Rural Credit and Multiple Insurance: Hearings Before the Subcommittee of the Committee on Banking and Currency of the House of Representatives on H. ... 11, 15, 16, and 18, 1921 (Classic Reprint) - Softcover

R. C. Milliken

Softcover

ISBN 10: 0366969919 ISBN 13: 9780366969913

Publisher: Forgotten Books, 2018

Synopsis

Excerpt from Rural Credit and Multiple Insurance: Hearings Before the Subcommittee of the Committee on Banking and Currency of the House of Representatives on H. R. 7879, August 11, 15, 16, and 18, 1921

It has been well said that the country can do without the city, but the city can not do without the country. The prosperity of the country is dependent: upon the prosperity of the farmer. We must heed to the fact that the tendency for the youth of the country is to leave the farm for the city. The census figures shows that now the larger percentage of the population of the United States is in the cities and towns of the country. Many have left the farm because of the easier life of the city; many have left because they could obtain success with a less expenditure of physical effort. One of the great contributing causes to unsuccessful effort upon the farm is the failure of many to have at hand working capital. A young man could become a merchant in the village and secure credit from the village bank, but no machinery has been provided by which he could secure working capital for running the farm.

The enactment of the Federal farm loan law has been a great step in advance, but it does not go far enough. In most instances that affords a means of securing the farm, but it does not give him anything to work with.

We seek light upon this important proposition and will be pleased to listen to all who can aid in the solution of the problem.

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Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0366969919
• ISBN 13: 9780366969913
• Binding: Paperback
• Number of pages: 70