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|---|---|
| 1859 | 1 |
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246 stories matching loan
- Farmers Organize to Secure Federal Loans
Thirty ranchers unite to form a National Farm Loan association, hoping to secure financing for the upcoming season.
- The Rural Credits Law: A New Era for Farmers
A detailed breakdown of the 1916 Federal Farm Loan Act, designed to help regional farmers secure affordable credit for land and equipment.
- Eastern Gold Trickles Back into Seattle
After eight months of investment drought, local agents report the first renewed interest from Eastern backers in Seattle property.
- Orchard Owners Stunned by Federal Loan Ruling
A new appraisal standard effectively excludes orchardists from the benefits of the farm loan act, threatening the stability of Yakima Valley agriculture.
- Adlai Stevenson’s Name Was the Bait in a Port Townsend Loan Swindle
A man claiming to be the Vice President’s cousin sold shares in a building-and-loan association, promising loans on Port Townsend real estate that never came.
- The Dawn of Cooperative Banking in Benton County
Local farmers organize the first federal loan association to secure $29,000 for regional development.
- A Law to Protect Debtors — or Scare Off Every Lender?
Washington's legislature passed the 'judgment deficiency bill' to shield mortgage debtors from ruinous foreclosures. The Portland Oregonian read it as a recipe for a credit freeze, and begged the governor to veto it.
- Financial Scandal Hits North Yakima
Local investors panic as a national building and loan association faces allegations of a 'gigantic steal.'
- The Dust Storm Liberty Loan Drive
While high winds and dust storms battered the valley, Kennewick's volunteer solicitors hit the streets to push the city $10,000 past its wartime bond quota.
- The Bank Won't Count Your Trees
Federal land banks rule that orchards offer insufficient security for long-term mortgage loans, citing the risk of disease and neglect.
- The Vice President's Cousin and the $1,000 Port Townsend Swindle
A smooth-tongued 'loan agent' traded on Adlai Stevenson's name to collect membership fees from Port Townsend's most respectable Democrats — then hid behind unreturned abstracts and 'free stock' worth $100 a share.
- Legislators Target Predatory 'Loan Sharks'
Senator Cotterill introduces a bill to curb abusive salary-assignment lending practices.
- Rockefeller Closes In on a Puget Sound Company Town
The Everett Land Company could not raise the December interest on its $1 million loan. By summer, insiders expected Rockefeller interests to take full control.
- The Bank Won't Bet on Orchards
Federal land bank president D. G. O'Shea declares fruit trees are too risky for long-term farm loans.
- A Dispute Over Debt at the New Methodist Church
Congregational tension surfaces as trustees weigh a $10,000 loan to complete the new North Seattle building project.
- Olympia's Building-Loan Society Built Three Homes and Paid 4½ Percent
A half-year statement from the Olympia Building Loan Association showed 450 shares in force, a net profit of $634.50, and three new houses—then opened a new subscription series.
- Be Your Own Landlord: The 1889 Dream of Homeownership
An early Seattle building society promised a path to middle-class stability, urging residents to stop paying rent and start buying into their own homes.
- The Nuns Were One Foreclosure Away From the Street
A $10,000 loan from Montreal saves Seattle's House of the Good Shepherd, where 54 children and 32 penitent women live and barely five of them pay a cent.
- Predatory Lending Against Tribal Land
Legal battle initiates to annul a property deed used as predatory collateral for a small cash loan.
- Predatory Saloon Keeper Targets Puyallup Landholder
An Indian man faces the potential loss of his property after signing a document he believed was a loan mortgage, but which turned out to be a deed.
- Kennewick Crushes Liberty Loan Goal
Despite being a community of borrowers rather than investors, local residents exceed their financial quota to support the war effort.
- The Dream of Ownership in 1886 Seattle
A real estate advertisement from 1886 captures the enduring promise—and pressure—of the Seattle housing market.
- The Hypocrisy of a 'People's' Candidate
Promissory notes reveal the high-interest lending practices of a gubernatorial candidate campaigning on cheap money.
- Whatcom Citizens Challenge County Fair Funding
Attorneys move to stop county commissioners from subsidizing fair organizations, citing constitutional prohibitions against loaning public credit.
- The Real Estate Swindler of the Haller Block
A local developer is arrested for allegedly using a doctored title abstract to secure a fraudulent mortgage, a scheme that left investors exposed and property records in doubt.
Also about this, in other words
- The Forgotten Quest for an Agricultural Mortgage Bank
An 1877 op-ed from the Seattle Daily Intelligencer argues that the Territory's economic future depends on fixing the rural credit crunch.
- The predatory business of 'confidential' loans
A Seattle reporter goes undercover to expose local money lenders charging exorbitant interest rates to the desperate.
- The 1878 Dream of Building Societies
A look at the early mutual loan movement, promising that the average working man could escape the cycle of high rent and finally own his home.
- The High Cost of Borrowing in Territorial Olympia
An indignant citizen writes to the editor to protest the predatory lending practices bankrupting the territory's early settlers.
- The Money Lenders Take Another Spokane Block
A foreclosure suit on the Kaele block reveals a family that paid nearly $11,000 in interest — and still stands to lose the property to a Dutch mortgage bank.
- The Hypocrites of Commercial Street
A biting piece of social commentary from 1878 Seattle poetry attacks the town's pious moneylenders who exploit their neighbors while maintaining a veneer of religious devotion.
- The Merchant's Dilemma
A local merchant vents his frustration over wealthy patrons who expect him to function as their private banker.
- The Day She Asked for Our Front Door
A Snohomish resident’s hilarious and exasperating account of his neighbors’ audacious borrowing habits reveals the thin veneer of civility in close-knit frontier communities.