Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-06-16
A Plain Statement

In a large advertisement IN a
recent issue of the Dawson
News, there appears a plain
statement from very wise
banker, S. j. Carter, president
Of the Bank of Parrott, in
which the bank says to its GUS
toners
We believe that conditions, as
We have them, and the future, as
we Sc it, calls for plain talking.
1t is fortunate that we can
talk now about the matter we
have in mind, and in doing SO,
work no hardship on anyone. So
we can now make known a policy
we expect to pursue, and in do
ing so, give a full years notice.
We expect to extend credit to
those farmers who are careful
to grow ample food crops to
meet the needs of their farms.
We know it is unsafe-with
boil weevil hereto buy on
credit those products that can be
grown on the farm, and hope to
pay for same out of cotton
crop.
For the present, and maybe
always, it viii be wise to grow
cotton, but certainly it must be a
surplus crop. Those necessities
must be grown on the farm that
we have heretofore had to large
ly use the money from the sale
Of our cotton TO pay for.
We are debating to no one.
We are pursuing a policy we
know to be right. We are maxi
dng known this policy a year
in advance.
We would not be doing our
duty as bank if we failed to
vigorously stand for sound
farming program. The program
We stand for is the only safe one,
And in addition to the fact that
we wish to give emphatic support
to the wise program of farming
under the boil weevil conditions,
is the fact that as bankers we
are not interested in making
loans (no matter how good the
security if we think the funds
derived from such loans are GO
ing to be used in a way that will
cause us to have to realize on the
security pledged.
This bank will, at all times,
do its full part if conditions are
such that there is a failure of
food and feed crops-when
proper effort has beer, made to
produce them.
The Bank of Parrott gives its
customers a years notice that
only those who grow food crops
will credit be extended. 1t evi-
IDENTIFY believes the man who re-
fuses to live at home is moi
safe banking risk and no bank
can safely loan its money to any
other individual.
Heads of two Americas bank,
have frequently spoken of the
thousands and thousands of dol.
lars that are going out of the
county every WEEK for feed.
stuffs that can be raised here.
Cotton is a gamble. 1t is new
er sure crop. When bumpel
yields are harvested, the pric,
drops. When the price is salts
factory, the yield is low. Unde,
weevil conditions, cotton i
more of a gamble than before
The farmer who raises moth
ing but cotton. borrowing tn,
money with which to produce it
and, IN ADDITION, borrowin,
more money to buy feedstuff
(that he should produce) is ask
ing the banker to take a lon,
risk.
If his cotton crop fails, h,
can't meet his obligations 70
that year, and is forced to pyra
mid his loans in order to pur
chase food for himself and hi
stock for a second year.
With plenty of feed raised a
home and COTTON AS I
CLEAN SURPLUS MONEY
CROP. the credit risk is small
Many farmers lived at home.
but thousands do not and il
consequence hundreds of thous
ands of dollars leave Surnte
county every year, never to re
turn.
This one time, local banker
say. is terrific drain on tn
resources of the county. a blocl
in the road to financial recov
cry and ultimate prosperity.
MIR. Carter and the Bank o
Parrott are to be congratulated
for taking so far-sighted pol
icy in the interest of their de
posters, their farmers and fhI
entire community: