RURAL CREDITS 731 



No. 607 $2,000, 6%, due May ist, 1920. This Mortgage covers a- 

 farm of 69 acres in Fremont County, Idaho, valued at $5,630. There are 

 67 acres tillable and 60 acres under cultivation. The soil is rich and the 

 neighborhood is excellent. The borrower owns 80 acres adjoining this land, 

 which is farmed in connection with this place. The farm is well stocked 

 and the improvements are adequate. 



No. 1790 $2,500, 6%, due November ist, 1920. This Mortgage covers 

 a farm of 640 acres in Bonneville County, Idaho, valued at $8,700. 100 

 acres are in fall grain, 40 acres in barley, 30 acres in stubble, 330 acres in 

 tillable pasture and the remainder in rough pasture. The improvements 

 consist of a small house, barn and granary. The borrower bears a good 

 reputation. 



No. 526 $900, 6%, due March ist, 1920. This Mortgage covers 40 

 acres of land in Canyon County, Idaho, located i\ miles from the nearest 

 market town, valued at $2,600. There is a small house and barn on this 

 place valued with the land. This farm produced a crop valued at $1,000 

 in 1914. The mortgagor owns 330 acres of land adjoining this farm, and 

 comes to us well recommended. 



No. 564 $1,200, 6%, due April ist, 1920. This Mortgage covers 240 

 acres of land in Power County, Idaho, located i\ miles from the nearest 

 market town, and valued at $4,925. There are 200 acres tillable and 135 

 acres under cultivation. The soil is excellent and raises heavy crops. This 

 money was borrowed for improvements, and will be used to put up a new 

 house and barn. The borrower is a good farmer, and is improving his 

 place rapidly. 



No. 602 $1,500, 6%, due May ist, 1920. This Mortgage covers a 

 farm of 150 acres in Boise County, Idaho, located i miles from the nearest 

 market town, and valued at $4,350. This farm is all tillable and 125 acres 

 are under cultivation. The soil is a dark sandy loam and very productive. 

 The borrower bears a good reputation for thrift and industry, and will use 

 part of the money borrowed for improvements. 



236. INVESTMENTS OF LIFE INSURANCE COMPANIES IN 

 FARM MORTGAGES 1 



BY ROBERT LYNN COX 



On December 31, 1914, American life insurance companies held 

 over $1,700,000,000 in real estate mortgages, and their ratio to other 

 assets has been steadily increasing in the last ten years. Statistics 

 covering 98 J per cent of all the outstanding mortgages of American 



1 Adapted from a report submitted December 9, 1915, at the Ninth Annual 

 Meeting of the Association of Life Insurance Presidents and printed in the Pro- 

 ceedings, Vol. IX. 



