Milford chronicle., 1928-10-05
BANKERS PLEDGED TO
Give FINANCIAL AID
TO STATE FARMERS
rC,ntinred from frst paael

the cost OF pIOuuCJIOu anu lStuA 10
On this subject we might say that IL
many instances there is a difference
between the cost to the producer an(
the consumer, of from one hundred
to two hundred per cent and il
some instances even greater. This
is due largely to the fact that the
farmer takes the price offered, anC
does not seek the market. With
good roads, easy and quick trans
portation and our close proximity to
the large cities, the wide awake
farmer can seek his own market
and eliminate, to a large degree, the
enormous charge of the middlemen,
or those who style themselves
brokers.
Where Farmer Is At Fault
"(d) The cost to the farmer for
equipment, fertilizers, seeds and
such other commodities as are nee
essary and incident to the industry.
A large majority give no thought of
their future requirements, but Sim
ply wait until the season arrives, go
to their local dealer, place their or
der, and take the commodities home
with them, asking their dealer to
wait for his pay until the crop is
harvested. The dealer must carry
the account, usually without inter
est, assume all risk, borrow money
to meet his obligations, carry his
own overhead and other incidental
expenses, and in the end the farmer
pays it all. Any dealer who sells for
cash, and turns his money quickly
can and will sell from twenty to
thirty per cent less. If he does not,
then the wholesalers and manufac- |
turers should be sought.
This high percentage of cost can |
be eliminated by the farmer going to |
his bank and borrowing the money |
at the fixed interest rate. We, how
ever as bankers must be true to the |
trust repOsed in us, and not become
imbued with the idea that we pass
face up, all applications for loans
that may be presented. The first
consideration of a bank in making
any loan should be the moral risk.
When you find a borrower, and by
this we mean the average small de-
pOsitor, carrying accounts in various
banks, borrowing possibly from all,
the board of directors would prob
ably be wise if they call his notes
for payment. The borrower should
select his bank, keep it informed as
to his financial condition and con- {
fine his obligations to that institu-
ton. By following this course there {
is a confidence as we'll as a credit
establishlished
Banks Ready To Assist >
$50 far as we have been able to /
learn, there is not bank in the L
State, that does not stand ready to
assist any worthy farmer. b
"(e) 1t has been the tendency of S
many farmers of the State to sell L
the quantity irregardless of quality. Il
This method will put any farmer 7
into bankruptcy. Our market de- o
mands the best. The poor, laboring v
man may, from necessity, consume V
less, but he wants the best, and c
when he pays the price he must be tt
satisfied that he has the same quail tt
ity, if not the same quantity, as his NJ
rich neighbOT. The day of poor mar c.
keting has passed. Every commod- | pi
ity offered for sale should be true to CO
its grade and label and should l.
carry with it the producers guar til
antee. This is fair. This is honest. W
The consumer then knows what he be
IS buying. ps
we now have on our statute, a of
aw requiring the grading of apples, R,
This law is workable and should be Fl
to every apple grower. Fl
It's enforcement will give to the D,
Delaware apples a decided advan- HI
age over the western product. This ca
aw is, and other similar laws Sa
would be, a great advantage to agri- all
culture. tn
"f) The dairy business of the Ca
state is being put on higher plane. an
Herds must stand the tubercular
est. Cooling stations are demand
ng milk high in butter fat and :,
rom tested cattle. Teach the youth %! pII
hat one good COW will yield him -
reater profit than three poor ones. 81
each him to save labor, feed and tb'
verhead; make him proud of one -,
God COW rather than ashamed of y"
Iree poor ones. =
"The poultry industry is reaching
higher plane The farmers who
re making any money in this in
ustry are having their fiOcks care
lily culled, getting rid of non-pro-
lcers and turning them to cash,
Hereby cutting down the cost of
ed and increasing their profits.
ncourage youth to have the best
only. Show him how he
IN make money on the farm and
lcourage him in the industry.
Waste On Farms
There is a great waste on many
rms. This can be overcome. What
III can't eat, sell, but what you do
II give value received. and what
u can't eat or sell, consume on the
rm by feeding. The successful
rmer today must follow this meth
1--WE believe that every bank of the
ate should help to finance worthy,
nest and industrious young men
gagged in farming. The more de-
sitOrs who pass over the thresh-
of you bank, leaving small as
IL as large deposits, the greater
Il be your success.
The farmer does not ask charity
is our most Independent citizen.
e world is dependent upon him.
e perpetuation of our institutions
holds in his hands; he stands for
/ defends our liberties and indie
ldence; our institutions he safe
ards; he holds and shapes the
ughts and charter of vast
18th; he teaches them the truth;
teaches them to obey our laws;
is rearing the future generations.
him we depend for food and