The state republican. (Jefferson City, Mo.) 1871-1896, 1896-05-07

ness, which as n rule is equivalent {
a prohibition. The tendency is for othc
states to adopt the same policy. so tina
in time, it is probable that little bust
ness will be attempted outside of til,
state that charters this class of ~associa
lions.
Locals and nationals contrasted
In making some comPariseh. het:---
the two SO called classes of associations
7 ssuma -.---,'Vy Oh being censure6
bJS'the locals for being too liberal tc
the nationals and / run the risk O.
receiving the reverse of thanks from
the nationals because | am not en-.
tirely complimentary to them.
The locals" have the advantage in
that 1t is possible for each member to
inform himself of the condition of
affairs at any time, exercising, if he
chooses, his influence in shaping poli.
cies, correcting errors and selecting
officers. 1t costs nothing to place stock
as every member is, or ought to be. n
missionary for the society, this, besides
other reasons enables a local to do bust
ness on a very much less per cent. of
expenses If properly managed.
The nationals have an ADVANTAGE
except in large cities, because in many
OF the smaller cities the volume of
business is limited by narrow environ.
ments and in many of the smaller cities
and in all of the villages, it is not pos
sible to successfully promote a local as.
ISOLATION, so that the nationals cater
to conditions that cannot be met by the
locals" and they are important
mediums of exchange, meeting the re.
quirements of investors wherever there
is a person who wants to accumulate
by small savings put out at interest.
and they meet the wants of borrowers
whether they live in hamlets, or cities
of the first class down to the lowest
class.
Money deposited in local banks finds
Its way to the trade centers until the
repositories are running over, while
the lack of funds may be pronounced.
speaking generally, the nationals
like the wind gather from a large area,
and quickly fills temporary vacuums.
Supervision
Experience has demonstrated that
more corrections have been made IN
The locals than in the nationals, "
but it is also true that the objection.
IDLE features that have been developed
by the nationals, apply more gener.
ally and are harder to treat success.
The locals could get along with
nut supervision if all the .'boards of
management were competent and
'igilant, a very significant "if," but
cry reasonable expectancy.
The nationals" in my Opinion
vonld not have existed many more
ears without supervision because of
few irresponsible and unscrupulous
nationals" that came very near {
the business into such disre- u
ute That the people would have lost !
onfidence in all, in their inability to |
roperly discriminate between the c
neritorious and the unworthy. 6
Supervision has come to stay. The 6
IAN who does not recognize its bene. :
Is is either uniformed or reckless of b
ne rights of the wage earners and peo v
lie OF small means in all walks of life. !
Conclusion :.
While | am free TO say that 1 do not b
elieve that many if any more INA 7
onals' in this state can be success n
lily promoted, for a time at least, l g.
believe that most, If not all, of these h
the field now can be made to serve n /"
purpose. While the nationals" g,
ere harder to reach l know that all of g,
10 better class are reforming their :,
ethods, reducing the ratio of expense. =,
ithdrawing unwarranted and unrea. =
nable promises, conforming to the :,
W and respectfully considering the .,
questions of the bureau of supervi. a,
on. =,
1t ought not to be long, it will not =,
, when every association in Missouri. a.;
neither local" or national will be .,
titled to and will command the res. ~
ct and confidence of the public. N
This is the mission of supervision
nestly and faithfully administered. l.,
Ourfew Bells. "a
ON the Macon Times. W,
Col. Alex. Hogeland, of Lincoln, m
3D., president of the National Boys Al
d Girls Home Association, was in tn
lnsaa Citu raoantlr 81 -.