Evening Republican, Volume 18, Number 14, Rensselaer, Jasper County, 16 January 1914 — LOANS TO FARMERS [ARTICLE]

LOANS TO FARMERS

Wisconsin Law Now In Effect to Give Financial Aid. Bonds to be Issued Against Loans. [NAtlona.l Crop Improvement Service.] Two applications for charters for land mortgage associations in Wisconsin have been received, one from Eau Claire and one from Marinette. The association and its workings are simple. Fifteen or more persons incorporate with a capital stock of not lees than SIO,OOO and adopt the by-laws prepared by the state board' of public affairs and the commissioner of banking. The funds of the. association are loaned on first mortgage security and when these securition are deposited with the state treasurer, the association may issue bonds to an amount equal to the securities deposited. The bonds issued are sold and in this manner additional fluids are provided.