The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1914-02-09
Rural Credits For Georgia
Should Be Based Upon
The Torrens Title System

Hon. Benjamin w. Hunt president of the Georgia
Bankers Association is president of Middle Geor-
ga Bank of Eatonon, recocogized by the World of
Finance authority Rural Credits. Mr. Hunt has
studied the subject from standpoint farmer bank
er and his conclusions presented readers that
they may nteigenty select for the Legislature
from Ben Hill county, who may be qualified frame law
assist in doing which will make it possible for the
land owner of Georgia derive benefits from the
Rural Credits Associations that will be authorized by the
Government. Mr. Hunt writes in the Constitutions
Viewing rural credits the vital to the develop
ment of Georgia and other state with large agricultural
ess recognize the opportunity service offered me in the
Craftsmanship the rural credits committee of the state chamber
of commerce. which position have accepted In addressing
the representative Georans the meeting of the
chamber did not hesitate to breach the difficulties that must be
cleared before became practicable as we'll
the advantages be derived from putting farmer upon rea
lively the same credit plane with the other American business
AT present far from doing that Because upon
land collateral the farmer usually pays syscrapng interest
rate AS matter of fact land the basis all values it
should under conditions furnish gedged security for
low interest loans.
FAMERs ARE GROWN MEN
But long land titles chaotic shape as in eor-
ga at least long the tracing of titles an expensive and
arduos process we are going to find path credits
srewn with impediments THE TORRENS LAND TITLE SYs
TEN by which the guarantees the title exactng nominal
My position is that bankers should treat farmers as GROWN mon
intellectually morally and socially To to the law the ap
polnment OF trustees guardians for incompetent Surely
the honest is necessarily emphatay the one who
has appropriated his the property of others the
moralstls not he who without temptation has kept nvoae the
commandments does practice of economy bv commission
develop economist.
The full is he alone who superior TO tennta
ton and OF his voon lives the highest nane
If position is correct then of the committee on rural
credits have only endeavor put rural credits with
in reach of those who lack the collateral upon which
be borrowed lowest rates the burse and exchanges of the
worlds money centers
OF the collateral by those desire most to
land the principal asset While recognized as the safest of all
security real estate the least liquid financially of all pledges to
secure debt This alone sufficient blacklist from the
led quick reaizabe assets of commercial banks individuals
savings banks and lending companies desiring loan on land
handicapped by medieval land laws that have survived into
this commercial age ."
DUPLICATED LABOR
At this time have my employ lawyer who has been
for the past week endeavorng find how stands the title to
plantation in county, and he daily answers nv impatent in
qure that he has not finished the search When he shall
finally present with chain of tile all the work done will
me alone Should the desire borrow of loan company
in Macon Atlanta another lawyer would duplicate the work If
HIM pay And this waste of human labor has gone on with
no book IN which to file copies of chains of title dunlcated
and repeated from year year. Each search of te
the borrower attorneys ee which, when added to the
lowest rate OF interest the Georgia
ghe rate Tor money borrowed than can afford
NO financial institution could exist with it's books kept after