The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-03-11

or less Per cent when the rate cf interest 81
Eat ~ 20 ave Per cent re4Els one hlt- q ne
Gdli when th1 rate 81 put up 90 ok per cent
nearly tvo-thirLs of the total volume OF trade -
for tte Of money Be- ul1re shan the prof O. uf
uJlsiuess- Now the same rule holds here all
though Gus merchants arc NOT fully aware OF iL
In our case tsr lose OF business due Co the iH-
Gergsl lTc have fD pay for the use ot money san
only De EnoWa when tli1 rates for money have
been put down 90 cost. then tie enormous exc
nlussul % aI hraulhCs OF trade VIII show Icupl1
what ig cost the industrial development oi f17
country Co De- ouli-cd aE We are MOI" 90 DAY over
TWENTY-FIVE hundred million collars year ln orr
der that we can borrow money enough 90 cara
our bread and butter.
a great deal better than private banks lfor all
our banks are privatc'. ana 20 plIlc7 .2,--a 'e-
could be- had 40 any tiu1r, aud no occ15ioE r7uia
occur FOR boarding which ls ore ui -1r El"aa
10 connection with LEls system tlll SUB -l'. 3
ha established 90 rcp-lca E1vu1-pH-l-- tsial--
Nslll1eutS- loF risht there IS n 7alFlc OF misery
which would require bis volumes To sea-iit7-s.
ANA tnis grave trouble ls O. robbery % hose
who can least afford &C.
These sub banks could lend money at cost up
on any security which pu=Ecsscs a UaIlEel
value. The largest hanks lu 1uathrru EHruu1
were originally Ur-luizsd 10 creiu-.Vgfv l1 tlis
class Of uJsiuU-s- and more or less under gov.
f5r57tf.r rlI-.r -.-.r I-- ,7-- .s-s.l- tIlf 1r.l
since attended tlH.r efforts There ore plenty
OF government Ir-rgUfcuts f0r the rsllC'-al-
meut OF places % lcul money 20 the uoyg 30
Tho-e banks in farming districts couII loan TO
farmers on proper security and thus enable
them 60 toe over bal seasons oT ru1Ec urCsa-
accommodation. afforded tle EarmuHs at rn=f-
would end the requests they have lately made
OF the government. and iu cuuuceiiuu with such
houses, or warehouses under "a governments
agents supervision where surahusse receipts
could be given and used us bank collateral.
would uCrmit bank loans iu accordance wish LH8
principles ul perfectly sound banking
aTH-I r..rHr aHH. H.aH.H #..H.
Joined 90 -the treasury or tho United Sutrss
either way ala lrs advantages would De rgillClt.
No capital is necessary for such banking sys-
tenn business "o-la ot conducted on % mutual
plan, somewhat after flv manner of LEn I- il-
-urince euupllle7 ana iLe savings banks Ana
resources or Lnc proposed banks belong io ms
Grpusiturs oF creditors. and an the Incidental
expenses in tne conduct OF uhaiFs are provided
for I'm the charge Tor The use gf the money Tho
resources OF tho United States Money ls nos
needed TO express such capitals credit is aiI sui-
ncient
savings banks aud Insurance companies ua5-r
this new plan would partly ne required Go LuvC ie
their funds iu the iuiust tries OF tha country uT
iu tho development OF real estate. CtC.9 bl q
there are many tagts 60 show tlslr iu ihur was
they would make moro money than they do uu's-
1T now remains Tor -Ae people ~ say "Ittn~r
they prefer 10 keep mp tho present system ug
paying mUuey- Lenders over s--2llud1-JJi year
Tor precisely the sAnne necoH1no1atpu tult Efu
be obtained az cost And it is not apparent why
money lenders cannot earn moro money ny iu-
vestiug fin the industries ol the country. and
taking tine ordinary risks OF bu=iur=7 I'sr auy
merchant or manufacture, ilsln under tH0 sys-
tem of striving 90 take the cream of oth 70
peoples labor only and assume no risk vh45
. doing IT,
THi- plan goes perfectly with another. vuIcl
was published uy Lhc same gentleman several
year. ago u rhT columns OF tha NJ g. Fiuauciyr
as a solution of the currency problem This
. was Issue paper ourrUuCy which Us c1uVyrri-
Die into bond with "a GugtuafiEE rate Hf inter
c=fs such interest 90 L-a regulated from limo
time ny announcement Co shat CErCt ry tho
Treasurer OF tho United States il ORDER t1 l-ucu
. such convertible bonds at par under lry aud lli
. CIFcuulsrlUlGE-
This currency pian would save our govern,
uguf over E3lI. COO 0ll year UE enabling. II 20
. sell out its gold and silver coins. EuI waiutHia
. SOS currency 40 par iu lI tua exchange of lha
I world without tHrir uso- Tho interest tlrs1
. bonds would pay would nC the equivalent uf tho
. condition OF Iho public CrriiL OF tns EuIleu
. States If that credit is perfect. Hu interest
. would Doe necessary DO lur--fuasd. o. rate 90 iu-
. trrg-i would have Co bee paid 1ast sumriruf 20
offset &C.
Iut either gf these plans are compile tT without
tho other yst m both were adopted. tlr United
States would experience O. psrfsi uf pru-Ia.rI rg
. which would a-fuUi.h the entire wurlI.-E. g.
Special tu Philadelphia Evening Item