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"I can remember way back, when times were tough, the banker would show up and talk to Dad out in the field. That scared me, at that time, because we heard about people, you know, couldn't farm and had to move. Quit farming. That always scared me a little bit. There was a bank in Benedict at that time, and he would come out once in a while to visit Dad.
   "Anyway, the first time I came in [to the bank to ask for a loan], this was here right here in this building [the Cornerstone Bank in York, Nebraska]. And I don't know if my dad went with me or not, but I don't think so. But just to lay out, you know talk about us wanting to farm and needing some loans… They probably knew me. You know, knew my dad and so forth. That's why we got started."
   Question: "Do you remember how much you borrowed that first time?"
   "I think it was around $10,000. That was a lot of money… I bought some land and fed cattle. You know what that is? You can lose money. You can make money. When you lose money, you need the banker more than ever… Of course, the bank was very important in your business. You relied on the bank to help you, loan money to you to buy things…
   "[Now] you put down what you want to do. I mean, your costs of different fertilizer, seed and so forth, irrigation. You go through that every year with the bank in those days and try to see what the bottom line is going to look like at the end of the year. So, they play an important role for most farmers."

Winton Wright – Rural Banking

   

Other Excerpts from Winton Wright’s Interview:

Rationing
Coming Home from the War
Blizzard of ’49
The Co-op Movement
Dams on the Missouri River
Veterinarians