The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-21
PENSACOLA BANKER DELIVERS
INSTRUCTIVE ADDRESS BEFORE
SWINE GROWERS AT DE FUNIAK

can produce a vast amount of forage
and such fattening foods as peanuts
ana corn, it would appear that we
nave great opportunity for gradual
~ developing the pork business. Dur
ing the past two years the demand in
europe has shown that necessity is
going to hold them to the lower priced
FOODS, and pork products undoubtedly
furnish the lowest price animal food
that can be supplied
Ships Go East.
Secondly, propose to discuss the
kind of help banker can give. If
may speak for him, he has thought
Things out for himself and he has come
10 the conclusion that after a cloud
comes over the earth, rainbow shall
De seen. think he realizes that
Ships go east and ships go west,
The very same winds that blow;
lis the set of the sails and not
the gale
, nhat determines whittier they co.
he does not want to be captain of
the ship, but take him on the average
ne is not going to shirk his duty to
help set the sails. The value of his
attitude like current OPINIONS of his
personal ability, is often over-estimat-
ed. A banker cannot make loans to a
hog raiser, simply because he is a man
VINO raises hogs. AS Mr.. Lloyd George
said to the Bolsheviks who wanted a
loan before they had given any proof
that their government was becoming
civilized and orderly: We have certain
preJudices. For example, when a man
sells goods, he likes to be paid. If
man seeks his neighbor and asks for
ala, ne does not succeed in borrow
ing II he declares his principles do not
allow him to repay his creditors It
Is not legal for a bank, itself to take
stock in outside enterprises, and it's
probably not a helpful thing for the
banker, individually, to take a money
interest in farmers marketing associa-
tons Other things being equal, it is
goog policy for bank to give pref
erence to loans to concerns in which
Its managers are not financially af-
filiated. Farmers must be ready to |
furnish their share of the necessary
capital; it is not sufficient for him to
let the association handle a portion |
OF his crop, forgetting that the favor
is to himself rather than to the as |
ISOLATION.
Over Organized.
I'VE in the United States are already |
over organized, but the banker should |
encourage such mutual associations
wherever needful. Team work is the
thing. Team work is a sign of civili-
cation. Savages do not do team work.
When they become team workers, they
cease to be savages. One Of the most
serious problems in starting co-opera-
tive enterprises Is that of financing
It's operations Very few Of these or
carnations have paid in capital stock,
Or other assets that are liquid: and
practically none have the security that
g generally required by banks in max
ng loans. The bank official is not to
De blamed for this condition, and you
10 not get anywhere by blaming him.
commercial bank that makes what
s called, nowadays, capital loans. re-
Iuces its financial strength and low
RS its ability to help its customers.
The government supervisors will not
ook with favor upon a bank which
does it. q
Supplying Farmer. 4
"The banker can supply to the farm
marketing his products, the essen
lal which the farmer chiefly needs c
knowledge OF business organization +
nd methods. In the various COON
rattve enterprises the banker can do }
reat service. Today more than ever b
ne American farmer needs as his first
riend the banker. Cooperation as /:
} the distribution and marketing of d
erm products is not very successful IL
Mess 1t is founded upon dire neces- a
ty. So long as farmers do fairly p
ell in their own way they are not in Z
lined to cooperate. They are more II
r less suspicious of efforts of others d
} improve their condition and they g.
re slow to turn over to others what II
elongs to them personally Farmers I
ave been good to me; many of them m
LII me friend, and many of them Of
ave paid me when it looked like they te
'uldnt pay anybody else; and I say d
lese things in no spirit of Smart
leck criticism. / make the point that
is the duty of those who occupy po- h,
tions of responsibility to frown upon &C
'eying parasites. &c
Appreciation. Ia
THE man who wants something for ii
othing, am afraid, is dead beat p,
nee when I raised pedigreed pigs, r.
ainly with a view of improving the Il
'eeds in my county, I found that w
hen I gave a farmer a $50 pig, he VI
,preciated the gift all right-but he II
dn't think much of the pig. When h.
got him to buy one and pay for it, cr
took good care OF it and had better IN
,gs. in
Banker Farmer.
What then, can a banker do? When
ere is a hog sale in your town, he
n see that the prices paid are fairly
.sed upon the current market He
n give you credit information. He