Here©s Georgia! LIBRARIES - the Digital Library of Georgia

66 FACTS ABOUT GEORGIA
Commissioner John C. Hart expresses the opinion that under
the poreation of the equalization act the State tax should be still
further materially reduced, and says that in fact, if all property
was returned at a fair valuation, a rate of two dollars on each
$1,000 would give the State all the revenue it requires. As an
illustration of the growth and development of the State, there
was an increase in the tax return values of improved farm lands
from $195,343,616 in 1913, to $237,699,369 in 1915.
Investors have learned that there is no better security for loans
in the world than Georgia farm lands. Hence loans, where
needed, are easily obtainable, and the farms themselves soon yield
the profits with which to pay them off. Ten large insurance,
trust and bonding companies which have loans in Georgia aggre
gating $16,000,000 have placed about sixty per cent, of the amount
on farm lands. With a record of loans in the State since 1889,
nine of these companies write that they have never had a farm
loan overdue, and never lost a dollar by default, while one of the
ten ha_d a small loss, admittedly through its own ignorance of
conditions, in the entire 25 years experience. There is never a
time when any honest farmer in Georgia is unable to get the
money he needs for the making of crops or for extending and
increasing his farm facilities.
FARM HOME OF MRS. M. E. JUDD, NEAR DALTON