730 AGRICULTURAL ECONOMICS 



FIRST MORTGAGE FARM LAND BONDS 



In order to supply the demand for small investments we have provided 

 Coupon Mortgage Bonds in denominations of $500 and $1,000. These 

 Bonds are all equally secured by first Mortgages on productive lands in 

 Illinois and Iowa without any preference or priority of lien of one Bond 

 over another. The security is of the same character as described in the 

 within list. 



Orders by telegram may be made at our expense. Reservations may 

 be made for future delivery if desired. Please order by number. 



ILLINOIS AND IOWA FARM MORTGAGES 



No. 2637 $10,000, 5%, due March ist, 1921. This Mortgage covers 

 the borrower's home farm of 160 acres in Iroquois County, Illinois, valued 

 at $36,000. It is improved with good buildings, and the soil is a black 

 sandy loam, all tillable, and will produce good crops of grain. We have 

 known the borrower a long time and have always found him prompt and 

 satisfactory in all his dealings with us. This Mortgage was originally 

 for a larger sum, and he has gradually reduced it to the amount of this 

 Loan. 



No. 2620 $15,000, 5%, due April ist, 1921. This Mortgage covers 

 the home farm of the borrower consisting of 360 acres in Mitchell County, 

 Iowa, located two miles from a good market town, and valued at $70,000. 

 It is well improved with new and substantial buildings. Similar land in 

 this neighborhood rents from $6.00 to $8.00 per acre. The borrower is 

 considered a good moral risk. 



No. 2626 $6,500, 5%, due January ist, 1921. This Mortgage covers 

 127 acres of land in Linn County, Iowa, located one mile from the nearest 

 town, and valued at $28,000. This is the borrower's home place and we 

 understand he has refused this amount for his farm. Similar land in the 

 neighborhood rents from $6.00 to $8.00 cash per acre. The borrower is 

 an old resident of this community, and comes to us well recommended by 

 his banker. 



No. 2621 $6,000, 5%, due January ist, 1921. This Mortgage covers 

 a splendid quarter section of land in Mahaska County, Iowa, valued at 

 $32,000. The buildings are fair. The borrower owns noo acres of land 

 in this neighborhood all worth at least $200 an acre and clear of indebted- 

 ness. He is an old citizen of this County, and bears an excellent reputation. 



NORTHWESTERN FARM MORTGAGES 



The following described Mortgages cover going farms in the best farm- 

 ing districts of Idaho and Oregon. These farms will more than earn the 

 overhead for interest and taxes, besides making a good living for the bor- 

 rower and leaving a surplus to apply on the debt. 



