The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1913-04-26
Commission Sails Today for Europe
to Study System ofAgricuItur-
al Cooperative Banks
on Continent
FOR CHEAP MONEY
ON EASY TERMS
Aim is to Aid in Farm Develop
ment and Cheaper Cost Of Liv-
ing--Delegates Appointed
by the President
Telegram by United Press.

Telegram by United Press.
View York, April 26.-The S. s.sax.
onia, bound for Naples. carried a dele-
cation Of 100 Americans when It Sail.
ed today. The Americans are going
abroad to find the solution Of the high
cost Of living riddle. The key to the
riddle, according to this delegation
the American commission on agricul-
tural co-operation-is the establish
ment Of farmers tanking system
which will break up the present flow
Of money to Wall street and send it
into the farms SO that the consumers
Of the coptry win have more food
and cheaper feed.
A majority of the dollars deposited
in American banks today declare
members of the commission, are bound
to find their way to the speculative
markets, since every bank has no al.
tentative under the present banking
system than to deposit large portion
Of its funds with other banks which
in turn place the funds with the New
York Or Chicago banks and turn il
over to spectators under the guise Of
call money. The aim Of the American
commission on agricultural co.opera.
tion is to establish little cooperative
banks in every American farming com.
munlty which win receive the deposits
Of the community and loan them di.
rectly to the farmers for the develop
ment of their farms.
Besides the efforts to establish these
farmers banks, the Commission will
undertake the study Of the land banks
Of Europe, institutions which carry on
the mortgage business Of the Euro
pean farmers, accepting all mortgages
and issuing bonds based upon them
which sell on the stock exchanges and
command as wide a market as any
railroad OF municipal bond. France
has a land bank with a capital Of s50.-
100000 controlled by the French gov
eminent which brings the farmers
loans at 4.S per cent, as compared with
| the S.5 per cent paid on an average
by the American farmers The Ger
man land banks have secured some
$4,000, 100000 for the development Of
the German farms.
If such a system can be established
in the United States and the billions
Of dollars which are poured into the
speculative markets by the banks can
} be diverted to the farmers it is the be-
J lief OF the cooperative commission
that this country viii see such de-
j yelopment Of its agricultural resources
1 as will solve for one and all the prob
lem OF the high cost OF living. Cheap
a money and easy terms, say the mem
! bers Of the commission, would make
!, it profitable for farmers to double the
production of their farms and open up
9 all Of the vast areas Of uncultivated
e land in the United States IN the course
e Of Aot very many years.
Once cooperative banks are estab
S lished among the farmers, it Is said
d ether cooperative societies will bt
: formed and the farmers win secure
i control Of all the machinery for distri
). buting and selling their produce. Tha
would wipe out the middleman anl
o leave the profits largely to the farm
y er himself IN Europe the farmers
a even form cooperative societies t
e buy all Of their materials, thereby ben
p eltting by wholesale prices and bette
Ie goods
A federal committee, bearing err
e. dentials from President Wilson an
st Secretary Of State Bryan. heads th
ar commission. The federal represent
n, tives are Senator Fieteher Of Floridl
st Senator Gorge OF Oklahoma, Repf
sentative Moss Of Indiana. Col Harvt
Jordan. president Of the Southern 90
ton Growers association John u.
I'll Coulter the governments expert {
ed agricultural statistics and Dr CIa
Irt enee J. Owens Of Maryland. managlI
fContinned 81 pare seyeul