The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-21
The Attitude Of the Florida Banker to
the State Livestock
Industry.


A feature of the convention of the
Florida Swine Growers Association
which ended in DeFuniak Springs yes
terday was the address delivered BY
e. r. Malone, president Of the Ameri-
can National Bank OF this city, on the
opening day. Mr.. Malone spoke on
! The Attitude OF the Florida Banker
to the State Livestock Industry and
the following, his address in full. fur
nishes several angles little dreamed OF
by one not closely in touch with the
situation.
Gentlemen and Members Of Your
Association:
"A hog always looks upon the other
mans pasture as the greenest! I be-
lieve the rule is that men do the same
thing; and it seems to me that once
read Of some dissatisfaction among
the angels! While / think sometimes
that / could do better, perhaps, In
the moving picture line, beyond an oc-
casional fancy that I would like to try
working for a bank whose bylaws
require the president to lend all its
money to his special friends, I feel
that my lines have fallen in pleasant
places. am sure that it is pleasure
Tor me to be with you today.
Where the Heart Is.
I'VE have it on the very best au-
thority, that where a mans treasure
Is there will his heart be also. What
/ am going to say is therefore based
on the assumption that every Florida
banker who knows on which side HIS
bread is buttered is most friendly to
the State Livestock industry Self
interest is most impelling impulse,
and after he sees that the progression
is not like that OF man who pro-
crossed head foremost down a well, the
banker can be counted upon to assist
any sound undertaking.. take off my
hat to empire builders; and upon those
who profess to regard them as moth
ing but a group Of real estate specu-
lators, usurers, merchants, brokers,
and lawyers acting in the interest Of
the group look with patience that
Is more or less scornful They are
mistaken who think every business
nan who is engaged In developing his
country is doing it solely
with the expectation Of marketing the
'armer's product, controlling his cred
t, ana selling him at a high profit.
Source OF Wealth.
wealth comes from the land, and |
rom the sea, and men who build |
owns, naturally expect that the near |
~ farmers will prosper and that they |
Who build the towns will share in that |
II they did not have this |
hey would not be Of much USE A |
customer is the best Gus !
.omer. To be of much use to COM
nunity, a man must be successful. No
,uch institutions as banks, no such |
Institutions as a railroad corporation, |
10 cooperative marketing association, |
10 public service organization of any |
lind, can be of much direct or indi-
ect help, unless it is seIf-supporting
nd able to give good service.
New Govt Dept.
First then, propose to give you
he views of that somewhat new de-
artment Of our government-the bu-
eau Of foreign and domestic COM
nerce. remember coming into prac-
ical touch with it when during the
utlined to a body OF bankers at At
antic City the probable course Of the
og business. He told US the thing to I,
o was to encourage the raising of /
ogs; that more pounds OF pork could !
Q produced within a limited time, say |
s months or two years. than of any I
ther meat food; and he predicted +,
nat pork prices would not likely go {
own as quickly as would the prices
n other meats. The prophecy, have {
bserved, proved good. The men who {
re running this bureau have an OPP t
to sit at the cross roads and 6
Atch the whole international trade In /
and meat products, and am /
cry glad to be able to give you in a {
eneral way their opinion as to the /
ltlook at this time. c
u. s. Best Market.
"There would appear to be many 4
arts OF the world which can produce !
9TH mutton and beef at lower cost
ian they can be produced on q large
ale in this country. These are pri-
ariIy industries associated with the
evelopment Of new regions. We have r
i American market that will absorb {
i the mutton and beef that can be n
,oduced, and the prospects are that b
least for a number Of years, the y
nited States market will probably be a
10 best market for these products in d
IL world, as our prosperity and buy I
% mower enables us to maintain q h
,nnewhat higher standard of living, n
hich means OF course high con-
Imption of meat.
an hog products there is no indl- t.
.tion that we shall have successful c.
val especially in the productlon OF b
I'd, for many years to come. There IS c.
other country which has the large G.
ale of production Of hogs which has e
ION developed In the United States le