Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1891-08-28
GOVERNMENT LOANS:


the State.
There can be no better or safer Sc
curity for government loan than the
. real property of the nation 1.-THE loan
is placed upon such property at one-l
half or one-third of its real value, it is
as secure as the government itself, and
the currency based upon such Loan is
rs good as a government bond or gold
and silver. 5 91a lli--
1.-THE main argument against such Q
policy is based upon its supposed i'm.
practicability. This has been answered
by stubborn IA IT'S. The state of Oregon
has now more than 81. 900, o00 of school
money loaned out upon the improved
farm property Of the state. The amount
Of the loan is fixed at one-third of the
fairly appraised value of the farm. The
entire management of the loan Is
confined to the, state q. school land
board, consisting of the govern
or secretary of state, l5 ard
state treasurer, and is without any cost
to the state other than that involved in
salaries paid to the members Of the
board for their entire official duties, :
amounting in all to Sc, 500 per annum-
The applicant pays for the examination
of the title to his land and its appraise-
ment by the attorney of the board for
the county in which the land is situat-
ed The machinery is perfect and
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aoic a''io'T ecn'l 'ou'o~ :" 'r Ss,N '.
a american neVlew W uUv. oylses'e'
remover Oh Oregon NC go'e!no.
Starts from q sound premise anu arrives
AZ iosi 0sl. CONCLUSION asat. onoel sys-
1em OF government loans oirec. 70 'ns
people the rate OF interest esta oi,sneo
oy the government upon sucn loan.
would at once become the legal curren'
rate OF interest the country over.
But while proceeding IN the rigns af
rectlon, and while his article shows tne