The daily democrat. [volume] (Anadarko, Okla.) 191?-1915, 1914-02-11

iying their system. The rate ranges
around 4 per cent. and in some in
stances even lower on long time loans.
ia New York the rate on call loan is
, 80 per cent, on time loans is 3 06.
and on commercial loans is 4.O1 per
cent and in certain parts Of the couu.
try the rates on farm loans mount
up to S12 per cent, higher than IT,
Egypt, and in many instances the kite
string breaks and the blue sky seems
70 be the limit
The European syetemo.
There are two systems Of farm |
credits in Europe as there ought to be
here. one system supple long tern /
loans at low rates Of interest on rea |
estate security. Tie time ranges
from 90 to 90 years, and the rates are
often less than per cent The in
tcrcst is due annually and semian-
auaiiy. and small payment is made
every year on the principal OnCot
this plan the farm can pay its way. II
can liit It's own Indebtedness. In this
country the farmers usually borrow
| for five years and the principal all falls
due at once. The surplus earning of
the farm can not meet this payment
whom due. This is q fatal fault in our
| system. The German farmer can bor-
row $1,000 for "a years. lie can pay
this OH with an annual payment OF
| S4S5O The burden can be borne by
the surplus earnings OF the farm.
The other European system meets
! the requirements of the farmer for
working or current running expenses
! This plan is based on the principle OF
cooperation.
Animated by desire 10 assist the
farmers in the solution OF this pressing
| problem secured an amendment 10
the last agricultural appropriation bill
creating a commission to visit Europe
and to study the successful systems
| OF farm credit in those countries. The
| president designated me as member
OF this commission. Being a member
Of the finance committee charged With
the revision Of tho tariff could not
accompany the commission to Europe.
| Several members however, have yis-
tied those countries and we have re.
| Gently prepared and submitted re-
port upon the subject. Also a ten
| tative bin looking to system of farm
credit banks in this country. A sys-
TEN of personal or short time credits
will be recommended at an early dato.
believe that the star Of hope Is now
! visible In the east.
our system OF marketing In tho
! United States il crude and unscien-
tilic. In entails millions of waste on
the producers aud on the consumers
! Our farmers raise In the ncighbOrhooo
OF nine billions Of products annually
| They market about six billions. The
consumers pay; however more than
twelve billion dollars for these six
billions OF farm products. In other
words, the consumer pays $lO0 for
the products which bring the farmer
only 90 cents. This is too wide d
margin between the man who pro
duces ana the man who consumes 70
is self-cyident that the producer coulS
receive from % TO 25 per cent. moro
and the consumer could pay from az
to 25 per cent. less and there would
still be an ample margin TO meet al
the Legitimate expenses OF transpor
tation and distribution.
There Is too much waste ia the pro
cess. There are too many mlddlemep
In tho process. There are too many
men who levy tribute without render.
ing actual service.
Foreign Marketing Systems.
"The last agricultural appropriation
bill carried $4,000 to enable the secre.
tary to study marketing conditions In
this and other countries. | succeeded
In making $4,000 OF that amount made
Immediately available These prob
lens are being thoroughly Investigated
and ! do not doubt that effective solu
tions will be worked elit. The greatest
talent, the greatest ability Of the coun.
try is now being concentrated on these
farm problems
81 may say that my own creed both
religious and political. is expressed In
the one word Service" For this rea.
son ! began a campaign when | came
TO the senate TO secure a place on the
committee OF agriculture. When ths
senate was reorganized last spring
secured the chairmanship OF that com.
mittoe. ! prize this assignment above
all other prizes II is the most fruit,
ful field for effective services. may
confess that my desire for this assign
ment was sharpened by the fact that
the farmers OF Oklahoma we're largely
responsible for placing Inc in the SEN
ate Of the United States. ! was anxious
TO prove my gratitude by placing my.
self In a situation to benefit my bene-
factors In the largest possible meas
ure. have been engrossed in this
patriotic service, too much engrossed,
l may say, TO hearken to the voice OF
calumny or TO pay heed TO the foul
| breath OF SANDER Az a public servant
] am willing TO be judged by my public
services and | am willing to be judged
by YOU who are my sovereign maker
and master as member OF the great.
est legislative body In the world
Before | went to the senate | ex.
DreeAad "a homo Cfpca I oap.o A., sha