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This groundbreaking work by Herbert Myrick is a comprehensive guide to the development of rural credit systems in the United States. Drawing on his extensive experience as a farmer and journalist, Myrick argues that access to credit is essential for the prosperity of rural communities and makes the case for a systematic approach to rural credit that takes into account the unique needs of farmers and rural entrepreneurs. A must-read for anyone concerned with the future of rural America. 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 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. 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.
This book presents a true picture of rural Assam where people are logged down deep in indebtedness, rural poverty, illiteracy and ignorance. Where the money lenders are taking the heart of the credulous people. The practice is usually responsible for large scale alienation of mortgaged lands to the chain of moneylenders were so strong that they could even influence the local administration in their favour.
Excerpt from Rural Credits: Land and Cooperative The purpose of this book is to throw light upon the sub jcet of rural credits and to lay before the American people the customs and laws in operation in other countries, so as to prepare the way for more enlightened plans for improving land and agricultural credit facilities in the United States. It is my hope that the material here collected will be helpful in creating a credit system or systems adapted to the needs of the agricultural interests of this country. The subject of rural credits has occupied my attention, more or less, for a considerable number of years, and I have availed myself of the opportunities of my position as Amer ican Ambassador to France to familiarize myself with agri cultural conditions and credit systems and institutions in Europe. Furthermore, my twenty-eight years' connection with the Society for Savings in the City of Cleveland, as treasurer, chairman of the board, and president, has been of great value to me in the formation of ideas regarding financial questions, and especially with respect to cooperative credit. 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.