The Horry herald. (Conway, S.C.) 1886-1923, November 16, 1916, Page SEVEN, Image 7
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! SHORT-TIME
[ FARM LOANS
1
i
Method and Character of
Farming and Factors?The
v One-Crop System.
Bankers are more and more requiring
of farmers who wish shore-time
j loans statements as to their business
( similar to those that are required of
' merchants and manufacturers. In
j certain cases bankers supply farmers
with specially prepared blanks
or rate sheets which the farmer is
required to fill out before his application
for a loan is considered. In
discussing this practice the writer of
Department Bulletin No. 409, Factors
Affecting Interest Rates and
( Other Charges on Short-Time Farm
/ Loans, says, in part:
J "One important purpose of the
sheet is to show how far the farmer
devotes his energies to raising a
single crop, or how far he diversifies
' his farming and gives attenttion to
the raising of foodstuffs for his
family and feed for his animals. If,
\ for example, farmer A has a garden
and raises enough vegeteaWes andj
fruit to supply the family needs, if
he keeps enough poultry, pigs, and
other live stock to meet the require-!
ments of his household for eggs,
meat, milk, and butter, if he provides
enough pasture, hay, and fodder to
| feed his live stock, he has this advantage,
that when the cash crop,
whether cotton or grain, is ready for
sale in the fall it is not tied up with
a lien to meet a season's advance for
food or feed. He is in a position,
therefore, to sell his cash crop whenever
the marketing conditions .are
favorable. The relatively favorable
tlfiHlf inn n f Clinli n f Cl * m n *. nacidfr. l.in,
I' - VI UUVII 14 A C* I HIV- I CAOOIOCO 111111
in commanding the confidence of
lenders.
"On the other hand, considre farmer
B, who conies to the local merchi
ant and makes credit purchases of
bacon, corn meal, and canned goods
for table use, and who goes back to
his farm with a bale of hay or a sack
of feed in his wagon box. In his
cotton field there are patches whore
the yield is poor because of low so'l
fertility and indifferent methods of
cultivation. The only enterprise on
the farm is cotton growing, and this
crop is mortgaged in advance to supply
the food and feed purchased in
town and consumed on the farm.
Farmer B has little if any credit at
the bank. He gets a limited store
credit on an advancing basis from a
local merchant. His is the moat ex
pensive kind of credit, and probably
he is the farmer who is the least able
to pay for it.
Responsibility for the One-crop
.System.
"In some regions the banker even
more than the farmer is responsible
for the continuance of a one-crop
system of farming. This is especially
ti*ue where bankers refuse to extend
credit to farmers except on the
basis of a single crop, such as cotton
in the South or a cereal crop in the
North. Such a mistaken policy can
be corrected only to the extent that
i the banker realizes the etdl effects
I of one-crop farming and undertakes
to cooperate actively with the farmer
in the extension of credit on a
proper basis.
"It is scarcely possible to lay too
much emphasis upon the practical
importance of the method and character
of farming as factors affecting
t interest rates on farm loans. Ever
agricultural region has its own peculiar
problems of adapting farming
methods and practices to local condiI
tions. There are progressive bankers
in various parts of the country
who realize the importance of cooperating
with the farmers in promot
ing the kind of farming that will be
' pumanently beneficial to the community.
This suggests a common interest
between bankers and farmers
which should be made the basis for
| further cooperative effort.
Attitude of the Loan Agency Toward
the Farm-loan Business.
"In many regions the banks are
i not accustomed to dealing with farm
ers to any extent, esepecially with
tenants and croppers, and the latter,
therefore, must obtain their, loans
from other sources. This is especialClear
Bad Skin From Within
Pimpy, muddy complexions are due
to impurities in the blood. Clear up
the skin by taking Dr. King's New
Life Pills/ Their mild larative qualities
remove the poisons from the system
and brighteh the eye. A full,
free, non-griping bowel movement in
the morning is the reward of a done
of Dr. King's New Life Pills the
n^ht before. At your Druggist, 25c.
?adv. #
ly true in the cotton States, where
the system of advances from merclmnts
t) farmers still prevails. A
few banks are breaking away from
this traditional attitude, however, in
one community of South Carolina j
the banks are actively soliciting
business with croppers and renters
\s well as with farm owners. One
of these banks began this policy 15
years ago on the assumption that
nirny small accounts of this char-1
cle. properly scattered would be j
safer for the bank than a few large
accounts. The experience of these
banks has led them to become more
active than ever in the extension of
thc*ir farm-loan business, while the
far..-.era of their vicinity generally
are obtaining loans on better terms
than those living under similar agricultural
conditions elsewhere.
"It is realized that the farmers
in some sections of the country are
accustomed to carrying check accounts
with banks and are as familiar
with the requirements of banking
relations as other business men.
i.1 : - i
jLiiere ure otner regions, However,
where many farmers have not had
such experience in cmomcrcial matters
and where the bankers could be
of practical assistance in making the
farmers better acquainted with banking
methods. The banker should
remember that the farmer is not
subject to the periodic visits of an
examiner, requiring that certain
matters receive attention p omptly
within definite time limits. This is
one reason why farmers do not always
realize the importance of meeting
their obligations on specified
dates. One plan that has \proved
helpful in this connection is to
have the banker give the farmer the
benefit of ample written notice with
reference to the maturity of interest
I or nfliPr * ?n l'mnnf o
w M,v4ivfc"
"Existing banking methods and
practices as related to farm loans are
often criticized by reason of the unwillingness
or inability of certain
bankers to carry over farm loans until
the farmer is prepared to meet his
obligations. Complaint is often heard
of cases where a banker, with a 1 ittie
extra effort, could make arrangements
to carry over the loan of some
farmer patron, but where in fact an
apparent indifference to the welfare
of the farmer is shown. It is interesting
to learn, however, that many
bankers manifest exactly the opposite
attitude, and use every resource
?i. 1 ? ? ? '
ai men cwiiiiiiuiKi, inciuaing sucn assistance
as they can obtain at larger
financial centers, in order to carry
over their farmer patrons until such
time as payment on loans can be
made conveniently.
"Where banks are active In developing
farm-loan business they realize
the importance of understanding the
requirements of safe and progressive
agriculture and also the importance
of educational work among farmers
in the interest of improved agriculture.
Such knowleedge gives the
banker a better understanding of the
merits of farm loans and at the same
time tends to raise the standard of
farm-loan paper. These considerations
not only make possible a safer
and larger loan business for the
banker but also lead to a decrease
in the interest rates paid by the
farmer."
o
M?WlfMA*M#OM4UMt6 I
J
Cta. <???^r??.ao> .#
t form of this old
reliable remedy makes it possiI
ble for you to check any illness
at the very onset. It is a safeguard
against coughs, colds and
other catarrhal conditions, no
matter what symptoms are
* manifest. Catarrh is an inflammation
of the mucous membrane that
lines the breathing apparatus and
the digestive apparatus. PERUNA
relieves catarrh. In tablet form it is
EVER-READY-TO-TAKE
Its prompt action makes it invaluable
for men and women exposed
to sudden changes in the
weather or compelled to be out in
slush and rain.
It will also be found most satisfactory
as a tonic following an attack
of illness.
CARRY A BOX
wherever you go. Travelers and others oomI
polled to take long drives in the cold and
anyone whose occupation subjects him to
the danger of sudden colds may use it as a
preventive with the assuranco that the
tablets made are from the name fo.mulary
asthe !i ' ..1 medicine w'.th its 44 years of
success before the American Public.
Tb? ftrim Cosapaay, Columbu, Okie
' O
Rye seed lose thier vitality after
fltf/v IfAAVO - ?? a!__ 1
i-tyu jrcaiD, auu uccuuit: grcuny weaKened
after one year. However, threeyear-old
cotton seed are better for
planting purposes than one-year
Reed.
Your orchard should have a cover
jcrop planted in it. There is yet time
I to plant. i
THE HOBBY HBBJ
Pathe's Wo
in 10 episodes of
ture an
Beginnir
*Hli ? 1 _* ?
t ne smeiai
Produced by Astra
Featuring GRA<
With LEON
RALPH
t
In the World's
VARIETIES OF ALFALFA
Nine Fairly Distinctive Commercial \
Strains Adapted to Varying
Climatic Conditions.
The increased interest in varieties
of alfalfa and the need for the farm>
PI' tft Irnnw urliotV>oi? ? /.?! ? ? !? ?I
.V ....... nnvwivi a (.CIUUII VUIIftJ
is suitable for his neighborhood have
led t0 the publication of Farmers'
Bulletin 757, Commercial Varieties
of Alfalfa. The authors, R. A. Oakley,
and H. L. Westovre, of the Bureau
of Plant Industry, discuss in detail
the characteristics and habits of
the nine fairly distinctive commercial
strains of alfalfa now recognized
in the United States, together
with their adaptation to climatic conditions.
Some give the best results
in the North and Northwest, while
others succeed only in the South and
Southwest where the winters are
mild. Whenever possible, the authors
have indicated methods of distinguishing
the seed of one variety from
another.
"Common alfalfa" is a term that is
used to include all of the alfalfas
that are not clearly of hybrid origin
or that do not have distinct and uniform
varietal characteristics, such
as the Peruvian and Arabian varieties.
Numerous strains are coming
tq be recognized in the "common"
group. They are often designated by
the geographic name of the locality
where grown, as Kansas-grown alfalfa,
Montana-grown alfalfa, and
many others, or by some term descriptive
of the conditions under
which the crop has developed, such
as dry-land alfalfa, irrigated alfalfa,
and nonirrigated alfalfa.
Stl?l ino '? *'
Kjw unio itcyci^jjcu in x,ne kioutn
usually produce larger yields than
those developed in the Northern
States, but they are less hardy. The
'dry-land" alfalfa seed offered on
the market has so far failed to showany
noticeable superiority in ability
;o lesist drought over that grown
vvith an abundance of moisture.
The commercial Turkestan alfalfa
has been tested quite thoroughly in
ill parts of this country, and in nearly
every case has proved inferior to
eric an-grown strains.
The leading commercial strains of
variegated alfalfa are the Grimm,
the Baltic, the Canadian variegated,
and sand lucern. With the exception
of sand lucern, they have been found
I more resistant to cold than other
commercial varieties or strains and
are therefore recommended for sections
where winterkilling occurs frequently.
Peruvian alfalfa is not resistant to
severe cold and can be grown successfully
only where the winter temperature
is comparatively mild, as ir
he Southern and Southwestern
iLD, CONWAY, &. a.
Vv'
nder-Serial
mystery, advend
thrill.
ig Today
ing Shadow,
Released by Pathe
CE DARMOND
BARY and I
BLLARD
Greatest Serial.
States. Under favorable conditions
it outyields any other commercial
strain.
Arabian alfalfa is not a satisfactory
variety because of its tendency
to be short lived.
As a result of numerous experimental
tests the adaptions of the
various varieties and strains of al
falfa have been quite definitely de
termined.
It is highly advisable that the farmer
should learn to distinguish good
from poor seed. Plump seed of an
olive-green color almost invariably
germinates well while shriveled or
brown seed generally germinates
poorly. The presence of any appreciable
quantity of weed seeds or other
impurities indicates a poor qualtiy
of seed.
Owing to the fact that alfalfa does
not produce seed satisfactory under
humid conditions, there is little use
in trying to grow it for seed in the
Eastern States.
Breeding work with alfalfa offers
possibilities, but the time and expense
involved are so great that a
farmer can not afford to undertake
it.
o
CONWAY NEWS
This Case Has a Hint For Many
U.V-..IJ ?? 1
iii-iuiu uruuiTs,
This Conway woman has tried
Doan's Kidney Pills.
She has found them as represented.
She publicly recommends them.
No need to look further for a tested
kidney remedy.
The proof of merit is here and can
be investigated.
Profit by Mrs. Macklen's statement.
Mrs. G. A. Macklen, nurse, Laurel
St., Conway, says: "I don't hesitate
to recommend Doan's Kidney Pills.
I consider them a most valuable
medicine for backache, headaches,
dizziness and irregular passages of
the kidney secretions. I have often
recommended them and they have
always given the best of results."
Price 50c, at all dealers. Don't
simply ask for a kidney remedy?get
Doan's Kidney Pills?the same that
Mrs. Macklen recommended. FosterMilburn
Co., Props., Buffalo, N. Y.?
adv.
PUT AWAY SOME
POTATOES FOR SEED i
Clemson College, S. C.?It is an
opportune time to think about putting
away well selected seed potatoes
for next season. It is an excellent
^ -1 ? - ? 1- ? 1 1 ?
(iiav iiuc wu ?ii^ u jjuuu many iii'in
separately with a hand fork ar.d to |
select seed from only the best yielded!
hills. Such a practice will lend toi
the improvement of potato strains |
and will largely prevent the "running
out" of varieties. .
AFTER WAR TRADE
I WITH AMERICA
John Barrett Reports Prospects
From European
Viewpoint.
Washington.? In an advance state-1
mont, John Barrett, director general
of the Pan-American Union, who has
recently returned from a special trip
to England and France to study thi 1
European viewpoint of the Influence .
of the war upon Pan-American c< m ;
merce, gives a summary of the i\ j
port which he has prepared. While!
abroad he conferred with leading officials
and representative financers
and manufacturers connected wit*i
foreign trade, being afforded every
facility in his investigations by both
government and private in teres s. By
invitation of the British and French
authorities he also spent a week at
the battle front in France, from Vcr
dun to the Somme. The report also
.reaches the following conclusions of
concern to the commercial and financial
interests of the United States
and Latin America.
1. Not a government official, hanker
or general business man, or any
army officer, would express a positive
opinion as to the duration or end
of the war except that the majority
plainly believed that it would last
well into 1918 or even longer.
2. A most powerful semi-official
organization and movement has been
quietly but effectively started in
both England and Vranee, not only
to make now an extraordinary effort
to maintain their present trade with
the Americas and regain what may
have been lost during the first two
years of the war, but to prepare
ahead for a greater effort after the
war in building up this trade than
they ever made before.
3 Under conditions which amount
to encouragement and almost to actual
government aid, a large variety
of industries heretofore little developed,
and hence figuring slightly in
the foreign trade of these countries,
i3 being rapidly developed and will
surely play a prominent part in their
future commerce and in competition
with the United States and other
countries.
4. A vase practical army of very
skilled but reasonably paid labor is
being trained and developed all over
Great Britain and France in the form
e* -
oi women workers, who will increase
immensely the efficiency of manufac
ture and the volume of out put of
foreign commerce despite the loss of
male and skilled labor resulting from
the war.
5. Notwithstanding the extraordinary
financial burdens of the war,
the British and Frnech financial and
commercial interests, recognizing the
planly injurious effect upon their for
eign commerce of their present withdrawal
from financing government
loans and private undertakings in
Latin America and that the United
States is rapidly supplanting them
in this respect, are now planning to
cooperate in caring for this field in
the future as they have done in the
past.
(J. Everywhere, however, is both
official and private circles, there is
not only an expressed belief that
there is abundant room in South and
Central America for the financial and
commercial efforts, both of the United
States and of England and France,
but a sincere desire to cooperate as
far as possible with the commercial
and financial interests of the United I
States in order to avoid a ruinous
competition that would be harmful to
all concerned. Everywhere, moreover,
strange as it may seem, there
is decided optimism rather than pes
simism about the effect of the war
on the capacity of England am'
France to care succsesfully for their
foreign trade under war condditions
and again under the conditions whic'
will follow the war.
o
FORGET YOUR ACHES.
Stiff knees, aching limns, lame
back make life a burden. If you suffer
from rheumatism, gout, lumbago.|
neuralgia, get a bottle of Sloan's I
Liniment, the universal remedy f v. |
pain. Easy to annlv: it nenotratrc
without rubbing and soothes the ten-;
der flesh. Cleaner and more effectiv e
than mussy ointments or poultice-. |
for strains or sprains, sore muscles]
or wrenched ligaments resulting from
strenuous exercise. Sloan's Liniment
gives quick relief. Keep it on hand
for emergencies. At your Druggist,
25c.?adv.
o
J. R. Allsbrook was here a short
time last Wednesday, leaving in the
afternoon to prepare for a trip to Columbia,
S. C., where he has a son
that is ill at the sanitarium.
88V?fc
8U PONT PARTY
INSPECTS LAND
River Holdincjs
is Made on the
Yacht Bolo
BIG AGRICULTURAL
PROJECT PLANNED
G,0 00 Acres of Rice Lands to
Be Reclaimed?Soil Is
Very Fertile.
! Charleston, S. C., Nov. 13.?Departing
yesterday afternoon on the
yacht Bolo for their holdings on the
Combahee river. Felix DuPont, of
Wilmington, Del; D. C. Hcyward, of
! Columbia; U. G. Rhett, of Charles|
ton, and sever.:! other directors of
the Combahee Corporation, will there
hold a meeting of the managing
board tonight or tomorrow. Mr.
DuPont, accompanied by several associates,
arrived in Charleston by
rail from Washington, and was in
conference with Messrs. Rhett and
I Hey ward before going aboard his
| yacht, the Bolo.
The Combahee Corporation is engaged
in expeiimenting with the re
oovcrey of abardonod rice fields, hav
. ing acquired three plantations agi
Qpptrafinp* noMt'lv 000 n<*r?*Q on the
* " ' " " *
! Combahce river. The plan is to raise
j the dikes to a level above that reach
j 0(1 by spring fides, to construct a
system of drainage ditches which
will lower the water level sufficiently
to permit of cultivating the land*
and to install a pumping plant to remove
the water thus collected. On a
trial plot of 40 acres, experiments
have been going on for some months
supervised by government experts,
and the results obtained have been
remarkable, more than 70 varieties
of vegetables having been experimented
with. Contracts for repair
ing and raising the dikes surrounding
the entire holdings of the company
have been let to the SimonsMayrant
Co., and another firm hasbeen
contracted with for supplying
pumping machinery. The cost
of the project will amount to a large
sum.
o?
Old Age and Death
Start ft I ivfir
I Your liver is the Sanitary Department
ot your body. When it ftoas
wrong your whole system become*
poisoned and your vitality is weakeaed.
The best remedy is
Dr. Thacher's Liver <
and Blood Syrup
A purely vegetable compound, laxative
and tonic in effect. It cleans out your
body, and puts energy into your mind and
muscles. We recommend this remedy because
we know from ninny years' experience
that it is effective.
Keep a bottle in your home. 60c and $1
at your dealer's. fl
THACHCR MEDICINE CO., I
CHATTANOOGA, TENN.
MnBODMHnnJ
O
VV. O. Bowden was shot and stablied
fatally near Columbus, Ga., lateThursday
after he had shot to death
his bride of three months. The altercation
which resulted in the
double tragedy took place at the
home of S. J. Cox, stepfather of
Mrs. Bowden, and according to coun
ty officers who made an investigation
of the affair, Cox and Charles
Hill, a brother of the dead woman,
fought with Bowden after he had kill
ed his wife. The sheriff said he had
made no arrests in the case. But
tvould await the verdict of the coroner's
inquest.
MUSTANG
I || For Sprains JLameness, ||
dores, t^uts, Rheumatism I!
Penetrates and Heals. N
Stops Pain At Once |j
For Man and Beast II
25c. 50c. $1. At All Dealers. |[
LINIMENT