FARMERS TO THE FRONT 101 



would take more when this system is in force than 

 will be offered. 



Third, the society provides for those farmers who 

 will hold their grain and other produce a rising mar- 

 ket each month. This may be one-fourth or one-half, 

 or one cent per bushel or hundredweight, depending 

 on the commodity, kind of crop and the market. The 

 advance will be sufficient to offset shrinkage, interest, 

 etc. If there is a tendency to market too freely this 

 monthly advance can be increased to make it profita- 

 ble to hold. It is reasonable to believe that farmers 

 will hold on to their crops if there is a certainty of 

 making money by doing it. This monthly advance 

 should be adjusted to a nicety, so it will not allow 

 loss nor make a profit, but the inducement will be to 

 maintain prices, which will result when twelve 

 months' requirements are filled, by marketing one- 

 twelfth of the annual crop each month. 



Fourth, grain in a granary or elevator, produce in 

 a storage house or property anywhere in evidence, 

 establishes credit. If cash is wanted for pressing 

 needs it can easily be raised on warehouse receipts, 

 or on personal notes, at any financial institution. 



Let me say right here that the American Society 

 of Equity does not propose to loan money to its 

 members unless it engages in the banking business 

 later. Also we want to effectually explode the theory 

 of maintaining profitable prices for farm products 

 by the use of money. No individual, society, corpo- 

 ration, nor Russian government, nor United States 



