The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-30

Non ttai these Ills are net imaginary, out
arr only too real. Mr. Dos Passes starts
after 4 remedy. He believes 1t Is TO be
found In increasing the Aanl Ing facilities.
giving to the afflicted sections greater
banking power. AS he describes 1t he wants
to cqualiro banking facilities throughout
the country.
This desire brought him 10 a study OF
the mciho,is Ia other countries. The keit
fsusen system, and the Saxon Land Credit
association which is an outgrowth OF that
system. have furnished him with his main
ideas. This system was described al length
tn receat issue of the Constitution. J hen
the Preach Credit Foucier which is very
much the same thing, furnished other de-
tails " Information, and the result ~ tho
Now Yorf1 lawyers study IS found IN the
American Loan and Mortgage company.
TAu capital stock ~ the proposed comna-
ny is placed az the enormous figure of
Sic3 900 200 and under the charter as drawn
The company Is TO be allowed to do husi-
nsss 81 $1,000 0o0Qoo.
The figures are staEgerers. They exceed
tho dreams Of the most enthusiastic finan-
cial promoters ~ the past. Visionary, 10
the ycrlic; Of the rivals. And yet, Is it al
together visionary?
THE COMPANY AND ITS PURPOSES.
In a nutshell Mr. Dos Passos SETS forth
his purposes IN this way:
The question Of discovering a remedy
FOR the condition Of affairs described has
.n ne SuoJve. -. so' ,ous ,uVusu' a. a..
tbe last vear me remedy VA. think. ~
ISIS in deventriisiuE loans upon real es
tate and In sCsg-cgatlue and distributing
lsNeg f., ios9s uno 5'-' raiiroaa prop.itg AID
Is oan be obtained by the establishment Of
q company in the nature q a loNa ana
..,9 80 y.,,' t,',s az ,0
,o-,'J 10 ,eu ,bc Liam md Wortngpe com
r.euq a. .ha t'uitcd states
calm, briefly irto tpt,ils concerning thjs
coupaa, M, sa.s.
vi, Is pr3,3s,.J 20 establish a oonpaov
ui,dcr enerlal charter rom tho gnysrr-
r,,,,t nj III. tf,i,.d etatas ,vith , corlt.i
M slo0 moo 400 di,,d.s min sb,rs. AZ <Io
..eh. IN omen books OF ,,lhacrh,'ion IN oyor
the Uulf.j su,t.s ana ~ iny,t,. t,ao,,,., pcn.
orally io s,1b.,rlt,. far mo shsr.s mn nu,.
t.sr.tr hs,5,t. a.. r!-ht ca r.,..i,., NOR.
t,an stmm ~ +h.. st,+u un..s. ,h,, ,gh,lo
stnopri A. nat tapau IN, ,,hi,b ,os. q, ,rill
be- a0ertie.l ID, rs...r,.,I .,,bsrrt,,,,s TIL
maxi. tb,. oo,n,,u, M. mi - ,b,, -
ni,, ana dives Il, i ,,e,. sta,nu a. nm
ui4rly which c,r- uot M, .,lt,csl IRON, +, -.
H.. rxr,,ts no uot much ~ tbis fro,, the
MONEY which H. ro,y r,yr,. ir,n' tb,. s,,irss
~,ti.s Ne NOM. "a i,N sn,..s. 20 49,,
j-tir9,,enr f,.,i,,,,f,rs a. h,a, ,,,,, ,f 80,
dlcron fbai ,bero vim h.. ,oot irt..r.st re-
t.irrs f,r tbo s.o,tb,,i3..~s
,.,.., -
Wv Ems AND OBS ~ 10
The powers and objects of The company
as set for:h I'm the literature which NJ
,,,,.
- go ',- are - 'O'''"s'
f. 10 inasc and facilitate first mortgage
loans on iuurovad rural urban and sth
,,+,, r..t .
N"i'S'e - producing
81 'lHn9uS ani stable income and 10 make
H''h 'oahS upon every species OF Indebted
~'sS on uhilsalun whose repayment is
secured or guaranteed by trsi lien or mort
gage upon real property, at a rate OF inter 4
esq not to exceed par cent which loan
FAh!i not exceed N any case ~ per cent OF
ihr acual cash value Of the said proper
tvs as determined by competent sworn
appraisers. whose movements Win he
guarded and regulated Icy such rules as will
rr... l.tt