The Tucumcari news and Tucumcari times., 1914-03-25

perrin, peTmany,- some OF US
rubes are laughing little at the
bankers" said a successful farmer to
US before We left the states. I'VE
have actually farmed successfully for
years. have studied farming In agri'
cultural colleges. We think we know
our business fairly we'll. It's certain
ly funny TO read speeches by bank
ers telling us how to farm. have
come TO the conclusion that the bank.
ers know so little about farm loans
that they would do better to study
and discuss their own business than
TO try to teach us ours" And we
have concluded that there Is some
force in what the farmer says,
The American Bankers associa.
ton and thirty state bank associa.
tions are actively promoting agricul.
tural advancement. The work under.
experiments with fertilizers. hiring ex.
perts to make practical demonstration
upon the farm. education In road mat.
ters. and so on indefinitely. The bank.
ers are duplicating what the federal
agricultural department Is doing,
what every agricultural college Is do
Ing. and what every farmers institute
Is Going. They are going into the
tielG OF production which Is important
but which after all Is one In which
the farmer remarked. "one is led 20
tn :.h that the bankers of the country
have unanimously concluded that they
know their own business so thor.
oughly that their elevating educa'
tional instincts can get opportunity
for expression only by doing mission
ary work among US lowly farmers and
elevating this ignorant class TO their
own high plane OF intelligence"
Worst Banking for Farmers.
We have been going through Eur.
ops accompanied by agricultural ex'
perts. We have talked with leaders
In agriculture in several countries
We have read bulletins and books ga.
lore on agricultural methods abroad.
We consulted government specialists.
We have seen and heard and studied
about all the most scientific up.to'
date farming methods. But neither
the experts with US nor We ourselves
have been able 10 recall single idea
on agricultural production that is not
being more or less widely worked out
In America by these lowly farmers
whom the bankers are so benevolent
ly and condescend!ngly instructing.
thn nfhnr hand
discover the United States Is the only
country In the civilized world where
banking methods have not been In
any degree adjusted TO the needs o:
the farmer. Sometimes over here In
Europe the Joint stock bank does the
work. More often II Is a cooperative
credit bank that loans 10 farmers.
But some bank stands ready 20
meet the farmers needs everywhere,
except In the United States. In
America, as nowhere else. the banker
takes the terms calculated TO accom-
modate the city merchant and finan.
ciers and infiicts them upon the pro-
testing farmer. Sixty and ninety day
loans are just what are needed In the
city. but they are OF no possible use TO
the farmer. A merchant or commits.
sion man gets his returns promptly
and can meet ninety day paper at
maturity. But the farmer cannot buy
calves or pigs and fatten them, mar.
ket them, and get returns short OF a
much longer period. The rural Dor.
rover who invests the borrowed
money In seeds or fertilizers cannot
hope TO realize upon his investment
short OF six or eight months. II is
not so much a question OF interest
as OF terms and methods. In many
localities interest rates are fair. In
some places interest on farm loans IL
too high. But II is true everywhere
in America that the bankers stub
bornly refuse TO the farmer tho sort
OF loans which he needs. And the
banker who sits behind the cashiers
desk writing speeches about better
farming drops his facile cen Ions
enough to crowd down the throat OF
some farmer patron who should have
al eight months loan. a three months
loan. whlcn Is as apt TO cripple al
TO help him.