The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-07-31

lure. THE HERALD has no sound |
reason TO oppose against tho coning of |
competitor, but IL has the privilege |
OF using energy, zesl and good sense |
10 un0o rivalry. With its present
strong mold on the public it VIII be |
nara 10 down. Cleburne Telegram.
A DEMOCRATIC GOVERNMENT.
E4lJ requires caution ana some time
IN changing the machinery OF this
great government. The President can't
AFFORD TO act TOO hasty. lie can't afford
10 notice the wailings Of disappointed
party zeal. The action CT the Presi-
dent must be guarded by reason and
good Judgment and not crampsd by
the narrowDess Of few politicians
VINO belieVe that the control of office
should be put IN their keeping. It is
right that Democratic president
should appoint Democrats TO Office.
Yet u Is equally important that the
President snOuld know aud mako
some distinction berW cen man who
Is democrat from principle aud one
who Is Democrat for "revsnue Only,n
and would be anything else for frev0-
nue. only" What this administration
needs to dOls TO appoint men Of true
democracy 10 positions Of trust aud
honor and when the Offices are filed
with such men VIC viii have a good
honest administration of Democratic
government that Repubijcsnism can't
defeat Pittsburg Gazette.
OUR BANKING INSTITUTIONS,
whilst the New York money lender
would gladly got tho 70, IL or Is per
cent. the borrower has to pay here, he
is unwilling TO run the risk Of adirect
laan. But he can loan it TO perfectly
solvent banks in Texas ate per cent.
and moro than double his income il
put out in New York, and, the banker,
who 10 fully advised rs to tho condi.
tion OF his patrons, can loan it to them
az double the amount or more and
make a large surplus interest besides.
Whether or not this Is done, we
leave to those who are in tho
habit of dealing with banks on qUos-
lions OF accommodations, 1t Is no UNI
common thing Tor the bank itself TO
| say that it is not loaniug or discount
ing, but that MIR. Smith or Mr.. Jones,
one of their directors, has some BUR-
| plus money which he would loan.
In nine cases out of ten this Is north
ern capital, whichis borrowed AT per
cent. from the. directors northern
friend and loaned Mt u TO directors
| borrower, who gives either an iron
clad deed OF trust or collateral
security Tor three times the
amounJ Of the debt. Just
why this state OF affairs should
prevail, it is difficult to say. The se-
curity IN q country where values are
constantly on the increase should be
| held in higher repute than mere mer-
camille paper subject TO contingencies
| innumerable, and unless the eyes OF
these Northern money holders arc pur-
! posely closed by these middlOm5n it
| would DO very difficult TO see why dl-
| rect loans could not DO made here on
| very near tho terms that could be OF
fected by Jhe New York borrower.
There is no doubt OF the existence of
| this class of middlemen, nor is
there any doubt that our people
are the parties that pay the piper. In
new countries, money is constantly in
| demand Tor It's development, and the
money loaned adds 10 its own security
as loan in its application 10 the pur-
| pose for which 1t was loaned. In Dali
les we have but two or three agencies
| for the loan OF foreign capital, but il
I iAlblb Nblb tdkdbAlcLACN anu llAD EdAtAD
competition aroused that is usual in
other commercial matters, the trading
and agricultural people here could
soon get money AZ ratio that would
not distress them II is the business
Of merchant exchanges and farming
clubs TO herald forth these facts
and let the capitalist know
how amply secure his money
would DO if invested here as we'll rs
the increase Of tho interest thereon.
AS it is now, it is only those who are
Interested in not giving such intorma,
ton that hold intercourse with North
err and Eastern capitalists. The press
is Glwsvs ready 10 assist. II is plain
that very few enterprises can stand u
per cent. interest on the money with
which they operate. 10 Us also truD
| that Northern money ls loaned hero
all the time and the borrower, who OF
right should have it et the least inter
ost through the agency Of middlemen,
gets iG at iour times the rate the lender
could got 40 homo. There must be
some r0medy tor this and the Demo
Graf believes that the remedy would
be found IN more Light Dallas Dem
O2raJ,