Newspapers / The Carolina Union Farmer … / Jan. 16, 1913, edition 1 / Page 5
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I Thursday, January 16, 1913.] THE CAROLINA UNION FARMER Page Five get credit for the same, and is thus charged only for the time during which he uses the money. The inter est is low, and only on the amount drawn out and for the time that it is out. The law allows these Scotch banks to issue bank-notes'on good assets, so that they are always ready to accommodate the borrowers with out being compelled to resort to re discounting. Co-operation. These are a fair sample of the dif ferent mutual banks or co-operative associations operated in Europe. They have made their greatest suc cess possibly in Germany and France, but have spread into Austria, Italy, Finland, Ireland, Russia, the Balkan States, and, in fact, nearly every country, and in most of them are di rected and materially aided by the Government, though originally start ed in the spirit of co-operation and founded on self-help. They are not operated on precisely the same plan in any two countries. They are form ed and adapted to the needs and con ditions of each country or commun ity; but whatever the plans are, they were strictly followed, and no doubt aided and supervised by the different governments to a much greater ex tent than we could advise or expect in this country. The Fanner’s Needs. There is no question but that the farmer needs the same help as the merchant and manufacturer, so that his credits may be of a liquid type and freely taken, and that he may have such additional credit and cur rency as his volume of business war rants. I cannot undertake to advise as to how his mortages and other ag ricultural credits may be made ac ceptabfe to banks and capitalists. I feel that it would be wise to leave this to the bankers and other finan ciers, or to the Committee of the Southern Commercial Congress, who, with Dr. Harvie Jordan, are to visit Europe to make a careful investiga tion and study of the rural banking systems operated there. The finan ciers will find some plan to organize agricultural banks on a uniform ba sis throughout the States, and our statesmen, if necessary, devise some way in which the National Govern ment can in accordance with our Fed eral Constitution extehd the desired aid. We are told that there is already a movement in the West for land credits and that there are one or more plans along the line of the European land-credit banking system. It is un derstood that no one of the European plans can be taken in its entirety. One plan is said to be modeled mostly after the Landschaften system, with some of the ideas of the Credit Fon cler. The farmer needs and must have this help and financial aid so that the prices obtained by him for his pro ducts are not too greatly reduced by the portion that goes into the hands of the middlemen and transportation companies, as well as for the cost of implements, fertilizers, and other nec essary materials used in making his crops, and for interest paid on funds borrowed to finance the making, har vesting, and marketing of his crops. Iq a recent article in the World’s Work, Mr. B. F. Yoakum, chairman of the ’Frisco System of Railroads, says: “It cost (last year in the United when needed is all-important, but they should be provided and at a lower rate pf interest than he now pays. Suggestions. While .1 am unwilling to under take to suggest, much less advise you, as to how banks should be or ganized and run specially to help the farmer, I am prepared to offer some plans that in my opinion will mate rially aid our farmers along the line of financial help and training needed. My suggestions to-day are embod ied in what I am pleased to present to you as “Land and Loan Associa tions,” or the principle of building and loan associations adapted to the use and needs of the farmer. As out lined by me, they are co-operative savings and loan associations, made up principally of farmers. These associations cannot be ex pected to immediately bring about the financial relief desired, but if or ganized and given a fair and patient trial, they will inculcate such a spir it of self-help and co-operation in our farmers that in due course of time you will rejoice in seeing our farm ers supplied with all necessary funds on good terms, and with hope and confidence working out their prob lems in this line. Building and Loan Associations. Soon after building and loan asso ciations were placed under my super vision I began to study them and their work, and soon realized how they benefited our workingmen in en abling them to acquire homes, and our cities and towns in their upbuild ing. I saw the power of co-operation placed in the hands of small capital ists, and how even the man without capital was enabled to accumulate it. In discussing the matter with Messrs. Tompkins and Witkowsky, leaders in building and loan work in Charlotte, my attention was called to the co operative work among the farmers of Europe, and a study of it readily con vinced me that the principles and practices of our building and, loan as sociations could be adapted to the needs of our farmers, and would at least be of great benefit to them and to some extent solve the question of rural credits. Our monetary experts are agreed that under our present system the farmer is charged too much for money. In the annual report of the Insur ance Commissioner issued April 1, 1910, I had this to say about such as sociations for our farmers: “While nothing else does so much for the improvement of our citizen ship and the upbuilding of our towns as the principles that make and gov ern these associations, yet I am per suaded that the same principles can be made to help our people in the country in building and owning their farms. Believing that small farms owned by their occupants are a nec essity for our State, and will prove one of the largest factors in its up building, I would like to see a trial made in several of our communities in the application of the principles of these associations applied to the pur chase and improvement of small farms.” (To be continued.) Early Jersey and Charleston Wakefield Cabbage Plants by the Million strong, hardy, field-grown from best strain of seed. Selling plants to Local Unions our specialty. Sec retary write for prices. Cooperate. UNION PLANT CO., Marshville, N, C. F'apm Youp Income Kpom Xlie SUPPORTS YOU A.N[D FAMILY. protecflon to yow estate and your loved ones by at once securing a Life Insurance poll The Union Central Life Insurace Co. We lead In low est net cost. This makes ours the Oest Policy lor you. Write to Cary «J, Hunter and Oro., State Agents, Union €5entral Life Insurance Co., Ralelgti, IV. C. ollcy in SPECIAL TO UNION FARMERS! Open a ^^NEIGHBORHOOD STORE” We Furnish Necessary Capital, Let us start you, in a small way, in the Mercantile Business. We furnish supplies at wholesale and let you pay for them out of your sales. No money required to start on. Operate from your home at first—later build a store. Our plan appeals to old, young and middle aged without capital. A post card will bring full particulars. NEIGHBORHOOD STORES COMPANY, Richmond, Va. “ ‘Col. Gore,’ a young lady once cried, ‘they tell me that in one of your battles an enemy died to save your life. Is that true?’ XU U.WOI. v***-*- — -- — ~ I Quite true, ma am, said the . communicate wiin representa- States) seven billion dollars to dis- Colonel, stroking his great military lives of Southern Railway be^re com- mustache. I pletingr your arrangements for same. CAROLINA UNION FERTILIZER CO. MANUFACTURERS Down Home Brand Fertilizers NORFOLK - - - - VA. The Reds are unsurpassed for the general farmer because they lay well, especially when eggs are high; are gentle healthy, and fast growers. Send Mr. Beavers an order for a cockerel. Laberger Pig & Poultry Farm, Concord, N. C. Offer best strain Orpington and Leghorn Chick ens—Buff or White. Cockerels 12.00. Also Regis tered Berkshire Pigs. Write us. J 16 FOR ISALE. Cow Peas, Soy Beans* N. C. Seed Peanuts, Chufas, Velvet Beans, Pied mont Long Stap e Cotton Seed, etc. Write for special price list. HICKORY SEED t 0., - Hickory, N. C. J-30 PEOPLE use Gowan’s Preparation be cause it is external, penetrates, gives instant relief in croup, colds, pneumonia, inflamation, conges tion. Burns, sprains, bruises, pains, soreness m throat, lungs, muscles. Druggists. 25c to $1. Southern Ry. Premier Carrier of the South Most Direct Line to All Points North, South, East, West. Through sleeping cars to all principal cities; through tourist cars to San F ran cisco and other California points. All-year tourist tickets on sale to prin cipal Western points. Clonvenient local as well as through trains; electrically lighted coaches. Complete dining car service on all through trains. Ask representative of Southern Rail way about special rates account Christ mas holidays; also various other special occasions. If you are contemplating a trip to any point, communicate with representa- Suits Made to Measure $10.50 UP, EXPRESS PAID At Wholesale Prices to Members of F. E. & C. U. of A. tribute six billion dollars worth of products from the farm to the con sumer.” I do not agree with some who say the farmer is not complaining of the rate of Interest he is compelled to pay for his funds, but rather because he Is unable to secure the funds when he most needs them. Sufficient funds ‘ ‘Oh, how beautiful! How noble! Tell me how it happened, won’t you?” said the young lady. ‘ ‘Well, ma’am,’ said the Colonel, ‘it happened like this. The enemy had his gun pressed against my tem ple, and I ran my bayonet through his stomach.’” pletini , ^ He will gladly and courteously furnVsh you with all information as to the cheap est and most comfortable way in whi^ to make the trip Will also be glad to secure Pullman sleeping car reservations for you. H. F. CARY, J O. JONES, General Pass. Afent, Traveling Pass. Agent, Washington, D. C. Raleigh, N. C Ask the Secretary of your Locai to show you our line of woolen sam ples. If he hasn’t it, write to us at once. We will send it to you FREE. Fit and satisfaction absolutely guaranteed—no risk to you. Producers & .Consumers Alliance TAILORS TO MEN AND YOUNG MEN 211 to 241 S. MARKET ST., CHICAGO I have made contract with the a^ove comnanv to supply F. E. & C. U. of A members with clothes to measure at wholesale prices express prepaid. j, r. riveS State Business Agent North Carolina Division cfof u • A smartt, State Business Agent Tennessee Division. “WENOMA. F»ROLIEIC” Yield for 1912 was 174 bushels per acre At a cost only 12 cents per bushel. Urown on Wenona Demonstration Farm”, in Beaufort County, on Norfoik Southern Railroad. .ordinary cultivation, yielded 348 bushels of shelled corn. will of carefully selected seed V, at $2.50 per bushel. Orders filled as received, while the supply lasts. Address, B. E. RICE, Norfolk Southern Railroad. NORFOLK, - . . VA. Governor Wilson Will Be Inaugu rated President March 4, 1013, the above historic event which, as srrandest occasion our southland has enjoyed in 20 years, the Seaboard IS making preparations to take care of the great multitude of people who will Hwiencl same Special trains, special Pullman sleeping cars special coaches will be required in large num bers. If you expect to attend this great event you should get busy. Clubs, societies, schools! and other organized bodies of all kinds expect- mg to attend should get in line at once. Write you important information and take care of you or your party in best manner possible. H. S. LEARD, Div. Pass. Agent, Raleigh, N. C. t :
The Carolina Union Farmer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 16, 1913, edition 1
5
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