' - A RURAL CREDITS SYSTEM OUR NEXT GREAT NEED Page 11
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AND ISOTHERM FAH&I GAZETTE
. A Farm aad Home Weekly for .
The Carolina's, Virginia. Georgia, and Florida.
FOUNDED 1886, AT RALEIGH, N. C.
Vol. XXIX. No. 48-
SATURDAY, NOVEMBER 28, 1914
$1 a Year; 5c. a Copy
All Together Now For Rur,al Credits fedslation!
NOW that we have failed to
get special relief for cotton
farmers in a time of great
emergency, let us, all join to
gether to get permanent relief
for all farmers in the shape of
rural credits legislation.
This is our next great task. It
has been clearly shown that bur.
great banking institutions as now
organized; ,are; so controlled by
the town that they cannot prop
erly care for the country, are so
absorbed in protecting commer
cial interests that they cannot
properly protect agricultural im
terests. The system itself is such
that our most patriotic and pub
lie spirited citizens in the banking
business find themselves unable
to do justice to agriculture.
Before Congress adjourns next
iMarch it must work out a thor
oughgoing system of rural cred
its, and such a system must pro
vide (1) Iqaig term credit for the
man who wishes to buy a farm or
build a home or drain his land or
put up a silo, etc. ; and (2) the
i conization feature, "amortiza
tion," as Judge R. W. Winston
says, being a big word our wise
men have discovered but which
means simply "a plan to pay back
money in broken doses;" (3) short : . :.
term credit for the manwho wishes to pay cash and avoid time prices I societies designed to encourage both thrift and cooperation by pool
on; fertilizers and supplies, or who wishes to hold his crop a few weeks I ing savings in each neighborhood and then lending these on safe terms
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S& & x'' jWF? .... 1
EIGHT-YEAR-OLD PECANS ORCHARD OF CHAS. E. PABST, OCEAN SPRINGS, MISS.
The Progressive Farmer does not urge that every farmer should try commercial orcharding, but no one should neglect to have fruit in abun-
dance for home use. Be sure to read the page of "Ochard Ideas" in this issue
or months for higher prices, etc.
lne new currency law or ' com
mercial credits system is .undoubtedly
an admirable plan by which the city
man's stocks, bonds, . his . character,
arid his "commercial paper", gener
ally may be mobilized and utilized for
getting' credit.- It' is said that this
system will prevent "commercial
panics;"
Now what we need is a rural cred
its system . by which the farmer's;
land, his stock, his character, and "ag
ricultural paper" generally may be
similarly mobilized and utilized to
get credit for the farmers. And with
such a system we believe "agri
cultural panics" also will be almost
impossible.
Moreover, each State should pro
vide for land banks and for coopera
tive credit societies (cooperative credit
DON'T FAIL TO READ Page
A List of Good Books . . . . ... . . 8
A Rural Credits Platform . . . . . . . 10
A Woman's Message to Girls . . . . . . 9
Azoturia, a Cold-weather Disease of Horses 12
Be Careful With New Crops . ... . . V 3
Cooperation in Dairying . . . . .... 7
Examples of Community Cooperation ... 7
Fertilizing the Orchard ..... . . . . 5
Great Meeting State Farmers' Union . . .17
Last Call for Community Service Week . . 10
Orchard Ideas for Southern Fanners ... 5
Pecans For the Southern Farmer . . . . 5
Profitable Marketing of MUk . . ... . 12
The Best Books I Have Read and Why I Like
Them V . . . . . . - .j . . 8
The Winter Garden . ......... 4
We Must Study Market Requirements . . . 3
to encourage progress in that neigh
borhood), and for the Torrens system
of registering - land titles, or some"
similar system. For we must have
modern land registration laws before
farmers will ever be able to utilize
their capital as advantageously as the
city man utilizes his.
... , . .... . ' . '
And certainly if the: Governipent
is to make provision for lending nbn-
landowners everywhere . easy ;moncsy-
on long terms to pay for lariat-say!. 57:5
a year for 23 years to pay for a $:J 000
farm the principle of Land Segrega
tion "Between the Races as advocated
by The Progressive Farmer must be
enforced. We must allow white neigh
borhoods that wish tostay white to
limit future land sales to white people,
leaving Negroes to buy in Negro com
munities. "
"A.
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