The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1872-05-17

so rapidly, and expenses so slight.
that it outrivals all competition
within the limits of its Financial
sphere. Its strictly business. No
accountant or fnancier questions
the figures. Experience, the best of
all guides, has for years, in many
places, confirmed their correctness.
Who has direct use for the Loan
Association First, every person
who may wish to borrow money on
long time, pa yable in small weekly
insfallmcnts, at TO 10 per cent. in
terest per annum. Next, the man
who may wish TO deposit small
sum each week, and receive there
for interest at the rate of Is to Is
per cent per annum, and probably
do still better if he chooses, by sell
ling his shares for considerable
more than he paid for them. If
there arc not from one 10 two hun
dred such people in Lyon county,
male and female, of all ages and
conditions, this is Utopia, and needs
nothing to improve 1t. The rich
man, OF course, can give the enter
prise the cold shoulder if he chooses,
because he has quite enough of this
worlds goods. But even he can be
greatly benefited by it, directly and
indirectly, and it is positive neces-
sity to guard against monopoly, by
the prohibitions contained in article
3 of the Constitution.
The man who has no real estate
can get real estate and pay for it by
the help obtained from this Associa-
ton. The man who is paying rent
can get rid of that expense. The
man who is receiving rent can invest
his rent here SO as to build and do
still better. The business man VIII o
can make 90 per cent. on capital can
get it at or 10. The speculator
who wishes to invest in tax titles,
can offer sixty per cent. premium
for his loan, and benefit both him
self and the Association. Those who
who have use for savings bank that
receives q % cent deposit, find it
in the Association. The moral in
fluences are good in every respect.
The material influences are as wide
spread and permanent. Industry,
thrift, enterprise, are not only given
encouragement, but aid and oppor-
tunities which will be very gener-
ally improved. The indirect are
greater than the direct benefits.
The city builds up steadily. The
population is less migratory. Me-
chanics are more in demand. Man
ufacturing industries thrive better.
More money stays at home. A fra
ternal spirit is fostered, and devel-
oped into something like that which
the Creator intended. A mutual in
terest is created, or rather its exist
ence revealed. Men discover that
they can benefit themselves without
injuring somebody else. Some
need such a revelation. Upon the
broad and substantial basis of q
general prosperity each individual
feels secure, and sees that he can
progress steadily if not rapidly
towards securing the comforts of
life. That community in which no
person isVery rich and no person
very poor, is in the best condition,
and will enjoy the most assured
prosperity. And believing that no
means in use are so potent toward
cffecting this result as Associations
of the kind here set forth, and that
Emporia should not be behind other
cities cast or west in organizing and
carrying them on, the charter men,
bers of this one-respectfully submit
its merits to the candid considera-
ton of their fellow-citizens. They
stake stock" in it themselves, ready
to resign their Offices when the or
ganization is fully at work, and
simply ask that all will act in one
way or the other in the matter.
The books are now ready for sub
scriptiOns TO STOCK, ana applications
may be made to any of the above
named members. All are cordially
invited in the enterprise.