The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-01-27

There has been appointed a rural
credit commission composed of sen.
ators and representatives whose duty
/ it is to formulate a bill providing
for a system of rural credits This
bill will have an advantage over
any other measure that will be in
{ troduced for the reason that every
| congressman cannot go into all the
/ details in the preparation of every
, bill and when a committee is ap
! pointed to prepare bin they are
| presumed to have selected the best
! and these congressman who cannot
! have the time to investigate for
| themselves support the committee
bill. 1t follows then that whatever
is done this session in the way of
getting before congress ideas along
that line must be done now by get
ting proposed measures before the
rural credits commission.
Outside of federal aid for road
building the principal plank in Sid
ney Suggs' platform in his candidacy
for the United States senate is
rural credit system which was for
mulated in his newspaper office. This
system does not contemplate the or
ganization of banks but uses the
banks already organized 1t remoy~
es the idea of the basis of credit
from the farmer and makes the gov
ernment the basis of credit. 1t loans
money only to those engaged in agri-
culture and for agricultural purposes.
The difference between rates of in
terest charged depends upon the
credit of the individual borrowing
the money and the government can
get cheaper money than any bank orr
any association of financiers and forI
that reason cheaper money can be !
brought TO the farmers by that meth
Cd than by any other The failure
of a system of cooperative banks in
Germany ruined many farmers and
has destroyed the practicability of
these banks. When the government
engages in the business there will be
no failures.
One other important feature of the
proposed system is that its plan Of
organization and system of operation
admits of cooperation on the part
of the state and county governments,
throughout the entire agricultural
belt Of the country.
c. NJ. Sarchet, a noted newspaper !
and magazine writer of Wilson, Ok
lahoma, sent out a story concerning
this rural credit system which va
published in The Daily OklahCman,
The St. Louis Republic The Guthrie
Leader and other papers throughout
the country, including some Of the
large agricultural journals, which is
Reproduced here:
Wilson. Okla. Jan. PA plan for
rural credits which uses the federal
government as a basis, has beer out
lined by an Oklahoma newspaper
man, John f. Easlay Of Ardmora,
and so successful has he been in
getting it before the public that it
is to be one of the plans considered |
by the rural credits commission,
composed of members of congress
and created with The aup~Cyal cI
President Woodrow Wilson and other
leaders of the present administration
at Washington
Mr.. Easley is editor of The Daily
Ardmoreite. He has formulated his
rural credits plan after many years
of study of the question and cor
respondence with experts in the Uni
ted States and in various European
countries. 1t will BE- remembered
that commission. composed OF
prominent Americans, went abroad
last summer to investigate systems
in vogue there and agricultural con-
ditions in general.
Mr.. Easley's plan does not ask the
government for an appropriation to
build up agriculture, but merely to
consent to the use of its good offices
as a basis for credit. The plan has
been taken up with Oklahoma mem
bers of congress and United States
senators, and each one, after close
study of its provisions has declared
that it should work we'll To back
I'D Mr.. Easley in getting the plan
adopted, if possible, the farmers OF
Carter county, in recent session at
Ardmore. approved his plan and
formed a county rural credit assccia- |
ton. with B. A Holiday as president
and Easley as secretary. From this
county organization will finally grow
a statewide association if the pres
y,,o.orioliza