The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-06-29
REPUBLICAN, Plat
FORM FOR farmer

The necessity of ''grub- stalking
the farmer has been recognized by the
first of the national conservation con-
ventions to meet this year, in the
adoption of section in the platform
to the effect that cit is of great i'm
portance to the social and economic
welfare of this country that it's farm
ers have facilities for borrowing
easily an dcheaply, the money they
need to increase the productivity of
their land. 1t is as important that
financial machinery be provided to
supply the demand of the farmers for
credit, as it is that the banking and
currency systems be reformed in the
interest of general business. There
fore we recommend and urge an au-
thoritative investigation of agricul-
tural credit societies and corpora
tions in other countries, and the pas
sage of state and federal laws for the
establishment and capable supervision
of organizations for the purpose of
loaning funds to farmers
The railroad companies in their COM
prehensive campaigns to secure colo
nists and home seekers for the vast
undeveloped agricultural empire of the
west, civic organizations, who have
worked to this end, have always been
met by the lack of facilities for money
by which the farmer could tide himself
over until his first crop returns are
realized.
Securing the land is comparatively
an easy proposition. Where no gov
eminent land is obtainable, it is usu-
ally easy to buy any area from ten to
$50 acres, on very easy terms. It is
getting the land cleared and into
crops, and the care of crops until they
can be marketed, that affords STUN
bling block to many prospective set
tiers. 1t is recognized that the farm
ing area must be extended, and more
acres cultivated to keep up with the
present march of progress, but some
financial system is needed to aid the
farmer. In the cities one can buy any
thing from baby buggy to a baby
grand piano or house and lot on the
installment plan, and universally the
miner or prospector is "grub-stak-
ed, = but so far no system has been de-
vised in this country for extending
easy credit to the farmer anxious to
clear new land, and become a produc-
tive factor in the community
In foreign countries the plan has
been most successfully employed. The
peasants of France are landowners to
an extent hardly realized in other
countries. The saving system, which
is sanctioned and directed by the gov
ernment, is, to certain extent, re-
sponsible for the thrifty spirit shown
throughout France. The plan provides
that man may borrow on his Land
very close to the complete value, by
arranging in advance the number of
years that he will take to pay back the
lean His interest periods are then ar
ranged at so much year, the amount
being greater or less, depending on
how soon he intends that these pay
ments should completely pay off his
debt. Again the bonds and mortgages
issued to supply these loans. the Credit
Foncier issues its bonds in small
amounts, bearing interest at per
cent or less, which are sold in large
quantities to investors of moderate
means. Germany has chain of CO.
operative banks oragnized for the
purpose of loaning money at low rates
to small farmers.