Newark post. (Newark, Del.) 1910-1969, 1916-09-06
EDUCATION COMPUTED
IN DOLLARS AND CENTS
What Training Means To The
Man On The Farm

| does not come amlSS, and really is
a means of increased income was
clearly si-own in the recent inves-
tigation of the Wicks committee
into conditions existing among
New York farmers.
The first hearing of the COM
raittee was held at Ithaca for the
purpose of obtaining information
to be used in framing legislation
with a view to benefting farmers
and consumers.
The committee ascertained that
the farmer who had high school
education made twice as much as
the farmer who had not, and that
the income of the college gradu
ate on the farm is three times as
much as the income of the farm
CIR who has neither high school or
college training. Statistics given
out by the committee show that on
3,646 farms in 13 counties of the
state of New York the average
earnings of farmers is 1857 year
each, in addition to interest on
! their investments at rate of 5
per cent a year. The silver lin
| ing of this statistical cloud is the
statement that one out of every %
farmers earns $4,000 or more a
year.
Testimony was presented to the
committee to the effect that one
third Of the farmers of New York
state who are without high schoo'
o. college education would be bet
ter off financially if they would
lend the money they have invest
ID in property and hire themselves
out as labOrers. One-third of the
farmers are making just little
more than their expenses, while
the remaining onc-third are able
to save small sums annually.
One chase of the education Of
the farmer or of the farmer
sons and daughters was not dis
cussed by the committee, al
though it's possible that the suk-
ject may be taken up at the meet
ings yet to be held.
With conditions as they are fl
nancially. the farmer may be per-
fectly willing to give his children
the benefit of a high-school edu-
cation, and possibly be anxious t.
send them to higher institutions
Of learning. The principal diff,
Guilty is the problem of securing
the funds to accomplish this pur.
pose. There are many farmers
sons who are dissatisfied with I'M
productive soil and consequent
poor crops. Many of these young
lnen have had a high-school edu
cation and are anxious to taks
agricultural course S in college
, They realize, of course, thar
= money could be borrowed to sup
port them over their courses o:
study, but realize that collatera
! for the loan must be produced
=, A safe, sound and convenien
financial plan of borrowing money
> for educational purposes withou
!, tangible collateral is now bein&
a featured by the large life insur
ance companies, and of late year:
,, q great many farmers's sons have
/ adopted this plan to finance a col
: lege course, then returned to tn
q farms and literally succeeded il
making two blades grow wher'
2 but one grew before. The plan i
, such that the time usually waste'
n in working ones way through col
leee is entirely eliminated, AM
the student is enabled to devot
: his entire time to his studies wit
i a great increase in efficiency.
|. Practically every farmers so
e has some friend or relative who i
l. more or less interested in his wei
y fare, and who could be induced t
# lend him the amount necessary 70
n his education at the prevailin
a rate of interest and without act
n ual collateral, if he could be as
e sured that the loan would be re
C paid Such a friend or relativ
# is morally certain that the loa
2, with it's interest would be repai
e at some future time; the only cor
n tingency which might occur bein
is the death of the borrower. Thi
a contingency is entirely obviate
when the young man secures a lif
y insurance policy to an amour
n sufficient to cover the principal Q
n the loan, the premiums that tn
e creditor may have to pay, and tn
anticipated interest charges. H