Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1873-07-09
CABIRAh AND LABOR-HOW TO
rooo sid RECONCILE THEM
( BY PROF. ). D. BUrIEH.e

4 When Falstaf sent his page TO Mas
/ ter Dnmbleton for ! satin c1oak and
offered his bond and BardoIphIs for
payment, the answer was fhat the
tailor liked not the seeurity.v The
Knight called DumbletoR rascaIIy
knaye to stand upon security, and
cried. Il would as lief they would put
ratsbane in my mouth as stop it with
security" He who goes a borrowing,
goes sorrowing. Not only ShyIocks,
bat most capitalists are deaf to bor-
rowers, because they, as well as Fall
stah's tailor, ''hke not the seeurity.n
Capitalists win not lend 3 poor man
money. They demand security. AS
ne cannot endorse, others will not en-
dorse for him. He has no lands. no
chattels, on which he can give a
mortgage. Where he Is sanguine
that he can double the money he
wishes to borrow, they say to him,
you may be robbed or cheated. or
your Investment may be burned m
and your Insurance worthless. or Won
may abscond, or your death NAV
blight the brightest prospectsi-"ye
like not your security It Is "eas-
tie in the air.n
Again, capitalists shun putting
their investments into the hands Of
any poor stranger. They are dfstrust.
ul'of his honesty where there is q
chancellor fraud of his competence.
where skill is demanded of his zeal.
where he has no interest at stake
and Of his vigilance, where there are
temptations to negligence. He might
carve out his fortune, but nc one will
trust him with the tools.
But must capital and labor needs
be hostile ? Is there no way in which
capitalists can be just to themselves,
and yet generous TO borrowers? Yes.
they can. qHQw-2 By land sales on
ten years credit, and six per cent.
interest. The borrower cannot be-
cheated ont of land. which is not
decided to him till he has finished
paying for 1t. He cannot run avsv
with it. No fire can burn it up. He
cannot lessen its value. The labor
and money he lays out on it will in
crease thai value. He cannot strip il
of lumber, more than be can puII hair
from a bald head. Nor in sucha loan
ls ms honesty, competence, zeal or
vigilance .distTusted. He Is stimula-
- ~ - - 81 SAcS VI 'tAFclu All OY lis
fear Of losing the sum he paid in ad-
vance, together with whatever he
lays out to improve his farm, and by
bis hope ofmakingit it pay for itself,
and support him and his. Other bor-
rowing dulls the edge Of thrift-this
sharpens Il. -i8 lNN
The Burlington & Missouri River
Railroad Co., within thirty-tbree
months onward from April, 1870, sold
in Iowa and Nebraska, AIS, 1888 acres,
to 4.525 purchasers, mostly on ten
years. credit, at six per cent. interest.
The purchases average one hundred
and eight acres apiece. r..r
Thus the 3, z NJ. road has furnish
ed 4,52o loans, amounting, in the ag-
to s., ,656, ,49S, to men, most
ofwhonn, would have been unable to
borrow from banks, or any other
source. Its long credit sales, have
given them tools to work with. So it
makes borrowers and lenders friend
" affor6ing lenders security, and
borrowers all the loans they can use,
and those such as will, in most cases,
pay for themselves. He who. gives
is chance to help ourselves is the
..sf. 80