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Image from page 306 of “Review of reviews and world’s work” (1890)
mortgage loan
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Identifier: reviewofreviewsw54newy
Title: Review of reviews and world’s work
Year: 1890 (1890s)
Publisher: New York Review of Reviews Corp
Contributing Library: Robarts – University of Toronto
Digitizing Sponsor: University of Toronto

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Text Appearing Before Image:
The joint-stock banks will be tmder thegeneral control of the Federal Land Board,but ill have no connection with the twelveLand Banks. They are restricted to 6 percent, interest on mortgages, and the interestmust not exceed 1 per cent, more than theinterest they pay on their bonds; no commis-sion or other extra charges are to be allowedTheir minimum capital stock is 0,000,and they may issue bonds based on farmmortgages to the amount of fifteen timestheir stock. In addition to Secretarx Mc.Adoo. who isan ex-officio member, the Farm Loan Board,as constituted by President Wilson and con-firmed by the Senate, consists of Mr. GeorgeW. Norris. of Pennsylvania, designated asCommissioner, or active cxccutie head ofthe fami-loan system: Judge Charles Lob-dell, of Kansas, a lawyer of long experiencein the farm-mortgage business; Capt. W. S.A. Smith, of Iowa, and Mr. Herbert Quick,the writer on agricultural topics, formerlyeditor of Etirtn and Eireside and now a resident of West Nirginia.

Text Appearing After Image:
ICEBERG SIGHTED BY THE SENECA ON JUNE 8. 1916. (Lat. 42.35 X., Long. 49.36 V.) THE INTERNATIONAL ICE PATROL BY P. T. McGRATH (President of the Legislative Council of Newfoundland) AFTER the loss of the giant White Starliner Titanic, in April. 1912, by strik-ing an iceberg, there was much discussionin Europe and America as to the possibilityof adopting measures to lessen the likelihofidof such disasters in future. The idea ofoperating patrol ships in the area yjuth ofthe Grand Banks of Newfoundland, whereice is a menace to navigation during thewhole year, was advocated and the BritishCjovernment revjlved up<jn a conference onthe subject at I»ndon in the autumn of that• r. with the owners of the leading British-t.imship lines. This resulted in a decisionJo despatch a ship the next spring to cruise inthese waters and gain all the inf<»rmationprrtsible in relation to the brrak-up of thr ice,the direction in which it travels, and thefeasibility* of a patrol »ervice to warn ship

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