The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-12-08
Especial to The Times Dispatch
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concluding session of the Conference
Of Governors. held al the White House
this afternoon. a committee OF nine
State executives was named to study
the different land credit systems. and
TO make a definite recommendation at
the next conference to be held at COL
orado Springs next year as to the best
scheme suitable for adoption in this
country This committee consists of
Governors Plaisted. OF Maine, chair
man; O'Neal, Of Alaoama; Mann. of
Virginia: Harmon. of Ohio: McGovern.
OF Wisconsin; Hadley, of Missouri;
Foss, of Massachusetts,; Carey. of wy
cming, and Johnson. OF California.
Mr.. Taft entertained twenty seven
Governors at luncheon at the White
House. including Blease, OF South
Carolina, the frebrand-
After luncheon the Governors
grouped themselves on the front steps
OF -he wsists House and had their
photographs taken Then they pro-
ceeded to the East Room. where the
business meeting was held. President
Taft. who several months ago sug-
gested to the Governors the advisa-
bility OF establishing a system OF agri-
cultural banks in this country similar
10 those existing abroad. made the
principal speech.
We are not going TO adopt a sys-
tenn over night" said the President
1T is going TO take considerable
length OF time before the country
shall receive the benefit OF II. but the
earlier we begin the agitation the
earlier we shall achieve the purpose
we have in bringing the matter to
the attention of the public.
There is no subject" continued the
President, "of greater Importance to
the people OF the United states than
the Improvement of agricultural
methods, the keeping them up to date
III all agricultural communities, the
securing Of profits to the farmer. the
attracting OF the young men OF the
country to farming as lucrative
profession and the lowering OF the
cost OF producing agricultural pro-
ducts. and lowering OF their prices to
the consumer.
Easy Exchange Possible.
We have great capital IN this
country. and we have farming proper
ty that is producing farm products
OF immense value 1t would seem
dear that with these two elements
it would be possible to introduce
third, by which the farmer engaged
IL producing the crops should be able
10 prove the value OF what he pro-
duced and the value of the land on
which fl is produced. 10 obtain money
on the faith of the land and the faith
of the product which will enable him
to expand his acreage and better his
methods of cultivation and production
An easy exchange between capital and
farmers with proper security has been
established in European countries.
her he Of "a heen
lowered. where the farmer is prac-
ticaily on the same basis in the sorrow
ing OF money as the business man
IF this can be done abroad ii can
be done here. and If abroad we ind
that government institutions adapted
TO form the conduit pipe between cspi-
talists and farmers are successfully
operating. why should we not adopt
them here
While conditions IN this country
and Europe are somewhat different.
the President said. yet BY modihca-
ton Of the European plan. the idea
could find a proper place IN the United
states
The White House conference lasted
less than an hour. In addition to
President Taft. Secretary % Agricui-
ture Wilson. Senator Fletcher. OF
Florida. and Dr. Lillian Johnson. OF
TIE Southern Commercial Congress.
made short speeches. Final adjourn
mcnt was taken shortly after O'Clock.
Many Of che Governors eft Wash
ington tonight Tor their homes. al
though others remained over 10 at
tend the dinner Of the Gridiron Club
or 20 engage IN political conferences
with the senate and House.