Show ilk 7 4 1 0 I 1 e 4 T N A farmer to who success operation cooperation co contribute contributes largely 4 co operative cooperative farm products marketing Mark efing how it Is done conein in europe eune and may be done in america to the profit of both fanner and consumer by MATTHEW 8 DUDGEON 10 14 asters newspaper Nw pir paper union 71 WHEN FARMERS ARE AU BANKERS boyne limerick ireland we have just been in the presence pree ence ol 01 I 1 the he best board of backen bankers that we ever I 1 10 aw saw they are all sill what the wall I 1 treet street clerk would call rubes they ire are bay seed they are farmerr far meri who ai as you ou arow must not be con aused sith iab agriculturists when we think of american banki banks and banker bankers we think of the buildings which have OU he the finest fronts in town and of the nen who ho alio also put up the finest fronts we think of shrewd tellers who never L boull anything of cashiers ash lers who are t con constantly upon the point of refusing refue lne cash to those who need it most of boards of director directors who sit it in ottly carpeted moms on upholstered chairs f around polished polla hed Cir calan walnut r table tables the irish bankers we have jut just soon eti wore mud pattered bespattered ber cloth tc the mt sat in ft a pine plus floored room on koiv ro chain chairs around i a table upon which a smoking smail smelling lue kerosene lamp a dim light that wax was almost A shadow 7 business before history HIt tory in air learch search for all that la in pod in rural we landed last KIT night ih lh limerick limerick la to a sa lighty interesting city founded by the Denes ar thousand years ago a 4 city which cromwell a force forces could not enter until the plague and starvation J L had conquered the defenders who could oot not be conquered by the sword word a city which alch in 1690 withstood a slee siege by kinc king william who was bat ri fled because the women of elty fought ought with the men ai city whence came the will wild get geese who dow wrom front 0 o iffland Ire tand to spain spainard Spa inand land other gorem lande lands SQ so they might indulge their war tike like tastes which could uh longet be ee dereid reid in ireland n ii rt bet just now more than hit historic limerick Llo ericK to 1 vil 11 ife IMM et of raynes with ita its marketing marke 0 society land if its I 1 farm credit alen V so tot to P itofe avi we came thit this i throval a driving rain over rifles of the floe inal irish roadway roadways t weh w eh a days heary heavy rainfall can only bortan into alit we t are re under the guidance of at A MLp arld jd vl die an orfa niffer and inspector of co v an f r op entire societies oel etlee employed eap loyed by the th S irise agricultural Agrie ultan organization 0 so or I 1 a bright deagero energetic tactful irish man cf who after long f study and years of ot hard bad work in co L operative throughout europe f f knows trop fro A ato 0 Z i t farmere farmers who are H 1 at si seren yeti on this rainy night we found six of the seven members of the loan committee assembled in the I 1 village club clubhouse bou here hore are us six sit shrewd but kindly irish gentlemen who know their business thoroughly some same of them bare driven miles th erch raa aed wad all mrs pary ing without pay on one Is the manager vt ut a little sawmill previously 11 a school teacher another la Is an intelligent ex member of theRe yat irish ahry 1 one operates successfully a larne larre rented farm one obe Is in a falser ralser of blooded horses borses ciao to a harp sharp tongued but at heart boodt natured farmer t who Is s evidently a believer be llever in discreet L jt kindliness kindl lne concealed under barsh harshness ne one to a clerk ha is amer mer bantlis the secretary ecret arr is in a retired school teacher with a good S knowledge of accounting and I 1 business methods how they work the irly looked a fer all the jook and accounts and 1 had of transactions which needed and of at de do t calling for comra coutu eat mist borne some of the casee cues called will serve an i illustrations of the character of at the loans made as an well as of the method 1 ot at inspection emple are ft lustra tire also of the attitude of the committee toward the borrower john obrien bad four years V in which to repay a loan of 12 pound pounds the books showed that immediately upon the repayment of this first loan an another other loan had bad been made to him to the th Ins voctor the second loan tj emed a loan io to enable the bor borrower roTer 1 P to repay the yr previous evious loan and con and contrary to the c roles the committee showed hor boy evor tuat that tho ans slowness in re i awiz the first loan was dee due to ilex sick as and hard lack seek AA mj then the interesting tact fact appeared that the second loan waa was given to en on able the borrower to end send a bright fourteen year old eon son to school tor for the purpose of better qualifying him u a wage earner the plan bad succeeded the boy bad had been at school eight months bad had done well had se e cured a position andaas and waa now so sit it bated that be could assist and andl was assisting la in the repayment of the loan the inspector on understanding the purpose of the second loan ID indorsed it a as a perfectly legitimate one and auctioned sanctioned the action ot of the tle committee marrying money A to another case one of the mem bera bers eald said hea hes all right i be he la to going ing to be married and it a a fine flue girl he be geta gets and a bit of money about 76 pounds shell bring him toland that will help to pall pull him through and make the payments pay menta of another delinquent a member said A later sister waa was a long time all ing and after a long sickness abe she died poor child hea hes a fine boy bon eit eat aa as the day la Is long he lie a a decent fellow fello v tye we cant crowd him hea hes had a hard time hea hes doing all he cart a and will pay aa aure sure aa the aun sun buying piga pigs of another case the inspector Ini said berea a guard on cn the train who borrowed money from ua us for the purchase of piga he hunt time to tend bog hogs haa has he back came the reply sure any of ua us that baa hao a wife and a home can keep piga pigs it be he wanta wants to ita its aa as easy to keep piga pigs aa as it la is to keep a home at all it appeared however that no piga pip had been bought by the train guard that a relative had bought piga presumably with the money borrowed borrow sC there waa was no danger at all aa an te to the repayment of the loan the sureties aur etlea being good fraud proud bad had been practiced however and the committee were not at all complacent about their part VM in the matter feeling they had been too easy in making the loan thia this particular brakeman would have a poor chance it he ever asked for another loan and so 0 o the committee proceeded ayroza considering each individual cas deciding each upon ita its own merita merits irrespective ot of what are considered in america to be general banking rulea rules I 1 it moat must be s borne in mind that the pow interred fo were a le t delinquents among a very large camber rumber which were promptly settled what money la Is used for V Nj dainy of the loana loans had been tor for the purchase of leeda and januies mandrea in the previous loua spring some of the had piga pip sometimes a cow waa wast ecurry secured one bad a horae horse one had built a cow abed on the whole the rule that loana loans could be made only for productive and economic uie use waa was well observed ifa lva hard bard to crowd the boye boys said one of th the mem bora ah ab thata the trouble with tia no irish replied the inspector but good bustness bu meana means good business busl nesa although it la Is hard to be harsh at all south of ireland temperaments temper amenta were not altogether convinced that harshness banh nesa waa was als wl dom and the answer came back did you ever know of harshness to be any good at allt sill some harshness necessary Nece seary the inspector Int wao in our previous loua with him had seemed the most aay easy tempered young man developed a considerable severity verity ae when appearing before the committee he kept insisting that the delinquent debtors musti be dealt with more tersely and in to a more businesslike business like way in several cases he be advised im legal unless something waa was done he lie told them that unless good business methods prevailed a new committee must be appointed or that the society would get set into trouble and would be closed out the attitude waa was more or Is leaa for effect upon the thel committee the man raised in thia this section of ireland la ieso laso so softhearted that he h cannot be harsh in hie his own matters and it la to indevel for him to be busin 11 hie like when businesslike business like matheas boda 1 in valre han briess the committee took the situation alta atlon aerio oaly to heart how hov 1 t t attl L V I 1 ever and ad the word words of the ins inspector bad had their effect for they promised that more business like methods would pro pm rail in the future good business method methods the inspector had not only full knowledge of operative cooperative co concerns con ceroe buteas but as evidently la in adill addition tion a killed skilled accountant and pointed out why the book books must be kept according to the uniform system of accounts becom mended by the irish agricultural organization noddy society A searching annual audit of accounts Is aleo also re quiren performed by either an official public auditor appointed under the I 1 friendly id endly act or beeper by per ons boos elected selected by the member members at the annual meeting everywhere aa as here we hare have found thai that good bustnes business and accounting method methods are employed and that careful audit audits are in aisted upon and considered necessary to the bucce of these societies it if there la Is any lack of these qualifications in the farmen farmers who are the banken bankers the lack it I 1 supplied by the I 1 A 0 9 through their inspectors aad and auditors farmer farmers can be good banker we came somewhat ome what doubting choul aether a farmer could be b a banker we go 90 away convinced that the tanner farmer it assisted by good supervision and inspection can be at once a good bu alnes man and a kindly neighbor here la in this foynes society la Is a committee of bushue men who are willing to come together to consider loana loans of the most trivial amounts and to meet periodically and discuss methode of bringing more money in to the little community to be loaned out but to those needing it it they are ready to go over al all the petty patty troubles and trials and misfortunes of th the e unfortunate borrower to discuss waya ways and means of helping the weaker brother pay his debt theme men are in fact bearing the burden burdens of an entire community so far as the mall small business difficulties are concerned all are most anxious to see every farmer able to buy good seed good manures ma nuree good stock and to improve the position of and family yet equally anxious to protect the funds of the bank it la Is a question the board of director directors of any big financial house who sit in richly upholstered chaira chairs around walnut table tables ever more efficiently discharged charged die the duties of bank directors than thin have thie this group of mud bespattered camors alt elt ting tins in cheap wooden chain chairs around thia this pine table one man one vote thia this co cooperative banking association at foynes la Is under the absolute control of the farmen farmers hereabouts hereabout iL thia this control la Is not centered la in a few rich members who hare have furnished the capital I 1 each member haa has ais vote irrespective of his investment there la Is no massing of votes la in the band hands of those who bare bays the moat most money la in the concern here men carry the voting toting power not money the coop cop eauve idea Is essentially experience shows that no other system succeeds for one man min to possess twice aa an much power as hie his neighbor renders readers an association no longer truly operative cooperative co before thie this principle was recognized when one 0 or r two members might outvote out vote toia member members mora than one cooperative 4 effort went to piece places the avenge average fanner farmer member la in poor he haa has never handled bandied moma he may never have as a a wan he knows nothing ot at booking banking fora forms ot of bank bookkeeping of tb legal right rights of borrowed bor rowen or of leaden leaders he k I 1 an easy going good hearted irishman men of thia this type control and bake make up the loan committee which must mus pass pas on art loan loans enforce colled collections ions and decide oa on all minor questions relating to the policy of the organization how can such members be good banker ban kerst in america it take takes shrewd well trained business men to make a bank succeed they know mn of bank accounting than do they kneiff ike akans ia kawaa do law lawyer yera tey y figulo by long eludy of their subject become familiar with every phase of it Hi bithen then can a these those happy go lucky irish rumen ru men become successful financiers 0 4 the answer or the biggest bluest part pirt of the answer Is I 1 that the irish agricultural organization society has ha a beneficent supervision over them aad and furnishes them with the w they jack interview with doctor mccarthy notwithstanding all that thai co cooperative credit ha has done for ireland it till still baa ban a lack ay mays doctor mccarthy the small tenant fanner tamer has ha had ample provi provisions made for him by the government tor for the te purchase of his hi home 8 small mal 1 far farmer through h credit associations asso catlon hare bays ample of obtaining mall small loans for productive purpose purposes abat ireland inland most need needs now however Is I 1 a system ot at joas by the owners of the larger ismer estate estates may demure cure fund funds with which to mako maka their estado productive aad profitable the no owner owners of the big estate estates are all in need of at money they are as to poor in a senile sense as the tb poorest tenant farrien far aien the wont worst farming in all ireland in I 1 sometimes found upon the largest estates tales the farmen find and it difficult to ob obtain tain a large ian I 1 an at a low rate of interest on long loss time with privilege privileges bt pay ments such as will enable then to use money tor for the gradual up of et the productiveness of the fana farm if it it were possible here bom b to borrow money of this epil 01 aa as it Is latuer maw las 1 in italy and even la in Ri abill the ruf il portion portions of much more rapidly america cn a safely seely adopt the irish system of clort tima al at laabs boutwe but we should have lo 10 dd ton pomo thing like the gerbaz land eh seh altea artea buks maks for larger lone lonz una loan |