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Thursday, December 22, 2022

American Bankers' Association Reaches Out to Farmers, Dec. 22, 1922

All Back of the Farmer

The co-operative organization of the farmers is developing substantial friends among the financial agencies of the country, chief among which is the American Bankers’ Association. Mr. John B. Puelicher of Pittsburgh is president of that powerful organization, and speaking for the bankers of the country, he says they are going to “translate their interest in the affairs of the farmers into action.” And it is not advice the bankers will give, but money. Mr. Puelicher says the bankers “will not undertake to teach the farmer how to grow his crops, but will place at the farmer’s disposal the financial experience of the banker in helping the farmer to solve his marketing and other problems.” The New York Commercial thinks it is going to be a pretty big task to organize the agricultural interests of the country on a co-operative marking basis, but says it can not only be done, “but should be done.” This movement on part of the farmers has the united support of the commercial, financial and manufacturing organizations of the country, and this support would appear altogether sufficient to bring success.

From the Charlotte Observer as reprinted on the editorial page of The Commonwealth, Scotland Neck, N.C., Friday, Dec. 22, 1922. Clee Vaughan, publisher, and Norfleet S. Smith, editor.

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