The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-12-29

ITlv0r was ceOeO 10 the " usteu ototcl
then followed the Gadsden purchsi
in 1853, and Arizona was made sci
larate territory in 1868.
For the CouKIER.
Home Loan Associations, VI
Hard Times and Banking As
sOciatiOns
Any person who has given though
and closely studied the present finan
cial crisis, must admit that it wa
forced on the people by the money
powers, and 10 purely artificial. 1t i
not OF natural consequence. The
common people Of either politics
party are not responsible for the pres
ent stringency Of our circulating me
Idium. The monied power aud the
banks belonging TO men OF all parties
are solely responsible. Amidst plenty
lot everything that is produced. with
more money In the bank vaults than
when money circulated freely. this
the greatest country on earth, lies q.
nancially PROSTATE. with it's business
Home banks, following tho
dictates Of the greater banks. ceased
loaning money, and raised the cry oi
hard times!" Timid depositors take
the alarm. withdraw their deposits,
and the panic 10 established. Home
Building and Loan Associations alone
come to the relief. Hard times aud
psnics do not affect them. They
steadily apply their surplus. at the one
interest only. and that surplus Is gov.
erned by the amount Of patronage
they receive in the number OF home
shareholders. Exsmise the records of
your home loan institutions, and there
you will find the true frieGds o. home,
the friends Of the poorer classes.
These home institutions were orig
inalIy established by law. as benev.
olent corporations, to aid the common
classes. They are now shamefully di.
verted from this purpose In large
cities, ~here they are tnrned into
worse than Bsnks, and promising ex.
h0rbitant dividends are extending
their octopus arms over the entire
State. Woe to the poor wretch who
is entangled in their meshes. and is
forced TO borrow money from their
Golfers. They are the ones who will
have TO pay the large dividends, and
high.priced travelling soliciting sgeE ts,
and prin ely salsried officers with 81
multitude OF minor paid gu p.oflicers
II would surprise some Of our citizens
TO examine the records Of The sub or
branch offices OF these city concerns,
Ind find out those OF our home people
who have become shareholders oil
these concerns, for the purpose Of es-
;aping taxation. perhaps, or OF resping
! greater benefit from their invest
nent, or for the purpose Of building
Ip distant cities. and you fin3 them
not your friends, neither true friendsI
,f YOUR own hamlet or town, but me q
with a view In the near future, per
laps. Of shaking the dust off their
adopted home, and HE.
ng themselves away TO that distsntl
,itv.
You are asked to take an interest IN
'0ur public schools. Column after
column Of reading matter on scho IL.
eading circles. etc. appear, but In ali
u our cOmM0n schools nothing con.
crning our financial methods is
aught, whereby the rising generation
night learn 10 better protect them.
elves than the present one has done
gainst panics. Il is just ~ essential
Or the welfare OF our common people
0 know that h ONE loan associations
re az necessary ~ home insurance.
God helps those who help them
elves Organize and encourage
ONE loan associations and plenty OF
hem. and artificial psnics will not A.
sct you. Bsnks will 20 begging and
7ill only be necessary for the richer
lasses and large manufacturing con-
erns Closely study the question OF
ono loan institutions, as you do
ther questions teach II to vour chill
rem and protect them. T.st these
1ings practically and you will soon
olive q large part OF the financial prob
ms OF our country, build up your
ONES and your towns. and sssist
our needy ighbors. Also sec that
ood a1d true men are elected TO the
'gislature, who will enact laws gov.
ming these home loan associations,
D as TO prohibit snv Of them from do.
" any business outside the the coun-
, In which 1t is organized. thereby
them strIctly 10 home in.
,rests, and keeping them from be.
Dming oppressors Of the people they
ere intended to benefit.
PRo Bono PUBLIco.
vansville Courier, 22d.