wearer mem J? ^-^p- V^*y ^Jsa^^Wi TVS 7m INTERNATIONAL FALLS PRESS, DECEMBER, 25th, 1919 *s- PAGE TWO S" FARMERS TO OWN ton, Wls.,"an Institution of $50,TKR capital. itiso provides tpnt there be created ft borrower 01 the very inoney wnicn had Within the last ten years he has different class of banks, namely, the been assembled for his particular use. DURING PAINT UP AND CLEAN UP SEASON organized and operated two large institutions Joint stock land banks. He pointed out how In the case of for the handling of farm BIO LAND BANKS "Following the analogy of the national AND ALL THE YEAR AROUND the establishment of federal land banks, the act provides that banks the government had subscribed from the outset, those banks shall be E. SOL VANG WHEN .YOU WANT TO—\ to the stock of these banks as a temporary organized by private individuals. The FIX THAT FENCE or to G. Holmqaiat aid to the particular class of stock shall be subscribed by private LAY THAT FLOOR Cabinet Maker, Furniture borrowers It was intended these banks individuals, and when $250,000,00 is George W. Wickersham Tells SEE should accommodate. But, he said, HANG THAT DOOR Repairer, Picture Framing, I subscribed, then the bank may begin this was only a temporary aid and that BUILD THAT SMALL [General Carpenter, Contracttor How Federal Institutions Its operations. the government had provided that the BUILDING OR COTTAGE] and Builder. stock which had been subscribed by Will Be Taken Over. Joint Stock Banks Controlled. i502 THIRD STREET or any Big Carpenter job—) the government should be taken up "Since the enactment of the law, 27 eventually by.the borrowers so that in TO BUT GOKRNMEHT STOCK of such banks have been organized in the end, in a very short time, the small vt. different parts of the country, and they borrowers will own their own banks, are set forth in the petition, and their that is, that the federal land banks aggregate capital is something more Automobile Tourists will be privately owned in the end than $5,000,000. even as the joint stock land banks are Ac­ "Now despite the fact that those Eventually the Borrowers Will now privately owned. banks,are privately owned, from the quire Complete Ownership of Banks When In Minneapolis Stop at Federal Banks for Associations. beginning of their operations, they and Established Under Federal their operations are subjected to control. "The federal land banks do not lend Farm Loan Act. They are invested with the same to individuals," said Mr. Wickersham, powers, they are made subject to the "they lend to organizations of borrowers, Hotel Lincoln That the federal land banks and the same liability as are given to and. imposed who together must desire at-least joint stock land banks are important upon the federal land banks. $20,000, and who must organize themselves supplements to the national bank system into a farm loan association, and the federal reserve system was and they must subscribe to 5 per cent emphasized by former Attorney General GREETS HIS "DEAD" BUDDY NICOLLET AVE. AT NINTH ST of the amount of the loan which they George W. Wickersham in the federal seek, in the stock of the federal land court at Kansas City, where he Veteran Meets Comrade on Street He bank, as a condition to securing the OPENED SEPT. 1st. 1918 appeared with Charles E. Hughes and Had Thought Killed on loan. K. W. G. McAdoo to defend the constitutionality "Provision is made that when these Battlefield. of the farm loan act. H. A. Moehlenpah. banks are set up, if within a limited Especially convenient for auto parties as Nicollet Avenue Mr. Wickersham, who with Mr. McAdoo, Norwalk, O.—Benjamin Robinson, a time subscriptions are not made to the loans. The first of these is known as is the leading- road from all point, and has no car tracks. appeared as attorneys for the former lieutenant in old Company H, stock by others, the federal government, the Wisconsin Mortgage and Securities joint stock land banks, made very Within two squares of 5 large garages. Adjoining the cities' Cleveland, thought for a time that a through the treasury department, company and has a capital stock clear the exact service which the federal comrade whom he believed dead had shall take up the minimum largest stores. of $200,000. It was organized in 1914 land banks perform and their come back from the grave. amount of stock with which they are and during the first five years of its exact relation to the financial system While walking on Main street Robinson authorized to start business, to-wit, existence it made loans to sixteen hundred Rooms at $1.00 per day. With private toilet 25 cents of the country. He also made clear in $750,000.00. Then, as they proceed in stared hard at a man in military farmers aggregating five millions extra with private bath 50 cents extra. In addition there what respects the joint stock land uniform. "Brown, Is that you?" he their operation, as they loan to these of dollars. The second of these institutions banks differ from the federal land gasped. "Why, the last time I saw are suities of rooms with separate toilet, each room having associations, and as these associations is known as the Bankers' Joint banks. subscribe to their stock, by and by, by you, old buddy, I thought you were Stock Land Bank of Milwaukee, organized connecting bath—an ideal arrangement and only found here. dead with a bullet through your brain," the operations of the system, the stock in 1918 under the federal Protecting Small Borrower's Rights. which the government has taken is retired, said Robinson. farm loan act, with a capital of $250,000. Both types of banks (federal and and ultimately those banks come Dudley Brown, the man who came Cafe in connection—Hotel Lincoln guarantees an atmosphere This institution now has about joint stock) were created by the government into the control of their stockholders. back to life, was top sergeant of Robinson's seven hundred loans in effect totalling to provide aid for the agricultural of home refinement!:. company. He was' shot through $3,000,000. interests of the country. Mr. Farmers to Own Banks. the brain during the Argonne drive on Wickersham said that the government Understands Farmer's Needs. "The federal government, as a stockholder, -Proprietors- October 31,1918, and given up as dead. WM. B. CAMFIELD- -F. S. GREGORY with wisdom and singular comprehension, While these facts show the financial will pass out, and if the system Later liie surgeons saved his life. had reached out to take care of relation of Mr. Moehlenpah to agricultural be successful, after a certain Brown was here with the war-trophy For past ten years with Minneapolis leading hotels. every element of borrowers. Therefore interests, they barely hint at his length of time, the land banks will be train. Robinson also received a severe the federal land banks were created to great activity in behalf of the farmers owned by the various loan associations wo.und while fighting in the Argonne. provide credit for small borrowers, and for he was active in Wisconsin and at which are borrowing through the land the joint stock land banks were created Washington, D. C., in behalf of the banks, and they will go ahead on the to provide a similar agency legislation which resulted in the passage VICE BOOMS IN THIS OIL TOWN impetus of private ownership. through which the larger borrowers of the farm loan act. His last "Having thus provided a system among farmers might secure ample work in Wisconsin before going to She joined whereby this great scheme shall be Waggoner, Most Wlde-Open of Texas Washington was that of getting under funds, without having to rely upon the launched and become at once operative Citjes, Has Nc Municipal Government. funds which had been assembled for way the organization of a cattle loan our and money shall become available the use of the small borrowers, and company for the purpose of financing to the farmers -desiring it thfiJlct without rinnf-pr of depriving the small the movement of pure bred stock from Burkburnett, Tex.—Waggoner City, southern Wisconsin to northern districts the tented oil town of more than 10,000 of that state. He had been active inhabitants, situated five miles Rankin for many years encouraging better from here, is concerned over whether farming and has been identified it shall have a municipal govern with many movements like grain contests, ment. exhibitions in rural schools, CLU1 The election of a few weeks ago, at formation of country development associations which only 60 qualified votes were with and educational excursions cast, resulting in favor of incorporation, made^or the purpose of introducing has been upset by a court deci pure bred stock and pure bred seeds. sion. Many times he has been chairman of The fact that the town is at present the committee for such work in charge. the most "wide-open" community in Knows Big Policies. the United States, and perhaps has no "However, Mr. Moehlenpah is not /viext counterpart In the matter of gambling Xmas It's just what you've been merely a country banker. He is one and playing for big stakes, as well as looking for. "THE ART who understands the larger aspects of OF TRAPPING" is the best in other notorious respects, even in the she will and most complete Trapper's finance and is able to think of financial heyday period of mining towns of the Guide ever published— problems in large units. He was a prepared at great expense— West, makes "the question of placing it by experts. It eives a complete considerable factor in the discussions under municipal control of unusual interest and accurate description, of the federal reserve act before it picture? and tracks of the different to the element that is profiting Fur-bearerB of North became a law and perhaps more than by the present lack of law and order. America it tellswhenand where any single individual was responsible to trap the best and most successful trappin methods the right kind of baits and for the endorsement of this act by the scents the sizes of traps to use the correct way of Aged Person Confirmed. skinning and handling the different pelts to make Americr Bankers' association. When them worth the most money the trapping laws of Eau Claire, Wis.—Truno Roland, the federal reserve act was before congress, every state. ,ni0 "SHU BERT" one hundred and five years of age, the American Bankers' association will send this great book FREE to any one interested who has been living at the Sacred called a conference in Chicago of iJ1 in trapping or collecting Fur-bearers. Heart hospital for six years, was confirmed the bankers of the country for the purpose Just si'-nand mail the coupon today. If you haven't joined our Christmas banking club, come "THE ART of TRAPPING" is NOT a supply catalog-but by Bishop Schwebach, La of securing suggestions for a real Trapper's Guide containing information of inestimable UaS: in and do so today. value to any trapper. It will guide and help the Crosse, after he had confirmed a class amendments it was felt would be experienced trapper and teach the beginner the art nf of 218 at St. Patrick's church, and another successfully trapping the North American Fur bearers. No needed. Men, Women, Boys and Girls all should join and we ur-»e trapper or Fur collector can afford to be withont this great class of 58 at Sacred Heart book. Send for your copy at once. Represents Country Bankers. SHUBE RJT,INC. church. The bishop made a special you to jom for you own As a result of that conference, Mr. trip to the hospital to administer the THE LARGEST HOUSE IN THE WORLD DEAUNG EXCIUSIVCIY IN RAW FURS Moehlenpah was appointed a member AMERICAN sacrament of confirmation. Mr. Roland, There are to ft every purse—I cent, 2 cents, 5 cents, dnbt of a committee of fifteen representing 25-27 W.AUSTIN AVE CHICAGO. U.S.A. who is a Yankee by birth, who 10 csats, you your deposits each week with the bankers of the United States. He S where iMrease Si A NCf Al'C HiS OU ON TOO A. spent most of his life in Alabama, became represented the country banks, all the the amount you started WITHOUT OBLIGATION SEND ME with. a convert to the Catholic church other members being large city bankers: "THE ART OF TRAPPING-" at ninety-eight. He is undoubtedly the A. P. Hepburn, New York W. A. oldest person ever confirmed in the We also have 5§ %IM and $Sf0 clubs where you pay Maddox, Atlanta, Ga. J. B. Forgan THE BEST AND MOST COMPLETE TRAPPER'S GUIDE EVER PUBLISHED United States. Considering his years, and keep me posted on Raw Fur Market* and G. M. Reynolds, Chicago, and in the week. he Is fairly active and spry. Conditions during the Fur Season of others. 1919-J920 N But jom jsin today. FARMERS FRIEND ame. (PLEASE POINT f*AME) FIRST NATIONAL BANK Fost OfFi APPLES ONRESERVEBOARD .• Stoie. County Minnesota- International Falls, "*r H. A. Moehlenpah New Appointee, BACHFURCO Your Raw Furs It Pays to Advertise Long Interested in Agriculture. --it means REPRESENTS COONTRYBANKS Highest ruling Market Prices. Honest Grading of the Sizes. THE STUBEE Has Been Active in Encouraging Rural The Most liberal Assortment Mad'e. Development and Introduction of Courteaus treatment—square and Better Farming Methods— is straight. Self-Made Man. Sash and Door Factory Buy your winter apples Prompt Returns and sound advice. Appointment of H. A. Moehlenpah of As to the Market's fall or rise. now. Fine Johnathns Wisconsin to the federal reserve board IS NOW OPEN FOR BUSINESS establishes a link in the banking system Ask for our prioelist—it will open $3.25 per box, for one of America which connects the y^ur eyes as to what Raw Furs are great commercial and agricultural interests week only. Cooking apples worth these days. Do not dispose of We Are Well Equipped to do All Kinds of and serves tb create a sympathetic understanding between the various $2.25 per box. a single skin before you have had our factors in the financial organization MILLWORK valuation. of the nation. and you will make no mistake by getting For Mr. Moehlenpah was essentially BACH FUR COMPANY their prices before ordering elsewhere a country banker—a big one and an influential one, to be sure—but nevertheless Buyers—Merchants—Exporters a farmer's banker and a banker representing and understanding the of Building and Contacting & Specialty needs and problems of agriculture, and S. E. Thompscn &.Son ~All Work Guaranteed of the small bank. He takes to the American Raw Furs 1 feleral reserve board, which of course, 108-110 West Austin Avenue stands at the head' of our financial I LARS STUBEE, Pyop. system, a .profound knowledge of what Chicago, 111. Pliene 128 Is 9- required in the way of financing for Direct representation: New York, London, the agricultural interests of this country. 2nd Avs. and 6h St. Phone 50 International Falls, Minn. Since 1893 he has been connected, Paris, Leipzig first as cashier and later as president jyjth the Citizen's BniOf ef £lip- •'Vt W