Excerpt from The Federal Farm Loan System: New Method of Farm Mortgage Finance, Under National Supervision, a Practical Manual Upon Organizing and Conducting National Farm Loan Associations, Also Joint Stock Land Banks, Showing How Farmers, Investors, Bankers and the Public May Obtain the Fullest
The Federal Farm Loan System of 1916 possesses potentialities of transcendent importance to the American people. Utilized to the utmost by farmers and investors, with the patriotic aid of the business interests whose welfare is dependent upon a prosperous agriculture, the new statute may prove to be epochal in its economic and social benefits.
The new law is not perfect. It is the work of many minds. It is a well-thought-out basis for a system that (1) could command the necessary votes to become a national law, and (2) bids fair to accomplish the purposes it aims to serve.
The object of this book is to aid those who so desire to enjoy ail the advantages of the new Federal Farm Loan System.
The Act is the Magna Charta of American farm finance.
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