Decatur Daily Democrat, Volume 17, Number 304, Decatur, Adams County, 23 December 1919 — Page 3

* OBITUARY M , s E> vin May ’ dnUKhtor ° r hrt .i.niifb wus born 1( t Mill* InZ Dw. 8, 189(1. Do I till* '"‘ r ,IOn ”* 0,1 "' ' 1 ’X slrpet . Dee. 12. 1919. aged 1 ’ and three days. She was con and baptized and was a mem v ' f l)1( . church of R od. and v

REMEMBER LAST CHRISTMAS Many were disappoinled and were not •>!>!» ( Brunswick for Christmas. not ,o a We still have a beautiful selection on ihn n, <• • .... dint., delivery, call • ,X™„ILnA i"? aside for delivery at your appointed lime. ’' ' We have the style you watd. Plays ail d ThiS St!le makes of $225. records ; 'i-w lL flaau '/&JnK others from *" h ' ir ’IOOBEST. . ISa&saib -Sites Convenient terms lor any desiring them. It is easy to have a Brunswick, the one best Christinas Gill for the family. The All Year Gift. Have your’s reserved for you today.

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''“ lll,ri ' 1 tu end. she "7 mother three i„. aU ‘' M " I, brothers and „ ue Hlst „. : Lx '■ IST, i r,™ ; 4 »>-M- | . y onsam| V . E . mi,,,.,./ -1 $ » *-WANT ADB EARN-< t $ ,

__ DECATUR DAILY DEMOCRAT, TUESDAY, DECEMBER 23, 1919.

NOTED LAWYERS DEFEND « T FEDERAL FARM LOAN ACT: McAdoo, Hughes and Wickersham Appear in Kansas City Court / j as Champions of Land Banks, Which Have Given Farmers h $300,000,000 at Low Interest Rates. 1° |ai ■ ' I bt r-.^dWlfr, 1 ■ .w \\\\ , ’ w»»v 'III 1 Vktw I iW 7 'T ? -' \I i. ±3 1 1 w ■ (lUll „ WAggLjK America's system of nirnl credits was upheld In the federal court In 1 suit which questioned the constitutionality of the law creating federal land I' banks mid joint stuck land banks. Charles E. Smith, a stockholder in tin I Kansas City Title and Trust company, brought suit to enjoin this corporation I from purchasing (he bunds of these banks, contending that because these se I curitles are exempt from federal, state and local taxation, they were issued in I violation of tile Constitution of the United States and contending also that con I gross bud no authority to create such banks. Judge Van Valkenburgh gavel his decision immediately at the close of the arguments, holding that the law! Is constitutional. An appeal was taken and the case will now go to the United I States Supreme court for final decision. The validity of the farm loan act be- 1 Ing thus attacked, the government of the United States, the federal land banks I and the Joint stock hind banks became parties to the suit. Mr. McAdoo rep- 1 resented the government as assistant to the attorney general and also, to- 1 getiier with George W. Wickersham, attorney general under President Taft, I represented the joint stock land banks of which there are now 27. Former I Justice of the Supreme court Charles E. Hughes represented the federal land I banks. I "" ~ s How Low Rates Are Secured I WHAT ie MCAMT

WflAl MtANI BY AMORTIZATION How the Long Term Credit Plan of the Federal Farm Loan Act Works in Actual Practice. A loan of SI,OOO nt 6 per cent interest, repayable in 38 years by means of semiannual Installments of $35, which includes interest and part of the principal. By the use of the following table a borrower can figure exactly how his payments are applied on principal and interest i I and how much is due on his loan on any installment date | during the 33 years. Applied Prln. Install- on Still ment Interest Prin Unpaid 1 $35.00 $30.00 $ 5.00 $998 00 2 35.00 -.'9.85 6.15 989.85 3 35.00 29.70 5.30 954.55 4 35.00 29.54 6.40 979.09 5 35.00 29.37 5.63 973.40 6 35.00 29.20 6.80 967.66 7 35.00 29.03 6.97 961.69 8 35.00 28.85 6.15 955.54 9 35.00 28.67 6.33 949.21 10 35.00 28.48 6.62 942.69 — 11 35.00 28.28 6.72 936.97 12 35.00 28.08 6.92 929.06 13 25.00 27.87 7.13 921.92 14 35.00 27.66 7.34 914.58 I 15 35.00 27.44 7.56 907.02 16 35.00 27.21 7.79 899.23 , 17 35.00 26.98 8.02 891.21 18 35.00 26.74 8.26 889.95 i 19 35.00 26.49 8.51 874.44 20 35.00 26.23 8.77 865.67 21 35.00 25.97 9.03 856.61 , 22 35 00 25 70 9.30 847.34 23 35.00 25.42 9.58 837.76 24 35'10 26.13 9.87 827.89 25 35.00 24.84 10.16 817.73 26 35.00 24.53 10.47 807.26 27 35.00 24.22 10.78 796.48 28 35.00 23.89 11.11 785,37 29 35.00 23.56 11.44 773.93 30 35.00 23.22 11.78 762.15 31 35.00 22.86 12.14 750.01 32 35.00 22.50 12.50 737.51 33 35.00 22.13 12.87 724.64 34 35 00 21.74 13.26 711.38 35 35.00 21.34 13.66 697.72 36 3510 20.93 14.07 683.65 37 35.00 20.51 14.49 669.16 38 35.00 20.07 14.93 654.23 39 35.00 19.62 15.38 638.85 4n 35.00 19.17 15.88 623.02 41 35.00 18.69 16.31 606.71 42 35.00 18.20 16.80 689.91 43 35.00 17.70 17.30 672.61 41 35.00 17.18 17.82 554.79 45 35.00 16.64 18.36 536.43 46 35.00 16.09 18.91 617.52 47 35 00 15.53 19.47 498.05 48 35.00 14.94 20.06 477.90 49 35.00 14.34 20.66 457.33 50 35.00 13.72 21.28 436.05 51 35.00 13.08 21.92 414.13 52 35.00 12.42 22.58 391.55 53 35.00 11.75 23.25 368.30 54 35.00 11.05 23.95 344.35 -55 35.00 10.33 24.67 319.68 56 35.00 9.59 25.41 294.27 57 85.00 8.83 26.17 268.10 58 35.00 8.04 26.96 241.14 59 35.00 7.23 27.77 213.37 60 35.00 6.40 28.60 184.77 61 35.00 5.54 29.46 165.31 62 36.00 4.66 30.34 124.97 63 35.00 . 3.75 3L 25 93.72 64 35.00 2.81 32.19 61.53 65 35.00 1.85 33.15 28.38 66 29.23 . 85 28.88 $2,304.23 $1,304.23 $1,000.00 ,R ' ■ lgi BEST WAY TO HANDLE MANURE i - Fertilizer Should Be Hauled to Field I Soon After It Is Made and Spread Over Surface. ! Barnyard manure often contains great quantities of weed seed and if this manure is left near the surface of the ground it will doubtless be difficult to keep this cornfield clean. In order to get the most good out of the ; manure it should be hauled out to the field soon after It Is made, and if it is hauled out In the winter and plowed under In the spring, it will probably require less work to keep down the weeds. _____ Fall Plowing Desirable. i Fall plowing Is highly desirable In many localities.

for Farmers. “The federal land banks are not permitted to charge any rate of interest except that which the board may prescribe. and the rate of interest which the farmer is required to pay may never exceed one per cent in excess of the rate upon the bonds. ‘‘lf they can sell the bonds at three per cent, the farmer under the terms gets the benefit; he gets It at four and In addition to that pays one per cent for amortization, which would make the cost of the money five per : cent, Including all of the expenses of I the operation of the hank and the one per cent for amortization. “Now the value of the loan to the farmer Is very great. Not only is hr assured of his credit for thirty-three or thirty-six years, if he wants it, but he knows that nobody can force the earlier payment of the principal of the loan except upon his own default. On the other hand, If he happens to be prosperous and finds that he has earned enough money to pay the loan before maturity, he is allowed to pay it in full or any part, at any time after five jttars.” ifil ' ' —— ' ■ BEFORE FARM LOAN ACT BECAME LAW OF LAND. _____ 1 The rate of Interest upon land mortgage varied in different sections of the country ranging from 5.3 per cent to 10% per cent. In the New England group of states the lowest rate Is 5.8 per cent and the highest is 6.2 per cent. That Is the average in those states. In the Middle Atlantic states, New York, New Jersey and Pennsylvania. 5.6 to 5.8 per cent. In the East North Central states, that is the states north of the Ohio river, we will say, Ohio, Indiana, Illinois, Michigan and Wisconsin, the rate was 5.8 per cent to 6.2 per cent. In the West North Central states, from 5.9 per cent to 8.7 per cent. That was In Missouri, North Dakota, South Dakota, Nebraska, Kansas, Minnesota and lowa. In South Atlantic states they range from 5.6 per cent in the state of Delaware, where the rate was lowest, to 9.6 per cent In Florida. In the East South Central states, Kentucky, Tennessee, Alabama, Mississippi, 7.1 per cent to 9.4 per cent. In the West South Central states, Arkansas, Louisiana, Oklahoma and Texas, it ranged from 8.4 per cent to 9.6 perleent. When we come to the Mountain states like Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona and Utah the rates go up from 8.9 per cent to 10.5 per cent. And ln» the Pacific states, Washington, Oregon, California. It ranges from 7.6 per cent to 8.7 per cent. These rates do not indicate however, the true condition of affairs. Rates of interest on farm mortgages were sometimes as high as 16 per cent, including the commissions that were paid. ♦

— OJ 1 ■■■'■ ORTUNE FAVORS REBEL OAKES.g — —- (United Pr«s» Service) Now York. Dec. 211 Fortune Is pm-' I in' over easy ones ihlft are split!! i' )e pan for Hebe) Oakes. • The former major league outfieldr, later manager of the Pittsburg 'eds and more receently the boss of he Denver ball club Is now Mister lakes, oil magnate, close to u millionire, and a baseball inagnate-aboutto- - le. I Rebel has made a big bit. A lit lie < arm of his own down in ixiulsia.ia ook a notion to churn up some oil mil While it. continues to gm h around ibout SIF». 11(10 will b.- rune up daily m his cash register. With more money than he knows what to do with, the Rebel has an ambition Io get back into baseball in one of the few roles that he has neever filled —an owner. Recently he sauntered into the office of Harney Dreyfuss In Pittsburg and casually asked the Pirate chief what he would take for his ball club. The Smoky City magnate was inclined to consider it a good joke until Oakes produced a roll the size of a truck tire and convinced his hearer that he meant business. Rebel saved a nic.e pile while he w is going good in the gardens of the major leagues. He invested the money in a plantation near Itoiner, Lousiana. Oil drillers prevailed on him to allow them to go down in his land. They found three gushers that are producing 20,009 tq 20,000 barrels daily and the owner's royalty i; lis twelve barrels to every one hunIdred. There are indications of other I wells on the tract. j The Rebel muffed few goods in the I field during bis day and it looks is lif he didn’t misjudge the latest fly Ithat fortune sent into his territory. A trout, having two heads, was | lit tched at a Minnesota fish "eserve llt has now grown to the length of t‘ ree inches, ani continues to thrive like a normal fish. HOW HE ENDED KIDNEY TROUBLE. “I had a severe attack of kidney t-ouble and tor three weeks could not get out of doors and scarcely out of bed,” writes C. E. Brewer, Village Springs, Ala. “Could not bend over at all without the most excruciating pains. I <|)urchased a bottle of Foley Kidney Pills. Was relieved after first few doses and continued theii use until completely cured. 1 con sider Foley Kidney Pills the best kid ney remedy in the world. No recur rence of my trouble.” IT'LL COST LESS TH AN YOU THINK — ..TO GET A I V NEW L. kitchen Sink _> The cc t op~ * W|FP lu|vlbing ~

—I I ———l I■■ ■ I"I I ■■ ■— I ■ ■— ■■ ■ ■ I- ■ — i — - *** Serve Tasty Ice Cream for Your Xmas Meals SPECIALS Fresh Logan Berry Ice Cream. Two Color Brick Ice Cream. Santa Claus, in Individual Moulds, any flavor. Orders for Specials must be in by Wed. noon. o Martin-Klepper Co. Creameries Phone 50 and 55

g H— ■ HU ' I 1111 W .T-JX3CE. JKA The »RT STORE Open Evenings Until Christmas The Greatest Service to the Greatest Number TUI’S, in seven words, is epitomized the ideals of serviee animating the seven men who direet the activities of the Standard Oil Company (Indiana). Maxi- , mum service is the only foundation upon which Big Business may rest ’ securely. I It is this ideal which has impelled the Company to ceaseless effort in multiplying the number of products ‘ produced from crude petroleum, z each to fulfill a definite, useful service — not to the few, but to humanity. f Only piivate initiative and enteru prise, willing tohazard time, money, ingenuity, and effort to gain a promising but uncertain benefiit, could ■' have developed the many products y manufactured by the Standard Oil t Company (Indiana) for the service ,® ■ of the people. g' y I In the conduct of its business, the Standr aid Oil Company (Indiana) always has recognized the four fundamental interests r- in all industry—capital; labor, management, and the public. Because of this, and because it has striven to prepare every product as nearly perfect as ingenuity, integrity and earnest ellbrt can make it, this Company has been able to approximate its idea! of the greatest service to the greatest number. Standard Oil Company ' (Indiana) 910 S. Michigan Ave., Chicago 1913 ■■■■■■■DHHMnMIHHMDMMDIMaiaMBMMMHiaMMHaMMMMMBaaBVnMDMaUcnBMMMDaMIMMMMBMMr