1318 Xew York State Agricultural Society 



here for those who have all the bauking facilities and all the credit 

 they want. We are bringing it here so that you may help us 

 create machinery by which the men that do not have all the money 

 and all the credit they want but who do have property, can 

 standardize or liquidize that property, and use it for productive 

 purposes. That is what we are asking, we are not driving any- 

 body into it. 



Mr. Sciiriver: I can tell Mr. Dillon the reason whv it would 

 not be prudert or safe for banks to take farm mortgages. Within 

 five miles of where we are sittin2; and standing, in a community 

 of farms where thirtv vears aao vou could not buy a farm for 

 less than tvrenty to thirty thousand dollars, they are now selling 

 them for four and five thousand dollars and ciad to sell them at 

 that. It is that depreciation of farm values which you cannot 

 guarantee a bank against, that would make it absolutely impru- 

 dent for a bank to take that kind of security. 



On motion the rcsolutidu was adopted. 



]\1r. Palen : Resolved, That the Xev/ York State Agricultural 

 Society hereby extends its thanks co all who have contributed to 

 the excellent program of this meeting, and particularly to Mr. 

 llarvie Jordan, of Atlanta, Georgia, and Professor E. W. Kem- 

 merer, of Princeton University, whose valualde contributions to 

 our program added so much of interest and information to our de- 

 liberations. 



On motion the resolution was adopted. 



]\rR. Palex : llesolved. That the New York State Agricultural 

 Society hereby expresses its sincere thanks to the press for its 

 excellent reports of the proceedings of the society during this 

 meeting. 



On motion the resolution was adopted. 



Mr. Palen : Resolved, That the New York State Agricultural 

 Society hereby expresses its thanks to the State Department of 

 Education and to the Superintendent of Public Buildings, for 



