Oxford eagle., 1913-12-04

-itfrens Of other countries resident
within her territory can long BE- sue
,essfnliy safeguarded. and which
threatens. II long continued. to i'm
peril the interests OF peace. order and
-toierable life In the lands fmmedi-
ateiy TO the south OF US. Even n the
usurper had succeeded In his purposes.
In despite OF TIE constitution Of the
reprslic and the righss OF fts people.
be would have set up nothing but a
precarious and hateful power. which
could have lasted but q little While.
and whose eventfui downfall would
have iefs the country In. a more de-
plorzble condition than ever. But he
has not succeeded He has forfeited
the respect and the moral support
even OF those who we're At one time
willing to see hfm succeed. Little hy
little he has been completely isolated.
BY q little every day his power and
prestige are crumhIing and the col
lapse II not far away. We shall not.
I believe. b. Obliged to alter our pol
ICY Of vatehfai waiting. And then.
When the end comes. NE shall hope to
see constitutional order restored in
distressed Mexico by the concert and
energy OF such OF her leaders as pre-
fer the liberty Of their people to their
own ambitions
Currency 1sfcrm-
turn to matters OF domestic con-
Germ fou already have under con
siteration a btu for the reform OF cur
system OF banking and currency. for
which the country waits with impati-
ence. ~ for something fundamental
TO its whole business life and neces-
sary 70 set credit free from arbitrary
and artificial restraints need not say
how earnestly ! hope for Its early en-
actment into Law. I take leave to beg
that the whole energy and attention
Of the senate be concentrated upon IL
till the matter is successfully disposed
Of And yet feel that the request Is
not neeced-that the members OF that
great house need no urging in this
service 10 the country
I 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 eoun-
try. The pending currency bill does
the farmers . great service. Il puts
them upon an equal footing with 9th
er business men and masters Of en-
terprise. as II should: and upon It's
passage they will ind themselves quit
OF many Of the dificrlties which now
hamper them in the Geld 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 viii make their own abgndan,
and substantial credit resources avail
able rs a foundation for joint. con
cersed local action in their own be
half in getting the capital they must
use. II 10 to this ne should now ad
dress ourselves.
Allowed to lag
II has. sinxuiariy enoukh. come 70
pass that ne have allowed the indus
try OF our farms to lag behind the
other activities Of the country in its
development need not stop to tell
you how fundamental to the life OF
the Nation is the production Of its
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
ciangor Of the factory. but II Is from
the quiet interspaees Of the open val
leys and the free hiilsides that We
draw the sources OF life and OF pros
perity. from the farm and the ranch.
from the forest and the mine. With
out these every street would be ST
lent. every once deserted. every fac
tory 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 Nature
determines how long he must wait for
his crops. and VIII not be hurried In
her processes He may give his note.
but the season OF iss maturity depends
upon the season when his crop ma
tures. Hes at the gates OF the market
where his products are sold. And the
security he gives IL OF q character not
known In the brokers once or a. fa-
miliariy - IL might be on the counter
Of the banker.
Ehheieney In Farming
The agricultural department OF the
government Ia seeking TO assist as
never before to make farming an en-
cient business. Of vide cooperative ef-
fort. IN quick touch with the markets
for focdstu6s- The farmers and the
government win henceforth work to-
gether - real partners In this aelt.
where Ne nov begin To see our way
very clearly and where many inteili-
gent plans are already being put into
execution The treasury Of the Uni-
ted States has. BY . timely and we'll
considered distribution Of its depos-
its. facilitated the moving Of the crops
in the present season and prevented
the scarcity OF available funds too Oft
en- experienced at such times But
We must not allow ourselves TO de-
pend upon extraordinary expedients-
We must add the means by which the
farmer may make his credit constant
ly and easily available and command
when he will the capital by which to
support and expand his business. We
lag behind many other great countries
OF the modern world In attempting to
do this Systems Of rural credit have
been studied and developed on the
other side Of the water while we left
our farmers TO shift for themselves in
the ordinary money market You
have but to look about you IN any
rural district to see the result. the
handicap and embarrassment which
have been put upon those who pro-
duce our food
Study Rural Credit.
Conscious Of this backwardness and
neglect on our part. the congress re
Gently authorized the creation OF a
special commission to study the vari
Gus systems Of rural credit whick
Wins Her Hand