The Green Forest tribune., 1900-08-09
DIDN'T LIKE TT.
nerican Building and Loan
 Man Gets Sarcastic.

he following letter from J. Mur- hy, who recently undertook to rganize a local board here for he American Building and Loan Association. MT. Murphy takes xception to our mention of him nd his company in our issue of wo weeks ago. The notice we nade of Mr. Murphy and his ompany was no insinuation upon he reliability of his company nor id we question his authority as gent. We spoke of him as ir- esponsible for the reason that we now that the company is not pund by any statement that he night make as to whether or not he company would make loans. Fe spoke of the matter from past Experience with other reliable Dmpanies. As we stated before, 3uilding and Loans are all right then in operation in 8 town, but he scheme is all wrong unless he matter can be carried on to he extent of procuring loans. Hhe easiest profits that a building hd loan association enjoys is 6at of forfeited stocks. Agents Emit that this IS a large source H revenue to them. Mr. Murphy |xplained to us that this was one Mason that money could be 0aned at such a low rate of in atest and that those who do car- .their stocks through to settle 8ent could profit so handsomely. Tow, we want a Building and zoan, but we believe our citizens |f3y submitted an equitable Exposition to Mir. Murphy when hay proposed to give bond for he full payment of all stocks sbseribed, when the company lf0Ned it's faith by offering the |&6red loans. True, this may lE be their custom or way of do- & business, built would, never Y less. be fair to all concerned
 very strengthening to some
 had already been duped by a lar investment.
 a rather rough and rugged e- written letter our friend kphy warbled off the following eh is published verbatum ct atum. We are not responsi For it's spelling or punctuation !:
 LITTLE ROCK, Ark, July 31, 1900. ELL BROS,
 Green Forest, Ark.
 AR SIRs:-The notice, a somewhat
 hy epistle, under the heading of n't Organize" appearing in your r has reached our home office a few
 ago. Our Secretary here was not
 pleased at the light way you re- to my effort to plant right busi-
 enterprise in your town. This
 |e of yours, however, only amused
 pr it is exactly in keeping with the
 of several people in your town.
 reminded me of the fretting gar
 that had his early crop of peas de-
 ed by frost, and did nothing but
 ret, frot, until one day he went
 b a neighboring gardiner's place,
 hg as usual and telling the other
 Der of his great loss and disap-
 nent. Whereupon the other gar
 told him his own crop had been
 Pyed by the early frost too. But,
 the fretting gardiner what are
 I These are my second crop com
 already said the working gardin
 Ehat, said the fretting gardiner,
 lone nothing but fret ever since
 pp was destroyed by frost.
 said the working gardiner, while
 ere fretting was working. What,
 le fretting gardiner, do you not
 ben you meet with loss? No in
 aid the working gardiner, for l
 To time to fret until have re-
 the damage, and when have re-
 the damage I have no occasion
 tting. So observed that many
 people there seemed to be fret
 retting, fretting, because their
 Building and Loan Branch had
 Tiled by the frost, I suppose.
 own at that early season was per-
 pt safe field for Building and
 hnd as it was killed by tho frost,
 peak, it seems they prefer fret going to work properly to plant
 he opportune season has arrived.
 uppose the fretting gardiner had sposed to doubt the fssilvery talk" might be pleased to call it) of king gardiner, it would be equal- consistent as the doubtful Thom-
 your town are.
 personally, I did not care to , |osperlty on your people if they
 want it. And they had just as
 m right now that if they are a pg the good things of this world lnded them on golden plate | their even reaching for it they ' M Ikp1U tO olwa,rs rniQc the croOd