Newspapers / The Cherokee Scout (Murphy, … / March 16, 1923, edition 1 / Page 6
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AGRICULTURAL r CREDITS ACT, 1923 By HENRY C. WALLACE. Sain. tary of Agriculture. On the last day it was in session Congress enacted the AjfricuUural Credits A t. This act is designed t ? the farmer the sort of credit >e needs to produce efficiency and market in an orderly way th prodocrts rf the farm. 1'. : ? an cffer* "by Congress t.r meet a need which "has been felt for a* least f:ftv year* The act n ay not he r rft ' Quite | possibly or: pe .donee w " show :he need of amer.dmci - t'rom *.nv thnr. Hat it furnishes the has for a syterr- of intermec ' - .lit : * not T farm "*?.':* n :.-u3 f.?rm needs. Also it hould br . about a reduction in the interest whi< a, farmers to\j: ?v " > \ *" -w -mL TV,- net ' f? ' irt*. ' a the fir t v -v. re-re nt ngene . for hand' ir agncauur^i mans. in tr.?* second it. authorises the rganizat >n - r prl-, vato agene < under government supers - 'i f >* n'.:i'\:r:g ' tit:* livestock and on " rm ce*nme<!:t\> on the way to market. The irovc nn *".an a. !:vt:o? will be ra- ed u jn , ,. - v. eh the Federal 'and banks. \: tl. res 4 * * country - : . MnHHMnS^SM I tr et - there :< h Fed--al .* d . )?ank. which land in -* :oan-. these twclvi bur .- h* * ! reeled by a central *F? ; t;i! Farm | I .oar* in Wn-ii.- :> Tn ' connect ??n with ?h? u I Panics there ss r ratrrmvd';:' cord a?ik, nted r 1 the ann* : > w ' >? bark ttttO : ur?:- r th % and d'rectors f th? land TV ~ theSf in'.or ed: re bank w'V ? La) of n ' > \ i "n.000.000. Thwi' intemu 1; te ere.lt banks are aother'rsed t dt i omit ". irniers* which h?- n tub -n by banks and t>ther f t :;nc a! ir. t;' a*. -a:: i then REMEDY - rC* THE fttUtF OF Coughs, Colds. Croup whooping cct"?" hoarseness BRONCHITIS -SOLO everywhere- , PUBLiC SALES We }i?v *:urcna.ea 122.000 pair of U. S. Army Munton U>t shoes, sixes 5 1-2 t-? 12. wh ch was the en '.rc surplus .".ck of one of the largest U. S. Government shoe contractors. This Shoe is guarantee f one I"uid"d per cent sol* J leather, color dark tan, bellows tongue, dirt snd waterproof. The actual value of this shoe is $6.09Owing to"* this tremendous buy w? can offer same to the pub c at $2.95. fSend correct size. Pay Postoran on delivery 0r send money order. If shoes are not as represented we will cheerful!v refund your money promptly upon request. t national bay state shoe jf-'vr COMPANY -296 Broadway, New York. N. Y. ATTENTION, PUBLIC! PWe hare leased the Tilton Shoe Shor, located in the Griffith Building. and nre prepared to do first-class Shoe work. All Work Strictly Guaranteed our Patrooago Will Bo Appreciated m ELLIOTT & HANEY ?" can carry such notes for a torn* ot ' from six months to three years. The ' banks may also loan direct to farmers' co-operative associations under conditions set forth in the act. These inte. niod :?te credit banks may issue debentures which will have back of them the farmers* notes whicjj the bail's,- have taken. The idea is that these debentures may be sold to people who wish a , ife inve tment. They are exempt from taxation, just the bonds Is- ; sued by the Federal land bank- arc exempt. The interest charged b> he intermediate bank not it t ?-ed by more than cent the , ntere-t r>' d .... debentures ls-ued farmer wh ? borrows . tot be charged an interest rate . * more th:.?i one and one-half percent above the interest charged by the inlermetiiatt. credit bark. No doubt -,-nie time vx be required to get th. machinery in - moo! h w. i rk; r. g o ?'di r. It Will be just like building up a n w business. It should J".i t be wry long, hows ver, urtil the benefits ^ dl he apMirentjl and trie farmer w.i" find that he c.i:i rr-'\v a capital : ?r a period up t three yeeurs without having p?y -n unduly high interest rate * without hav nir to renew hi* note \ v : ety d*;- or -,\ months. one wtti.v . I> :nir in danger of having I rifice hl? cr tps *>r livcst * - *ca a -\ ! i n fir-win' f.u. ryTr . cond d v ion f the not a.;- j in ! ./. > > the ?? -:i- .vit'or.. undo | Ft in ;! charter, of nnti an! agri- I cu'tural edit cor/ .;attonf^ Tin- o >T'. 1 p: .ate capital. T'r.t\ will be une : the ^upervlsioT J ' onpt roller of .he t'lirci: . i st a nat*t?na! banking . They lurt h;n> a ap - j at 1 a t $2e-V ?0. Th > ' *-?d trust ?!. b? n tares : : *im > th ir :i; ta land -?tr. > . h core.-: at. ?!u will pvobably .ran r- i in the W rr .State whe'-t, hvest k industry . .m; n't ant and where tio'.v loon ompanie. arc i;i of .era! ten. In addition to th. p?..\ r - .?* , des : vi to :a nish t'ar- | cnm n rt? n changes hav,. been made the law under which the Federal .atol hanks operate and the F? I ra! R<&crve Art. Pr . * n f .* the establishment of the so-r.. led per- i mar.ent organization if the tv.elv Federal land bank is madi by pn . oiir.g that three out of the sever. ; director are to be appoint d ! y th Federal Farm Loan Bureau. The sivio.th dii-uct r. \\k.. will be :?re : dent of the board, will be chosen from three per ons wh haw- rrceived the highest nomination \ >:c? for this positron bv the borrowers o.ivholders ia the bank. Heretofore the maximum anvmr.t which might be loaned to any md*vidual by th1"1 Federal land banks has been $10,000. This has b-pn increased to $Jn.000. Also the purfor which mortgage loans maj ve made has been broadened to iniude the repayment of any existing indebtedness. The Federal Reserve Act in amended by broadening the delimuon or; what is called agricultural paper. , making it include the grading anu processing of agricultural products by co-operative marketing associa- j tions. Heretofore the Federal Re- i serve Banks have not been permit- j ted to discount agricultural paper for 1 a larger period than six months. This period has been increased to I nine months. A large number of state banks are now nvmbers of the Federal Re j serve System, some of them because the?r capital <5 not large enough to j meet the requirements of the law. An amendment tothe Federal Reserve Act is carried in thi sbill designed to encourage small bank* to join the system. A bank which has capital equal to sixty per cent of the capital required of national banks may now be admitted, if within a reasonable time the capital w?ll be increased t*? correspond with the capital required of national 1 hanks. The life of the War Finance Corporation in extended up to February 29, 1024. the expectation b'-ing that by that date the new credi* facilities provided for under this agrirulturai credits act be sufficient to meet the needs. This Agricultural Credits Act of 1923 is one of the most important acts passed by the last Congress. It iqsriu an earnest effuri io provide the farmer with the sort of c~ed;t \ THE CHEROKEE SCOtTT MUf REGAINS LIGHT HE !i ??????? !r 4 GENE TIT! r t 3 by defeating H - y iloft), w!: f,ft<v'n J -.: .! of the hardiot fiub \sr-\l TT^? T T/~N i wui\ nw. TC Worr. fcr your cw Beautify it. impr. tive. The world war an the Polcctive Tariff ; important subjects, I cleaning up the worl your ov n dcor steps! The best advertise is the town you live i Towns get repuia Make your town tall will thus draw peuph pie come there io pro Rid your town cf c er. Clean up the vac i vi ? i HI grtlUCllo. 1V1UKC < grace. Make public those who will not h< Daily Market New A Posaib Radio Receiving Equipment i Farm Houses Will Bring Crop Prices to Farmer's Very Ear. Radio has presented to the wor the possibility of putting an end Us 1 so la tad farm. No matter he far from cities the farms may be. thi need no longer be out of touch wi events, with the latest neTvg, esf daily the latest market news. The farmer who has a radio recel ing set in his fsrm house can obta i the latest information about mark prices ior his crops. He can chta this Information daily?or rath nightly?Just in time for him to pt pare his plans for the next day's opt ations. What are the c!ty markets payl | for wheat, for potatoes, for turni] for lettuce, tor nee; nui l*< yi. j last week?which is sometimes t beet hie weekly newspaper can gl him?but the price thet very day. i moat thet very minute? | Put on your radio ear-piece a i 'listen in." The red Is win tell 7 heee very things, these marl I prices, while you listen. NeVer before was such a thl j possible. Therefore, it is small w< der that radio prophets predict t speedy day when all progress! farms will be hooked up with t ' rest of the world by radio. It a mi cold cash la the farmer's po> | SUBSCRIBE TO YOU he must have to carry on efficiei !;. It is set T results will be helpful to business .^.1 tPHY. NORTH CAROLINA AVYWEIGHT TITLE . I i M no-' i\> i 'g:.; hcivyw ;rht t t'.i i niii- ihe match by dccVon aftc: ting he has ?\cr experienced. ME #1M )WN FIRST n tc wn. ove i*. Ma .c it ntlracd the ["reaty of Peace, ir.d nil such things, are >ut what's the gcod of J unless you c.vccp mcnt of v:ur business in. tions, as well as men. i all over the State. 1": And where the prosperity. >ne eyesore after anothant lots and plant them i cluttered yard a disopinion too hot for F L.i;? T: -ip. * i uiirkiiii A wiico. s for Farmers >ilitv Through Radio et. for information of the sort men IP | tloned dmsds money if it can be promptly received, i The experiments made by WOT. th< big radio broadcastIng station of tbe General Electric Company at Schenec j. tadv. N. Y.. in sending out reports on ' i markets, beginning with stock mar to _ . L.. _ , . ^iiwMlUUIUI, auu WIV?UCHIU| IO 111 clq?e other markets, bare been And ing a farorable reception. As time ^ goes on the demand will doubtless increase. And tho service to be giv , en will be further broadened to meel j " the call fqr it. The radio will give the farmer what be has not previously been sble ? n obtain?s semoiance of a dsiiy news ^ paper. sr-1 Japan Likes Electricity ng I fa 1903 there wr e 900 electric llghi >a, i and power companies ia Japan, delir ce I ering *0.000 kilowatts of energy; ti he' ISIS there were ?,400. 4e!!ver?aj to 11.820.000 kilowatts. In this ui.-si.er o al-' electrical growth Orient and Occiden are alike?and extension, not limits nd tlon. is the diplomatic watchword. on ;et Improving the Dolls Japanning oreai. electrically heal ng ed. are now used by numerous autc an- mobile factories, as well as other la he d us tries Such oreas will bake aaj It# thing requiring the treatment, froc he cores to dolls' heads. The race o rill dolls especially Is Improving b/ *ie< ck- tries 1 treatment. fR HOME PAPER?$i.51 it- general, because teh effect will fc ho1 to stabaliae agricultural productic ir and marketing. r . htttiti f''ii jifgihrii t ij iii fjhii BILL BOOSTER SAYS */?\OueST, \ FEE*. SORRM FOR GOME PEOP1E IU WW 1 \AJV40 A.IUT M?\J LR =>A-aSF??P VUlW AUMTVMUG*. \'m B.PRAVO VJHEVJ TVtEH GET -EO HEAVEH, WES ?WT GOlUG "TO UVE. ? WERE." >- ? GOO K.ME> I V 0^-11 ~~ ' I HwStsJ 3SS3 ; I 7 j j?SVESC.IIBE TO THE SCOUT 1 nt n a r? I ?Will close the sec< those who plan to gr The Dixie Growers Al! those who plan tr SEEDS should have that time. This is th tunily for those who sociation to secure t tei cl instructions, etc the maturing of piai date?March 20th. fl ? Cut Out and I OOOOOOO |? O Dixie Growers s S o Murphy N. C. IO O Dear Sirs: O I hereby appl O \Xliite Burlev T O also aid in planni O Tobacco Crop, a O crrr?w anv snpril w e?? '* j -i O bacco. ? V, O Name O O Addres O O Route ' O How muc h and O you expect to j O :| ooooooo Ij :j The Greer Daily New Is recognized as th< i It gives a news servi 1 I torial page is always ' II incz. Indenendent in and views from evei t f On its rapidly are the names of the ^ ward-looking citizer i- without this newspa I subscription. !, Six months, Daily a Six months, Daily w J | Greensboi >n * GREEh r , I Fri^y. March !?.]?>. ~ Ogreeta + | I , + t ******_*** * * j J I l The weather is very aire now. I 1 The people of ou/Sectton arP busy hauling crossties the*e days. Mr. and Mm. Fred Tyler visits rMs. Tyler's sister at Hangingdo* Saturday and Sunday. Mr. John Floyd, of Vet-*, made a business trip to Mr. G. M. Hal]'* one day last week. Mrs. Jim Tyler visited her v ?te* Saturday. Mr. Tommie Floyd visited his brother nt Vests Sunday. Mr. Charlie Carroll was a plea*, ant caller at Mr. Tyler's last week. Mr. Charlie Floyd i svcrv ill this writing. Mi Charlie and Tommio Floyd :i".l Millard Johnson had 9 BPL. l MaHHTV *"??! time fightng fire alst Sunday n:eht which was set out by an unknown jiisi-n, the thetr tracks w re ?tiii there where the f;re was caught at. - Mr- Janc Flody visited her son at Vests l ist week. f 1 oaTTI I n ^uin jj 1 sewing season for all ow a tobacco crop with and Shippers Associa> sen in orders for FREE their orders in before J last notice and epporwant to get into the Ashcir seeds and guaranWe cannot assure its sown later than this Send at Once! OOOOOOOO O ird Shippers Asso., O O O H BfSi ? y for Free Large O obacco Seeds and O ing and growing my O ind 1 do not have to O Fied amount of To- O O r\ - 8 s o I ? I Box No O I ? I >ut in O ^ O oooooooo isboro s s state's best newspaper, ice unexcelled and its ediclean, broad and interestpolitics, it presents news ry angle. growing subscription lists : state's best and most foris. Can You afford to be iper? Forward your trial nd Sunday $^50 ithout Sunday, $3.50 'o Daily News ISBORO. N r ' i'j
The Cherokee Scout (Murphy, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 16, 1923, edition 1
6
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