Jasper County Democrat, Volume 22, Number 64, Rensselaer, Jasper County, 8 November 1919 — NEW JOINT STOCK LAND BANK [ARTICLE]

NEW JOINT STOCK LAND BANK

At Lafayette Is Doing Large Business in Farm Loans. The Lafayette Joint Stock Land Bank, incorporated under the Federal Farm Loan Act, and being under government supervision, is springing right into a good active business in making long-time larm loans on the yearly payment plan. The farmers are realizing that they can borrow money on long time and make money out of it just like the merchant or manufacturer, who do most of their business on borrowed capital. The loan may run as long as 40 years, if the borrower chooses, but all or any part of it may be paid off after Ave years. The yearly .payments on principal are very small ’and easy to make, and the debt is gradually paid off without hardship or inconvenience to the borrower. If the owner should wish to reduce his indebtedness during the arst five years, the Lafayette Loan and Trust Company, which is co-operat-ing with the Lafayette Joint Stock Land Bank, will arrange for that by taking part of the loan. Through that method of operation the (wishes of almost any borrower can be met. Promptness in passing on applications and closing up loans will be the policy of the Lafayette Joint Stock Land Bank, and persons needing money are cordially asked to write to the Lafayette Loan and Trust Company, or Lafayette Joint Stock Land Bank, stating their case, and the matter will be pushed to a conclusion at once.—Advt.