FLAT INTEREST ON
FARM BANK LOANS
Fixed at 5 Per Cent, at Confer
ence; Individual Capacity
$25,000
Baltimore, Md., March 30.—George
IJ. Stevenson, president of the Balti
more Federal Land Bank, has return
ed from Washington where he attend
ed a conference of the presidents of
the twelve federal land banks, with
Secretary of the Treasury McAdoo,
and the members of the Federal Farm
Loan Board.
He expressed gratification over the
fact that this conference had lixed a
Hat interest rate of 5 per cent, apply
ing to all parts of the United States.
He declared that this interest rate
would prove a great boon to the farm
ers of the eastern States and predict
ed that within a year the Baltimore
Federal Land bank will have made
loans aggregating $10,000,000.
Mr. Stevenson also announced that
the conference of bank presidents
passed a resolution requesting Con
gress to increase the limit of the loans
permitted to an individual borrower
from SIO,OOO to $25,000. He express
ed the hope that the special session
of Congress, soon to convene, would
make this change for the large bor
rowers of the Baltimore bank dis
trict.
In order that more funds may be
available for investment in farm loan
bonds, and in turn made available to
lend to farmers of this district, Mr.
Stevenson urged that the Legislatures
of Pennsylvania, West Virginia, Vir
ginia, Delaware and Maryland, imme
diately pass laws making farm loan
bonds approved investments for trust
funds, insurance companies and sav
ing banks.
Mr. Stevenson announced that the
bonds issued by the twelve federal
land banks would be placed on the
market at 4\s per cent., but would
probably be sold at premium. He ex
pressed gratification over the fact that
the Federal Farm Ix>an Board has an
ticipated that at least $100,000,000 of
these bonds will be issued during the
coming year and is making arrange
ments which will assure a ready mar
ket for them. All of this money will
Gingerole Ends
Backache and
Headache Instantly
Hub It On Freely; It Won't Blister,
Stops Rheumatic Agony and
Reduces Painful Joints
For miles around, people are com
ing for GINGEROLE. The report of
its power to stop all aches and pains
almost instantly and to end all sore
ness and lameness speedily has had
its effect and the supply of 25 cent
boxes at the drug stores is going like
hot cakes.
Thousands use it for neuralgia, for
lumbago, neuritis, for sore throat and
chest colds. Nothing like It for sore,
Inilammed feet or burning bunions,
corns or callouses. A big package for
25 cents on money back if dissatisfied
plan. But be sure you ask for and
get the original GINGEROLE. All
first-class druggists supply it.
For sale by Gross' Drug Store, Croll
Keller, Clark's Medicine Stores and
dealers everywhere.
Jewelry For Easter
You Will Always
Be Glad If You
Buy at CLASTER'S
•I No doubt your dressmaker—your milliner—your tailor
or your haberdasher has taken particular pains to provide
you with garments for Easter that are distinctive and
exclusive.
•J How about your jeweler? Does he render you the
same kind of service?
•J CLASTER'S rule is to offer you something different
—something newer—something better than you will find
elsewhere.
•J CLASTER'S stock is largest—it is also newest—the
assortments here are extensive—bewildering in variety
and magnificence—yet you will find no duplicates.
<1 When we sell an article for personal use—it belongs to
the wearer—individually. We will not sell another just
like it, except upon request.
<1 This protective service does not apply alone to special
lines, but to all jewelry—even to our lines fbr children.
Jewelry makes the most sensible
EASTER gifts because it perpetuates
the sentiment and good will of the
giver for years—the cost is little or no
more.
Come Here For the Newest Styles The
Prettiest Designs in Gold Green-
Gold White-Gold and Platinum
Crosses, Rosaries, Lavallieres,
Beads, Pins, Brooches, Bracelets,
Rings, Chains, Charms, Watches,
Wrist Watches.
and the
LARGEST AND FINEST SELECTIONS
OF
Diamonds and Diamond Goods
We have thought of everybody—every taste and
every purse.
H. C. CLASTER
Gems Jewels Silverware
302 Market Street and No. 1 North Third Street
FRIDAY EVENING. HAmRISBURG TELEGRAPH ' 1 MARCH 30, 1917.
be made available to the farmers of
the United States at 5 per cent.
To borrow from theso federal land
banks, farmers are required to organ
ize themselves into groups containing
At least ten farmer-borrowers and
each group asking for at least $20,-
000 of loans. The Baltimore Federal
Land Bank is now prepared to furnish
a blank form of articles of associa
tion to make the organization of
these groups simple and easy, ptlier
necessary blanks will also be furnish
ed on application.
Farmers are permitted to borrow
up to 50 per cent, of the appraised
value of the land, plus 20 per cent,
of the value of the permanent insuri il
improvements. Loans are to be made
at 5 per cent, and must be retired on
the amortization plan, which means
repayment by fixed annual payments
throughout the period of the loan. The
loans may run from 5 to 40 years at
the option of the borrower. The object
of these long time loans is to enable
the farmer to lheet these small an
nual payments out of the increased
earnings at the land, made possible by
the Investment of the borrowed
money.
This new banking system is purely
co-operative. It is for the sole use of
farmers and prospective farmers.
Farmers will eventually own all of the
stock of the federal land banks and
they will elect the officers of these
banks. There is no opportunity for
individual profit in the entire system.
The preliminary organization of
national farm loan associations has
progressed to a degree far beyond the
expectations of the Federal Farm
Loan Board at Washington and
everything points to the unqualified
success of this new enterprise.
Passiontide Service to
Be Held at St. Paul' 3
There will be a choral litany at St.
Paul's Church to-night at 8 o'clock.
Tho Rev. Appleton Gramis, rector of
St. Anne's Church, Lowell, Mass., will
preach. The Rev. Mr. Grannis is not
only ono of tho leading clergymen of
his diocese, but has done missionary
work among tho suburban hills of
New Jersey, among the cowboys on
the ranches of Arizona and In the
slums in different sections of New
York City.
At the Church of the Holy Apostles
in New York he successfully carried
forward the widely known work of
Bishop Paddock with which the Rev.
H. E. Clute, of Harrisburg, was con
nected. At Trinity, Boston, he helped
continue the remarkable work and
influence of Phillips Brooks. Before
going to Boston he was chaplain of
Columbia University. This is Mr. Gran
nis' first visit to Harrisburg and the
people of St. Paul's hope to give him
a cordial welcome. He is on his way
to meet important engagements in
Pittsburgh on Palm Sunday and dur
ing Holy Week.
Veterans of Foreign Wars
Commander-in-Chief to
Inspect Local Post
Commander-in-Chief Albert J.
Rabing and staff, of the Veterans of
Foreign Wars, will arrive in Harris
| burg to-morrow afternoon and will be
received by a committee from How
ard L. Calder Post 31. Members of the
post and the Ladies' Auxiliary will
greet the guests at 2 o'clock.
Commander Rabing is completing a
tour of inspection of the various posts
throughout the country and this will
be his first stop en route to his home
in New York City.
The reception committee la J. K
Reist, R. A. Fulton, H. D. Myers, I<\
P. McGlnnls, T. P. Moran and C. A
Jeffries.
"The Live Store" "Always Reliable"
/
I Got In Easily Enough—
Marched Through the Gate
I I Like One of the Invited Guests—
Thanks to My
Michaels-Stern S
and incidently "yours truly" was the liifift
only newspaper man who "got in."
"Getting in" and "getting on" are fifty
per cent, personality and fifty per cent clothes.
If you have the PERSONALITY—we
can supply the CLOTHES.
I Make it a point to see our windows—The dis-
I play is a treat for young men—all sorts of original and I
novelty ideas for live young chaps on the alert for something
"different." See the new belted suits, with belts all around and with pleated backs. Note the
vertical pockets on some models —We can't begin to describe all of them here—You have to
see them to appreciate them.
I MICHAELS-STERN I Suits and [
I KUPPENHEIMER Top Coats I
*2O = *25 = *3O
"Stetson Hats" m I
I | SCHOBLE and HAWES HATS |
I ;In Harrisburg's most complete Hat De- J
I j partment—"Doutrichs"—Hats for everybody, in By ! 1
j every color and style,
I | $2.00, $2.50, $3.00 1o ROO ' j |
i The Boys' Department on the "Balcony" all I
I by itself--a pleasure to shop here, a rest for mother 1
I as well--tremendous stocks—reasonable prices Boys' Suits I
I $5.00,56.50, $7
I New Shirts-Neckwear—Spring Underwear
' N
I 304 I ill II lil rill IN if Harrisburg, I
I Market St li Penna
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