Jasper County Democrat, Volume 16, Number 101, Rensselaer, Jasper County, 25 March 1914 — Each State Should Put Aside $1,000,000 Loan Fund to Aid New Fanners [ARTICLE]

Each State Should Put Aside $1,000,000 Loan Fund to Aid New Fanners

By D. B. CORNELL,

Agricultural Expert

WF hear that New 'I ork state is going to spend twenty-five thousand dollars LN LECTURES TO Z \ID TH H FARMERS. The be>t step it could take would be to keen the money in a bank and LOAN IT ON MORTGAGES TO HONEST YOUNG ME\ WHO WISH TO FARM. If each state would loan to prudent young men ami families money to assist them in getting by the first year in starting a farm it would soon reduce the high cost of living. THE "BACK TO THE FARM” MOVEMENT IS ONE OF THE MOST IMPORTANT PROBLEMS THAT WE HAVE TO FACE TODAY. MANY THOUSANDS OF PEOPLE STAND READY TO BUY, BUT ARE SHORT OF FUNDS. THEY, HAVE NOT ENOUGH TO BUY WITH SAFETY AND TO INVEST UNTIL THE INCOME WOULD PAY THE EXPENSES OF LIVING AND RUNNING THE FARM. EACH STATE SHOULD LAY ASIDE AT LEAST $1,000,000 TO ASSIST NEW FARMERS. THE MONEY SHOULD DE USED ONLY FOR LOAN PURPOSES, BECAUSE THAT WOULD BENEFIT THE BUYER MOST. , Tli< r<- 10 thousands who wish to GET RID OF CONGESTED Cl I'i i.I iE, but they have or.y two hundred to five hundred dpllars in savings to purchase a farm and equip it. Dur experience wit h the larnicr has been that hardly any one will take three hundred to live hundred dollars down. Li.l soiriellifTtg must be done in that direction in order to get thoMi termsor a loan from the slate to assist in stalling a farm. . ■