Pl'IKI) RE(i I MEM' OR I) HR FI).
Little Rock, May 12. Orders
were received Friday, it was learned
today, authorizing the organization
of a third infantry regiment of ar
tillery, britrade headquarters detach
; ment, one company of s jrnal cores
! following sanitary units, field hos
pital. ambulance company, a head
quarters train and ammunition train
and following cavalry units; one
field hosptia), one ambulance com
pany to the Arkansas militia.
The order made no prt \ :sion for a
regiment or troops of cavalry, al
though smaller cavalry un ts are pro
vided for.
It is probable that an infantry
! re it; ment and britrade Hindquarters
detachment will be organized in the
near future, but the author.zation of
others will probably not be. taken ad
! vantage of at present because of
i strinvent requirements demanded by
1 the war department.
I Before any of the proposed new
organizations will be recognized by
i the federal government, the First
and Second Arkansas infantry reti'i
ments already organized, must have
' full war strength.
j The First Regiment, now at Fort
i Roots, has 1050 men, or eonsider
i ably less than war strength. The
second has not mobilized.
Recent advices from the navy de
partment are to the effect that love
sickness is to be guarded apainst, as
well as seasickness.
I
EXEMPTIONS I ROM DRAFT
Washington. May Id.—Exetnp
tions from draft into the military
forces of the United States under
i the army bill agreed upon inconfer
| enee, includes officers of the United
' States and any state or territory;
ministers or students of theological
schools and members of religious
i organizations whose creeds forbid
! participation in war. The latter
I class, however, are not exempt from
non-combatant duty.
In addition the following are also
i exempt.
County and municipal officers; pos
! tal employes; workmen in the employ
| of the federal government; “persons
' engaged in industries, including ag
riculture, founp to b<*necessary to the
maintainance of national interest”;
those having persons dependent upon
them for spport and those found to be
physically and morally deficient.
OFF TO TRAINING ( AMP
I The following to The News from
Mrs. F. E Piercce. who is now making
her home with her daughter in Pitts
| burg, Kan., will prove interesting to
, the many Springdale friends of the
family. Ernest has many friends
in Springdale, and among those who
| are acquainted with him it is a well
1 believed fact that he will prove to be
especially fitted for the work he has
chosen:
“Ernest E. Pierce has given up his
position at Galveston, Texas, and
gone to the officers' training school
he didn't feel like he could be a man
and do less as he was single and had
no children. I guess you remember
him; Chas. Smyer and Lawrence
Riggs knew him well.
From his Mother, who is proud of
him”
< Md.KHAKdl
M ss Floy Becker visited at I>. A.
Coger’s Sunday.
Bruce Parker has taken his leave
for Montana.
S. F Wade has just put in a tele
phone at his dwelling.
Farming seems to be most of the
news in this vicinity.
Mr. and Mrs. T. F. McGinnis visit
ed on War Eagle Sunday.
Sunday School at this place has
been dead for some time.
| Rev. Geo. Been filled his regular
appointment here last Sunday
Several people from here went to
the berry fields. Some have returned
and report that berries are not any
! good.
Mat l ynch is intending to start to
Colorado in a few days to take up a
claim. A number of friends have
gone to that country and seem to
be well pleased.
Mrs. Martin Baker and Miss Eu
nice Sanders were quietly married
Sunday at the home of the bride’s
parents We wish them a long and
happy life.
Dick Becky.
HARMON'
Strawberry picking is the order of
' the day around Harmon,
j S. A. Brown went to Fayetteville
| on business lpst Thursday.
Miss Maggie Reavis, of Muskogee,
Okla., is visiting friends here,
i Mrs. J. .1 Lewis, of Randolph Co.,
, Ark., is visiting at the home J. L.
' Brown.
W. D. F ranklin and wife and baby
visited relatives at Mount Comfort
Sundav.
• .
Mrs. Rob Motley has another child
sick with fever This makes four
cases in their family this spring.
Everybody around Harmon is sure
trying to do their “bit.” Never was
as many “truck” patches planted.
YV. P. Brown, who has been visiting
his father, S. Q. Brown, of this place,
returned to his home at Atkins, Ark
ansas. Sunday.
Mrs. Cora Thompson went to Elm
. Springs Sunday to visit with her
I brothers before they were called to
I join their company.
Polly Ann.