Newspaper Page Text
FARM CREDIT BILL
A bill providing for a natural sys tem of farm land banks has been introduced in congress. This measure is tentatively the administration bill for the establish ment of a national rural credit sys tem !t represents the results of the labors of a United States commission appointed by President Wilson last April to investigate the rural credit system in European countries and report thereon. The bill In the form Introduced has not the unqualified indorsement 0 the house banking and currency committee. It represents in the main the views of the committee and go far as the measure's general prin ciples are concerned It has the ap proval of President Wilson. President Wilson has been positive upon one point.in regard to a rural credit system for the United States. He is opposed to any scheme by which the United States government would become directly the creditor of the farmer. This view is in en tire accord with the views of the majority members of the house com mittee on banking and currency. The bill, as introduced, provides for the creation, operation and supervision of a national farm loan bank system through which the farm land banks to be established under the terms of the act, or to be created through the federation of existing state farm mortgage con cerns and farmers' banks, shall be come the new rural credit system of the United States. The bill provides for the organiza tion under national charter of national farm land banks by 10 or more persons. All laws relating to these banks are to be executed by the commissioner of farm land banks, who shall head a special bureau in the treasury department. The commissioner Is to be appoint ed by the president with the advice and consent of the senate, at a sal ary of $6000 a year. There Is to be a deputy commissioner, with a sal ary of $3500. Two Kinds of Bunks The bill provides for the establish ment of two kinds of farm land Banks—co-operative and profit-mak ing. If organized on the co-oper ative plan it is provided that no stockholder shall own more than 10 per cent of the share capital. The dividends are limited to the pre vailing interest rates of the commun ity, any excess earnings to be dis tributed among patrons of the bank in proportion to the amount of busi ness done with the bank. Shares of stock in the co-operative banks are to have a par value of $25 each., A minimum capitalization of each bank is fixed at $10,000. If the bank is not organized on the co-operative plan a 0-year charter is provided. The bank is to have power to make contracts, to sue and be sued, and to be under the control of a board of directors hav ing not fewer than five nor more than nine members. The specific powers given to land banks are to accept and pay Inter est on deposits not exceeding 50 per cent of the paid up capital and sur plus; to receive deposits of postal savings funds; to make loans for not more than 35 years maturity 'on farm lands anywhere within the state in which the bank operates, provided that the farm loan shall not exceed 50 per cent of the value or improved farm lands or 40 per cent of unimproved lands. Every loan must be reduced by an nual or semiannual payments on the principal if the loan is made for more that five years. The bank la empowered to issue, sell and trade In its own collateral trust bonds se cured by first mortgages or first deeds of trust. The interest on loans may not exceed interest on bonds by more than one per cent. As rap- Idly as amortization payments are made bonds are to be called in and Paid or purchased in the open mar ket and retired. Bonds may not be issued by the banks against mortgages running 1088 than five years. The capital stock surplus and deposits may be used temporarily for the purchase of mortgages or bonds. The banks are permitted to do a general banking business, including the purchase and sale of gold bul- Hon, the collection of notes, draft 3 and bills of exchange, the discount of commercial and other short time Paper. Co-operative banks may carry on for their stockholders all business now permitted to national banks, under rules and regulations pre scribed by the commissioner. No bank may issue bonds to ex ed 15 times the amount of its capital and surplus. The amortiza tion payments must be sufficient to ray interest charges, the administra tion charges of the bank and to re tire the entire obligation at its ma turity. No national farm land bank may 'end money on faith or credit or on the assignment of Its own bank stock ° the stock of any other farm land °ank. it may lend one Individual a sum not exceeding 20 per cent of its capital and surplus. Profit Making Banks | The shares of stock in the profit making banks shall have _ par value of $100, each stockholder being en titled to one vote for each of his shares. Double liability is made mandatory with the provision that stockholders may assume a largei liability by a two-thirds vote. This permission is intended to permit co operative banks to improve their credit by assuming, it: necessary, the unlimited liability of German land banks. National land bank bonds are made available as security for postal savings funds, as legal Investments for time deposits of national banks, and as security for loans made by national banks to national farm land banks. National banks may so lend money to the extent of 25 per Cent of their capital and surplus or one-third of their time deposits. The value of farm lands on which loans are to be made is to be deter mined by an appraisement commit tee composed of three members of the board of directors and appointed by that board. National farm land banks are re quired to maintain a reserve of five per cent of time deposits and two per cent on checking deposits. This reserve may be held in cash or in balances with other banks. The banks are not permitted to operate branches, but are allowed to maintain loan agencies throughout the state in which they operate. They may maintain sales agents for the sale of their bonds within the state or outside it. This provision is ex pected to permit the establishment of many agencies in New York City. SOME FACTS ABOUT THE PULLMAN SAVINGS AND LOAN ASSOCIATION Who Its For To provide a systematic and abso lutely safe plan for the investment of savings, and to aid its members to acquire homes of their own is the object of the Pullman Savings and Loan Association. The Association is in every sense a Home institution. It is for the Practical Man, who realizing the uncertainties of busi ness and of health, and of the folly of spending all his money as fast as he gets it, provides for an emergency. It is for the Prudent Woman, who out of her earnings or allowance, de sires to put away a little money, monthly, where it will be securely and profitably invested, and give her the least trouble and where she can get it when needed. It is for the Young Man possessing the manhood and determination to save something every month from his earnings as a reserve fund, to draw on when sick or out of a posi tion, for providing a home or for a start in business. It is for Boys and Girls, to help them to be economical and industri ous and to encourage them to ac quire the habit of saving, provide a fund to educate them and to make them independent. It is for Societies, Fraternal and Other Organizations wishing to in vest their income for the p-rpose of creating a reserve fund, or for build ing. It is for all Peeking a Home or who want to improve their property, or pay off a mortgage or to provide a fund for any other worthy purpose. Call on or Write M. K. SNYDER Pullman, Washington THINK OF IT Thirty Thousand Persons Publicly Recommend Our Remedy—Some Are Pullman People Over one hundred thousand have recommended Doan's Kidney Pills, For backache, kidney, urniary ills, Thirty thousand signed testimon ials Are appearing now in public print. Some of them are Pullman people. Some are published in Pullman. No other remedy shows such proof. Follow this Pullman man's ex ample. C. S. Stone, carpenter, 1701 A St., Pullman, Wash., says: "My kidney trouble came from straining my back at my work. A year ago last winter I had much trouble from my kidneys being weak. The dull pain that set tled in them tortured me. I was told to use Doan's Kidney Pills and when I did, I found they were just what I needed to help me. They took hold of the trouble at once, clearing up the kidney secretions that had been unnatural and soon having me free from pain." For sale by all dealers. Price 50 cents. Fj.ter-Milburn Co., Buffalo, New York, sole agents for the United States. Remember the name—Doan's— and take no other. If for any reason anything you get from our Grocery Department should be wrong—and It will happen sometimes—we will gladly give you your money back. That's fair, is it not?. Phone 39. feb2o C. R. SANDERS CO. ——^——iaaaaaaaaaaa—aMa^auM PKO_]___lO_i_U_ CARDS DR. D. R. CAMPBELL Physician and Burgeon Office in first National Bank bldg. Office phone 32 Resilience phone • Dr. L. G. KJMZEY Successor to Dr. Ed Maguire Office at White's Drug Store Residence 1200 Maiden Lane Residence Phone: City 56 V; Farm ers 36 R. Office Phones: 126 both phones. DR. E. T. PATH Physician and Surgeon Office; Odd Fellows Building Residence: 801 Colorado St. Farmers Phones: Office, Blue 2; residence, Red 36. Bell Phones: Office, 100 R; resi dence, 100 Y. Pullman Washington DR. M. J. BEISTEL (Successor to Dr. Else) Physician and Surgeon Office: First National Bank Bldg. Both Phones Eyes examined; glasses properly fitted, Pullman Washing' in DR. O. H. RUSSELL Office in White Brick Opposite Postoffice M. 8. JAMAR Attorney at Law Office in Flatiron Building D. C. DOW Attorney at Law Room 14, First National Bank Bldg. F. E. SANGER Attorney at Law Room 11, First National Bank Bldg. H. J. WELTY Lawyer Office Post Office Building Colfax, Wash. DR. A. E. SHAW Dentist Office: First National Bank Build ing, Pullman. Hours: 8 t« 12 a. m., 1 to I, p. m. DR. A. A. ROUNDS Dentist Office in First Nat'l Bank Bldg. Phone 63 ■ ,' T. ALLISON BALL _v_£Jß_y; Eye Specialist w&J^GPJ&y Office First National xs>^_^>< Bank Building Res. Phone 138 J .^gJPggte W> H' STRAUB fl X^lfc Optical Specialist '"^U?*-* > Strictly Correct '-. x^,? *^ 5" Glasses Guaranteed ill Main Street, Pullman, Wash. Phones: Farmers 1031. Bell 284. SPECIAL SALE of potted plants suitable for window decoration. Geraniums, fuchias, chrysanthe mums, foliage plants and other sur plus greenhouse material. State Colloge Greenhouses. Phone 229 Y. Pullman Transfer & Storage Co. J. P. Duthie, Manager Dealers ln Brick. Lime, Cement and Bond. We make a specialty of moving household goods and pianos. Call on us and give us a trial. Office, 807 Grand st. The Pullman Hospital Pullman, Wash. 1506 Star Route St. Phone 69 WHITE LEGHORNS For Sale—Half a dozen single comb white Leghorn cockerels from choice prize winning stock. Two of them have been scored over 91 in a show. All of them first class utility birds. A bargain at J2.50 each. Address Box 127, Pullman, Wash. V STRONG INDORSEMENT W. 11. Holmes of the Decorah, la . Journal,' says, "I have been a suf ferer from Piles and Memmorhoids for years. I got ro relief until my druggist recommended Meritol Pile Remedy. Before I had taken half the package the distress was gone find I have had no trouble since. I would not take a thousand dollars and be back in my former condi tion," H. S. Groat, exclusive agency. LOST -Monday. February 16, In the business section of Pullman, a lady's gold watch and guard pin, both engraved with the initials O. G. Suitable reward will be paid for re turn of same to 1311 State street, on .Military hill. feb2o Exceptional value, IXSteel Clad Dairy Pails, 85c; 2X Steel Clad Dairy Pails, 50c. At the Variety- Store. feb2o A heavy cold in the lungs that was expected to cure Itself has been the starting point in many cases of disease that ended fatally. The sen- Bible course Is to take frequent doses et BALLARD'S HOREHOUND SYRUP. It checks the progress of the disorder and assists nature to restore normal conditions. Price 25c, 50c, and $1.00 per bottle. Sold by Watt's Pharmacy. feb FARMERS: If you are going to make a farm loan, it might pay you to write to Tho Anderson Mortgage & Investment Company, Hutton Building, Spokane, Wash., for their best terms and rates. Jn23fbl3 FOR SALE Golden Oak Bedroom Set Good as Now— Bargain Phone 110 L POST-INTELLIGENCER BARGAIN DAY OFFERS Close February 28th Bargain ; Bargain Regular Day Regular Day OFFER No, 1. Prion Price | offer NO. 20, Price Price Poat-Intelllgencor, Dally and Sunday.! 6.0) £4.. ' P"«t- intelligencer, Dally and Sunday .$ tt.nJ , Post-IntMligencer, Dally Only 4.00 53.60 Sunset 2.T.0 | rf n »- Post-Intelllgencer, Sunday 0n1y..... 1.60 $2.00 American (or Woman . Home Compn) 1.30 V \h A** OFFER NO. -i Total Regular Price $10.00 ) Poet-Intelligencer, Dally and Sunday.! 6.0)~j „ I Pearson'. Magazine 1.60 ICC IA OKKKR SO. 311 raflD.lU Post-Intelligencer, Dally and Sunday.! «0} , Total Regular Price !7.6«J Review of Reviews 3.00 | f n <-»A - , ■ Metropolitan (or Delineator) 1.60 > \n [\J OFFER wo. 8l _ . , —■ rr " Post-Intelligencer, DaUy and Sunday.! 6.0J "I Total Regular Price HO.uOJ : Pictorial Review 1.00 I CC OCI" — ' ' f JJ.-.0 OFFER Ml. 2_i Total Regular Price.. !7.00J 1 Pout- Intel] it, Dally and Sunday.! B.OJ . , . ! Youth's Companion 1.00 | ff-i A A OFFER HO, * Everybody's 150f^l.UU Poet-Intelligencer, Dally and Sunday.! 6.00"| _ . „ , L,"' ."777 American Magaaine ... .." 1.60 I . CC 0A Total Regular Price !»-60 I Total Regular Price $7.60J *••"V OFFER NO, 33i .^__^ . Poet-Intelllguncer, Dally and Sunday.! *Q)\ OFFER NO. Bi World. Work *00 | #1 AA Pr»t-InteUlgencer,__Uy and Sunday.! f.OJ^i American (or Woman. Home Comp'n) 1.60 i. J/.UU Woman. Home Companion ........ „ jUo Ijr M<\ ~j £- tsO.iol Total Regular Price >...*7.&oJ *"»^v —"" — ~L~L~Z ■ ■ — — OFFER NO. 24i . .-., OFFER NO. 0. Post-Intelligencer. Daily and Sunday.! 6.0J-V Poet-Intelligence*. Dally and Sunday.! 6.0 J) Bcrlbnert ............. •''•;•••' J'?' I \7 fill Metropolitan .... ;.Z. ..Tl.iwf CC C<\ Pearson's (or Pictorial Review) .... !.■>»>• ,)|,UV Total Bagular Price file) *3.0U j Total Regular Price »">•*»' OFFEB NO. Ti l OFFER NO. 2SI , ... Po.t-IntelHgenoer.Dally and Sunday.! 6.M ) Pom lritellUrn,..r. Dally and Sunday .! J.OJ, Delineator . ~—•• . •••M IT 50 Scientific American P«r^r.:::iKls7.7s "•*#or ~ —•• _^ \K Ml pictorial Hevlew (or Pearson's) ... _1.60 I)/ ./ 3 Total Regular Price _. ...|T.So) *v,vv 110 60 — . _ Total Regular Price .____-—. OFFER NO. Hi "" Poet-Intelligencer. Daily and Sunday.! 8.0)) OKFER NO. 2«i , fcverybodyl" Mag_.1«\_77.777777! .. L6O C r PA P^n\Vg°em*!r.DaUy and Sunday., 6.0) Tot,. »g___ Price «d JrJ.OU : Bverbody'. ,;,.;;;;;,:::::::::::::::: VjU $5,95 Total Begma. Price #7jw) *«»vw «ccaii'. :::::::*.:: :6orio.yi) •^_> s—MIMe————-m*-—____—, mMHMimriWMa*me_^_a—«—■mhea«_Mi»■MmMeMMuMaaMMm—MMasMißme* * LMJtty B ...ee.eeeee.eeeee Post-_ot^lg2_J?,._teUyandß__d_y.! «.0» 1 Total Regular Prlc *»-50J Post-Intelllgencee, Dally and Sunday ! «0* 1 Total R «*ular Frlce ,l>- 8g _____-— tanaet ■♦-—•*♦•' 1-60 ( frC PC OFFKR NO. 271 , .'77 7* TVHaI Regular Price 1 „60 / \ri nil l^f^}"^;?•;^.^.f^*'.! S.oo] » ? OP I>otal Regular Price ..^-^ !_SO *U»Wa I Poßt-IntelllK^i'-er, Dally and Sunday .! 6.0) — OFFER NO, KH 1 j American Review! »■«» l" 9"] »^« OfPKR no. rh | American MaKa.lne 'ln'> , Poet-InteUlgencer. Dully and Sunday.! «M) Pictorial Review ___..!„ Review of _uwiew. _. jloo ffr -TA Total Regular Price tll-wJ 5 Total Regular Price U...**#*) **- 'V I ~ ~ — _~..a>».</v> OFFER NO. ffli jo , .«a OFFER NO. U. Post-Intelligencer, Dally and Sunday.! 6.0J Po^-lnteiligenoer. Dally and Sunday.! «.0> * ; Youth's Companion 1.50 I _7 7ft Youth', comp«io» ..r. .^:!tK jrgo _^, e n r^ r Ma,ta ?'. n?.:::::::::::::::: gj.- V«/U Total Regular Price _. —UM>) *J* JU TotAl .- lllar rlre 111.00. OFFER NO, 1-a " ~~ Post-Intelligencer. Dally and ■____» I 6 o« \ OFFER NO. 2»i «_n,\ wend-. w r^.....^r.f_f.^: l US r fi « 0 j^fi^J|R^\^.?!f.? r. nd. ay., s.So j; ro 0A Total Regular Price .— jjg D>lv Ktr'Mt. •.:::::::::::::::::::::: LB $o.ZO OFFER NO. l»i _>aUy and Sunday.! «.<K» 1 TotMi u«*uUr pr,ce |110° , Poet Intelllffeueer, DaUy and Sunday.! B<W ) Totai iu*uUr Prlr-e fl , BCr,b°^" - MX7 00 OFFER NO! »■ " „ Total Regular Price _.__ _»__ ) ♦'•»" Pont-Intelllgencer, Dally and Sunday.! e»h — —■"—"• •***"' Century <00 -_ ft _ OFFER NO. Mi McCall'. JO V VJ| Ptjet InteUlgencer.DaUyandSuodar.! I.M| Today. • " *O.UU Scientific American . i_«o / _><■» a A "77777 *"• iJK\ \7 fill Total Regular Price !11.00j Total Regular Prloe .. ,_^ 77^7) *!."" " !_-__ " — . ■ OKKKH NO. 811 ..... Oa~F__i NO. 18, Post Intelligencer, Dally and Sunday.! 6.00 \ o*!:. ln.fU,t *now ' Dallg and Bandar I 601 1 Woman's Home ('oinp'n (or American) 1.60 I ~ Z -^ Hs7 20 M,.".'..:::::v.::::::::: r :R $6.35 Total Regular Prtoe |¥ .o«) *'•*«« Today. • -M I *v,tfw 0»FEB NO. Mi ~~~ ~~ ~~ ~~ Total Regular Price 610.00/ Pw^^eWgencer. Emily and Sunday.! 6.0 M \ " Harper*. Maga^oe _.... 4.00 f7 QA OFFER NO. 82. ;'- .. __ . „ ( \/ All Intelligencer, Dally and Sunday.! 6.0.X Total Regular Prh».. ..^^.. .|M.OO ) *'* Uentlewoman " / fl -»A -—— " — ——— Farm and Fireside »•( \fl #11 OFFER NO. ITi Poultry Success *°( #*»IV Po.t-InteUljraaoer, Dally and Sunday.! «.00 i .T7^) C^**^ : __ , ....... 4.00 ro ca _ Total Regular Price *■"' Total Regular Price.. ...^ iirZooi^O.DU offer no. 83• ~___S_: -7-7_ — Post-Intelligencer. Dally and Sunday.! «.OJ\ <MyKBB NO. ***« _. Woman. World «/ ft -If\ Peet-Intemg.a..,. I^llr *_d Sunday, !.0» x Farm Life ."I J4.7U K__i. •••*- —* _. -"O/ »■ .*■. Fruit (Jrower and Farmer 1.00/ *I.iv '"" a»aa«ana)aaa»««tMi .40 > \J\ X*\ .. \ -_..._ . -Zll 44.03 Total Regular Price »7-*8 / Total Regular Prtoe M !7.00 ) — — ' ™ ' '11. —_______!— j■. ■ai*aMa»_M_________.^fc_________. | , OPFPH O. 841 WPFSa NO. _* po.t-Irrtdll'lge'ncer, Dally and Sunday.! I.OJ ) wTll'i*^W» eo<>s_' Dally and Buaday.! !,0»\ The Ranch »Xf f M AA SSK-!..!^* 0011* °«»ta*^> <*' AmmricanJ 1.60 /»« 1A The Westerner ™\ SOU D*Un<,Uw - 1J0) \K All Pacific Poultryman _™( *"•*" f> Tot^ ttmWmm Pvloe ..««.>.^..!T00) * Total Regular Price tl.Ul m' "™*' ■'■"'■■■■ i—i i .I, —-,-n.i. i ■■» ■-■ ' ,- r ' "* ALA, magaaine ettere Incl-de one yeaf. .uh.crtptlon to each maga.lne mention.d In •«*■•"•£ _*__!?% Miuii-M. cannot be apllt. The comblnatlone are e.actly a. .tated. Where de',**s' I .n,V,ncer _ta_f*_?___*^ to.- te all °»«»- Be sure and mention offer number. The Pojtjlt ».l»genoer _ ._• "WMhingto^e Be.t Jtow.papor." It I. the only Seattl*. Sunday paper oarryln* A_*oclate_ rra«. nig alulae!!. Bargain Dag prloe rune from now till February It, 1114. ' • tfy&t&P**- -* All Lengths and Width. ' *=s*^ jg?W C. R. Sanders Co. Frank Russel Gloves! Hand-sewed, with a double welt, will not rip. Made of the best medium weight horsehide obtainable. 111 in iii ii 11111 11 mi ■■ i■ Finck's "Detroit Special" Overalls iiimmmiiiiiiiiiiimmiii V. W. CLARKSON "MEN'S OUTFITTER"