From War to Peace a Plea for the Definite Policy of Reconstruction

Cover From War to Peace a Plea for the Definite Policy of Reconstruction
From War to Peace a Plea for the Definite Policy of Reconstruction
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The banks serve the farmers in many localities as well as they can; but the farmers need personal credit on their notes for periods longer than are con- sistent with sound banking; and in some parts of the country the farmers contribute no insignifi- cant a portion of the mass of business which must be cared for by the banks; but their wants are not catered to, nor adequately met. Where agri- culture is the chief business of any country, and where the farmers are generally well-to-do, as for in...stance, in Iowa, Illinois, southern Wisconsin, and similar localities, the farmers occupy an ad- vantageous position with regard to credit, and in some places practically dominate the local banks, sitting as members of their boards of directors, and demanding with success that the bank furnish the credit needed, which they do, by renewals and other deviations from standard banking methods.
106 BANKS' RELATION TO PERSONAL CREDIT As a matter of fact, though, farmers fail of recognition in proportion to their need of credit, though not in proportion to their financial respon- sibility, just in proportion as they lack the ability to impress themselves upon the financial forces in their communities.


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