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Seward Seaport Record
Seward, Alaska
What is this article about?
The Senate Agriculture and Forestry Committee reported Congressman Sanborn's bill favorably last week, increasing chances of passage this year. The bill provides loans to homesteaders in Alaska and the continental US under homestead entry. The House passed it in May. Delegate Bartlett's similar bill for Alaska is now unnecessary if Sanborn's passes.
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Probability of passage this year of Congressman Sanborn's bill which would provide for loans to persons in Alaska and the continental United States who acquire farms by means of homestead entry on public lands became strengthened last week when the Senate Agriculture and Forestry Committee reported the measure favorably to the Senate. The lower house passed the bill in May.
At the present time funds or credit are available under the Bankhead-Jones Farm Tenant Act to farmers but the law does not consider homesteaders as farmers for loan purposes, a situation that the Idaho Congressman's bill would remedy. Loans to homesteaders in the States and Alaska would be made under the terms of the bill on the security of mortgage contracts creating liens against land prior to the time the settlers obtain title to the land.
Delegate Bartlett sponsored a bill early this session providing these benefits for Alaska homesteaders but its enactment will not be necessary if the Sanborn bill becomes law.
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Domestic News Details
Event Date
Last Week (Senate Report); May (House Passage); Early This Session (Bartlett Bill)
Key Persons
Outcome
bill passed lower house in may; reported favorably by senate agriculture and forestry committee last week; probability of passage this year strengthened; would remedy homesteaders' exclusion from bankhead-jones farm tenant act loans; loans secured by mortgages prior to title; makes bartlett's alaska bill unnecessary if enacted.
Event Details
Congressman Sanborn's bill provides loans to persons in Alaska and continental United States acquiring farms by homestead entry on public lands. Senate Agriculture and Forestry Committee reported it favorably last week after House passage in May. Current Bankhead-Jones Act excludes homesteaders from loans. Loans under bill secured by mortgages creating liens before title. Delegate Bartlett sponsored similar bill for Alaska earlier this session.