The evening world. Newspaper, October 11, 1912, Page 16

| armers to Be Backe Ff Up by Funds urnished to Them by Government honse in Paris informed the Presi- Germany the First Nation to Recognize the Tiller| ‘sty so, of the Soil as the Mainstay of the Nation— «Financing the Farmer Is the First Step in * Reducing the High Cost of Living for the Future Economy of the Coun- try,”’ Says Ambassador Herrick. BY SOPHIE IRENE LOEB. PARIS, Oct. 1.—While our captains of industry and economists on all sides have been devising ways and means for the alleviation of the present high cost of living in America, ex-Gov. Herrick, Ambassador to France, has iairion at the outset gage certificates, the price to be 4% per cent. at 96 the first year, and probably 4% per cont. at 96 thereafter until popniarized, “In the article printed and tamued last May by the Department of State, with the express @anction of Secretary. Knox, it aaid: resident Taft wants to introduce the European aystem in this country 80 that the American farmer can raise money on his farm through @ bond salable in any part of the country. ‘Cheap money,’ thinks Mr. Taft, will put it In the power of the amall farmer or the tenant who wants to tart out for himaslf to get his farm on a paying basis without shouldering « staggering It would thus do beee engaged in an extensive research as to the corresponding low cost of | more than all riso to advance the back- living in other countries, having been delegated by our Government to In- vestigate methods of financing the farmer. In this work he has had the aid of four ambassadors, besides professors and noteworthy authorities. His findings are now being prepared and represent an exhaustive work, presenting all sides of the question. “The whole proposition 1s based on practical facts proposing methods | aid Gov. Herrick when I called on him at “The fundamental result of our findings points toward the} now in successful operation,” the Embassy. one principle of economy, giving the farmer a chance to develop our vast! resources, which are seemingly in embryo. “While we have advanced rapidly in the matter of scientific farming, but improved implements and the like, yet this metter of ‘backing him up,’ inj to ¢ the vernacular, has practically heen left unsolved, It were as if you had | shee & perfect engine that had unlimited potential power yet the fuel was lack- | credit inst ing to give it the impetus of acting energy. “Tt is all very well to advance ie i: “The American farmer in procuring his loans has been able only to get it} from ‘his immediate confines and for short perloda. “Thus he has everlastingly been handi- capped with the fear of the proverbial foreclosing of the Mortgage on the Farm. “But if Ne could take a farm and be sure of an much as 76 or 10 years’ time for his loans at @ very low rate of in- est his own personal interest in ‘the lopment of his property would in- erease enormously and his fuller capac- Sty of production be realized to the re- sulting good of the populace. Ae It ts, We are fast consuming more than we ‘fare producing tn the I sf food-stufts and must depend on other countries for these supplies. PLAN TO HAVE UNCLE 8AM TAKE A HAND. “But with a joining of banking forces, @anctioned and encouraged by the United States Government, the farmer could #0 femuard and strengthen his resources that the business of farming would not only nasume new dignity ‘but would form a means of Mvelihood that at present only a small percentage @f our laboring public 1s engaged in. “Aleo, securities thus ) having the approval and encouragement of the Government, would enhance in value not ‘only in America but elsewhere, where Money could be purchased at lower rates of interest. “In this way farmers’ securities would become important and sought as @ means of investment. “The farmer would have a new interest 4a hie holdings which could go on per- Petuating to his postertty. He would consequently develop more and more and the production of foodetuffs would facrease so that prices would according- ly decrease. “In America the farmer, when he meeds funds by the use of which he may increase the output of his farm, seldom can borrow except in his own immediate neighborhood and for short Deriods. He is fearful of using bor- Towed money to pay for important im- je cost of in methods to perfect for the reason that he may be called upon to repay the loan before the ap- plication of the borrowed funds has in- creased his income and at @ time when the repayment would be a serious hard- ehip. “In some parts of the country farm- ere have to pay us high as 12 per cent. cent., yet ft has declared dividenda of 9 per centfl for the lant 14 yearn, HOW A FARMER 18 CARED FOR IN OTHER COUNTRIES, “France has only oe land mortgage concern wi the lergest agricuttural credit 16 supplied—the Credit Foncter, It groups the various local banks to- gether and helps to finance them. The Credit Foncler 18 an \yoorporated com. pany with @ capital of $200,000,000 franc: The loans which the Credit Fon make to land owners, part, run for long perioda—ten to seven. ty-five years, and are secured by mort-| ware. “The long time loans are repaid in the form of an annuity which covers the tn- terest and partial payment of the principal. At the present time the rate of interest which it holds, the Credit Foncler creates and sells bonds that have a very wide and favorable market. The local mutual credit banks and the regional banks secure the greater part of their working capital from the State. In 1910 the regional banks had a pata up capital of $16,900,000 francs, State ad- vances amounted to $0,400,000 france and deposits to $2,000,000 france. Other countries of Europe have developed Agricultural credit socletion along lines very similar to the French and German Anatitutions. any other class of investor im the country, while in Burope the farmer Secures loans om the same basis as ‘the biggest railroad, industrial oor- poration, or municipality. In spite of vast areas of land undeveloped sufficient to maintain countless mumbers of people, yet we are com- Plaining of the increase of prices.” HOW UNITED STATES COULD “BACK UP” THE FARMER. “What would be the mode of pro- cedure?” I asked, “The great need is to establish an out- let for mortgage and farm securities, thus producing an International market for them. There should be a large cen- tral company with banking privileges to sell tts bonds at home or abroad with branch compantes for the collection of mortgages and farmers’ paper, these to be turned to the central company with guarantees, ‘This would seem @ proper system for the United States, Of course it capital, but money has y found for all big pro- that there are good prospects o! i iach a company, under the man- agement of pubilc spirited men, would undoubtedly meet with success, By establiahing lower interest rates in the Bouth and Wert it could procure more safe and sound mortgages than it could handle. An active market would de- velop for bonds at 5 per cent. in Amer- fea and 4 or 4% per cent. in Europe, which would give considerable margin for profit. The large Kuropean bond and mortgage companies pay dividends of 9 per cent. and over a margin of one-fourth of one per cent. of their transactions, “New York City compantes obtain equally profitable results on @ working margin of one hatf of one per cent, “Unfortunately, however, the Grate laws relating to trustees in- vestments vary considerably. These for the most! to-the-farm dea. It would enable the farmer to adopt the scientific methods of farming which the Government is teaching him and which always conte money to start.” » further states that the In- emment Foncler of of Germany “Of course the detatis of the organ- Htzation of these soctetion and com- [panies mentioned have been fixed by j the social and economle conditions of t in which van ingenuit « of elaborating nditions here the foreign agricultural Mions. "An intelligent regard for the future about the Credit ‘rance and the Landachaften they are lo A status of agriculture in America, and, in consequence, of social and economic | progress, that well advised jand act be taken to per- |fect arrangemnts whereby farmers, to | finance legitimate operations, may have [access to the broad, steady security | market now open only to municipalities jand to large industrial and raliroad cor- | porations. Fortunately the necessity of having |cheap monoy to finance scientific far \ing 1s widely recognized. Both the Ri uublican and Democratic natiomal pla forms of this year very propertly rec- ommended and urged the inveatigation of forelgn agricultural credit organizations as a basis of legislation. It is of the first importance that the widespread Interest in providing credit for Amert- can farmers not ouly should not be per- mitted to diminish, but should be wisely directed along lines that will quickly and effectively remove the burden of expensive and Inadequate financing. “A democracy such as ours requiras for {ts permanence a popular !ntelll- wence of a high order, The course of the industrial development of the United States thus far has been such as to stimulate t! wth of urban populations, partially the expense of the rural districts, until the over- crowding In our cities has become a matter of serious concern. The pres sure of population in the cities haa materially lowered the standant af I Ing of large numbers people ability to participate intelligently tn the Industrial and political affairs of the community is thus greatly lessened. “The avatlability virgin fore mado tivation perhaps for years. The era of predatory cultivation is a. unsatisfactory status of agriculture, The populaton of the United States !n- creased 21 per cent. from 100 to 1910, Within this same period the amount of land used for farming increased but 42 per cent. The improved area in farm Iands apparently made w better showing —the Increase tnt per cent.; but an analysis of the uses to which this increased acreage has been put shows that the increases in the area devoted to the Krowing of food products has been Insignificant and the Amount of land used for the production of wheat has decreased, In 1909 the per capita production of cereals waa only 49.1 bushels; in 1899 it was 584 bushels, ua decrease of over nine head in ten years. “This increase by tteelf would seem tely to explain the distressing Advance in the prices of food products, bushels per od only 1.7 per cent., but thelr market value was higher by 19.8 Per cent. in 1909 than in 189%—the in- crease in price being forty-seven tmes the increase in quantity, In 1900 there as exported breaded stuffs amounting 51,000,000; by 1910 the value of auch exports lind fallen $136,000,000 and fin- ports had increased $13,000,000, “These figures fre alarming. ‘They show that the industry of cultivating the goil in the United Btates, relative to the increase in pepulation and the augmented de- mand for food stuffs, not only hes t 1910 census clearly indicated the Bates will soom conse te have @ ment {* made that it is only by n Of a great reduction in the exportation of agricultural products that the in- creasing consumption of the country has been supped, Should present oon. ditions continue it will not be many years before we alall have to look to other countries for much of our food atipply. ‘The contemplation of such a possibility forces recognition of the pressing need for improved cultivation, France, Germany and other Huropean | countries are now far in advance of the | United States in the field per duction of foodstuffs. Staten the average yield of wheat per about 15 bushels, and in the land 3% bushels. atatistion of potatoes are particula 190 France produced 190 bushels of po- tatoen per acre, Germany 28 bushels, Russia 1% bushels, and Belgium 26 hels, In 1911 the United States pro- ed but 8 bushels of potatoes per ore and the importation of potatoes into this country Is now assuming con- aiderable proportions. “The availability of cheap money for Joans on farm lands would stinwlate the buying of farms by many who now rent Jand for cultivation. It would encourage many engaged In other occupations to purchase land and take up farming as @ means of itvelihood. At increase of 16 per cent. since 1900, The cultivation of the soll by owners is of great importance to the highest agricult- ural development. Tenants naturally are not as much interested in preserving the vital qualtties of the soll as ars owners, The selfish interest of tenants lies in getting all they can from the fand during the yeare of their tenanty with little thought of providing against the permanent impoverishment of the atl.” _—_—— > NEVER SUSPECTED KIDNEY TROUBLE—GAINED FIFTY POUNDS IN WEIGHT was suffering from s rheumatism. ‘I be- it I could hardly get on my feet from a sitting position. I ran down in weight from 195 to aM a se I tried different kinds of medicine, but received little or no baal I saw Dr. Kilmer's Swamp-Root highly recom- mended for kidney trouble, but I never had any idea that my kidneys were af- fected. I thought I would try a fifty- cent bottle of Swamp-Root and see what the effect would be. I comm tak- ing it according to directions and in a few days I saw that it was helping me. I used the fifty-cent bottle and then bought three more dollar bottles, and they completely cured me. I have gone back ‘to my original weight—196 pounds and I am at! ugh advocate of Dr. Kilmer’s Swamp- as I believe it to be a remarkable Up yerernte! for what itis mmel . reomme NTAMH, PARTCH, peared bet * Jat lore me this day of September, 1909, Wm. H. Partch, who subscribed the above statement and made oath that the same is true in sub- stance and in fact. D. A. ROLEAU, Justice of the Peace. Some time Binghamton, N. Y. Prove What Root Will Do For You Send to Dr. Kilmer & Co., Bingham. Y., for a sample bottle. It will nyone. You will also receive a booklet of valuable information, telling all about the kidneys and bladder. When writing, be sure and mention the New York Evening World. Regular fifty-cent size bottles for sale at all for side fastening. PRTOR ST VLC aw tt, Lord & Taylor Founded 1826 Latest Autumn Styles tn Women’s Tatlored Suits Special for Saturday Taslored Suits of fancy and plain diagonals, in the fashionable colorings—taupe,navy, brown, also black — handsomely lined and warmly interlined....... Tatlored Suits of chiffon broadcloths and fancy diagonals in all the new Fall color- ings. Many attractive styles, plain tailored or velvet and braid trim- med, all warmly interlined........ The English Rug Coat Braid bound and velvet collar, one of the smartest models in the new 50 inch coat. In all the newest Fall colorings...... Seveveeecvecs Chinchilla Coats In navy, Oxford, light grey and brown. Some with collars and cuffs and facings of plush, others self trimmed... coecveeee A Very Practical Coat For Street or Dressy Wear (Copy of a late foreign model.) Of the new astrachan cloth, bee Lae shawl ald id deep cuffs of osum fur, handsome ornamen {os bene ined throughout with the.best quality of Peau de cygne. 4 $39.50 —Value 800.00. $25.00 $34.50 $14.75 Value $20.00 $19.50 Value $25.00 Ready-to-Wear Hats Special for The Popular Velvet Hats Large, medium and small shapes, in an assortment of the newest colors. The garnitures are wings, ribbon, silk, velvet, flowers and ostrich;.a few smart felt hats also in the selection. sis Ti Value $6.50 _ Saturday $4.50 Broadway & 20th St.; 5th Ave.; 19th St. A Big Sale Of Boys’ Suits & Overcoats At %4.95 Overcoats f Lord & Taylor * , \ Founded 1826 Special Values in \ Women's Boots and Evening Slippers Walking and Dress Boots Now marked $5.00 and $6.00. 77... | $3.25 Evenin d Hi Shi Nov marked 66.00 and $0000, <7 | $3.95 A selection from several lines of trimmings will be put on these slippers free of charge. See Infants’ & Children’s Wear Special Sales for Saturday Girls’ Coats, 4 to 14 years Corduroy, zibilines, cheviots and mix- tures, plain tailored or dressy models— alllined.......... . Chinchilla Coats Lined throughout with flannel, belted back... $12.50 $8.75 Girls’ Dresses, 4 to 14 years Serges and plaids, Russian or belted $7.50 model, .........6006 $3.95 Chinchilla Coats—2 to § years Chinchilla Coats, all lined, box or . belted model. Grey, brown and navy: $5 > Cashmere Coats, with Capes ¢ All lined and. interlined, embroidered or braid trimmed, $4.95 & $6.50 Children’s Sweaters, I to 6 years Plain or fancy weave, $1.25, $1.95 8 $2.45 © Carriage Covers of Eider Wool Hand crocheted, in plain or two-toned color effects, $2.95 & $3.95 A Full Line of Infants' Caps & Bonnets is being shown in Corduroy, messaline and white fur at very attractive prices. Broadway & 20th St.; 5th Ave.; 19th St. “i J. MICHAELS, FRIEND OF THE PEOPLE” 192-184-186-188-199 T=" imner— 999 094.09 SMITH ST. sownt'ssn GRAND ot Cor. Warren St. SATURDAY , aabeaeat st EVENINGS Near Driggs Ave. ‘ PRY THE EASY CREDIT WAY and see what swell clothes we offer you at low prices with very little down. Ladies’ and Misses’ $22.50 New Chinchill Worth $7.50 Suits with 2 Knickers Worth $7.50 The Overcoats are made from strictly all-wool Chinchilla, with all-wool linings, Venetian yoke, big velvet: collars and belted backs; in Brown, Blue, Light Gray and Dark Gray. Splendidly made and finished and full $7.50 value. Special to-day and to-morrow at the Four Brill Stores at 95. The Suits include Norfolk and double-breasted styles. Every one with 2 pairs of Knickers, lined throughout. All this season’s new shades and patterns in Brown, Gray, Olive and Tan—thor- oughly well made and finished. Norfolk Suits, sizes 7 to 15. . Double-breasted Suits, sizes 10 to 18. This is one of the biggest bargains we have ever offered,. and early buying is urged as we expect an unusual demand for these Overcoats and Suits at $4.95, 3 Y 270 BROADWAY, near Chambers St. 57 CORTLANDT ST,, near Greenwich, 125th STREET at 8d Ave, UNION SQUARE, I4th Street, West of Broadway, — = — Harlem Store Open Evenings, for their loans, and in other localities similar loans can be made at 5 per cent. Up to this time little consdera- tion has been given to the pressing need that existe in this country of financial machinery whereby loans on land—the safest of all mobilized and access wide investment market. “Germany was the first nation to Tealise the importance of the farmer as the chief support of the nation and to give him easy banking facilites, “In the United States the aver- age scre yield is less than any country, being 14 bushels, In France it is 80 bushels, in Ger- ‘would peed be standardized to give full soope for national operations, As an indication of what the Euro- pean market would develop it might be mentioned that a banking felled to progress, but hae retro- Gteesed decidedly in the last ten years. Uniess there is » substan- tial and rapid increase in the vol- ume of production the United FALL SUITS, $14.75 Get one of these suits at $14.75 and you will be getting the very best looking suit any store has ever offered for so little money. These are suits designed to sell to women who appreciate the best styles. Serges, Whipcords and beautiful mixtures, ~ All shades, all colors and all sizes, ALTERATIONS FREE. Ladies’ and Misses’ $30 Fail Suits °22*" Absolutely every one is high grade, The finest grade of ma- terials in every detail, Finest grade of linings, Tailoring that reaches mthe highest point of perfection. QWhen you see them you'll agree they are the most ” remarkable twenty-two fifty values you have ever seen. Alterations Free, . 2 | 1°°..°35: WOMEN DISTRESSED by Ankle Weakness falling arch, or ‘* flat-foot,’’ should benefit by the relief that quickly follows the wear- ing of the Cowarp Arch Sup- EAT WITHOUT FEAR! HO SICK, SOUR GASSY STOMACH OR INDIGEST Do some foods Mr, or Mrs, Dyspep- ng nothing to sour and port Shoe, with CowarD Extension Heel. An experienced orthopedist, constantly at hand, assures correct fitting of Cowarp Remedial Shoes, Coward Arch Support Shee and CowardE xtensiontioe! have been made by James 8. Coward, in his Custom Dept, tor ever 30 years, eat hit back tic, jot this down: Pape’ upset you. There was never anything so sa nly effective. No difference how badly your stomach is disordered you will get happy relief in five minutes, but what pleases you most is that it strengthens and regulates your stomach so you can eat your favorite foods without fear, Moat remedies give you relief sometimes—they are slow, but not sure. Dia- pepsin is quick, positive and puts your stomach in a healthy condition so the misery wou't come back “There are thirty-six land mortgage banks for the German farmer. There ere joint stock companies not unlike the great real estate bond and mort- Sage companies of New York City. T bonds in circalation amount to % 100,000, The exact amount of holdings for farmers is unknown, But {t figures similar to the Pruesian Cpn- tral Land Credit Bank. This concern has a capital of $9,000,000, It opermtes through 408 agencies, It held in 1908 : About 160,000,000 of — mortgages. =. Twenty-four per cent. of these are on _ 5 farms. It has foreclosed but once in ten years on farm. Its margin of QreAt io only one-fourth of one per’ EAROB 9. CENT. CASR=ANY, DRUG STORE JAMES S.COWARD_ | 264-274 Greenwich 8t., N. ¥. ty ents ehitures o DIAPEPSi 4 oreeemieh MAKES DISORDERED 8TOM ACH many Mall Orders Pilled | Send for Catalogue VEEL FINE IN_FIVE MINUTES, ‘ —$—$——— - CURES INDIGESTION, DYSPEPSIA, SOURNESS, GAS, HEARTBURN. not vote, Registration beothe will It makes little difference what you need—a World Want will go zt it open ot 7 4, M, and close at 10 # 2S, i . ne ee ol 4 deem A