Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1914-06-12

AnQ9 anywhere within Ene 6b8Be IN W1loh - - N'
ny SuOh loans must not be for . longer term than 80 years.
(2) Must be first liens.
(3) Must be to complete the purchase OF such LanoS' II "
improve and equip such lands for agricultural purposes, o to
pay of encumbrances already on the lands.
4) On improved lands 80 per cent can be bOrrowedi on un'
improved 40 per cent.
() Each loan must provide for its ultimate payment In IN
stallments if for over five years.
(6) After five years borrower can pay loan, although not
due by terms of loan.
A National farm bank can sell its own bonds. Thus sup.
pose it has loaned out and has mortgages for 800, O0O.OO. It
can then issue and sell $1OO, 100000 of National Lank Bonds.
Thus such a bank can lend much more than its capital and sur.
plus. Its mortgages to secure these bonds are deposited with
the government just as National Banks deposit United States
or other bonds to secure the notes they circulate.
You see, gentlemen, that it is designed to extend to abank
organized to lend only to farmers, and they can lend only on
farms-somethingo of the privileges and benefits long ago ex.
tended to banks operated for the benefit of trade and commerce.
l need go no further into details. The bill is only proposed,
not passed-not even introduced. But l pledge you my word,
gentlemen, that if am sent to Congress, some such lava bet.
ter one If can draft a better One-will be introduced and every
effort in my power made to secure it's passage. This is some.
thing that the country deserves and something that the farmer
has long needed and long been entitled to. With the best and
most stable of security he should have the best and most Ger.
tain credit, and q law wise and just to every man and every
interest interest in this nation can be drawn to give the farm
es this.
There are some men in this audience who recall eighteen
years ago when Mr.. Gambler, an unknown man in the northern
part of his district, announced his candidacy for Congress, and
they will recall that on every hill and in every valley in the
old First district that he said that all that he wanted was to
have two terms in office and possiblyithree, and that after he
had served two terms in Congress and possibly three, that he
would be willing to come back into private life and let some
younger and more vigorous man take his place. They will
also recall the fact that with the eloquence of the peerless one,
he asked the people from every nook and corner Of the district,
"Ts rotation in Office au obsolete doctrine of the Democratic
partyf'' And they recall wildly that every time that he made
q n addrncc hn oSkod tho Manila IHo1 H. time cnmo in Mis-
sissippi politics when there was only one man who had sufd-
Gent capacity, intellect and integrity to represent the people
Of the First district" These were all the doctrines preached
by the distinguished gentleman IN the campaigns eighteen, six.
teen and fourteen years ago. If am in error in now adyo-
eating these doctrines, then Mr.. Gambler is responsible for it,
because he taught them to me, and I today standing here
eighteen, sixteen and fourteen years after these doctrines were
SO insisted on by Mr.. Gambler say to you that they are just as
true now as they were at the time they were SO ~splendidly
made by the distinguished gentleman; who nov represents you
in Congress, and I can ask like him, has the time come in, our
district that there is only one man who has sufficient intellect
and capacity to represent the people in Congress9 If one man
is to have an office and keep it as long as he lives and draws
one hundred thousand dollars in salary in fourteen years, then
why do we continue to educate our boys and girls and instill
in them an aspiration and ambition to go to higher places.
Has the time come in the history of the American: pol.
itcs and within the councils of the Democratic party that the
old doctrine of rotation in Office is no longer for the good of the
public servicee Has the time come in American politics when
the door of hope should be closed to the young men Of our
country, and the time come in the history of the American pol
itcs that a man can be elected upon the promise of staying
two terms in office and probably three, and then after the peo-
then elect him for seven terms, be heard to saythat these state
meLts were necessary statements in order to get into Office on,
but must be forgotten and repudiated after once being in Office.
think, my fellow citizens, that these are some of the rea-
sons that justify me in saying that my race for Congress in this
district involves more than my personal fortune. think it
involves the question as to whether or not the people of this
district will hold a man down to a strict adherence to preelec.
ton promises and pledges and involves the question as to
whether q life tenure of an Office will be considered by the pe0-
pie at large, and l think that this race also involves the ques-
ton as to whether the young manhood of Mississippi should
have the door of hope closed in the faces of their aspirations
and ambitions to rise higher, and it is upon this issue that / .
propose to plant the standard of my campaign, aud / propose
to take this question to every nook and corner in the First dis.
tict, and let the people be the judges. And another particu-
lar question that l think is of great interest to the people of
the First district, and one that should be settled once for all, is
the question Of allowing the people of the First district to Sc.
lect their own postmasters.
think, my fellow citizens, that the people who live in the
district and visit the potofices three times a day to get their
mall are in a better position to know whom they want for a
postmaster than the congressman who spends the best part Of
h0R "nA in