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About The North Platte semi-weekly tribune. (North Platte, Neb.) 1895-1922 | View Entire Issue (Aug. 11, 1916)
0 tmp fiFMI.WFFKLY TRIBUNE, NORTH PLATTE, NEBRASKA. The Federal Farm Loan Act Synopsis of Its Salient Features Prepared by H. M. Hanson, Secretary-Treasurer Farm Mortgage Bankers' Association of America V. FEDERAL FARM LOAN ACT Passed by the House of Representa tives and the United States Sen ate June 27 and 28, 1916, Respectively. Signed by the President July 17, 1916. 3. Provides for a federal lnntl bnnk system In the continental United Stntcs (exclusive of Alaska), dividing the country into twelve land bank districts composed of whole states. 3. The system Is operated as a bu reau of the United stntcs treasury de partment and supervised by the fed eral furm loan board. The secrctnry of the trensury Is ex-ofllclo clmlrm.m of the board with four other members Appointed by the president for eight yenrs at an annual salary of $10,000. One member la designated farm loan commissioner and Is the active execu tive olllccr. 3 Appointees of Board: (u) Farm loan registrar for each laud bank dis trict and (b) Ono or more land appraisers for each bind bnnk district. Salaries paid by federal land bank or joint stock land bank for which they act. (c) Laud bank examiners; salaries paid by the United states. (d) Attorneys, experts, assistants and other employees to be paid by the United States. 17. Powers of the Board: (a) To organize and charter federal land banks, Joint stock Innd banks nnd na tional farm loan associations.. (b) To review and niter the rate of Interest to be charged by federal land banks for loans. (c) To approve or reject any or all loans for bond Issue and to grant or refuse any specific issue of farm loan bonds of federal laud bunks and joint stock land banks. (d) To regulate charges for ap praisal, examining titles and record ing. (e) To appraise laud securing mort gages for bond Issue. (f) To exercise general supervisory authority over the federal land bunks, farm loan associations and joint stock land banks. 30. The farm loan commissioner shall examine the laws of every state and If on examination tlio laws of any state arc shown to afford Insuillclcut protection to holders, its mortgages shall be declared ineligible under this act during the continuance of the inws In question. 32. The secretary of the treasury Is authorized to deposit United Stntcs funds in fcdernl Innd bunks at current government rates of interest, tho ag gregate of such funds not to exceed $0,000,000 at any one time. FEDERAL FARM LOAN BANKS ORGANIZATION. Section 4. One in each Innd bank district Branches permitted within its district. Olllcers: President, vleo president, secretary nnd treasurer; dl rectors; slx representatives of farm loan associations and three represent ing the public Interest. Attorneys, as sistants, experts and other employees, All salaries fixed by fnrm loan board and paid by bank. Subject to scmlnn mint examinations by land bank exam iner. CAPITAL STOCK. Sec. G. $750,000. May be owned by Individuals, firms, corporations and tho United States and state governments. Sec. 5. Shares, ?5 each. Sec. G. All stock remaining unsub scribed 30 days after subscription books are opened shall be subscribed by tho United States nnd thereafter only the United States government and borrowers may acquire shares of stock. Sec. 5. United States government not to participate In dividends. All other stockholders share dividends equally. Sec. 5. Ttip original capital stock shall be gradually retired nfter the stock hold by farm loan associations shall amount to $750,000. Sec. 5. Not less than G per cent of capital shall bo Invested In United States government bonds. , POWERS. Sec. 13. To buy flrst farm mort gages within Its district and to Issuo and sell furm loan bonds. Sec. 13. To receive from fnrm loan associations Interest and amortization payments ou mortgages nnd farm loan bonds. Sec. 13. To acquire and dispose of real and personal property necessary for the convenient transaction of bus! ness; and land taken In satisfaction of debts or purchased under Judgments, decrees or mortgages held by It. Shall not hold title exceeding five years. Sec. 13. To accept deposits of se curities or current funds from member associations but pay no Interest thcrc ou. Sec. 13. To borrow money on se curity and pay Interest thereon. Sec. 13. To buy nnd sell United States bonds. See. 13. To appraise lands for bond Ktiit! nnd to charge applicants nnd bor rowers the cost of land upprnlsnl, ex. ntiiliilug titles, recording and other le gal fees, said fees to bo puld In cash or be made part of loan nnd paid In amortization pnymcnts. Sec 14. To accept mortgages only from farm loan associations nnd ap proved agents. Sec 14. To nccept deposits of cur rent funds only from Its stockholders. Sec. 0. To becomo financial agents of United Stntcs government and de pository of public money. Public de posits cannot bo Invested In tuort gages or fnrm loan bonds. - Sec 13. To deposit Its securities and current funds subject to check with nny member bnnk of the federal reserve system und to receive lutorest thereon. BONDS. Sec 20. Issued In series of $.10,000 or more. In denominations of $25, $50, $100, $500 nnd $1,000. Sec. 20. May bear a mnxlinum rate of 5 per cent Interest per nnnum. Sec. 10. Mortgages and United Stntcs government bonds equal In amount to tho fnrm loan bonds Issued nro retained as collateral security by the lund bnnk registrar. Sec. 14. Tho outstanding fnrm loan bonds shall not exceed 20 times tho capital and surplus: Sec. 21. Shall be gunrnnteed by bank of Issue und all other federal land banks. Sec. 17. No Issuo Is authorized without tho approval of the farm loan board. Sec. 22. Substitution of mortgages and United States government bonds held ns collateral to farm loan bonds Is permitted. TAXATION. Sec. 20. The capital stock, sur plus, mortgages and farm loan bonds and all Incojne derived therefrom are exempt from federal, state, municipal and local taxation. Sec. 20. Ileal property taken nnd held Under the provisions of sections 11 und 13 Is not tax exempt. AGENTS. Sec. 15. Incorporated banks, trust companies, mortgage companies or chartered savings Institutions may act as ngents for federal land banks If no farm loan association has been formed In n given locality after ono year. Sec. 15. Borrowers securing loans through agents nro required to sub scribe 5 per cent of the loan to the capital of the federal land bnnk. Sec. 10. Agents nro entitled to a commission of one-linlf of 1 per cent per nnnum on unpaid principal of each loan they negotiate and the bank shall pay agent for nctual expenses for up praising land, examining titles, exe cuting nnd recording tho mortgage pa pers which shall be added to the face of the loan. Sec. 15. Agents shall Indorse nnd become liable for the pnyment of tho loans they negotiate Und the aggre gate unpaid principal of such loans shall not exceed ten times the agent's capital and surplus. Sec. 15. Agents are required to make good any default within 30 days after notice. Sec 15. All collections mado shnll be remitted without charge. SPECIAL PROVISIONS. Spc. 22. Amortization and other payments constitute n trust fund to be Invested ns follows: (a) To pay off maturing farm loan bond Issues. (b) To purchase farm loan bonds. (c) To lend on flrst farm mortgages within the district. (d) To buy United States govern ment bonds. Sec. 23. Reserve nnd dividends: No limit Is placed on dividend distributions nfter a reserve account hns been built up from earnings equal to 20 per cent of tho capital stock and after G per cent of tho net enrnlngs nnnunlly thereafter are added to tho reserve ac count Sec 23. Reserve funds to be Invest ed ns prescribed by tho federal farm loan bonrd. Sec. 27. Farm loan bonds nro lawful Investments for fiduciary and trust funds and security for all public de posits. Sec. 27. Federal reserve bank may buy and sell farm loan bonds. Sec 20. Provision Is made for dis solution and tho appointment of a re ceiver. Sec 14, No commission or charge not specifically authorized in' this act shall be demanded or received. NATIONAL FARM LOAN ASSOCI ATIONS ORGANIZATION. Section 7. Ten farm owners deslr Ing lonns aggregating $20,000 or more may form such nn association. Sec. 7. Its nffnlrs aro administered by five directors, Including president. vice president and a loan cotnmlttco of three serving without compensation, nnd by a secretary treasurer with sal ary fixed by the farm loan board and puld by the association. CAPITAL STOCK. Sec 8. Shares. $5 each; (0) carry. Ing doublo liability; (8) may be owned only by borrowers who nre required to tiubscrlba G per cent of their loan In Hie cnpltal stock of tho association which In turn subscribes nn equal amount of stock In the federal land bnnk. Sec. 8. Shares are paid for In cash or (0) tho nmount mny be added to tho face of tho loan and retired In nmortl zntlon payments nfpnr. In such case tho face of tho loan shall hot exceed the CO per cent nnd 20 per cent lim itation. Sec 7. Assessment on shnrcs mny be levied for operating expenses If funds nro not otherwise avnlluble. POWERS. Sec. 10. To appraise land for mort gage through Its loan cotnmlttco of three Sec ?1. To Indorse nnd becomo liable for tho mortgages of Its share holders. Sec. 11. To receive and deliver tho proceeds of loans to borrowers. Sec. 11. To ncqulro nnd dispose of property necessary for (ho convenient transaction of Its business. Sec. 11. To Issue certificates of de posit foi not longer than ono year and to pay 4 per cent Interest thereon. convertible Into fnrm loan bonds at tho federal land bnnk of Its district. Sec. 7. To receive and transmit to the federal Innd bank payments ot In terest nnd prlnclpnl nnd amortization payments. ' LOANS. Sec. 12. Loans shnll be secured by first mortgages on lund within Its- laud bnnk district Section 12. To run from 6 to 40 yenrs with nmortlzation and with nd- dltlonnl optional prepayments after five years. Sec 12. Interest on lonns shall not exceed 0 per cent per annum on tho unpaid principal , , Sec. 12. Borrowers shall pay 8 per cent simple Interest on defaulted payments. Sec. 12. Loans mny bo made for tho following purposes nnd for no other under penalty: (a) To purchnso land for ngrlcul- tural purposes. (b) To purchase equipment, fertll Izer nnd live stock for the operation of the mortgaged farm. (c) To provide buildings nnd for the Improvement of farm lands. (d) To pay debts existing nt time of organization of the llraj national farm loan association within Jhe county. Sec 12. Maximum loan $10,000; minimum loan $100. Sec 12. No loan shall exceed 50 per cent of thevnluoof tho Innd mortgaged and 20 per cent of tho pcrrannent In sured improvements. Sec. 12. No loans shall be mndo to any person who Is not nt tho time or shortly to become enguged In the culti vation of tho farm mortgaged. Note. All applications for lonns orlginnto with tho national farm loan associations or agents and nil lonns nro made and closed by tho federal land banks. This does not apply to Joint stock land banks. TAXATION. Sec. 20. Snmo as applies to fcdernl land banks. f SPECIAL PROVISIONS. Sec 0. Assoclntlons may retain as commission one-eighth of 1 per cent semiannually from Interest payments on tho unpaid prlnclpnl of lonns. Sec. 0. Associations mny borrow from federal land banks nt 0 per cent annual Interest up to one-fourth of Its totnl stockholdings In said bnnk. Sec 24. Reserves nnd dividends: No limit Is placed on dividend distri butions nfter the reserve nccount built up from net eurnlngs equals 20 per cent of the capital stock and after 2 per cent of the net earnings annually thereafter nro added to the reserve ac count. Sec. 25; Defaults must be made good within 30 days after notice. Sec. 29. Provision Is mndo for dls solution nnd tho nppolntmcnt of n re ceiver. JOINT STOCK LAND BANKS ORGANIZATION. Section 10. A prlvnto corporation subject to tho requirements under this act which may bo formed by ten or moro persons with n board of director's of five or more. Sec 10. May operate within the stato In which Its principal olllcc Is lo cated and within somo ono contigu ous state. Sec 28. Subject to semiannual ox amlnatious by the federal land bank examiner. CAPITAL STOCK. Sec. 10. $250,000 minimum. Sec 10. Double liability of share holders. Sec 10. The United States govern meat shall own none of tho shares of stock. Sec 10, No farm loan bonds can bo Issued until the capital stock Is fully paid, although the bank may begin business when onc-hnlf of the capital Is subscribed and paid In cash, POWERS. Sec. 10. To lend money on fnrm mortgage security. Sec 1(1. To Issue and sell farm lonn bonds. Sec. 10, To Issue fnrm loan bonds up to 15 times the amount of Its cnpl tal und surplus. Sec. 10. Except ns otherwise pro vlded It bus the powers of and sub Ject to the restrictions Imposed on federal land banks. PRIVILEGES. Sec 10. May lend more than $10,000 to any one borrower, but not beyond 50 per cent of the value of tho land nnd 20 per cent of the permanent In surcd Improvements. Sec 10. Loans are not restricted to tho purposes prescribed for nattonnl fnrm loan associations. Sec. 10. Loans may bo mndo to farm owners regnrdloss of whether en gaged In cultivation of tho land niort gnged or not Sec 10. Interest on loans chRll not exceed' inoro than 1 per cent, tho In terest rato established for Its last scries of bonds, nor moro than 0 per cent In nny case Sec 10. Commissions or other charges not specifically authorized by this net shall not bo demanded or re ceived. BONDS. Sec 20. Issued In scries of $50,000 or more, In denominations of $25, $50, $100. $500 and $1,000. Sec 20. May bear maximum rate of G per cent Interest per annum. Sec 10. Bonds shall bo so engraved ns to ho readily distinguishable from federal land bank bonds. Sec. 10. Mortgugca and United States government bonds equnl In amount to tho farm loan bonds Issued nro retained as collateral security by the laud bank registrar. Sec. 17. No Issuo Is authorized with out the approval of tho farm loan board. Sec. 27. Federal rcservo bunks nro authorized to buy nnd sell tho bonds of Joint stock Innd banks. Sec. 22. Substitution of mortgages and United Stntcs government bonds held as collateral to farm loan bonds Is ' permitted. ' Sec. 27. Its bonds nro lawful Invest ments for fiduciary and trust funds und security for nil public (Jepdslts. TAXATION. Sec 20. Tho cnpltal stock, surplus und enrnlngs nro subject to the taxing powers of tho state. Sec 20. Its mortgnges executed un der this net und Its farm loan bonds and all Income derived therefrom nro exempt from federal, stnto nnd munic ipal nnd local taxation. Sec. 20. Real property taken and held under tho provisions of sections 11 und 13 Is not tnx exempt. y SPECIAL PROVISIONS. Sec. 0. Joint stock land banks nro Nando public depositories und financial agents ot tho United Stutes govern ment. Sec 0. Public deposits cannot bo In vested In farm mortgages or In fnrm loan bonds. Sec 10. llntos of Interest for loans under 0 per cent are not subject to review or alteration by the farm loan board. Sec. 13. Shall recclvo no deposits oxcept public deposits. Sec 22. Amortlzntlou and other payments constitute a trust fund to bo Invested ns follows: (u) To pay off Its mnturlng farm loan bonds. (b) To purchnso farm loan bonds. (c) To lend on first mortgages with in Its prescribed field. (d) To purchaso United Stntcs gov ernment bonds. Sec. 23. Rescrvo and dividends pro vided for ns In tho enso of federal land banks. Sec. 20. Provision Is mado for dls solution nnd the appointment of a re ceiver. THIS DEALER HAD REAL TACT Stout and Thin Customers Use Special Mirrors In Wearing Apparel Establishment A dealer In wearing nppnrol, noticing that his stout customers and his very thin customers often were sensitive ns to their figures, installed two full length mirrors of special design, says Popular Mechanics magazlno. One was slightly concave and the other slightly convex. When n stout customer tried on n suit sho was led to the concave mirror for self-Inspection, and was ablo to bco ner uguro ns it wouiu nppcnr with Its measurements reduced. When a thin persdn came In to try on clothes she was taken to tho convex mirror, ... . whero the opposite effect was pro- (laced. Only Moistened His Lips. Omor Scudder, a Columbus real es tuto nnd lnsjraucc agent, told somo of the other business men who hnvo of (Ices In the Bassett building that ho was hot They agreed that they were just ns hot as he was. "1 can cat all tho Ice cream you fellows nre willing to buy," Scuddor declared. Tho others made up GO cents and sent out for n half gallon of cream. They had a notion that Scudder would eat about a quart' after which they would divide the remaining quart among themselves. Scudder surround ed the entire half gallon of Ico cream, smacked his Hps and asked them whether they were not going to got liltn enough Ice cream for n real taste. The business men looked nt each oth er, smiled sickly and returned to their places of business. Indlniuipolls News. The Three Philosophers. For the first time In their lives three genuine, simon-pure plillos- option went out riding In n motor cnr. After they had ridden about twenty miles out In the country the car broke down. Said the first philosopher: "I have long wanted to study certain as pects of nature, ami this affords me the particular prospect 1 most nd mire." Snhl the second philosopher: "I observe there Is a fannhouso over there where food can doubtless bo ob tained In sufficient quantities." Snld the third phlloxoplier: "I have long wanted to be In a situation where, without moving, sustenance would be brought to mo by one friend, while the other discoursed on tho beauties of nature." Life. NEBRASKA STATE WE W S 1 DATES FOR COMING EVENTS. Aug. 17-27 Sovonth Day Advcntlata Conforonco nt Hastings. Aug. 17 to 20. Blonnlal Nobraska Snongorbund foatlvnl at Grand Is- land. . Aug, 21-25 Mo. Vnlloy Photographers' Association Convention nt Lincoln. Sept. 4 to 7. Nobraska Stato Fair at Lincoln. Sept. 12.10 Control Nobraska Fair at Grand Island. Sopt 13. Annual Convention Stato Federation of Labor at Fremont. Sopt. 13 to 15 Old Settlors reunion nt Mitchell. Sept. 17-22 Womon'B ChrlBtJnn Tem perance Union annual convention nt Omnho. October 2 to 7-Natlonal Swlno Show III Ulimiin. uciouor xi'iz sinio Aiccung unum Lodgo Dcgrco of Honor nt Lincoln. October 17-201. O. O. F. Stato Con vention nt Lincoln. Intorstato nnd transcontinental nu tomobllo traffic through Nebraska via tho Omahn-LIncoln-Donver highway has Increased more than 200 por cent recently according to Hastings garngo mon who say tourists claim tho dusty condition of tho Lincoln highway fol lowing grading work makes It rutty nnd almost Impassible. A largo posso ot farmers and poo- plo of Sldnoy, Sunol and Lodgcpolo captured two men, following tho rob bery of tho Farmers' Stnto bank at Sunol nnd tho killing of two farmers taking part in tho pursuit, of tho rob bor. Tho robber secured $1,200, which was Inter recovered.. Ono of tho men captured, identified ns tho bandit by tho cashier of tho bank, gavo his nnmo as II. G. Lukons ot Imunont, Colo, Tho largest salary paid nny minister in Polk county, and, In fact, ono of tho most iiubstnntlal salaries paid a nnitm. In H,A -Into mial,1n 1n inrirnr cities, has' beon offorcd by tho Eden Baptist church of Stromsimrg, and accepted by tho formor Baptist rain lBtor of North Platte, tho Rov, John L. Barton. Clifford Tuttlo, nbout 30 years of ngo, wna ahot nnd almost Instantly killed by hia divorced wlfo at Scotta bluff. When taken Into custody, Mrs, Tuttlo Bhowod no romorao and when Interviewed at tho jail rofused to talk, oxcept to any that alio had good rca sons for shooting him and would prove It In court. A number of dairies In Omaha havo announced an lncreaso In tho price of milk. Tho Alnmlto dairy, ono of tho largest, has raised tho prico from 8 to 9 centa a quart for milk, and from 8 to 10 cents for one-half pint of croam. Practlcaly every dairy In town la expoctcd to follow suit. Mayor Rawllngs of Wymoro lias an' nounccd that ho would mnko the raco for stato Bonator from Gngo and Paw nee counties on tho republican tick et by petition. IIo oxpocts to clr- culato hia petitions for slgnnttiren in both counties Boon. Nebraska hunters, who wero oagor- ly watching for a month'B additional shooting of game birds In March, may bo doomed to disappointment, Fedor- al Game Warden R. P. Holland ot Kansas Intimated during a visit at Llncon recently. remission hna been granted L. J. Price of CnB;por, Wyo to InBtall and operato an electric plant nt Hard son by tho board of trusteos. Work will begin or tho plant at onco and Hnrr!flon wl(j bo out ot darkness bo- j0TQ jon iMiimi'-- ir,H fnP wi, u i,. . . . ' ' . annn0fi iw ,inv . . tTt, . I I IUKIUUI OVtT KIVU1I 111 llllDlMlKn HIV J. mnv . . mo . ,, Organized traveling men have bcon .... snvitea to participate Ogallala will hold Its first annual round-up at tho end of tho Old TexnB trail, August 24 and 2!5. Two thou sand dollars In prizea will be awarded to riders and others who enter In the bucking and numoroua other contests. Riley Long, n highly respocted nnd prosperous rnrmor, living sixteen miles southeast of Hay Springs, was Instantly killed by lightning. The driest July ovor recorded in tho wenthor annals of Omaha was tho month Just pnssed. Less than hnlf an Inch of rain fell during tho month. Gngo counly oreodors ot pure bred live Btock met at Bentrlco Inst Fri day and organized a county breeders' association. Tho orgnnlznntlon of a county association Is oxpected to add to the breeding of puro llvo stock In that Bectlon of tho state. Tho old settlors of Gngo county will hold their annual picnic at Bea trice on ThurHiluy, August 21. Govor- nor Morohend nnd Mr. Minnie Knox, noting Becrbtnry of tho NebniKka Stnto Historical society, havo boon Invited to make nddrosscB, York's $100,000 hotel Is now as sured. Tho offort to rnlMO $35,000 bonus has beon going on for somo months. At this time thoro is .less thun 7,000 to 'raise and It 1b thought that amount will bo Hecured soon. Secretary Duncnu of the Horticul tural Society sayB that the fruit ox dibit at tho coining Stato Fair, Sep tember 4 to 8, will bo tho largest dis play over shown. Pinna and specifications nro now on file with Agent McFndden of tho Northwestern for tho erection of n now depot at York. County commissioners of Hamilton county disallowed tho clnlm of $15, 000 of Frod Luff for domagos alloged by him to hnvo resulted from fftlso Imprisonment nnd malicious prosecu tion. Lure was arrestee; nnu tnou ior nllogod assault on Nels Nolson. IIo was acquitted by tho Jury. In pro Bonting his clnlm ho declared that long boforo his trial ho proaontod ovtuonco oicnriy OBWDiisning ma in- ndcence, Dut that thoy had Ignored It, employed apecial counsol to iiBslat tho county attorney nnd continued wb prosecution. Thirteen carlonda ot horaea from a parta 0f northwest Nobraska wero Inspected at Chadron laat wock by French officials. Tho inspection was the fifth ono hold In Chadron tho laat n,0nth by roprcaontatlvoa of tho dlf fort belligerent nations. It la estimat ed that flvo thousand horsoa hnvo boon shipped from that market dur lntf tho last two years for war pur poses. Snvnrnt ernwn nt ntionn comnnnv ,nboror8 nro bolng employed at points nln,,i lin Tfnnmnv.SJnnlntnn lino. erecting oxtonaion linos. Tho com pany has already completed a now lino Into Amherst and Rivordnlo, nnd othors will, bo constructed as rapidly as possible. Sumner will bo tho con centration point of high lino business, thrco noa bong cont0rod there Ezra Mookor, famous as ono of tho onr,y tmvolo on tll0 0pcgon lnvuf passed through Hebron tho other day in an automobllo. He ifl following tho old trail ao clo8oly aa possible, selling books of personal experiences of pioneer days nnd trying to intorost people In a proposod nntlonal road to bo controlled by tho government. An Investigation of tho feasibility , of constructing a hydro-olectric plant on tho silo on tho Bluo river at Bnrnston, controlled by G. W. Stein moyor of Beatrice, la bolng mado by n Chlcngo onglnoer. It tho plnnt Is finally constructed the promotoro pro- poso to furnish electric current to adjoining towns. Reports lndlcnto that olovnlors' aro rapidly filling at alt Nebraska points and that whllo tho car shortago has not yet lilt tllO BurlingtOIl lUltl North western railroads, cars aro getting scarce. Famine conditions nro predict ed on thoso roads within two weeks unless thoro la a change In condi tions. Frank Connoll nnd R. Grange Luk- ona, charged with tho murder of Paul vhuik i Hi nu i-iiuii mm iuu iuuuuij of tho Farmers' Stato bnnk nt Sunol woro committed without ball to the district court, which moots next Sep- temper nt Sidney. A commlttoo from tho Commercial club of Hnrtlngton will moot with Dan V. Stephens nt Fremont In thn ,u ir ulu lo "u owimiuiw l holn them aoeuro a now government poBtofflco building at that place. Prominent mon of Omaha nro mak ing an effort to havo Charles E. Hughes, republican candldato for prcsldont, to visit tho metropolis this fall during tho weok ot tho semlcen tennlal colouration, Octobor 1 to 8. . Many farmera over NobraBka Bay that tho recent rains came at Just tho right ttmo and that corn has seldom lookod bettor to them. In aovornl parta ,of tho stato thoy any tho corr. crop will bo tho largest In years. A proposition la bolng submitted to tho cltizona of Nollgh and surround, ing country to build n pormanent pavilion a nivorsiuo yuut near u town to no ubou tor nu purposes, in cluding tho annual fair, at n cost of $3,000. Burt county Is Boon to hnvo u hand- somo now court houso to bo built at Tokamah. Tho present ono la inade quate nnd tho county nnd Tokamah lmvn ,onB folt Ul necd ot a bottor ouuuing. Tho tenth anniversary celebration of tho founding of tho vltlngo of Polk will occur on August 17. A big time . ..... - -. . . B anticipated. On iho following day the Ilodpath chnutauqua will open for In flvn Invn' nnRRinn. a flvo days' session. A now ferry boat haB boon com pleted and put Into service between Nebraska and South Dakota nonr Wynot. Tho merchnntfl nnd business men of Chadron recently colobrated tho thirty-first anniversary of tho founding of tho city. Tho Union Pacific has laid more than 20,000 feet of track at tho Ger- ing sugnr factories this summer, Work Ib expected to begin on Fre mont's alx-Btory, nil modom $200,000 hotel about August 15. York collego campaign to ralao an endowment fund of $300,000 la meet ing with bucccbb everywhere. One hundred thousand dollnrs has nlready boon pledged and now come twenty bualness mon of tho city and pledgo thomBOlvos moro within ono year. II. Vorsaw of Ewlng was awarded tho contract for building Ewlng'a now school house. Work on tho pre liminaries Incident to the commence ment of actual work on tho building Ih being pushed. Tho building when complotod will cost nearly $35,000. Mrs. Edward Thiol, Omaha, was In stnntly killed when an automobllo turned turtlo on Broad atreot hill, Uvo mlleB north of Fremont. Her neck was broken. Threo othor occupants ot the cnr wero uninjured, Tho new HokeiiBon hotel nt Polk will bo opon to tho public about-September 1. Tho atructure Is built of otlck and Ib modern In every detail. It waB orectcd at a cost of $18,000. , Tho total value of asessablo prop erty In Douglas county, according to tho new assessment, la $257,730,535, na compared with $240,524,420 in 1015.