The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-07-24
NEED RURAL CREDITS
SYSTEM IN VIRGINIA
Fedora Reserve System Falls Short In
Giving Assistance to Farmers
VINO Need IL.
cARRIxGroN GIVES DINNER
President of Virginia Division of
southern Settlement and Develop
nlent Organization Entertafns--W.
r. Carson, vice-President.

That the Federal reserve system
falls far short of meeting the needs
of the agricultural interests of the
State, and that there is great and gen.
uine need for the establishment OF
an adequate rural credits system, were
shown in the discussions had last
night at a dinner given in the JEFF
ferson Hotel by T. NJ. Darlington
president of the Virginia branch OF
the Southern Settlement and Devel-
opment organization The dinner was
attended by rsprese ntatives Of various
interests. and OF various sections OF
the State.
Al the conclusion OF the dinner sew
eral talks were heard and the affair
resolved itself into an informal gath
erinE for the discussion of the prob
lem the organization has undertaken
10 solve, the problem of agricultural
efficiency
Carson Made Vice President.
This was followed by a brief husi-
ness session, during which W e, Car
son. Of Riverton, was elected vice.
president of the board OF directors;
Edmund Strudwick of Richmond. was
named a member of the executive
committee: General Manager W. n.
Manss. of Baltimore. was instructed
W lpph w tHE sNtuI 4itE VI FiH1AChNy
experts in the several lines along
which the organizs ton proposes TO
work In the development of the state.
and the naming OF State manager
was deferred.
Mr.. Darlington presided and called
upon the following for an expression
of their views Of the problem the, or
ganiZation has taken upon itself to
solve: w. II Manss, Baltimore, vice.
president and general manager of the
organization; w. II. Carson. of River
ton; Alexander Forward, secretary to
Governor Stuart: Colonel G. #. Has
brook. of the Times Dispatch; c. c,
Barksdsle. State bank examiner. c.
n. Wise of Newport News; b. Nor
gan Shepherd. of the Southern Plant
er; w. g. Mathews of Clifton Forge;
w. A. Cox secretary of the Norfolk
Chamber of Commerce. and ]. II
Drake. general counsel for the South
ern Railway.
Need Rural Credits System.
The speakers told OF what can be
done with Virginia soil; OF the de.
STABILITY for bringing to the STATE
! farmers from other sections of tho
country and keeping those already
here satisfied by cooperating with
| them and improving their opportu
/ mites; of the value OF efficiency ex
( perts and experiment stations ant
! farms for the benefit of all the farm
( ers; OF the necessity for supplying
/ farmers with funds for the financing
OF their crops, and OF the failure o.
the Federal reserve bank act to g,
far enough to aid the farmer whit
needs aid in a practical way.
! The opportunity presented to thu
organization to raise the standard o
efficiency on Virginia farms of al
types was discussed at length b.
some of the speakers. and 1t was urge
that the people Of the State be thor
Loughly acquainted with Just what tn
Southern Settlement and Development
organization is seeking to accomplish
and what 1t Is accomplishing
The speakers agreed that Their
must be worked out some system O
rural credits which will enable tn
farmer who needs funds to secur
them at low rates OF interest and TO
the length of time necessary. Tha
there is an inequality of opportunit
for securing finances was admitted an
deplored.