[221] Idem.
[222] "Farmers' economic co-operation in the United States has developed enormously during the period under review [1896-1908], and it safe to say that at the present time more than half of the 6,100,000 farms are represented in economic co-operation; the fraction is much larger if it is based on the total number of medium and better sorts of farmers to which the co-operators mostly belong." The most prominent objects are: Insurance, creameries, cheese factories, co-operative selling organizations of numerous kinds, co-operative buying organizations, co-operative warehouses, co-operative telephones, co-operative irrigation, etc. Annual Report of the Secretary of Agriculture 1908, pp. 183, 184.
[223] Quoted from a letter from Mr. George K. Holmes, Statistician of the Department of Agriculture, Washington, D. C.
[224] For a statement of the more liberal privileges concerning the making continued: of loans on mortgage security conferred on national banks by the Federal Reserve Act see p. 750.—Editor.
[225] Adapted from Meyer Jacobstein, Farm Credit in a Northwestern State, American Economic Review, Vol. 3, September, 1913, pp. 598-605.
[226] J. F. Ebersole. Cattle Loan Banks, The Journal of Political Economy, Vol. 22. No. 6, June, 1914, pp. 577-580.