The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-04-13

the old times before money was in
vented. This was not in one section Of
the country only, but in large sections.
1--WE can quite easily understand
that where there is not sun 2ient money
! to establish a national bank under the
very onerous laws at present in force
there is nothing else to take the place.
The same difficulty has come up in
other parts Of the world. In Austria
and Hungary, in Southern Germany
| and in Southern France these Difficult
! ties we're understood and appreciated
years ago, and agricultural banks have
been founded there, and they have
doubled the value of real estate. and
they have made the peasantry and the
farmers rich and prosperous.
THE same thing has taken place in
Scotland, as many of cur friends know
Every town in Scotland with over
1. 900 people has a branch bank Of some
one Of the great banks Of E ,inburgh or
Glasgow. A man Of good character
who wants to fl out a fishing smack or
buy anything for his farm iS able to go
there, ana If his credit is good he is sable
to borrow money as choaply as any
merchant could. It has @ double effect.
Ii is not only giving to those noighbor-
hoods the money that they actually
need, but it is educating the people in
thrift and promptness. I have talked
with @ great many of my banking
friends. who say that the whole thing
depends upon the character Of the peO-
pile; that the people are speculative
and that nothing can be done for them.
NY impression is that if some thought
full plan could be suggested it would be
quite possible to educate all the agrl-
cultural people Of the country to IN.
derstand that a man who is thrifty and
honest and sober and prompt a al
ways in some way get some money. II
is q very hard thing-We do not under
stand it at all here because we have 80
much money moving among us-but If
every time, we went to a store we were
unable TO buy anything except on
credit, if we had no money to pay
down to enable Us to reap the advan
tages Of cash payments, we should be
gin to be frottul. [ do hope, sir, that
the thoughtful and good men of the
North and East will be willing to take
up this subject.
ut was brought out st the Indian
apolis Convention that after the first
sad, serious mistake made necessary
by the exigencies Of the civil war we
had gone on with m~8keshifts ever
since. One bit of legislation necessary
to bridge US yer q particular crisis has
been met with another. With every
Issue OF bonds and of greenbacks, and
with every other form of currency,
legislative enactments have been made,
and they contradict and overlap each
other, and the business of the treasury
is exceedingly hard and difficult.
II came from Indianapolis with this
very firm impression, and / have only
ventur d to submit because l feel it so
deeply that unless those OF US in the
more favored parts OF the country un-
derstand the condition Of our brothers
and our fellow citizans in the other
parts OF the country, unless we wisely
instruct and educate them and bring
about some wise methods for their re-
lief, when the year 1900 comes we shall
be swamped with an infinitely more
powerful vote against us than during
this last election"