Each farmer pays par, $5, for one share in his The national farm loan association indorses its FEDERAL FARM LOAN A bureau in the United States twice a year borrowers pay a regular sum as The federal land bank sells bonds secured by All these notes, shares, bonds, capital and sur- LOAN SYSTEM NEW METHOD OF FARM MORTGAGE FINANCE, UNDER A Practical Manual upon organizing and conducting na- By HERBERT MYRICK Chairman Massachusetts Farmland Bank INCLUDING Full text of the federaL FARM LOAN ACT NEW YORK ORANGE JUDD COMPANY HE Federal Farm Loan System of 1916 possesses potentialities of transcendent importance to the American people. Utilized to the utmost by farmers and investors, with the patriotic aid of the business interests whose welfare is dependent upon a prosperous agriculture, the new statute may prove to be epochal in its economic and social benefits. The new law is not perfect. It is the work of many minds. It is a well-thoughtout basis for a system that (1) could command the necessary votes to become a national law, and (2) bids fair to accomplish the purposes it aims to serve. The object of this book is to aid those who so desire to enjoy all the advantages of the new Federal Farm Loan System The Act is the Magna Charta of American farm finance. Heckass. 12-20-27 M.VN. 303443 |