August. 1922 



SCIENTIFIC ACJRICULTL'KK 



399 



of borrowed capital is sure to be disastrous. 

 Have these facts been placed squarely be- 

 fore the farmers by those who are en- 

 couraging them to use borrowed capital or 

 credit? I am convinced that they have not. 



Upon these principles, then, should the 

 farmers decide whether to use credit or not; 

 and the same principles apply to the inter- 

 mediate or long-term credit as we have out- 

 lined here for short-term credit. 



W. T. JACKMAN (left) and A. B. MACALLUM, whose lectures at the 



recent C. S. T. A. Convention are published in abstract form 



in this issue. 



