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Excerpt from Bank Credit and Agriculture: Under the National and Federal Reserve Banking Systems The object of this book is to outline the conditions of the bank credit situation in relation to American agriculture under the National and Federal Reserve banking systems. It seems necessary to set forth briefly in Part I some of the short-term credit needs of agriculture, without special regard to any particular banking system or institution, except for the purposes of explanation and illustration. Part II will consist of a brief history and analysis of the short-term agricultural credit conditions under the national banking system with special consideration of the legal and economic restrictions, and the seasonal movements of currency. Part III will take up an investigation of the Federal Reserve System in relation to short-term agricultural credit. Consideration will be given to the provisions for short-term agricultural credit, and the ways in which the system has functioned in relation to agriculture, and the livestock industry. It is not the purpose of this book to argue the case either for or against agriculture, but rather to analyze the needs for and conditions of short-term agricultural credit under the existing banking systems. This volume is a simplified and condensed presentation of the bank credit section of research investigations conducted by the author into the problems of agricultural finance. It is hoped that this book will meet a long-felt need for a thorough understanding of the relation between agriculture and the existing banking facilities. A large number of colleges and universities offer courses dealing with the problems of credit, banking and investments in relation to agriculture. These courses are variously named as "Rural credits," "Financing agriculture," and the like. This book covers the fundamentals and practices in financing agriculture in the United States and is intended to meet the urgent need of teachers and students of these problems. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.