The evening herald. (Klamath Falls, Or.) 1906-1942, 1913-04-26
EsrARLIsHMENT OF A FARMERs'
RANKING SYSTEM Is no I'm
BROUGHT VI THROUGH STUDY
IN EuROPH


Ito Tue riuute, uCCoruiuk 10 TINS uctV-
Eation---the American Commission on
Agricultural Co-Opsration--is the es-
tablishment Of q farmers banking
system which will break up the pres
ent now Of money to Wall street and
send Il into the farms. 20 that the
cnosumcrs OF the country viii have
more food and cheaper food.
A majority OF the dollars deposited
In the American banks today declare
members Of the commission. are
bound to md their way to the spscu.
iative markets. aimee every bank has
no alternative 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 Agri-
cultural COOPERATION IL to establish
little cooperative banks In every
American farming community which
will receive deposits Of the commun-
ity and loan them directly to the
farmers for the dsvelopmsnt OF their
farms.
Besides the efforts to sstablish the
farmsrs' banks. the commission viii
undertake the study Of the land banks
Of Europe. institutions which carry
on the mortgage business Of the
European farmers. accepting all
mortsasss and Issuing bonds based
upon them which sell on the stock
exchanges and command ~ vide Q
market - any railroad or municipal
bond. France has . laad hank with q
capital Of $50. 900. 900. controlled By
the French government. which brings
tho farmsrs' loans At ~ per cent. %
compared with the SIS per cent paid
on an average By the American farm
ers. The German land hanks have 30
sured some $4,000. 900. 900 for the
development Of the German lands.
II such . system can Be established
In the United States and the billions
Of dollars which are poured into the
speculative markets By the banks can
bs diverted to the farmers. Il u the
belief Of the cooperative commission
that this country will see such . de-
veiopment Of IL agricultural re-
sources rs will solve for one and all
the problem Of the high cost Of iiv-
Ing. Cheap money and easy terms.
say the members Of the commission.
would make II profitable for the farm
srs to double the production Of their
farms and open up all Of the vast
Areas Of uncultivsted land in the
United States In the course Of not
many years.
Once cooperative banks are sstab-
lished among the farmers. Il is said.
other cooperative societies will b
formed. and the farmers viii secure
control Of all the machinery for dis
tribution and selling their produce.
This would wipe out the middlsman
and leave the profits largely TO the
farmer himself. In Europe the farm.
ers even form cooperative societies 70
buy all their materials. thereby bone
fitting BY Wholesale prices and bsttsr
goods.
A federal committee. bearing Gre
dentials from President wilson; ana
Secretary of State Bryan. heads the
commission. The federal rsprsssrts-
tives are Senator Tlstchsf OF Florida.
Senator Gore Of Oklahoma. Rsprsssn.
tative Moss Of Indiana. Colonel Hsr-
vey Jordan. president Of the Southern
Cotton Growers Association; John
Lee Coulter. the sovsrnmsnt's expert
on agricultural statistics. aad Dr.
Clarence }. Owens Of Maryland. man
aging director Of the Southern Com
mercial Congress which organised the |
commission.
About three-fourths Of the states Of |
the Union are represented on the
commission BY delegates bearing COM
missions from their respective state !
executives. The cooperative com
mission % . semi-ohlcial body, having \
the approval Of congress. Secretary |
of STATE Bryan has Instructed all dip
lomatic omcials Of this country 4
abroad 70 secure recognition from I
European governments. and In the
hrst country visitsd-Itaiy-ths com
commission will b formally received
~ the Igi9e and Queen.
ThA y8stisation VII bs carried on
n foayfesn countries, the eommis-
lion szpecting 70 cover Ill the large
titles and large rural communities
rom Italy to Norway. and from Rus