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Show Evolution Perfects Banking Business (Continued from page 1) the farmer and his needs for capital, but times have changed. Bankers and financiers the world over realize that the farmer is the man who conducts the most fundamental industry known; " that when he is prosperous his prosperity extends to all branches branch-es of business. The banker and financiers of Europe were the first to realize that the farmer should be taken care of. Rural credit banks have long been known in Europe where money could be borrowed for very low-rates. low-rates. The rural credit societies of Germany and France lend money to the farmers at rates as low as two and three per cent and for long periods of time. The farmers in the United States can hardly expect such cheap money. Capital is more in demand de-mand for development. Ten chances are offered for the profitable pro-fitable investment of capital in the United States to one chance in Europe, and where the demand de-mand is greater prices are higher. high-er. As the demand for capital is greater in the United States, therefore the price is higher, or we have to pay a higher interest rate. The Rural Credit Bill is a sincere sin-cere and honest attempt to provide pro-vide comparatively cheap capital for the development of the farms in the United States. The farmers farm-ers of the West especially, are in need of capital as the West is the newer part of the country where the most development is taking place. It is evident that the western farmers especially have been thought of in the drawing of this bill as it provides pro-vides that, where ten or more farmers . get together and 1 form an association, they can borrow from the Federal Land Banks. Every farmer should be alert to. the possibilities offered him ' by this bill and should do all possible to acquaint himself with the operation of its provisions. |