The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-01-17

H
great To pern1It OF such q report
ing either adequate or complete.
believes that such investigation snoul9
be continued and widened. and that
the whole problem of farm finance
one deserving immediate and thor
oughgoing attention. It therefore sub
mits the following resolutions.
Resolutions
Be IL resolved by the Tri-State GraiA
Growers In convention assembled "a
Fargo, North Dakota, Jan. IA to
1918 as follows:
First-That this convention deems
the matter Of agricultural credits &c
sufficient Importance to require an inf-
mediate Investigation of national scopn
along the lines already conducted bX
its committee on agricultural creditS
widening out this investigation, hows
ever. to include a careful study OF IN.
terest rates as applied to other lines
of business than farming. And II here
with calls upon its senator's and repreM
sentatives In congress to meet to-
gether and institute legislation prox
viding for such investigation In the
immediate future.
Second-Since the governor Of North
Dakota and those OF other states
earnestly recommend the appointments
OF delegates to Investigate the statuN
OF European agricultural credit, this
convention endorses this plan, and
goes on record as insisting, In behalf
of the farmers Of the northwest that
the delegates from the three states
represented by this convention shall be
men thoroughly in touch with all the
details of agriculture and its needs.
Third-Thig convention expresses the
belief that fundamental changes in the
banking laws OF the state and natiop
may be found necessary in order tR
afford the farmer that degree OF Yong
sideration in the money market which
is now given to the man engaged In
commercial business, and 1t calls the
attention of it's senator's and repre-
sentatiyes and the monetary investi~
eating committee of our national legiS-
lature to this matter as one demanding
immediate and thorough investigation
upon which shall be based legislation
OF a broad-gauged nature, calculated
to give the farmer who adopts business
methods the same degree OF considerr
alton that is now given to men engage
ed in other lines OF business.
Fourth-That IT is the sense Of this
convention that bankers in general
should exercise a keener discrimina
ton between productive and
non reproductive loans, and thaf
with the bankers as a class
rests in large a the re-
sponsibiIity Of educating the commun
ity to the value of the investment 81
money In those lines Of farming which,
give promise of direct and reasonably
early return, as for example, the build
ing of silos and barns, the purchase
of stock, the improvement of the home
and the reasonable equipment OF the
farm to the end that 1t may consume
a fair share OF its crop yield, ana
thereby conserve it's soil fertility.
Fifth-The results OF the inycstiga~
tions carried on by this committee ilN
dictate that the first need Of the NORTH
west is for capital with which TO de
velop it's farms on a long term los 6
basis, and that there is little ca
within the area covered by its inyestF
iEations for short term loans.
It further appears that wherever the
farming done by a community is OF .
solid, conservative, profit making typo
that the interest rates. both on the
land security, chattel mortgages and
plain notes, are low az compared tn
the interest in areas devoted exclusives
ly to grain farming. and it thereforb
goes on record as saying that, IL IS
the belief of this convention that tho
safest road to better credits is through
the Improvement and development of
the farm and of the farm neighbor
hood.