Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-12-02

pass that we have allowed the Indus
Try Of our farms to lag behind che
other activities OF tho country ia rs
development. } need not stop 10 tell
you how Fundamental To the life of
the Nation Is the production OF its
food
Oar thoughts may ordinarily bd cin-
centratod upon the cities and the
hives OF industry. upon the cries Of
the Ncrowdcd market place and the
clangor ~ tho factory. but Il is from
the quiet interspacos OF the open vail
lcys and the free hiilsidos that we
draw the sources Of life and progpr-
lily, from the farm and the ranch.
from the forest and the mine. With
out THESE every street would be silent.
every office deserted. every factory
factory fallen into disrepair. And
yet the farmer does not stand upon
the same footing with the forester and
the miner IN the market of credit.
He is the servant of the seasons. Ma
turc determines how long he must
wait for his crops, and viii not De-
hurried in her process. he may give
his note, but the season OF us matur-
ity depends upon the season when his
crop natures lies at the gates Of the
market whore ils products are sold.
aud the security he givcs Is of a
character not known In the brokers
Office or as familiarity az 6 might be
on the counter Of the banker
Tho agricultural department Of the
government Is seeking 20 assist as
never before a. make farming an eff
fclcnt business. of Wide cuoucrativo
effort. in quick touch with tho mar
kots for foodstuns. The farmers and
the government viii bouccforth work
together as real partners In this field
where We now begin 10 see our way
VERY CLEARLY and where many intel
llgcnt plans are already being put In
TO execution. The treasury uf the
United states has, by Is timely and
woll-ConsidcrCd distribution Of is de-
posits. facilitated the moving OF tho
crops In the present season aud pre-
vented the scarcity OF available funds
too often experienced at such times
But We must not allow ourselves 90
depend upon extraordinary cXpcdi-
ents. We must add tine means by
which the farmer may make his credit
constantly and easily available and
command when he VIII the capital By
which 90 support and expand his bus
mess. We lag behind many other
great countries of tho modern world
in attempting 90 do this. systems 81
rural credit have boon studied and
developed on the other side of the
water while we lett our farmers TO
shift for themselves IN the ordinary
money market You have but To- look
about You in any rural district 90 see
the result, the handicap ana emhar-
rassment which have been put upon
those who produce our food
Conscious Of this backwardness and
neglect on our part, the congress re-
Gently author -cd the creation of a
special commission "a study the VAR
iuuH systems OF rural credit which
have been pat into operation In
Europe, and this commission IN al-
ready prepared Co report. us report
ought TO make Il easier for us 20 de-
termine what methods viii Doe best
suited 90 our own farmers hope
and believe that the committees of
the senate and house viii address
themselves to this matter with the
most fruitful results. ANA ] believe
that the studies and recently formed
plans OF the department of ngricul-
turo may bc made Co serve them very
groatly ln their work of framing ape
propriate and adequate legislation, ~
would bee lndiscreet ana prcsumptuous
in anyone Go dogmatizo upon so great
and many-sldcd question, hut I feel
confident that common counsel VIII
produce tho results Wo must ail de-
sire
Turn from the farm Go the world of
business which ccutcrs in the city aud
Ia The factory. and I think that all
thoughtful observers viii agree tnat
tho Immediate service Wc owe tho
business communities Of the country
Is 10 prevent private monopoly more
cdecually than Do has y,t been pre-
vented. / think @ will Doe cDsilv
agreed that wo should lot the 5her-
man antitrust laW stand YnNtcrcd.
AZ II is, with its debatablc ground
about a. but that we should ls much
us possible reduce the are1 uf that
debatahle ground hy further and
more explicit legislation, aud should
also supplement Char groal act by lcg-
islaton which will NOT ouly clarity 10
but also facilitate its administration
and make n nirer 900 aU concerned.
$50 doubt Wo shall ul HIsh. and the
country win expect this to De- tho
central subject of our deliberations
during tho present session. but 60 rs "a
subject so mauf-sidcd and so dcrery-
iug of cnrc'ul and discriminating dis
cusslon that : shall take Che liberty
of addressing Sou upon Do boz "a spcc-
ial message at o. later date than this
n is OF capital importance that the
business men of th's country should
bc relieved OF 900 uncertainties Of law
with regard 30 their enterprises ana
Investments and O. clear path indi-