Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1913-12-04


either of her own people or of the
itizens of other countries resident
within her territory can long be sue
,essfully safeguarded. and which
threatens, IL long continued, to i'm
peril the interests Of peace, order and
tolerable life in the lands immedi-
ately to the south of US. Even II the
usurper had succeeded in his purposes,
in despite Of the constitution of the
republic and the rights of its people,
he would have set up nothing but a
precarious and hateful power, which
| could have lasted but little while.
and whose eventful downfall would
| have left the country liz a more de-
plorable 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 him succeed. Little by
little he has been completely isolated.
BY little every day his power and
| prestige are crumbling and the col
lapse Is not far away. We shall not,
believe, be Obliged to alter our pol
icy 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 pre-
fer the liberty of their people to their
own ambitions.
Currency Reform.
| 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 impati-
ence, 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 its early en-
actment into law. take leave to beg
that the whole energy and attention
OF the senate be concentrated upon 1t
| till the matter is successfully disposed
of. And yet I feel that the request is
not needed-that the members of that
| great house need no urging in this
sewice TO 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 coun-
try. The pending currency bill does
| the farmers a great service. 1t puts
them upon an equal footing with 9TH
| er business men and masters Of en-
| terprise, as II should; and upon its
| passage 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 resources avail
! able as a foundation for Joint, con-
| certed local action in their own be-
half in getting the capital they must
use. It is to this we should now ad-
dress ourselves.
Allowed to Lag.
It has, singularly enough, come to
| pass that we have allowed the indus
try of our farms to lag behind the
other activities of the country in its
development. l need not stop to tell
you how fundamental to the life OF
the Nation is the production Of its
| food. Our thoughts may ordinarily
t-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
/ leys and the free hillsides 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 Office 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 will not be buried in
her processes. He may give his note,
| but the season OF it's maturity depends
upon the season when his crop ma
| lures, lies at the gates of the market
| where his products are sold And the
security he gives Is OF a character not
known in the brokers' office or as ia
| military as II might be on the counter
of the banker.
Efficiency In Farming.
The agricultural department OF the
government Is seeking to assist as
never before to make farming an eff
cient business, of wide cooperative ef-
| fort, in quick touch with the markets
| for foodstuffs. The farmers and the
government will henceforth work to-
gether as real partners in this field,
where we now begin to see our way
very clearly and where many intelli-
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 b. 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
special commission to study the vart
] GUS systems of rural credit which
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