The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1916-01-06
Weiser Farm Credits System

the merchants ABOUT thaC dHouH'
This meant their credit was gone, an
they were at the end OF their string
but after the trustee had looked afte
their AFFAIRS he found that they wer
honest, thrifty and wiling and N
recommended That they be EXTENDED
$500 credit, and that they issue draft!
TO clean up their back lndeDtedness
| ms enabled them 10 pay on th'
old accounts whlch were worrying
them, ana the merchants knowing
| payday was hxed ana the trustee was
looking after tnelr interests, oiu ho'
hesitate TO extend double the creu-
1t they already granted.
One FARMER IN the vicinity o.
Welser applied Tor $zooo credit Du'
u was found that ne o"ea more tna an
$zzoo' ne was gwen @4oVo ereul'
instead OF the SzUoo ne asked 1oIi
and instead OF having oozen cred
itors on ms neels al summer ne was
enabled 10 shi1t the responsibility 70
tne credit association, ana go ABOUT
ms WORK as ne had done Tor years;
IL MADE a new creature Oh MN, ana
on November ISL ne wiped out an Oh
the orlganai szzVo OF deDts ana 10
Wltnln eooo OF the addltlonai $zooo
when mad been granted MIN, i,
poor lelioW on nomesteau
came TO the trustee and sald all ne
had was ms team, wagon, farming I'M
PIGMENTS ana wiling pair OF hands;
that IL ne put up ms crop ana re-
NAMED with the farm ne must nave
something Tor ms FAMILY TO i've on.
lie mad no credit among the mer-
chants as ms team was already mort
gagged. ms case was investigated ana
ne was EXTENDED the necessary credit
with the result that ne not only PAID
the ASSOCIATION, out ne PAID on the
mortgage on his team and had en-
ough lett this fall TO build an addition
20 ms nome ana make his FAMILY COM
tortaple Tor the winter. Betore DONG
Lhis ne asked II ne built the house ana
needed credit to carry him through
next season IL IL would be granted,
ana he was assured 1t would and that
gladly. Inc DAY he settled up he IN
.ormed the trustee That the assocla-
Ion had not only saved hlm his crop,
)ut that 1T had enabled hlm TO walk
MO store with ms book OF drafts
ma pay MS way the same as though |
le mad an account IN the bank, and
nat ne felt ike man instead OF
'eggar;
another point winch should not be
Verlooked is that the farmer is not
ofced 10 ouy OF MN because ne owes
I'm ana cannot pay. In Welser there
re several member merchants IN each
ne OF business, ana the farmer can
urchase ms supplies OF any one OF
lem. mat is not all. lie pays as he
oes, ana is treated as cash Gus
'mer ana the plan has resulted IN a
N per cent reduction IN prices 10
'soclatlon borrowers. The price is
, longer advanced TO play safe IN
Use portion OF the account is iost
the merchant mas 10 wait TOO long
II ms money
Some nave OBJECTED TO the interest
large, but seven per cent is less
an the banK rate, ana tne Dig reduc-
Dh IN the price OF merchandise mas
ore than paid the interest 10 the
ople OF TINS section VINO nave trled [
G plan. Inc interest rate Is OPP
mai with the merchants, but per
II cent per annum is better than t
or ~ per cent. mat rests en- c
ely, however, with the members OF I
e association, and II they want to !;
axe the draft non-lnterest bearing
at is their business. the per
Mt rate was adopted by the mer- k
ants OF Weiser IN order TO cover the il
pense OF the trustee. :,
This article is already longer than :
had intended to write, but there Il
probably sun many points that G
have overlooked. If SO, and your p
lders desire further information, l a
II be glad to give it to them. In :, :,
1cluslon let me say no other mo- u
e prompted the organization OF the b.