The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1916-09-20
Financial and Commercial.


The Rural Credits Law, inaugural
ed and enacted by the Wilson admin
/ Iistration, affords to the farmers OF
the country equal facilities in the
matter of borrowing money as are af-
/ forded to other business men. Not
! only will they be able to borrow
money as readily as others, but on
the same terms and the lowering of
the interest rates and the cutting out
of commissions and expenses which
result from this law, will annually
save hundreds of millions of dollars
to the farmers of the nation. This
law alone merits for the Wilson ad-
ministration the cordial support and
approval of all farmers and farm
owners
This sentence from President VIII
sons speech of acceptance states only
an accomplished fact:
"For the farmers Of the country we
have virtually created commercial
credit, by means Of the Federal Re
serve Law and the Rural Credit Law.
They now have the same standing as
other business men In the money
market"
The Federal Reserve Act helped a
great deal the farmer, along with all
other business men, by making
market for hundreds Of millions of
dollars worth of farm mortgages and
negotiable paper based on livestock.
Further, It will be recalled how
promptly the secretary of the treas
ury in this administration furnished
all the money needed and at low
rate, to move the crops to market.
The Wilson shipping or merchant
marine law means not only assured
transportation to foreign countries,
free from foreign control or interfer-
ence, but lower rates of freight to the
farmer for the tremendous tonnage
of agricultural products he ships to
nations abroad.
In the revision of the tariff in the
attention was given to the needs and
rights of the farmer and his special
Interests cared for. On the free list
are placed agricultural tools, imple-
ments and machinery and animals
Imported for breeding purposes, while
the tariff was lowered on other arti-
cles he has to purchase.
A Division of Markets and Rural
Organization has been created to
study and disseminate information to
the farmers as to the best methods
of transportation, storage, marketing
and distribution of agricultural prod
lucts. How often have farmers seen
their products rotting in cellars or
barns, or used in Improbable ways,
when there was a crying need in
many places for those very things;
or have seen some markets glutted
until fruits rotted In warehouses or
commission houses, or sold for less
than storage charges or even were
, given away, when at the same time
other markets were in want OF those
very products? Such mistakes, such
waste such loss need never occur
again. Information OF the needs of
the various markets are at the farm
er's command. as well as instructions
as to standards, transportation, and
storage.
Stock-Cnot livestock brokers,
dealers in grain and cotton, meat
products and other commodities (aft-
er they have left the farmers hands,
have long had daily information Of
market conditions and quotations.
The Wilson administration puts the
farmer on a par with them. Another
instance Of democratic equal rights
to all"
The Grain Standard Law insures
uniformity in the grading Of grain,
and affords a great protection to the
grain growers. The Cotton Futures
Law goes far TO protect the cotton
growers from the dishonest practices
OF cotton exchanges and manipula-
tions OF the market The Warehouse
Act makes possible the issuance TO
and use by the farmer OF negotiable
warehouse receipts. thus enabling him
to hold his grain for a favorable mar
ket. and yet In the meantime. have
the use OF the greater proportion OF
its value.
The appropriations for eradication
OF the cattle tick were doubled; that
T, for hog cholera serum quadrupled.
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