The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-08-09
DAIRYING

esting, not only To farmers but BUSH
ness men and citizens generally in
other callings. 1t was delivered by
Walter E. Sprecher. cashier of the
State Bank of Independence, Wiscon-
sin, at meeting of the members of
the Atlanta District. Federal Reserve
System. Mr.. Sprecher said:
When told one of my friends that
your association had asked me to come
all this way to talk to them, he smiled
and said, "Well that's mighty fine of
you. but think it's carrying a joke a
long ways"
Now. if you did make mistake
IN bringing me-I am mighty glad
that you did, and let me tell you why
in my sojourns to our A. B. A. con-
ventions and council meetings and to
Washington in behalf of par clearance,
I got to learn how your beloved secre-
tary, better and more versatile story
teller never heard, and that cour-
teous, lovable gentleman Maddox; and
that mighty never inching little
fighter Adams, who dare say were it
not for him and Claiborne, of New Or
leans-the believers in reasonable
exchange rate would long ago have
been toasted, roasted by the Federal
Reserve System, and that possibly by
this time we country bankers would
have been making a second unwilling
but forced march to another trough
where there would be no friends to
greet you but merely big black let
tered, bold type sign EAT. But
thank God, you men of the Atlanta
district had the courage of your con-
viction and sent out the siren call "on
to Washington" and so we went and
learned who our friends were and to-
day the giant octopus is stubbornly
getting to realize that all the fortified
.defences, iron clad battleships, tanks
and armaments-the vast wealth the
Federal Reserve System can provide,
cannot gain point when they forsake
the principles of justice and the adj
mitted unwritten law, upon which our
country was first consecrated and es-
tablished. -
But friends, / have not come to
talk about par clearance, but to speak
on dairying. | was happy to come
and learn better this part of our great
Southland and reciprocate for that
which you have done for us in the par
clearance fight. and if a state that has
just celebrated its SO years in dairy
ing can be of service to you or offer
you any advice, we shall be most hap
ply and gracious to be of service to
you.
| am confident bankers of Georgia
have come to realize that the COW is
mans greatest benefactor. Defiation
periods may come, freights rates may
60 sky high; water and rail trans
portation facilities may become very
limited; hail, wind. droughts and
floods may come. destroy our crops
and wipe away our hopes-but the ole
Cow, and spell it with capital letters
will take what is left and manufac.
ture the most nourishing and life sus.
tanning products given to man. II
fact the products of the dairy COW
have been a better investment Gas re
ported by the Bureau of Markets ane
Crop estimates at Washington) thar
any of the other farm products. Ii
every respect butter prices of 1872.
were truly more satisfactory than an.
other farm products and this was don,
in spite of the fact that there wer,
5000, 100000 pounds of counterfeit
! products sold at a price below tn
lower grades of butter. handicappin,
the butter industry to that extern
where other agricultural products ha,
no handicaps.
What the Cow Has Done
But the dairy COW has done NOR
than that-the states that have ha
dairying developed the most success
fully have felt the defiation least, an
to that degree let me say, in whic
dairying has been developed in thos
states. In other words collections ar
better in dairy states, mortgages an
notes are paid more promptly, tn
farmers receive money from IL to 2
times a year-he has sure return
land value has fallen less, consequent
ly the banks are on more stabl
basis-money is freer, bank failure
are less.
To be more explicit, let me point
my own state and feel that If ca
prove to you bankers of Georgia tbs
dairying and diversified farming hs
made Wisconsin the state that she
and that Georgia can also, throug
proper effort, direction and educatio
become one of the greatest dai1
states in the union, then I know tn.
Won bankers will Give tho aid and al