The Mountainair independent., January 25, 1917, Image 1

About The Mountainair independent. (Mountainair, N.M.) 1916-1941

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VOL. I
MOUNTAIN AIR, NEW MEXICO, THURSDAY, JANUARY 26,--lW7
NO. 17
MOUNTAINS STATE
BANK OPENS
TOR BUSINESS
Charter Signed by Examinar
Carter last Tuesday
Morning
DIRECTORS TO BE CHOSEN
ON FEBRUARY 6th
The loug-fooked for bank at Moun
tainair 8 now a reality. After numer
ous attempt to organize a financial in
stitution here during years past, and
an increasing demand for a bank, the
Mountainair State Bank opened its
doors for business on last Tuesday.
Stat Bank Examiner Carter came in
Tuesday morning, and after interview
ing our people on the needs of such an
institution and the probable support
which would be given it, and an investi
gation of the matters pertaining to the
organization, granted the charter and
gave the officers permission to "do
business."
That our people realize the necessity
of a bank here is proven by the fact
that almost three dozen farmers and
businessmen subscribed stock in the
institution. The impossibility on the
part of the merchants to supply suf
ficient change for the large sums re
ceived by the farmers last fall when
marketing their crops, and the necessi
ty of being forced to go elsewhere to
secure assistance in the way of neces
sary loans, proved only too clearly that
Mountainair must have a bank.
The officers of the bank are: H. F.
Mathews, president; Jas. H. Rhoades,
vice president and J. N. Burton, cash
ier. A stockholders meeting has been
called for Tuesday, February 6th at
which time a board of directors will be
selected. In the mean time, the law
provides that the officers shall act as
uch board.
School Notes
New pupils in room 2 are, Ray, J. B.
and Lela May Whiteside from House,
New Mexico.
Work is progressing nicely with those
who are in school regularly but there
are a number who are quarentined be
cause of measles.
Mrs. Ralph Stewart visited in Miss
Hoyland and Mrs. McNeese's rooms
Wednesday.
Mrs. H. L. Hanlon and Mr. W. R.
Orme were high school visitors Wed
nesday. The school children of the various
rooms are planning to assist the Ladies
Aid in their program to be given Feb
ruary 2d, in connection with their box
supper. The high school girls will
furnish music and the others, drills and
folk dances.
Stockholders Meeting
A stockholders meeting of the Moun
tainair State Bank is hereby called for
Tuesday; Frbruary 6th, 1917, at 4 p. m.
at the Bank building, to transact such
business as may rightfully oome before
them at such time. All stockholders
are urged to be present.
H. F. Mathews,
President Mountainair State Bank.
Wedding
Miss Piedad Chavez, daughter of
Julian Chaves and wife and Antonio
Serna, son of Plaeida Serna, were in
Mountainair Monday, making applica
tion for marriage license. The cere
mony is to be performed at Manzano
next Monday by Rev. Fr. Jose Gau
thier. After the ceremony a(reception
will be given the young people at the
bride's parents' home, after which they
will leave for Belen and Los Lunas,
where they will spend their honeymoon
visiting relatives.
WHAT THE PLAN Of
AMORTIZATION IS
Figures to Repay a Loan of
a Thousand Dollars
One of the features of the Federal
Farm Loan Act which makes a strong
appeal to farmers is that it compels
them gradually to retire their indebted
ness through a long or short period of
years.
This process is called amortization.
Under it the interest and principal are
paid off in equal annual or semiannual
installments throughout the period of
the loan so that at the end of the term
of the mortgage the borrower is out of
debt.
All loans under the Farm Loan Act
are made under amortization or install
ment plan. Since the borrower begins
paying off his debt the first year after
he gets it, and because a long time loan
is best suited to f arméis, borrowers
under this act are permitted to execute
mortgages to run from five to forty
years at their option.
Permission is given to pay all of the
loan or any part of it on any interest
paying date after the mortgage has run
five years. Borrowers are not permit
ted to pay off within the first five
years, because the money which they
have borrowed has been procured by
the bank through the sale of it3 bonds,
and bonds cannot be sold for a shorter
period than five years.
To give the prospective borrower an
exact idea of the size of annual pay
ments required to wipe out a mortgage
in a given period, tables have been pre
pared. The following table shows the
amount of the annual payment required
to extinguish in the period indicated a
$1000 loan bearing interest at 5, 5J and
6 per cent.
Term (years) Rate of Interest.
5 percent.5J percent. 6percent.
10 $129.50 $132.67 $135.87
15 96.34 ' 99.63 102.96
20 80.24 83.63 87.18
25 70.95 74.55 78.23
30 65.65 68.81 72.65
35 61.07 64.97 68.97
40 53.23 62.32 66.46
The use of the borrowed money is
limited to the following purposes to
purchase land or additional land, to pay
off existing indebtedness; to purchase
live stock or to make any productive
improvements such as clearing, fences,
drainage, buildings and machinery.
The object of amortization is to en
able a farmer to turn a mortgage into
an investment. When he can borrow
at a less rate than it. yields him he is
able to pay off his indebtedness out of
the profits of his investment. A long
time loan enables him to use his money
judiciously so that it will centribute to
increased value of his land and its in
creased producing power.
Heretofore formers have not been
able to borrow for long periods. This
discouraged investment in live stock and
for many other purposes because the
returns are slow. Short term loans
made a speculator out of a farmer.
So the farm Loan Act in addition to
providing a way for the farmer to bor
row to the limit of safety, induces him
to put his borrowed money to produc
tive uses and provides a way for him
to get out of debt from the profits of
the investment.
Thus the Farm Loan Act places with
in reach of the farmer the means to
help himself and stimulates his busi
ness initiative. The long time loan
with its small annual payments puts a
quietus on the terror of mortgage fore
closure. -7 Frank R. Wilson, of the Fed
eral Farm Loan Bereau.
Word from John W. Corbett is to the
effect that the Corbett's have taken the
Wilbur Dunlavy residence at 1124 W.
5 1 at Place, Los Angeles, while the Dun
lavy's are making an extended visit in
Trinidad, Colorado and New Mexico.
Mr. Corbett says he is feeling some
better but cannot get warm. He asks
us to have Juan Trujillo bring him a
load of piñón wood, so that he can fire
up.
COMERCIAL CLUB
STARTS WORK Of
Petition to bs Presented to County Board at
April Meeting
The Commercial Club of Mountain
air met last night, there being almost
double the number in attendance as at
the previous meeting. Reports on the
water question held the attention of the
body, the question being thoroughly
discussed. A proposition made by J.
H. Latham, who recently purchased the
well and mill from Mr. Sellers, to fur
nish water to those desiring to haul
water at seven cents a barrel at the
well, and to deliver water to customers
in town at fifteen cents a barrel, was
accepted by the Club. Mr. Latham
agrees to have a plentiful supply of
water in the tanks so there will be no
waiting on the part of those desiring
water. In return he asks that there
be no free water at the windmill. This
is only a reasonable request, inasmuch
as he must have a man on duty to as
sure a supply of water at all times, he
could not afford to pump the water at
these prices unless he supplies all that
is being used.
As to a permanent or future supply
of water the matter of bringing water
from the springs at Ciénega (now
owned by the townsite company), was
discussed. A committee was named to
look more thoroughly into the feasibili
ty of this proposition, and report as
soon as possible as to probable neces
sary work and cost, including the lay
ing of mains and pipes to convey water
to all parts of the townsite. Just how
this matter will be handled will be
1150 FILINGS
UNDER NEW ACT
Since January 2, when the 640-acre
law took effect there have been 1150
filings at the local land office, taking
up 550,000 acres of land and bringing in
the sum of $27,000.
This was the information given out
today following the sending of a tele
gram containing this information to
the commissioner of the general land
office who inquired about the results of
the new law in this district. He also
asked that weekly messages be sent
telling of the number of new fillings,
the amount of land taken and the
amount of money received.
It is not believed that the telegram
from the U. S. commissioner is an in
dication that Washington fears all of
the available land will be taken up.
There is still so much room for home
steaders in this country that it is be
lieved it will be a long time before there
is a land famine. Santa Fe New Mex
ican. Word from Mrs. C. L. Burt, who un
derwent an operation at St. Joseph's
Hospital in Albuquerque recently, is to
the effect that she is recovering nicely.
She was able to sit up long enough to
write a short letter to Mr. Burt last
Friday.
Warning
Boys are warned not to meddle with
the thermometers and rain guage on
the commons near the depot, as these
are Government Property. This week
boys were seen opening the shelter and
investigating the themometers. One
of the supports was found broken,
which these lads will have to make
good. Should the meddling be contin
ued, it will be necessary to turn the
boys over to the courts to say what
shall be done with them.
INCORPORATION
threshed out after available data as to
expense is at hand. The probability is
..i.ut a stock company will be organized
to handle the matter.
The matter of incorporation of Moun
tainair as a village was discussed and
the opinion of those present appeared
to be practically unanimous in favor of
incorporation. It was agreed that the
solving of the water question would not
be satisfactory until the town is incor
porated and authority vested in some
body to grant a water franchise. A
committee was named to prepare a pe
tition and secure the signatures neces
sary for the presentation of the mat
ter to the county commissioners at
their April meeting.
The secretary reported having re
ceived a communication from an attor
ney desiring a location. The Club was
of the opinion that a live attorney of
the right sort would find here a good
opening.
It was decided to hold the next meet
ing of the Club on Saturday night, Feb
ruary 3d, and try to secure the atten
dance of all the business men and pro
perty owners of Mountainair, as well
as as many farmers as possible. The
matters the Club is now working on
are of importance to every property
owner in town, and every one should
show his interest in attending the
meetings and helping to solve these
problems to the greatest benefit of all
concerned.
86 CARS OF BEANS
SHIPPED OUT
Another car of beans was loaded this
week, making eighty-five cars shipped
out this season from Mountainair. This
is a total shipment of 3,400,000 pounds
shipped from here, with a value to the
farmers of about $225,000.
Just as we had the above figures in
type concerning the bean shipments,
we learn that another car of beans is
being loaded, making the total eighty
six cars. The Independent's estimate
of one hundred cars shipped from Moun
tainair during this season will yet be
come a reality.
Two cars of cord wood are loading
for shipment to Belen.
Mr. Culberson brought in an immi
grant car from Artesia. He brought
several fine horses and a number of
good grade milk cows.
Among the cars unloaded here during
the week were; a car of flour and bran
for the Mountainair Lumber Company;
a car of hay for Mountainair Produce
Company; a car of shingles and finish
ing lumber for the C. E. Goodner Lum
ber Comprny.
J. A. Cooper, who left here for a
visit in the for eastern states, writes
from Springfield, Missouri, that he
found about a foot of snow practically
all the way through New Mexico and
Kansas. He has been talking with
farmers on the trains and is more con
vinced than ever that the Mountainair
country will pay better returns in
farming than any other section, when
the price of land is considered.
A schoolboy was asked to explain the
formation of dew. His answer was:
"The earth revolves on its axis every
twenty-four hours, and in cor sequence
of the tremendous pace at which it
travels it perspires freely."
REPORT OF LOCAL
WEATHER OBSERVER
Daily Maximum and Minimum
Temperature of Week
We have beon requested to publish
data regarding the weather, as reported
by the Ioeal observer 'of the U. S.
Weather Bureau. In the future we
will give the Maximum and Minimum
temperature each day, for the week
preceding, and such data regarding the
precipitation as is at hand.
Following is the report for the week
ending yesterday:
Jan. Max. Min. Range Character of day
Partly tloudy
Clear
On the night of the 21st one ar.d a
half inches of snow was recorded, the
precipitation being .13 of an inch.
Homestead Filings
The following persons have made
filings before U. S. Commissioner Han
on since our last report:
Leon J. Pohl, el nwi sec 84; swi nei,
nwl sec 33; swi swi sec 28, 2, 5.
Gustav A. Pohl, wj el, sei sel, e
wj, wj swj, swj nwi, sec 29, 2, 5.
Joseph A. Hamlett, sec 17, 1, 9.
John A. Valentine, sec 3, 1, 8.
Vernon T. Furman, e 1 sec 25, 8, 7.
si, sec 9, 2, 7.
Earnest Wood, wj sec 30, si sec 19,
2, 6.
Granville Powers n 1 sec 19; si sec 18,
2, 5.
William Osborn, nl soc 18; wj sec 7,
2, 5.
Frank W. Hill, wj see 6. 2,' 6.
ErneBt F. Gooch, sei sec 11; swi sec
12, 1, 8.
Burl L. Brown, sel sec 25, 2, 7; swi,
sec 30, 2, 8.
Herman E. Harris, si si, si sec 30;
ni nl sec 31, 3, 5.
Juan Aragón, si sec SO, 3, 6.
William J. Wyatt, see 31, 1, 9.
Joseph J. White, nei nei sec 5; nwi
nwi, ei nwi, nei swi, nwi sel nd wl
nei sec i, 2, 6.
Julian Chavez y Chavez, swi nei and
nwi si see 9; ! nwi and swi sc 10,
2, 6.
Manuel Brown, el nei, nei "ei sec 4;
nwi sec 8, 2, ó.
Eduardo Chavez y Torres, sai swi,
si sei sec 3; nei nwi, el sec 10, 2, 6.
Ysidro Sanchez, si swi sec 35, 3, 6.
Samuel G. Harrell, el sec 31, 2, 9.
Eugene Mills, w sec 28, 2, 9.
Byron R. Voss. nl sec 1, 2, 5; nwl
nei sec 10, 3, 6.
Luciano Ballajos, nl nl and sel nei
sec 10, 4, 6.
Robert Fain, nl sec 10, 3, 8.
Richard A Bruce, si nwi, nl swi, el
sec 17; si nei, nl sel sec 18, 2, 7.
Robert E. Hale, sec 19, 2, 9.
Valentine S. Anglin, sec 31, 2, 5.
Marion F. Hallman, wl sec 20, 2, 9.
Encarnación Garcia, sel, sel nwi, el
swi, swi swi- sec 32, 4, 9.
Walter F. Ridgeway, si swi, nei
swi, sei nwi sec 45, 3, 7.
Free Program for Box Supper
February 2, 1917
Piano 'Solo, Lois Hollon.
Recitation, Veda Cooper.
Cowboy Drill, Mrs. McNeese's Room.
Piano Solo, Rebecca Bryan.
Recitation, Francis Clark.
Folk Dance, Alice Hoyland's Room.
Reading, Hazel Doyle.
Piano Duett, Miss Corbett and Miss
Hoyland.
Reading, Bernie Orme.
Vocal Solo, Mrs. MeNeese.
Julian Chavez, whose farm is north
west of Mountainair, had about fifty
five acres in beans the past season and
threshed 58,000 pounds, an average of
over a thousand pounds ger acre.
18 46 23 23
19 43 20 23
20 44 22 22
21 36 10 26
22 87 26 11
23 32 10 22
24 34 11 23
COMMITTEE OF
-APPRAISERS CHOSEN
V BY FARMERS
By-Laws Committee Named to
frame Regulations
for Association
OFFICERS CHOSEN
FOR COMING YEAR
The board of directors of The Bean
Growers National Farm Loan Associa
tion met last Saturday afternoon at 2
p. m. in the room in the rear of the
Barber Shop for the .purpose of com
pleting the organization of the associa
tion and transacting such other busi
ness as should come before the meet
ing. Charles A. Noble was unanimously
elected chairman and Edgar Ingraham
vice president for the year James A.
Perkins was chosen secretary for the
meeting. J. N. Burton was elected
secretary-treasurer for the year.
Messrs. W. F. Martin, II. Holland
and R. Sellers were elected to serve as
appraising committee for the associa
tion. It was decided that the territory in
which we should do business shall in
clude all of Torrance courity and that
headquarters should be at Mountain
air. A committee , consisting of Messrs.
Noble, Ingraham and J. A. Perkins
was selected to draft by-laws by which
the association shall be governed.
The appraising committee will pro
ceed at once to the appraisement of the
lands of the applicants for loans, so
that we ought to be ready to send our
applications within a week to the Land
Bank at Wichita, Kansas, for consid
eration. New applicants are coming all the
time. We now have thirty applicants
and a total of $33,100 of loans applied
for. All who are expecting to join, or
are thinking of doing so, are requested
to do so at once, so that we can make
as good a showing of interest in favor
of the Federal Land Bank system as
possible, in the initial application.
Charles A. Noble
Chairman.
James A. Perkins,
Temp. Secretary.
En Lazos de Flores
El Lunes 29 de Enero, en la parro
quia de Manzano serán unidos en. lazos
de flores por el sacramento del matri
monio, la hermosa y virtuosa señorita
Piedad Chavez, hija de Don Julian
Chavez y su esposa, Doña Isaac Torres
de Chavez, con el joven Antonio Serna,
hijo de Don Placida Serna y su finada
eBposa Doña Josefa Sisneros de Serna.
Después de la ceremonia se tendrá
una recepción en la residencia de los
primeros, al poniente de Mountainair,
y en el tren de la tarde partirán los
recien casados a un viaje de boda para
Belén y Los Lunas. Ofrecemos a Iob
futuros y familias muy sinceras con
gratulaciones.
Box Supper
The Ladies' Aid have arranged to
give a Box Supper at the School Audi
torium on the night of February 2d.
A literary and musical program will be
rendered after which the boxes will be
disposed of. A good time is assured
and all are invited to come. The ladies
are requested to bring lunch boxes.
Thursday Afternoon Club
The Thursday Afternoon Club met
with Mrs. W. R. Orme January 25 with
eight members present. Music by Miss
Orme was followed by current events.
Mrs. Hanlon read a paper on our
Foreign Possessions, A business ses
sion elsed the meeting. Delicious re
freshments were served.