Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-09

VINO are OeSlrOuS OIL making SUCn q
change.
Not Telling Farmers How to Farm.
ITO say that we are trying to teii
the farmer how to farm is rot. The
farmer knows how to farm better
than any city man can tell him. he
knows that he has lost money. lost
his time and lost a lot OF the energy
he has devoted to wheat raising and
he can see hat the man who has
cream check coming in every month
and who has a crop of potatoes to
harvest. has some real money this
year. He rants to get into the game.
and we are going to help him.
THE money that the banker loans
out is not his money. 1t is money
tina he holds in trust for the people
of the community who have placed
their idle funds in his care But the
banker is responsible for that money.
II he loans it to a farmer who goes
broke trying to raise wheat year at
ter year it is the banker who has TO
make good that loss. The banker Ger
tainly has the right to protect the
money that has been placed in his
charge and for which he is held re-
sponsible. by refusing to place it in
the hands Of a Lar who is going to
! gamble in wheat raising and wheat
raising alone.
Banker Backs Good Turning.
ION the other hand we have every
right to encourage the man who is
trying to build up his land, his home
community and his state by breaking
away from the one crop system that
has proved so disastrous year after
year.
ITO encourage that man Is the one
great object Of the agricultural COM
mittee of the bankers association.
We are urging the bankers of North
Dakota to take advantage of the OPP
portunity offered through the War
Finance corporation, as we believe
that is me Of the quickest Ways to
bring about a return Of prosperous
farming conditions.
THE agricultural committee at
tn cir meeting at Grand Forks pointed
out the great possibilities that are
now opened up, through the War
Finance corporation loans, for feeding
livestock On low priced grains, which
are at the present available in large
quantities. and putting the finished
cattle on the market with profit to
the grower. The committee Is send
ing out a specific appeal to the bank
ers all over the state, to use their
best efforts to prevent the shipping Of
livestock, which is not in finished or
good condition. The committee is ap-
pealing to the bankers OF the state to
obtain loanz from the War Finance
corporation, for holding such stock of
the markets, until it Is thoroughly I'm
ished and matured enough to ship
p%roftably.>
Bankers Must Take Risk.
TT must be understood that tho
War Finance loans are based largely
on chattel mortgages and anyone who
knows anything about chattel mort
cages knows that it would be impo6sd-
Bile to guarantee any number of chat
tel mortgage loans without consider
able expense and losses that would
equal If not exceed h 2 per cent
margin under which the banks mus
operate in handling these loans.
This the bankers must do. They
must AXE the farmers paper and abb
solutelx guarantee It to the War
Finance board. They must do this on
desire to make this a monsyrnakfng
proposition, however, on the part Of
the bankers. The big thing they see
in this War Finance plan is an OPP
portunity to relieve the present
strained condition that prevails.
North Dakota bankers on tho whole
areS willing to assume considerable
lrisk and to forego any immediate pro-
fit in the transaction to relieve that
strain.
Plain Publicity Campaign.
THE agricultural committee u ar
ranging for a great publicity cam
paign which will be carried on
throughout the whole state, the pur-
pose being . to arous everyone in
North Dakota to the fact that we must
all work together for the best inter-
ests Of the state To give this cam
paign the proper setting We will ask
the governor to issue a public procla-
nation in the near future setting
aside a day in which the whole
thought Of the state will be concen-