local association to take possession of real estate upon which a loan
has been made and sell the same, the profit or loss thereon shall
be shared by the several institutions in the same proportion as the
capital is held by them; that is, the National Land Credit Bank shall
share one-half of the profit or loss, the State institution making
the loan shall share one-quarter of the profit or loss, and the local
association recommending the loan shall share one-quarter of the profit
or loss.
COMMENT:--_First_: Sufficient responsibility should be imposed upon
each local association to compel it to look after all delinquents
diligently.
_Second_: Sufficient responsibility should be imposed upon each State
association to compel it to look after every loan in the State with
promptness and persistency.