Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1911-09-07
WHAT VERMONT MONEY CAN 10.

10 INC advocacy by the fiN'i' N''
Of steps 20 keep Vermont money at
home. saying that It would be an utter
imposslbility to loan in this state ali
the money that is now loaned on real
estate elsewhere
This Is true, but not the whole truth.
we should invest money here more
Instead of lending elsewhere.
The FREE PRESS has never advo-
Gated any measure that would prevent
the loaning or investing Of Vermont
money outside of the state. We have
simply suggested measures that would
encourage the lending and investing
Of more Vermont money within our
own borders for the development OF
Vermont resources, instead Of keep
ing legislation on our statutes to
force loans in our own State
TO a discount, or in effect prohibit
such loans on farm lands in many
cases. Here is how tho matter looks
to the Windsor Journal:
"As n means Of encouraging young
people not to forsake their native
state. II It Is possible for them to got
any kind of start the press OF Yer
mont should always be ready to point
out the advantages Of the state in
their editorial pages. Loyalty to State,
we believe is something that has not
been proclaimed enough.
1T Is q fact that until the past few
years there was but little enterprise
shown in building up the internal
wealth Of Vermo nt, but what has been
done in the last 10 years is. so 1t APP
pears to us, Of sufficient consequence
to warrant the prevailing idea that
redemption Of lost opportunities.
1T is true that her sons and daugh
tiers have gone elsewhere and made
names to be envied and have beer
even II residing elsewhere a credi
to the state. And IN many instances
they cannot be blamed for havinf
abandoned the opportunities Of home
lccause there was apparently no suc'
thing as opportunity there. Thi!
word opportunity is quite elastic. I
ia one of the most hopeful words II
the English language. But there Il
nc such item as opportunity unlcs
one and all believe that by helpini
each other they are at the same tim
helping themselves.
The banking institutions of Yer
mont appear to be endeavoring to max
their loans within the State. Their
is, however more money put into tn
banks by depositors than can be loane
within the State, consequently 1t Ia
to drift outside to find a market.
But the money was originally az
cumulated in Vermont and the develop
mcnt of the State should DO given fir,
thought.
Let us not forget to now and the
mention why the farmer OF Vernon
should keep tilling his little farm. nc
particularly after the fashion Of hi
grandfather but after a fashion of hi
: own in conformity with conditions |
which he finds himself. He shoul
} also be admonished to beware OF tn
seductive circular of the land ager
In the far West because farming is
different proposition there than
New England.
The large amount of waste Ian
and waste waterpower in Vermont
much lack of development. but snrcw
! nnanciers are noticing that this vast
waterpower in particular Is wort
saving and are acquiring It,
Let the press writer keep on wi,
! his work of agitating "A new Vernon
Il will count thousands OF dollar
o worth Of good to those Who follow II
idea"
t The Vermont newspapers can go c
Indefinitely trying 10 encourage youn
. men and young women TO stay In We
mont. but IL legislation is pushing
I one direction while tho press IL tryir
to pull in an opposite direction, IT
!. not dimcult to predict what the GU
r come Will lie. II we want tho sol
t and daughters Of Vermont to stay
r the old State we must make it wor
q while for them to stay.
- It takes thought to develop the r
a sources of a state and to discover ne
Il means Of profitable investment,
j The people of Vermont have act
too generally upon the principle tn
- nothing new can be done in the Gree
u Mountain State
II Let MS devote as much thought
discovering means OF investment
t home as we devote to discover',
II chances to make money elsewhere, a
e the next census will have differe
= story to tell from that recorded
~ 1910 as regards Vermonts Increase
IS population and material deVeloprae'
~ HE OVERLOOKED MONTANA.
CFrom the st. Paul Dispatch
William Rockefeller SAYS he neN
" dreamed Montana Is half 30 rich as 1t