The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1916-10-04
SEEN In A VISION.
How to Borrow Money Through the
New Incorporation Has Diff
culties as Explained to Farmer Ned
By His Cousin Ben.

Washington, D. c., Oct. 8, 1916.
Dear Cousin Ned
Your letter telling about the hog
cholera and the black rust is discour-
aging, and | admire your spunk in not
allowing your bad luck to give you
the blues.
l wish | could confirm your high
expectations about getting quick relief
out of the new Rural Credits Law. l
happen to know how that law works,
for l was a secretary, you know, of
member Of the American Commission
which went to Europe to study this
question. | made the trip and attend
ed the Investigations. But there was
no such a double back-action fiabber-
gasted law as this in all Europe. Don't
let them stuff you with big words
about the Landschaft System and the
Raffeisen System. We have neither;
we have the Democratic Complicated
meration-nothing like it any
where else
Of course we need a Rural Credits
Law; this is the only civilized country
in the world that has not some such
provision for financing it's farmers.
But | am too well~posted on the in
tricasies of this Hollis Law, passed by
the Democrats this summer, to be
fooled by it. They can't sell me any
such a gold brick, and | see that they
haven't fooled the Republican party,
for in it's platform it declares:
eve favor an effective system
Of Rural Credits, as opposed to
the ineffective law proposed by
the present Democratic admin
stration"
You know, Ned, I'm something of a
prophet, and l have had a vision about
this Hollis Rural Credits Law I'll
| tell you my vision now, so you can
file it, and year hence check up your
actual experience with what l tell you
now.
You expect to borrow through the
new Rural Credits Law and I'll ex-
plain it all to you in my vision. All
you need to do is this:
! Tell your neighbor- farmers all
about your being hard up. Explain
; to each one what you will do with the
money you want to borrow and con-
vince him that you are sane and know
how to farm as we'll as he does.
By talking over your need of put
| ting a forty-year first mortgage on
your farm for half it's appraised value,
draw out from your neighbors that
hoy or;x
you an insight into their affairs, which
you can talk over with the whole
neighborhood it is cheerful thus to
talk about Bill Jones' mortgage, with
all the township 1t will interest the
merchant with whom Bill carries an
account; also the banker who holds
Bills note, due next month.
Discover nine or more neighbOrs
who are just as hard up as you are
Bill Jones can help you. Call a meet
ing of all who want to borrow The
whole ten or more of you must borrow
at least $4,000 or you cannot get a
cent.
If your land, aside from any build
ings, or other improvements, would
sell under a sheriff's sale for $4,000
you are entitled to borrow $4,000 on
it. If there are buildings that cost
you 1000 to build, five years ago, they
may be appraised now, say, at $1,000,
and you can borrow $500 on the build
ings-no more. That makes loan of
$4,000 on farm which has an actual
value according to appraisaD of
$500 under the sheriff's hammer;
you probably think you could sell it
some day for $1,000 Or $4,000. But
you cannot really get all that $4,000,