—Lancaster* Farming, Saturday, October 20, 1962 20 Farm Loans Are Largely From Banks Pennsylvania banks were serving farmers with more cre dit and other financial services than any group of lenders at the beginning of this year, ac cording to Stanley Musselman, Asst. Vice Pres & Manager of the Agricultural Dept of the Lancaster County National Bank, who represents the Pen nsylvania Bankers Association as Lancaster County Agricul- tural Representative Based on the 21st annual farm lending summary of the Agricultural Committee of The American Bankers Association, Mr Musselman reported that at hte beginning of the year Pennsylvania banks were help ing farmers with $204-million in loans, 8 per cent more than a >eai previous This total in cluded $ 108-nullion in pro duction loans and $96-milbon in farm mortgages At the same time, sll-inillion in farm loans was held by life insur ance companies, $3l-nullion by the Federal Land Banks, $2B-milhon by Pioduction Cre dit Associations, and $l2-mill lon in non-real-estute loans plus in real estate loans by the Farmers Home Administration About 73 pei cent of the production credit extended by lending institutions to Pennsylvania farmers came from banks. * Mr Musselman said that in Pennsylvania, aa well as throughout the coun< try, are taking a realistic look at agriculture, appraising it from the standpoint of its total contribution to the econ omy Thiough the years th» agriculture industry, as a part of the total economy, has re mained relatively stable, with the "off the farm" portion becoming increasingly signific ant Bankers, therefore, are broadening their services ano are developing and promoting programs that consider the interwoven relationships be- (farmers and i elated businesses Buy or sell with a clas sified ad 1 A “copy” pencil is an indispensable “tool” of the news paper trade. It is free — not from a price standpoint, but in a broader and more vital sense. In the hands of the newspaper people of the free world, it writes freety of the events and issues of the day, unhampered, un distorted, uncensored. Sometimes there are pressures brought to bear on this pencil, blunting the point, blurring the facts. But the point has always been resharpened again. Thai's why Americans are the world’s best-informed people, and it naturally follows, the world’s freest. Your electric company, on the occasion of tho National Newspaper Week, salutes the newspapers m its service area for exercising the responsibilities tuac go with a free press in a free nation. I ZXOURNEVtSrxrtJRJv:* 1 r. V! v* Rational Neu-tpaper Week, Oct 14 20 Suffolk Sheep Join Farm Show Committee HARRISBTTR4S Admiss ion of the 'Pennsylvania Suf folk Sheep Association to mem bership in the Pennsylvania Farm Show Committee today brought to a record 54 the number of affiliate farm or ganizations that will support the. 47th State Farm Show next Tan 7-11, State Secre tary of Agriculture William L Henning announced following a committee meeting The Suffolk breeders, Ford A Cooper, Keynoldsville, RD 2, president, were added to the committee on motion ot Charles E Cowan, Lancaster, y IS FREE PP*L AN INVESTOR-OWNE ELECTRIC UTILIT IN THE SERVICE OF THE PUBLIC and Leroy C. Nailer, Jr., Dills burg, by unanimous action o£ delegates from the other 5|3 member organizations. An ap plication submitted by George V. Hunter, BJ3 2, secretary-treasurer, listed Mil ton K Morgan, Lancaster, as vice president They and three others Robert Kifer, Green sburg. Dr S Philip I*aucks, Dallastown, and Carl Eventt, Bloomsburg, RD 5 are dir ectors. First entries in the 1963 exposition weie leporlod by John B McCool, Farm Show director Several of the sup porting tarm organizations re quested added space or time for exhibits or educational meetings during (iw 5-day show.
Significant historical Pennsylvania newspapers