Newspaper Page Text
Farm Loan Notes
The following statement received
by N. H Bacon, sec-treas. Wilkin
■ son County National Earm Loan As
sociation, Henry S. Johnson, Agt.
These loans are to reduce and re
finance farmer’s c'ebts <n a longer
term bisis, to supply working capital
and to refinance foreclosed farms The
collateral accepted is first or second
mortgages upon all or any part of the
farm property, real or personal, in
cluding crops. Before commissioner
makes a second mortgage loan he
will ask holder of Ist mortgage to
waive foreclosure rights in accordance
with Commissioner’s regulations.
Loans limited to maximum §5,000
each Loans plus all prior mortgages
or other evidences of indebtedness se
cured hv the farm property may not
exceed 75% of appraised value.
During first. 3 years loans are in
effect., borrowers will not be requited
to make payments on principal if
they are not otherwise in default.with
respect to the conditions or covenants
of their mortgages Loan must be
repaid tn such annual or semi annual
installments as will discharge the
debt within the agreed period.
These are collateralized and not
personal loans and financial condi
lion of applicant as well as his
history must be considered, including
ability of the former to repay his loan
Properties are appraised by f eder
al Land Bank appraiser who uses the
same general values in arriving at
the value of property to be ottered as
collateral, The principal difference
between the Federal Land Bank Loan
and the Commissioner’s loan is that
the land bank loan is made only on
farm property and cannot exceed 50
per cent of normal, appraised value
of the land plus 2q% of the insured,
permanent improvements whereas the
Commissioner’s Agent mav lend up
to “5 per cent of the normal yalue
and accept second mortgages and
personal property as security.
Mr N. H. Bacon has been appoint
ed correspondent and farmers should
make their applications to him rather
than applv directly to the agent sta
tioned in Federal Land Bank.
11-Inning Game
Irwinton enjoyed a real ball game
Tuesday afternoon when Danville
came to see if our boys were still able
to run bases. Lum Dixon kept the
visitor hitting thin air during first
half while the home team matked up
five runs, and he came out in the Bth
leaving the teamsi ti d. Byington
Lindsey went in the box for the re
mainder of the 11 inning game and
held them so tight with his fast ones
that the tie still neld in the last half
of the 11th when Buck Boone knock
ed in a run from third. Score G and
7. Irwinton winning. This was a
swift moving game with only one
lawsuit, in the 11th over an infield
fly. which Irwinton ended by yield
ing the point without going to trial,
Games like this will soon build up
the attendance. Manager Roy Can
non will try to put on a big game for
Fourth of July.
Fourth at Lakewood
Lakewood’s first Fourth of
July American Automobile Asso
ciation sanctioned auto races will
be held at the Southeastern
Fair’s fast mile oval in Atlanta
next Tuesday in a joint program
that combines the second annual
Miss Atlanta Bathing Beauty
contest and added sport diver
sions.
Over a score of America’s out
standing speedway and dirt
track stars will compete in pro
gram which will be featured by
a25 mile Dixie Sweepstakes,
preceded by 3 five mile races,
and morning time trials starting
at 10 45 Interspersed in the
event will be sections of bathing
beauty contest with over five
score girls competing for the
honor of being Miss Atlanta and
securing a trip to the Chicago
World’s Fair. Afternoon races
start at 2.30.
Included in the entry list are
such well known drivers as Doug
McLeod, Baby Gray, Lee Bost,
Bob Roberts. Gene Howell, the
Racing Calloway Brothers of
Macon, Archie Britten, Larry
Beckert, Ted W allace, Tom Dix
on, Red Redmond, Curtis Black
well and other drivers of note.
July 4 races will have more
mileage in real competition than
any event in recent years, as a
15 mile feature has been the
longest distance event' run at
Lakewood in many years.
Picnic pleasures will be availa
ble as will Lakewood’s Luring
Midway with the usual night
night fireworks to climax the
day- The usual annual prices
will prevail.
: STREET OF IRWINTON :
Mr T. A. Justice is in south Geor
gia buying watermelons for one of
the largest, produce companies in Chi
cago He is instructed to buy 2QO
cars and will buv in Wilkinson, aLo.
Mr and Mrs George Hatcher re.
turned Tuesday from a several days
visit in Charleston. S C.
11. W. Gunn in town to see about
proposed classroom changes at the
school house. Pleased entirely to
know that Mr and Mrs Gunn will be
here next term.
A. J. Swann says that fish will
try to bite moles off swimmers. But
if you dont want to go swimming to
be rid of these ornaments. B. Asbell
says tie a hair around the mole and
it will soon drop off, even if you don’t
say Mumbo, Jumbo! or Abracadabra!.
Some of the forestry boys are ex
pected home Fourth of July, just to
spend the day, for they like the new
work too well to leave it longer.
Lum Dixon and Emory Carswell
bring in a queer looking perch they
can’t name. If you ask me, it's only
a little stumpknocker that butted a
stump too hard and got hisself out of
shape.
Mrs Otis Etheridge of Gordon vis
ited Mr and Mrs T. Sanders Tuesday.
Puzzle: Is a little blonde in black
dress prettier than little brunette in
red dress?
Miss Lois Butler, of Nich ilsville,
is visiting Miss Winona Billue.
Miss Edna Butler, of Nicholsville,
was guest oi Miss Maybell Taylor last
week.
That big hammering noise Wed
nesday night was Ral< igh Eell’s
truck being fixed to haul watermel
ons. May the price fly high.
There's a clock on the shelf at my
side. It isn't working. I'm tired
of spelling. What would you do on
a hot afternoon if you had already
spelled several thousand words?
MR. COTTON-GROWER|
THERE IS A
IB MILLION (
XIH BALE SURPLUS
- REDUCE CROP I
prevent -
W® TROUBLE
M LATER
t. » B .Si, . , ■ ■ J-l I
; MIMiO I it 3
I 4 j 1
iIB '® 11
UM' i *wM ’ ’toBM—
HiSis I
Miss Hilda Dixon of Toomsboro
visited Miss Sue Dixon last week.
Miss Eloise Ragan of Albany is
guest of Miss Faye Culpepper.
Mrs Burke Lee of Jacksonville is
with her mother, Mrs T. H. Bragg.
Mrs Bragg is recovering from her re
cent illness.
A small pain in my side after eat
ing that halfripe peach.
Those billboards back of Johnson’s
store would make nice shades at the
ball ground,
Lum Dixon's rubber spider, Taran
ta, bit Tom Deason Wednesday.
Mr and Mrs Kenny and children
of Leary visited Mr and Mrs Ralph
Culpepper Sunday.
Miss Elsie Spears of Jeffersonville
is visiting Miss Clara Beall.
In the postoffice swing last night,
for no reason at all I suddenly re
called a summer night five years ago,
when I, barefoot and clad in pajamas,
a broom upon my shoulder and mid
night madness in my heart, marched
down the middle of the road to the
drug store, driving before me a herd
of little grunty pigs, fresh from our
tomato patch No one saw this im
pressive horticultural parade — we
had the Street to ourselves —Pig and
Tig;
Dean Duggan is visiting his sisters
in Washington, D. C.
