Jasper County Democrat, Volume 20, Number 100, Rensselaer, Jasper County, 16 March 1918 — FEDERAL LOANS TO FARMERS [ARTICLE]

FEDERAL LOANS TO FARMERS

Nearly twelve million dollars was loaned out to farmers of the United States by the Federal lafld banks during the month of January last. On February 1 the total amount loaned out to farmers by these banks since they were established was nearly $50,000,000, the number of loans closed being 24,000. The amount applied for at that date was $260,000,000, representing over 100,000 applicants. The total loans made by the various banks were as follows: St. Paul, $9,760,400; Spokane, $8,930,075; Wichita, $8,643,200; Berkeley, $3,666,600; Omaha, $3,210,190; Houston, $3,124,412; New Orleans, $3,025,255; Louisville, $2,927,900; St. Louis, $2,296,480; Baltimore, $2,114,200; Springfield, $1,614,665; Columbia, $1,469,055.

Ginseng, the greatest product of Korea, is unrivaled throughout the world for its quality. Lately, however, owing to the spread of a disease peculiar to ginseng and from robberies, the industry was brought to a standstill. Methods likely to give good results are being adopted, however. The area under cultivation is about 1,381,748 kan. The annual amount of medicinal ginseng has grown to 30,000 kin.