98 HOW THE CLUBS BECAME GRANGES. 



club must as a whole meet their responsibility, and look to its mem 

 bers for their proportion in case of loss. This will necessitate the 

 incorporation of the clubs as the first step. 



The State Board of Directors will decide the relative responsibil 

 ity of each club, based on the amount of property each represents. 

 To make these credits available, the members of each club will be 

 responsible to the club, and the club to the Board of Directors. 

 The Board, which ought to consist of the prominent and most 

 responsible members of all the clubs, would be responsible to the 

 agency, and thus give it the necessary credit. There is no doubt 

 about the wealth of the agricultural interest, but to make it available 

 to transact their business as they wish, it must be thrown into such 

 legal and business form as will make it a security at once certain 

 and convertible. 



To reap the advantages of a farmers bank the farmers must own 

 it. To do this, it will be necessary for each farmer to set aside in a 

 good year (such as this promises to be), a certain sum for the form 

 ation of the bank, and for which he would receive stock in the bank, 

 and thus participate in the profits to the amount of his stock; and, 

 as banks never pay less than one per cent, a, month to their share 

 holders, and often more, this would be a good investment for the 

 farmer. This bank would be under a separate agency. Each club 

 would be largely interested in the welfare of this bank, and as each 

 club would be well acquainted with the standing of each of its mem 

 bers, it would be necessary, before any member could get money, to 

 make application to the club, and obtain a written recommendation 

 from it. Thus the club guarantees each of its members to the bank, 

 and in case of loss the club will have to pay and collect of its mem 

 bers whatever they fail to recover of the delinquent. This, of course, 

 is for money obtained as advances. This bank would do a regular 

 banking business, charging the regular rates of interest, but giving 

 the farmer the same rates as business men in the city, and the pref 

 erence. 



A very important subject in this connection is the warehousing, or 

 storing the wheat, in order that the rush of the sales may he dis 

 tributed over a longer time, and thus holding the power over the 

 shipping, which cannot afford to wait, and giving the agency a bet 

 ter chance to obtain better charter parties. 



-sfc, 



The Committee on Communications also reported, presenting 

 the following memorials and petitions : 



To the Honorable Kepresentatives elect, and Senators of the Pa 

 cific States: 



&quot;We, your constituents, farmers and laborers and others, carrying 

 the industries and development of the States of the sunset slope, 

 would most respectfully crave your attention to our wants; and 

 through you, ask of Congress relief of a grievous burden an un 

 called-for tax upon our industries. 



The farming interests of the States of California and Oregon are 

 carried forward with great difficulties, when compared with the 

 same interest East. 



