Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1915-07-02
PLAN BIG CAMPAIGN
FOR RURAL CREDITS
v.rrONAL MARKETING COMPANY
PROPOSES no AROUSE PUBLIC
SENTIMENT.

Sress and others who are interested
IN rural credits and scientific mar
tetinx, are planning to conduct a
campaign Of education during the
summer and fall, with a view to
creating such unanimity OF public
on,nion az will demand Of congress
the enactment, at the next session. OF
some appropriate form Of legislation
on both sabjects.
The National Marketing company,
IL IL understood, is committed to no
particular form Of legislation with
regard to either subject. but simply
wants to have the country understand
the two issues and their importance
to the people - q whole.
Senator Duncan U. Fletcher OF
Florida 10 president Of the company
and Representative William Kent Of
California il one of the vice-presi-
dents. Former Senator Gardner Of
Maine is q member Of the executive
committee.
The views of the exponents Of all
Of the different systems Of rural cred
its are to be gathered up and spread
before the country in the form Of bull
letins. In addition second series OF
bulletins on rural credits is to be
issued, 1t being the desire Of the COM
pany to present a. clearly as possible
the merits and defects Of each system
and invite q discussion which will
help in the selection Of the proper one
for recommendation to congress.
Urges Landschaft System.
The present agitation in favor Of
rural credits legislation began with
the activities Of David Lubin, Amer
lean delegate to the International In
stitute Of Agriculture, at Rome, Italy
Mr.. Lubin for years has been an ad-
vocate Of the landschaft system, In
operation in Germany. and says 1t is
the best system Of land mortgage
credit for use in the United States.
Mr.. lubin expects to be in Washing
ton soom to assist department OF agri-
culture experts in their rural credits
and marketing Investigations.
He has given the following as some
Of the reasons why he Is In favor OF
the landschaft system:
/. OF all the systems advocated 1t
seems to him the only one that can be
made to provide q bond that Will
aoat and maintain its value without
government guarantee.
.. He says It is the only co-opera-
tive form Of land mortgage credit. In
place of being . corporation Of lend
ers. he says the landschaft 10 "a CO.
operation Of borrowers"
3. It 10 the only plan. according
to Mr.. Lubin. under which the land
mortgage bonds will ind ready sale
In the open market at from 8 to I per
cent, and run ON the amortization
plan from 80 to 80 years.
No Bank Required.
4. Mr.. Lubin says 1t 10 the only
plan that avoids the hazard Of banks
or banking. since 1t requires no bank
and does no banking.
s. It calls for NO initial capital
and can be conducted by the farmers
themselves.
8. It 10 the only plan. Mr.. Lubin
points out. which. during its 161
years of operation in Germany. has
shown NO failure, no loss. no law
suits. no populations and no depre'
citation.
z. 1t is q plan under which the
bonds are of equal value with gov
ernment bonds in the open market
even in times Of war. like the pres
cnt.
8. The system affords q safe form
Of Investment for all classes OF tn
people. the rich az we'll a. the poor
An elaboration of Mr.. Lubin'
views has been printed in bulletil
form. and is to be circulated widel!
among representative students o
rural credits. for their views. Thes'
views. which will embody criticism
Of the Lubin plan, will be published
later in bulletins for general distri
button over the country.
The Rural Credit league recon
mends that Mr.. Lubin's statement Il
support Of the landschaft be read an
debated in oranges. farmers union
ana various similar rural organizs
tons. and that the bulletins contain
Ing criticisms Of 1t be also read an
Confined on Page -