Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-08-30
4 BANKER.s SOUND ADVICE AND
KIND OFFER.

Political economists, imanclal trade
experts and statesmen may theorize
about 1.-The dit1iculties in the way Oh
d aooaAprahensive system that will en-
aa,le farnrdrs, TO borrow money enough
to meet their, most pressing obligA-
lions ana at the same time avoid the
necessity of sacrificing their cotton
on stagnant market. but in the emu
the problem leads to the banker, ana
IL is ne to whom the farmer must
look for aid; 1T is the banker upon
whom the community must depend at
such times ii commercial disaster is
to; be averted. The United States
government has announced its will
ingness to supply the banks with all
needed money on liberal basis, &C
cepting as security for the currency
issued cotton warehouse receipts, but
leaving up to the banker the man
ner of passing on the assistance. Few
banks have vet Indicated just what
they will do to aid the farmer and
the community at this time. One of
these. is the Corpus Christi (Texas)
National bsnk, which has sent let
ter addressed ITO Or Farmers" in
which it says:
We would advise you to store your
cotton in the local warehouse, bring
your receipts to the bank, and if you
need some extra funds we are perfect
~ willing to assist you, and. also, if
necessary, we will extend notes due
us by farmers who are unable to
meet them until they sell their cotton
We do not want you to sacrifice your
cotton The Corpus Christi Nationa!
bank wants to assist you in obtaining
fair price for it. In return, we ex-
peCt you to properly protect us by
having your cotton under good roof
protected from weather and fire. With
this kind of collateral you may rest
easy, knowing that as soon as condi-
tons adjust themselves you will be
able to convert your crop into money
at. we hope, a good price.
This is time when the bankers
merchants and farmers should all
work to gether. If you owe your
merchant and the bank, we suggest
that you bring your cotton warehouse
receipts to us, and, if you want t.
protect your merchants, you can give
notice to the banks that upon sale Of
your cotton wer are to make certain
payments to the merchants. In this
way you can deposit all your ware
house. receipts in your bank and a
the same time protect the merchan
whom you owe. We think this Is tn,
proper thing for our farmers to do
and we feel sure that the merchant
will be willing to extend all reason
able accommodations to those en-
titled to receive them.
Now, thai We have had some rain
we urge all farmers to put theil
ground into a thorough state of cult
walton. We hope you will put in
heavy acreage in feed and also put il
some livestock. especially nog.
which are very profitable in thi
country. The bank is willing to ex
tend reasonable accommodations t
farmers who will invest in good live
stock.
Here is banker who not Onl
gives good advice. but he backs it u
in the most practical manner. H
shows his faith in the farmer and
his cotton collateral. This is not a
unusual banker. He is type {
the bankers of Texas. declares tn
Beaumont Enterprise.
Not only cotton farmers. but a
farmers should note the offer in tt
last sentence, which would probab
he indprsed, by every banker in Il
South: The bank is willing
extend reasonable accommodation