Lincoln County times. (Jerome, Idaho) 1911-1919, 1916-01-13

''-N N-t' 10 Aft'' AAAAOl l-fu VI lHt cred
II issued and Of the balance due the
farmer
NON some reader will say the
merchant has looked after himself
pretty well and he can see no par
ticular benefit In the plan for the
farmer but do not be so hasty. In
the first place YOU will be surprised
at the increase In the credit the
farmer ia able to obtain Men have
applied TO the Weiser Credit Asso-
citation for let us say $50 credit,
and before night of the same day
the trustee has found they already
owed the merchants about that sum
This meant their credit was gone. and
they were at the end of their string
but after the trustee had looked al
ter their affairs he found that they
were honest thrifty and willing and
he recommended that they be eX
tended $500 credit. and that they |
issue drafts TO clean up their back |
Indebtedness These accounts which |
were worrying them. and the mer-
chants knowing a payday was fixed
and the trustee was looking after
their interests, did not hesitate to
extend double the credit they had
already granted
"Onc farmer in the vicinity OF
Weiser applied for $1,000 credit, but
It Was found that he owed more than
$1,000. He was given $4,000 credit
instead OF the $1,000 he asked for,
and instead Of having dozen credit
ors on his heels all summer he was
enabled to shift the responsibility TO
the credit association. and 90 about
lhis work as he had done for years 1t
, made a new creature OF him. and on
Nov lst he wiped out all OF the
original $g2OO OF debts and to with
I'm 5000 OF the additional $4,000
, which had been granted him.
"A poor fellow on homestead
cam. 10 the trustee and said all he
had was his team. wagon, farming
inpl.ments and willing pair OF
, hands that II he put up his croI
land remained with the farm he mus
4. have something for his family to live
ON He had no credit among the mer
chants as his team was already mort
gaged His case was Investigate
. and he was extended the necessar
credit with the result that he no
only paid the association, but he pai
a.. on the mortgage on his team and ma
a. enough left this fall TO build an ac
Idi,jon TO his home and make nj
family comfortable for the winte'
- BEFORE doing this he asked
hnii, the house and needed credit
~, carry him through next season II
,,onld be granted. and he was assn
~, od a. would and that gladly. The da
-, no settled up he Informed the tru
49, tee that the association had not on
" saved him his crop. but that 1t h'
.,ahled him to walk into a store WI
his book OF drafts and pay MS WI
~ ,b. same as though he had an a
~ count in the bank. and that ne Il
" like a man instead of beggar.
w. "Another point which should II
." no overlooked is that the farmer
-. NOT obligated to a single mereha
l' and forced to buy Of him because
''' .os him and cannot pay.
''' u.e,ser there are several memu
pc ,,orchants in each line of busine
wv and the farmer can purchase MS st
!" niles Of any one of them. ina,
no, all He pays as he goes ana
~ ,~ooted as a cash customer ana
nlan has resulted in ten per C "
81" reduction in prices TO asSociau
'n', ,orrowers The price Is no loh'
anu ady,pced to play safe in case p
me ,,or NJ the account is lost or
'"g merchant has to vait too long
and his money.
ot, conclusion. let me say no
o,,ve nrompted the organizat
s. a er motlN' -. .ooio+ion II
,.a of the Weiser Credit Associauo'' u
si,cere desire to help the iar"
a. ,boir feet. It is based on 81
,od business principles, but II ','""
.na, nroperly there is no limit TO
his rroat good which will result 10
,"a M Sarmers of any community adop'
:, a. and if we help the farmers
- ',. " ~ ~ ipdisputable fact that we
!, '','. " .r.olves Lack of cheap none
" ro,arding the development oi 50
60 e." orn Idaho more than anything
= t. and since we have not estau'''
!" - - ,and values which Will orln'
', 20 cheaper money why not secure '.,
any crcd,t and more of IT. for the ,
.r' n, orders in agriculture ana nor, nor,
,'lr "" ,nro until such time as the "a''
.0, me-" ro,ernment will devote less a
''o" e, ,,or to ship subsidies ana ''oi
ra''S w" s,,onal rural credits without
De DC, street string to them? The W
raw" 9" ,an "a only a makeshift' IT is
.,'o", .,,no , pm, when the heads of the feder' s
mas Dorvo ~" banking system say 1t i~urn ~
iol ,sa -, host rural securities the COZ
ans ~. M over known. may II no. =
~ al lib' - fhn rural tl