The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-05

SEATTLE, FRIDAY. FEB. g.


IT, isFlsssterc hss under confederation
certain measures dsazEHe6 70 prevent con-
tracts from being made ia any specific
form or snon-s. ard ofhss measures De-
sGgae8 e. make It snsre sincalt for
creditor 70 e1slsst from IS debtor through
re machinery O. The courts.
sess a. present thsre 10 pleth9rs q
nbsney Il Esw rogas CRY, ard any re-
svonsg5le psrrsn ear. % good sse9rity.
hsrreu nsyaey a. a ra8s o iatsTest but
sittls hiFaer tbah tsa, paid CT TIE very
beaI ease - Fsdsfsl sAa stats bonds.
Hesa In WasalnztoH money can hardly
h~ boryowe6 On airy teruz, ane vhsn
Jeans are made the interest - many times
CREATE man that asked So New YORK
eitv. WAY this difference? Toe Calves
ton CTex) DAILY News. In a resent e8i-
rorial. points out a few s.smsntary rea-
sona way this condition Of affairs exists
which reasons can be read with pr0at by
fhe Washington legislators ShAs they
have these particular measures under
Consideration:
''Intsreat Is never 50 low" 81 aays. IN
communities given over % suspicious
fire.. Questionable assignments. frsadu-
Ieut failures. or to legislation with de-
cide6 turn against The creditor and IN
favor q the debtor" Mlch OF The charge
fof Interest Is insurance against the risk
O less which increases as tho risk ip-
ereaaes. asd decreases a. the rick de-
cgeaaea. A. he News puts e.
Where men are required BY law 20 pay
their debts and are not sheltered and en-
couraxea In tricky courses BY unreaEon-
sh.e exemption haas. and b. = public
prejudice against creditors as 3 class. the
Flsk IL naturally less serious"
II asks why the goodly majority o.
the people q TsxAS~ xho ARE not dis
posed 60 i've hlsh today snd hide behind
tie exemption law the assignment law
or some other hw tomorrow should -
forced - ths dis~rs1gt - bad laws and
feW dishonest men - pay two prices for
every 6o..ar they borrow i believes
IN rate y interest wou8 come down one
hail aaa TIE .o4naulo funds v-suld double
r. use honest men or the state would
demand the enactment o. laws under
whiga eTs5at9f eQald collect what u
due bin.
The hue3neas msn. manufacturer and
nllnin8 men % tine community. the men
who have given t7is state ns start on
the road. who have DEVELOPED its re-
soarees go TAR and who are anxioasly
Awaiting an opportan 30 d. further IN
the same direction. as well a. q retrieve
their losses ~ the .slst. can only hope 70
d. the sora 81 whlrs they ars willing 10
sBpe eli their enerEy. pash sne business
sssaeity ~ securing ths al Of capital
frcm outside 90 ,as state. Every particle
% leklslattoa whleh tends 20 keep lend-
ah.e money sway rr8m ere state n3t anIy
rysarsls she onward magea ~ develop
ma BIT 'nereaHes the interest Fate
whIeh 3ebsora n&va t8 pay. Thss interest
UaaFss faiA aot eIone upon the man uho
haa s1rrowasi money bat L. spread oat
eter See ahQ.e community. TIE store
&eeper eitl heavy interest charges 20
meet uHst add thls ltem e ere s,iiag
coas 5' Ais xoo3s. The lan3}e-d 80 his
rents. aaJ - 3a .hfaoaa yhe various ave-
aaea sntA iAe eaas Is disseminated "a
Through tBe community. A heavy inter
est charge JsseearaEcs TIE Investment CT
capital tn Industrial enterprises. Ia COM
merce ~ ln ans development = internal
resources
We, - direct legislation raa accomplish
sny talnE in feaaolus interest charges TIA
= eoaeHueity dependent upea outside csp-
sal ter Be- sappjs g leadah.~ money
1.essslaiian caa rersJ capital ~ making
d atncalf ana expensive 70 serare tbc
rctura - ensneY ance borrowed ~ throv-
sag tos many barriers araaaa ths REALISE
ton apaa securities sfxrn Legislation
rsa l8 q measure pretee, a naa alrea IS
ta deht srea eeiaR competed ~ once to
gnert the demands NJ hts creflters. But
legislation csanet compel capital En- CONS
.n ana seek taves{eeent. Sc cannot c5nre.
r3ea - 1>an shri- ~soaey, e can place rs
safaRuaras ar9ont ta@ fotuss debtor
wn,ce vri ast taeresss ere slg -a'ty sr1
-aat % al-e - srear.as Borrowed r-1re-
sor hfs aeefz g. tae ratsre Every par
te.e ~ b xtslstisa whiea has for rs sGeet
the reslrs - q Hy-ee-. f-asar against RE
.tese-t erettee SD verk sfr-rt &at
positive a3a-y - gae *atare b5rfeasr.