The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-06-10
NO MONEY FOR HIM.
n PRACTICAL ILLUSTRATION FROM
CLAYTON COCyTr MAN
No Money for the Countrynian Unless He
Deals with HIS Local shyiock and
Pays Exh0rbitant Interest.

tiEguished citizen OF JonesborC. in an hon
est but nsu-cessful effort to serve u friend,
has made practical illustration which
will be read with considerable interest and
which viii be accepted as a valuable addi-
ton TO the currency discussion when EdS
been raging for the past few months. me
citizen referred 10 - one o. the NOS.
prominent men OF JOnesooro-a man IN
high official r. siticn ami vino possesses the
confidence AMI respect not only Oi every
holy in JOnesb0rc. but IN Clayton couhly-
Indeed. II w1s the confidence 'llo' '''s
people IN the country feel IA hihi 'h'0
was the cause % his having been chosen
"a the Instrument BY which very li'Si
esting illustration has LCeE made
Said There Mas Plenty al Money
i will 10 remembered that some weeks
us-O Il was announced that there was Peh-
~ Of money in Nev York and that l. was
heinz loaned out 10 southern bankers A.
s. Per cent interest ami that they IN TURN
were lolrfuz. il out a. The usual rate 81
Interest.
The Constitution had an interview WIN
the Atlanta bankers o. the subject am
enc stated that this was not an ll+.l %
news. il was quite Customary loI 80,
10 get money at ~ per cent IN New horN'
ar gyan AZ : les rate OF interest. Il WAS
also stated in some Of the interviews lndl
thc-e was plenty AZ money IN the b'iiAs
and t:iaJ there Was no trouble ABOUT me
CUSTOMERS Of bank getting all ne h"Hcs
they needed II WAS also sIascd ny S',iie
that there Was plen;y OF money ava ciT'C''-
tiol anal that the people could get what
was needed Tor legitimate purposes
Farmer Wanted Some.
4 weu-knovl farmer OF our county see
In this concluded thar he would MAKE an
effort To negotiate small lean tie mas
one IL .hs. finest farms IN the county and
Gle which would easily ss1 al S.o9 on
forced sale. he has been trsi ina 90 neSoti-
atc a lean 81 i Thousand dollars ior more
tlsan 4 var. but without success
The farm is tucus U'nbered and he was
ready % mortgage u Tor the loan, a. Ile
contemplated Improvements would more
IEan hat- repair I'm for the loan II, a few
years
sut the farr.er in question was not
BWare al thu details II such negotiations
aud he called upon tn distinguishes citl-
zen ct JoutS-ors .tuOv2 referred to-a hi.ui
who - weII-kuovE ami respected ga At
lsuta- and askeI hi.a Il n would take the
matter ua lor njm with the Atlanta banks
stating that be- saa There was plenty 81
money L. loan and that h. presumed ic
~ ala Rave IT, trouble in getting ~ VITA
MS farm property IS collster1i security.
lie asked tEal thc aforesaid uis.tnG ii,heu
citizen communicate with such banks In
Atlanta as he thought necessary setting
forth the proposition. ami this is The text
OF the letter which was written 90 one
VI the most pr0mirctst banks in Auan7d.
Dear SiT-Oue ~ the mos, representative
farmers Of Clayton county wishes 10 know
al what rate II interest he cam --rt- 7
ninety day loan OF Sl.ty1 from you
Not being familiar Wish the s.tuatI,..
the condition pf the money mar Ast, he cali
Al upon IRE with tine request that take
W the matter Tor him and eUdeaVcr 10
Negotiate the loan
In writing - ycu ia his behalf 1 beg
40 say that ne stands wei IN his communi-
" that M always pays ms cchts and
has the respect and confidence OF all his
utopC- Unfortunately be- has no collateral
her than his farm. which is splendid
-as-@--s--c~ty e. -ts'-t 80 r~r"s su@
.rCln which NJ SIN ulj produce enough on
: this wears crop to promptly meet the note
OF maturity
Iettfu- nle know 1t the loan can DE secured
from your bank and al what rate OF in
terest-
In a few DAYS the answer came expressing
regrets that the loan could not be made.
but since ths. citizen ~ Jcnesboro had COM
-uftt,el himself IN ms Friend ia the country
10 do the hest he could for him. he con-
cIu,fel 90 write AGAIN and 50 he iEdited the
slmy letter To- another prominent bank,
with the same result
Then Ee wrote .sf.sthci. and another. ana
another. uutu IN few DAYS ne mad writ
ten u every banking institution in Atlanta,
and beioN SiIl De touu1 tne exact verbatim
copies OF the letters received from Them.
the names rot heIn- given because the
correspondence was noJ intended FOR pub
lrIlau.
fhe hanks replied as follows:
Being ia process - change in our
business We are u0t Co condition To make
the loan you refer ca. Sorry We cannot
leIu your friend