The Hayti herald. (Hayti, Mo.) 1908-1922, 1916-06-29

field, Mo-; NJ. p. Moody, editor. War.
rensburg. Mo-: John T. Fitzpatrick.
Commissioner Labor Bureau, Kansas
City, Mo-; Floyd Tuggle. farmer, Gal.
latin. Mo-; Fred A. Morris, merchant,
Mexico. Mo-; Charles Sumner, presi.
dent Industrial Council. Kansas City.
Mo-; s. d. Groner, professor rural eco
nomlcs, University Of Missouri, Co
lumbla. Mo-; c. l.. Woods. editor, Rol.
la. Mo-; c. F. Enright, banker, st. Jo-
seph, Mo-; c. A. Winfrey, president
Jackson County Farm Bureau, Buck.
ner, Mo-; r. T. Woods. president State
Federation Of Labor. Springfield. Mo-;
Almon Ing. lawyer. Poplar Bluff. Mo.
The statewide activities OF the
Gardner Land Bank State Committee.
Of the Initiative Petition Committee
and the Congressional District Com.
mittee accomplished in due course the
first necessary step-that is. the &C.
curing Of sufficient signatures in each
congressional district to comply with
the law.
When 1t 10 considered that all these
men and committees were volunteers
and gave their time and labor and
ability to the public service and inter.
est. animated solely by the motive Of
b"ttering the agricultural conditions
Of the state and. consequently, the
higher development Of the CONNER
cial interests OF the state, It is not q
matter Of marvel and wonder that SO
much was accomplished. The sacri-
fees made by these men will never
be fully appreciated and cannot be re.
paid, Their reward must always con.
sist in the success Of their efforts.
The farmers OF the state will be
the first and permanent beneficiaries
Of the labor of these public-spirited
citizens. In the gradual development
the whole state. in all its ramifica-
vii! reap Its benefits.
The plan and effect Of the Missouri
State Land Bank is generally we'll
understood, but brief outline OF its
purpose and the relief to farmers af-
those not familiar with the plan. Quo
tations from the address Of Col. Fred
erick d. Gardner. author Of the consti-
tutional amendment and Of the Gard.
ncr Land Bank Bill. enacted by the
last legislature, delivered before a
joint conference Of the agricultural
committees Of the Forty-eighth Gen.
eral Assembly. at Jefferson City, Mo-.
Jan. 20. 1915. will best and most sim
ply convey its import to the student
Of the subject. In the course Of his
address Col. Gardner said:
"Our system of to year loans is
.dlscredited and archaic. It is inevita.
BILE that these loans must be renewed
with the usual commissions, or that
tho farmer must sell part Of his invest.
ment. That is to say, his capital must
be reduced II the loans are to be paid
in bulk, according to our system.
Neither Is desirable nor should be nee.
essary All other nations Of the world
have discredited this 3 to s year loan
plan that we use in America. and 1t
should have been discarded by US
many years ago. The maximum time
allowed for paying off loans for such
purposes Is 30 years in Finland. 80
years In Chile. 36h years In New Zea-
land. AZ years in Australia, 80 years
in Italy and Japan. 64h years in Aus.
tria. 55l4 years in Russia. 661s years
in Germany and Sweden. 81 years in
Switzerland, 60 years In Denmark, SO
years in Hungary, 6Sh years In Ire
land and rs years in France.
1T Is stated on authority that there
is a total OF 25 billion dollars being
utilized by the farmer In the above
named countries on this longtime
bond issue plan at an average OF 8 to
per cent interest. The necessity for
development. particularly here in Mis-
souri,, Immediately suggests the prin-
ciple OF the longtime or amortization
plan.
at must be remembered that agri-
cultural products are largely regulated
by international competition. Missouri
wheat. for instance. compstes in Liv.
erpool with wheat from Russia,
France and Argentina. II farmers In
other nations are able to secure their
money at about half what our Ameri
can farmer has to pay. considering
that our land will produce less and
less because the virgin qualities are
gradually being worn out, what will
be the result without rebuilding!
II had a long talk with Herr OWN
ner. president Of the Deutsche Bank.
in Berlin, He is considered one OF tho
most astute financisrs. business mon
and farmers In tho world. This is
what he said:
~ have just finished an interview
with the president OF one Of your rail-
roads. told him American export OF
manufactured articles was not your
trouble. II is growing and will grow
fast enoush-you can't help It. What
you require is development Of your
agricultural resources. Food 70 what
the world wants and must have. and
the supply is short. You must sivs
your rural people better educational