The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1913-12-05


feited the respect and the moral sup
port even of those who were at one
time willing to see him succeed. Lit
tie by little he has been completely
isolated. By a little every day his
power and prestige are crumbling
and the collapse is not far away.
We shall not, believe, be obliged to
alter our policy of watchful waiting.
And then, when the end comes, we
shall hope to see constitutional order
restored in distressed Mexico by the
concert and energy OF such of her
leaders as prefer the liberty of their
people to their own ambitions.
Currency Sill.
| turn to matters of domestic con-
Germ. You already have under con-
sideration a bill for the reform of our
system of banking and currency, for
which the country waits with impa-
tience, as for something fundamental
to its whole business life and neces-
sary to set credit free from arbitrary
and artificial restraints. / need not
say how earnestly / hope for it's early
enactment into law. take leave to
beg that the whole energy and at
tention of the Senate be concentrated
upon it till the matter is successfully
disposed Of And yet l feel hat the
request is not needed-that the mem
bers of that great House need no urg-
I'M in fhiC cnruinn N ho country
Rural Credits.
/ present to you, in addition, the
urgent necessity that special provision
be made also for facilitating the cred
its needed by the farmers of the coun-
try. The pending currency bill does
the farmers a great service. 1t puts
them upon an equal footing with other
business men and masters of enter
prise, as it should; and upon its pass
age they will find themselves quit of
many of the difficulties which now
hamper them in the field of credit.
The farmers, of course, ask, and
should be given no special privilege,
such as extending to them the credit
of the government itself. What they
need and should obtain is legislation
which will make their own abundant
and substantial credit resouces
available as a foundation for joint,
concerted local action in their own be-
half in getting the capital they must
use. 1t is to this we should now ad-
dress ourselves.
Farm Needs.
1t has, singularly enough, come to
pass that we have allowed the indus
try of our farms to lag behind the 9TH
er activities of the country in it's de-
velopment. / need not stop to tell
you how fundamental to the life of
the nation is the production of it's
food. Our thoughts may ordinarily
be concentrated upon the cities and
the hives of industry, upon the cries
of the crowded market place and the
clangor of the factory, but it is from
the quiet interspaces of the open val
legs and the free hillsides that we
draw the sources of life and prosper
ity, 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
fallen into disrepair. And yet the far
mer does not stand upon he same foot
ing with the forester and the miner in
the market of credit. He is the ser
want of the seasons. Nature deter
mines how long he must wait for his
| crops, and will not be hurried in hel
processes. He may give his note, but
the season of its maturity depends
upon the season when his crop ma
lures, lies at the gate of the marke
where his products are sold And the
security he gives is of a charactel
not known in the brokers Office or a.
familiarly as it might be on the count
er of he banker.
What is Needed.
The Agricultural Department of tn,
government is seeking to assist a.
never before to make farming an 'ef
ficient business, of wide co-operativ,
effort, in quick touch with the mar
kets for foodstuffs. The farmers an,
the government will henceforth worl
together as real partners in this field
where we now begin to see our wa,
very clearly, and where many intell
gent plans are being already put int
execution. The treasury of tn
Il United States has, by timely an
well-considered distribution of it's dc
posits, facilitated the moving of TIL
crops in the present season and pre-
vented the scarcity of available fund
too often experienced at such times
But we must not allow ourselves t
depend upon extraordinary expedient
J We must add the means by which tn
: farmer may make his credit constant
ly and easily available and comman
. when he will the capital by which t
support and expand his business. w
|, lag behind many other great cour
: tries of the modern world in attemp
ing to do this. Systems of rural cree