The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-07-08
PETER RADFORD).
p--.d,o, Vexa. Farmers Union.

b,,k-rs Of his Nation through the
,c.~ fiji, th- plans Of Cooperation in
marketing cotton which has been
at.,t-d in Texas. and il is one which
"a, ~. easily extended 10 ali states
AIT ;. AL products. if the pan Is
no. r-.diis adjustable to conditions
b.. cad Texas. then submit the
iyp,~tt nf cooperation as worthy OIL
,.mql.,i.p by the agricultural anu
ao,oct.l interests Of every commu-
MT a IN. tinted States.
- Texas cotton is the money crop
.od ~. problem of marketing IL IN
s-itt..ntir has absorbed the attention
of ia. leaders of economic tnouSh'
f..~ h,tf 4 century. The crop Is OH
tune. m~nrtgaged and debt is such a
h,ri taskmaster that the farmer. In
oe'.r 4, rsca pc 1t, PUSHES to the mar
h.. xtth has products and down zoe
IN. ,r.c. and the anxiety for the an
c,,i ,4y day causes many others to
,...k an early market.
"a, relieve the pressure the bankers
,r. .draneing the farmers $500 per
tsiis At y per cent, pdSdDic WITCH INK
cotton il sold. The title to the cot
TIA rests with the farmer and he can
...,i when he pieases and there is no
longer occasion for diSposing OF his
rrpu on "a weak or glutted market.
9',.r. is "A strong demand in Texas
i,r money at 8 and 10 per cent on
terms 10 suit the lender. and an enort
I. '-ad the farmers on demand at 6
Der cent is a concession on the part
p rt,. mar. ORG which the fla mprG an
~practste. | estimate hat it will re-
Qajre approximately $40,000,000 to
hold the distress cotton off the mar
kat. aud this amoun the bankers
have made available to end on cotton
stored In our warehouses. 1t will re-
uutre "a much smaller sum to handle
ia. business, as the money the farmer
i.orrows will be paid on his debts or
.peat in his home town and most of
- riii he Immediately ~re-deposited in
tn bank available for lending again.
W. nave $50 warehouses in the int
riDr and adequate storage facilities
are provided at the ports to take
Car. If all cotton which cannot be
accom- modated in the interior.
\ Dollar With a soul.
L, il refreshing in this strenuou.
commercial life 30 find SO many dol
Lars in Texas with souls. When {
dollar is approached to perform /:
task that does not yield the higheS
rate Of interest, we usually hear tn
rustic Of the eagles wing as II soar
upward when a dollar is requisite,
~ return at the option OF the Dor
IL usually appeals to the God
dess DC Liberty for it's contractors
rights. When a dollar is askedto ex
pand ia volume to suit the unknOW
requirements of industry. it usual
talks sO,emnly of its redeemer, bu
sOu, material has entered into tn
,ank yault Of Texas, n rate. tim
and volume have a new basis of reck
onins insofar as the ability Of tn
hanker permits him to cooperate i
promotiug the business of farming.
Constructive Banking.
Many bankers in Texas have fe
several years been lending money
IN without compensation or at
very low rate Of interest to buy bloOt
ed live stock, build siios, etc, and Z
usurer whoever bowed at the shri il
of a doiiar received as large return
M the Investment as these prOgre
sive bankers. who made loans whho'
interest to uphft productive industr
The spirit Of the builder which a
tuated the bankers in these small
transactions 10 now extended into Il
financing Of the cotton crop on
mammoth cal and returns will
cprre~pOndinEiy increased.
Tho time was when money loan
oo such a basis would severely te
the sanity Of the banker; such a ira
sactAon would pain the directors al
shock them like a blow Ia the Tax
A cashier that would dare to ca
bread p0a waters and il did not I
t&r bmttered side up in time for a
nuai dividends. would have to gi
way to q more capable man. +
plan e not necessarily mean tn
he tanker are getting any better.
that the milk OF human kindness
being imbibed more freely by Q
flNauCters. 1t Indicates that the hAn
ess are go4tag wiser. becoming nj
able 0~nAnciers and more compel
citixeas. The vision Of the builder
cr0WdiaS out the spirit OF the paw
broker wherever n our A ~
hal Soea turned on q new weird
useeusae0D where the v0FHnin OF grt
And a~ariee can neve enter q
where the germs OF ess gen
flourish. The ankers have aiW;
beeN liberal city builders, but they
0"W building Industry.