Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1915-08-04
FARMERS CONGRESS HAS
ADJOURNED ITS SESSION
CONTINUED From Page ~

oped by American research. ph,dged
himself to introduce a measure bssed
upon these findings at the next SEES
sion OF the National Congress. Rural
credit. he said. would bring about In
innate rural organizations which
would improve the social and econo-
mic life OF the Nation beyond the
present comprehension OF man.
Clarence ousley. director Of the de-
partment OF extension OF the A. & NJ.
College. and Nathan Adams. cashier
OF the American Exchange National
Bank OF Dallas. both expressed the
belief that the cotton crop OF this
season would present no surplus and
that II is quite possible. by judicious
marketing. to make II present no loss
In value as result OF the war.
THE bankers need nearly as much
educating along the lines Of sensible
marketing OF cotton" said Mr.. Adams,
"as do the farmers. II they could be
induced to cut out the month OF DC.
tober a wholesale blessing upon hu.
mainly would have been made 10
descend. The small banker takes
the country merchants note on oc-
tober I or October Is maturity. based
upon the growing crop OF cotton. No
country can pramid the entire pay.
ment In one month all Its debts. even
II they are protected by a s275.o0o. 900
crop.
our system" he said. rs iniqui.
tous. The banker who so foolishly
risks loan on the seed In the ground.
subject to the hazards OF the elements.
when that seed has matured. that its
yield be gathered and sold at once.
at any price. TO get his money. even
II that price must be as low as &c a
pound"
Mr.. Ousley. fortifying his conelu.
sions with st2tisties. maintained that
as much cotton win be used in war
as In peace. with an American
trop OF not more than 100000 bales
and with reduced production In other
countries. the worlds supply OF cot.
ton next year viii be 100000 bales
short. This win materially enhance
the value OF the cotton crop. II the
war should cease next spring. SO far
are we from a surplus In this staple.
there would be a cotton famine by
this time next year"
He spoke OF the greater demand for
cotton since the outbreak Of the Eu-
ropean war. I'm addition to the enor-
nous use OF cotton In explosives. every
soldier In that conflict Is being pro-
yided with a ne.y suit OF clothing every
six weeks. What mean is that the
war is not reducing the demand for cot.
ton. but Is In some respects. when Il
Is viewed comparatively. lettering IT,"
Mr.. Ousley said that the extension
department OF the College. which can
accommodate but few more than
thousand students annually. will en-
deavor to assist and reach all the ZOO.
900 farmers OF Texas through lectures.
publications and correspondence. This
department" he said. lis the legs OF
the College. to bring Its facilities to
every farmer In Texas" Particular at.
tention would be paid to the threefold
problem Of scientific farming. reform
ed marketing and rural credit.
Mr.. Adams said that out OF every
500 OF business transacted In this
country only IS In cash is handled
Vast sums. he declared. annually were
loaned to modern bankers on no better
security than confidence In the Dor
rowers' ability to pay. Credit he char.
acterized as the easiest thing In the
world TO lose.
He. too. denied that the cotton farm.
or stood to lose anything because OF
the war. American. Egyptian and In.
dian mills, he declared. were able. II
operated TO the full extent OF their po-
tential capacity. to handle the cotton
production OF the entire world.
"And they want II and will have to
buy Il. Think for yourself" he plead
ed; don't give away your cotton. II
Is one OF the most valuable stableixing
Influences In this country. In the
panic OF 1907 Il was all that saved New
York. II is the principal protection Of
the integrity Of the gold reserve Of the
nation. Learn to respect your product.
Don't fix ruinous prices on Il. II had
the best bunch OF live stock In the
and told buyer thought
they were worth about IS head. he
wouldn't offer me IS for them. II they
were worth $50. even. So don't fix a
i.cent price on your cotton"
Senator sheppard's address on
Rural Credits was sound. logical and
showed the genius OF real statesman
ship. He showed how such credits