Isbn: 9780366373581 - our banking system does not meet needs of cattle breeding and dairy industries (classic reprint): speech of hon. louis t. mcfadden, of pennsylvania, ... saturday, february 21, 1920 (classic reprint) (1 Ergebnisse)

Paperback. Zustand: New. Print on Demand. This book delves into the intricacies of rural credit systems and their pivotal role in supporting agricultural development. Set against the backdrop of early 20th-century America, the author, a seasoned deposit banker, passionately argues for the establishment of a cooperative farm credit system based on personal security rather than land mortgages. Drawing inspiration from successful European models, particularly the CrÃÂ dit Agricole of France, the author proposes a system that utilizes bills of exchange to broaden the market for agricultural paper, reduce management expenses, and enhance the overall banking system. The book meticulously outlines the structure and function of this proposed system, encompassing a central bank, state-level branches, and local associations. It emphasizes the importance of cooperative principles in capitalizing the system and ensuring equitable access to credit for farmers. Addressing the limitations of deposit banking in meeting the long-term credit needs of agriculture, the author underscores the significance of aligning credit instruments with the production cycles of agricultural activities. Furthermore, the book explores the potential market for farm paper among wage earners, corporations, and life insurance companies, highlighting the stability and security of such investments. The author's insights into the cooperative approach to capital accumulation and the utilization of bills of exchange offer a compelling vision for a more efficient and responsive rural credit system. By advocating for a system tailored to the unique requirements of agriculture, this book underscores the critical link between access to credit and the prosperity of rural communities. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…