Newspapers / The Asheville Times (Asheville, … / Dec. 27, 1917, edition 1 / Page 4
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PAGE FOUR THE ASHEVILLE TIMES THURSDAY, DEC. 27, 1917 i- k spn ; Tro l rail con adv it of ( wer ' wer ; ii tUl - WW IT . Coa Nor clfii Nev .:. Nas Che dlai oth. ii an ' ; two Ins ' Bint : t . lng ' reci H TOO! reai ' N i : ' mai . ope ! poll wit! ; Tra ': the the The Asheville Times ASHKTrXJJCS LITEST HKWBPAPXB rakBa Brary Day to the Tmi. ASHarUXJB TIMES GO reMMara. M E. OaUes MMt, AakavMe. H. 0. MEMBER OF THE A. B. C. sUBSCRtrTIOKS By carnar. la Aho 111 anil uburt. 8vn day ta wa BTvenr aftmc-n exrnt Siinrt.v s linear norstnf. On mk, .1 Mnta. On moola, enta. Thro month, $1.14. Six o.ontha, J.6. on yar. . WUBWRIPTIONM Hf mall, etlM'S Aeaevlll' Bra day ta the areb Rvery aftaraooa xnpt Sunday ana vrf Sunday morula. On moHlh, 49 oanta riir mouths, IL ala wonth. 11. On year. 4. TELEPHONES..." Business department. ....... 4 202 News department............ 201 General Manager. .......... .1204 Ed Itor-in-Chlel .............. 1 2 04 Entarad a second elaas mattar. Associated Press Leased Wire Service. ?h Aaaeetat Praa la irluitvely n tltlad to tfcj un (or r-publloatlon or all new rradlt.d to It or not otherwl eradltad In this pap and alo ta looal nw published herein. All MaUta ( republication t peolal tlapatcb bvreln are alao wiriit ""Thursday, December 27, 1917 wit: poi: i moi J. enc i Jncl I R1PPUNG RHYMES Bj Walt Mason goo Th ; Inn -cue i eno ml Mn V itri I C f ROM i the t das prii ( flgti ! 1.2i foil CHRISTMAS GIFTS. Pre done my stunt an Santa Claus; with horse-hair whisker) on my jaws, I ran the Christmas tree; and all the Christmas gifta In sight were reminis oent of the fight that's on across the sea. My little girt, Evangeline, drew down a large tin submarine, and never raised a .bawl; she said this instru ment of crimes was more In keeping with the times than any sawdust doll. The baby drew a cartridge case, and happy emiles lit up his face, where 1 expected tears; Aunt Sarah grot THE LATEST MOTE. As expected aad predicted during the past several weeks, the national government, by proclamation ot Pres. ident Wilson, will assume control of the transportation Unas of tha eounr try, with tha exception of local lnter urban electrto companies. This action Is purely a war measure and President Wilson i makes It Tory clear that the interests of ths stock holders will be fully protected and that Congress will arrange for guar anteed earnings. This action suggests an opportunity for the believers in governmental ownership of public utilities to wit ness the Working of their plan and yet it does not necessarily portend a permanent condition. But when the war is ended and national affairs have again become normal who can tell what will transpire? Just at this time, however, with the absolute necessity of the most eco nomical administration of the trans portation problem, when every pound of motive power and every inch of rail is needed in order that the muni tions of war and army supplies shall be promptly handled and that the needs of the people here at home shall be as fully covered, it seems wise that some plan should be devised whereby the railway systems could be co ordinated to the extent that there be no wastage of transportation ability. When the atmosphere is pregnant with possibilities of strikes of em nlovees. when labor seems likely to pHiise the nation embarrassment, it may also prove advantageous for the government to be in control. BITS OF BYPLAY By LUKE McLVKE Copyright. 1217. b The Cincinnati Enquirer. Ton Know Htm, A raretera spendthrift Is young Tom, Ills friends are always vexed; The way he measvros time Is from one pay day to th next Paw Knows Evprytlilng. Wllltej Taw, what does casting your bread on the Waters meant Paw It means buying a drink for a man when you know he will buy you two or three In return, my son. Foot. "You get short weight from many men, Short measure, too," said Hubbies; "Hut all men give full measure when They start to trading troubles." Not a Bit Journalistic. "Why did you fire that new report er'" asked the Managing Editor. "I sent him to cover a social session and lunch and he failed to say in his story thut a bountiful repast was served," replied the City Editor. So Clisnce, You may consider this Joke poor, But I'm right here to say. That while man may be slow but sure Mis watch can't be that way. . The Champion Menu Cuss. no was tne meanest man you ever knew?" asked the Old Fogy. "Well," replied the Grouch, "he was the man who had this epitaph carved on his wife s headstone: "Tears Can not Restore Her Therefore I Weep." Advice. me thing you should "Big talk is i shun," Advised old Uncle Hood; "It's easier to boaet. my son, Than It is to make Rood." aro flashing blade and said for that she'd prayed and prayed for many weary- years. One kid received a bright tin lance, and one a steed that couldn't prance, because its lees were oak; and there were soldiers made of zinc, lieu tenants blue and colonels pink, and othr warlike folk. There was no sign of peace On earth, oh, nui a'bogui nickel's worth upon that Christmas tree; my grandslre drew an aeroplane, and said a gift more safe and sane he surely ne'er did see. And e'en the candy stuff was wroupht in shape of cannonball and shot, and bomb and hand grenade; and as I ply my creak ing1 pen I wonder if !?ood will to men must Permanently fade. Sidr too I Poi Ian Am Am Ant Alt Am Am Ate Bal Bal Bel Car Cei CORRESPONDENT SHEPHERD. Wniiam G. Shepherd, war corre spondent and special writer on the staff of the United Press, Is a welcome visitor to Asheville. Those who have Ch,1 enjoyed his thrilling war stories print ed in The Sunday Times, hope that Mr. Shepherd will enjoy, his rest of these few days while he sojourns at Grove Park inn. Mr. Shepherd is one of this coun try's most interesting1 characters, and because of the fact that he has spent many months, since the beginning of the world war, in the front line, he Is In, even more entertaining as a writer of JJi war record. jot In his address to the Rotary Club Ms today Mr. Shepherd did more toward Me making1 the Rotarlans "mad all ui throug1" than any speaker who has Ml touched war conditions the past year. Nr Chi Chi : Ch: col cor . Coi CM Cu Erl (e ?Gn I N r No WjUTNING ANOTHER ISSTTE. xjo' Recently a conference was held in : Oh i yrashlngton and representatives of ! " Jjioerty jxian organisations met with i officials of the Treasury department ; fte to aiscuss tne plans ror future Liberty i Re Loan campaigns. It was determined j om to complete an Organization, wider ' RoJ; nd yet Closer In compact than former : stu organizations, it is proposed that in I Tot the future campaigns for the sale of f Liberty bonds, the rural communities j yn i and smaller towns and cities shall be j TJn l mora effectively reached than In tha i v. : two previous efforts. L. Uni One of the offlolalg present renrnrk- jrt ad concerning the failure of rural Wli communities to subscribe liberally and f wlt was explained that this condition Ia aWM not due to less patriotism but i ui(l rtnr t0 'act Of thorough organiia ! Atj tion and Intensive campaigning-. It t u was proposed that educational work, ! Bg through the schools, the women's or. j Un, anlBationa and svwy other agenoy i. Vlti be atressed and that tMt work con j 0! tlnu between campaigns rather than m j simply during the time when the bond I j "u"s wer being sold, More than i j ona hundred delegates ware present at l . tha nr.nn. ,,4 u. v, ' oharacterlied by ehthualasm, patriotic j expression and earnestness of purpose, ,trt The men who participated In that Jai, oonfernc struck center, The psepls of the rural districts ar equally a ju! trlotlo, but the former Liberty bend Onj campaigns have not Bueoeasfully reaoh t d the mac of the people, It takes time and men to properly educate and taaoh the peep! the necessity ef loan i J in their "little" money to the vern , ment, bat i)noe tne Impression Is mad, Si ; the national trWsury will end a steady treodn or flollam nomlaf (real ths .V 1 c , rural dlstrless. THE MESSAGE FROM BETHLEHEM Yonder in the trenches, facing the Prussian force of blood-mad and ap parently ; un-clvllized brute beings, there Ik. an army of British, French and Americans. : On the one side there Is a desire to destroy, in order that a national em blem may float over a larger territory and more millions of people be en slaved under the "black eagle." On the other side there is the purpose en tirely opposite. The desire of the men who face the German army is that "peace on earth" may be brought to pass. Chrlstmruo day nsme to the trenches, and to the men in the camps. Mes sages went to the men of England. France, and America. Gifts were re ceived, such as could be gotten to them, hidden away "somewhere in France." Love and tenderness; oon fklence and pride; sympathy and en couragement all of these wer ex pressed in the messages and gifts. But another message went across the world to the men in the battle front. This message was sent by Gen eral Allenby, commander-in-chief of the British forces in Palestine. To General Pershing, commander-in-chief of the American forces, General Allen by, stationed In Bethlehem of Juda, telegraphed; v The British troop In Bethlo lieni on Clirlstnmo Evo send to tlwlr American umirndes a tncs sage of greeting and of hope thnt through the achievement of their, common fnirposn tlio law of forv may yield to the fomo of law and peace and good vril relga at length on earth. This message tells the heart story of every true soldier of the Allied forces. The struggle Is not for terri tory, for commercial gain, for national honoi- but the titanic struggle, coat ing the sacrifice of hundreds of thou sands of lives, the expenditure of bil lions of money, the overturning and stoppage of the wheels of private and national interests the titanic strug gle, Is, that "the law of force may yield to the force of law and peace and good will reign at length on earth." . "Right will prevail," said Secretary Daniels. The words speak the future. It will cost somethlntf. It will take time. It will leave sorrow and pain In Hs wake hut right will prevail, Correct.. Sacramento Bee. The man who has a new suit of clothes and a shabby overcoat seldom finds It cold enoufih to wear an over coat. Luke McLuke, Cincinnati En- (luirer. -. And, vice versa, Luke, the man who has a new overcoat and a shabby suit believes in a late spring and a cold summer. . Lcnrn One1 New ThiiiK Each Day. Chief Be She She is the high mucka muk of the Navajo Indians. Same Old Ending. A fellow who lived in North Bend, Indorsed a small note for a friend; When the paper fell due Oh, I'll leave it to you To tell how this story should end. Quill. Why, the Idee! What the Hek is S. W, Booier, of Prosperity, S. C, doing in a Dry State? No Joke, "That poverty Is not a crime, They say," said Mr. Naybor; "Tet I have found out In my time It dooms you to hard labor." . Luke McLuke. Though poverty Is no disgrace, ; . And often I have said It, It is not apt, in any pla-e, To boost a fellow's credit. Detroit Free Press. Reminiscence. What has become of the old-fash loned railroad train that occasionally arrived on time? And. speaking of the High Cost of Libation, what has become of the old- fasnioned saloon that was known as the Poor Man's Club 7 El-Jay-El. An Old-Timer. Harry W. Smith, of Cleveland, ran across an ancient Josh Billings Alma- nax while at the old homestead In Washington County, Pa., and found this rhyme In It: Thair wan a man In ower town, hie ftalm wuz Mathew Wears, He wound his klok up every nite for twenty-seven years; Wun day this fatheful timepeas an 8-day klock proved to be, An a madder man than Mister Mears you wud not kalr to see," Yon Win! B. T. Longfellow says: "It Is Never Too Late To Start Something." Rev. Ohio, Names Is Names. 1 E. B. Redhead lives at Elyrla, Our Dally Special. You Can't Play Hookey From The School Of Experience. HAVING BEGETS SUCCESS, Looking backward, many a success ful man attributes his achievement In business life to the saving of his first dollar. That first dollar put away marked the birth of a habit and the result was a oourse of conduct culmi- Luko McLuke Kays Marriage Is never quits as Important an the elaborate preliminaries would seem to Indicate. Nearly every man who smokes cigars owns a cigar case that he never thlnka of carrying, We hate to seem eynloal, But the fact Is that many a divorce causes more Joy than did the wedding pre ceding it. If men had the gift of seoond sight, there would be mighty few eases of love at first sight. The average Missionary is so anx ious to do good In a distant continent thut he hasn't time to bother with a nearby tenement. Every mna Imagines that his Is the best brand of Red Eye, And every woman imagines that hers la the best brand of Baking Powder, When David figured that all men were liars he didn't take In any tee The only mistake he natlng In success, "War savings stomps mark an epoch in our national much territory. life," said the secretary of the treasury mode was 1n ,let h1"'!'"' m,m ' I Wawa n Ik. kthN MM In dlsousslng the importance of plac ing before the people) the revets ment's plait for raising a part of the necessary war funds, Just as the savins; of the first dollar has created a habit and resulted in a successful business career, ao will the purchase of thrift stamps and war saving oerttfloatss beget the habit of thrift and accumulation in ths mass ef the American people, Not ehly will millions of people begin to save but the habit ef eeonomy will come to ka a ceileotlv movement, net of indi viduals alone, but of the entire nation, Canada spoke loudly when by aa overwhelming vote eensoriptlan wss endarssd In ths recent election. The result reminded Germany that Can ada was In the war until tha workl ID man sofa for dsn sera ay, oar m ine ouivr nt. Thsrs will always be tha High Cost of Living to wrassle with as eng as ens wnman thinks It is her duty to dress better than another woman, Why is it that yen can't keep a boy ut of water In Bummer and can't get him into water- In Winter T V often kneok the women. But this world without woman would! mean stagnation and damnation, The reason why most of us m over worked Is because wa have to oaten up en the time we waatod in loafing, A wnman never thinks of talking about her neighbors unless it Is bad enough ta repeat It is hard for a Hero to act that way when he eteps on a woodsn collabut ton with his bare foot, jury may not get tit read tha news papers, But It manages to find soma ether basis fop Its prejudices, Heartily knows, When half-gods ge, The god aralve. Smersoa, - !j What Others Are A-Saying T. R. Takes Issue Tilth Adnuubtmtioa (Kansas City Dispatch to Washington Times.. Charging that the American people will be "guilty ot criminal folly" if they follow the lead of the Adminis tration as regards universal military training and preparedness, former President Theodore Roosevelt, In a copyrighted article In The Kansas City Star, discusses the recent annual re port of Secretary of War Baker, which, he says. Is President Wilson's official declaration through a depart ment heed. "Mr. Wilson's war aerretarv." aava Ir. Roosevelt, "states that ho does not favor universal military training as a permanent policy." This, the for mer president declares, is, in effect the same position taken by Mr. Bryan, wno saiu tnat ir needs be 1,000,000 men would spring to arms over night." He adds: "The administration now officially and complacently announces that the policy which at this very moment has proved disastrous Is to be perse versed In for the future. It therefore assumes complete responsibility for every blunder and deluy and for all the misconduct, and announces that these blunders and delnys and all this misconduct have taught us nothing, and that we aro to amble onward in the same futile path until disaster overtakes. Mr. Wilson's administra tion officially declares that we shall persist in our owl follv until we are brayed In the mortar of dreadful ca lamity. "At this moment not more than one-tenth of our soldiers, taken alto gether, are fit to go to battle; nlne tenths of our gallant and fine spirited men are still without the training, amis, and equipment that would per mit them to meet any trained foes. After ten months of war and the ex penditures of huge sums of money, we are still absolutely unable to defend ourselves and owe our own safety only to the fleets and armies of our war-worn allies. "This condition is due solely and en tirely to the policy of unpreparedness to which the administration adhered for the two and one-half years when even the blindest ought to have read the lesson of the great war. "The administration now announoes that we are not to alter this policy, and that we are to continue the do nothing policy of refusal to prepare. If the American people follow the lead thus given them, they will be guilty of criminal folly." Miss Wilson In North Carolina. (Wilmington Star.) Charlotte and Asheville have had the honor of entertaining Miss Mar garet Wilson, daughter of President Woodrow Wilson, during the past few days. Miss Wilson gave a song re cital in Charlotte last Friday night. Finding out that Charlotte is to have municipal Christmas tree, princi pally for the children and families of soldiers. Miss Wilson became the first contributor to the Christmas tree fund. The Charlotte News notes that on Saturday Miss Wilson learned that the war taxes on tickets for the concert which she gave Friday night amount ed to $65, and she at once suggested to the mayor that if the money could be diverted to the purpose, she wanted to be the first donor to the big tree for the 24th of the present month. A telegram was thereupon sent to Collector A. D. Watts at Statesville for a ruling as to whether the war tax was due on a concert given, as was Miss Wilson's for war relief. The collector Immediately wired back, af ter being acquainted with the situa tion, that the tax did not apply in this case and thereupon Miss Wilson gen erously ordered the cum of $65 to be turned over to the mayor to be used In purchasing foods and practical gifts for Charlotte's munioipal Christmas tree. A FEW DOLLARS invested now in a pair of good Shoes may save you money before Spring. This is the day of economy. Men's Shoes $5 to $14 C. W. Brown Shoe Co. Where Shoes Are Fitted When Your Eyes trouble jrou or you are In need ' of glasses, don't overlook the fact that we have been estab lished for year and have made a .reputation by giving quality and service that are unexcelled. Charles II. lioness OPTOMETRIST OPTICIAN 54 Patton Ave. : Opp. P. O. Feeling The Allies or Fooling Bis Subject? (Charlotte Nws) v . Washington does not know, '.i ad mits, whether the latest coup of Ger many towards peace is a sort of feeler or whether Germany really wants to have a definite understanding with the Allies. The probabilities are that Ger many wants peaoe but that she does not want any other peace than that she can dictate herself. And. of course, if this is granted, there has never been any sense In having th war at an. it, as a matter of fact, there hi In the mind of the allied lead ers ever to allow Germany eurti dicta tion, it would be criminal to continue the war a day longer. 1 There Is no excuse at all for tettinr optimistic over the report that Ger many is going to make a peace pro posal. The Kaiser Is more than likely only playing again to the grandstand, the grandstand this time being com posed chiefly of his own subjects. He wants to make a bold challenge of their faith In the enterprise, to sub mit terms to the allies that will be honeyed with words, but aimed direct ly towards giving Oermany the chief part or mat wnicn she set out to at tain. Then, should the allies be fool ish and blind enough not to see through the eventful purpose in the scheme and aocept the proffer, well and good. Should they refuse, the Kaiser would point his finger to his subjects and in stentorian voice de clare again that the war "for the per petuation of the empire," will have to proceed, not of his volition but be cause of the determination of the en tente to wipe Germany off the face of the earth, SHOES FOR MEN, WOMEN AND CHILDREN GUARANTEE SHOE STORE "Better Shoes for Less Money" 4 BILTMORE AVENUE Followed ftrynn, (Greensboro Record.) R'mie Interesting political history Is recalled in ,ho fencing article In the Christian Solenos Monitor on Dr, K. Benja.nin Andrews) Whan v illlam Jenninas Bryan, in that memorable day in July, 1126, in the old Coliseum nt Chicago, was al lowed twenty minutes in which to close the debate on the party platform, aroee in the national Demoeratlo con vention, faced the representatives ef the Eastern Money Power, and thrill ed 10,(109 people with his "Cress of Gold" speech., he little knew what foroes he was turning lenso In the United Statesi hew widely those foroes would ramifyi many persons they weuta. eireoi rqr weal or woo. He spoke as only the rBoy Orator ef the Platte" could speak In those davt. and a he spoke, there cams over the as sembly a hush that was to be broken by one of tha wildest outbursts of en thusiasm recorded in the history of American politics That speech Influenced the opinions of millions, the careers of thousands of people. In Brown University, in Providence. R, I., was a scholar who had served the Institution ably for years ai teacher, professor ot political economy, and president. Dr. ft. Ben jamin Andrews. A nativa New Hn- tenaer and a sen of New Hampshire, ho enlisted as a mere boy In the Union army, wa made a soaand Uaiitanant, and served In Grant's final campaign before Richmond, until the battle of Petersburg, when a wound forced him to leave the service.; After the war he entered Brown university as a stu dent. Upon his graduation he enter ed Newton Theological seminary, was ordained a minister, of the Baptist church, preached a year at Beverly, Mass.. resigned to become the heal of Denison university, and Anally join ed the faculty of Brown. In the nineties, both political and economic conditions in the United States were unsatisfactory to the mass of the American people. There was a great deal of unrest, following, and, due in a large part to the panic of '83. President Cleveland's tariff theor ies, which many had been eager to try, had not worked out agreeably to anybody. The farmers were getting nothing for their crops, and their grumbling rumbled across half the continent. Populism was rife. Work was scarce, WRges were low, and times were hard. The national Democratic party bad for years been under the control of what the common people called the "plutocratic element" Orover Cleveland, they said, was a creature of the plutocrats. The west was In arms against plutocracy. It' was conceived In that quarter that gold controlled the country, and that wail street controlled gold. The "Crime of "7!," or the measure of con gress which demonetised tho silver dollar, had. It was claimed, exalted and made all-powerful the gold dol lar. A free silver party, a party that was demanding tho free coinage of silver at the ratio of 18 to 1, was al ready In process of formation among the discontented in both the Demo cratic and Republican parties. It seemed clear that, if formed, it could command the support of the Populists. But the free-silver movement was yet without a leader when Mr. Bryan made tho speech whloh gave him the nomination for the presidency. The free silverites needed no other leader after that, and would accept no other. Dr. Andrews was one of thosb that followed Mr. Bryan faithfully. He had come to the decision even before the "Cross of Gold" speech was made, that tho free and unlimited coinage of sil ver, in the ratio of 16 to 1, was the only way of escape. So enthusiastic was he for the champion of the white metal that he wrote lettters to grad uates of Brown In various parts of the oountry advising them to give their support to Mr. Bryan. Meanwhile Mark Hnnna had organized the Full Dinner-Pail campaign for McKinley, sound money and prosperity. The "solid Interests" of tho nation were Soon aroused. Mr. Bryan's election, tho opposition held, would debase the currency, destroy business, cut the workman's compensation In two, des troy credit, and bankrupt the nation al treasury. The money power be came alarmed. Conservatism was In a stale of panic Intense partisan feel ing prevailed. Tho silverites were called enemies of the republio. Pre judices were excited, Somebody show ed somebody, else some of E. Ben jamin Andrews' free-silver letters. It ?;ot Into print that he was "one ef hose Bryan fanatics" The faculty of Brown became annoyed. They made things unpleasant for tho president of Brown, and he resigned, This action, on the part ef -a uni versity In a "pluteoratlo state," alfordv ed political capital for tho Bryan par ty, and the most was made of It. The nation was asked If Wall street was to dictate tho policy of. the universi ties. Other questions of a similar na ture were put to the elaotorate, but before this phase of the campaign pot well under way election day arrived, and Mark Hanna, 1 the Full Dinner Pall, Sound Money, and McKinley won, After that Dr. Andrews became chancellor of the university of Ne braska, and ; for years was much be loved by students and faculty. Then he retired, went to reside in Florida, and gave himself up to literary pur suits. There waa never a doubt any where aa to the honesty of his opin ions; there was never a doubt; after the polls closed, a to his right to hold these opinions, and, in the long run, ho lost ho friends fay reason of his bravo stand far oausejio thought sight,"- . ) BATTERY PARK BANK ASHEVILLE, N. C. State, City and County Depository Capital $100,000.00 Surplus and Profits . . 220,000.00 OFFICERS T. C. Coxe, President - Erwin Sluder, V.-Pres. D. C Waddell, Jr., V.Jres. C Rankin. Cashier SO LOANS ARE MADE BV THIS BANK TO ANT OF ITS OFFICERS Oil DIRECTORS IS YOUR JOB YOUR ONLY, ASSET? If so, then what you have to fall back on if your job or your ability to hold it fails you, unless you have a savings account in the AMERICAN NATIONAL BANK MEMBER FEDERAL RESERVE SYSTEM . The Only National Bank in Asheville SAVING IS EASY It's the start that's hard An established truth in regard to saving is that many people who desire to save seem un able to make the start. The object of the Christmas Savi ncrs Club is to offer the easiest possible method for making this beginning, with the belief that your own inclination to save will ac complish the desired result. Our plan encourages systematic saving and provides an easy way to save for Christmas or to set aside a certain sum out of your earnings during the year. CLUB NOW OPEN FOR MEMBERS Everybody Welcome No Charge to Join Tickets issued with weekly payments due of various amounts to suit all pocket-books. Make a deposit today and receive a mem-, ber's ticket. Wachovia Bank & Trust Co. YOUR PRINTED MATTER Talks of Your Business. Does it Talk Loud? HACKNEY & MOALE COMPANY 13 Lexington Ave. Phone ISt. BAGGAGE TRANSFER F is all wa charge to move your Trunks Southside Transfer Co. Phones 516-687 Tar Heel Farmers Have Formed 68 Loan Banks By GEO. II. MANNING. Washington, I). C, Dec. 27. That the farmers of North Carolina have enthusiastically availed themselves of the opportunity to make long-term loans on their farms at five percent from the Federal Farm Loan bank system is shown by a report issued by the Federal Farm Loan board review ing tho operations of tho system up to December 1st. .. Tho report shows that (I farm loan associations have been formed by the North Carolina farmers; that loan of f 8,498,818 have been applied for by these associations; that the Federal loans ef $l,16l,04, and that the Farm and Loan board has approved loans amounting to I41I,S0 have been finally closed. Tho farmers of the southeastern and western states have taken full advantage of the Farm Loan system, while tho farmers in tho north At lantlo and Now England states have exhibited an apparent lack of desire to embrace Its advantages. The farmers of Virginia have form ed 4 farm loan associations and applied tor loans of 15,514,618; Ten nessee ha formed II associations; Alabama fit) Mississippi (6; California 74; Oklahoma 88) Colorado ; New Mexloo 76 and Washington (6. On tho other hand tha farmers of Pennsylvania have formed but lv as sociations and applied for loans of hut $1, 158,546; New Jersey has formsd I associations; Delaware 1; Connec ticut 1 1 Maine t; New Hampshire 1) Vermont I and Rhode Island 8. This activity la connection with the Farm Loan bank system In the south and apparent Indifference towards It In the northeastern states Is undoubt edly due In a large measure to. the fact that tha aorth eastern farmers have been always able to obtain loans from the banks at between G and 7 ' percent, while in the south; the figures of the Treasury department show the bankers have held the farmers up to an average Interest rate of over 9 per cent and in many Instances much higher, . . California has applied for the larg est loans making application for $18, 102,789, and Delaware for the smallest amount, $28,150. Kansas has received the largest amount of loans, getting 18.514,000, and Louisiana has received the small est amount, having obtained only 8856, although the Louisiana farmers have formed 14 associations and applied for loans of (2,088,161, Up to December 1st, 128,124,665 had been actually paid out to farmers of the United States. Tho total of loans approved by tha Federal Land banks, including those clossd and those awaiting verification of title and other formalities, la $106,186,528. - The report also shows that the total ' loan applications made to the twelve Federal Land banks has been 8211,... 760,740, whloh has been cut down fay reductions and rejections to less than $180,000,000. The interest rate under the farm loan system has been In creased from 6 percent to 6 H' percent and the increaaait .rata xill . all applications which have not yet ""i eiiiproroa ny me Federal Land banks. Hnrrnwinir undo V, a va&M, itv Loan system Is done through co-oper- wm loan associations organised by farmers, each association being composed of ten or more farmer-borrowers, and each group borrowing at least $80,000. ' Up to December 1 tho Farm Loan board had till such co-operaUva associations,
The Asheville Times (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 27, 1917, edition 1
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