Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1900-10-27
LoANING MONEY.
Savings of the People Are Placed In
the Hands of Money
Lenders.

When there are millions of dollars
piled up in New York and other finan-
ciaI centers waiting for invest ment- II
follows hat money is cheap in the
sense that ii does not cost much to bor-
row it The ca pitalists with capital
for investment makes the rate of in,
tere>t low. and consequently invest
ors. capitalists large banking and
other financial institutions have great
difficulty in lending their money out
safely at percentage larger than
three or four per cent The credit of
the United States government is now
so good that government bonds can
easily be sold which yield an income
of only two per cent; but the credit
OF foreign governments or al least sew
eral of them is not so good as that. and
not having money of their own in their
financial centers which can be bor-
-rowed at a lo:s rate of interest. or Dor
rowed al al. they naturally come to
the country. or the financial centers
of the country. where there is plenty
of money. Such a thing sentiment
never actuates person or a country
borrowing. OF person or a financial
institution lending 1t is a matter of
business. Money lenders get much
as they can. and money borrowers pay
as little as they must. New York is
to-day the financial center of the world.
because it is better able to lend money
to all corners than any other city of the
word.
This condition of affairs proves that
our own country was never so prosper
Gus as row. 1t could net be true with
out these millions of hundreds of mil
lions of dollars piled up in New York.
Io-y +eS
of interest. 1t also illustrates that the
big financial institutions. wherever To-
Gated. cannot prosper unless the coun-
try as a whole has made the money and
has put ii in thsir hands for saving or
investment. The savings banks scat
tered throughout the country. the life
insura nce companies the financial in
situations or large private banking
concerns of wha tever kind. depend for
their very existence in the last an
alysis of things. first. upon the fact
that people have money saved up.
which they can place with these per-
sons institutions for invest ment.
and. second.-that they have such con-
fidence in the general business outlook.
and also such confidence in the integ-
rity of the persons and institutions in
question. that they place their money
on deposit with the n. 1t is this money.
the money of al the people. that is
loaned out to such wouldbe Borrowers
as can put up sufficient collateral.
The presence of this great mass of
money in the financial centers seek
ing investment at rates no matter how
low. so far from being a bad sign. as
Mr. Bryan and his organs claim Though
we have never been able to see why)
is the best possible evidence. is. indeed
perfect index of the prosperity of
the country 1t is positive proof that
the present prosperity of the country
is unprecedented. When we say that
a man is creditor. when we know that
he has money to lend. we mean to say
that there il no better way of saying
that he is prosperous. When a nation
is called creditor nation it is only
perfectly fair to assume that the same
conditions exist with regard to the
whole country; in fact. it is mere clap
trap to assume anyt hing else