SECTION ONE—
Conservation Loans
Are Now Available
For Eligible Farmers
Applications Secured at
FHA Office Located j
In Hertford
Soil and water conservation loans
are available to eligible farmers in
Chowan County, E. F. Morgan, county
Farmers Home Administration super
visor, says.
The loans may be used to carryout
measures for soil conservation, water
development, conservation, and use,
and drainage. This will include the
construction and repair of terraces,
dikes, ditches, pounds and tanks, the
establishment and improvement of per
manent pastures, basic application of
lime and fertilizer, tree planting, well
drilling, and the purchase of pumps
and other irrigation equipment.
The new loan program was made]
possible by legislation recently passed,
by the 83rd Congress.
Soil and water conservation loans
may be made from funds si:’” lied bvl
private lenders and insured i '
Government or from funds atm: > i hit |
ed by Congress, Loans- from annro-J
Printed funds will be made only when;
insured funds are not available. Loans,
either direct or insured, will only be
made when the. applicant is unable to
obtain the credit he needs at reason
able rates and terms from other sourc
es. The Farmers W'mo.-Administra
tion'. is authorized to insure -.loans Up- to
a total of $25,000,000 e*<eb fiscal year.,
Tn addition, for, fiscal "'55 the Con-1
gross appropriated $11,500,000 for this,
type of assistan -
Anplicatiops. for all loans.; insured,
or direct. w : ’i bo made at the coun
ty office of the Farmers Home, Ad
ministration located on the second,
floor of the Hus Station hnOdinsr in
Hertford. Also the County Supervisor
is in th-‘ ASC Office in Ed niton each
Wednesday 9:00 A. M.. until 12:00
Noon.
The 2-member county committee of
the Farmers Homo Vdm joist —vt ion
Will certify the eligibility of appli
cants. Applications from veterans
will receive nreference in processing.
Loans will he made to carry out
only the types of soil and water con
servation lira ni—— am in accord
with the. recommendations made by
the. Extension Sm-vice and the: Soil
Conservation Service.
Soil and water cor ■ ■rvriHoii. 10-ns
will not he available for annually re-;
rurring costs that are generally con
sidered as farm operating expense.
To he eligible for a soil and water
conservation loan, a farmer must have
sufficient experience or training to in
dicate that he has reasonable pros
pects of conducting successful farm-
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KENTUCKY WHISKEY* A BLEND
M PROOF. 70k GRAIN NEUTRAL SHMIS. SCHENLEY MST, NHL, FRANKFORT, RR,
Page Eight
i ing operations and be unable to ob- (
tain the necessary credit on reasonable
terms and conditions from private and (
cooperative sources.
Non-profit associations such as in
corporated water associations, mutual
water and drainage companies, irri-
I gation and drainage districts, and soil
II conservation districts are eligible for
a loan when they are unable to obtain
J adequate credit elsewhere and meet
t certain other conditions. For exam
| pie, associations to be eligible must
ibe primarily engaged in extending to
their members services directly relat
ed to soil conservation, water conser
i vation and use, or drainage of farm
land.
The loans will he scheduled for re
payment Within the shortest period
consistent with the ability of the bar-*
rower to repay. No loan will lie scbed-i
juled for repayment over a period |
which exceeds the useful life of the,
improvement or the seruritv. which
ever is less, Tn no case will the re
payment period on loans to individuals
exceed 20 years. Loans to associa
tions will he- repaid on the same basis,
as individual loans hut in exceptional
eases, can be amortized oyer periods]
up to 10 years. Each borrower will
Ibe required to refinance the unpaid
|'balance of his loan when he is able to
obtain a loan at reasonable rates and ,
terms from other sources.
Individuals can borrow up to $25,-
1000, It .is expected that the average
.Item to a farmer wilt be less than $5,,
j 000. Water facility .loans last, year
I averaged $ 1.500 loans to assoeia
jtions have a Ceiling of $250,000. All
loans will b,. secured by the best lien
obtainable on chattels or real estate
to the extent, neeessarv to adequately
jiroteet the Government’s investment.
Applicants will obtain whatever
r.vchpieal, assistance they need from
the Soil Conservation Service, Exten
sion Service, other "genci.es. individ
juals a: -T firms. Technical assistance
of this sort from the; Farmers: Home
] Administration W-itl; he limited to a re
view of the engineering and. economic
• soundness, of the imn'W-iments to he
financed. The Farmt tjmne Admini ,
stration Will also take; whatever steps |
are necessary to make sure that loans j
are used f m authorized nur’>oses and !
that the "(instruction carried on with
loan funds meets required standards.
I, When necessary, farmers who use
loan funds to finance major land ad
justments and extensive reorganiza
tion of their farm business will re
ceive assistance from the county su
pervisors of the Farmers Home Ad
ministration in the development and
execution of sound farm and home
plans.
Departing Preacher
Praises People
Just recently the Rev. H. G, Gallo
way. pastor of Kadesh A..M.K. Zion
Methodist Church, was transferred to
Hertford. In leaving Edenton he had
this to say:
"For ovei:, two' years we lived and
worked with the people in Edenton.
THE CHOWAN HERALD. EDENTON, N. CL THURSDAY, OCTOBER 14, 1954.
Those two years were spent with the
i' colored and white citizens of the town.
1 I have traveled east and west, north
j and south and in no place have I
'found the people more congenial and
I easy to work with. The white citizens]
of the town are among the best to be
found anywhere.
I can truthfully say that in the two
and a half years I served in this
town not once did I have a cross word
spoken to me, nor I to anyone. In
leaving, I pray God’s blessing on the
entire citizenry of the town.”
Results Observed In
Corn Demonstration
Yields have been obtained on a corn
( variety demonstration conducted with
I Sidney White of the Enterprise com-
I munity. Mr. White applied 400 pounds
’of 6-6-12 fertilizer per acre at plant
ing time. A split side-dressing of 700
pounds of 14-0-14 was applied near
I the last cultivation time. All yields
| were adjusted to 15% per cent mois
ture.
The best quality com was observed
in G-779W, Coker 811 and 911, Dixie
• 17, 18 and 82, G-714A, G-710, NC-27.
29 and 31. These appear best for crib
bing. The earlier varieties show up
well for early bagging or early har
vest !
Why am I voting to continue
Nickels for Know - how?
J ./
I like a bargain!
And that’s just what Nickels for Know-How looks like
to me. I have problems that agricultural research and
education can solve. I don’t know of a farmer who
hasn't. Alone. I can't afford to pay for my own agricul
tural research and education: but if 1 put my nickels with
vours. we can buy at a bargain the know-how we all need.
That's what we’ve done these past three years. We’ve
each contributed a nickel for every ton of feed and fer
tilizer we bought. Our money has paid for new agricul
tural research and education in 3S ‘fields. The projects—
approved by the farmers from every county who repre
sent us on our Agricultural Foundation at State College—
are solving problems that hold back all of us. I think the
answers I’m getting from these projects are well worth
the few cents a year they cost me.
If you use feed or fertilizer, you and your wife or husband can vote for Nickels f r
Know-How at any polling place in your county on Friday, October 15. If ycur children
buy feed or fertilizer —as most 4-H’ers, Future Farmers and New Farmers of America
do—they can also vote.
IN THE INTEREST OF A BETTER FARMING FUTURE FOR OUR PEOPLE, THIS
ADVERTISEMENT IS SPONSORED BY: J
Leary Bros. Storage Company
j DISTRIBUTORS OF
SMITH-DOUGLASS FERTILIZERS AND GEO.TAIT’S SEEDS
Phone 152 Edenton, N. C.
f Farm AtAuction ]
T To settle estate, W. P. JACKSON-JENKIXS FARM, Durants Xeck, Per
J quintans County, Xorth Carolina, for sale by public auction. *
1 614 ACRE TRACT— 2OO ACRES IX CULTIVATION’ AM) PERM'.X- J
; f ENT PASTURE —in high state of cultivation. Two story colonial dwell ng
| and outbuildings in good condition.
5t TIME OF SALE—II:OO o’clock A. M„ November 6, 1954.
PLACE OF SALE—At farm, Durants Xeck Road, five (5) miles East
1 1 of New Hope. ]
e TERMS—Cash.
1 DEPOSIT—Ten (10 f / f ) per cent of bid. ' i
< UPSET BlD—Bid subject to upset within ten ( 10) days after sale. j
J POSSESSION—January 1, 1955. * J
I INQUIRIES —Direct inquiries to Godwin and Godwin. Attorneys. Gates*.
9 ville, North Carolina.
1 (MRS.) ELLEN BARCO, EXECUTRIX, ' j
? Last Will and Testament of
j W. PAUL JACKSON, Deceased. ]
An -ther reason we are voting for Nickels fur Know-
How is a matter of pride. We want our children t< know
their daddies are willing to do "a little hit extra" when it
colp.es to helping themselves and their youngsters, That’s
what Xickels for Know-How is—a program of self-help
in the American tradition. We are encouraging our chil
dren to vote. tod. They are the ones who will be enjoying
the fruits of this research and education in a few years.
There are many other reasons, but mainly I’m voting
to continue the program we started three years ago be
cause research and education has helped me earn a 1 e‘ter
living. I believe it can help me even more in the future.
Just think what it would mean to all farmers if we could
lick this nematode problem! That’s just cue of the 38
things Nickels for Know-How is working on.