The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-12-09

rived-when there will be better
understanding and closer co-opera-
ton between borrowers and lenders,
to the end that borrowers may be
enabled to meet their obligations at
maturity andlenders may be made to
feel more secure in the investments
they are making."s
In discussing the relation OF the
railroads and their securities to land
values. President Harrison, OF the
Southern railway said:
AS all agricultural land values
are dependent upon the profits that
may be realized from the sale OF the
products Of the land, transportation
facilities are one Of the most import
ant factors in establishing and stab
ilizing the values OF ! agricultural
lands. This was strikingly illustrate
ed in the classical experience OF the
state Of Kansas about forty years ago
when, in localities at long distances
from rail transportation. corn was
burned for fuel for the economic
reason that, because OF the high cost
OF hauling corn to the railroad and OF
hauling fuel from the railroad and
fuel value of corn to the farmers
who produced 1t was greater than its
market value. With the extension
of railroads throughout Kansas this
condition disappeared: corn became
profitable crop and farm land
values increased. What is true OF
form lands in Kansas Is true of those
In all other parts OF the United
states. Their value is dependent
upon facilities for the carriage OF
their products to market.
| Farmers Market.
I'm the practice of modern agri-
culture the farmer may be said prac-
tically to have reached his market
when he reaches railroad station.
for 1t is there that. generally speak,
Ing, others take his crops of the
farmers hands, whatever may be
their ultimate destination. II is per-
haps for this reason that the average
contemporary farmer does not have
brought home to him the relation of
the railroad to his own earning
power. He has got so used to the
railroad that 1t has become common
place, like the oil lamp, which also
marked large development of the
horizon Of the farmers civilization.
He assumes 1t as fact beyond dis
cussion, like a mathematical axiom.
Today we can. therefore, perhaps
best make our point of the relation
OF the railroad to land values by
discussing not SO much the original
advantage of the railroad to the
farmer, but the continuing advantage
to the farmer Of proximity to the
railroad"
THE mortgage Is the master build
er Of our country today" said VIII
liam Frederick Dix, Of New York.
In discussing the relation Of life in
surance investments to city develop.
nent. BY 1t the individual secures
the necessary cooperation to expand
his acreage, to erect his farm build
ings. his home and his business habi-
tation. and firms or corporations
may. without Withdrawing their own
capital from their business, build
spaciously and for the future by
drawing upon the accumulated capi.
tai held by various investing insti.
} tutions.
Developing Property.
AS a developer OF high class real
estate through the use Of the mort.
gage, the life insurance company
stands pre-eminent. It gathers. In
innumerable small amounts, the saw.
ings OF the many, and sends this ac.
emulation forth again In large,
amounts to earn more money fol
the!f owners and TO be one Of til.
factors In providing the wherewitha,
for the building up of America. Thu
great wheat farms of the West. the
cotton industry Of the South, the
railroads and terminals and dock,
and business houses OF modern Amer.
lea have received q generous snare
Of the needed financial help through
the life Insurance companies.
In loaning In other cities thar
our own, we must always beware d
J fictitious land values brought into
existence by that clever system ol
. t(C0ntfntfed nm mage < second s>.t,.,. !,