Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1915-01-07

N0pAnAMGNms benmaTKts~~lM@ AAa@TE
can banker must reform Ig be does
NOT he will be up agatnat II ~ are
others who refuse To mend their ways.
Ths American farmer cannot get
money OF American bankers upon
terms suited 10 his media He il 60.
Ing tn have the money from some
source. II the banker win not give
ii Id hin be will organize q new kind
OF i bank, for yoa may rest assured
that the American farmer II going
co have m opportunity 10 borrow
money upon sone suitable basis. The
Irish farmer can ret money On favor
able terms: the Belgian farmer CO.
operating with his naighhors does his
own banking. III Germany the co.
operative hanks DO business that In
astonishing In its volume. In Denmark
II II easy to set money for baylng .
farm Dir for temporary investment In
seeds, fertilizers or stock. The same
IN truh OF the farmer Tn Italy and
france; even In benighted Russia
farm credits are cared for by CO.
operative organizations,
10 the bankers Of America think
that the American farmer Ii going TO
consent To continue to be the only
civilized agriculturist who has no ade-
quafe borrowing facilities. THAT IL
not the American way. What, then,
can possibly prevent tho formation OF
cooperative credit associations all
over America Nothing. except the
presence of some Institution that viii
do for the American farmer what CO.
operative credit La doing for tina Eu-
ropean farmer. re the American bank
err wishes To do the banking business
of America 80 far A. the farm In con.
cerned. be and he alone can give the
farmer this sort Of an institution and
thus make cooperative credit soeie.
ties unnecessary. II In up to the
banker. .-
Capital Ter Farming. ..~.
Formerly when nm American farm
could be acquired by living upon II,
when horses and cows and Implements
were cheap, and when fertilizers,
blooded stock. and special high-grade
seeds we're unknown. q young man
with comparatively little capital could
begin farming. Now considerable capt
tai In Al necessary to success In awri'
culture ~ II Ii In the manufacturing
Industries. Every wise farmer knows
| that money iudlcioualy expended In
better stock. better buildings, labor
saving machinery. proper fertilizers
and good seed will net large returns
Hut X takes money To do these things
Consequently there In demand foi
4 loans
In America the farmer can seldom
| set loan on terms that meet hi
needs. In ireland. Belgium, Germany
Holland. Denmark. France. Italy and
| elsewhere upon the continent tn
/ banks have forced the farmers to or
1 Eanigh cooperative credit societies. II
/ many Instances the government aist
has aided the cooperative banks In
/ obtaining money for loans. These 30
j cieties are taking a safe. proatahl,
business away from the bank. Nov
i when II Ii too late the banks realix,
their mistake.
| The question Just now Ii this; VII
the American bankers foreatali CO
operative credit companies by meet
ing the needs OF rural borrowers q
win they force the farmer to 20 int
tina banking business Rs did the bank
ers Ok Europef II Ii up to them. VIII
they beat cooperative credit banks
BY beating them to IT.
I Buying Farm Easy In Denmark.
TO buy farm there ARE numhei
of different methods open to the Dan
ish farmer. II muat he remembered
that In Denmark . farm il eonsid
/ cred u having live stock and nipple
fnants used In working tho land Tn
separabiy attached to II. hence tn,
purchase price to be- paid includes al
equipment necessary 70 the operatioa
or she farm and all mortgages are se
cured by pledge or this persona
property a. well a. OF the real estate
Ii the wouid.he buyer has forty pc
cent. OF the purchase price he ma,
apply 70 credit society for long
time loan amounting 10 sixty per cent
n ar tina vmIMn asf fhm sarvst auA All anatsy,