The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-12-13
YOUNG OUTLINES
/. PLAN TO FARMERS
"Land and Loan Associations
Recommended to North Caro-
lima Union.
Especial to The Times-Dispatch.l

Especial to The Times-Dispatch.1
Raleigh. N. c.. December 12.-One OF
the principal addresses to-day before
the North Carolina Farmers Union
was that delivered by Hon. James r.
; Young. Commissioner OF Insurance. on
"Land and Loan Associations" He
quoted President Taft and Harvey Jor-
dan on the pressing need there is for
adequate credit systems for American
farmers. He detailed the systems OF
rural credit societies IN force in Ger
many. France. Scotland and other
countries and then presented mas plan
OF Land and Loan Associations"
formed largely on the principles OF the
building and loan ASSOCIATE pms, making
them cooperative savings and loan
associations, made up principally
OF farmers He believes such
associations would inculcate
spirit of self-help and co-opera1oH
that in due course of time would sup
ply funds on good terms that would
enable the farmers 20 work out their
problems with hope and confidence
He declared il possible for the State
TO help finance these institutions
over the bonds of the local institutions
on a Difference Of possibly per cent,
which would hasten the maturity OF the
bonds and secure credits to Indebted
ness ranging from sl04 for hve years
TO 1899 for thlrty-five years. He thinks
no additional laws are necessary to
make possible the organization of
these pr opposed land and loan associa-
tions.
Deputy Commissioner OF Insurance
". A. Scott has procured the indict-
ment by the Moore County grand jury
OF jeremiah Damn for burning his no
tel. Prospect Inn. at Southern Pines.
He came to Moore County from Ohio.
where 1t is learned he is wanted for
burning of property in that State.
Damn got wind of his indictment in
Moore and skipped out. FORGETTING O
$500 bond that benefits the public
school fund.
The biennial report OF Commissioner
of Agriculture W. A Graham TO Gov
ernor Kitchin and to the General As
sembly. which cOnvenes in January.
just sent 10 the State printers, gives
some remarkable statistics of crop de-
velopment since 1860. Il is shown
that 100000 bushels of corn were
raised in 1850, 34.000.0O0 in 1909 and
oV,VUV,VOV DusneIS IN 1S11s lnese ylelus
being respectively sos, Is and 22.5
bushels per head. respectively, for the
different years given.
In cotton the yield IN 1850 was
1855 bales. one TO CO persons; in
1903. 665.l32 bales. one-third Of bale
to a person. and in 1911. I.125.000 bales,
or one-half bale 70 a person.
The wheat crop shows 4.743,o09
bushels in 1860. 3,S2..000 in 1909, and
$4,000 in 1911. Tobacco was 22,s53.-
$50 pounds in 1860. 13S,S13.l62 in 1909
and 99.4o0.000 pounds In 1911. Other
crops show similar gains.
The figures as to farm animals show
that in 1860 there were I,1S3.214 head
Of hogs, or IA hogs to one person
ami in 1911. 1.123.952 hogs, or two to
one The sheep industry shows a big
slump, there having been 5497+s sheen
in 1850. or 1-2 TO one. and only 49,
es6 in 1911. or II 10 one.
The report Of Major Graham declares
that the farmers Of the State are by
odds more prosperous now than ever
before in the history of the State. and
he claims for the State Department
of Agriculture great credit for ad-
vances that are being made in farm
ing methods and consequent increase
in yields and general prosperity of \le
farmers.