OCR Text |
Show information places the farmers' indebtedness at $1,159,000,000. tjj Farm mortgages have always been considered as securities of 'J, the highest grade, but under existing conditions the farmers' friends have apparently created a situation which has done more injury in regard to the financial condition of the farmer and his market than any other factor. 4 They apparently meant well, but have not looked far enough 4 ahead fully to realize the real situation and the effect that their 4 assertions may have in the long run. 4 The politician after votes always overstates his case and the 4 evil effect of picturing the tillers of the soil as broke and in need of 4 charitable consideration has lowered farm credits. -S HURTING THE FARMER The politicians who pose as the alleged friends of the farmer talk too much and their declarations that he is bankrupt hurts his credit. 'I he market for farm mortgage loans is likely to be affected by the report?, from I'arm Bureau leaders who claim that the fanners are making no money and are facing bankruptcy. I he ViiJihinton representative of the American harm I'urc;r,i I fl' r.ilion is credited with the statement that the farmers of the United Stales owe $3,000,000,000 and cannot pay it. A statement recently issued from Washington based on official |