OCR Text |
Show For fifty years the Federal Treasury has been coining nearer near-er to the farmer's pocket. The common dependence of all industry in-dustry upon the success of agricultural agri-cultural enterprise has urged this movement. Government aid for agricul ture was first expressed through the Morrill Act establishing the agricultural college. Then the Hatch Act provided for the experiment ex-periment stations. But these educational lavs were opposed on the ground that they were too paternalistci and were the beginning of a legislation leg-islation that was dangerous. Now the "Farm Loan Act'' nothing further except that this law be put in operation and ara-mendments ara-mendments made as time goes on and the defects are discovered. discover-ed. The law now is as near perfect per-fect as it can be until tried out and adjusted as time goes on. The interest is as cheap as it can possibly be and is expected to take about the same rate as government bonds, plus one per cent for the handling of the business. The Federal Farm Loan Board has recently visited Salt Lake and is now making a tour of the United States before deciding decid-ing where the twelve Farm" Loan Banks will be established. As soon as this is done and the banks located, the system will be ready by that time to take advantage ad-vantage of the opportunity to obtain cheap money for farm operations. It is now up to the farmer, and if the law is not a thoro success from the start it will be simply from lack of cooperation co-operation of the! farmer. |