Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1912-06-06

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ington feel confident that plenty Of
American money 1T cheap rates can be
found, for Investment in American farm
land mortgages if this system is intro
duced here and the link Is provided for
the farmer to get his offer before the
general investor Of the country. 1t is
intended to make the venture. when
adopted here. project primarily for
the farmer. The promoters Of the
scheme are not to receive any portion
Of the profits. and even the earnings Of
the stockholders viii have to be kept
down to very reasonable rates. Gov
eminent supervision may be introduced
as in France, or At least provision would
be made, far thorough investigation of
the operations of the company by the
federal and probably also hy the state
authorities. It 10 likely that the CO..
operation Of the state governments will
be required in other ways.
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Discussing the plan today one Of the
government OFFICIALS to whom has been
intfusted the preparatory, work de-
claFed that the failure IN the United
States TO secure cheaper money for the
farmer has been largely responsible for
the fact that the peracre production Of
many staple agricultural products in
this country is far behind the European
production. This IS true ne said in the
production Of wheat. oats, and potatoes,
IN all Of which products Aurope leads
IN acreage production. he pointed OUT
that IN Europe when the government
cook up the question Of aa9AiAg II the
farmer improved methods at aRricui-
tqre they had the foresight 70 helpshim
secure the wherewithal to adopt these
methods. Much is being done by both
the federal government and the states
through the department, Of agriculture
schools, experiment stations, and In
other ways, to teach the American far
Her better methods. but nothing has
been done, he pointed out, to help the
farmer secure money with which to
adopt them.
The agricuitural-e education work 10
Europe was done hand in hand with the
farmers cooperative movement. and
the government aided the cooperative
ASSOCIATIONS by granting subventions,
lending expert advice, and in other
Il - = e
ways. 90 shAs eAe tar'asF, whenever g
vol s II ;ntrodnc;n s'' irenrovad nachin.
cry, was given q way to secure tbs
necessary machinery to adopt the new
plan.
AS an instance Of the benefits extend
ed to the farmer it is pointed out thai
| in France these cooperative societies
which have been developed with gov.
eminent aid spent part Of their sur
plus funds In the purchase of high
4 grade agricultural machinery. This
machinery can be obtained by the far
mer upon the payment Of practically
nominal fee and is sometimes loaned
gratuitously. Though such plan is no
part of the present attempt, the re
duction Of rates Of interest on none,