Lincoln County times. (Jerome, Idaho) 1911-1919, 1916-01-13
Rural CREDITS.
-, plan Can BE Put into Ope-
zion without Waiting for Any
National Action.

dine and bill Is no" DeloTe Noh
,rsss which has for It's aim the es-
..hushment OF such system
,hroughout the country. However.
.,sr AT Weiser. in this state. they
ave begun the operation OF IA rural
.,sa,t plan OF their own. without
,,Itlpg for state or national laws to
,sn or authorize" And 1t is 80
,,,oue so helpful TO both farmer and
usrchant and is proving 80 success
mi that It is worthy OF study yes. OF
,doption, by every community, es-
uecially those in which settlers are
irving to get Il start.
This system has been in operation !
long enough at Weiser TO demon
.rrate its success, and other towns
are taking the matter up and are ar
ranging 10 adopt II. There Is al
ready a movement on foot IN Jerome
10 bring about the adoption OF some
sueh system. and enquiries have been
made 10 the Weiser people. by some
OF our progressive citizens relative TO
the full details regarding the system.
The Gem State Rural, IN It's Jan
uary number contains some iniorma-
ton relative TO the Weiser plan from
the pen OF l.. +. Purcell. which We
trust will be OF interest. not only 10
our rural readers, but to the merch-
ants as we'll.
About year ago Mr.. A. 5. Ever
est came to Weiser 10 look after the
interests OF the Pittsburg. Pa. bond
holders OF the Crane Greek irrigation
project. Being business man OF
keen insight. he considered II his du-
~ TO look into the condition OF the
settlers under the great Irrigation
system. rightly concluding the best
way TO insure the stability OF the
bonds was to devote a good measur,
Of his time TO planning for the sue
cess OF the farmers. II took but d
short time for him TO discover tha'
the farmers were handicapped by
lack OF money and consequent lacf
Of credit
"He found that in many instance
the farmers had been compelled -
mortgage their crops or stock, ah'
sometimes both. TO one bushes
house for the meagre supplies neces
sary to feed themselves and thel
families, or for implements to worl
with. while putting in their crops
Sometimes these mortgages ""f
taken for as little as s25 or 80
Then II the farmer wanted somethlh
OF some other merchant his cred'
was impaired and either the oth'
merchant carried him and took u
the risk OF refused him and force
him to curtail the development OF II
own farm while working for someon
else to earn money to live on.
The merchant was not always
blame. Many OF the men asking Il
credit. particularly the homes'ea
ers. possessed nothing but a tear
wagon and harness However 20
est they were the merchant mig
know but little OF them. and cou
not leave his business and drive NIL
into the country TO see II theS W.
thrifty and we're likely 20 be In Il
sition TO nav. IL one merchant TO-
this security the farmer found u"
self barred when desiring 10 pur'h'
goods handled by someone else OF
another character.
The Welser rlan provides Tor
organization headed by a PRESIDE
with a secretary and treasurer a
committee OF three TO pass on
amount OF credit to be granteI
applicant. II also provides lot
trustee. who acts as secretary
whose business It is to look up
applicants resources, his skill a.
farmer, the amount of his indeD'
ness. to make a recommenua''""
the credits committee on the ahio
OF credit which should be eNtehu
and, after Il is granted, to see
the farmer properly cultiVates
crop and makes the best use OF
credit given him. In short ne !
sort of field man for the assoc'a,
when the amount of cren'
agreed upon, the farmer execute
crop mortgage which bears -
per cent interest per annum' am
given a credit certificate whi'n
used I'm making purchases from
OF the member merchants. The
tihcate is signed by the trustee
is In fact letter of credit WI
sets forth the amount and condit
of the credit given. Blank df
are also issued, reading on OF
fore November 1st,' etc, ana ur
on the trustee of the associa
When the farmer makes pure
one OF these drafts is filed out
the amount and given In exch'
for the goods, the seller maKin'
endorsement OF the amount OH
credit certificate. When drafts
been drawn for the full amour