New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-26
Agrarian Legislation the
Topic of Governors
Address at Picnic.
PAINTS ROSY FUTURE
FOR AMERICAN FARM
Amortization Loans and New
Department of Foods and
Markets Discussed.

Albany. July 95. Governor Hlyhh'
addressing the Hop Growers Assoc'a-
ton at its picnic at Sylvan Beach tri5
evening. said that the future OF me
American farmer would be rosy with
the realization of better things.
Disclaiming any friendship for the
farmer beyond other classes OF meE'
the Governor outlined legislation, pend
ing and already accomplished, tendinS
TO improve agrarian conditions IN the
state and nation.
Last October more than S2l'o"o
worth of cattle had been destroyed,
but no money had been APPROPRIATED
by the Legislature to pay the owners
for their loss. When | called TINS
matter to the Legislatures attention
the money was quickly Appropriated
and in addition law was passed "n'cE
will insure more rapid payment OF the
farmers claims. A bill was introduced
and passed which provides that IN tie
future. unless the state makes a set
tlement of these claims within thilty
DAYS, they will begin drawing interest
.or the injured farmer.
"The next law was constructive. u
took cognizance of the fact that the
farmer to sell bis produce Is LEFT a:
the mercy Of commission merchants ne
has never seen and of agents who aye
only concerned with the profit they can
secure.
Foods and Markets Department.
ITO meet this situation the sta.e has
created a Department of Foods and
Markets. with broad duties and extern
cive powers.
This department will supervise all
places where farm produce is sold. 1t
will investigate ali food products and
marketing in all its phases. 1t will ad-
wise and assist in the location and
establishment Of local markets II will
regulate the grading, handling and
storage OF all food products. 1t will
provide licensed and responsible auc-
tioneers TO operate in these markets.
II will publish daily bulletin free to
every farmer. which will keep him
posted on current prices and the mar
kets Of best demand. 1t will have IA
ciities for assisting in the formation
nf "a
mers as we'll as among consumers, and.
finally, it is required to report annually
to the Legislature upon the work done
and recommended whatever agricult-
ural legislation appears most neces-
sary.
There are mortgages on New York's
farms amounting to approximately
100000. On these mortgages the
farmer is not only paying high rates
Of interest, but in addition is subjected
to frequent renewal charges. Although
his farms represent the most solid and
indestructible security in the world. h
is unable to secure for himself that
easy and flexible credit upon which the
success of Americas myriad CONNER
cial ventures has been built.
'In seeking to remedy this situation
New York has turned TO Europe to
profit by the experience of the Euro
pean farmer. As the result New York
has placed upon its statute books a
law providing for the creation Of a
land bank fashioned on the principle
Of European land banks, but operating
through the distinctly American instr
tuition of saving and loan associations.
This land bank will save the farmers
of New York S24 100000 # present
mortgages are converted into ten-year
amortization loans, and sS2. 600. 900 if
converted into fifty-year amortization
loans.