The Dawson news. (Dawson, Ga.) 1889-current, 1915-01-05

antee Them, Charging Small Zee
For So Doing, Unions Message.
John Temple Graves In Sunday American
WASHINGTON, D. C.-"American
| farmers are not going to permit
themselves to be peasantized by any
European system of farm credits
transplanted to America under the
guise of helping the farmer, but in
reality tying him with stronger bonds
to the outrageous principle of hav-
ing to use money payable on demand
as a basis for longtime loans, which
his occupation must have if he is to
be treated at all fairly"
These words are from Henry S.
Mobley, the national evangel of that
wonderful 100000 organization,
the Farmers Union, and regarded by
members of the present house and
senate as the ablest man the South
ern and Western farmers have sent
| to Washington within the decade.
Weary at Deception.
81 wish to say further" said Mr..
Mobley, that we farmers are begin
ming to get restless at the continued
deception that is attempted to be
my,racticed on us by promising US rural
credits with longtime loans, but with
| the same old high Commercial rate of
interest, which no agricultural people
have yet succeeded in paying and
at the same time remained the pos
SCISSORS of their own farms.
Our plan, as outlined in my letter
to Mr.. Henry, wherein the govern
ment would sell our mortgages for Us
and guarantee them, at the same time
collecting from us fractional part of
1 per cent and retaining the same in
the treasury to guarantee the gov
eminent against loss for underwrit-
ing our bonds, is the only form of Co
operation in agricultural finance for
investment loans that the organized
American farmer is going to be salts
fed with.
Resources Exhausted.
1--WE would stay in Washington
and carry on this matter before con-
gress if it were not for the fact that
we are, all of us, men of small means,
and tbs last move of ours has ex-
hausted our resources which were
available for such work However,
am hoping that Mr.. Hearst, in the
bigness of his heart, will see fit to
give us a little valuable time
enough to digest this matter, which
I have so crudely presented, and do
what he can to save US from the con-
tinued oppression of system of ru-
raj credits which in reality is but the
old system of high interest sugar
coated with the title of rural credits. -
longtime Loans Needed.
Mr.. MobIey, in an open letter to
Mr.. Henry, of Texas, strongly criti-
cises the Buckley Rural Credits
! Bill" which occupies just now the
center of the stage in this line of leg
islation. He says:
Long time loans and low interest,
with the amortization feature, is the
kernel of the rural credits system as
regards land loans, and not consider
ing personal rural credits, The
Buckley bill provides for the first and
the last of these, but does not provide
for lowering the interest rate, oven
as a possibility below the legal cate
charged by the commercial banks as
commercial loans. This is fatal to
any such plan since agriculture never
has and never can prosper under
commercial rates of interest. This is
the biggest question before the
American people today. And please
note that no bill before congress at
this time even as much as mentions a
reduction of interest on farm loans.
This is a significant and menacing
fact
''It is the vital fault of agricultur-
al liquidation in rural credits and
otherwise that it does not take the
intelligent farmers into counsel