Newspapers / The Progressive Farmer (Raleigh, … / Jan. 13, 1917, edition 1 / Page 1
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HOW TO GET RICH LAND FIRST OF A SERIES QF FIFTY-TWO ARTICLES Page 5 A R " v: n I v. A A FarrLid Home Weekly for . . ...... . . Garolihas, Vt&inia, Georgia, and Florida. Vol. xxxii. Nb: i ... SATURDAY, JANUARY 13, 1917. FOUNDED 18tfI AT RALEIGH, N. C. : : . $1 a Year; 5c; a. Copy Why Not Organize a Far m L o an A ss o cia t i on ? A YEAR ago, on this page, we asked the question: "What Rate' of Interest are You Paying?" emphasiz ing at the time the urgent need tor a better rural credits system. Today we have upon the statute books of the United States a law providing for the creation of such a system, ; and its acttfal organization is now underway. The questionis, will the farmers of the South, through combined, associated effort, avail themselves of the op portunity thus afforded, or will they continue to pay high interest' rates for shorMime loans as has been the case in the past? While the new. rural credits law may not be entirely perfect as a means of mobilizing the credit of the farmers of the country, we firmly believe that it is going to prove of tremendous value to us. But if we are to make it serve our needs, neighborhood or local farm loan associa tions must be organized to obtain Joans. These associa tions must be organized by ten or more farmers, and the aggregate of the loans sought must be at least $20,000. Loans will run anywhere from five to fortyyears, at the option of the borrower, and interest rates by law cannot be higher than 6 per cent. Each borrower is liable for his fellow-borrower to the extent of not more than 10 per cent of his own loan, and where the affairs of the associa tion are handled in a businesslike way, we believe there is hardly one chance in a thousand for ariy member to sustain loss through the inability of a fellow-borrower to pay. In a word, the means of attaining cheaper money are now available, and whether we shall use them rests with us. Has your community organized a loan association? If not, why not? If because of a lack of some one to take the initiative, why not do it yourself? The Progres sive Farmer will gladly aid any of its readers in starting such an association. Why not begin now? 14 14 DOISTT FAIL TO READ- Paee The Pasture Problem . . . . .... . 3 Institutes for North Carolina Farmers . . . 9 Pay Bills by Check . . . . . ... . . 11 Ten Things to Do This Week and Next . , The Cheapest Source of Nitrogen . . . , Why Not Profit Sharing Between Landlord and Tenant? . . . . . . . ... . 14 More Examples of Cooperative Shipping of Hogs and Cattle . J . . . ' . ... . . Needed Legislation Against the Patent Medi cine Fraud . 15 Care of the Eyes . ........... 16 End the Crop Lien System. ...... 20 15 I I A r' . I IlJ" . ' WAV DOWN ON THE SUWANEE RTVER
The Progressive Farmer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 13, 1917, edition 1
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