Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1913-11-21
SECRETARY HOUSTON'S
TdLK no THE PRIMERS
ll.onlLnnad flam -. n

fconunued from fage d
expenditure ~ me federal fund.- Tor
Sine pnfpoae Tor which Lhey were ms
fendn6' II VIII proYiae Ga aliempis
check o4sinf the ioC4iug " ine 90.
ofal treasury ~ rsaaifine an c4al
appropriation from toe stotf ifea
ury ara by dxiEg 40 ptimate limit
b the federal contfJhGtion and H.
nAiiy, q VIII Dreyeui ths- bsisidils ~
~ Warrington Of = great centrafiza-
into bureau, intimately gegching ms
20 every farm Of the nation
The Rural Credit Problem.
We SHAH leave nothing rndoue 20
stimulate produat.on directly and 20
convey information to Tie farmer.
fsce to face with the fact that In
many directions further increased
production waits on better distribu-
tion. f al4fii
There IL general impression that
farmers need better credit arrange
snents. The slightest reflection win
convince one that all farmers do not
equally need It; ana that ali sections
are not similarity circumstancefl |
From one section cories the cry. not |
for capital at lower rates. but |
for Information as TO how To invest |
capital That many cmmunities need
long time loans under reasonable con
ditlons for the purchase Of farms and
for permanent improvements and I
that other communities need an I'm II
provement In conditions under which
the small farmer may secure rela-
lively small Sums for operating ex II
penaos ~ low rates. can not be 4
denied. The question Is one. Of ways
and means. And just what 10 need
ed and inst what should be done. no
one, 80 far az ! have been able TO dis |
cover Is At present sufficiently in
formed or wise enough 10 assert. For 4
a generation economists have known |
the facts about European conditions |
but few have investigated the condi- Il
lions at home. The department OF III
agriculture is now definitely and III
rapidly making the home survey and Il II
should In short time have infor1na- III
ton of great value TO the farmer and II
TO the legislature. III
arr,'sf Does Not Demand Glass II
~ fii lf Credit Legislation. II
One thing il clear, the schemes III
hat are multiplying which conceive III
he farmer to be mendicaDt and a II
upJeet for unique and special iegis- II
alton may be at once condemned. II
The American farmer does not need II
IF desire to- be cIassed with those II
ortfsn people who are Just rrnerg- iii
ng from a condition OF serfdonn and II
ufelaEe HE asks no opportunity III
hat fts not affordedrtos every .Ameri- | III
8ng citizen. he asks, for no alegisla- \!
on " pifh shall giHeo him. credit to III
Asier terms than pIs,n brother me- III
hanic or his PROFESSIONAL friend or H
IL merchant may secure H. But he II
oes ak To be assisted in Creating II
5nditious and machinery Which shalrl III
nable him on a similar credit foun- iii
alton tossecure his monaygaat the I'll!
tme rates as any other class in the iii
'mmupity-,a, This and, this alone, iii
seems TO me Is all that, he asks iii
nd Is nothing less than be deserves. iii
am not impressed with the wisdom iii
ID the Justice OF proposals that I'LL
ou1d take the money OF an the IIf
'ople through bonds or other de-fltf
ces and lend IL to the farmers or fHf
ANY other class at rate of I'M iii
rest lower, than the. econqpic con- u.
tons would normally require. and
a rate OF interest lower than that =
winch other classes are securinri
cir capital This would be specfiIl q o
of a. particularly odioussl eli
pc, and mo new excursions in .lds ~
rection would be-. palst'rhle iYwhen| ms
= are engaged in y the gIgsetict taskl fer
restoring the simple rule of equityl re,
In the field Of marketing. there as ira
20 danger that pressure win BE- pre
ought TO bear upon us to act every-ll sps
iere before we are prepared to acrsl :,
ellisentiS anywhere Not that as bu
lance can not be given here anal st,
sre and not that the department ISL far
furnishing and will NOT lfurnishil RET,
ormation OF great practical value dis
individuals and communism The ant
oartment has arranged its narket-j -
Investigations under five ir.port-1 :,
subdivisions: oi
'1rst. Marketing surveys. methods 20
costs including especially avail
g market supplies In given pro- 80
'tion areas. demand at consuminel o.
tiers. cold and other storages. 49,. -.
rketing systems and prices, and e.
Is OF wholesale and retail distri Nes
ion OF farm products r
mai