Newspapers / The Danbury Reporter (Danbury, … / Oct. 21, 1943, edition 1 / Page 2
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PUBLISHED THURSDAY! Tiie Danbiiry Reporterj Issued Thursdays at Danbury, N. C., and entered at the Danbury postotfice as second class matter, under act of Congress X. L. 1 epper, Editor & Publisher - - - E. V. Pepper, Business Mgr. National Advertising Representative New York s Chicago » Detroit : Atlanta : Phil*. ]Janbury, North Car., Thursday, Oct. 21, 1943 . e.'e.al Land Bank . educes Interest Rate On Farm Loans Action has been taken by the Loard of Directors of the Federal Land Bank of Columbia, acting in conjunction with the directors of the other eleven land banks, which will assure all land bank borrowers continued low interest rates and at the same time save the Federal Treasury approxi mately twenty million dollars in the next fiscal year, according to a statement received today by George L. Crater, Secretary-Trea surer of the Stokes County Na tonal Farm Loan Association, from Julian H. Sparborough, president of the Columbia Land Bank. "This action substitutes a 4 per cent, interest rate for higher rates on all loans made through our association except specialized loans," Mr. Crater said. Loans made by the Columbia Laud Barn through our association prior to W*hne, 1935, carried a rate of in terest ranging from 4 1-2 to G per cent. This action by tlio Laid 1 Bank has the effect of reducing the contract rate on these loai.s to 4 per cent, for the renaming life of the loans. Nearly all loam of The Federal Land Bank of Co lumbia made through this asso ciation since June, 1935, carry a 4 per cent. rate. "Since 1935, all land bank bor rowers have paid lower rates of. interest than provided in their j mortgage under Federal legisla-' sion passed that year. Legisla-1 tion authorizing the present re-' •duced rate will expire June 30, j 1944, at which time the perman- . ent reduced rate of 4 per cent, by the land banks becomes effective. , I This will make continuation of 1 the interest subsidy of nearly | $20,000,000 yearly by the Federal j Government unnecessary unless i Congress should determine to fix , a lower rate," Mr. Crater said. . The action of the Federal Land Bank of Columbia in reducing the where I sit. "Your outfit looked mighty fine because they're looking lb* in the parade," I told Ed Carey, things to be wrong but... well; our fire chief. "Everything pol- juat an ounce of prevention! _ t ishod within an inch of its life. The brewers' self-regulation and the men pert and snappy!" program is juat a form of vigi- ; "That's how it should be," lance that protects everybody.-; said Ed. "We have Thursday Like the fire department's m- ' turnout inspections... and sur- spections, it keeps things the prise inspections in between!" way they ought to be. That sort of supervision is From where I sit, most people , well repaid in the efficiency of approve of the way the brewaza , I our town's fire department. It's run things these days., like the way the brewers do in watch an the time, not © I*4l, MtfWINO MOUtrer KHINDATION. Hm* e«n«Mi timiilll { Ugv H. kill, SMt DirMtef. 40*407 huwsnw Mfr. G> mortgage contract rate guaran tees borrowers through our asso ciation that the interest rate on these loans will not exceed 4 per cen throughout the remaining life of the loan. This rate is the low est at which our farmers general ly have ever bee'J able to obtain long-term mortgage credit. "Refinancing of higher rate bonds issued by the twelve land banks, and economies in opera tions, made it possible for the banks to voluntarily make this interest reduction. These sav ings are being passed on to our borrowers thereby fulfulling the objective of our cooperative cred it system to furnish long-term credit to farmers at the lowest possible cost," Mr. Crater con cluded. GIVE FREELY, LIBERALLY TO THE WAR RELIEF FUND! Send in your news it ems to the Reporter; news of your son in the service, parties, illness, about your' friends. [STUART | THEATRE [Stuart, Virginia Friday and Saturday, Oct. 22-23 "MEN OF TEXAS" | Robert Stack Ann Gwynne Also i "HI YA, CHUM" | Rits Brothers i S: nday and Monday, Oct. 24-25 ' LIFE BEGINS AT 8:30" ; Monty Woolley lda Lupino I 4 r. __ ! Tuesday, Wednesday and Thurs day, October 26-21-28 i "SHADOW OF A DOUBT" Teresa Wright Joseph Cotten Also News mSßßtOßßSMnSSSSSßSSSKSmammmmmmam^mmmmmmm* THE DANBURY REPORTER HURRAH! HURRAH!*"! —CELEBRATING— 1 Capt. JOE HELSABECK'S I HOME ■ COMING WEEK BEGINNING | Tuesday, P. M., Oct. 26 Through Oct. 30th I WE WILL HAVE THE A. B. & B. ATTRACTIONS ON THE LOT BETWEEN MEADOW SUPPLY AND J. RILEY TURNER'S STORE, CONSISTING OF MERRY GO ROUND, FERRIS WHEEL AND 4 OR MORE OTHER RIDING DEVICES AND A HOST OF OTHER SHOWS AND CONCESSIONS. —SPONSORED BY Neal Boone Post No. 197 I American Legion. I The Danbury Reporter I —WILL BE I $2.00 a Year After Dec* 1 I I To Meet Higher Cost of Production I On account of the more than 200 percent increase in the prices of paper, ink, type, labor I I and all incidental?, the Reporter is compelled to increase its subscription price from SI.OO to I f Everything has advanced tremendously owing to war conditions. Paper is now very I r| scarce and hard to get at even the highest prices. Labor, type, ink, postage, groceries, to- I I bacco, clothing, shoes, salaries —all items of living cost are up and climbing higher. AFTER DECEMBER 1, 1943, the subscription price of THE DANBURY REPORTER I f II will be advanced to $2.00 a year, and this strictly in advance. The Management after long consideration adopts this departure, which is necessary if I ONE DOLLAR A YEAR, THE PRESENT PRICE, IS LESS THAN THE i COST OF PRODUCING A WEEKLY NEWSPAPER! I TAKE ADVANTAGE I New subscribers and renewals will be received until December Ist at the present price of I i I SI.OO a year, but not over 3 >ears ahead. If you are a subscriber and behind, you may pay I ! lup to 3 years ahead at SI.OO per year. After December 1, 1943, no subscriptions except at I ] I the rate of $2.00 a year, or SI.OO for six months, can be accepted. • I We are trying to adapt ourselves to new conditions and conform to the rulings of the I I postoffice department. We hope our readers will understand and co-operate with us. I IN ADVANCE I \ Postively no subscriptions will be carried on credit after Dec. 1, as the government will I I not allow us second-class mailing privileges on delinquent subscription. We are allowed I I the second- class mail rate only on Bona Fide subscribers. I THE HANBURY REPORTER I W DANBURY, N. C. t ' SH Thursday, Oct 21, 1943.
The Danbury Reporter (Danbury, N.C.)
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Oct. 21, 1943, edition 1
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