As an example on the credit side of her governing is the very complete and successful system of land-banks, introduced by Frederick the Great and since modelled somewhat upon the French methods, which have protected the farmer from usury, insured him money at low rates for improvements, for the purchase of tools, cattle, and fertilizers, and enabled him to do, by sensible co-operation, what would have been impossible for him as an individual. So successful has been this co-operation between the banks and the united farming communities that it were well worth a chapter of description were it not that, through the initiative of President Taft and the able and industrious assistance of our officials in Europe, among whom our ambassador in Paris, Mr. Herrick, may be mentioned as untiring, there will shortly appear a complete exposition and explanation of the scheme, available for those of my countrymen interested in the matter. Or if they will journey to Ireland they may see there what Sir Horace Plunkett has done to revolutionize, and against tremendous odds, agriculture. And, be it noted, it has been done, with emphatic warnings against the modern fallacy of leaning upon state aid. It is estimated that our farmers would be saved between $20,000,000 and $40,000,000 a year in interest alone were we to adopt similar methods of loaning to the land-owners. The Preussische Centralgenossenschaftskasse, or Central Bank of Co-operative Associations, has revolutionized, one may here use the word without exaggeration, agricultural methods, throughout Prussia and Germany. In Kansas, Missouri, and Iowa there are 5,000,000 acres of land in wheat, which is practically the size of Germany's wheat acreage, but Germany produces 140,000,000 bushels of wheat off her parcel of land; while the wheat raised on the same area in these three States is only 55,000,000 bushels. France and Minnesota each plant 16,000,000 acres in wheat, but France produces 324,000,000 bushels and Minnesota 188,000,000 bushels. In round numbers we support 90,000,000 people on 3,000,000 square miles of land, and we could support 150 per square mile just as easily as 30, and even then there would be not even a fraction of the density of population of Denmark, 178; the Netherlands, 470; France, 189; Saxony, 830; England and Wales, 405.6. The average wheat yield of our country is about 14 bushels per acre in good years, it might just as well be 25; the average cotton yield is about four-tenths of a bale per acre, and four times that amount could be raised as easily.